1998 Ford Mustang Insurance Quotes – 7 Ideas for Cheapest Rates

Comparing car insurance rates is not a process consumers fancy doing, but like it or not it is mandatory for every vehicle.

You should make it a habit to compare rates every six months since insurance rates change regularly. Just because you found the best deal on Mustang insurance a year ago a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because you’re about to learn the easiest way to buy cheaper car insurance.

If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. Pricing affordable auto insurance can be fairly easy. Nevertheless, car owners need to have an understanding of how big insurance companies market insurance on the web and apply this information to your search.

Get lower rates on 1998 Ford Mustang insurance

The price of auto insurance can be rather high, but companies offer discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be inquired about before you get the savings.

  • E-sign – Certain companies may give you up to $50 for buying your policy digitally online.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts well after school through age 25.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Sign Early and Save – Select companies give a discount for switching to them prior to your current policy expiration. It can save you around 10%.
  • Passive Restraint Discount – Vehicles with factory air bags can receive discounts of 20% or more.
  • College Student – Kids in college who attend school more than 100 miles from home and don’t have a car can be insured at a reduced rate.
  • Memberships – Affiliation with certain professional organizations may earn a discount when buying auto insurance on Mustang insurance.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as comp or med pay. So when it seems like you could get a free auto insurance policy, companies don’t profit that way. But all discounts will cut your overall premium however.

Companies that may offer some of the above discounts are:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Discounts may not be available in your area.

Tailor your coverage to you

When buying adequate coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might help in determining if your insurance needs may require specific advice.

  • Do I really need UM/UIM coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Who is covered by my policy?
  • Should I have a commercial auto policy?
  • Is my ex-spouse still covered by my policy?
  • How many claims can I have before being cancelled?
  • If my 1998 Ford Mustang is totaled, can I afford another vehicle?
  • Do I have coverage if my license is suspended?
  • Are all vehicle passengers covered by medical payments coverage?

If you can’t answer these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form.

Car insurance coverages for a 1998 Ford Mustang

Understanding the coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as X-ray expenses, nursing services, pain medications, chiropractic care and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Collision insurance

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

Collision insurance covers things like hitting a parking meter, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Liability car insurance

Liability insurance protects you from damage that occurs to people or other property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like pain and suffering, legal defense fees, attorney fees and medical expenses. How much liability should you purchase? That is up to you, but buy as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Ford Mustang.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

Comprehensive auto coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like vandalism, fire damage, rock chips in glass and falling objects. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Be a smart shopper

Drivers switch companies for many reasons like extreme rates for teen drivers, unfair underwriting practices, policy non-renewal or high prices. It doesn’t matter what your reason, switching insurance coverage companies can be pretty painless.

We’ve covered a lot of information how to save on 1998 Ford Mustang insurance. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the best prices are with a company that doesn’t do a lot of advertising.

Discount insurance can be purchased online as well as from independent agents, and you need to comparison shop both to get a complete price analysis. A few companies don’t offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

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