2015 Ford Mustang Car Insurance Quotes – 10 Tips for Best Rates

Trying to find the cheapest insurance rates for your Ford Mustang? Searching for the cheapest insurance for a new or used Ford Mustang could be difficult, but you can learn the following methods to find lower rates. There are both good and bad ways to shop for insurance so we’re going to tell you the proper way to price shop coverage on a Ford and locate the lowest possible price either online or from local insurance agents.

If you have a policy now or are looking for a new policy, you will benefit by learning to reduce the price you pay and possibly find even better coverage. Locating the cheapest car insurance coverage is not that difficult. Drivers only need to know the tricks to get comparison quotes online.

Comparison of Auto Insurance

Getting a cheaper price on 2015 Ford Mustang insurance is a fairly straight forward process. Drivers just need to take the time to compare rate quotes from different insurance companies. This can be accomplished in a couple of different ways.

The most efficient way to find the lowest comparison rates would be an industry-wide quote request form click to view form in new window. This easy form eliminates the need for separate forms to each individual auto insurance company. In just a few minutes this one form compares rates instantly. It’s the fastest way to compare.

Another way to obtain and compare quotes online consists of going to each company website and fill out their own quote form. For instance, we’ll assume you want rates from Progressive, State Farm and Farmers. To find out each rate you need to go to every website and enter your information, which is why the first method is more popular.

For a handy list of car insurance company links in your area, click here.

The hardest way of comparing rate quotes is driving to and from local insurance agencies. Shopping for auto insurance online makes this process obsolete unless you prefer the professional guidance only provided by licensed agents. However, consumers can compare online quotes and get advice from an agent in your area.

Which method you use is up to you, but ensure you’re using the exact same coverage information for each price quote. If each company quotes different limits and deductibles on each one you can’t possibly make an equal comparison.

How to reduce 2015 Ford Mustang insurance rates

Companies offering auto insurance do not advertise all available discounts very well, so the following is a list of both well-publicized as well as the least known ways to save on insurance coverage. If you don’t get every credit available, you are throwing money away.

  • Early Signing – Select companies give a discount for switching to them before your current policy expires. This can save 10% or more.
  • No Accidents – Good drivers with no accidents pay less when compared to bad drivers.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save up to 15% off your PIP or medical payments premium.
  • Federal Employees – Active or retired federal employment can earn a discount up to 10% for Mustang insurance depending on your company.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts up to 30%.
  • Resident Student – Children who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Accident Forgiveness – A handful of insurance companies will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. The good student discount can last well after school through age 25.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.

It’s important to understand that some credits don’t apply to the entire policy premium. Some only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky.

For a list of insurance companies who offer insurance coverage discounts, click here.

Tailor your coverage to you

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

Here are some questions about coverages that could help you determine whether you might need professional guidance.

  • Are my friends covered when driving my 2015 Ford Mustang?
  • Do I have newly-aquired coverage?
  • How high should my medical payments coverage be?
  • Do I need special endorsements for business use of my vehicle?
  • Is my 2015 Ford Mustang covered for flood damage?
  • Why am I required to get a high-risk car insurance policy?
  • When should my teen driver be added to my policy?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form. It is quick, free and you can get the answers you need.

Car insurance coverages explained

Learning about specific coverages of car insurance can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Ford Mustang.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like fire damage, hitting a bird and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for nursing services, funeral costs and EMT expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage will pay to fix damage to your Mustang caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as backing into a parked car, scraping a guard rail, sideswiping another vehicle, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability

This coverage provides protection from damages or injuries you inflict on a person or their property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as repair bills for other people’s vehicles, emergency aid and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Don’t break the bank

When buying insurance coverage, you should never skimp on coverage in order to save money. In many cases, drivers have reduced liability coverage limits and learned later that it was a big error on their part. The aim is to buy a smart amount of coverage at a price you can afford while still protecting your assets.

Drivers who switch companies do it for a number of reasons such as unfair underwriting practices, not issuing a premium refund, delays in responding to claim requests and lack of trust in their agent. Regardless of your reason, choosing a new insurance company can be less work than you think.

You just read a lot of information how to lower your 2015 Ford Mustang insurance rates. The key thing to remember is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest priced insurance comes from an unexpected company.

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