2007 Ford Mustang Car Insurance Rates – 10 Tips for Cheaper Quotes

Trying to find the cheapest auto insurance rates for your Ford Mustang? Have you had enough of paying out the nose to pay your car insurance bill each month? Your situation is no different than the majority of other car owners. Numerous auto insurance companies battle for your hard-earned dollar, so it’s not easy to compare every company and get the best coverage at the best rates possible.

How to Compare Car Insurance Costs

Comparing car insurance rates can be exhausting if you aren’t aware of the fastest way to get free quotes. You could waste time talking to local insurance agents in your area, or you can stay home and use online quotes to maximize your effort.

Most of the larger companies enroll in a system where insurance shoppers submit one quote, and at least one company then returns a price quote determined by their information. This saves time by eliminating quote forms to each individual car insurance company. To access this free quoting program, click here to start a free quote.

The only downside to pricing coverage this way is you don’t know exactly the insurers to get pricing from. So if you want to choose individual companies to receive pricing from, we have a page of low cost car insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, make sure you use identical coverages for each comparison quote. If each company quotes differing limits you will not be able to make an equal comparison.

Pay less for 2007 Ford Mustang insurance

Properly insuring your vehicles can get expensive, but you may find discounts to help offset the cost. Larger premium reductions will be automatically applied when you purchase, but a few must be asked about prior to receiving the credit. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Homeowners Discount – Simply owning a home may trigger a auto insurance policy discount because owning a home requires personal responsibility.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out life insurance.
  • Club Memberships – Being a member of a qualifying organization is a good way to get lower rates when buying auto insurance for Mustang insurance.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Sign Early and Save – Select companies give a discount for buying a policy prior to your current policy expiration. It can save you around 10%.
  • Payment Method – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy qualifies for this discount.
  • Safety Course Discount – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
  • Resident Student – Children who attend school more than 100 miles from home and don’t have a car may be able to be covered for less.

Consumers should know that most discount credits are not given the the whole policy. Most only cut the cost of specific coverages such as medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck. But all discounts will bring down the amount you have to pay.

Car insurance companies who might offer these discounts include:

Double check with all companies you are considering what discounts are available to you. All car insurance discounts may not be available in every state.

Tailor your coverage to you

When it comes to buying the best insurance coverage coverage, there is no “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining whether your personal situation could use an agent’s help.

  • Do I need higher collision deductibles?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Are my friends covered when driving my 2007 Ford Mustang?
  • Is my camper covered by my car insurance policy?
  • Is my trailer covered?
  • Does my insurance cover my expensive audio equipment?
  • When would I need additional glass coverage?
  • Why do I only qualify for high-risk insurance?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverage specifics

Having a good grasp of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

This gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2007 Ford Mustang.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like X-ray expenses, ambulance fees, doctor visits, funeral costs and hospital visits. They are often used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Liability

This protects you from damages or injuries you inflict on people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as bail bonds, pain and suffering, loss of income and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage

Collision coverage covers damage to your Mustang resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like colliding with another moving vehicle, hitting a parking meter, colliding with a tree, hitting a mailbox and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.

Comprehensive coverage

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as falling objects, hitting a deer, a tree branch falling on your vehicle, hail damage and theft. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Saving money makes a lot of cents

Cheap 2007 Ford Mustang insurance is available on the web and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies do not offer you the ability to get quotes online and these small insurance companies work with independent agents.

When buying insurance coverage, never buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped comprehensive coverage or liability limits only to regret they didn’t have enough coverage. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Much more information about insurance coverage can be found at the links below