Insurance rates Ford Mustang in IndianapolisWant to save money and find more affordable Ford Mustang insurance in Indianapolis? Pricey insurance in Indianapolis can deplete your funds and force you to cut corners elsewhere. Shopping your coverage around is a fast and free way to tighten up your finances.

Statistics show that the vast majority of insurance customers kept their coverage with the same insurance company for at least four years, and practically 40% of insurance customers have never shopped around. Indiana drivers can cut their rates by nearly 55% a year, but they don't understand how simple it is to shop around.

Numerous car insurance companies battle for your business, so it can be very hard to choose a provider to find the lowest rate possible on Ford Mustang insurance in Indianapolis.

Consumers should take time to compare prices as often as possible because insurance prices change quite often. Even if you think you had the best rates on Ford Mustang insurance in Indianapolis a year ago you can probably find a better rate quote now. There are a lot of ways to save on Mustang insurance out there, but we're going to give you the best ways to lower your insurance rates in Indianapolis.

If you already have coverage, you will surely be able to save money using the techniques presented in this article. Buying the cheapest auto insurance in Indianapolis is really not that difficult. But Indiana consumers do need to learn how companies determine how much to charge because it varies considerably.

First Step: Get free Ford Mustang insurance quotes

Most of the larger companies like 21st Century, Allstate and State Farm provide coverage prices online. Doing online price comparisons for Ford Mustang insurance in Indianapolis can be done by anyone as you simply enter your coverage preferences as requested by the quote form. Upon sending the form, their quoting system obtains information on your driving record and credit history and returns a price quote based on the data you entered. Being able to quote online for Ford Mustang insurance in Indianapolis makes comparing rates easy, and it is important to have as many quotes as possible if you are searching for a better rate.

To save time and find out what other companies charge, compare rate quotes from the providers shown below. If you have a policy now, it's recommended you enter the coverage information exactly as shown on your declarations page. This helps ensure you will receive an apples-to-apples comparison based on the exact same insurance coverage.

The providers in the list below provide quotes in Indianapolis, IN. If multiple providers are shown, it's highly recommended you compare several of them in order to get a fair rate comparison.

Ford Mustang Insurance Costs in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $212 $496 $340 $20 $102 $1,170 $98
Mustang 2-Dr Coupe $116 $266 $396 $24 $118 $920 $77
Mustang GT 2-Dr Convertible $210 $486 $294 $18 $88 $1,096 $91
Mustang GT 2-Dr Coupe $172 $412 $396 $24 $118 $1,122 $94
Mustang Shelby GT500 2-Dr Convertible $168 $394 $280 $16 $84 $942 $79
Mustang Shelby GT500 2-Dr Coupe $232 $574 $330 $20 $98 $1,254 $105
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can affect coverage prices significantly.

Accidents and violations increase rates

The example below shows how traffic citations and at-fault collisions impact Ford Mustang premium costs for different categories of driver ages. The price estimates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Where to set your deductibles

When comparing car insurance rates, the most common question is what deductibles to buy. The following insurance rates summarize the differences in premium rates between high and low physical damage deductibles. The first rate estimation uses a $250 deductible and the second rate chart uses a $1,000 deductible.

Ford Mustang insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $216 $430 $280 $16 $84 $1,051 $88
Mustang 2-Dr Coupe $216 $430 $350 $20 $106 $1,147 $96
Mustang GT 2-Dr Convertible $244 $496 $280 $16 $84 $1,145 $95
Mustang GT 2-Dr Coupe $244 $496 $350 $20 $106 $1,241 $103
Mustang Shelby GT500 2-Dr Convertible $272 $626 $280 $16 $84 $1,303 $109
Mustang Shelby GT500 2-Dr Coupe $300 $692 $350 $20 $106 $1,493 $124
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Ford Mustang insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $134 $270 $280 $16 $84 $784 $65
Mustang 2-Dr Coupe $134 $270 $350 $20 $106 $880 $73
Mustang GT 2-Dr Convertible $152 $312 $280 $16 $84 $844 $70
Mustang GT 2-Dr Coupe $152 $312 $350 $20 $106 $940 $78
Mustang Shelby GT500 2-Dr Convertible $168 $394 $280 $16 $84 $942 $79
Mustang Shelby GT500 2-Dr Coupe $186 $434 $350 $20 $106 $1,096 $91
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in zip code location which can impact insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $27 more each month or $324 for a full year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 28 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Price comparison of only insuring for liability

The illustration below visualizes the comparison of Ford Mustang insurance costs with liability coverage only compared to full coverage. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, married female driver, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no definitive formula that is best for determining when to drop full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Ford Mustang book value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after paying the physical damage deductible. If premium cost is more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.

There are a few cases where dropping full coverage is not recommended. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

These discounts can lower your auto insurance rates

Auto insurance can be pricey, but you can get discounts that may help make it more affordable. Some of these discounts will be visible at the time of purchase, but some must be asked about before being credited. If you don't get every credit you qualify for, you could be getting lower rates.Save money with discounts

Discounts save money, but please remember that most discounts do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, it doesn't quite work that way.

Insurance companies that may include most of these discounts include:

When getting free Indianapolis car insurance quotes, it's a good idea to every insurance company how many discounts you can get. Some of the discounts discussed earlier may not apply everywhere. If you would like to see a list of companies that can offer you the previously mentioned discounts in Indiana, click here to view.

How Insurance Companies Calculate Ford Mustang Insurance Rates

An important part of buying insurance is that you know some of the things that come into play when calculating your auto insurance rates. If you understand what determines base rates, this helps enable you to make changes that will entitle you to cheaper rates. Lots of things are part of the equation when you quote your car insurance policy. Some are pretty understandable such as your driving record, although others are not as apparent such as your credit history and annual miles driven.

Tickets cost more than a fine - Drivers who don't get tickets get better rates as compared to those with violations. Just one moving violation can bump up the cost forty percent or more. Drivers who have gotten license-revoking violations such as hit and run, DWI or reckless driving convictions may need to file a SR-22 with their state's licensing department in order to continue driving.

More people means more accidents - Living in less populated areas may provide you with better prices when trying to find low car insurance rates. Less people living in that area translates into fewer accident claims and also fewer theft and vandalism claims. City drivers have more aggressive driving styles and longer commutes to work. Longer commute distances translates into higher accident risk.

Gender as a rate factor - Over time, data shows that females tend to be a little less risky than males. Now that doesn't mean men are worse drivers. Both genders get in accidents in similar percentages, but the males have costlier accidents. Men also statistically get ticketed for serious violations like DUI and reckless driving.

High performance vehicles cost more to insure - The type of car, truck or SUV you are insuring makes a big difference in your premium level. The lowest premiums are usually for small economy passenger cars, but many other things help determine your insurance rates. Due to the fact that the Ford Mustang falls in the sports car class, insurance will be much more when compared to the average rates in Indianapolis.

Ford Mustang statistical loss data - Auto insurance companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium rate. Models that have a trend towards higher claims will have a higher premium rate. The information below illustrates the insurance loss data for Ford Mustang vehicles.

For each coverage type, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Values that are under 100 suggest losses that are better than average, while values that are above 100 indicate more frequent claims or tendancy to have larger claims.

Ford Mustang Insurance Loss Statistics

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 from for 2013-2015 Model Years

Local Indianapolis insurance agents

A lot of people would prefer to sit down with an agent and that is OK! A good thing about price shopping on the web is that drivers can save money and get cheap car insurance quotes but also keep your business local.

Insurance agents in IndianapolisTo help locate an agent, after submitting this short form, your insurance coverage information is transmitted to participating agents in Indianapolis that provide free Indianapolis car insurance quotes for your coverage. You never need to even leave your home because prices are sent directly to your email. You can find lower rates and work with a local agent. In the event you want to compare prices from a specific car insurance provider, feel free to jump over to their website to submit a rate quote request.

Picking the best provider should include more criteria than just a cheap price quote. Any agent in Indianapolis should be willing to answer these questions.

Listed below is a list of car insurance companies in Indianapolis that may be willing to give price quotes for Ford Mustang insurance in Indianapolis.

5685 Lafayette Rd #700 - Indianapolis, IN 46254 - (317) 387-9182 - View Map

Frances Johnson - State Farm Insurance Agent
5707 N Michigan Rd - Indianapolis, IN 46228 - (317) 257-3504 - View Map

9801 Fall Creek Rd #156 - Indianapolis, IN 46256 - (317) 476-6141 - View Map

6329 Hollister Dr - Indianapolis, IN 46224 - (317) 298-7500 - View Map

More Indianapolis agents

After you get good feedback to all your questions as well as the cheapest Ford Mustang insurance in Indianapolis quotes, most likely you have located a company that can be relied on to adequately provide car insurance. Just keep in mind you can always terminate coverage whenever you wish so never feel that you are permanently stuck with a policy for the full policy term.

Drivers who switch save $491 a year? Really?

Car insurance providers like 21st Century, Allstate and State Farm seem to constantly run television and radio advertisements. They all try to convey promises that people will save after switching to their company. How does every company charge you less for auto insurance? It's all in the numbers.

Different companies can use profiling for the type of insured that earns them a profit. For instance, a profitable risk profile could be between 30 and 50, owns a home, and drives a safe vehicle. Any customer that hits that "sweet spot" receive the lowest rate quotes in Indianapolis and will most likely pay quite a bit less when switching companies.

People who may not quite match the ideal profile will be quoted more expensive rates and the customer not buying. If you pay attention, the ads say "drivers that switch" but not "everyone who gets a quote" can save as much as they claim. That is how insurance companies can advertise the savings. Each company has different criteria, so you should compare quotes as often as possible. It is impossible to guess the company that will fit your personal profile best.

You can find cheap coverage

When shopping online for insurance, you should never reduce needed coverages to save money. In too many instances, drivers have reduced liability limits or collision coverage and found out when filing a claim they didn't purchase enough coverage. Your aim should be to purchase a proper amount of coverage for the lowest price, but don't skip important coverages to save money.

Some insurance providers may not have online quoting and usually these smaller providers only sell through local independent agents. Cheap Ford Mustang insurance in Indianapolis can be bought both online as well as from independent agents in Indianapolis, so you should compare both to have the best selection.

We just presented quite a bit of information on how to reduce Ford Mustang insurance prices online in Indianapolis. The key thing to remember is the more quotes you get, the better chance you'll have of finding affordable Ford Mustang insurance quotes. You may even discover the best price on insurance is with a smaller regional carrier. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like Allstate, GEICO and Progressive.

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