Texas buyers have many options when searching for affordable Ford Mustang insurance. You can either waste hours calling around to get rate comparisons or utilize the internet to get rate quotes.
There is a better way to buy auto insurance so we’re going to tell you the proper way to price shop coverage for a Ford and obtain the cheapest rates from Texas insurance agents and online providers.
If you have a current auto insurance policy or need new coverage, you can use this information to reduce the price you pay while maintaining coverages. The purpose of this article is to familiarize you with how to effectively get price quotes and some money-saving tips. Texas vehicle owners just need to understand how to get comparison quotes on the web.
You probably qualify for some discounts
Insuring your fleet can be pricey, but there are discounts available to help offset the cost. Some discounts apply automatically when you purchase, but a few need to be asked about before you will receive the discount. If you aren’t receiving every discount possible, you are throwing money away.
- Life Insurance – Select insurance companies reward you with better rates if you take out life insurance from them.
- Senior Citizens – Older drivers may be able to get a discount up to 10% on Mustang coverage.
- Homeowners Savings – Owning a home can help you save on auto insurance because of the fact that having a home is proof that your finances are in order.
- Seat Belt Usage – Drivers who require all occupants to use a seat belt could save 15% off your PIP or medical payments premium.
- Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
- Drive Less and Save – Keeping the miles down on your Ford can qualify you for a substantially lower rate.
A little note about advertised discounts, many deductions do not apply to the entire cost. Most cut the price of certain insurance coverages like medical payments or collision. So when it seems like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will reduce your overall premium however.
For a list of insurers who offer auto insurance discounts in Texas, click here to view.
Vehicle Insurance Comparison
There are multiple methods to compare auto insurance prices and some are easier and takes less work. You could spend your day driving to insurance companies in your area, or you can stay home and use the web to get prices fast.
The majority of car insurance companies participate in an industry program that allows shoppers to enter their policy data once, and every company can provide price quotes. This saves time by eliminating repetitive form submissions for each company you want a rate for. To enter your information into the quoting system, click to open in new window.
The single downside to using this type of form is you are unable to specify which insurance companies you want to price. If you prefer to choose specific providers to compare rates, we put together a list of the cheapest auto insurance companies in Texas. Click here to view list.
It doesn’t matter which method you choose, just be sure to compare identical deductibles and coverage limits for each price quote. If you enter different limits and deductibles on each one you can’t possibly find the best deal for your Ford Mustang.
Information about specific coverages
Understanding the coverages of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.
Collision coverage
This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things like crashing into a ditch, rolling your car, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.
Coverage for medical expenses
Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as pain medications, ambulance fees, hospital visits, doctor visits and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Comprehensive auto 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 can pay for things such as hitting a deer, damage from getting keyed, damage from flooding, vandalism and fire damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Liability
This coverage will cover damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability can pay for claims like legal defense fees, court costs, loss of income, structural damage and pain and suffering. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Texas state minimum liability requirements are 30,000/60,000/25,000 but drivers should carry better liability coverage.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Ford Mustang.
Since a lot of drivers carry very low liability coverage limits (which is 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.
Smart shoppers get results
You just learned many ideas to shop for Ford Mustang insurance online. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising.
People who switch companies do it for many reasons like delays in responding to claim requests, high prices, poor customer service or even extreme rates for teen drivers. No matter why you want to switch, switching auto insurance companies is less work than it seems.
Lower-priced Ford Mustang insurance is possible from both online companies and with local Texas insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.