Mustang Insurance – What You Need To Know
The Ford Mustang, one of the most successful cars of all time, is surely a great investment to the owner. Such an investment definitely necessitates a mandatory insurance to protect the owner from loss.
The Ford mustang insurance prices are pretty low and considering the car’s great features it is insignificant. The car sports an excellent design and is perfectly suited for racing. This very fact makes it absolutely essential to insure your mustang, in order to fully exploit the potentials of the car. Generally the insurance group ranges of family cars are less and sports cars are high. Higher the insurance group range, higher is the insurance premium you end up paying.
All mustang insurance for 20 year old, with its rugged appearance and better design is also equipped with the latest in automobile safety features. With dual-stage air bags, traction and stability control, the ford mustang is filled with safety features. This safety factor impacts the Ford mustang insurance rates.
The insurance is however going to prove fruitful. The car is built for racing and is very easy to maneuver. Having insured your car, you can drive freely with the thought that your investment is well protected.
Those who bought the car for its awesome speed are sure to drive swiftly and possibly put the car in risky situations. For such drivers, the insurance will greatly help them compensate for their losses in case of accidents. Also by careful selection of insurance providers, you can earn compensation even for the passengers, say your family members who have accompanied you in your travel during the accident.
It is also not advisable to invest too much of your money in insurance. Some states have death claim amounts as low as $15000 per person.
This is quite affordable money and insurance premium need not be extended.
The birth of the Ford Mustang also saw the birth of the phrase ‘pony car’ which is a term used to describe an American car that is both sporty and affordable. Most Pony cars are epitomized by their inexpensiveness, small compact size and over powered engines.
In the late 1950’s Ford saw sales of its 2 seat Thunderbird decline and in 1958 introduced a new larger 4 seater version which after its introduction in 1958 was incredibly successful.
The competition between Ford and Chevrolet has always been fierce with both large companies trying to appeal to similar markets. This lead to the introduction of the Chevrlet Corvair in 1960 that was the catalyst that forced Ford to create the Thunderbird’s successor which was called the Futura and Futura Sprint. The competition lead the other manufacturer to follow Ford’s example with Plymouth introducing the Valient Signet and Dodge creating the Dart GT and it wasn’t long before Oldsmobile, Pontiac and Buick joined the competition.
All of these cars were a commercial success but some top auto executives including Ford’s Lee Iacocca believe that there was a bigger market that they could capture. They saw that there was a niche market of younger car buys with a disposable income looking to purchase affordable cars with a more sporty image.
This lead to the creation of the Ford Mustang in 1964 which proved to be an enormous success. Ford initially forecasted sales of just a mear 100, 000 but orders totalled 22,000 in the first day alone. By the end of that year sales had reached a staggering 618,812 units.
The Ford Mustang became the car that all the other manufacturers wanted to emulate and lead to the new phrase ‘pony car’ being adopted. The term was first used by Dennis Shattuck who was the editor at Car Life magazine around that time and created it based on the equestrian sounding Ford Mustang.
The Ford Mustang is one of Ford’s oldest running names together with the F-Series and the Falcon which is still in production in Australia. Over the years there have been 5 generations of Mustang with the 1970’s seeing a diversion from the lightweight original Mustang urging fans of the early 1964 design to force Ford to go back to its 1960’s roots.
For more information, you can check out mustangquotes.org