2013 Ford Mustang Insurance Rates – 6 Discounts for Cheaper Quotes

Want the cheapest insurance coverage rates for your Ford Mustang? Are you tired of trying to scrape together enough money each month for car insurance? You are in the same boat as many other consumers. Having so many choices, it can be challenging to choose the most affordable provider.

Choosing the best insurance company for you is not rocket science. If you are insured now or are shopping for new coverage, you can learn to reduce the price you pay and still get good coverage. Vehicle owners only need an understanding of the most effective way to compare company rates online.

Discounts are available to cut your rates

Car insurance companies don’t list every available discount in an easy-to-find place, so the following is a list of both the well known and also the lesser-known auto insurance savings. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Military Rewards – Having a deployed family member can result in better rates.
  • 55 and Retired – Mature drivers can possibly qualify for a small decrease in premiums for Mustang insurance.
  • Organization Discounts – Affiliation with certain professional organizations could qualify you for a break on your policy for Mustang insurance.
  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Own a Home – Being a homeowner can help you save on auto insurance because owning a home shows financial diligence.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.

It’s important to note that most discounts do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears all the discounts add up to a free policy, it just doesn’t work that way.

To see a list of companies with the best auto insurance discounts, click here to view.

Save $424 a year? Really?

Consumers constantly see and hear ads for the lowest price auto insurance from the likes of 21st Century, Allstate and State Farm. They all seem to have a common claim of big savings after switching your coverage to them.

How do they all make almost identical claims?

Insurance companies can use profiling for the driver they prefer to insure. For example, a profitable customer could possibly be between 25 and 40, has no driving citations, and chooses high deductibles. A customer getting a price quote who meets those qualifications will get the preferred rates and most likely will save a lot of money.

Consumers who are not a match for these standards will be quoted higher prices and this can result in the customer not buying. The ad wording is “drivers who switch” not “everybody who quotes” save that much money. That is how insurance companies can confidently make those claims. This emphasizes why drivers should get quotes from several different companies. You cannot predict which auto insurance company will provide you with the cheapest Ford Mustang insurance rates.

Everyone needs different coverages

When buying coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions can help discover whether you could use an agent’s help.

  • Is my camper covered by my car insurance policy?
  • Why is insurance for a teen driver so high?
  • Do I need PIP coverage since I have good health insurance?
  • Am I missing any policy discounts?
  • Do I really need UM/UIM coverage?
  • When should I drop full coverage on my 2013 Ford Mustang?
  • Does my insurance cover my expensive audio equipment?
  • How do I insure my teen driver?
  • Why am I required to buy liability insurance?
  • Am I covered if I break a side mirror?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Auto insurance 101

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Auto liability – Liability insurance provides protection from injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability can pay for claims such as legal defense fees, structural damage, loss of income, medical expenses and emergency aid. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hail damage, damage from flooding and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford Mustang.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for short-term medical expenses for things like ambulance fees, chiropractic care and doctor visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Collision coverages – This coverage pays for damage to your Mustang from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, colliding with a tree, hitting a parking meter, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Be a Smart Shopper

Budget-conscious 2013 Ford Mustang insurance is attainable from both online companies as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who don’t offer the ability to get a quote online and these regional insurance providers work with independent agents.

When trying to cut insurance costs, never sacrifice coverage to reduce premiums. In too many instances, an insured cut comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. The proper strategy is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

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