Finding the cheapest insurance for a Ford Mustang in Texas can be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to find auto insurance online and we’ll show you the best way to price shop coverage for a new or used Ford and get the lowest possible price.
You need to take a look at other company’s rates yearly since insurance prices tend to go up over time. Even if you think you had the best deal on Mustang coverage at your last renewal you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the easiest way to reduce your cost while improving coverage.
If you have a policy now or are shopping for new coverage, you can use this information to reduce the price you pay while maximizing coverage. Finding cheaper coverage in Dallas can be fairly easy. Texas drivers only need an understanding of the best way to shop online.
These eight discounts can lower your auto insurance rates
The price of auto insurance can be rather high, but you may qualify for discounts that could drop your premiums quite a bit. Some trigger automatically when you purchase, but less common discounts must be asked for before you will receive the discount.
- Accident-Free Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on as opposed to insureds who have frequent claims or accidents.
- Multi-policy Discount – When you combine your auto and home insurance and insure them with the same company you could save as much as 10 to 15 percent.
- Resident Student – Youth drivers who attend college more than 100 miles from home and leave their car at home may be able to be covered for less.
- Anti-theft Discount – Cars and trucks that have factory anti-theft systems help deter theft and that can save you a little bit as well.
- Lower Rates for Military – Being deployed in the military could be rewarded with lower prices.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to sucessfully take a driver\s education course if offered at their school.
- Pay Upfront and Save – By making one initial payment instead of monthly or quarterly installments you could save 5% or more.
- Discounts for Safe Drivers – Drivers who don’t get into accidents can save up to 40% or more on their on Mustang coverage than their less cautious counterparts.
It’s important to note that most credits do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, you aren’t that lucky.
Companies that may offer policyholders some of the discounts shown above are:
Before you buy a policy, ask each company the best way to save money. Savings may not apply to policyholders everywhere. To view insurance companies that offer multiple discounts in Texas, follow this link.
Shopping for lower auto insurance rates can be exhausting if you don’t utilize the most efficient way to do it. You could waste time discussing policy coverages with agents in Dallas, or you could save time and use the web to achieve your goal.
The majority of car insurance companies enroll in a system that allows shoppers to only type in their quote data once, and each participating company can provide price quotes based on that information. This system prevents you from having to do quote requests to every company.
To find out how much you’re overpaying now click to open in new window.
The only drawback to using this type of system is that you can’t choose which carriers you want pricing from. If you would rather choose from a list of companies for rate comparison, we have a listing of auto insurance companies in Texas. Click to view list.
Whichever way you choose to compare rates, be sure you’re using the same deductibles and coverage limits for each quote you get. If you are comparing different values for each quote then you won’t be able to make a fair comparison for your Ford Mustang in Dallas.
Auto insurance coverages explained
Learning about specific coverages of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.
Medical expense coverage
Med pay and PIP coverage kick in for immediate expenses for doctor visits, X-ray expenses, surgery and rehabilitation expenses. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Collision coverage protection
Collision coverage covers damage to your Mustang caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like colliding with a tree, rolling your car and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (30/60/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.
Comprehensive protection
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hail damage, damage from a tornado or hurricane, hitting a bird, damage from flooding and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Auto liability
Liability insurance provides protection from damage or injury you incur to people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability can pay for claims such as repair bills for other people’s vehicles, court costs, bail bonds and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible. Texas requires drivers to carry at least 30,000/60,000/25,000 but you should think about purchasing better liability coverage.
In Summary
As you , it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped comprehensive coverage or liability limits only to discover later they didn’t purchase enough coverage. Your goal is to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.
Some companies may not offer rates over the internet and most of the time these regional carriers provide coverage only through local independent agents. Cheaper Ford Mustang insurance can be purchased online and also from your neighborhood Dallas agents, so compare prices from both to have the best chance of lowering rates.
We just showed you a lot of techniques to reduce Ford Mustang insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding . You may be surprised to find that the lowest prices are with some of the lesser-known companies.