How to Save on Ford Mustang Insurance in Austin

Ford Mustang insurance policy
Ford Mustang insurance policy image courtesy of QuoteInspector.com

Car owners who are new to shopping for auto insurance online could find sourcing inexpensive Ford Mustang insurance in Austin can be quite challenging.

Insurance for Ford MustangUnimaginable but true, a large majority of consumers have bought car insurance from the same company for at least the last four years, and just short of a majority have never even compared quotes to find cheap rates. Austin insurance shoppers could save an average of as much as 70% each year just by getting comparison quotes, but they just don't want to compare rate quotes.

If you are already insured, you will be able to reduce the price you pay using this strategy. Buying the most affordable car insurance coverage in Austin is quite easy. But Texas consumers can benefit by having an understanding of the way insurance companies determine what you pay because rates are impacted by many factors.

How to compare Austin Ford Mustang insurance quotes

Just remember that comparing more prices helps you find a lower rate. Some companies don't provide online rate quotes, so you also need to get price quotes from them as well.

The companies in the list below can provide free rate quotes in Texas. If more than one company is shown, we suggest you visit as many as you can in order to get a fair rate comparison.

Ford Mustang Insurance Cost Estimates in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $206 $462 $400 $24 $120 $1,212 $101
Mustang 2-Dr Coupe $226 $486 $448 $26 $134 $1,320 $110
Mustang GT 2-Dr Convertible $198 $478 $496 $30 $148 $1,350 $113
Mustang GT 2-Dr Coupe $200 $414 $486 $28 $146 $1,274 $106
Mustang Shelby GT500 2-Dr Convertible $334 $842 $514 $30 $154 $1,874 $156
Mustang Shelby GT500 2-Dr Coupe $318 $856 $620 $36 $186 $2,016 $168
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Table data does not factor in garaging location in Austin which can revise price quotes greatly.

Auto insurance premiums based on gender

The example below shows the difference between Ford Mustang insurance costs for male and female drivers. The information is based on no accidents, no driving violations, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Three good reasons to insure your Mustang

Despite the high cost of buying insurance for a Ford Mustang in Austin, insurance is required for several reasons.

First, most states have mandatory insurance requirements which means the state requires specific minimum amounts of liability if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a loan on your Ford Mustang, most lenders will make it mandatory that you have full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank will be required to insure your Ford at a significantly higher premium and force you to pay for the much more expensive policy.

Third, insurance preserves not only your vehicle but also your assets. It also can pay for medical bills for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses in the event you are sued. If you have damage to your Ford as the result of the weather or an accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance definitely exceed the cost, particularly for liability claims. An average driver in America is currently overpaying as much as $820 a year so you should quote your policy with other companies at least once a year to ensure rates are inline.

Auto insurance savings promises

Progressive, GEICO, Allstate and State Farm seem to constantly run television, radio, and online ads. All the companies advertise the message about savings if you change your auto insurance coverage to their company. How is it possible that every company can lower your rates? It's all in the words they use.

Companies have a preferred profile for the driver that will add to their bottom line. For instance, a profitable customer may need to be between the ages of 30 and 50, has a clean driving record, and has great credit. Any new insured that meets those criteria will qualify for the lowest rates in Austin and most likely will save if they switch.

Consumers who are not a match for these standards will be quoted higher premium rates which translates to business going elsewhere. The ad wording is "drivers that switch" not "everybody who quotes" save that much when switching. This is how companies can truthfully claim big savings.

This emphasizes why you really should do a rate comparison at every renewal. It's just too difficult to predict which insurance companies will give you the biggest savings.

Discount Austin insurance rates

Car insurance companies do not advertise all available discounts in an easy-to-find place, so we break down both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.Save money with discounts

It's important to understand that some credits don't apply to all coverage premiums. A few only apply to individual premiums such as collision or personal injury protection. Even though it may seem like you can get free auto insurance, companies don't profit that way.

Some companies who may offer many of the previously listed discounts include:

If you are trying to find the cheapest Ford Mustang rate quotes, ask every prospective company to apply every possible discount. Some credits may not be available everywhere. To locate providers that offer discounts in Texas, click here to view.

Do I need a local insurance agent?

A small number of people would prefer to talk to a local agent and doing that can be a smart decision An additional benefit of price shopping on the web is that drivers can save money and get lower rates but also keep your business local. Buying insurance from small agencies is important especially in Austin.

Austin insurance agentsTo make it easy to find an agent, after completing this form (opens in new window), your coverage information is transmitted to local insurance agents who will gladly provide quotes and help you find cheaper coverage. There is no need to do any legwork due to the fact that quote results will go instantly to you. You can find better rates without requiring a lot of work. If you want to compare prices from a specific company, you can always visit that company's website and give them your coverage information.

Different types of auto insurance agents in Austin

If you would like to find a local Austin insurance agency, you must know there are a couple different types of agents from which to choose. Insurance agencies in Austin can be categorized as either independent or exclusive.

Independent Agencies or Brokers

Independent insurance agents do not have single company limitations so they can insure your vehicles with lots of companies and find you the best rates. If you are not satisfied with one company, they simply switch companies in-house which makes it simple for you. If you need cheaper car insurance rates, we recommend you check rates from several independent agencies for maximum quote selection. Many can place coverage with companies that do not advertise much that may have much lower rates than larger companies.

Below is a short list of independent agencies in Austin who may provide free car insurance rate quotes.

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Exclusive Insurance Agencies

Exclusive agents can usually just insure with one company such as State Farm, Allstate, or Farmers Insurance. They usually cannot place coverage with different providers so it's a take it or leave it situation. Exclusive agents are trained well on their company's products and that allows them to sell at a higher price point. Drivers often use the same agent mostly because of loyalty to the company rather than low price.

Below are Austin exclusive insurance agents who can help you get price quotes.

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Choosing the best insurance agency needs to be determined by more than just the price. Here are some questions you should ask.

Affordable car insurance premiums are out there

As you go through the steps to switch your coverage, make sure you don't sacrifice coverage to reduce premiums. In many cases, an insured dropped physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

A few companies don't offer internet price quotes and usually these small, regional companies provide coverage only through independent agents. Cheap Ford Mustang insurance in Austin is definitely available from both online companies as well as from insurance agents, and you need to price shop both to have the best selection.

We just showed you a lot of information how to find lower-cost Ford Mustang insurance in Austin. The key concept to understand is the more price quotes you have, the higher the chance of saving money. You may even find the lowest priced car insurance comes from the smaller companies.

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