If saving the most money is your goal, then the best way to find more affordable Ford Mustang insurance in Durham is to start doing a yearly price comparison from insurance carriers who provide auto insurance in North Carolina. Rates can be compared by completing these steps.
- Step 1: Try to learn a little about how your policy works and the measures you can control to keep rates low. Many things that increase rates like careless driving and an imperfect credit history can be improved by improving your driving habits or financial responsibility.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Allstate, while independent agents can quote prices for many different companies. Select a company
- Step 3: Compare the new rate quotes to your existing policy and determine if there is any savings. If you can save some money and change companies, ensure there is no coverage lapse between policies.
The key thing to know about shopping around is to compare similar deductibles and liability limits on each quote request and and to get prices from as many companies as feasibly possible. This guarantees the most accurate price comparison and the best price quote selection.
It goes without saying that auto insurance companies don’t want you shop around. Drivers who shop around for cheaper rates will most likely move their business because there are good odds of finding a more affordable policy. A recent survey discovered that drivers who shopped around annually saved $3,400 over four years as compared to drivers who never compared other company’s rates.
If saving the most money on Ford Mustang insurance is your ultimate goal, then having some knowledge of the best way to shop and compare insurance coverage can make it easier to shop your coverage around.
The fastest way that we advise to compare car insurance company rates for Ford Mustang insurance in Durham takes advantage of the fact auto insurance companies actually pay money for the chance to provide you with a free rate quote. To begin a comparison, all you need to do is spend a couple of minutes providing details including if the car is leased, driver details, any included safety features, and how much education you have. Your details is automatically sent to many highly-rated insurers and they return quotes almost instantly.
To start a rate quote now, click here and see if a lower rate is available in Durham.
The car insurance companies shown below offer free rate quotes in Durham, NC. If multiple companies are listed, it’s a good idea that you click on several of them to find the most competitive car insurance rates.
Choosing Ford vehicle insurance is an important decision
Despite the high cost, insurance may not be optional for several reasons.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability coverage if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Ford Mustang has a lienholder, it’s most likely the lender will have a requirement that you have physical damage coverage to guarantee loan repayment. If you do not keep the policy in force, the bank will be required to insure your Ford at a significantly higher premium and force you to pay the higher premium.
- Insurance preserves both your Ford and your assets. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly for liability claims. The average driver in North Carolina is currently overpaying as much as $869 every year so it’s important to compare rates at least once a year to ensure rates are competitive.
Analysis of coverages
The rate table below covers different rate quotes for Ford Mustang models. Being aware of how premiums are established can help guide drivers when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $184 | $470 | $282 | $16 | $84 | $1,036 | $86 |
| Mustang 2-Dr Coupe | $184 | $470 | $352 | $20 | $106 | $1,132 | $94 |
| Mustang GT 2-Dr Convertible | $208 | $540 | $282 | $16 | $84 | $1,130 | $94 |
| Mustang GT 2-Dr Coupe | $208 | $540 | $352 | $20 | $106 | $1,226 | $102 |
| Mustang Shelby GT500 2-Dr Convertible | $232 | $682 | $282 | $16 | $84 | $1,296 | $108 |
| Mustang Shelby GT500 2-Dr Coupe | $256 | $754 | $352 | $20 | $106 | $1,488 | $124 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rates do not factor in specific Durham garaging location which can lower or raise price quotes significantly.
Insurance deductibles
When shopping for insurance, a common question is where to set your physical damage deductibles. The premium rates below sum up the differences in price between low and high insurance deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $214 | $456 | $250 | $14 | $74 | $1,033 | $86 |
| Mustang 2-Dr Coupe | $214 | $456 | $312 | $18 | $94 | $1,119 | $93 |
| Mustang GT 2-Dr Convertible | $242 | $524 | $250 | $14 | $74 | $1,129 | $94 |
| Mustang GT 2-Dr Coupe | $242 | $524 | $312 | $18 | $94 | $1,215 | $101 |
| Mustang Shelby GT500 2-Dr Convertible | $270 | $662 | $250 | $14 | $74 | $1,295 | $108 |
| Mustang Shelby GT500 2-Dr Coupe | $298 | $732 | $312 | $18 | $94 | $1,479 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Mustang 2-Dr Coupe | $156 | $308 | $312 | $18 | $94 | $888 | $74 |
| Mustang GT 2-Dr Convertible | $176 | $354 | $250 | $14 | $74 | $868 | $72 |
| Mustang GT 2-Dr Coupe | $176 | $354 | $312 | $18 | $94 | $954 | $80 |
| Mustang Shelby GT500 2-Dr Convertible | $196 | $448 | $250 | $14 | $74 | $982 | $82 |
| Mustang Shelby GT500 2-Dr Coupe | $216 | $494 | $312 | $18 | $94 | $1,134 | $95 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate quotes do not factor in specific Durham garaging location which can alter coverage prices noticeably.
Using the premium rates above, we can conclude that using a $100 deductible costs an average of $23 more each month or $276 annually than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 17 months between claim filings, you would probably save some money if you elect the higher deductible.
The diagram below illustrates how your choice of deductibles and can change Ford Mustang insurance costs for each age group. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
How violations and accidents impact rates
The illustration below illustrates how traffic citations and at-fault claims raise Ford Mustang car insurance costs for different age groups. Data assumes a married male driver, full coverage, $250 deductibles, and no discounts are factored in.
Full coverage or liability only
The information below shows the difference between Ford Mustang auto insurance rates when comparing full coverage to state minimum liability only. The rates are based on no claims or driving citations, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
Guidelines for dropping full coverage
There is no set guideline to exclude physical damage coverage on your policy, 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 it might be time to consider dropping full coverage.
For example, let’s pretend your Ford Mustang replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some circumstances where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Do you qualify for discounts on Ford Mustang insurance in Durham?
Companies offering auto insurance don’t always publicize every discount available very well, so the list below contains both well-publicized and the harder-to-find discounts you could be receiving when you buy Durham car insurance online. If you are not receiving all the discounts you qualify for, you are throwing money away.
- Senior Citizen Discount – If you qualify as a senior citizen, you can get a slight reduction on a Durham car insurance quote.
- First Accident Forgiveness – Not really a discount, but companies like Liberty Mutual, Allstate and State Farm allow you one accident without raising rates so long as you are claim-free for a certain period of time.
- Passive Restraints – Options like air bags and/or automatic seat belt systems can receive discounts up to 30%.
- Drivers Education – It’s a good idea to have your young drivers enroll in driver’s education in high school.
- Discount for Low Mileage – Low mileage vehicles may enable drivers to earn slightly better premium rates than normal.
- Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may have a lower total premium amount.
Remember that some credits don’t apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears it’s possible to get free car insurance, it just doesn’t work that way.
The example below visualizes the comparison of Ford Mustang annual premium costs with and without discounts being applied to the rates. Data assumes a female driver, no violations or accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, marriage, claim-free, and safe-driver discounts applied.
To locate insurers who offer cheap Ford Mustang insurance quotes in Durham in North Carolina, click here to view.
When should I get advice from an insurance agency?
Certain consumers prefer to sit down with an agent and that can be a smart move Good agents can answer important questions and give you someone to call. One of the best bonuses of comparing rate quotes online is that you can obtain better rates and still buy from a local agent. And supporting local insurance agencies is important especially in Durham.
Once you complete this simple form, your coverage information is sent to companies in Durham who will give you quotes for your insurance coverage. You never need to contact an agency because prices are sent immediately to you. If you have a need to get a rate quote from a specific company, you would need to navigate to their website and complete a quote there.
Shown below are agents in Durham who can help you get rate quotes for Ford Mustang insurance in Durham.
- Nationwide Insurance Marsh Dawson Agency
821 Hanson Rd – Durham, NC 27713 – (919) 806-5109 – View Map - Nationwide Insurance: Andrew F Jones
5242 Roxboro Rd Ste C – Durham, NC 27712 – (919) 477-7666 – View Map - Allstate Insurance Agent: Tae Kim
4837 Hwy Nc 55 10B – Durham, NC 27713 – (919) 560-9000 – View Map - Marty Lindsey – State Farm Insurance Agent
1852 Hillandale Rd – Durham, NC 27705 – (919) 479-9671 – View Map
Selecting an insurance company requires more thought than just a cheap quote. Here are some questions you should ask.
- Does the agent have a valid license to sell insurance in North Carolina?
- What is the agency’s Better Business Bureau rating?
- Will you get a loaner vehicle if you car is being repaired?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Who is covered by the car insurance policy?
- Are there any discounts for paying up front?
Once you have received good feedback to any questions you have and a good coverage price, you’ve probably found an provider that is reputable and can service your policy. But remember, it’s your policy and you can cancel coverage any time you want so don’t think that you are permanently stuck with a specific company for the full policy term.
How to find a good Durham car insurance company
Insuring your vehicle with a good quality insurer can be difficult considering how many different companies insure vehicles in North Carolina. The ranking information listed below can help you analyze which insurers you want to consider purchasing a policy from.
Top 10 Durham Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Top 10 Durham Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
The best insurance company isn’t always the cheapest
When shopping online for car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many cases where someone dropped physical damage coverage only to regret at claim time that the savings was not a smart move. The goal is to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.
People leave their current company for a variety of reasons including policy cancellation, delays in paying claims, policy non-renewal or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.
There are still a few companies who may not provide rates over the internet and these small, regional companies provide coverage only through independent agents. More affordable car insurance in Durham can be bought from both online companies and from local insurance agents, so you should be comparing quotes from both to have the best rate selection.
Much more information about car insurance in North Carolina is available at these links:
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance for Good Students in Durham? (FAQ)
- Who Has the Cheapest Car Insurance for a Honda CR-V in Durham? (FAQ)
- Vehicle Size and Weight FAQ (iihs.org)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)
- Side Impact Crash Tests (iihs.org)