2001 Ford Mustang Car Insurance Quotes

Searching for cheaper car insurance rates for your Ford Mustang? Locating cheaper insurance for a Ford Mustang can normally be a lot of work, but you can learn these tips to make it easier.

There are both good and bad ways to compare car insurance rates so you’re going to learn the proper way to quote coverages for a Ford and get the cheapest rates either online or from local insurance agents.

The quickest way to compare car insurance rates is to know the trick auto insurance companies allow for online access to compare rate quotes. The one thing you need to do is provide information like if you require a SR-22, whether you are single or married, level of coverage desired, and how much education you have. That rating data gets sent immediately to multiple top-rated companies and they return cost estimate instantly to find the best rate.

These discounts can lower your rates

The cost of insuring your cars can be expensive, but there are discounts available that you may not know about. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be specifically requested before being credited. If you’re not getting every credit possible, you are paying more than you should be.

  • Safety Course Discount – Successfully completing a driver safety course could cut 5% off your bill depending on where you live.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy life insurance.
  • Drivers Ed for Students – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.

Keep in mind that most discount credits are not given to the entire cost. Most only apply to the price of certain insurance coverages like comp or med pay. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount will help reduce the amount you have to pay.

Companies who might offer these discounts may include but are not limited to:

It’s a good idea to ask every prospective company what discounts are available to you. Discounts may not be available everywhere.

Different people need different coverages

When it comes to buying the best insurance coverage for your vehicles, there really is no single plan that fits everyone. Each situation is unique.

These are some specific questions may help highlight if your situation could use an agent’s help.

  • Can I rate high risk drivers on liability-only vehicles?
  • Is motorclub coverage worth it?
  • Is my camper covered by my car insurance policy?
  • Is upholstery damage covered by car insurance?
  • What is UM/UIM insurance?
  • Am I covered if I wreck a rental car?
  • Where can I find DUI or SR-22 insurance?
  • Is a blown tire covered by insurance?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Ford Mustang premiums are determined by many factors

It’s important that you understand the different types of things that come into play when calculating insurance coverage rates. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with big savings.

  • Rural vs Urban Areas – Choosing to live in a small town can be a good thing when insuring your vehicles. Urban drivers tend to have much more traffic and longer commute times. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
  • How’s your driving record? – Even a single moving violation may increase your cost twenty percent or more. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. Drivers who get dangerous violations like hit and run, DWI or reckless driving convictions may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
  • Consolidate policies to earn discounts – The majority of insurers will give a discount to insureds who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, you may still want to compare other company rates to make sure you are getting the best deal. Consumers may find a better deal by buying insurance coverage from a different company.
  • Sex matters – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but the men tend to have more serious accidents. Men also statistically have more aggressive citations like reckless driving and DUI.
  • No coverage gaps is important – Not having insurance is a misdemeanor and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, failure to provide proof of insurance might get you a revoked license or a big fine.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Jobs such as lawyers, executives and financial analysts tend to pay higher average rates attributed to stressful work requirements and long work days. Conversely, professions such as pilots, engineers and performers have the lowest average rates for Mustang insurance.
  • Lower rates with optional equipment – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings are cheaper to insure. Safe vehicles result in less severe injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Ford Mustang has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.

Buyer beware of auto insurance advertising tricks

Consumers constantly see and hear ads that promise big savings from the likes of Allstate, Geico and Progressive. All the ads have a common claim about savings if you switch your coverage to them.

How do they all make the same claim? It’s all in the numbers.

All companies have a preferred profile for the type of driver that is profitable for them. For instance, a profitable customer might be between the ages of 30 and 50, a clean driving record, and has great credit. A customer that hits that “sweet spot” will get very good rates and most likely will pay quite a bit less when switching companies.

Consumers who do not match these standards will have to pay higher premiums and ends up with business not being written. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That is how companies can advertise the savings.

Because of the profiling, it’s extremely important to compare many company’s rates. Because you never know which company will have the lowest Ford Mustang insurance rates.

Auto insurance specifics

Learning about specific coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and coverage can change by endorsement.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses for EMT expenses, X-ray expenses, hospital visits and surgery. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Liability

Liability coverage protects you from damage or injury you incur to other’s property or people. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like structural damage, court costs and emergency aid. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Coverage for collisions

Collision insurance pays for damage to your Mustang from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as sideswiping another vehicle, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive (Other than Collision)

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

Comprehensive insurance covers things such as rock chips in glass, damage from getting keyed, damage from flooding and theft. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Ford Mustang.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Be a smart shopper

Budget-conscious 2001 Ford Mustang insurance is possible online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some car insurance companies may not provide online quoting and many times these smaller companies only sell through independent insurance agents.

Throughout this article, we presented many tips how you can shop for insurance online. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. You may be surprised to find that the biggest savings come from the smaller companies.

People who switch companies do it for a variety of reasons including questionable increases in premium, denial of a claim, policy cancellation or lack of trust in their agent. Regardless of your reason, finding a new company is not as hard as you think.

Even more information can be read in the articles below: