1994 Ford Mustang Insurance Quotes – 10 Policy Discounts

Looking for cheaper car insurance rates for your Ford Mustang? There isn’t anyone who rejoices having to buy car insurance, especially knowing they could find better prices if they shop around.

Big companies like Progressive, GEICO and Farmers Insurance all claim big savings with fancy advertisements and consumers find it hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using these methods. Choosing the best insurance company for you is easy if you know what you’re doing. But drivers need to have an understanding of how companies market on the web and take advantage of how the system works.

How to get affordable insurance coverage

There are a variety of methods to compare insurance coverage quotes, but some are easier and takes less work. You can spend countless hours talking about coverages with insurance companies in your area, or you could save time and use the internet to quickly compare rates.

Most car insurance companies belong to a marketplace where insurance shoppers send in one quote, and each company provides a quote determined by their information. This prevents consumers from doing quotation requests for every insurance coverage company.

To compare rates now click here to start a free quote.

One minor caviat to using this type of system is that consumers can’t choose the companies to get pricing from. So if you prefer to choose individual companies to request quotes from, we have assembled a list of companies who write insurance coverage in your area. Click here to view list.

It’s up to you how you get prices quotes, just try to keep exactly the same deductibles and coverage limits for each comparison quote. If you compare mixed coverages then you won’t be able to determine which rate is truly the best. Quoting even small variations in coverages can result in a big premium difference. And when comparing insurance coverage rates, know that comparing more rates from different companies will increase your chances of finding a lower rate than you’re paying now.

Find discounts to get cheap insurance rates

Insurance can be prohibitively expensive, but you might find some hidden discounts that you may not know about. Certain discounts will be applied when you get a quote, but occassionally some discounts must be specifically requested prior to receiving the credit.

  • Active Military Service – Having an actively deployed family member may qualify for rate reductions.
  • Senior Citizens – Drivers that qualify as senior citizens may qualify for a slight reduction on a auto insurance quote on Mustang coverage.
  • Claim-Free Discount – Good drivers with no accidents can earn big discounts as compared to drivers with a long claim history.
  • Drive Safe and Save – Safe drivers can save as much as half off their rates on Mustang coverage compared to rates paid by drivers with frequent claims.
  • Discounts for Multiple Vehicles – Buying coverage for multiple cars on one policy can reduce the rates for all insured vehicles.
  • Theft Prevention System – Cars equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your auto insurance quote.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in school.
  • Auto/Home Discount – When you combine your auto and homeowners insurance with the same insurance company you may save over 10 percent off each policy depending on the company.
  • Telematics Discount – People who choose to allow driving data submission to monitor driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they are good drivers.
  • Sign Online – A few larger online companies may give you up to $50 for completing your application over the internet.

Remember that most discounts do not apply the the whole policy. A few only apply to individual premiums such as comprehensive or collision. Just because you may think adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A few of the larger companies and some of their more popular discounts are outlined below.

  • GEICO policyholders can earn discounts including anti-lock brakes, defensive driver, emergency military deployment, good student, multi-vehicle, and seat belt use.
  • Mercury Insurance offers discounts including annual mileage, multi-policy, good student, age of vehicle, multi-car, and good driver.
  • Farmers Insurance discounts include homeowner, early shopping, good student, business and professional, and alternative fuel.
  • Auto-Owners Insurance offers discounts for student away at school, multi-policy, air bags, company car, anti-lock brakes, and good student.
  • Liberty Mutual has discounts for good student, new graduate, newly retired, hybrid vehicle, multi-policy, and safety features.
  • SAFECO may include discounts for drive less, bundle discounts, anti-lock brakes, teen safe driver, and safe driver.
  • Progressive may have discounts that include multi-policy, homeowner, online quote discount, good student, multi-vehicle, continuous coverage, and online signing.
  • USAA may offer discounts for vehicle storage, annual mileage, multi-vehicle, defensive driver, good student, and driver training.

Check with each insurance company which discounts you may be entitled to. Some credits may not be available in your area. If you would like to see a list of companies that offer the discounts shown above, click this link.

Tailor your insurance coverage to you

When it comes to choosing the best insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that may help highlight if you may require specific advice.

  • Can I make deliveries for my home business?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What is the rate difference between pleasure use and commuting?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is the difference between comprehensive and collision coverage?
  • Do I have newly-aquired coverage?
  • Do I need PIP (personal injury protection) coverage in my state?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Parts of your car insurance policy

Having a good grasp of a car insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most car insurance policies.

Comprehensive car insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as falling objects, hail damage, damage from flooding, hitting a deer and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability car insurance – This provides protection from damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims such as medical services, pain and suffering, legal defense fees, repair costs for stationary objects and loss of income. How much coverage you buy is your choice, but you should buy as much as you can afford.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Ford Mustang.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision – This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, backing into a parked car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for surgery, rehabilitation expenses, nursing services, X-ray expenses and chiropractic care. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Find Good Coverage for Less

As you quote auto insurance, it’s not a good idea to sacrifice coverage to reduce premiums. In many instances, someone sacrificed comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your strategy should be to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

You just read a lot of tips how to shop for 1994 Ford Mustang insurance online. The key concept to understand is the more companies you get car insurance rates for, the better your comparison will be. Drivers may discover the biggest savings come from a small mutual company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.

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