No car owner likes buying auto insurance, especially when they are aware that the price is too high.

Discount Ford Mustang insuranceStatistics show that almost 70% of insureds in Nevada have stayed with the same insurance company for more than four years, and practically 40% of auto insurance customers have never compared quotes from other companies. The average driver in America could save about 46.5% a year by just shopping around, but they think it's difficult to compare other rate quotes.

Big companies like Allstate, Progressive and GEICO promote their brand names with TV and radio ads and it is challenging if not impossible to see past the corporate glitz and take the time to shop coverage around.

If you currently have a car insurance policy, you should be able to get lower rates using the concepts covered in this article. Buying affordable insurance in Las Vegas is quite easy. But Nevada vehicle owners must understand the methods companies use to calculate your policy premium and use it to your advantage.

There are several ways of comparing price quotes from lots of Nevada car insurance companies. The best method to find the lowest Ford Mustang rates is to get quotes online.

It's so simple to compare car insurance quotes online makes it a waste of time to waste gas driving to each insurance agency near you. Quoting and buying Ford Mustang insurance online has reduced the need for local agents unless you have a need for the extra assistance of a local Las Vegas agent. If you prefer, some companies allow you to obtain prices from the web but buy from a local insurance agent. When price shopping your coverage, comparing all the rates in your area helps locate a better price. Some regional insurers cannot provide Las Vegas Mustang insurance quotes online, so it's necessary to compare price estimates from the smaller companies as well.

The companies in the list below offer free quotes in Las Vegas, NV. If several companies are displayed, it's highly recommended you visit several of them to find the cheapest auto insurance rates.

Ford Mustang Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $204 $486 $348 $20 $104 $1,162 $97
Mustang 2-Dr Coupe $176 $350 $396 $24 $118 $1,064 $89
Mustang GT 2-Dr Convertible $152 $314 $318 $18 $96 $898 $75
Mustang GT 2-Dr Coupe $184 $422 $520 $30 $156 $1,312 $109
Mustang Shelby GT500 2-Dr Convertible $184 $432 $308 $18 $92 $1,034 $86
Mustang Shelby GT500 2-Dr Coupe $206 $508 $362 $22 $108 $1,206 $101
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price information does not factor in specific location which can increase or decrease prices greatly.

Rate increases following a ticket or accident

The diagram below illustrates how speeding tickets and accident claims can impact Ford Mustang auto insurance rates for different age groups. The information is based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Physical damage deductible comparison

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The following tables show how much more rates are when you buy lower versus higher insurance deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second rate table 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 $238 $472 $308 $18 $92 $1,153 $96
Mustang 2-Dr Coupe $238 $472 $386 $22 $116 $1,259 $105
Mustang GT 2-Dr Convertible $268 $544 $308 $18 $92 $1,255 $105
Mustang GT 2-Dr Coupe $268 $544 $386 $22 $116 $1,361 $113
Mustang Shelby GT500 2-Dr Convertible $300 $688 $308 $18 $92 $1,431 $119
Mustang Shelby GT500 2-Dr Coupe $330 $758 $386 $22 $116 $1,637 $136
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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 $148 $298 $308 $18 $92 $864 $72
Mustang 2-Dr Coupe $148 $298 $386 $22 $116 $970 $81
Mustang GT 2-Dr Convertible $166 $342 $308 $18 $92 $926 $77
Mustang GT 2-Dr Coupe $166 $342 $386 $22 $116 $1,032 $86
Mustang Shelby GT500 2-Dr Convertible $184 $432 $308 $18 $92 $1,034 $86
Mustang Shelby GT500 2-Dr Coupe $204 $478 $386 $22 $116 $1,206 $101
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Information does not factor in Las Vegas location which can affect premiums significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $28 more each month or $336 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 27 months between claim filings, you would probably save some money if you elect the higher deductible. Below is an example of how we made this calculation.

Average monthly premium for $250 deductibles: $112
Average monthly premium for $1,000 deductibles (subtract): - $84
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

Rate comparison of full coverage and liability-only

The illustration below visualizes the comparison of Ford Mustang yearly insurance costs with full coverage and liability only. The rates are based on a clean driving record, no claims, $500 deductibles, married female driver, and no discounts are factored in.

Should you be buying full coverage?

There is no definitive formula for eliminating physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's pretend your Ford Mustang replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are paying more than $200 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where only buying liability is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

Get cheap Ford Mustang insurance in Las Vegas with discounts

Not too many consumers would say car insurance is affordable, but there may be some discounts that could drop your premiums quite a bit. Most are applied at quote time, but a few must be specially asked for prior to getting the savings. If you aren't receiving every discount you deserve, you could be getting lower rates.Save money with discounts

You should keep in mind that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears all the discounts add up to a free policy, companies wouldn't make money that way.

Companies that may offer policyholders many of the previously listed discounts are:

If you want cheaper Las Vegas auto insurance quotes, ask every company what discounts are available to you. All car insurance discounts might not be available to policyholders everywhere. For a list of insurers with significant discounts in Nevada, click here.

Insurance agencies can find coverage gaps

Many drivers still prefer to buy from a local agent and that is just fine! One of the best bonuses of comparing car insurance online is the fact that drivers can get lower rates but still work with a licensed agent.

Find insurance agent in Las VegasBy using this form (opens in new window), the coverage information is instantly submitted to insurance agents in Las Vegas that can give you free Las Vegas auto insurance quotes for your business. It simplifies rate comparisons since you won't have to even leave your home since price quotes are sent immediately to your email address. Get lower rates and a licensed agent to work with. If you want to quote rates from one company in particular, you can always navigate to their website and fill out the quote form the provide.

Selecting an company requires you to look at more than just the premium amount. These questions are important to ask:

Which is the best auto insurance?

When it comes to buying adequate coverage for your vehicles, there really is no single plan that fits everyone. Your needs are unique to you and your auto insurance should be unique as well.Safe vehicles cost less to insure These are some specific questions may help you determine whether or not you could use an agent's help.

If you can't answer these questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Reduce Insurance Rates with These Tips

Many factors are used when pricing auto insurance. Some factors are common sense such as traffic violations, although some other factors are more transparent such as your credit history or how safe your car is. Consumers need to have an understanding of some of the things that aid in calculating auto insurance rates. When consumers understand what determines base rates, this helps enable you to make changes that may reward you with much lower annual insurance costs.

The factors shown below are most of the major factors auto insurance companies consider when setting your premiums.

Why you need to buy car insurance

Even though it's not necessarily cheap to insure a Ford in Las Vegas, insuring your vehicle may be required and benefits you in several ways.

First, the majority of states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability in order to be legal. In Nevada 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.

Second, if your Ford Mustang has a loan, more than likely the lender will require you to buy insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may buy a policy for your Ford at a significantly higher premium and force you to pay for it.

Third, car insurance preserves your Ford and your assets. It will also provide coverage for medical bills incurred in an accident. Liability insurance will also pay for a defense attorney if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of carrying enough insurance are definitely more than the cost, especially with large liability claims. On average, a vehicle owner in Las Vegas is overpaying over $869 every year so you should quote your policy with other companies once a year at a minimum to be sure current rates are still competitive.

You can lower your insurance rates

In this article, we presented a lot of tips how to save on Ford Mustang insurance in Las Vegas. The key concept to understand is the more providers you compare, the better likelihood of getting affordable Las Vegas auto insurance quotes. You may even find the best price on insurance is with the smaller companies. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or GEICO.

More affordable insurance in Las Vegas is definitely available online in addition to many Las Vegas insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers may not have rate quotes online and these small, regional companies only sell through independent insurance agents.

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