It’s easy to assume that insurance companies don’t want you shop around. Insureds who get comparison quotes once a year are likely to switch insurance companies because there is a high probability of finding more affordable rates. Remarkably, a study showed that people who compared rate quotes regularly saved about $865 annually as compared to drivers who don’t regularly compare prices.
If finding the lowest price on car insurance in Fresno is your ultimate goal, then having a grasp of how to get free comparison quotes and analyze cheaper coverage can help simplify the task of finding more affordable coverage.
The best way to find low-cost prices for Ford Mustang insurance in Fresno is to regularly compare price quotes from insurance carriers who sell auto insurance in California. You can compare rates by following these guidelines.
First, learn about what coverages are included in your policy and the things you can change to prevent expensive coverage. Many factors that cause rate increases like accidents, careless driving, and a substandard credit history can be eliminated by making lifestyle changes or driving safer. This article provides information to find cheap prices and get additional discounts.
Second, get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agencies can give you price quotes from multiple companies.
Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available in Fresno. If you can save money, make sure coverage is continuous and does not lapse.
Fourth, notify your company or agent to cancel your current coverage. Submit a completed policy application and payment to your new insurance company. As soon as you receive it, keep your new proof of insurance paperwork in an accessible location in your vehicle.
A good tip to remember is to try to compare the same level of coverage on every quote and and to get rates from as many car insurance companies as possible. This helps ensure a level playing field and the best price selection.
If you are paying for car insurance now, you will be able to buy cheaper car insurance using the ideas presented in this article. Shopping around for the cheapest car insurance coverage in Fresno can be fairly easy. But California drivers must understand the way companies determine prices because rates are impacted by many factors.
Ford Mustang Insurance Cost Factors
A large part of saving on insurance is knowing some of the elements that go into determining your policy premiums. If you know what impacts premium levels, this empowers consumers to make smart changes that can earn you better insurance rates. Many things are used in the calculation when quoting car insurance. Some are obvious such as traffic violations, but other criteria are not as apparent such as your credit history or your vehicle rating.
The itemized list below are some of the factors utilized by car insurance companies to help set premiums.
Vehicles with better crash test results means cheaper insurance – Cars with five star safety ratings tend to have lower insurance rates. Vehicles built for safety result in less severe injuries and lower rates of occupant injuries translates into savings for insurance companies which can mean better rates for you.
Liability limits should be high – The liability section of your policy is the protection in the event that you are determined to be liable for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court which can cost a lot. This coverage is relatively inexpensive compared to physical damage coverage, so insureds should have plenty of protection for their assets.
Never let your insurance policy expire – Having an insurance coverage lapse will be a fast way to increase your renewal premiums. And not only will your rates increase, failure to provide proof of insurance could earn you a license revocation or jail time.
Too many claims and you’ll pay more – Auto insurance companies in California provide lower rates to people who are not frequent claim filers. If you’re an insured who likes to file claims you can look forward to either higher rates or even cancellation. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Occupation can influence rates – Did you know your career choice can influence rates? Occupations such as military personnel, architects, and stock brokers generally pay the highest average rates due to stressful work requirements and long work days. Other careers like professors, athletes and the unemployed pay the least.
Where you live – Having an address in a small town may provide you with better prices when trying to find low car insurance rates. Residents of big cities tend to have more road rage incidents and much longer commute distances. Fewer drivers translates into fewer accident claims in addition to fewer liability claims.
Pay more out-of-pocket – Physical damage deductibles define the amount you are required to spend if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered are colliding with a stationary object, collision with a deer, and having a roll-over accident. The more of the claim you’re willing to pay, the less your insurance will be.
Ford Mustang claim probability – Insurers include the past claim trends for vehicles as a way to help calculate a profitable premium rate. Vehicles that historically have high amounts or severity of claims will cost more for coverage. The table below outlines the insurance loss data used by companies for Ford Mustang vehicles.
For each policy coverage type, the claim amount for all vehicles averaged together is set at 100. Numbers below 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate more frequent losses or an increased probability of a larger loss.
| Vehicle 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
There are several ways of comparing rate quotes from many available insurance companies in California. The best method to find the cheapest insurance rates is to jump online and get quotes. When comparison shopping, quoting more increases the chance that you will find the best rates.
The companies in the list below have been selected to offer comparison quotes in California. If you wish to find cheap auto insurance in Fresno, we recommend you visit several of them in order to find the cheapest rates.
Rates and detailed analysis
The premium table shown next highlights detailed analysis of policy rates for Ford Mustang models. Having knowledge of how car insurance premiums are established is important for making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $334 | $780 | $534 | $32 | $160 | $1,840 | $153 |
| Mustang 2-Dr Coupe | $334 | $780 | $668 | $40 | $200 | $2,022 | $169 |
| Mustang GT 2-Dr Convertible | $378 | $898 | $534 | $32 | $160 | $2,002 | $167 |
| Mustang GT 2-Dr Coupe | $378 | $898 | $668 | $40 | $200 | $2,184 | $182 |
| Mustang Shelby GT500 2-Dr Convertible | $420 | $1134 | $534 | $32 | $160 | $2,280 | $190 |
| Mustang Shelby GT500 2-Dr Coupe | $464 | $1252 | $668 | $40 | $200 | $2,624 | $219 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price information does not factor in specific garaging location which can lower or raise coverage prices noticeably.
Analysis of deductible levels
One frequently asked question is which comprehensive and collision deductibles to buy. The comparison tables below illustrate the costs and benefits when you select higher and lower comp and collision deductibles. The first data set uses a $250 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $342 | $678 | $442 | $26 | $132 | $1,645 | $137 |
| Mustang 2-Dr Coupe | $342 | $678 | $552 | $32 | $166 | $1,795 | $150 |
| Mustang GT 2-Dr Convertible | $386 | $780 | $442 | $26 | $132 | $1,791 | $149 |
| Mustang GT 2-Dr Coupe | $386 | $780 | $552 | $32 | $166 | $1,941 | $162 |
| Mustang Shelby GT500 2-Dr Convertible | $430 | $986 | $442 | $26 | $132 | $2,041 | $170 |
| Mustang Shelby GT500 2-Dr Coupe | $474 | $1088 | $552 | $32 | $166 | $2,337 | $195 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $278 | $546 | $442 | $26 | $132 | $1,424 | $119 |
| Mustang 2-Dr Coupe | $278 | $546 | $552 | $32 | $166 | $1,574 | $131 |
| Mustang GT 2-Dr Convertible | $314 | $630 | $442 | $26 | $132 | $1,544 | $129 |
| Mustang GT 2-Dr Coupe | $314 | $630 | $552 | $32 | $166 | $1,694 | $141 |
| Mustang Shelby GT500 2-Dr Convertible | $348 | $794 | $442 | $26 | $132 | $1,742 | $145 |
| Mustang Shelby GT500 2-Dr Coupe | $384 | $878 | $552 | $32 | $166 | $2,012 | $168 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in vehicle garaging location which can alter insurance rates considerably.
Using the data above, we can ascertain that using a $250 deductible costs roughly $22 more each month or $264 a year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 11 months between claims, you would more than likely save some money if you opt for a higher deductible.
The information below demonstrates how choosing different deductibles and can affect Ford Mustang insurance costs for each age group. The price estimates are based on a married male driver, full coverage, and no additional discounts are factored in.
Rate comparison of male drivers versus female drivers
The example below illustrates the comparison of Ford Mustang auto insurance rates for male and female drivers. The prices are based on no claims, a clean driving record, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.
Cost difference between full coverage and liability
The illustration below shows the comparison of Ford Mustang auto insurance rates with full physical damage coverage and with liability coverage only. The premiums assume no violations or accidents, $100 deductibles, single status, and no discounts are factored in.
When to drop comprehensive and collision coverage
There is no definitive guideline of when to exclude physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s pretend your Ford Mustang claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are a few situations where removing full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Choosing vehicle insurance is an important decision
Despite the potentially high cost of Ford Mustang insurance, maintaining insurance serves several important purposes.
- Almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your Ford, most lenders will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may insure your Ford for a lot more money and force you to reimburse them the higher premium.
- Insurance protects not only your vehicle but also your financial assets. It will also provide coverage for many types of medical costs for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, your insurance policy will pay to have it repaired.
The benefits of carrying enough insurance more than offset the price you pay, particularly if you ever have a claim. Today the average American driver is currently overpaying as much as $869 every year so it’s very important to do a rate comparison at every renewal to be sure current rates are still competitive.
Lower rate quotes on Ford Mustang insurance in Fresno with these auto insurance discounts
Some providers do not list every discount they offer very clearly, so the list below contains some of the more common in addition to some of the lesser obvious discounts that you may qualify for.
- 55 and Retired – Drivers over the age of 55 may qualify for lower premium rates.
- Theft Deterrent Discount – Cars and trucks optioned with advanced anti-theft systems can help prevent theft and that can save you a little bit as well.
- Low Miles Discount – Fewer annual miles on your Ford could be rewarded with cheaper rates.
- Government Employees – Having worked for a branch of the government could cut as much as 10% off with select insurance companies.
- Active Military Service – Having a deployed family member could qualify you for better premium rates.
- Club Memberships – Participating in specific professional or occupational memberships or organizations can get you a small discount on auto insurance.
- Sign Online – Many larger companies will provide an incentive shop Fresno car insurance on your computer.
- Anti-lock Brake Discount – Cars with ABS braking systems or traction control are much safer to drive and qualify for as much as a 10% discount.
We need to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like you can get free auto insurance, company stockholders wouldn’t be very happy.
The illustration below compares Ford Mustang insurance prices with and without discounts applied to the rates. Data assumes a male driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, marriage, safe-driver, and claim-free discounts applied.
Car insurance companies that have these benefits include:
Before you buy a policy, ask every insurance company which discounts you may be entitled to. All car insurance discounts may not apply to policies in your state. To see a list of insurance companies that offer discounts in California, follow this link.
When should I talk to a local insurance agent?
A small number of people would rather visit with an insurance agent and doing so can bring peace of mind A good thing about getting free rate quotes online is you may find cheap car insurance rates and also buy local. Supporting small agencies is especially important in Fresno.
For easy comparison, once you complete this short form, your information is emailed to participating agents in Fresno that can provide free Fresno car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to do any legwork because quoted prices will be sent to you instantly. You can find lower rates and a licensed agent to talk to. If you need to get a rate quote from a specific car insurance provider, you would need to find their quoting web page and fill out the quote form the provide.
Pick the best car insurance agent in Fresno for you
When researching a reliable insurance agent, it’s helpful to know the different agency structures and how they can service your needs differently. Insurance agencies in Fresno are either independent or exclusive.
Independent Car Insurance Agents
These agents are not employed by any specific company and that gives them the ability to insure with any number of different companies and help determine which has the cheapest rates. If your agent finds better pricing, your policy is moved internally and that require little work on your part. If you are comparing rate quotes, you will definitely want to include price quotes from multiple independent agents so that you can do a thorough price comparison. Most can insure with small mutual carriers which could offer lower prices.
Listed below is a partial list of independent agencies in Fresno that can give you competitive price quotes.
- New Horizon Insurance Services- Fresno
7543 N Ingram Ave #105 – Fresno, CA 93711 – (559) 244-6644 – View Map - Covered California Fresno
4005 N Blackstone Ave #101 – Fresno, CA 93726 – (559) 222-4140 – View Map - Walter L. Clark and Associates, Inc.
7673 N Ingram Ave #103 – Fresno, CA 93711 – (559) 222-0300 – View Map
Exclusive Car Insurance Agencies
These agents work for only one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot shop your coverage around so always compare other rates. Exclusive agents receive extensive training on their company’s products and that allows them to sell at a higher price point. A lot of people use the same exclusive agent mainly due to the brand name and the convenience of having all coverages with one company.
Shown below are exclusive insurance agents in Fresno that can give you rate quotes.
- Farmers Insurance – Jagdeep Singh
4185 W Figarden Dr #101 – Fresno, CA 93722 – (559) 527-5530 – View Map - Wilson Wong – State Farm Insurance Agent
1341 W Bullard Ave #6 – Fresno, CA 93711 – (559) 438-0470 – View Map - Allstate Insurance: Ron Meadows
1750 E Bullard Ave Ste 101 – Fresno, CA 93710 – (559) 432-0656 – View Map
Choosing the best insurance agent requires more thought than just the premium amount. Any agent in Fresno should be forthright in answering these questions:
- Do they carry Errors and Omissions coverage?
- Are they able to provide referrals?
- When do they do a full risk review?
- Do they regularly work with personal auto policies in Fresno?
- Can you choose the body shop in case repairs are needed?
- If you raise deductibles, how much can you save?
In Summary
Cheaper Ford Mustang insurance in Fresno is attainable online and also from your neighborhood Fresno agents, so you need to quote Fresno car insurance with both to have the best selection. Some insurance providers do not offer the ability to get a quote online and most of the time these small, regional companies sell through independent insurance agencies.
When getting Fresno car insurance quotes online, never reduce coverage to reduce premium. In too many instances, consumers will sacrifice liability limits or collision coverage and found out when filing a claim that it was a big error on their part. Your strategy should be to find the BEST coverage at the best cost, but do not skimp to save money.
We’ve covered some good ideas how you can reduce Ford Mustang insurance premium rates online in Fresno. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a small local company.
Much more information about car insurance in California can be read on the following sites:
- What is Covered by GAP Insurance? (Allstate)
- What Auto Insurance is Cheapest for a Ford Fusion in Fresno? (FAQ)
- Who Has Affordable Auto Insurance for Good Students in Fresno? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Teen Driving and Texting (State Farm)