How Much Does 2006 Ford Mustang Insurance Cost?

Searching for the cheapest insurance coverage rates for your Ford Mustang? Finding more affordable Driversinsurance coverage is difficult for drivers who are new to online price comparisons. There are so many different companies and agents to choose from that it can turn into a difficult challenge to find the perfect company for you.

Ways to get car insurance rate quotes

There are several ways to compare car insurance prices but one way is more efficient than others. You can waste hours talking about coverages with insurance companies in your area, or you could use online quoting to get rates in a matter of minutes.

The majority of car insurance companies enroll in a system that enables customers to enter their coverage request one time, and at least one company returns a competitive quote based on that data. This prevents consumers from doing form submissions to each individual car insurance company.

To participate in this free quote system, click here to open in new window.

The one disadvantage to comparing rates this way is you don’t know exactly which insurance companies you will receive quotes from. If you wish to select specific insurance companies to compare, we have a page of companies who write car insurance in your area. Click to view list.

It’s your choice how you get your quotes, but try to keep equivalent coverages and limits for every quote you compare. If you compare unequal deductibles or liability limits it will be impossible to make an equal comparison. Slightly different insurance coverages or limits may result in a large different in cost. Just keep in mind that obtaining a wide range of quotes will enable you to find a lower rate than you’re paying now.

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Are you qualifying for every discount?

Some insurers do not advertise every discount in an easy-to-find place, so the below list has a few of the more well known and the more hidden discounts that you can inquire about if you buy insurance coverage online. If you don’t get every credit you qualify for, you are just wasting money.

• College Student – College-age children who are attending college and do not take a car to college could get you a discount.
• Defensive Driving Course – Taking part in a course teaching defensive driving skills may get you a small discount and also improve your driving technique.
• Multiple Vehicles – Having more than one vehicle on one policy could earn a price break for each car.
• Auto/Life Discount – Insurance companies who offer life insurance give a small discount if you purchase a life insurance policy as well.
• Telematics Data Discounts – Insureds that choose to allow their insurance company to spy on vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates as long as the data is positive.
• New Car Discount – Buying insurance coverage on a new vehicle can save you some money because newer models keep occupants safer.

It’s important to understand that many deductions do not apply the the whole policy. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A few of the larger companies and their offered discounts are outlined below.

• Farmers Insurance discounts include homeowner, multi-car, switch companies, alternative fuel, and youthful driver.
• State Farm may offer discounts for accident-free, good student, multiple autos, student away at school, and driver’s education.
• Liberty Mutual offers premium reductions for safety features, exclusive group savings, new graduate, hybrid vehicle, and multi-policy.
• MetLife offers discounts for multi-policy, good student, defensive driver, good driver, claim-free, accident-free
• Progressive offers discounts including multi-policy, multi-vehicle, online quote discount, continuous coverage, and online signing.

When comparing rates, check with each insurance company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply in your area. If you would like to choose from a list of insurance companies that offer discounts, follow this link.

When in doubt talk to an agent

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions can help discover if your situation will benefit from professional help.

• Should I sign the liability waiver when renting a car?
• Should I buy full coverage?
• Am I covered by my spouse’s policy after a separation?
• Am I covered when using my vehicle for business?
• How much liability coverage do I need in my state?
• If my 2006 Ford Mustang is totaled, can I afford another vehicle?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form.

Learn how to quote auto insurance at a discount

Lots of things are used in the calculation when premium rates are determined. Some are pretty understandable like a motor vehicle report, although some other factors are more transparent like your vehicle usage or your financial responsibility.An important part of buying insurance is that you know a few of the rating criteria that go into determining auto insurance rates. When consumers understand what impacts premium levels, this helps enable you to make changes that can earn you better auto insurance rates.

• Teenagers vs. older drivers – Drivers with little experience have been known to be inattentive when driving with friends so auto insurance rates are higher. Having to add a young driver onto a policy can cause a big jump in price. Older insureds are more cautious drivers, are lower risk to insure .
• Get cheaper rates if you’re married – Having a wife or husband may earn you lower rates compared to being single. It usually means you are more mature and responsible and insurance companies like that married drivers tend to have fewer serious accidents.
• Avoid tickets and save – Whether or not you get tickets has a lot to do with how much you pay for insurance. Drivers who don’t get tickets pay lower auto insurance prices than bad drivers. Just one driving citation can boost insurance rates by twenty percent. Drivers who have gotten multiple tickets like reckless driving or DUI may need to file a SR-22 with their state’s licensing department in order to prevent a license revocation.
• Gender and insurance coverage prices – Over the last 50 years, statistics have shown females are less aggressive when driving. That doesn’t necessarily mean that females are better at driving than males. Both genders tend to get into auto accidents in similar percentages, but the males get into accidents with more damage. In addition to higher claims, males also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.

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Insurance advertisements

Companies like Progressive, Geico, Allstate and State Farm seem to constantly run ads on television and other media. All the ads make an identical promise that you can save after switching your coverage. Is it even possible that every company can offer you a better deal? It’s all in the wording.

Different companies are able to cherry pick for a prospective insured that will most likely be profitable. For instance, a profitable customer could be between the ages of 40 and 55, has a clear driving record, and has excellent credit. Any new insured that matches those criteria will get the preferred rates as well as save when they switch companies.

Potential customers who fall outside those standards will get higher prices and ends up with business not being written. The ads state “drivers that switch” but not “everyone who gets a quote” save that much. This is how insurance companies can claim big savings.

Because every company is different, drivers should compare free insurance coverage quotes often. It’s just too difficult to predict the company that will have the lowest rates for your situation.

Parts of your auto insurance policy

Having a good grasp of your policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision protection

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, colliding with another moving vehicle, hitting a parking meter, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Auto liability insurance

Liability coverage can cover damages or injuries you inflict on people or other property. This insurance protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like attorney fees, funeral expenses, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for expenses for pain medications, funeral costs, nursing services and prosthetic devices. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your Ford Mustang.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as rock chips in glass, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from getting keyed. The most 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.

Better coverage you can count on

While you’re price shopping online, never skimp on coverage in order to save money. There have been many situations where consumers will sacrifice physical damage coverage and found out when filing a claim they didn’t have enough coverage. The aim is to buy the best coverage you can find at the lowest possible cost.

Drivers switch companies for a variety of reasons including delays in responding to claim requests, high rates after DUI convictions, extreme rates for teen drivers or unfair underwriting practices. Regardless of your reason, switching auto insurance companies is not as hard as you think.

We’ve covered many tips how you can get a better price on 2006 Ford Mustang insurance. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates are with some of the lesser-known companies.

Helpful resources

• Older Driver Statistics (Insurance Information Insitute)
• Information for Teen Drivers (Geico)
• How to Avoid Staged Accidents (State Farm)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Top Signs Your Brakes are Giving Out (State Farm)

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