Are you a victim of overpriced auto insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.
Drivers have multiple car insurance companies to choose from, and even though it’s nice to have a selection, having more auto insurance companies makes it harder to compare rates.
How much can you save with discounts?
Insuring your fleet can be pricey, but there are discounts available to cut the cost considerably. Some trigger automatically at quote time, but lesser-known reductions have to be inquired about before they will apply.
- Paperless Signup – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
- Use Seat Belts – Drivers who require all occupants to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
- Drive Safe and Save – Safe drivers may save up to 50% more on Mustang coverage than their less cautious counterparts.
- Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
- Employee of Federal Government – Active or retired federal employment can save as much as 8% on Mustang coverage depending on your company.
- Accident Waiver – Certain companies will forgive one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
- Low Mileage – Low mileage vehicles could be rewarded with a substantially lower rate.
- Safety Course Discount – Taking part in a driver safety course can save you 5% or more and easily recoup the cost of the course.
- Payment Method – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
- Passive Restraints – Vehicles equipped with air bags can get savings of up to 25% or more.
It’s important to note that most discounts do not apply the the whole policy. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like you could get a free auto insurance policy, it doesn’t quite work that way. But all discounts will reduce your overall premium however.
Which insurance is the “right” coverage?
When it comes to buying the best auto insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can aid in determining if your insurance needs will benefit from professional help.
- Is business equipment covered while in my vehicle?
- Does my policy pay for OEM or aftermarket parts?
- Am I covered if I drive in a foreign country?
- Why am I be forced to buy a membership to get insurance from some companies?
- Am I covered if I crash into my own garage door?
- Do I have coverage when pulling a U-Haul trailer?
- Is a no-fault state?
- Do I have coverage when making deliveries for my home business?
If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.
But I want to work with a local agent
Certain consumers just want to sit down with an agent. The best thing about comparing insurance prices online is the fact that you can find the best rates and still have an agent to talk to. Buying from small agencies is definitely important in smaller rural communities.
Upon completion of this form (opens in new window), your insurance coverage information is emailed to companies who will give you bids for your business. There is no need to drive around due to the fact that quote results will go immediately to your email address. How’s that for easy! It’s the lowest rates AND a local agent.
What types of insurance agents are there?
When searching for a good insurance agency, there are two different types of agents from which to choose. Agents are either captive or independent.
Independent Agents
These agents do not work for one specific company so they have the ability to put coverage with any number of different companies depending on which coverage is best. If you are not satisfied with one company, an independent agent can move your coverage and you won’t have to switch agencies.
When searching for an agent, it’s recommended you include multiple independent agents to have the most options to choose from.
Captive Insurance Agents
These agents are contracted to one company like Allstate, AAA, Liberty Mutual and State Farm. They are unable to give you multiple price quotes so it’s a take it or leave it situation. Captives receive extensive training on the products they sell which helps them sell insurance even at higher premiums.
To view a full list of insurance agents, click here.
Selecting a car insurance agent should depend on more than just the premium amount. Here are some questions to ask:
- Which company do they place the most coverage with?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How much will you save each year by using a higher deductible?
- Are they full-time agents?
- Is the agency involved in supporting local community causes?
- What will you get paid if your car is a total loss? How is that amount determined?
- Do they have any clout with companies to ensure a fair claim settlement?
Upon receiving positive responses to all your questions and a good coverage price, it’s possible that you found a car insurance agent that meets your needs to service your policy.
Is there truth in advertising?
Auto insurance companies such as Allstate and Progressive continually stream ads on TV and radio. They all seem to say the same thing of big savings after switching to their company. How does each company make almost identical claims?
All the different companies have a certain “appetite” for the right customer that makes them money. For instance, a profitable customer might be profiled as over the age of 50, a clean driving record, and has a short commute. A customer getting a price quote who matches those parameters will get very good rates and most likely will save quite a bit of money when switching.
Potential insureds who are not a match for the requirements will be charged higher premiums and ends up with business not being written. Company advertisements say “drivers who switch” not “everyone that quotes” save money. That’s why companies can advertise the savings.
That is why you should compare as many rates as you can. You cannot predict which company will provide you with the cheapest rates.
And the best car insurance company is…
Affordable Ford Mustang insurance can be found online and also from your neighborhood agents, so compare prices from both to have the best selection. A few companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.
We’ve covered some good ideas how you can lower your Ford Mustang insurance rates. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the most savings is with the least-expected company. Smaller companies often have lower prices on specific markets than the large multi-state companies such as Allstate and Progressive.
