Discount Ford Mustang insuranceWant to learn how to find cheaper car insurance rates in Honolulu, HI? Honolulu drivers have many options when trying to find low-cost Ford Mustang insurance. You can either waste hours calling around trying to get quotes or utilize the internet to make rate comparisons. There is a right way and a wrong way to find car insurance online and you need to know the proper way to quote coverages for a new or used Ford and obtain the cheapest rates.

It's important to compare prices occasionally due to the fact that insurance prices trend upward over time. If you had the best deal on Ford Mustang insurance in Honolulu a few years ago you can probably find a lower rate today. There are a lot of ways to save on Mustang insurance online, but in this article, you're going to get some of the best techniques to find affordable car insurance in Honolulu.

How You Can Control Ford Mustang Insurance Premiums

Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving record, but others are less obvious such as your marital status or your vehicle rating.

The items below are some of the things utilized by car insurance companies to help set premiums.

The companies shown below offer free rate quotes in Honolulu, HI. If multiple companies are listed, we recommend you compare several of them in order to get a fair rate comparison.

Ford Mustang Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $108 $250 $300 $18 $90 $766 $64
Mustang 2-Dr Coupe $98 $212 $312 $18 $94 $734 $61
Mustang GT 2-Dr Convertible $170 $346 $272 $16 $82 $886 $74
Mustang GT 2-Dr Coupe $136 $332 $430 $26 $128 $1,052 $88
Mustang Shelby GT500 2-Dr Convertible $250 $578 $270 $16 $80 $1,194 $100
Mustang Shelby GT500 2-Dr Coupe $246 $662 $318 $18 $96 $1,340 $112
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in Honolulu location which can revise price quotes considerably.

Annual premiums comparing men and women in Honolulu

The chart below illustrates the difference between Ford Mustang car insurance rates for male and female drivers. The premiums assume no violations or claims, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.

Car insurance deductibles

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The rates shown below can help illustrate the rate difference when you choose different physical damage deductibles. The first set of prices uses a $100 deductible and the second set of prices uses a $1,000 deductible.

Ford Mustang insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $228 $484 $264 $16 $80 $1,097 $91
Mustang 2-Dr Coupe $228 $484 $330 $20 $100 $1,187 $99
Mustang GT 2-Dr Convertible $258 $558 $264 $16 $80 $1,201 $100
Mustang GT 2-Dr Coupe $258 $558 $330 $20 $100 $1,291 $108
Mustang Shelby GT500 2-Dr Convertible $286 $704 $264 $16 $80 $1,375 $115
Mustang Shelby GT500 2-Dr Coupe $316 $778 $330 $20 $100 $1,569 $131
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Ford Mustang insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $126 $256 $264 $16 $80 $742 $62
Mustang 2-Dr Coupe $126 $256 $330 $20 $100 $832 $69
Mustang GT 2-Dr Convertible $142 $294 $264 $16 $80 $796 $66
Mustang GT 2-Dr Coupe $142 $294 $330 $20 $100 $886 $74
Mustang Shelby GT500 2-Dr Convertible $158 $372 $264 $16 $80 $890 $74
Mustang Shelby GT500 2-Dr Coupe $176 $410 $330 $20 $100 $1,036 $86
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific zip code location which can change coverage prices substantially.

Based on this data, using a $100 deductible costs roughly $35 more each month or $420 every year than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 26 months between claims, you would probably come out ahead if you elect the higher deductible.

Difference between full coverage and liability only rates

The chart below shows the difference between Ford Mustang insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Hawaii. The premiums assume no claims or driving citations, $500 deductibles, married female driver, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no definitive formula for phasing out physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 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 pretend your Ford Mustang claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are a few cases where dropping full coverage is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Auto insurance does more than just protect your car

Even though it's not necessarily cheap to insure a Ford in Honolulu, insuring your vehicle is required for several reasons.

First, almost all states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance in order to license the vehicle. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a lienholder, almost every bank will make it a condition of the loan that you buy insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender may insure your Ford at a significantly higher premium and require you to fork over for the much more expensive policy.

Third, insurance protects both your Ford Mustang and your personal assets. It also can pay for medical bills for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you have damage to your Ford as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your Mustang definitely exceed the price paid, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is wasting up to $820 a year so it's important to compare rates each time the policy renews to help ensure money is not being wasted.

Honolulu car insurance discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be inquired about before they will apply. If they aren't giving you every credit available, you're just leaving money on the table.Cheaper car insurance with discounts

Just know that most credits do not apply to your bottom line cost. Most cut individual premiums such as comp or med pay. So despite the fact that it appears you can get free auto insurance, company stockholders wouldn't be very happy.

A few companies that may have most of these discounts possibly include:

It's a good idea to ask every prospective company which discounts can lower your rates. Savings may not apply to policyholders in Honolulu. To see insurance companies that offer many of these discounts in Hawaii, click here to view.

Car insurance is available from your local insurance agencies

Some consumers prefer to have an agent's advice and that is OK! Good agents can help you choose the best coverages and help in the event of a claim. One of the best bonuses of getting free rate quotes online is that you can find lower rates and still choose a local agent.

Once you complete this short form, the coverage information is emailed to companies in Honolulu who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to search for any insurance agencies because quoted prices will be sent to you directly. If you want to get a price quote for a specific company, you would need to jump over to their website to submit a rate quote request.

Selecting an company is decision based upon more than just the premium amount. These questions are important to ask:

When finding local Honolulu agents, there are two types of insurance agents and how they function. Car insurance agents can be classified as either exclusive or independent (non-exclusive). Both provide car insurance policies, but it's worth mentioning the difference in the companies they write for because it can influence buying decisions.

Exclusive Car Insurance Agencies

Exclusive insurance agents normally can only provide a single company's rates and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agencies are unable to provide other company's prices so always compare other rates. Exclusive agencies are well trained on their products and sales techniques which helps them sell on service rather than price. Consumers frequently buy from the same agent for years mostly because of the brand legacy rather than low rates.

Shown below are exclusive agencies in Honolulu who may provide you with price quote information.

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Independent Car Insurance Agencies

These agents are not required to write business for one company and that enables them to quote your coverage through lots of different companies enabling the ability to shop coverage around. If premiums increase, the agent simply finds a different carrier and you don't have to find a new agent. When comparing rate quotes, we highly recommend that you get insurance quotes from a few independent agents so that you can do a thorough price comparison. They also have the ability to place coverage with different regional companies that may provide cheaper car insurance rates.

Below is a short list of independent insurance agents in Honolulu willing to provide comparison quotes.

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Insurance can be complex

When it comes to buying adequate coverage for your personal vehicles, there really isn't a one size fits all plan. Your needs are unique to you.Safe vehicles cost less to insure

These are some specific questions could help you determine whether or not you would benefit from professional advice.

If you don't know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form. It's fast, free and can provide invaluable advice.

Cheaper coverage is out there

We've covered a lot of information how to save on Ford Mustang insurance in Honolulu. The key concept to understand is the more rate quotes you have, the better chance you'll have of finding the cheapest Ford Mustang rate quotes. Consumers may even find the most savings is with some of the lesser-known companies.

Insureds who switch companies do it for many reasons like high prices, extreme rates for teen drivers, policy cancellation or delays in responding to claim requests. No matter why you want to switch, finding a new company is actually quite simple.

Budget-conscious Ford Mustang insurance is attainable from both online companies and from local insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance companies may not have the ability to get quotes online and many times these small insurance companies prefer to sell through independent insurance agents.

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