Save on 2004 Ford Mustang Insurance Cost

Trying to find better insurance coverage rates? Buyers have many options when searching for low-cost Ford Mustang insurance. You can either spend your time calling around to get rate comparisons or utilize the internet to make rate comparisons. There are more efficient ways to compare insurance coverage rates so we’re going to tell you the proper way to get price quotes for a new or used Ford and obtain the lowest possible price from both online companies and local agents.

You need to compare premium rates before your policy renews because insurance coverage prices fluctuate regularly. If you had the lowest price for Mustang coverage a year ago you will most likely find a better rate today. Forget anything you know (or think you know) about insurance coverage because you’re going to get a crash course in the fastest and easiest way to properly buy coverages and cut your premium.

If you have a current auto insurance policy or are looking for a new policy, you will benefit by learning to reduce the price you pay and possibly find even better coverage. This article will help you learn how to get online quotes. Drivers just need to learn how to get comparison quotes online.

More discounts mean affordable premiums

Auto insurance is expensive, but you may be missing some discounts that can drop the cost substantially. Certain discounts will be applied at the time of quoting, but some must be specially asked for in order for you to get them.

  • Early Renewal Discounts – Some auto insurance companies reward drivers for signing up prior to your current policy expiring. It could save around 10% when you buy insurance coverage online.
  • Military Rewards – Having a deployed family member could qualify you for better rates.
  • New Vehicle Savings – Adding a new car to your policy is cheaper since newer models are generally safer.
  • Online Discount – Some of the larger companies will discount your bill up to fifty bucks get insurance coverage digitally online.
  • Telematics Data Discounts – Drivers who elect to allow data collection to analyze driving manner by using a small device installed in their vehicle like Allstate’s Drivewise could see a rate decrease as long as they are good drivers.
  • Government Employees – Being employed by or retired from a federal job could cut as much as 10% off for Mustang coverage with some auto insurance companies.
  • Anti-theft Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen with less frequency and therefore earn up to a 10% discount.
  • ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.
  • Driver Safety – Completing a safe driver class could save 5% or more and easily pay for the cost of the class.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, that’s just not realistic.

Some of the larger companies that may offer quotes with most of the discounts above possibly include:

Before you buy a policy, ask each company which discounts you may be entitled to. All car insurance discounts may not apply to policyholders in your state. If you would like to choose from a list of companies that have a full spectrum of discounts, click this link.

How to get auto insurance price quotes

Getting a cheaper price on 2004 Ford Mustang insurance is actually easier than you may think. You just have to spend a little time comparing free insurance coverage quotes online with multiple companies. Price comparisons can be done in a couple of different ways.

  • The single most time-saving way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing separate quote forms for each company. A single, simple form will get you price quotes from all major companies. It’s the fastest way to compare.
  • Another way to compare rate quotes requires visiting each individual company website to complete their respective quote request forms. For instance, we’ll pretend you want to see prices from State Farm, Allstate and GMAC. To get each rate you have to spend time going to each site individually to enter the same coverage data repeatedly, which can get old fast.

    For a list of links to companies insuring cars in your area, click here.

How you compare quotes is your choice, just make darn sure you compare apples-to-apples coverages for each comparison quote. If each company quotes mixed coverages it will be nearly impossible to truly determine the lowest rate.

It’s not one size fits all

When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different.

For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

  • Does my insurance cover a custom paint job?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered when delivering products for my home-based business?
  • Are there companies who specialize in insuring high-risk drivers?
  • Can I afford to buy a different vehicle if my 2004 Ford Mustang is totaled?
  • Do I need added coverage for expensive stereo equipment?
  • Do I pay less for low miles?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Learn about car insurance coverages for a Ford Mustang

Knowing the specifics of car insurance aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like ambulance fees, X-ray expenses, dental work, nursing services and hospital visits. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and damage to your Ford Mustang.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for liability

Liability coverage provides protection from damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things like bail bonds, funeral expenses and emergency aid. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Collision protection

Collision coverage will pay to fix damage to your Mustang caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as scraping a guard rail, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, hitting a bird, a broken windshield and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Cheaper insurance is a realistic goal

As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In many instances, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.

Lower-priced 2004 Ford Mustang insurance can be purchased both online and with local insurance agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance companies do not offer online rate quotes and most of the time these smaller providers only sell coverage through independent agents.

We just presented many ways to compare 2004 Ford Mustang insurance premium rates online. The key concept to understand is the more quotes you get, the higher the chance of saving money. Consumers could even find that the biggest savings come from a smaller regional carrier.

More detailed car insurance information can be read at these sites: