A recent NerdWallet.com study revealed that most car insurance customers kept buying from the same company for more than four years, and almost half have never quoted rates to find cheap coverage. Drivers in Nebraska could cut their rates by roughly 30% a year just by shopping around, but they just feel it’s too hard to compare rates online.
The best way we recommend to find affordable quotes for Ford Mustang insurance in Omaha is to start comparing rates regularly from insurance carriers that insure vehicles in Nebraska.
- Get an understanding of the coverage provided by your policy and the modifications you can make to keep rates in check. Many things that increase rates such as speeding tickets, careless driving and a poor credit rating can be improved by paying attention to minor details.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or State Farm, while agents who are independent can provide prices for many different companies.
- Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find a better price and buy the policy, ensure coverage does not lapse between policies.
- Provide adequate notice to your current company of your intent to cancel your current auto insurance policy and submit payment and a signed application to your new company or agent. Once coverage is bound, store the certificate verifying proof of insurance somewhere easily accessible.
One piece of advice is that you’ll want to compare similar deductibles and liability limits on each quote and and to compare as many companies as you can. This helps ensure a fair price comparison and many rates to choose from.
How to find affordable Ford Mustang insurance in Omaha, Nebraska
Just remember that obtaining a wide range of quotes will enable you to find more affordable insurance. Some regional insurers cannot provide online rate quotes, so it’s important to compare price estimates on coverage from those companies, too.
The companies shown below provide free rate quotes in Omaha, NE. If you wish to find the best auto insurance in Nebraska, it’s highly recommended you visit several of them to get the best price comparison.
Ford Mustang insurance analysis
The rate information shown below outlines detailed analysis of insurance rates for Ford Mustang models. Learning a little about how policy rates are calculated is important for you to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $184 | $426 | $362 | $22 | $108 | $1,102 | $92 |
| Mustang 2-Dr Coupe | $184 | $426 | $454 | $26 | $136 | $1,226 | $102 |
| Mustang GT 2-Dr Convertible | $208 | $492 | $362 | $22 | $108 | $1,192 | $99 |
| Mustang GT 2-Dr Coupe | $208 | $492 | $454 | $26 | $136 | $1,316 | $110 |
| Mustang Shelby GT500 2-Dr Convertible | $232 | $620 | $362 | $22 | $108 | $1,344 | $112 |
| Mustang Shelby GT500 2-Dr Coupe | $256 | $684 | $454 | $26 | $136 | $1,556 | $130 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in specific Omaha garaging location which can influence price quotes greatly.
Policy deductibles
One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The rates below may help to conceptualize the costs and benefits of buying low and high comp and collision deductibles. The first pricing table uses a $100 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $258 | $548 | $300 | $18 | $90 | $1,239 | $103 |
| Mustang 2-Dr Coupe | $258 | $548 | $374 | $22 | $112 | $1,339 | $112 |
| Mustang GT 2-Dr Convertible | $292 | $632 | $300 | $18 | $90 | $1,357 | $113 |
| Mustang GT 2-Dr Coupe | $292 | $632 | $374 | $22 | $112 | $1,457 | $121 |
| Mustang Shelby GT500 2-Dr Convertible | $324 | $798 | $300 | $18 | $90 | $1,555 | $130 |
| Mustang Shelby GT500 2-Dr Coupe | $358 | $882 | $374 | $22 | $112 | $1,773 | $148 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $144 | $290 | $300 | $18 | $90 | $842 | $70 |
| Mustang 2-Dr Coupe | $144 | $290 | $374 | $22 | $112 | $942 | $79 |
| Mustang GT 2-Dr Convertible | $162 | $334 | $300 | $18 | $90 | $904 | $75 |
| Mustang GT 2-Dr Coupe | $162 | $334 | $374 | $22 | $112 | $1,004 | $84 |
| Mustang Shelby GT500 2-Dr Convertible | $180 | $420 | $300 | $18 | $90 | $1,008 | $84 |
| Mustang Shelby GT500 2-Dr Coupe | $198 | $464 | $374 | $22 | $112 | $1,170 | $98 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in vehicle location which can influence price quotes significantly.
We can derive from the above data that using a $100 deductible will cost in the ballpark of $39 more each month or $468 for a full year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 23 months between claims, you would probably save some money if you opt for a higher deductible.
Insuring your Ford vehicle just makes sense
Despite the high insurance cost for a Ford Mustang in Omaha, auto insurance may be required for several reasons.
- Almost all states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance in order to drive the car. In Nebraska 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, almost every bank will make it mandatory that you have insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Ford at a much higher premium rate and require you to reimburse them the higher price.
- Insurance protects both your assets and your car. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay attorney fees in the event you are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $820 a year so it’s recommended you shop around at every renewal to be sure current rates are still competitive.
What Affects Ford Mustang Insurance Costs?
Lots of factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as your driving history, although others are less obvious like where you live or how safe your car is.
Tickets and citations cost more than a fine – Drivers with clean records pay lower auto insurance prices compared to bad drivers. Just one chargeable violation could increase your next policy renewal to the point where it’s not affordable. Drivers who have gotten dangerous tickets like DUI or reckless driving are required to submit a SR-22 form with their state motor vehicle department in order to legally drive.
The example below illustrates how violations and at-fault claims drive up Ford Mustang premium costs for different insured age categories. The premiums assume a married female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
A car insurance policy lapse is a bad thing – Having a gap between insurance policy dates will be a sure-fire way to increase your car insurance rates. Not only will rates go up, failure to provide proof of insurance can result in a revoked license or a big fine. You may then have to file a SR-22 with the Nebraska department of motor vehicles.
Insure your auto and home with one company – The majority of insurers will award lower prices to insureds that purchase more than one policy in the form of a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you qualify for this discount already, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still find a better deal even if you have your coverage with different companies
Keep the miles off and save – Driving a lot of miles every year the more you will pay for car insurance. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Cars that sit idle most of the time receive lower rates than vehicles that have high annual mileage. Ask your agent if your car insurance declarations sheet reflects annual mileage. A policy that improperly rates your Mustang may be costing you higher rates.
Being married reduces risk – Having a wife or husband may save some money when buying car insurance. It generally demonstrates drivers are more financially stable and statistics prove married drivers tend to file fewer claims.
Extra coverages you don’t use – There are a ton of additional extra coverages that sound like a good idea at the time on your Mustang policy. Coverages like rental car coverage, better glass coverage, and motor club memberships may be wasting your money. These may sound like a good investment initially, but if you have no use for them think about removing them and cutting costs.
Ford Mustang claim data – Companies factor in historical loss data when setting premium rates. Vehicles that have increased losses will have a higher cost to insure. The data below shows the compiled insurance loss statistics for Ford Mustang vehicles.
For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is considered to be 100. Numbers shown that are under 100 are indicative of better than average losses, while numbers shown that are more than 100 point to more claims or tendency to have larger claims.
| 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You are unique and your auto insurance should be too
When it comes to your policy for your vehicles, there really isn’t a best way to insure your cars. Every situation is different and your auto insurance should unique, too.
For instance, these questions may help you determine if your situation will benefit from professional help.
- Do I need motorclub coverage?
- What vehicles should carry emergency assistance coverage?
- How much liability insurance is required?
- Does coverage extend to my business vehicle?
- Will filing a claim cost me more?
- How high should my uninsured/underinsured coverage be in Nebraska?
- At what point should I drop full coverage?
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
Don’t give up on cheap rates
In this article, we presented a lot of ways to find affordable Ford Mustang insurance in Omaha. The key thing to remember is the more rate quotes you have, the better your chances of lowering your car insurance rates. Consumers could even find that the lowest rates are with a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.
While you’re price shopping online, do not sacrifice coverage to reduce premiums. There have been many cases where someone dropped liability limits or collision coverage only to regret that it was a big error on their part. Your objective should be to buy a smart amount of coverage for the lowest price and still be able to protect your assets.
Affordable Ford Mustang insurance in Omaha is available from both online companies in addition to local insurance agencies, so get free Omaha auto insurance quotes from both of them in order to have the best price selection to choose from. A few companies may not have the ability to get a quote online and most of the time these regional insurance providers only sell through independent insurance agents.
Additional detailed information can be found in the articles below:
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Who Has Affordable Omaha Auto Insurance Quotes for a Jeep Wrangler? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Toyota Tacoma in Omaha? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Low Mileage Drivers in Omaha? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Senior Drivers (Insurance Information Institute)
- Crash Avoidance Technologies FAQ (iihs.org)
- Choosing an Insurance Company (Insurance Information Institute)