It’s an obvious conclusion that auto insurance companies don’t want you to compare rates. Consumers who compare rates annually will, in all likelihood, switch companies because there is a high probability of finding a policy with better rates. A recent survey discovered that drivers who make a habit of shopping around saved approximately $3,500 over four years compared to drivers who don’t make a habit of comparing rates.
If finding budget-friendly rates on insurance is why you’re here, then having a grasp of how to get price quotes and compare coverages can make it easier to shop your coverage around.
To save the most money, the best way to get budget Ford Mustang insurance in Tucson is to regularly compare prices from companies who sell auto insurance in Arizona.
- Take a little time to learn about how insurance companies determine prices and the things you can change to lower rates. Many risk factors that drive up the price such as traffic citations, accidents, and a negative credit history can be eliminated by improving your driving habits or financial responsibility.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive and State Farm, while independent agents can quote prices for a wide range of insurance providers. Get quotes now
- Compare the quotes to your existing policy to determine if switching companies saves money. If you find a lower rate quote and make a switch, ensure there is no coverage lapse between policies.
- Notify your current company of your intent to cancel your existing policy. Submit a down payment along with a completed application to your new insurance company. Once the application is submitted, keep your new certificate of insurance in an accessible location in your vehicle.
One important bit of advice is to try to use similar coverage information on each quote request and and to look at every company you can. Doing this guarantees an accurate price comparison and a thorough price selection.
All the larger car insurance companies make it easy to get prices for coverage online. Comparing prices online for Ford Mustang insurance in Tucson is quite simple because you just enter your personal and coverage information as detailed in the form. After you submit the form their rating system collects reports for credit and driving violations and quotes a price based on these and other factors. Quoting online for Ford Mustang insurance in Tucson helps simplify price comparisons, and it’s very important to get many rate quotes if you want to find the cheapest price possible.
To quickly find out if lower rates are available, compare quotes from the companies shown below. If you have a policy now, it’s recommended you type in the coverage information identical to your current policy. This way, you’re receiving an apples-to-apples comparison using the same coverage and limits.
The following companies are our best choices to provide free quotes in Arizona. To buy cheap car insurance in Tucson, we suggest you get prices from several of them to get the best price comparison.
Why you need quality insurance for your Ford Mustang
Despite the fact that insurance is not cheap in Tucson, maintaining insurance is a good idea for several reasons.
First, almost all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability protection in order to drive the car. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your car, almost all lenders will have a requirement that you have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Ford at an extremely high rate and force you to pay for the expensive policy.
Third, insurance preserves both your vehicle and your assets. It will also provide coverage for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance also covers legal expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of insuring your car are without a doubt worth the cost, especially for larger claims. The average driver in America is overpaying over $820 a year so it’s important to compare rates every year to save money.
Ford Mustang insurance coverage information
The coverage table shown below covers different coverage costs for Ford Mustang models. Learning as much as possible about how insurance premiums are formulated can help drivers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $144 | $290 | $300 | $18 | $90 | $842 | $70 |
| Mustang 2-Dr Coupe | $144 | $290 | $374 | $22 | $112 | $942 | $79 |
| Mustang GT 2-Dr Convertible | $162 | $334 | $300 | $18 | $90 | $904 | $75 |
| Mustang GT 2-Dr Coupe | $162 | $334 | $374 | $22 | $112 | $1,004 | $84 |
| Mustang Shelby GT500 2-Dr Convertible | $180 | $420 | $300 | $18 | $90 | $1,008 | $84 |
| Mustang Shelby GT500 2-Dr Coupe | $198 | $464 | $374 | $22 | $112 | $1,170 | $98 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower insurance rates noticeably.
Choosing deductibles
When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates below approximate the rate differences between low and high comp and collision deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $258 | $548 | $300 | $18 | $90 | $1,239 | $103 |
| Mustang 2-Dr Coupe | $258 | $548 | $374 | $22 | $112 | $1,339 | $112 |
| Mustang GT 2-Dr Convertible | $292 | $632 | $300 | $18 | $90 | $1,357 | $113 |
| Mustang GT 2-Dr Coupe | $292 | $632 | $374 | $22 | $112 | $1,457 | $121 |
| Mustang Shelby GT500 2-Dr Convertible | $324 | $798 | $300 | $18 | $90 | $1,555 | $130 |
| Mustang Shelby GT500 2-Dr Coupe | $358 | $882 | $374 | $22 | $112 | $1,773 | $148 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $188 | $370 | $300 | $18 | $90 | $966 | $81 |
| Mustang 2-Dr Coupe | $188 | $370 | $374 | $22 | $112 | $1,066 | $89 |
| Mustang GT 2-Dr Convertible | $212 | $428 | $300 | $18 | $90 | $1,048 | $87 |
| Mustang GT 2-Dr Coupe | $212 | $428 | $374 | $22 | $112 | $1,148 | $96 |
| Mustang Shelby GT500 2-Dr Convertible | $236 | $540 | $300 | $18 | $90 | $1,184 | $99 |
| Mustang Shelby GT500 2-Dr Coupe | $262 | $596 | $374 | $22 | $112 | $1,366 | $114 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can modify rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $27 more each month or $324 every year than quoting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 15 months between claim filings, you would probably save some money by selecting a higher deductible.
The information below highlights how deductible choice and can change Ford Mustang annual premium costs for each different age group. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Irresponsible driving raises your rates
The diagram below shows how speeding tickets and accident claims can affect Ford Mustang yearly insurance costs for each different age category. The premiums are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
Insurance premiums based on gender
The diagram below illustrates the comparison of Ford Mustang auto insurance costs for male and female drivers. The premium estimates are based on no accidents or driving violations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.
Does full coverage make sense?
The example below shows the difference between Ford Mustang insurance costs with full coverage and liability only. The costs are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.
When to stop buying full coverage
There isn’t a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s pretend your Ford Mustang settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after paying the physical damage deductible. If it’s costing in excess of $500 annually for physical damage coverage, then it could be time to drop full coverage.
There are a few situations where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Take policy discounts and save on Ford Mustang insurance in Tucson
Some insurance providers do not list every discount very clearly, so the following list contains a few of the more well known and the more hidden credits that you can use to lower your rates.
- Accident Waiver – This isn’t a discount exactly, but companies like Allstate and GEICO permit an accident before they charge you more for coverage as long as you don’t have any claims for a specific time period.
- Defensive Driver – Taking a course in driver safety may get you a small discount and easily pay for the cost of the class.
- Auto/Life Discount – Larger insurance carriers have a break if you buy a life policy as well.
- Distant College Student Discount – Any of your kids who live away from home at college without a vehicle on campus can receive lower rates.
- Discounts for New Vehicles – Adding a new car to your policy can save you some money since new model year vehicles are generally safer.
- Theft Prevention System – Vehicles that have factory alarm systems and tracking devices help deter theft and will save you 10% or more on Mustang insurance in Tucson.
- No Accidents – Good drivers with no accidents get the best auto insurance rates when compared to drivers who are more careless.
Discounts lower rates, but most discounts do not apply to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. So even though you would think having all the discounts means you get insurance for free, that’s just not realistic.
The chart below visualizes the comparison of Ford Mustang insurance costs with and without discounts applied to the policy rates. The costs are based on a female driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, safe-driver, multi-car, and claim-free discounts applied.
Some of the insurance companies that may have many of the previously listed discounts may include but are not limited to:
If you need cheaper Tucson auto insurance quotes, ask all companies you are considering which discounts you may be entitled to. Depending on the company, some discounts might not be offered everywhere. To see a list of insurance companies that offer the discounts shown above in Tucson, follow this link.
Insurance is unique, just like you
When quoting and choosing the best insurance coverage, there really isn’t a one size fits all plan. Your financial needs are unique so this has to be addressed.
For example, these questions could help you determine if your situation could use an agent’s help.
- What happens if I owe more than my Ford Mustang is worth?
- Is my state a no-fault state?
- Is a driver training discount available?
- Why am I be forced to buy a membership to get insurance from some companies?
- When can my company non-renew my policy?
- Can my babysitter drive my car?
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.