Do you want a faster way to compare the cheapest insurance rates in Henderson, NV? Henderson shoppers have a choice when shopping for the lowest priced Ford Mustang insurance. You can either spend your time calling around to get rate comparisons or use the internet to get rate quotes. There are both good and bad ways to buy insurance and we'll show you the proper way to price shop coverage for a Ford and find the lowest possible price either online or from Henderson insurance agents.
If you already have coverage or just want to save money, you can learn to save money while maintaining coverages. This article's goal is to instruct you on how auto insurance companies operate and how you can save the most money. Smart buyers only have to learn the most efficient way to compare different rates over the internet.
Lowering your Ford Mustang car insurance rates is a great way to save money. Consumers just need to take a few minutes comparing rate quotes online from several insurance companies.
The companies in the list below are our best choices to provide quotes in Henderson, NV. If the list has multiple companies, it's highly recommended you visit as many as you can to get the most affordable price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Mustang 2-Dr Convertible||$164||$366||$416||$24||$124||$1,094||$91|
|Mustang 2-Dr Coupe||$126||$306||$436||$26||$130||$1,024||$85|
|Mustang GT 2-Dr Convertible||$288||$734||$400||$24||$120||$1,566||$131|
|Mustang GT 2-Dr Coupe||$210||$496||$500||$30||$150||$1,386||$116|
|Mustang Shelby GT500 2-Dr Convertible||$332||$846||$416||$24||$124||$1,742||$145|
|Mustang Shelby GT500 2-Dr Coupe||$408||$1114||$520||$30||$156||$2,228||$186|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in specific Henderson garaging location which can influence coverage prices considerably.
Rate difference between full and liability-only coverage
The illustration below visualizes the comparison of Ford Mustang insurance costs with and without full coverage. The premiums assume no claims or driving citations, $1,000 deductibles, single male driver, and no discounts are applied.
When to stop buying full coverage
There is no definitive rule to delete full coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's assume your Ford Mustang replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after paying your policy deductible. If you are paying more than $600 a year to have full coverage, then you may want to consider only buying liability coverage.
There are some cases where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Raise deductibles and save
The diagram below illustrates how your choice of deductibles and can change Ford Mustang insurance costs for different age groups. The premium estimates are based on a single female driver, comp and collision included, and no discounts are applied.
Take advantage of these eight discounts on Ford Mustang insurance in Henderson
Some providers don't always publicize all available discounts in an easy-to-find place, so below is a list both the well known and the more hidden credits that you can use to lower your rates. If you are not receiving all the discounts possible, it's possible you qualify for a lower rate.
- Discount for Home Ownership - Owning a home in Henderson can earn you a little savings due to the fact that maintaining a home requires personal responsibility.
- Smart Student Discounts - This discount can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
- Employee of Federal Government - Having worked for a branch of the government can earn a discount up to 10% but check with your company.
- Seat Belt Discounts - Drivers who require all occupants to buckle their seat belts may be able to save a few bucks on medical payment and PIP coverage.
- Driver Training Discounts - Taking time to complete a driver safety class is a good idea and can lower rates if you qualify.
- Discounts for New Vehicles - Buying coverage on a new vehicle can be considerably cheaper since new vehicles have better safety ratings.
- Fewer Miles Equal More Savings - Fewer annual miles on your Ford could earn lower prices on the low mileage vehicles.
- Distant College Student Discount - College-age children who live away from home at college and do not have access to a covered vehicle could get you a discount.
A quick disclaimer, most of the big mark downs will not be given to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, you aren't that lucky.
A list of companies and their possible discounts include:
- State Farm may include discounts for defensive driving training, student away at school, accident-free, Steer Clear safe driver discount, Drive Safe & Save, and safe vehicle.
- American Family includes discounts for good driver, bundled insurance, mySafetyValet, defensive driver, and multi-vehicle.
- AAA may offer discounts for education and occupation, multi-car, pay-in-full, multi-policy, good student, AAA membership discount, and good driver.
- GEICO offers discounts including five-year accident-free, daytime running lights, military active duty, federal employee, and air bags.
- Mercury Insurance may have discounts that include anti-theft, annual mileage, location of vehicle, age of vehicle, and professional/association.
- Farmers Insurance offers premium reductions for switch companies, good student, teen driver, distant student, pay in full, electronic funds transfer, and homeowner.
- Progressive discounts include continuous coverage, online quote discount, homeowner, good student, multi-policy, multi-vehicle, and online signing.
Before purchasing a policy, check with every company which discounts you qualify for. A few discounts might not apply in Henderson. To see a list of insurers offering auto insurance discounts in Henderson, click here.
Insurance just makes sense
Despite the high cost of buying insurance for a Ford Mustang in Henderson, buying insurance is mandatory in Nevada but it also protects more than you think.
First, just about all states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability protection if you drive a vehicle. 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 vehicle has a loan, more than likely the lender will require you to have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you let the policy lapse, the bank or lender will purchase a policy for your Ford at an extremely high rate and force you to pay the higher price.
Third, insurance preserves your car and your assets. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of an accident. If you have damage to your Ford as the result of the weather or an accident, your policy will cover the repair costs.
The benefits of insuring your car definitely exceed the cost, especially for larger claims. According to a 2015 survey, the average American driver overpays more than $825 a year so compare rates once a year at a minimum to ensure rates are inline.
Local insurance agents
Some consumers would rather buy from a local agent and often times that is recommended Most agents are trained to spot inefficiencies and help you file claims. An additional benefit of comparing rate quotes online is the fact that drivers can get lower rates but still work with a licensed agent.
Upon completion of this quick form, the coverage information is sent to participating agents in Henderson who can give free rate quotes for your insurance coverage. There is no need to contact any insurance agencies due to the fact that quote results will go immediately to your email address. In the event you want to compare rates from a specific insurance company, don't hesitate to jump over to their website and complete a quote there.
Picking a insurance company requires more thought than just the premium amount. These are some valid questions you should ask.
- Can they help ensure a fair claim settlement?
- Is there a local claims center in Henderson?
- If you are a high risk driver, do they have special markets for your coverage?
- How long have they been in business?
- Can you contact them at any time?
Two types of Henderson car insurance agents
When looking for a reliable insurance agent, you should know the different agency structures and how they differ in how they quote coverages. Insurance agencies in Henderson can be classified as either independent or exclusive. Either type can handle insurance, but it's worth learning how they differ since it could factor into buying decisions.
Exclusive Insurance Agencies
Exclusive insurance agents normally can only provide a single company's rates like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare other company's rates so they really need to provide good service. These agents are well trained on their company's products which helps overcome the inability to quote other rates. A lot of people buy from the same agent for years mainly due to high brand loyalty rather than having the cheapest rates.
The following is a short list of exclusive insurance agencies in Henderson willing to provide comparison quotes.
- Allstate Insurance: Conner Family and Associates, LLC
30 S Water St a - Henderson, NV 89015 - (702) 564-0665 - View Map
- Eugene Ramos - State Farm Insurance Agent
1205 W Warm Springs Rd #107 - Henderson, NV 89014 - (702) 597-1750 - View Map
- Allstate Insurance: Gary Cox
2540 Anthem Village Dr Ste 180 - Henderson, NV 89052 - (702) 778-2222 - View Map
Independent Agents (or Brokers)
Agents that choose to be independent can sell policies from many different companies so as a result can place your coverage with many different companies and help determine which has the cheapest rates. If they find a lower price, they simply switch companies in-house which is easy for the insured.
When searching for an agent, you will definitely want to get insurance quotes from a few independent agents for the best price selection. A lot of them also have access to companies that do not advertise much that can offer cheaper rates than bigger companies.
Below are independent insurance agents in Henderson that are able to give price quote information.
- Yoder Insurance Ltd
283 Grand Olympia Dr - Henderson, NV 89012 - (702) 434-7640 - View Map
- Safeco Insurance
2736 Marie Antoinette St - Henderson, NV 89044 - (866) 694-9046 - View Map
- All Nevada Insurance
10624 S Eastern Ave # L - Henderson, NV 89052 - (800) 701-5909 - View Map
After getting good responses to any questions you have and locked in a price quote, chances are good that you have found an insurance agency that is reliable enough to properly service your insurance policy.
Car insurance coverage breakdown
Learning about specific coverages of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.
Coverage for liability - This coverage provides protection from damages or injuries you inflict on other's property or people by causing an accident. It protects YOU against other people's claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 15/30/10 which stand for a limit of $15,000 per injured person, $30,000 for the entire accident, and a limit of $10,000 paid for damaged property.
Liability insurance covers things such as structural damage, medical expenses, attorney fees, repair bills for other people's vehicles and funeral expenses. The amount of liability coverage you purchase is your choice, but it's cheap coverage so purchase as high a limit as you can afford. Nevada state law requires minimum liability limits of 15/30/10 but drivers should carry better liability coverage.
Collision coverages - Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as driving through your garage door, hitting a parking meter, rolling your car and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible on your Mustang to get cheaper collision coverage.
Comprehensive coverage - Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as a tree branch falling on your vehicle, theft, falling objects, hail damage and damage from flooding. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.
Medical payments coverage and PIP - Medical payments and Personal Injury Protection insurance kick in for bills such as X-ray expenses, chiropractic care and dental work. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage - This gives you protection when the "other guys" are uninsured or don't have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle's damage.
Since many Nevada drivers only purchase the least amount of liability that is required (15/30/10 in Nevada), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.