Cheap Insurance for a Ford Mustang in Los Angeles

Are you tired of sacrificing other expenses to make your car insurance payment? Your situation is no different than many other California consumers.

It goes without saying that insurance companies don’t want you to look for cheaper rates. Consumers who compare price quotes will, in all likelihood, switch companies because they stand a good chance of finding a policy with better rates. A study showed that consumers who compared rates once a year saved an average of $3,400 over four years compared to people who don’t regularly compare prices.

If finding the cheapest price for insurance in Los Angeles is your ultimate goal, then understanding the best way to shop and compare car insurance can make it easier for you to save money.

You have multiple insurers to choose from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to find the lowest rates for Ford Mustang insurance in Los Angeles.

It’s a great practice to check car insurance prices once or twice a year since prices tend to go up over time. Even if you got the best rates on Ford Mustang insurance in Los Angeles on your last policy a different company probably has better premium rates today. Don’t believe everything you read about Mustang insurance on the internet, but I’m going to show you some great ways to reduce your car insurance bill.

The purpose of this article is to tell you the best methods to compare rates and some tips to save money. If you are insured now, you will surely be able to save money using the ideas you’re about to read. Although California car owners do need to learn the way insurance companies calculate your insurance rates because rates are impacted by many factors.

Discounts mean cheaper rates for Ford Mustang insurance in Los Angeles

Some insurance providers don’t always advertise every discount available very clearly, so we took the time to find a few of the more well known as well as some of the hidden credits available to bring down your rates.

• Driver Training Discounts – Taking part in a course in driver safety could save 5% or more and make you a better driver.
• Paper-free Discount – A few larger online companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
• Telematics Devices – Drivers that enable their insurance company to monitor vehicle usage by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts if they show good driving skills.
• Professional Organizations – Having an affiliation with a civic or occupational organization in Los Angeles could earn you a nice discount when getting a Los Angeles auto insurance quote.
• Anti-lock Brake System – Vehicles that have steering control and anti-lock brakes are much safer to drive and will save you 10% or more on Mustang insurance in Los Angeles.
• Military Rewards – Being deployed with a military unit may lower your prices slightly.
• Cautious Drivers – Insureds without accidents can save up to 40% or more on their Los Angeles auto insurance quote than less cautious drivers.
• Early Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
• Seat Belt Usage – Forcing all vehicle occupants to buckle up before driving could save 15% off the PIP or medical payment premium.

Don’t be surprised that most discounts do not apply to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. Just because you may think you could get a free insurance policy, it’s just not the way it works. But all discounts will reduce your policy cost.

The chart below illustrates the difference between Ford Mustang car insurance costs with and without policy discounts. The costs are based on a female driver, no claims, a clean driving record, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, claim-free, safe-driver, and multi-policy discounts applied.

The best insurance companies and some of their more popular discounts can be found below.

• State Farm discounts include multiple autos, driver’s education, Drive Safe & Save, Steer Clear safe driver discount, and accident-free.
• GEICO policyholders can earn discounts including driver training, anti-theft, daytime running lights, federal employee, five-year accident-free, membership and employees, and good student.
• Progressive may offer discounts for online signing, multi-policy, homeowner, online quote discount, and continuous coverage.
• 21st Century has discounts for student driver, anti-lock brakes, theft prevention, early bird, defensive driver, and air bags.
• American Family may have discounts that include TimeAway discount, good student, mySafetyValet, Steer into Savings, accident-free, bundled insurance, and defensive driver.
• The Hartford offers premium reductions for air bag, vehicle fuel type, anti-theft, defensive driver, bundle, driver training, and good student.
• AAA offers discounts for AAA membership discount, good student, multi-policy, pay-in-full, education and occupation, multi-car, and anti-theft.

If you want low cost Los Angeles auto insurance quotes, ask every prospective company which discounts you may be entitled to. A few discounts may not apply to policyholders in your area.

When comparison shopping, comparing more quotes will increase your chances of finding the best offered rates. Not every company does Los Angeles Mustang insurance quotes over the internet, so you also need to get prices from them, too.

The auto insurance companies shown below have been selected to offer comparison quotes in California. If multiple providers are shown, it’s highly recommended you compare several of them to get the best price comparison.

Insurance coverage details

The rate table below highlights estimates of coverage costs for Ford Mustang models. Having a better understanding of how rates are calculated can aid in making smart choices when buying a car insurance policy.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price information does not factor in specific Los Angeles garaging location which can change auto insurance rates noticeably.

Deductible comparison

When comparing auto insurance rates, the most common question is which deductible level should you buy. The data tables below summarize the differences in premium rates when you select higher and lower physical damage deductibles. The first table uses a $100 deductible for comp and collision and the second price chart uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Table data does not factor in specific location which can lower or raise insurance rates significantly.

Based on the above data, using a $100 deductible will cost you approximately $39 more each month or $468 annually averaged for all Mustang models than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 10 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

The diagram below demonstrates how deductible levels and can raise or lower Ford Mustang insurance costs for different insured age categories. The rate quotes are based on a single male driver, comp and collision included, and no other discounts are factored in.

Safe drivers pay less for auto insurance

The information below demonstrates how citations and at-fault accidents raise Ford Mustang yearly insurance costs for each different age category. The rate quotes are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.

Auto insurance rates based on gender

The diagram below compares Ford Mustang car insurance costs for male and female drivers. The information is based on no violations or accidents, full physical damage coverage, $1,000 deductibles, single status, and no additional discounts are factored in.

Does it make sense to buy full coverage?

The diagram below visualizes the comparison of Ford Mustang auto insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.

When to drop comprehensive and collision coverage

There is no clear-cut formula to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s say your Ford Mustang replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some scenarios where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

How to know if you need help

When it comes to your policy, there really isn’t a “best” method to buy coverage. Your financial needs are unique and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

• Should I have combined single limit or split liability limits?
• What are good deductibles for a Ford Mustang?
• What is the rate difference between pleasure use and commuting?
• Is my ex-spouse still covered by my policy?
• What if an uninsured driver hits me?
• What does roadside assistance cover?
• Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Do I need an agent?

Many drivers still prefer to talk to a local agent and that can be a great decision One of the benefits of getting online price quotes is that you can find the lowest rates and still buy from a local agent. And providing support for neighborhood insurance agencies is important especially in Los Angeles.

After filling out this quick form, the quote information is sent to participating agents in Los Angeles that can provide free Los Angeles auto insurance quotes for your business. You don’t have to do any legwork due to the fact that quote results will go immediately to you. Get lower rates without requiring a lot of work. If for some reason you want to quote rates for a specific company, you just need to navigate to their website and fill out the quote form the provide.

What type of Los Angeles car insurance agent is right for you?

When searching for a good insurance agency, there are a couple of different types of agents that you can select. Car insurance policy providers are either exclusive or independent.

Independent Agencies or Brokers

These type of agents are not employed by one company and that allows them to write policies with any number of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, your policy is moved internally and you don’t have to find a new agent. When searching for an agent, we recommend you get some free quotes from a few independent agents to have the best price comparison.

Shown below is a partial list of independent agencies in Los Angeles who can help you get rate quotes.

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Exclusive Agents

Agents in the exclusive channel normally can only provide a single company’s rates and examples are American Family, State Farm, and AAA. Exclusive agents are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive extensive training on the products they sell which helps them sell insurance even at higher premiums.

Shown below are exclusive agents in Los Angeles that can give you rate quotes.

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Choosing the best auto insurance agent requires you to look at more than just a low price. These are valid questions to ask:

• If your car is in the repair shop, do you have coverage for a rental car?
• Are they able to provide referrals?
• Do they write coverage based solely on cost?
• Will a damage claim use OEM or aftermarket replacement parts?
• Has the agent ever had any license suspensions?

Why you need to buy car insurance

Despite the high insurance cost for a Ford Mustang in Los Angeles, insuring your vehicle may be mandatory for several reasons.

• Just about all states have minimum liability requirements which means the state requires specific minimum amounts of liability coverage if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you bought your Mustang with a loan, almost all lenders will make it mandatory that you carry insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Ford at a more expensive rate and require you to reimburse them the higher price.
• Insurance safeguards both your assets and your car. It will also pay for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your Ford gets damaged, your policy will pay to have it repaired.

The benefits of insuring your car are definitely more than the cost, specifically if you ever have a liability claim. But the average driver in California overpays more than $825 a year so compare rate quotes at every policy renewal to make sure the price is not too high.

Car insurance coverages for a Ford Mustang

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types available from auto insurance companies.

Uninsured and underinsured coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Ford Mustang.

Due to the fact that many California drivers carry very low liability coverage limits (15/30/5 in California), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for collisions

This pays for damage to your Mustang resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible on your Mustang to bring the cost down.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as EMT expenses, nursing services, doctor visits, surgery and pain medications. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverages

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a broken windshield, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a deer. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages

This can cover damage or injury you incur to other people or property. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 15/30/5 which means a $15,000 limit per person for injuries, $30,000 for the entire accident, and property damage coverage for $5,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as medical services, loss of income, legal defense fees and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing more liability than the minimum.

The chart below shows why buying minimum limits may not be enough coverage.

You can lower your insurance rates

As you go through the steps to switch your coverage, make sure you don’t skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your objective should be to get the best coverage possible at the best cost, not the least amount of coverage.

We just covered many ways to shop for Ford Mustang insurance online. The key thing to remember is the more you quote Los Angeles auto insurance, the better your chances of lowering your premium rates. You may even be surprised to find that the most savings is with a small mutual company. They may often insure only within specific states and give better rates than their larger competitors like Allstate, GEICO and Progressive.

Much more information about insurance in California is available at the links below

• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
• What Car Insurance is Cheapest for Drivers Requiring a SR22 in Los Angeles? (FAQ)
• Should I Buy a New or Used Car? (Allstate)
• State Car Insurance Guides (GEICO)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)