Save Money on Ford Mustang Insurance in Honolulu

Are you sick and tired of scraping nickels together to pay your car insurance bill each month? You are in the same boat as the majority of other people in Hawaii.

Insurance for Ford MustangSmart shoppers know that insurance companies don’t want you shop around. Insureds who compare other rates are likely to switch companies because they have good chances of finding a lower-cost company. A survey found that consumers who made a habit of comparing rate quotes saved an average of $3,450 over four years compared to people who never compared rates.

If finding the most affordable auto insurance in Honolulu is the reason for your visit, then having a good understanding how to shop and compare auto insurance can save time and make the process easier.

Lots of insurance companies contend for your hard-earned dollar, so it can be very hard to choose a insurer to discover the definitive best rate on Ford Mustang insurance in Honolulu.

It’s a good idea to get comparison quotes before your next renewal because car insurance prices are variable and change quite frequently. Even if you got the best quotes on Ford Mustang insurance in Honolulu at your last renewal other companies may now be cheaper. Forget all the misinformation about car insurance because we’re going to demonstrate the tricks you need to know to reduce your cost while improving coverage.

If you have insurance now, you will surely be able to reduce premiums using the techniques presented in this article. Finding affordable insurance coverage in Honolulu is easy if you know what you’re doing. Nevertheless, Hawaii car owners should learn how companies market insurance on the web and use it to find better rates.

How to compare Ford Mustang insurance price quotes in Honolulu, Hawaii

Most companies provide price estimates on their websites. Comparing prices online for Ford Mustang insurance in Honolulu is pretty painless as all you need to do is type in your coverage information as requested by the quote form. After the form is submitted, their system gets your driving and credit reports and provides a quote based on these factors. Quoting online for Ford Mustang insurance in Honolulu streamlines rate comparisons, and it is important to compare as many rates as possible if you want to get cheaper prices.

To quickly use this form to compare rates, compare rates now from the companies shown below. If you have a policy now, it’s recommended that you enter your coverages exactly as shown on your declarations page. This ensures you will have a fair comparison for the exact same coverage.

The companies shown below provide price comparisons in Hawaii. If several companies are displayed, we suggest you click on several of them to find the lowest car insurance rates.

Ford Mustang coverage analysis

The rate information shown below covers a range of insurance rates for Ford Mustang models. Having insight into how insurance premiums are determined can be of help when making decisions when shopping around.

Ford Mustang Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $176 $398 $278 $16 $84 $952 $79
Mustang 2-Dr Coupe $176 $398 $348 $20 $104 $1,046 $87
Mustang GT 2-Dr Convertible $198 $458 $278 $16 $84 $1,034 $86
Mustang GT 2-Dr Coupe $198 $458 $348 $20 $104 $1,128 $94
Mustang Shelby GT500 2-Dr Convertible $222 $578 $278 $16 $84 $1,178 $98
Mustang Shelby GT500 2-Dr Coupe $244 $638 $348 $20 $104 $1,354 $113
Get Your Own Custom Quote Go

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in Honolulu location which can impact insurance rates considerably.

Policy deductibles

When shopping for car insurance, a common question is where to set your physical damage deductibles. The data tables below can help illustrate how much more rates are when you select higher and lower deductibles. The first set of rates uses a $250 physical damage deductible and the second data table uses a $500 deductible.

Ford Mustang insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $204 $406 $264 $16 $80 $995 $83
Mustang 2-Dr Coupe $204 $406 $330 $20 $100 $1,085 $90
Mustang GT 2-Dr Convertible $230 $468 $264 $16 $80 $1,083 $90
Mustang GT 2-Dr Coupe $230 $468 $330 $20 $100 $1,173 $98
Mustang Shelby GT500 2-Dr Convertible $258 $590 $264 $16 $80 $1,233 $103
Mustang Shelby GT500 2-Dr Coupe $284 $652 $330 $20 $100 $1,411 $118
Get Your Own Custom Quote Go

Ford Mustang insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Mustang 2-Dr Convertible $166 $328 $264 $16 $80 $854 $71
Mustang 2-Dr Coupe $166 $328 $330 $20 $100 $944 $79
Mustang GT 2-Dr Convertible $188 $378 $264 $16 $80 $926 $77
Mustang GT 2-Dr Coupe $188 $378 $330 $20 $100 $1,016 $85
Mustang Shelby GT500 2-Dr Convertible $210 $476 $264 $16 $80 $1,046 $87
Mustang Shelby GT500 2-Dr Coupe $230 $526 $330 $20 $100 $1,206 $101
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in Honolulu location which can modify coverage prices considerably.

Based on this data, using a $250 deductible will cost you roughly $14 more each month or $168 every year than quoting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 18 months between claim filings, you would probably save some money if you opt for a higher deductible.

The information below demonstrates how deductible levels and can change Ford Mustang premium costs for each age group. The information is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Driving violations and accidents

The diagram below highlights how speeding tickets and at-fault accidents influence Ford Mustang premium costs for each age group. The data assumes a single female driver, full coverage, $500 deductibles, and no additional discounts are factored in.

Cost of full coverage

The chart below shows the difference between Ford Mustang auto insurance rates with full physical damage coverage and with liability coverage only. The data is based on no accidents or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying full coverage

There is no definitive guideline of when to phase out full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s say your Ford Mustang book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $2,000 after paying your deductible. If premiums are more than $200 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few cases where eliminating full coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Auto insurance in Hawaii serves several purposes

Despite the high insurance cost for a Ford Mustang in Honolulu, insurance is required in Hawaii but also provides important benefits.

The benefits of insuring your car definitely exceed the price paid, especially if you ever need it. According to a survey of 1,000 drivers, the average driver overpays as much as $865 each year so we recommend shopping around each time the policy renews to be sure current rates are still competitive.

Auto insurance coverages

Learning about specific coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average car insurance policy.

Auto collision coverage

Collision coverage covers damage to your Mustang resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like damaging your car on a curb, sideswiping another vehicle, scraping a guard rail, rolling your car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible on your Mustang to save money on collision insurance.

Coverage for liability

Liability coverage protects you from injuries or damage you cause to other’s property or people that is your fault. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 20/40/10 that translate to a $20,000 limit per person for injuries, a limit of $40,000 in injury protection per accident, and a limit of $10,000 paid for damaged property.

Liability insurance covers things such as structural damage, medical services and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford. Hawaii state minimum liability requirements are 20/40/10 but it’s recommended drivers buy more liability than the minimum.

The next chart shows why buying minimum limits may not be high enough to adequately cover claims.

Medical costs insurance

Coverage for medical payments and/or PIP pay for immediate expenses such as dental work, EMT expenses, pain medications and doctor visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hail damage, falling objects, a tree branch falling on your vehicle, damage from flooding and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Ford Mustang.

Since a lot of drivers have only the minimum liability required by law (which is 20/40/10), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Hawaii car insurance company ratings

Insuring your vehicle with the best auto insurance provider can be rather challenging considering how many companies there are to choose from in Honolulu. The company information shown next could help you analyze which car insurance providers to look at comparing rates with.

Top 10 Honolulu Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. GEICO
  6. Liberty Mutual
  7. Allstate
  8. The Hartford
  9. Farmers Insurance
  10. Safeco

Don’t give up on cheaper premiums

We covered a lot of information how to shop for Ford Mustang insurance online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. You may even find the best price on insurance is with the smaller companies. Some small companies can often insure niche markets at a lower cost than their larger competitors like Progressive and GEICO.

When searching for affordable Ford Mustang insurance quotes, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed liability limits or collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

Steps to saving on Ford Mustang insurance in Honolulu

The best way to get the cheapest auto insurance rates is to start comparing prices yearly from different companies who sell auto insurance in Honolulu. You can shop around by completing these steps.

One piece of advice is to make sure you’re comparing identical coverage information on every quote and and to look at as many carriers as you can. Doing this enables an apples-to-apples comparison and a complete selection of prices.

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