Are you researching lower-priced car insurance rates in Chandler, AZ? Chandler drivers have a choice when trying to find affordable Ford Mustang insurance. You can either spend your time driving around to get rate comparisons or use the internet to get rate quotes.
There is a better way to shop for car insurance and you need to know the absolute fastest way to compare rates for a Ford and find the lowest possible price from Chandler insurance agents and online providers.
The quickest method we recommend to get policy rate comparisons for Ford Mustang insurance in Chandler is to know the fact almost all companies pay for the opportunity to provide you with free rate quotes. To begin a comparison, all you need to do is give them some information including level of coverage desired, the year, make and model of vehicles, daily mileage, and whether you are single or married. Your information is instantly sent to multiple different insurance companies and they return quotes immediately.
To get price quotes for your Ford Mustang now, click here and find out if lower rates are available in Chandler.
The companies shown below can provide comparison quotes in Chandler, AZ. If you want to find the best auto insurance in AZ, we recommend you get prices from several of them in order to get a fair rate comparison.
Auto insurance analysis for a Ford Mustang
The coverage table displayed below highlights a range of coverage costs for Ford Mustang models. Being more informed about how insurance prices are figured can assist in making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $146 | $316 | $288 | $18 | $86 | $854 | $71 |
| Mustang 2-Dr Coupe | $146 | $316 | $360 | $22 | $108 | $952 | $79 |
| Mustang GT 2-Dr Convertible | $166 | $362 | $288 | $18 | $86 | $920 | $77 |
| Mustang GT 2-Dr Coupe | $166 | $362 | $360 | $22 | $108 | $1,018 | $85 |
| Mustang Shelby GT500 2-Dr Convertible | $184 | $458 | $288 | $18 | $86 | $1,034 | $86 |
| Mustang Shelby GT500 2-Dr Coupe | $204 | $506 | $360 | $22 | $108 | $1,200 | $100 |
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in specific location which can influence coverage prices substantially.
Analysis of deductible levels
One common question asked by Chandler drivers is how high should the physical damage deductibles be. The tables below illustrate the differences in price between low and high comp and collision deductibles. The first data set uses a $250 deductible for physical damage and the second price grid 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 |
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| 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 | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price estimates do not factor in zip code location which can lower or raise prices noticeably.
Using the data above, we can ascertain that using a $250 deductible will cost you roughly $16 more each month or $192 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 16 months between claims, you would probably be better off by going with a higher deductible.
Tickets and at-fault accidents raise rates
The illustration below shows how speeding tickets and fender-benders drive up Ford Mustang car insurance rates for different age categories. The costs are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
Ford Mustang liability rates compared to full coverage
The example below visualizes the comparison of Ford Mustang insurance premiums with and without physical damage coverage. The rate quotes are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are factored in.
Should you be buying full coverage?
There is no set rule that is best for determining when to drop full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Ford Mustang replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your deductible. If it’s costing in excess of $300 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some circumstances where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not buy liability only.
Best reasons to buy car insurance in Arizona
Even though it’s not necessarily cheap to insure a Ford in Chandler, insurance is a good idea for several reasons.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance in order to drive the car. 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 Mustang, most banks will make it mandatory that you buy insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Ford at a much higher premium rate and make you pay the higher price.
- Insurance protects your car and your assets. It will also reimburse you for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of an accident. If your Ford gets damaged, your policy will pay to have it repaired.
The benefits of insuring your car greatly outweigh the cost, especially if you ever need it. Despite what companies tell you, the average driver overpays more than $830 a year so it’s important to compare rates at least once a year to ensure rates are inline.
You may need specialized insurance coverage
When buying insurance from an agent or online for your personal vehicles, there really is not a one size fits all plan. Your financial needs are unique.
Here are some questions about coverages that could help you determine whether or not you could use an agent’s help.
- Should I buy only the required Arizona minimum liability coverage?
- Is extra glass coverage worth it?
- Am I covered if I hit someone who is not insured?
- Does rental coverage apply when I am renting a car?
- Can good grades get a discount?
- What states are considered no-fault?
- Am I missing any policy discounts?
- How long can I keep a teen driver on my policy?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and you can get the answers you need.
Parts of your insurance policy
Knowing the specifics of a insurance policy can be of help when determining the right coverages for your vehicles. Insurance terms can be difficult to understand and reading a policy is terribly boring.
Auto collision coverage
This covers damage to your Mustang caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as backing into a parked car, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible on your Mustang to bring the cost down.
Comprehensive coverages
This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as rock chips in glass, vandalism, fire damage and hitting a bird. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Uninsured and underinsured coverage
This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many Arizona drivers carry very low liability coverage limits (Arizona limits are 15/30/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.
Coverage for liability
Liability insurance will cover damage that occurs to a person or their property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 15/30/10 that translate to a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and $10,000 of coverage for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims like loss of income, pain and suffering, bail bonds, repair costs for stationary objects and medical expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford. Arizona requires minimum liability limits of 15/30/10 but drivers should carry better liability coverage.
The chart below demonstrates why low liability limits may not be adequate coverage.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance pay for bills for things like chiropractic care, ambulance fees, pain medications and funeral costs. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
How much can you save?
As you quote Chandler car insurance, make sure you don’t buy less coverage just to save a little money. There are many occasions where someone sacrificed uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase plenty of coverage at an affordable rate, but don’t skip important coverages to save money.
In this article, we presented some good ideas how you can get a better price on Ford Mustang insurance in Chandler. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Drivers may even discover the biggest savings come from the least-expected company.
Drivers change insurance companies for many reasons like questionable increases in premium, denial of a claim, policy cancellation and even not issuing a premium refund. It doesn’t matter why you want to switch choosing a new company is actually quite simple.
Steps to finding lower priced Ford Mustang insurance in Chandler
It takes a little time, but the best way to find more affordable Ford Mustang insurance in Chandler is to make a habit of comparing prices annually from providers who provide car insurance in Arizona.
- Read about the coverage provided by your policy and the factors you can control to lower rates. Many things that cause rate increases such as traffic violations, accidents, and a less-than-favorable credit history can be rectified by making small lifestyle or driving habit changes.
- Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
- Compare the quotes to your existing coverage and determine if cheaper Mustang coverage is available. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
- Give notification to your agent or company of your intent to cancel your current policy and submit payment and a signed application for your new coverage. As soon as you can, keep your new proof of insurance certificate in your vehicle’s glove compartment or console.
A tip to remember is to use the same level of coverage on every quote request and and to get prices from as many companies as you can. Doing this ensures the most accurate price comparison and plenty of rates choose from.
Additional resources
- Understanding your Policy (NAIC.org)
- How Much is Chandler Auto Insurance for 17 Year Olds? (FAQ)
- What Auto Insurance is Cheapest for Drivers Requiring a SR22 in Chandler? (FAQ)
- Who Has the Cheapest Car Insurance for 4×4 Vehicles in Chandler? (FAQ)
- What Car Insurance is Cheapest for a Dodge Ram in Chandler? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Coverage Information (Progressive Insurance)
- Things to Know Before you Cancel Insurance (Allstate)