Lower Your 2004 Ford Mustang Car Insurance Quotes

I can’t think of anyone who looks forward to buying insurance coverage, particularly when their premiums are through the roof. Multiple insurers compete to insure your vehicles, and because of this it can be hard to compare insurers to find the absolute lowest rate possible.

You should make it a habit to check insurance coverage prices periodically due to the fact that insurance rates change regularly. Despite the fact that you may have had the lowest rates for Mustang coverage a few years ago you can probably find a better price now. So just block out anything you think you know about insurance coverage because you’re going to get a crash course in the only way to reduce your cost while increasing coverage.

If you are insured now or need a new policy, you can use these tips to get lower rates and possibly find even better coverage. Buying car insurance is quite easy. Vehicle owners just need to understand the most efficient way to get comparison rates on the web.

Ford Mustang rates influenced by many factors

An important part of buying insurance is that you know the factors that play a part in calculating car insurance rates. Understanding what determines base rates helps enable you to make changes that could result in big savings.

Shown below are some of the items that factor into premiums.

  • Don’t buy coverages you don’t need – There are quite a few additional coverages you can purchase on your Mustang policy. Insurance for rental car reimbursement, better glass coverage and term life insurance may be costing you every month. These may sound like a good investment initially, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Pleasure use or commuting – The more miles you rack up on your Ford in a year the more you will pay for car insurance. Most companies rate vehicles based on how the vehicle is used. Autos used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated Mustang can cost quite a bit. Double check that your car insurance policy is showing how each vehicle is driven, because improper ratings can cost you money.
  • Higher deductibles cost less – Your deductibles define the amount you are willing to pay before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. A few examples of covered claims would be running into the backend of another car, collision with an animal, or theft. The more you have to pay, the bigger discount you will receive for Mustang coverage.
  • Cautious drivers pay less – A bad driving record has a big impact on rates. Careful drivers get better rates than people who have multiple driving citations. Even a single citation can boost insurance rates forty percent or more. If you have severe violations like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Your location is important – Being located in a small town can be a good thing when buying car insurance. Urban drivers have to deal with much more traffic and longer commute times. Fewer people means reduced accidents.
  • Liability coverage is cheap – Liability insurance will protect you when a jury decides you are liable for causing damage or personal injury in an accident. It will provide you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.

Quick Insurance Quotes

There are multiple methods to compare 2004 Ford Mustang insurance prices but there is one way that is easier and takes less work. You can waste a few hours (or days) talking to insurance companies in your area, or you could save time and use online quotes to maximize your effort.

Most of the larger companies belong to a marketplace where insurance shoppers submit their information once, and each participating company can provide price quotes for coverage. This saves time by eliminating repetitive form submissions for every insurance company.

To participate in this free quote system, click here to start a free quote.

The one disadvantage to pricing coverage this way is you can’t choose the providers to get quotes from. So if you prefer to choose specific insurance companies to compare prices, we have a page of the cheapest insurance companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just compare the exact same quote information for every company. If you are comparing differing limits it’s not possible to truly determine the lowest rate.

More discounts equal less premium

The price of auto insurance can be rather high, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be triggered automatically when you quote, but some must be specifically requested before they will apply. If they aren’t giving you every credit you qualify for, you are throwing money away.

  • Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Drive Less and Save – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
  • Senior Citizens – Mature drivers may qualify for better insurance rates for Mustang coverage.
  • Drivers Ed for Students – Require your teen driver to complete a driver education course in high school.
  • Auto/Home Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Multiple Vehicles – Insuring multiple vehicles on the same insurance policy could earn a price break for each car.
  • Good Students Pay Less – This discount can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Sign Online – Some insurance companies may give you up to $50 just for signing your application online.
  • No Charge for an Accident – Certain companies will forgive one accident without raising rates so long as you haven’t had any claims for a certain period of time.

Drivers should understand that most credits do not apply the the whole policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky. But any discount will help reduce your premiums.

For a list of insurers with the best insurance discounts, click here to view.

It’s not one size fits all

When choosing the best auto insurance coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique so your insurance needs to address that. These are some specific questions might point out whether or not you would benefit from an agent’s advice.

  • Does coverage extend to my business vehicle?
  • Does my car insurance cover rental cars?
  • What happens if I owe more than my 2004 Ford Mustang is worth?
  • What are the best liability limits?
  • How many claims can I have before being cancelled?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is a blown tire covered by insurance?
  • Are my friends covered when driving my 2004 Ford Mustang?
  • Is my custom paint covered by insurance?
  • Why am I required to buy high-risk coverage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Specific coverage details

Having a good grasp of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are typical coverage types offered by insurance companies.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like dental work, prosthetic devices, nursing services, EMT expenses and surgery. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Collision protection

Collision coverage covers damage to your Mustang resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive auto coverage

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

Comprehensive can pay for things like rock chips in glass, damage from getting keyed, hitting a deer, vandalism and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverage

Liability insurance can cover damage that occurs to people or other property. It 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 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like medical expenses, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Buy Smart and Save

Cost effective 2004 Ford Mustang insurance is attainable from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

In this article, we covered many ways to save on insurance. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from the least-expected company. Some small companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

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