Is $70 a good price for full coverage on a Ford Mustang?

I was looking to lower the full-coverage rate on my sports car, which is currently at $225 a month. When I researched some quotes, I found full coverage for $70 from Progressive. It sounds too good to be true. Am I missing something?

Answer provided by
Eric Schad
Answered on Apr 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Oddly enough, $225 is a fair price for full-coverage insurance on a sports car like a Mustang. That said, $70 seems too good to be true for full coverage, even from a reputable company such as Progressive.
It may be that this is just the liability insurance portion of the quote, or maybe the deductible is thousands of dollars. Before you switch your policy, you might want to make a call to Progressive to make sure that $70 is the correct rate.”

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