How Much Does 2013 Ford Mustang Insurance Cost?

Nobody I know looks forward to buying car insurance, especially when they are aware that the price is too high.

There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to be able to choose, more choices can make it harder to compare rates.

Finding affordable coverage is not that difficult. Basically, every vehicle owner who has to buy insurance should be able to save money. Although car owners benefit from understanding how big insurance companies compete online and take advantage of how the system works.

How much is auto insurance?

Shopping for lower auto insurance rates can be challenging if you don’t know the easiest way. You can spend your afternoon driving to agents in your area, or you can utilize the internet to accomplish the same thing much quicker.

All the larger companies take part in a program that allows shoppers to enter their policy data once, and each company can give them a price based on that data. This saves time by eliminating quote forms to each company.

To find out what other companies charge click to open in new window.

One minor caviat to comparing rates this way is you are unable to specify which insurance companies you want to price. If you wish to select from a list of companies to compare rates, we have assembled a list of auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make sure you compare exactly the same quote data for each comparison quote. If you compare higher or lower deductibles then you won’t be able to determine the best price for your Ford Mustang. Slightly different coverages may cause a big price difference. Keep in mind that comparing a large number of companies increases your odds of finding more affordable insurance.

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These discounts can lower your insurance rates

Insurance can be prohibitively expensive, but there are discounts available to reduce the price significantly. A few discounts will be applied at the time you complete a quote, but some may not be applied and must be specially asked for before they will apply.

• Discounts for Safe Drivers – Insureds who avoid accidents could pay up to 40% less for Mustang coverage than drivers with accident claims.
• Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you can avoid the installment charge.
• Claim Free – Claim-free drivers can save substantially when compared to policyholders that have many claims.
• Accident Forgiveness Coverage – Not necessarily a discount, but certain companies will allow you to have one accident before raising your premiums so long as you are claim-free for a specific time period.
• Driving Data Discount – Drivers who elect to allow their insurance company to monitor when and where they use their vehicle by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they show good driving skills.
• Clubs and Organizations – Being a member of qualifying employment or professional organizations can get you a small discount on your bill.
• Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and therefore earn up to a 10% discount.
• Military Discounts – Having an actively deployed family member may qualify for rate reductions.
• College Student – Older children who live away from home at college and do not have access to a covered vehicle can receive lower rates.

One last thing about discounts, many deductions do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, nobody gets a free ride.

Popular insurance companies and some of their more popular discounts are detailed below.

• State Farm has discounts for multiple autos, driver’s education, accident-free, good driver, and passive restraint.
• Geico discounts include multi-policy, multi-vehicle, five-year accident-free, defensive driver, membership and employees, good student, and military active duty.
• Allstate offers discounts including anti-lock brakes, good payer, senior citizen, multi-policy, new car, and premier plus.
• SAFECO may offer discounts for anti-theft, accident prevention training, teen safe driver, safe driver, drive less, and multi-car.
• Farm Bureau policyholders can earn discounts including 55 and retired, multi-policy, good student, safe driver, renewal discount, multi-vehicle, and driver training.
• Progressive may include discounts for online quote discount, multi-vehicle, continuous coverage, homeowner, multi-policy, and good student.
• AAA has savings for anti-theft, multi-car, good driver, pay-in-full, and multi-policy.

It’s a good idea to ask every company what discounts are available to you. Some discounts may not apply to policyholders everywhere.

Different people need different insurance coverages

When it comes to choosing coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions can aid in determining whether you would benefit from professional advice.

• Does liability extend to a camper or trailer?
• What companies insure drivers after a DUI or DWI?
• When do I need to add a new car to my policy?
• Should I buy more coverage than the required minimum liability coverage?
• Should I carry comprehensive and collision coverage?
• If my pet gets injured in an accident are they covered?
• What can I do if my company won’t pay a claim?
• Am I covered if I hit my neighbor’s mailbox?
• Do I pay less if my vehicle is kept in my garage?
• Does coverage extend to my business vehicle?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Understanding the coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Collision – Collision insurance will pay to fix damage to your Mustang resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, backing into a parked car, damaging your car on a curb, sideswiping another vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Auto liability insurance – This provides protection from damage or injury you incur to other’s property or people. This insurance protects YOU against other people’s claims, and doesn’t 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 values of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims like repair bills for other people’s vehicles, legal defense fees, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive or Other Than Collision – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like theft, damage from getting keyed, rock chips in glass, a tree branch falling on your vehicle and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses like ambulance fees, surgery and prosthetic devices. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

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Final considerations

Throughout this article, we presented a lot of ways to lower your 2013 Ford Mustang insurance prices. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding inexpensive car insurance. You may even find the lowest priced car insurance comes from a small mutual company. These companies can often provide lower rates in certain areas than their larger competitors like Allstate, Geico and Progressive.

Some insurance companies do not provide online quoting regional carriers provide coverage only through independent agencies. Low-cost 2013 Ford Mustang insurance can be sourced on the web as well as from independent agents, and you should be comparing both to have the best chance of lowering rates.

As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. In many cases, an insured dropped uninsured motorist or liability limits only to discover later that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Helpful resources

• Comprehensive Coverage (Liberty Mutual)
• Things to Know Before you Cancel Insurance (Allstate)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Bodily Injury Coverage (Liberty Mutual)
• How to Avoid Staged Accidents (State Farm)
• Understanding your Policy (NAIC.org)

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