Insuring a 1996 Ford Mustang with liability-only coverage in Colorado involves several factors, including the driver’s age, driving history, and specific location. Here’s an overview to help you understand potential costs and considerations:
Average Liability-Only Insurance Costs:
- National Average: For a Ford Mustang, liability-only insurance costs approximately $518 annually.
- Colorado Average: In Colorado, the average cost for liability-only car insurance is around $717 annually for coverage limits of 50/100/50.
| Mother & Son in Colorado |
|---|
| Year/Make Model: 1996 Ford Mustang |
| Ownership Status: Own |
| Discounts: Continuous Insurance, 5 year accident free, 3 year safe driving |
| Selected Coverages With Progressive |
|---|
| Bodily Injury Liability: $25,000 per person, $50,000 per accident |
| Property Damage Liability: $25,000 |
| Uninsured Motorist Bodily Injury: N/A Comprehensive: N/A Collision: N/A |
| Other Rejected Coverages: Personal Injury Protection, Underinsured Motorist, Medical Payments |
Single young man in his early 20’s looking to insure his 1996 vehicle with his mother on the policy as well. Since the vehicle is older, they just wanted basic coverage that would allow him to drive legally. We were able to provide this for him with Progressive.
Total 6 Month Premium: $1,114.50
Factors Influencing Insurance Costs:
- Driver’s Age: Younger drivers often face higher premiums due to inexperience.
- Driving Record: A clean driving history can lead to lower rates.
- Location: Urban areas may have higher rates compared to rural areas.
- Coverage Limits: Higher liability limits can increase premiums.
Tips to Lower Your Premium:
- Maintain a Clean Driving Record: Avoid traffic violations and accidents.
- Bundle Policies: Consider combining auto and home insurance for discounts.
- Shop Around: Compare quotes from multiple insurers to find the best rate.
- Inquire About Discounts: Ask about discounts for safe driving, multiple vehicles, or being a student.
Monthly Installments: $177.17