Compare 2016 Ford Mustang Insurance Rates

Locating the cheapest insurance for a Ford Mustang could be a painful process, but you can learn a few tricks to make it easier. There are more efficient ways to compare insurance coverage rates so you’re going to learn the absolute fastest way to price shop coverage for a new or used Ford and obtain the lowest price from both online companies and local agents.

It is always a good idea to do rate comparisons on a regular basis because prices are variable and change quite frequently. Even if you think you had the lowest price on Mustang insurance six months ago there may be better deals available now. So just ignore everything you know about insurance coverage because I’m going to teach you the right way to find better rates and still maintain coverage.

The quickest method we recommend to compare policy rates utilizes the fact most insurance companies pay for the opportunity to provide you with a free rate quote. The one thing you need to do is provide the companies a bit of rating information including if you’re married, your credit rating estimate, whether the vehicles are used for commuting, and types of safety features. That rating information is automatically sent to insurance companies and they return rate quotes instantly to find the best rate.

Do you qualify for a discount?

Auto insurance companies do not advertise all their discounts in a way that’s easy to find, so we researched both the well known and also the lesser-known insurance savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Life Insurance Discount – Larger companies have better rates if you take out life insurance.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Ford could qualify for a substantially lower rate.
  • Good Student Discount – Performing well in school can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts compared to accident-prone drivers.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.

Drivers should understand that some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance companies aren’t that generous.

Companies who might offer some of the above discounts are:

Check with all companies you are considering which discounts you may be entitled to. Discounts might not be offered in your state.

What coverages do I need?

When buying coverage for your vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique.

These are some specific questions may help you determine whether your personal situation would benefit from professional advice.

  • Do I need an umbrella policy?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is PIP insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does my personal policy cover me when driving out-of-state?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Car insurance coverage specifics

Knowing the specifics of your car insurance policy can be of help when determining the right coverages for your vehicles. Car insurance terms can be confusing and nobody wants to actually read their policy.

Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hail damage, vandalism, hitting a deer, fire damage and hitting a bird. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments – Med pay and PIP coverage provide coverage for bills like nursing services, funeral costs, surgery and dental work. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Liability auto insurance – This can cover damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Collision coverage – This covers damage to your Mustang caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Ford Mustang.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.