It’s safe to conclude that auto insurance companies want to prevent you from shopping around. People who shop around for a cheaper policy are very likely to buy a new policy because they stand a good chance of finding lower rate quotes. A recent study showed that drivers who compared prices regularly saved $865 a year compared to people who never shopped around for better prices.
If finding the cheapest price for Ford Mustang insurance in Oakland is the reason for your visit, then having some insight into how to quote and compare coverages can make it easier to find better rates.
It takes a few minutes, but the best way to find the cheapest price for auto insurance rates in Oakland is to compare prices regularly from different companies in California.
First, it will benefit you to learn about what coverages are included in your policy and the things you can change to keep rates low. Many things that cause high rates such as accidents, traffic violations, and a negative credit history can be controlled by improving your driving habits or financial responsibility.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of insurance providers. Find an Oakland insurance agent
Third, compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Oakland. If you find a lower rate quote and make a switch, make sure there is no coverage gap between policies.
One key aspect when comparing rates is to try to use similar deductibles and liability limits on each quote and and to get quotes from as many different insurance providers as possible. Doing this guarantees a fair rate comparison and plenty of rates choose from.
How to buy Oakland Ford Mustang insurance online
When comparison shopping, comparing all the rates in your area will increase your chances of finding the best price. Not every company does Oakland Mustang insurance quotes online, so it’s important to compare rates from them as well.
The providers in the list below offer free rate quotes in California. In order to find the best auto insurance in California, we suggest you compare several of them to get the best price comparison.
Save a ton on Ford Mustang insurance in Oakland with these discounts
Companies do not advertise every discount available in a way that’s easy to find, so we break down a few of the more well known and the harder-to-find credits that may apply to you.
- Multiple Policy Discount – When you combine your auto and home insurance and place coverage with the same company you could get a discount of at least 10% off all policies.
- Multi-line Discount – Larger insurance companies have a discount if you purchase life insurance.
- Defensive Driver Discount – Taking a driver safety course may get you a small discount and also improve your driving technique.
- ABS Brakes – Vehicles with anti-lock braking systems are much safer to drive and the ABS can save up to 10%.
- Driver Education Discount – Require your teen driver to enroll in driver’s education in high school.
- Resident Student – College-age children who attend college more than 100 miles from Oakland and don’t have a car can receive lower rates.
- Multiple Cars – Drivers who insure multiple vehicles on one policy may reduce the rate for each vehicle.
- Own a Home – Just owning your own home may trigger a policy discount on car insurance because maintaining a house shows financial diligence.
- Claim-Free Discount – Drivers who don’t have accidents can earn big discounts when compared to insureds who have frequent claims or accidents.
Consumers should know that most credits do not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. Despite the appearance that you can get free auto insurance, companies don’t profit that way.
The information below shows the comparison of Ford Mustang auto insurance costs with and without discounts being applied to the rates. The premiums are based on a female driver, no accidents or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, multi-policy, safe-driver, and claim-free discounts applied.
A list of companies and the discounts they provide are outlined below.
- 21st Century may include discounts for 55 and older, anti-lock brakes, defensive driver, teen driver, theft prevention, driver training, and good student.
- Progressive has discounts for continuous coverage, online quote discount, multi-policy, multi-vehicle, online signing, homeowner, and good student.
- State Farm includes discounts for student away at school, multiple autos, passive restraint, Steer Clear safe driver discount, and safe vehicle.
- Nationwide policyholders can earn discounts including Farm Bureau membership, accident-free, defensive driving, easy pay, and good student.
- Esurance discounts include online shopper, good student, claim free, Pac-12 alumni, renters, and DriveSense.
- The Hartford offers discounts including driver training, anti-theft, vehicle fuel type, air bag, and good student.
It’s a good idea to ask every company what discounts are available to you. Some of the discounts discussed earlier might not be available to policyholders in your state. To see a list of insurance companies that offer multiple discounts in Oakland, follow this link.
Ford Mustang coverage analysis
The rate table shown below showcases estimates of insurance premium costs for Ford Mustang models. Understanding more about how car insurance premiums are determined is important for you to make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $262 | $562 | $416 | $24 | $124 | $1,388 | $116 |
| Mustang 2-Dr Coupe | $262 | $562 | $520 | $30 | $156 | $1,530 | $128 |
| Mustang GT 2-Dr Convertible | $296 | $648 | $416 | $24 | $124 | $1,508 | $126 |
| Mustang GT 2-Dr Coupe | $296 | $648 | $520 | $30 | $156 | $1,650 | $138 |
| Mustang Shelby GT500 2-Dr Convertible | $330 | $818 | $416 | $24 | $124 | $1,712 | $143 |
| Mustang Shelby GT500 2-Dr Coupe | $364 | $904 | $520 | $30 | $156 | $1,974 | $165 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific Oakland garaging location which can impact premium rates substantially.
An analysis of deductible level
The hardest decision when buying coverage is how high should the physical damage deductibles be. The following insurance rates summarize the rate fluctuation of buying low and high coverage deductibles. The first rate comparisons uses a $100 deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Mustang 2-Dr Coupe | $380 | $810 | $552 | $32 | $166 | $1,965 | $164 |
| Mustang GT 2-Dr Convertible | $430 | $932 | $442 | $26 | $132 | $1,987 | $166 |
| Mustang GT 2-Dr Coupe | $430 | $932 | $552 | $32 | $166 | $2,137 | $178 |
| Mustang Shelby GT500 2-Dr Convertible | $478 | $1176 | $442 | $26 | $132 | $2,279 | $190 |
| Mustang Shelby GT500 2-Dr Coupe | $528 | $1298 | $552 | $32 | $166 | $2,601 | $217 |
| 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 | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in zip code location which can impact price quotes noticeably.
Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $39 more each month or $468 for a full year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 10 months between claim filings, you would probably be better off if you elect the higher deductible.
How violations and accidents impact rates
The example below shows how speeding tickets and at-fault accidents can raise Ford Mustang premium costs for different insured age categories. The price estimates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
Cost comparison with and without full coverage
The information below shows the comparison of Ford Mustang insurance premiums with and without physical damage coverage. The information is based on no claims or driving citations, $100 deductibles, drivers are not married, and no other discounts are factored in.
Guidelines for dropping full coverage
There is no exact rule for dropping comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s say your Ford Mustang settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after you pay the deductible. If you are paying in excess of $200 a year to have full coverage, then it may be the right time to buy liability only.
There are some cases where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
How Your Mustang Insurance Premiums are Determined
Consumers need to have an understanding of some of the elements that come into play when calculating the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that will entitle you to lower rates. Many factors are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but other criteria are not as apparent such as whether you are married or your vehicle rating.
- Premiums are affected by your credit rating – Having a bad credit score factor in determining what you pay for insurance. People with very high credit ratings tend to be better drivers and file fewer claims than drivers with poor credit. So if your credit score could use some work, you may save money insuring your Ford Mustang if you improve your credit rating.
- Little extras can really add up – There are a lot of additional coverages that can add up on your Mustang policy. Coverages like coverage for rental cars, towing coverage, and term life insurance may be costing you every month. You may think they are a good idea when buying your policy, but your needs may have changed so consider taking them off your policy.
- Married people drive safer – Having a wife or husband may cut your premiums on your insurance policy. Having a spouse generally demonstrates drivers are more mature and responsible and it’s statistically proven that married drivers tend to have fewer serious accidents.
- Discounts for multiple policies – Most insurance companies give discounts to insureds who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be 10 percent or more. Even though this discount sounds good, consumers should still compare Ford Mustang rates in Oakland to help ensure you have the lowest rates. You may still be able to find lower rates even if you have your coverage with different companies
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Females tend to take less risk – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. This data doesn’t prove that women are better drivers. Both genders tend to get into at-fault accidents at about the same rate, but the males get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like driving under the influence (DUI). Young males are the most expensive to insure and thus pay the highest rates.
The information below visualizes the comparison of Ford Mustang insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
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Ford Mustang statistical loss data – Car insurance companies take into consideration insurance loss statistics for every vehicle when setting rates for each model. Vehicles that historically have a trend towards higher claim severity or frequency will have higher premium rates. The table below illustrates the insurance loss data used by companies for Ford Mustang vehicles.
For each coverage category, the claim amount for all vehicles combined as an average is represented as 100. Numbers below 100 represent a good loss history, while values that are above 100 show a trend for more claims or an increased chance of a larger loss.
Car Insurance Loss Data for Ford Mustang Models Make and 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Local Oakland car insurance agents
Many people would prefer to get advice from a local agent and there is nothing wrong with that. The biggest benefit of getting free rate quotes online is the fact that drivers can get cheap auto insurance rates and still have a local agent.
Upon completion of this simple form, your insurance data is immediately sent to companies in Oakland who can give free rate quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to drive around as quotes are delivered immediately to you. You can find the lowest rates without a big time investment. If you have a need to compare rates for a specific company, feel free to find their quoting web page and complete a quote there.
Finding a good insurance company should include more criteria than just the bottom line cost. Some important questions to ask are:
- Will they make sure you get an adequate claim settlement?
- By raising physical damage deductibles, how much would you save?
- Are they in the agency full-time?
- Do the coverages you’re quoting properly cover your vehicle?
- Does the company use OEM repair parts?
- How long have they been in business?
If you need to find a reliable insurance agency, it’s helpful to know the different types of agents and how they can write your policy. Oakland agents are classified as either independent agents or exclusive agents depending on their employer.
Exclusive Insurance Agencies
Agents in the exclusive channel can only write with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are usually quite knowledgeable in insurance sales and that can be a competitive advantage. Many people use the same exclusive agent mainly due to loyalty to the company and solid financial strength.
Shown below is a short list of exclusive insurance agents in Oakland that are able to give price quote information.
- Maria Wong – State Farm Insurance Agent
1000 Broadway #270 – Oakland, CA 94607 – (510) 834-3634 – View Map - State Farm Insurance – Oakland – Mat Dahms Agency
4400 Keller Ave #260 – Oakland, CA 94605 – (510) 636-1440 – View Map - Jain Williams – State Farm Insurance Agent
4222 MacArthur Blvd – Oakland, CA 94619 – (510) 530-3222 – View Map
Independent Auto Insurance Agencies
Independent agents are not restricted to one company and that is an advantage because they can write policies with any number of different companies and potentially find a lower price. If you are not satisfied with one company, your policy is moved internally and that require little work on your part.
When shopping rates, you need to check rates from a couple of independent agencies to ensure the widest selection of prices. A lot of them also have access to companies that do not advertise much that may provide cheaper auto insurance rates.
Listed below are independent insurance agencies in Oakland that are able to give rate quotes.
- Nationwide Insurance: Ruby Joyce Barnett
440 Grand Ave #450 – Oakland, CA 94610 – (510) 251-3800 – View Map - All Purpose Insurance Agency
5857 MacArthur Blvd – Oakland, CA 94605 – (510) 382-1900 – View Map - On My Way Insurance
320 10th St – Oakland, CA 94607 – (510) 893-3298 – View Map
When in doubt talk to an agent
Keep in mind that when it comes to choosing your policy, there is no one-size-fits-all type of policy. Everyone’s needs are different.
For example, these questions could help you determine if your situation would benefit from professional advice.
- If my car is totaled with they pay enough to replace it?
- Is pet coverage available?
- At what point should I drop full coverage?
- Is my camper covered for physical damage?
- Do I need rental car coverage?
- How much liability insurance is required?
- Is my babysitter covered when using my vehicle?
- Is there a penalty for late payment?
- Am I covered when driving on a suspended license?
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.
Ratings for California car insurance companies
Selecting the best auto insurance company is difficult considering how many different companies insure vehicles in Oakland. The information shown next may help you choose which companies to look at when shopping around.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Find cheaper car insurance rates by comparing often
When shopping online for car insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.
Some companies don’t offer internet price quotes and usually these small, regional companies only sell through independent agencies. More affordable car insurance in Oakland is possible on the web and also from your neighborhood Oakland agents, so you should be comparing quotes from both to get a complete price analysis.
We’ve covered many ways to compare Ford Mustang insurance auto insurance rates in Oakland. The most important thing to understand is the more quotes you get, the higher your chance of finding the cheapest Ford Mustang rate quotes. You may even discover the best price on car insurance is with some of the lesser-known companies.
More detailed car insurance information can be found in the articles below:
- Auto Insurance 101 (About.com)
- Who Has Affordable Car Insurance Quotes for Drivers Over Age 70 in Oakland? (FAQ)
- What Insurance is Cheapest for a Hyundai Sonata in Oakland? (FAQ)
- Cellphones, Texting and Driving (iihs.org)
- Choosing an Insurance Company (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)