How to Compare Arlington Ford Mustang Insurance

Insurance quote for Ford Mustang in ArlingtonThe easiest way to get low-cost auto insurance rates in Arlington is to compare quotes once a year from companies that sell auto insurance in Texas.

Step 1: Try to learn a little about what coverages are included in your policy and the steps you can take to prevent high rates. Many policy risk factors that cause rate increases like traffic citations, accidents, and a low credit rating can be remedied by improving your driving habits or financial responsibility. Later in this article we will cover more ideas to help reduce prices and get additional discounts that may be available.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple sources.

Step 3: Compare the new rate quotes to the premium of your current policy and see if you can save money. If you find better rates and switch companies, make sure coverage does not lapse between policies.

Step 4: Notify your agent or company of your intent to cancel your current car insurance policy and submit the application along with any required down payment for the new policy. Once the paperwork is finalized, keep the new certificate of insurance in an easily accessible location in your vehicle.

A good piece of advice is to try to compare identical coverages on every price quote and and to get quotes from as many companies as possible. Doing this ensures the most accurate price comparison and the best price selection.

Unthinkable but true, nearly 70% of consumers kept buying from the same company for at least four years, and just under half have never compared rates to find affordable insurance. The average driver in Arlington could cut their rates by about 70% a year by just shopping around, but most tend to underestimate the actual amount they would save if they swap their current policy for a cheaper one.

Quoting and comparing cheaper insurance policy in Arlington is not that difficult. Virtually every vehicle owner who has to purchase insurance will get better rates. Nevertheless, Texas car owners can benefit from knowing the way companies determine premium rates because it varies considerably.

How to Lower Your Insurance Premiums

Lots of factors are taken into consideration when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but others are not as apparent such as your marital status or how safe your car is. Consumers need to have an understanding of the rating factors that help determine the price you pay for insurance. If you know what positively or negatively impacts your premiums, this enables you to make decisions that may result in better insurance rates.

The list below includes some of the factors that factor into your rate level.

Single drivers may pay higher costs – Being married may cut your premiums on insurance. It may mean you are more financially stable it has been statistically shown that drivers who are married are more cautious.

Better drivers pay better costs – Getting just one driving citation can increase rates substantially. Drivers with clean records receive lower rates compared to drivers with tickets. Drivers who have gotten severe violations such as DUI, reckless driving or excessive speeding may need to file a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

The diagram below highlights how traffic violations and accidents can affect Ford Mustang insurance rates for different age groups. The rate quotes are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Too many policy claims will drive premiums up – If you frequently file small claims, you can definitely plan on much higher rates or policy non-renewal. Companies in Texas generally give the best rates to policyholders who are not frequent claim filers. Your car insurance is intended to be relied upon for larger claims.

High credit scores equal low rates – Credit score factor in determining what you pay. If your credit score is lower than you’d like, you could save money insuring your Ford Mustang by spending a little time repairing your credit. Drivers who have very good credit scores tend to be better drivers and file fewer claims than drivers who have lower credit ratings.

Insurance rates in urban areas – Living in less populated areas of the country can be a good thing when talking about insurance. Urban drivers have to deal with congested traffic and higher rates of accident claims. Fewer drivers on the road means a lower chance of having an accident in addition to fewer liability claims.

Prevent theft and reduce rates – Owning a car that has a built-in theft deterrent system can save you some money. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft.

Safer cars are cheaper to insure – Vehicles with high crash test scores tend to be cheaper to insure. Safer cars reduce injuries and lower rates of occupant injuries means lower claim amounts and thus lower rates.

Only buy add-on coverages you need – Insurance companies have many additional extra coverages that you can get tricked into buying but may not be useful. Things like vanishing deductibles, accidental death, and motor club memberships may not be needed and are just wasting money. They may sound like good ideas initially, but your money might be better spent on other coverage so consider taking them off your policy.

Ford Mustang statistical loss data – Companies analyze claim trends for every vehicle as a tool for profitable underwriting. Vehicles that are shown to have increased claim numbers or amounts will cost more for coverage. The next table shows the insurance loss data for Ford Mustang vehicles.

For each policy coverage type, the claim amount for all vehicles as a whole is set at 100. Percentages below 100 represent a good loss history, while percentages above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.

Ford Mustang Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Ford Mustang 2dr 175 80 131 109 136 117
Ford Mustang GT 2dr 171 61 143 82

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

When shopping for inexpensive Arlington auto insurance quotes, there are a couple of ways to get quotes from lots of Texas car insurance companies. The best way to find the cheapest insurance rates is to perform an online rate comparison.

When comparing car insurance rates, know that making a lot of price comparisons will enable you to find a lower rate than you’re paying now.

The companies shown below provide free quotes in Texas. If you wish to find cheap car insurance in Arlington, it’s a good idea that you visit several of them to find the cheapest auto insurance rates.

Rates and other information

The information displayed next covers detailed analysis of insurance coverage prices for Ford Mustang models. Being aware of how auto insurance prices are formulated can assist in making decisions when choosing a new policy provider.

Ford Mustang Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $202 $452 $514 $30 $154 $1,352 $113
Mustang 2-Dr Coupe $202 $452 $642 $38 $192 $1,526 $127
Mustang GT 2-Dr Convertible $228 $520 $514 $30 $154 $1,446 $121
Mustang GT 2-Dr Coupe $228 $520 $642 $38 $192 $1,620 $135
Mustang Shelby GT500 2-Dr Convertible $254 $658 $514 $30 $154 $1,610 $134
Mustang Shelby GT500 2-Dr Coupe $280 $726 $642 $38 $192 $1,878 $157
Get Your Own Custom Quote Go

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates substantially.

Physical damage deductibles

When comparing auto insurance rates, the most common question is how high should the physical damage deductibles be. The premium rates below summarize the differences in price when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Ford Mustang insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $328 $698 $382 $22 $114 $1,569 $131
Mustang 2-Dr Coupe $328 $698 $476 $28 $142 $1,697 $141
Mustang GT 2-Dr Convertible $370 $804 $382 $22 $114 $1,717 $143
Mustang GT 2-Dr Coupe $370 $804 $476 $28 $142 $1,845 $154
Mustang Shelby GT500 2-Dr Convertible $412 $1014 $382 $22 $114 $1,969 $164
Mustang Shelby GT500 2-Dr Coupe $454 $1120 $476 $28 $142 $2,245 $187
Get Your Own Custom Quote Go

Ford Mustang insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $182 $368 $382 $22 $114 $1,068 $89
Mustang 2-Dr Coupe $182 $368 $476 $28 $142 $1,196 $100
Mustang GT 2-Dr Convertible $206 $424 $382 $22 $114 $1,148 $96
Mustang GT 2-Dr Coupe $206 $424 $476 $28 $142 $1,276 $106
Mustang Shelby GT500 2-Dr Convertible $228 $534 $382 $22 $114 $1,280 $107
Mustang Shelby GT500 2-Dr Coupe $252 $590 $476 $28 $142 $1,488 $124
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower premium rates noticeably.

Based on the data above, we can derive that using a $100 deductible costs roughly $49 more each month or $588 every year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 18 months between claims, you would come out ahead by selecting a higher deductible.

Ford Mustang insurance premiums by gender

The diagram below shows the difference between Ford Mustang annual premium costs for male and female drivers. Data assumes a clean driving record, no claims, comp and collision included, $100 deductibles, drivers are not married, and no policy discounts are applied.

Full coverage versus liability only rates

The chart below compares Ford Mustang auto insurance costs with full coverage compared to only the Texas minimum liability coverage. The premiums are based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no exact rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Ford Mustang settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the policy deductible has been paid. If premiums are more than $300 a year for physical damage coverage, then it could be time to drop full coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Car insurance is not optional

Despite the high insurance cost for a Ford Mustang in Arlington, buying car insurance serves several important purposes.

The benefits of carrying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. An average driver in America overpays more than $800 each year so you should quote your policy with other companies at every policy renewal to ensure rates are competitive.

Get discounts to get affordable Arlington car insurance rates

Some insurance providers do not list every possible discount in a way that’s easy to find, so the list below gives a summary of both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.Cheaper car insurance with discounts

A quick disclaimer, most credits do not apply to the whole policy. Most only cut individual premiums such as liability, collision or medical payments. So when the math indicates you could get a free car insurance policy, it just doesn’t work that way.

The information below visualizes the comparison of Ford Mustang car insurance costs with and without discounts being applied to the rates. The information is based on a female driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, multi-policy, and marriage discounts applied.

Insurance companies that may offer policyholders these discounts may include but are not limited to:

When getting a coverage quote, ask each insurance company which credits you are entitled to. Some credits might not be available to policyholders in your area.

Buying from car insurance agents

Many drivers prefer to talk to an insurance agent and that can be a great decision The biggest benefit of comparing insurance prices online is that you can find cheap car insurance rates but also keep your business local. And providing support for neighborhood agents is important especially in Arlington.

Find insurance agent in ArlingtonFor easy comparison, once you complete this form (opens in new window), your insurance data is transmitted to local insurance agents who can give free rate quotes for your coverage. You never need to find an agent on your own due to the fact that quote results will go to your email. You can find the lowest rates and an insurance agent to talk to. In the event you want to compare rates for a specific company, you can always search and find their rate quote page and fill out their quote form.

How to choose the best auto insurance agent in Arlington

If you need to find a good Arlington insurance agent, you must know there are a couple types of agencies and how they can service your needs differently. Agents are considered either independent (non-exclusive) or exclusive.

Independent Car Insurance Agents (or Brokers)

These agents are not restricted to one company so they can write business with multiple insurance companies and get you the best rates possible. If they quote lower rates, they simply move your policy to a different company without you having to go to a different agency.

When comparing rates, you should always check rates from at a minimum one independent agency in order to have the best price comparison. Most can insure with small mutual carriers which can be an advantage.

Shown below is a list of independent agents in Arlington who may be able to give you competitive price quotes.

View more agents

Exclusive Agents

These agents have only one company to place business with and some examples include State Farm, Allstate and AAA. They are unable to give you multiple price quotes so keep that in mind. Exclusive agents are usually quite knowledgeable on their products and sales techniques and that enables them to sell even at higher rates. A lot of people choose to use an exclusive agent mainly due to the brand rather than having the cheapest rates.

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

View more agents

Deciding on an car insurance agent needs to be determined by more than just a cheap quote. Here are some questions to ask:

Texas auto insurance companies

Buying coverage from a highly-rated car insurance company is difficult considering how many different insurance companies sell coverage in Texas. The company ratings listed below may help you analyze which providers you want to consider comparing prices from.

Top 10 Arlington Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Arlington Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Cheap coverage is out there

People who switch companies do it for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, not issuing a premium refund or even denial of a claim. Whatever your reason, finding the right insurance provider is not as difficult as it may seem.

You just learned a lot of techniques to compare Ford Mustang insurance premium rates in Arlington. It’s most important to understand that the more times you quote, the better chance you’ll have of finding affordable Ford Mustang insurance quotes. Consumers could even find that the best price on insurance is with some of the smallest insurance companies.

When shopping online for insurance, it’s not a good idea to buy less coverage just to save a little money. Too many times, an insured cut comprehensive coverage or liability limits and found out when filing a claim that the savings was not a smart move. The goal is to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

To read more, feel free to browse the resources below: