Cheapest 1998 Ford Mustang SVT Cobra Insurance Rates in 2024

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 1, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Overpriced Ford Mustang SVT Cobra insurance can dwindle your personal savings, especially in this economy. Comparison shopping is free and is an excellent way to reduce premiums and put more money in your pocket.

Big companies like GEICO, Progressive and Allstate persistently shower you with TV and radio ads and it can be hard to see past the geckos and flying pigs and take the time to shop coverage around.

You should take the time to do rate comparisons quite often because prices are adjusted regularly by insurance companies. Even if you think you had the lowest rates for Mustang SVT Cobra coverage last year you can probably find a lower rate today. There is a lot of wrong information about insurance coverage on the web, but we’re going to give you some great ideas on how to save money.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But vehicle owners need to have an understanding of the way insurance companies sell insurance online.

The method we recommend to compare car insurance company rates is to understand auto insurance companies pay for the opportunity to give you rate quotes. All you need to do is provide a small amount of information including driver ages, whether you are single or married, how many miles driven, and how much education you have. That information is instantly provided to many of the top insurers and they return cost estimate quickly.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether or not you will benefit from professional help.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I have newly-acquired coverage?
  • Am I covered if I wreck a rental car?
  • Should I waive the damage coverage when renting a car?
  • Can I get a multi-policy discount?
  • Does coverage extend to my business vehicle?
  • Do I need added coverage for expensive stereo equipment?
  • What is the difference between comprehensive and collision coverage?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Auto insurance coverages 101

Having a good grasp of your policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types available from auto insurance companies.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like surgery, ambulance fees and prosthetic devices. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.


Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

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 commonly see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like court costs, funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and legal defense fees. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, theft, vandalism, falling objects and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Use our FREE quote tool to compare rates now!

Frequently Asked Questions

What factors affect the cost of insurance for a 1998 Ford Mustang SVT Cobra?

Several factors can influence the cost of insurance for a 1998 Ford Mustang SVT Cobra. These factors include the driver’s age, driving history, location, coverage options, deductible amount, annual mileage, and the value of the vehicle.

How can I find the cheapest insurance for my 1998 Ford Mustang SVT Cobra?

To find the cheapest insurance for your 1998 Ford Mustang SVT Cobra, consider the following steps:

  1. Shop around and compare quotes from multiple insurance providers.
  2. Opt for higher deductibles if you can afford them, as this can lower your premium.
  3. Maintain a clean driving record and consider taking defensive driving courses.
  4. Ask about available discounts, such as multi-policy, multi-car, or safe driver discounts.
  5. Consider reducing coverage on an older vehicle if it’s financially feasible.

Are there any specific insurance providers that offer affordable coverage for a 1998 Ford Mustang SVT Cobra?

While specific insurance providers’ rates can vary depending on various factors, it’s advisable to contact different insurance companies and request quotes tailored to your 1998 Ford Mustang SVT Cobra. Some well-known insurance providers that may offer coverage for classic or older vehicles include Geico, Progressive, State Farm, and Allstate.

Do modifications to my 1998 Ford Mustang SVT Cobra affect insurance costs?

Yes, modifications to your 1998 Ford Mustang SVT Cobra can affect insurance costs. Aftermarket modifications, such as engine enhancements, body kits, or suspension modifications, can increase the vehicle’s value and potentially raise the premium. It’s crucial to inform your insurance provider about any modifications to ensure adequate coverage.

Is classic car insurance an option for a 1998 Ford Mustang SVT Cobra?

While eligibility for classic car insurance can vary depending on the insurance provider, a 1998 Ford Mustang SVT Cobra may not meet the typical criteria for classic car insurance. Generally, classic car insurance is intended for older vehicles that are at least 25-30 years old, have limited use, and are in well-preserved condition. However, it’s worth checking with insurance companies that specialize in classic car coverage to explore your options.

Can I reduce insurance costs for my 1998 Ford Mustang SVT Cobra by storing it in a garage?

Storing your 1998 Ford Mustang SVT Cobra in a garage when not in use can potentially lower insurance costs. Insurance providers often consider vehicles stored in a secure garage to be at a lower risk of theft, vandalism, or weather damage. By reducing these risks, insurance companies may offer discounts or lower premiums.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

You May Also Enjoy These Articles