1993 Ford Mustang Insurance Rates – 8 Tips to Save

Looking for better auto insurance rates for your Ford Mustang? Finding better insurance prices for a new or used Ford Mustang can be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy auto insurance and we’ll show you the best way to get price quotes for a new or used Ford and locate the best price possible either online or from local insurance agents.

You should take the time to compare rates periodically because prices go up and down regularly. If you had the best price for Mustang insurance a year ago a different company probably has better rates today. There is a lot of bad information regarding auto insurance on the internet, so we’re going to give you some of the best ways to find affordable auto insurance.

If you have a policy now or are shopping for new coverage, you can use these techniques to reduce the price you pay while maximizing coverage. Locating the cheapest car insurance coverage is easy if you know what you’re doing. Drivers just need to learn how to compare rates online.

Comprehensive Insurance Coverage Comparison Quotes

Effectively comparing insurance coverage prices can take time and effort if you don’t know the best way to get rate quotes. You can waste hours driving to insurance agencies in your area, or you can stay home and use the web for quick rates.

Many companies belong to a marketplace that allows shoppers to enter their policy data once, and each company can give them a price determined by their information. This eliminates the need for form submissions for each company.

To submit your quote information now, click to open in new window.

The one disadvantage to using this type of system is buyers cannot specifically choose the companies to get pricing from. So if you prefer to pick specific providers to request quotes from, we have a listing of companies who write insurance coverage in your area. Click to view list.

It’s up to you how you get prices quotes, just ensure you’re using apples-to-apples coverage limits and deductibles for every company. If each company quotes different limits and deductibles on each one you can’t possibly truly determine the lowest rate.

Discounts are available to cut your rates

Car insurance is not cheap, but you can get discounts that you may not even be aware of. Most are applied at the time you complete a quote, but lesser-known reductions have to be asked about before being credited. If you don’t get every credit you deserve, you’re just leaving money on the table.

Early Signing – Select companies give a discount for buying a policy prior to your current policy expiring. This can save 10% or more.
Club Memberships – Belonging to a qualifying organization could trigger savings on your policy for Mustang insurance.
New Car Discount – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.
Homeowners Pay Less – Owning a home can help you save on auto insurance because of the fact that having a home is proof that your finances are in order.
Save over 55 – If you qualify as a senior citizen, you may be able to get a discount up to 10% for Mustang insurance.
Paperless Signup – A handful of insurance companies will give a small break just for signing your application on their website.
Low Mileage – Driving fewer miles could qualify for a substantially lower rate.

It’s important to note that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any amount of discount will reduce the amount you have to pay.

To see a list of insurers with discount auto insurance rates, click here.

Everyone needs different coverages

When it comes to buying the best insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

Who is covered when they drive my 1993 Ford Mustang?
Does coverage extend to my business vehicle?
Can I get a multi-policy discount for packaging my home and auto coverage?
How can I find cheaper teen driver insurance?
How high should my medical payments coverage be?
Does liability extend to a camper or trailer?
Does my policy cover my teen driver if they drive my company car?
If my 1993 Ford Mustang is totaled, can I afford another vehicle?
Do I need higher collision deductibles?
Does my car insurance cover rental cars?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Specifics of your insurance policy

Having a good grasp of insurance can help you determine the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from getting keyed, hitting a bird, damage from a tornado or hurricane and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Ford Mustang.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability auto insurance

This coverage will cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like legal defense fees, court costs, structural damage, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for expenses like ambulance fees, dental work, surgery and funeral costs. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for collisions

This coverage covers damage to your Mustang caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with a tree, backing into a parked car, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.