Remarkably, a study showed that most auto insurance buyers kept buying from the same company for at least the last four years, and nearly half have never compared auto insurance rates at all. Missouri drivers can cut their rates by $300 a year just by shopping around, but they don’t believe the amount of money they would save if they just switched companies.
If saving the most money is your goal, then the best way to find cheaper quotes for Ford Mustang insurance in Kansas City is to compare prices annually from insurance carriers that sell auto insurance in Missouri. Rate comparisons can be done by following these steps.
- Step 1: It will benefit you to learn about how auto insurance works and the measures you can control to prevent high rates. Many policy risk factors that cause rate increases such as traffic citations and a not-so-good credit score can be eliminated by making lifestyle changes or driving safer. Keep reading for the details to get lower rates and find more discounts that you may not know about.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple insurance companies.
- Step 3: Compare the new rates to your existing policy to see if switching to a new carrier will save money. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
A key point to remember is to use the same coverage limits and deductibles on each quote request and and to get prices from as many car insurance companies as possible. This helps ensure an apples-to-apples comparison and maximum price selection.
Which Ford Mustang insurance is cheapest in Kansas City?
When price shopping your coverage, comparing more rates from different companies helps locate the best offered rates.
The companies shown below offer free rate quotes in Kansas City, MO. If multiple companies are listed, we recommend you visit as many as you can in order to find the most competitive rates.
Ford Mustang coverage analysis
The price information displayed below outlines estimates of rate quotes for Ford Mustang models. Having a better idea how car insurance prices are calculated can be valuable when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $130 | $280 | $256 | $16 | $76 | $758 | $63 |
| Mustang 2-Dr Coupe | $130 | $280 | $320 | $18 | $96 | $844 | $70 |
| Mustang GT 2-Dr Convertible | $148 | $322 | $256 | $16 | $76 | $818 | $68 |
| Mustang GT 2-Dr Coupe | $148 | $322 | $320 | $18 | $96 | $904 | $75 |
| Mustang Shelby GT500 2-Dr Convertible | $164 | $408 | $256 | $16 | $76 | $920 | $77 |
| Mustang Shelby GT500 2-Dr Coupe | $180 | $450 | $320 | $18 | $96 | $1,064 | $89 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase price quotes significantly.
Auto insurance deductibles
One common question asked by Kansas City drivers is how high should the deductibles for physical damage be. The tables below lay out the costs and benefits between high and low coverage deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $230 | $488 | $266 | $16 | $80 | $1,105 | $92 |
| Mustang 2-Dr Coupe | $230 | $488 | $332 | $20 | $100 | $1,195 | $100 |
| Mustang GT 2-Dr Convertible | $258 | $562 | $266 | $16 | $80 | $1,207 | $101 |
| Mustang GT 2-Dr Coupe | $258 | $562 | $332 | $20 | $100 | $1,297 | $108 |
| Mustang Shelby GT500 2-Dr Convertible | $288 | $710 | $266 | $16 | $80 | $1,385 | $115 |
| Mustang Shelby GT500 2-Dr Coupe | $318 | $782 | $332 | $20 | $100 | $1,577 | $131 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $128 | $258 | $266 | $16 | $80 | $748 | $62 |
| Mustang 2-Dr Coupe | $128 | $258 | $332 | $20 | $100 | $838 | $70 |
| Mustang GT 2-Dr Convertible | $144 | $296 | $266 | $16 | $80 | $802 | $67 |
| Mustang GT 2-Dr Coupe | $144 | $296 | $332 | $20 | $100 | $892 | $74 |
| Mustang Shelby GT500 2-Dr Convertible | $160 | $374 | $266 | $16 | $80 | $896 | $75 |
| Mustang Shelby GT500 2-Dr Coupe | $176 | $412 | $332 | $20 | $100 | $1,040 | $87 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Prices do not factor in specific location which can lower or raise premiums substantially.
Based on these figures, using a $100 deductible costs roughly $35 more each month or $420 each year averaged for all Mustang models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go more than 26 months between claim filings, you would probably come out ahead if you opt for a higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $100 deductibles: | $108 |
| Average monthly premium for $1,000 deductibles (subtract): | – $73 |
| Monthly savings from raising deductible: | $35 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $35 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
An important sidenote is that a higher deductible means you will have to pay more when you do file a claim. It will be required that you have some extra savings in order to pay more to get your vehicle repaired.
How accidents and violations affect rates
The information below shows how violations and at-fault claims drive up Ford Mustang auto insurance rates for different age categories. The information is based on a single female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
Kansas City auto insurance discounts
The price of auto insurance can be rather high, but there could be available discounts to help offset the cost. Many discounts should be triggered at the time you complete a quote, but a few must be requested specifically before you get the savings.
- Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
- Drive Less and Save – Keeping the miles down on your Ford could earn cheaper rates.
- Bundle and Save – If you combine your auto and home policies and insure them both with the same insurance company you could save nearly 15% which can help you find inexpensive Ford Mustang insurance in Kansas City.
- Multi-line Discount – Companies who offer life insurance give better prices if you take out life insurance from them.
- Anti-lock Brakes – Vehicles that have steering control and anti-lock brakes have fewer accidents so you can save 10 percent or more.
- Discounts for New Vehicles – Buying a new car model can save you some money since newer models are generally safer.
- Government Employee Discount – Active or former government employment could cut as much as 10% off with a few auto insurance companies.
- Onboard Data Collection – Policyholders that allow companies to look at driving patterns by using a small device installed in their vehicle such as State Farm’s In-Drive might get better premium rates as long as they are good drivers.
A little disclaimer on discounts, many deductions do not apply to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, that’s just not realistic.
The information below shows the comparison of Ford Mustang yearly insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims or driving violations, Missouri 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 claim-free, multi-car, homeowner, multi-policy, marriage, and safe-driver discounts applied.
Some companies that have most of these discounts possibly include:
If you need lower rates, check with each insurance company what discounts are available to you. Savings may not be available in every state. To see auto insurance companies who offer auto insurance discounts in Missouri, click here.
Here’s why car insurance is not optional
Even though it can be expensive, insurance may be required and benefits you in several ways.
First, just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to drive the car legally. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your car, most banks will require you to buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Ford at a more expensive rate and force you to reimburse them the higher premium.
Third, insurance protects both your Ford and your personal assets. It will also pay for medical bills for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of insuring your Mustang definitely exceed the cost, especially if you ever need it. But the average driver in Missouri is wasting up to $700 annually so you should quote and compare rates each time the policy renews to make sure the price is not too high.
Buying car insurance from Kansas City auto insurance agents
Some people just want to sit down with an agent and often times that is recommended An additional benefit of comparing rate quotes online is you may find cheap rate quotes but still work with a licensed agent. And buying from local agents is definitely important in Kansas City.
By using this form (opens in new window), your information is sent to companies in Kansas City who will return price quotes and help you find cheaper coverage. You won’t need to find an agent on your own because prices are sent straight to your inbox. You can most likely find cheaper rates AND an agent nearby. If you wish to get a rate quote from one company in particular, you just need to jump over to their website and complete a quote there.
Picking a provider should include more criteria than just a cheap price. These questions are important to ask:
- Do they make recommendations based only on price?
- Which family members are covered?
- Can you get a list of referrals?
- What are the financial ratings for the companies they represent?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are they involved in claim handling?
- If you have an accident, will your rates go up?