Insurance quote for Ford Mustang in Colorado SpringsWant to learn how to save money and find more competitive Ford Mustang insurance in Colorado Springs? Being forced to pay for high-priced auto insurance premiums can dwindle your personal savings and force you to prioritize other expenses. Price shopping at each renewal can save money and help to ensure you are getting the best deal.

A recent NerdWallet.com study revealed that over 70% of drivers have purchased from the same company for four years or more, and just short of a majority have never taken the time to shop around. Many drivers in Colorado could save an average of $600 each year by just comparing quotes, but they won't spend time to go online and compare rates. Popular companies such as State Farm and GEICO all claim big savings with catchy ads and it can be hard to ignore the flashy ads and find the best price available.

Cheap companies for Ford Mustang insurance in Colorado

The providers in the list below have been selected to offer free quotes in Colorado. If the list has multiple companies, we recommend you get prices from several of them to get the most affordable price.

Ford Mustang Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $310 $538 $460 $28 $138 $1,474 $123
Mustang 2-Dr Coupe $290 $726 $570 $34 $170 $1,790 $149
Mustang GT 2-Dr Convertible $162 $402 $396 $24 $118 $1,102 $92
Mustang GT 2-Dr Coupe $148 $332 $422 $24 $126 $1,052 $88
Mustang Shelby GT500 2-Dr Convertible $294 $806 $396 $24 $118 $1,638 $137
Mustang Shelby GT500 2-Dr Coupe $418 $1064 $592 $36 $178 $2,288 $191
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Information does not factor in your specific Colorado Springs location which can raise or lower prices greatly.

Higher deductibles save money

One common question asked by Colorado Springs drivers is how low should you set your deductibles. The comparison tables below outline how much more you'll pay when you select higher and lower insurance deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Ford Mustang insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $272 $538 $352 $20 $106 $1,313 $109
Mustang 2-Dr Coupe $272 $538 $440 $26 $132 $1,433 $119
Mustang GT 2-Dr Convertible $306 $620 $352 $20 $106 $1,429 $119
Mustang GT 2-Dr Coupe $306 $620 $440 $26 $132 $1,549 $129
Mustang Shelby GT500 2-Dr Convertible $342 $784 $352 $20 $106 $1,629 $136
Mustang Shelby GT500 2-Dr Coupe $376 $866 $440 $26 $132 $1,865 $155
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Ford Mustang insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $168 $340 $352 $20 $106 $986 $82
Mustang 2-Dr Coupe $168 $340 $440 $26 $132 $1,106 $92
Mustang GT 2-Dr Convertible $190 $390 $352 $20 $106 $1,058 $88
Mustang GT 2-Dr Coupe $190 $390 $440 $26 $132 $1,178 $98
Mustang Shelby GT500 2-Dr Convertible $210 $492 $352 $20 $106 $1,180 $98
Mustang Shelby GT500 2-Dr Coupe $232 $544 $440 $26 $132 $1,374 $115
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in specific location information which can increase or decrease insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $32 more each month or $384 for a full year than choosing the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 23 months between claims, you would save money if you opt for a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $128
Average monthly premium for $1,000 deductibles (subtract): - $96
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

An important thing to remember is that raising deductibles means you will have to pay more of your own money if you have a claim. You must have enough money in the bank in the event you have to pay the deductible to have repairs made.

Ford Mustang insurance discounts in Colorado Springs

Car insurance is not cheap nor is it fun to buy but you can get discounts to help offset the cost. A few discounts will be applied at quote time, but once in a while a discount must be asked for prior to getting the savings.Discount car insurance

You can save money using discounts, but some credits don't apply to all coverage premiums. Most only reduce the price of certain insurance coverages like medical payments or collision. Despite the appearance that you could get a free car insurance policy, companies don't profit that way.

Larger car insurance companies and some of the premium reductions they offer are:

If you need affordable Ford Mustang insurance quotes, ask all the companies which discounts they offer. Some discounts listed above might not apply in every state.

Buying from auto insurance agents

A small number of people prefer to sit down with an agent and that is just fine! Good insurance agents will help you protect your assets and help you file claims. One of the best bonuses of price shopping on the web is the fact that drivers can get cheaper premium rates but still work with a licensed agent.

After completing this quick form, your coverage information is sent to participating agents in Colorado Springs that provide free Colorado Springs auto insurance quotes for your coverage. You won't need to search for an agent since rate quotes are delivered immediately to your email address. If you want to get a comparison quote from a particular provider, you would need to search and find their rate quote page and submit a quote form there.

Picking an provider requires you to look at more than just the quoted price. A good agent in Colorado Springs will have answers to these questions.

Your car insurance coverage should be tailored to you

Always remember that when buying your policy, there is no one-size-fits-all type of policy. Every insured's situation is different so your insurance should reflect thatDrive safe and save For instance, these questions might help in determining whether you would benefit from an agent's advice.

If you're not sure about those questions, you may need to chat with 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. It's fast, free and can provide invaluable advice.

Specifics of your auto insurance policy

Understanding the coverages of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages offered by auto insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage - This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Ford Mustang.

Due to the fact that many Colorado drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical payments and PIP coverage - Med pay and PIP coverage provide coverage for bills like nursing services, rehabilitation expenses and pain medications. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive auto coverage - Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, hitting a bird, fire damage, a broken windshield and hitting a deer. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision - This coverage covers damage to your Mustang resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, driving through your garage door and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible on your Mustang in order to get cheaper collision rates.

Liability - This protects you from damage that occurs to a person or their property in an accident. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/15 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $15,000 of coverage for damaged propery.

Liability can pay for things like medical services, emergency aid, court costs and pain and suffering. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible. Colorado state minimum liability requirements are 25/50/15 but it's recommended drivers buy better liability coverage.

Persistent drivers can save

While you're price shopping online, never buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced collision coverage only to find out that they should have had better coverage. The goal is to get the best coverage possible at the best cost, but do not skimp to save money.

The cheapest Ford Mustang insurance in Colorado Springs can be found online in addition to many Colorado Springs insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance companies don't offer the ability to get a quote online and these regional carriers provide coverage only through local independent agents.

We just covered quite a bit of information on how to get a better price on Ford Mustang insurance in Colorado Springs. The key thing to remember is the more times you quote, the better likelihood of getting affordable Colorado Springs auto insurance quotes. Consumers could even find that the best car insurance rates are with a company that doesn't do a lot of advertising. These companies may only write in your state and offer lower premium rates as compared to the big name companies such as Allstate, GEICO and Progressive.

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