Best Insurance for a Ford Mustang in Columbus

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Insurance for Ford MustangA recent study showed that most Ohio auto insurance customers kept their policy with the same company for a minimum of four years, and nearly half have never compared rates with other companies. Most drivers in the U.S. could save approximately 47% every year by just comparing quotes, but most just don't grasp the large savings they would see if they switch to a new company.

If saving the most money is your goal, then the best way to find discount car insurance rates in Columbus is to do a yearly price comparison from insurance carriers that insure vehicles in Ohio. You can compare prices by following these steps.

  • First, read and learn about policy coverages and the measures you can control to keep rates low. Many risk factors that are responsible for high rates like speeding tickets, careless driving and a not-so-good credit history can be amended by being financially responsible and driving safely.
  • Second, compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like Progressive and State Farm, while independent agencies can provide rate quotes for many different companies.
  • Third, compare the price quotes to your existing coverage to see if a cheaper price is available in Columbus. If you can save money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

The key aspect of shopping around is to try to compare identical deductibles and limits on every quote and and to get quotes from as many auto insurance providers as possible. This enables an apples-to-apples comparison and the most accurate and complete price analysis.

Finding the cheapest car insurance coverage in Columbus is much easier if you have a good place to start. If you have car insurance now, you will most likely be able to find the best rates using the tips covered below. Comparison shoppers just need to understand the best way to quote multiple rates from many companies at once.

Finding a better price on insurance is an easy way to save money. Consumers just need to spend a few minutes comparing rate quotes to find out which insurance company has affordable Columbus auto insurance quotes.

It's so easy to compare quotes online that it makes it a waste of time to spend your day driving to all the different Columbus insurance agencies. Quoting Ford Mustang insurance online has reduced the need for local agents unless your situation requires the professional assistance of a local agency. Drivers can comparison shop online but buy the policy through an agent.

The car insurance companies shown below are ready to provide comparison quotes in Columbus, OH. If the list has multiple companies, we recommend you visit as many as you can in order to get a fair rate comparison.

Three reasons to insure your vehicle

Despite the high cost of buying insurance for a Ford Mustang in Columbus, car insurance is required in Ohio but also provides important benefits.

  • The majority of states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your vehicle has a lienholder, most lenders will force you to have physical damage coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender may insure your Ford at a much higher premium rate and require you to reimburse them for it.
  • Insurance protects both your assets and your vehicle. It will also provide coverage for medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of having car insurance definitely exceed the cost, especially with large liability claims. Despite what companies tell you, the average driver overpays more than $850 per year so you should quote your policy with other companies at every policy renewal to help ensure money is not being wasted.

Data for Ford Mustang insurance

The price information shown below highlights estimates of policy rates for Ford Mustang models. Understanding more about how car insurance premiums are determined helps drivers make decisions on the best policy coverages.

Ford Mustang Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $94 $226 $256 $16 $76 $668 $56
Mustang 2-Dr Coupe $94 $226 $320 $18 $96 $754 $63
Mustang GT 2-Dr Convertible $106 $260 $256 $16 $76 $714 $60
Mustang GT 2-Dr Coupe $106 $260 $320 $18 $96 $800 $67
Mustang Shelby GT500 2-Dr Convertible $118 $328 $256 $16 $76 $794 $66
Mustang Shelby GT500 2-Dr Coupe $130 $362 $320 $18 $96 $926 $77
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in garaging location in Columbus which can raise or lower prices considerably.

Should you raise deductibles?

One common question asked by Columbus drivers is at what level do you set your deductibles. The following tables determine how much more rates are when you buy lower versus higher policy deductibles. The first table uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Ford Mustang insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $196 $416 $226 $14 $68 $945 $79
Mustang 2-Dr Coupe $196 $416 $284 $16 $84 $1,021 $85
Mustang GT 2-Dr Convertible $220 $478 $226 $14 $68 $1,031 $86
Mustang GT 2-Dr Coupe $220 $478 $284 $16 $84 $1,107 $92
Mustang Shelby GT500 2-Dr Convertible $246 $604 $226 $14 $68 $1,183 $99
Mustang Shelby GT500 2-Dr Coupe $270 $668 $284 $16 $84 $1,347 $112
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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 $108 $220 $226 $14 $68 $636 $53
Mustang 2-Dr Coupe $108 $220 $284 $16 $84 $712 $59
Mustang GT 2-Dr Convertible $122 $252 $226 $14 $68 $682 $57
Mustang GT 2-Dr Coupe $122 $252 $284 $16 $84 $758 $63
Mustang Shelby GT500 2-Dr Convertible $136 $318 $226 $14 $68 $762 $64
Mustang Shelby GT500 2-Dr Coupe $150 $352 $284 $16 $84 $886 $74
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in vehicle location which can impact insurance rates significantly.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $30 more each month or $360 each year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 30 months between claims, you would probably come out ahead if you opt for a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $92
Average monthly premium for $1,000 deductibles (subtract): - $62
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

An important thing to remember is that a higher deductible level means you will have to cover more of the damage yourself when you have to file a claim. You should have some extra savings in the event you need to pay more to get your vehicle repaired.

Cost of full coverage in Columbus

The example below illustrates the difference between Ford Mustang insurance prices with full coverage compared to only the Ohio minimum liability coverage. The price estimates are based on no claims or driving violations, $250 deductibles, single marital status, and no other discounts are factored in.

When to drop comprehensive and collision

There is no clear-cut rule to drop comp and collision coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Ford Mustang claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after paying your policy deductible. If it's costing in excess of $600 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Discounts for cheap auto insurance quotes

Companies offering auto insurance do not list every available discount in a way that's easy to find, so we took the time to find some of the best known and also the more inconspicuous discounts that you may qualify for.Save money with discounts

  • Bundle and Save - If you insure your home and vehicles with the same insurance company you could get a discount of as much as 10 to 15 percent.
  • Safety Course Discount - Successfully completing a class that teaches defensive driver techniques could earn you a small percentage discount depending on where you live.
  • Membership in Organizations - Being in certain professional organizations could qualify you for a break when shopping for auto insurance.
  • Student Driver Training - It's a good idea to have your young drivers successfully take a driver's education course in school.
  • Anti-lock Brakes - Cars with anti-lock braking systems are safer to drive so companies give up to a 10% discount.
  • Discount for Life Insurance - If the company offers life insurance, you could get better auto insurance rates if you take out auto and life insurance together.
  • Accident Free - Insureds who avoid accidents and claims pay much less as compared to drivers who are more careless.
  • Theft Prevention System - Cars and trucks that have factory anti-theft systems prevent vehicle theft and will qualify for a discount on a Columbus auto insurance quote.
  • Federal Government Employee - Active or former government employment may reduce rates when you quote Columbus auto insurance with certain companies.
  • Data Collection Discounts - Insureds that choose to allow driving data collection to analyze driving manner by installing a telematics device like In-Drive from State Farm and Progressive's Snapshot might get better premium rates as long as they are good drivers.

Please keep in mind that most of the big mark downs will not be given to the entire policy premium. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that all those discounts means the company will pay you, nobody gets a free ride.

The chart below visualizes the comparison of Ford Mustang annual premium costs with and without discounts being applied to the rates. The data assumes a female driver, no accidents or driving violations, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-policy, safe-driver, and multi-car discounts applied.

To view insurance companies with the best discounts in Columbus, click here to view.

Car insurance agents near you

A small number of people would rather get professional advice from a licensed agent and that is a personal choice. Professional agents can answer important questions and give you someone to call. One of the best bonuses of price shopping on the web is you may find the lowest rates and also buy local.

To help locate an agent, after submitting this short form, your information is sent to local insurance agents who can give free rate quotes for your auto insurance coverage. You won't need to contact any insurance agencies since rate quotes are delivered immediately to you. If you want to get a rate quote from one company in particular, you just need to visit that company's website and submit a quote form there.

Finding the right insurer requires you to look at more than just the quoted price. A good agent in Columbus will have answers to these questions.

  • Will your rates increase after a single accident?
  • How long has the business existed?
  • How many companies do they write for?
  • Do you need full coverage on every vehicle?
  • Will the quote change when the policy is issued?
  • Is coverage determined by price?
  • Can you contact them at any time?
  • Do they regularly work with personal auto policies in Columbus?

If you want to buy auto insurance from local Columbus agents, there are two different types of agencies and how they are slightly different. Auto insurance agents are categorized either independent (non-exclusive) or exclusive. Both insure your vehicles properly, but it's worth mentioning the difference between them since it may influence your agent selection.

Exclusive Insurance Agencies

Agents that choose to be exclusive have only one company to place business with and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents are well trained on their company's products which helps them sell insurance even at higher premiums.

Listed below is a list of exclusive agencies in Columbus that can give you price quotes.

2844 Johnstown Rd - Columbus, OH 43219 - (614) 471-5557 - View Map

3250 W Henderson Rd Ste 101 - Columbus, OH 43220 - (614) 457-5070 - View Map

50 Northwoods Blvd - Columbus, OH 43235 - (614) 888-5830 - View Map

More Columbus agents

Independent Auto Insurance Agents

Agents that choose to be independent are not limited to a single company so as a result can place your coverage with an assortment of companies and find you cheaper rates. If you want to switch companies, your policy is moved internally and you stay with the same agent. If you are comparing rate quotes, you definitely need to get rate quotes from independent agents to have the most options to choose from.

Listed below are Columbus independent agencies that are able to give price quotes.

777 Goodale Blvd - Columbus, OH 43212 - (614) 221-1500 - View Map

1180 W Broad St - Columbus, OH 43222 - (614) 221-7007 - View Map

630 E Broad St - Columbus, OH 43215 - (614) 418-5710 - View Map

More Columbus agents

Upon receiving good answers for all questions you ask and an affordable coverage quote, most likely you have located an auto insurance agent that is reputable and can properly insure your vehicles.

In the end, you can save money

Cheap Ford Mustang insurance in Columbus can be purchased on the web and also from your neighborhood Columbus agents, so you need to quote Columbus auto insurance with both to have the best selection. Some insurance providers do not provide the ability to get quotes online and usually these regional insurance providers only sell coverage through independent agencies.

We just covered a lot of ways to shop for Ford Mustang insurance online. The most important thing to understand is the more providers you compare, the higher your chance of finding the cheapest Ford Mustang rate quotes. Consumers may even find the best price on auto insurance is with the smaller companies. Smaller companies often have lower premium rates on specific markets than the large multi-state companies such as State Farm or Progressive.

As you restructure your insurance plan, it's very important that you do not sacrifice coverage to reduce premiums. There have been many cases where an insured dropped liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage for the lowest cost while still protecting your assets.

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