Best Insurance for a Ford Mustang in Oakland

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.

Insurance for Ford MustangIt 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.Cheaper car insurance with discounts

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.

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.

Ford Mustang Insurance Rates in Oakland, CA
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
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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.

Ford Mustang insurance premium estimates with $100 deductibles
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
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Ford Mustang insurance premium estimates with $500 deductibles
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
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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.

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:

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.

More Oakland agents

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.

More Oakland agents

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.Safe vehicles cost less to insure

For example, these questions could help you determine if your situation would benefit from professional advice.

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.

Best Car Insurance Companies in California
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: 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.

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