Cheaper 2014 Ford Mustang Car Insurance Cost

Searching for better insurance coverage rates for your Ford Mustang? Scraping up a payment for overpriced Ford Mustang insurance can dwindle your checking account and make it impossible to make ends meet. Comparing price quotes is a great way to lower your monthly bill. Multiple car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a provider and uncover the absolute cheapest price

The method we recommend to compare insurance rates from multiple companies is to know the fact most larger insurance companies participate in online systems to compare rate quotes. To start a quote, the only thing you need to do is provide information such as how much school you completed, the year, make and model of vehicles, if you lease or own, and how old drivers are. That rating data is then submitted to many of the top insurers and they provide comparison quotes within a short period of time.

Policy discounts you shouldn’t miss

Companies do not advertise all their discounts very clearly, so we researched both the well known and the harder-to-find discounts you could be receiving. If you’re not getting every credit possible, you’re just leaving money on the table.

Use Seat Belts – Requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
No Claims – Drivers who don’t have accidents can earn big discounts as compared to bad drivers.
One Accident Forgiven – A handful of insurance companies will forgive one accident before your rates go up if you are claim-free prior to the accident.
Federal Government Employee – Simply working for the federal government can save as much as 8% for Mustang coverage with certain companies.
Passive Restraint Discount – Cars that have air bags may earn rate discounts of more than 20%.
Defensive Driving Course – Successfully completing a defensive driving course can save you 5% or more depending on where you live.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Most cut the cost of specific coverages such as medical payments or collision. So when it seems like all those discounts means the company will pay you, you’re out of luck.

For a list of providers with discount insurance coverage rates, click here to view.

Insurance agents can help

When choosing coverage, there isn’t really a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that might point out if your situation may require specific advice.

What vehicles should carry emergency assistance coverage?
Do I need medical payments coverage since I have good health insurance?
Is my business laptop covered if it gets stolen from my vehicle?
Should I buy only the required minimum liability coverage?
What can I do if my company won’t pay a claim?
How much liability do I need to cover my assets?
Can I afford to pay high deductible claims out of pocket?
Is my Ford Mustang covered if I use it for business?
Does my policy cover my teen driver if they drive my company car?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance coverage basics

Learning about specific coverages of car insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages available from car insurance companies.

Collision coverage

This pays for damage to your Mustang from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as scraping a guard rail, damaging your car on a curb, crashing into a building, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Ford Mustang.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Liability

Liability insurance protects you from damage or injury you incur to a person or their property. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three 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 means $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage protects against claims like loss of income, legal defense fees, pain and suffering and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like falling objects, damage from a tornado or hurricane, vandalism and hail damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for pain medications, hospital visits, X-ray expenses and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible