Paying more affordable premium rates for Ford Mustang insurance in Phoenix might be challenging for people who are beginners to quoting and comparing prices online. With so many options of insurers to choose from, it can easily be a challenge to find a cheaper company.
It’s amazing but most drivers in Arizona renewed their policy with the same company for a minimum of four years, and just short of a majority have never compared quotes from other companies. With the average insurance premium being $1,847, U.S. drivers could save roughly $859 every year by just shopping around, but they just don’t understand the amount of money they would save if they swap their current policy for a cheaper one.
It’s a great practice to compare prices periodically because insurance prices change frequently. Just because you had the lowest rates on Ford Mustang insurance in Phoenix a couple years back a different company probably has better rate quotes today. There is a lot of bad advice regarding Mustang insurance on the internet, but you can learn some tested techniques to quit paying high insurance rates in Phoenix.
Get discounts on Phoenix auto insurance
Not many people think insurance is cheap, but there’s a good chance there are discounts that you may not know about. Larger premium reductions will be automatically applied at the time of quoting, but a few must be asked about in order for you to get them. If you aren’t receiving every discount possible, you could be saving more on your auto insurance.
- Government Employee Discount – Having worked for a branch of the government may qualify for a discount when you quote Phoenix car insurance depending on your auto insurance provider.
- Pay Now and Pay Less – By paying your entire bill at once instead of making monthly payments you may have a lower total premium amount.
- Student in College – Youth drivers who live away from home to go to college and leave their car at home may qualify for this discount.
- Own a Home and Save – Just owning your own home can save you money because of the fact that having a home requires a higher level of personal finance.
- Anti-lock Brakes – Vehicles with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
- Theft Deterrent – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
It’s important to understand that most discount credits are not given to the whole policy. Most cut the price of certain insurance coverages like comprehensive or collision. Despite the appearance that all the discounts add up to a free policy, you’re out of luck.
Some of the insurance companies who might offer these money-saving discounts possibly include:
Before purchasing a policy, check with every prospective company which discounts you qualify for. Some credits may not be available in every state.
The are a couple different ways to obtain and compare prices from many different Arizona insurance companies. The simplest method to do a complete rate comparison is simply to get online rate quotes. Just remember that more quotes provides better odds of finding the best offered rates. Not every company provides Phoenix Mustang insurance quotes online, so it’s necessary to compare prices from them as well.
The car insurance companies shown below are our best choices to provide comparison quotes in Arizona. If multiple companies are shown, we suggest you visit two to three different companies to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $264 | $460 | $392 | $24 | $118 | $1,258 | $105 |
| Mustang 2-Dr Coupe | $158 | $356 | $506 | $30 | $152 | $1,202 | $100 |
| Mustang GT 2-Dr Convertible | $224 | $524 | $282 | $16 | $84 | $1,130 | $94 |
| Mustang GT 2-Dr Coupe | $250 | $650 | $424 | $26 | $126 | $1,476 | $123 |
| Mustang Shelby GT500 2-Dr Convertible | $200 | $518 | $404 | $24 | $122 | $1,268 | $106 |
| Mustang Shelby GT500 2-Dr Coupe | $308 | $864 | $424 | $26 | $126 | $1,748 | $146 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can modify premium rates significantly.
An analysis of deductible level
When shopping for auto insurance, a common question is at what level do you set your deductibles. The following insurance rates may help you to understand the premium difference when you buy lower versus higher physical damage coverage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $232 | $460 | $300 | $18 | $90 | $1,125 | $94 |
| Mustang 2-Dr Coupe | $232 | $460 | $374 | $22 | $112 | $1,225 | $102 |
| Mustang GT 2-Dr Convertible | $262 | $530 | $300 | $18 | $90 | $1,225 | $102 |
| Mustang GT 2-Dr Coupe | $262 | $530 | $374 | $22 | $112 | $1,325 | $110 |
| Mustang Shelby GT500 2-Dr Convertible | $292 | $668 | $300 | $18 | $90 | $1,393 | $116 |
| Mustang Shelby GT500 2-Dr Coupe | $322 | $738 | $374 | $22 | $112 | $1,593 | $133 |
| 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 | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price estimates do not factor in your specific Phoenix location which can revise auto insurance rates significantly.
Based on the figures above, using a $250 deductible will cost you roughly $16 more each month or $192 for a full year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go more than 16 months between claim filings, you would probably save some money by selecting a higher deductible.
Driving violations and accidents
The illustration below demonstrates how traffic citations and accidents drive up Ford Mustang insurance prices for different age groups. The rates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
What Impacts Ford Mustang Insurance Prices?
It’s important that you understand some of the things that are used to determine car insurance rates. When you understand what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to better car insurance rates.
- Car plus home equals more savings – Most larger companies allow better rates for people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even with this discount applied, it’s still a good idea to comparison shop to confirm you are receiving the best rates possible. It’s possible to still save even more by insuring with multiple companies.
- Cut premiums and deter theft – Buying a car that has an advanced theft prevention system can get you a discount on your car insurance. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft and help bring rates down.
- Safer occupants lowers premiums – Safe vehicles tend to have lower insurance rates. Safer cars have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and thus lower rates.
- Claim-free discounts can add up – Companies in Arizona give better rates to people who are claim-free. If you file claims often, you can definitely plan on much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
- More people means more accidents – Having an address in less populated areas is a positive aspect when trying to find low car insurance rates. Residents of big cities have much more traffic and longer commute times. Lower population means less chance of accidents in addition to lower liability claims
- Insurance loss statistics a Ford Mustang – Insurers analyze the history of losses to calculate a price that will offset any claims. Models that have a higher amount or frequency of claims will have a higher premium rate.
The data below shows the compiled insurance loss statistics for Ford Mustang vehicles. For each type of coverage, the loss probability for all vehicles averaged together is a value of 100. Percentage values below 100 represent a good loss history, while numbers that are greater than 100 point to more losses or an increased likelihood of larger losses.
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
Car insurance can be complex
When it comes to buying coverage online or from an agent, there really is no perfect coverage plan. Your situation is unique so your insurance needs to address that. For example, these questions may help you determine whether your personal situation would benefit from an agent’s advice.
- Should I file a claim if it’s only slightly more than my deductible?
- How much coverage applies to personal belongings?
- Am I covered if I hit my neighbor’s mailbox?
- Can I afford to pay high deductible claims out of pocket?
- What is the premium to book value ratio for dropping full coverage?
- Do I have coverage when pulling a U-Haul trailer?
- Does my insurance cover damage caused when ticketed for reckless driving?
- When can I cancel my policy?
- Which companies are cheaper for teen drivers?
If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Insurance is available from agents near you
Certain consumers would rather sit down with an agent and that is just fine! An additional benefit of getting online price quotes is the fact that you can find the best rates and still have a local agent. Buying from and supporting local insurance agents is especially important in Phoenix.
To find an agent, once you fill out this simple form, your insurance coverage information gets sent to local insurance agents in Phoenix who will return price quotes and help you find cheaper coverage. You never need to leave your computer due to the fact that quote results will go immediately to you. You can find the lowest rates without requiring a lot of work. If you want to get a price quote from a specific insurance company, you can always go to their quote page and complete a quote there.
Different types of car insurance agents in Phoenix
If you prefer to buy insurance from a good Phoenix insurance agent, it’s important to understand the types of agencies and how they function. Insurance agents are either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
Independent insurance agents are not locked into one company so they can insure your vehicles with any number of different companies and find you cheaper rates. If your premiums go up, they simply move your policy to a different company and the insured can keep the same agent.
If you are comparing insurance prices, you need to contact at a minimum one independent agency in order to compare the most rates. They also have the ability to place coverage with mutual insurance companies which can save you money.
Below is a short list of independent agencies in Phoenix that can possibly get you cheap rate quotes.
- Travelers Insurance
22601 N 19th Ave #216 – Phoenix, AZ 85027 – (623) 572-0032 – View Map - UNO Insurance Agency
3510 E Bell Rd # 2 – Phoenix, AZ 85032 – (602) 493-2300 – View Map - Independent Insurance Agents
333 E Flower St – Phoenix, AZ 85012 – (602) 956-1851 – View Map
Exclusive Insurance Agencies
Agents in the exclusive channel can only quote rates from one company like Farmers Insurance or State Farm. These agents are not able to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are well trained in insurance sales which helps them compete with independent agents. Many people buy from exclusive agents partially due to the prominent brand name rather than low rates.
Listed below is a list of exclusive agencies in Phoenix who can help you get rate quotes.
- Eric Hamilton – State Farm Insurance Agent
10265 W Camelback Rd #120 – Phoenix, AZ 85037 – (623) 848-3048 – View Map - Jan McDaniel – State Farm Insurance Agent
4030 E Bell Rd #112 – Phoenix, AZ 85032 – (602) 266-2050 – View Map - Brian Stevens – State Farm Insurance Agent
21043 N Cave Creek Rd A12 – Phoenix, AZ 85024 – (602) 569-6600 – View Map
Finding the right insurance agent requires more thought than just the premium amount. Here are some questions to ask:
- Do the coverages you’re quoting properly cover your vehicle?
- Does their agency support local causes in Phoenix?
- Do they have 24-hour customer assistance?
- Do they assist clients in filing claims?
- Will the quote change when the policy is issued?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
Upon receiving good responses for all questions you ask as well as offering an affordable quote, you’ve probably found an auto insurance agent that can be trusted to properly insure your vehicles.
Buying the right Ford Mustang insurance in Arizona is an important decision
Despite the high cost of buying insurance for a Ford Mustang in Phoenix, insurance may be required for several reasons.
- Most states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability if you want to drive legally. 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.
- If you have a lien on your Ford, it’s most likely the lender will force you to buy insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Ford at a significantly higher premium and require you to fork over a much higher amount than you were paying before.
- Insurance safeguards both your assets and your car. It will also reimburse you for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance are without a doubt worth the cost, especially for larger claims. Today the average American driver is wasting up to $800 each year so you should quote your policy with other companies at every policy renewal to ensure rates are competitive.
In conclusion
More affordable car insurance in Phoenix is attainable online and from local agencies, so you need to quote Phoenix car insurance with both to have the best rate selection. Some car insurance companies do not provide rate quotes online and many times these smaller providers work with independent insurance agencies.
When you buy Phoenix car insurance online, do not skimp on critical coverages to save a buck or two. In many instances, drivers have reduced full coverage to discover at claim time that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at an affordable rate.
More information
- Distracted Driving (Insurance Information Institute)
- How Much are Car Insurance Rates for a Chevrolet Equinox in Phoenix? (FAQ)
- Who Has Affordable Phoenix Car Insurance Rates for a Toyota RAV4? (FAQ)
- What Insurance is Cheapest for Inexperienced Drivers in Phoenix? (FAQ)
- What Car Insurance is Cheapest for Drivers Over Age 50 in Phoenix? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Nissan Altima in Phoenix? (FAQ)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Airbag FAQ (iihs.org)
- Get the Right Protection (InsureUonline.org)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)