1998 Ford Mustang SVT Cobra Car Insurance Quotes

Trying to find cheaper insurance rates for your Ford Mustang SVT Cobra? Buying car insurance is not a task drivers look forward to, but regardless it’s required before you can legally be on the road.

Save on Ford Mustang SVT Cobra insurance

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to cut the cost considerably. Some trigger automatically at quote time, but some must be asked about before you get the savings.

  • No Charge for an Accident – A few companies allow you one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less for Mustang SVT Cobra insurance than less cautious drivers.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can qualify for discounts up to 30%.
  • Driver Safety – Successfully completing a defensive driving course could save 5% or more depending on where you live.
  • Multiple Vehicles – Having multiple vehicles on one policy can get a discount on all vehicles.
  • Early Signing – Some insurance companies reward drivers for signing up prior to your current policy expiration. This can save 10% or more.
  • Low Mileage Discounts – Keeping the miles down on your Ford can earn a substantially lower rate.
  • Discount for Life Insurance – Some companies give a discount if you purchase life insurance from them.
  • Seat Belts Save – Drivers who require all occupants to wear their seat belts can save up to 15% off the personal injury premium cost.
  • Resident Student – Kids in college who live away from home without a vehicle on campus may be able to be covered for less.

Consumers should know that most discount credits are not given the the whole policy. Some only reduce the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will reduce your premiums.

Companies that may offer these money-saving discounts include:

Double check with each insurance company which discounts they offer. All car insurance discounts may not apply everywhere.

Factors that can influence Ford Mustang SVT Cobra insurance rates

Smart consumers have a good feel for some of the elements that help determine your car insurance rates. When you know what positively or negatively determines base rates helps enable you to make changes that will entitle you to big savings.

The following are a partial list of the pieces that factor into prices.

  • Add-on coverages can add up – There are a ton of extra bells and whistles that you can get tricked into buying if you aren’t careful. Things like rental car reimbursement, accidental death and membership fees are some examples. These coverages may sound good at first, but your needs may have changed so remove them from your policy.
  • Poor credit can mean higher rates – A driver’s credit rating is a big factor in determining what you pay for car insurance. People with high credit ratings tend to be more responsible than drivers who have lower ratings. If your credit rating can use some improvement, you could be paying less to insure your 1998 Ford Mustang SVT Cobra by improving your rating.
  • Better crash test results mean better rates – Cars with high safety ratings get lower rates. These vehicles reduce injuries and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your Ford Mustang SVT Cobra earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Where you live – Being located in small towns and rural areas is a positive aspect when talking about car insurance. Fewer drivers means fewer accidents as well as less vandalism and auto theft. Drivers who live in large cities have more traffic problems and longer commute times. More time commuting means more change of being in an accident.
  • The more you drive the more you pay – The more you drive each year the more you will pay for car insurance. The majority of insurers apply a rate determined by how the vehicle is used. Autos that are left in the garage get more affordable rates compared to those used for work or business. Improper usage on your Mustang SVT Cobra may be costing you. Verify your car insurance policy is rated on the correct driver usage.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can look forward to either policy cancellation or increased premiums. Insurance companies award cheaper rates to people who file claims infrequently. Your insurance policy is meant to be used in the event of larger claims.
  • Always keep insurance in force – Driving without insurance is illegal and car insurance companies will penalize you for letting your coverage have a gap. And not only will your rates increase, getting caught without coverage will get you a license revocation or jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Do men or women drive better? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Men and women cause accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get more serious tickets such as reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is no single plan that fits everyone. Every insured’s situation is different.

For instance, these questions can help discover whether or not you would benefit from an agent’s advice.

  • Can I still get insurance after a DUI?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I need rental car coverage?
  • How can I force my company to pay a claim?
  • Does coverage extend to my business vehicle?
  • Is my ex-spouse still covered by my policy?
  • Will I be non-renewed for getting a DUI or other conviction?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form.

Can switching companies really save?

Progressive, Geico, Allstate and State Farm constantly bombard you with ads in print and on television. All the companies make the same claim that you’ll save big if you switch to their company. How does each company make the same claim? This is how they do it.

Different companies have a preferred profile for the type of customer that earns them a profit. A good example of a preferred risk might be between 25 and 40, owns a home, and has a high credit rating. A customer who fits that profile receives the best rates and therefore will cut their rates substantially.

Consumers who don’t measure up to this ideal profile will be quoted more money which usually ends up with business going elsewhere. Company advertisements say “customers that switch” not “everybody who quotes” save that kind of money. That is how insurance companies can confidently state the savings.

This emphasizes why it’s extremely important to get as many quotes as possible. Because you never know the company that will give you the biggest savings on Ford Mustang SVT Cobra insurance.

Car insurance coverage information

Understanding the coverages of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring.

Comprehensive coverage (or Other than Collision) – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a bird, fire damage, theft, a broken windshield and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability – This can cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. It does not 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 might see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as structural damage, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Collision – Collision insurance pays for damage to your Mustang SVT Cobra from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, rolling your car, sustaining damage from a pot hole, crashing into a building and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for expenses for rehabilitation expenses, prosthetic devices, doctor visits and chiropractic care. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Ford Mustang SVT Cobra.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

In any little way, save everyday

When trying to cut insurance costs, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. The aim is to find the BEST coverage for the lowest price while still protecting your assets.

People switch companies for any number of reasons including policy cancellation, not issuing a premium refund, policy non-renewal or even being labeled a high risk driver. Whatever your reason, finding a great new company is easier than you think.

Throughout this article, we presented a lot of tips how to lower your 1998 Ford Mustang SVT Cobra insurance rates. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. You may even find the best price on car insurance is with a lesser-known regional company.

Additional information is located on the following sites: