Searching for the most affordable Evansville Ford Mustang insurance quotes can seem to be problematic for people new to quoting and comparing rates and buying insurance online. With such a large number of agents and insurance companies available, how can anyone be able to compare them all to find cheaper insurance prices?

Insurance rates Ford Mustang in EvansvilleUnbelievable but true according to a study nearly 70% of drivers kept buying from the same company for more than four years, and just under half have never compared quotes from other companies. Evansville drivers could save themselves nearly $700 a year just by getting comparison quotes, but they underestimate the big savings they would realize if they switched to a more affordable policy.

You need to compare prices as often as possible due to the fact that insurance prices change regularly. Despite the fact that you may have had the best deal on Ford Mustang insurance in Evansville last year there is a good chance you can find better rates now. You can find a lot of wrong information about Mustang insurance online, but in just a couple of minutes you can learn some excellent ideas to find cheap insurance in Evansville.

Just remember that quoting more helps increase your odds of locating the best rates. Not every company allows you to get Evansville Mustang insurance quotes over the internet, so it's necessary to compare quotes from the smaller companies as well.

The companies in the list below provide comparison quotes in Evansville, IN. If multiple providers are shown, it's a good idea that you compare several of them to get the most affordable price.

Ford Mustang Insurance Rates in Evansville, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $116 $266 $318 $18 $94 $812 $68
Mustang 2-Dr Coupe $160 $320 $362 $22 $108 $972 $81
Mustang GT 2-Dr Convertible $268 $680 $340 $20 $102 $1,410 $118
Mustang GT 2-Dr Coupe $172 $312 $460 $28 $138 $1,110 $93
Mustang Shelby GT500 2-Dr Convertible $222 $504 $280 $16 $84 $1,106 $92
Mustang Shelby GT500 2-Dr Coupe $288 $808 $368 $22 $110 $1,596 $133
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Price information does not factor in zip code location which can revise prices significantly.

Deductible analysis

One of the most common car insurance questions is the level to set your comp and collision deductibles. The premium rates below can help show how much more rates are when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Ford Mustang insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $242 $514 $280 $16 $84 $1,161 $97
Mustang 2-Dr Coupe $242 $514 $350 $20 $106 $1,257 $105
Mustang GT 2-Dr Convertible $272 $592 $280 $16 $84 $1,269 $106
Mustang GT 2-Dr Coupe $272 $592 $350 $20 $106 $1,365 $114
Mustang Shelby GT500 2-Dr Convertible $304 $748 $280 $16 $84 $1,457 $121
Mustang Shelby GT500 2-Dr Coupe $334 $826 $350 $20 $106 $1,661 $138
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Ford Mustang insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $176 $348 $280 $16 $84 $904 $75
Mustang 2-Dr Coupe $176 $348 $350 $20 $106 $1,000 $83
Mustang GT 2-Dr Convertible $200 $400 $280 $16 $84 $980 $82
Mustang GT 2-Dr Coupe $200 $400 $350 $20 $106 $1,076 $90
Mustang Shelby GT500 2-Dr Convertible $222 $504 $280 $16 $84 $1,106 $92
Mustang Shelby GT500 2-Dr Coupe $244 $558 $350 $20 $106 $1,278 $107
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate quotes do not factor in zip code location which can change insurance rates substantially.

Based on these figures, using a $100 deductible would cost the average driver about $26 more each month or $312 a year than selecting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would come out ahead by going with a higher deductible. The illustration below shows an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $114
Average monthly premium for $500 deductibles (subtract): - $88
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to note is that a higher deductible level means you will have to pay more when you have a physical damage claim. You should have enough money stashed away in the event you have to pay more to get your vehicle repaired.

Full coverage or liability only

The example below illustrates the difference between Ford Mustang insurance prices with and without physical damage coverage. Data assumes no claims or driving violations, $250 deductibles, married female driver, and no other discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula for eliminating full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Ford Mustang settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are currently paying more than $400 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where only buying liability is not in your best interest. 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 your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Evansville insurance discounts for a Ford Mustang

Insurance can cost an arm and a leg, but there are discounts available that many consumers don't even know exist. A few discounts will automatically apply at quote time, but lesser-known reductions have to be manually applied in order for you to get them.Auto insurance discounts

You can save money using discounts, but many deductions do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, you're out of luck. But any discount will definitely reduce your auto insurance premiums.

Larger auto insurance companies and some of their more popular discounts are included below.

Double check with each insurance company how you can save money. Some discounts listed above may not apply to policies in Evansville. If you would like to view auto insurance companies that provide some of the discounts listed above in Indiana, click here.

When should I have guidance from an agent?

Many drivers just want to buy from a local agent and that is just fine! One of the great benefits of comparing rates online is you may find the best rates and still choose a local agent. Supporting neighborhood agents is still important in Evansville.

Evansville insurance agentsTo help locate an agent, after submitting this quick form, the quote information is submitted to participating agents in Evansville that can give you free Evansville car insurance quotes and help you find cheaper coverage. It's much easier because you don't need to contact any agents since price quotes are sent directly to you. It's the lowest rates and a licensed agent to talk to. If you have a need to quote rates from a specific company, you just need to visit that company's website to submit a rate quote request.

Listed below are agents in Evansville that are able to give price quotes for Ford Mustang insurance in Evansville.

More Evansville agents

Deciding on a insurer requires more thought than just a cheap price quote. Ask your prospective agent these questions:

How much insurance do I need?

When quoting and comparing coverage for your personal vehicles, there really is not a "perfect" insurance plan. Everyone's situation is a little different.Drive safe and save

For example, these questions could help you determine if your situation might need an agent's assistance.

If you can't answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

What Determines Ford Mustang Insurance Rates?

The best way to find cheaper car insurance is to take a look at the different types of things that are used to determine your policy premiums. When you understand what impacts premium levels, this empowers consumers to make smart changes that may reward you with better car insurance rates.

Avoid tickets and save - A bad driving record has a lot to do with how much you pay for insurance. Good drivers get better prices as compared to those with violations. Just one moving violation may cause rates to rise substantially. People who have severe tickets such as DUI, reckless driving or excessive speeding may need to prove financial responsibility with the DMV in their state in order to drive a vehicle legally.

More traffic equals higher premiums - Having an address in less populated areas may provide you with better prices when buying car insurance. Fewer drivers means less chance of accidents. People in densely populated areas tend to have traffic congestion and longer commute times. Longer commute distances means a statistically higher chance of an accident.

High comp and collision deductibles save money - Comp and collision deductibles are the amount of money you are required to spend in the event of a claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some coverage claims would be collision with another vehicle, fire damage, and damage caused by road hazards. The larger the amount you are required to pay out-of-pocket, the less money you will pay for car insurance.

Frequent claims will cost more - Auto insurance companies in Indiana give the lowest premiums to people who are not frequent claim filers. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.

Women tend to be lower risk - Over time, data shows that women are safer drivers than men. The data does not necessarily mean that females are better at driving than males. Males and females are responsible for at-fault accidents at about the same rate, but men have costlier accidents. They also get more serious tickets such as DWI and reckless driving. Youthful male drivers generally have the highest accident percentage and therefore pay the highest rates.

Use one insurance company and save - Some insurance companies provide better rates to buyers who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even with this discount applied, it's still a good idea to compare other company rates to help guarantee you have the best rates. Drivers may still save more without the discount by buying car insurance from a different company.

Prevent your car from being stolen - Owning a car with a theft deterrent system can get you a discount on your car insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder car theft and help bring rates down.

Loss statistics for a Ford Mustang - Car insurance companies analyze past claim statistics when they file their rates in each state. Vehicles that historically have higher claim amounts or frequency will have higher premium rates.

The next table illustrates the insurance loss data for Ford Mustang vehicles. For each policy coverage type, the statistical loss for all vehicles, without regard to make or model, is a value of 100. Numbers below 100 suggest a positive loss record, while values over 100 show a trend for more claims or tendency to have higher losses.

Car Insurance Loss Data for Ford Mustang Models

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
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Three good reasons to insure your vehicle

Despite the high insurance cost for a Ford Mustang in Evansville, car insurance is required in Indiana but it also protects you in many ways.

The benefits of having car insurance definitely exceed the price paid, particularly for liability claims. According to a recent study, the average American driver is wasting up to $810 a year so it's recommended you shop around at least once a year to make sure the price is not too high.

A little work can save a LOT of money

Low-cost Ford Mustang insurance in Evansville can be purchased on the web and with local Evansville insurance agents, so you need to quote Evansville car insurance with both in order to have the best chance of saving money. There are still a few companies who do not offer price quotes online and usually these small insurance companies only sell through independent agencies.

We just covered some good ideas how you can get a better price on Ford Mustang insurance in Evansville. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers may even find the biggest savings come from a company that doesn't do a lot of advertising.

When trying to cut insurance costs, make sure you don't sacrifice coverage to reduce premiums. There have been many situations where an insured cut comprehensive coverage or liability limits and found out when filing a claim they didn't purchase enough coverage. Your goal is to buy enough coverage at an affordable rate, but do not skimp to save money.

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