Compare 2014 Ford Shelby GT500 Car Insurance Quotes

Searching for better insurance prices for a Ford Shelby GT500 can normally be a lot of work, but you can learn these tips and make it easy. There are both good and bad ways to shop for insurance so we’re going to tell you the absolute fastest way to get price quotes for a Ford and get the cheapest rates either online or from local insurance agents.

Some factors that can determine what Ford Shelby GT500 insurance costs

Consumers need to have an understanding of the rating factors that help determine your auto insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that can help you get much lower annual insurance costs.

  • Extra add-on coverages are wasting money – There are a lot of extra bells and whistles that you can buy on your auto insurance policy. Insurance for rental car reimbursement, towing coverage and additional equipment coverage may be costing you every month. They may seem like a good idea at first, but now you might not need them so eliminate the coverages to reduce your premium.
  • Where you live – Living in small towns and rural areas has it’s advantages when buying auto insurance. Lower population means a lower chance of having an accident and a lower car theft rate. Urban drivers tend to have congested traffic and longer commute times. Longer commute distances means higher likelihood of an accident.
  • You might want pay the small claims yourself – Car insurance companies give discounts to insureds who are claim-free. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • Credit scores impact auto insurance rates – Your credit rating is a big factor in determining your rates. Consumers who have excellent credit tend to be less risk to insure than those with lower credit scores. Therefore, if your credit score can use some improvement, you could pay less to insure your 2014 Ford Shelby GT500 by spending a little time repairing your credit.
  • Bad driving skills means higher rates – Even one speeding ticket can increase rates by as much as thirty percent. Good drivers get better rates compared to drivers with tickets. If you have flagrant violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Low deductibles can be expensive – Physical damage deductibles represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. Examples of covered claims are colliding with a building, damage from fire, and windstorm damage. The more money you’re willing to pay, the lower your rates will be on Shelby GT500 insurance.
  • Multi-policy discounts can save money – The majority of insurance companies give discounts to insureds who consolidate policies with them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even though this discount sounds good, it’s still a good idea to compare other company rates to make sure you are getting the best deal.
  • Rates may be lower depending on your job – Occupations such as doctors, social workers and accountants tend to pay higher rates than average attributed to high stress levels and long work days. On the flip side, jobs such as farmers, athletes and retirees have the lowest average rates on Shelby GT500 insurance.

Low Cost Insurance Coverage

Most major insurance companies provide prices online. This process is pretty easy as you just type in the coverages you want as detailed in the form. When complete, their system gets your driving record and credit report and quotes a price.

Online quotes helps simplify price comparisons, but the time required to go to many different websites and enter the same data into a form can be a bit repetitive. But it’s very important to perform this step in order to get the best price possible.

Compare rates the easy way

The quickest way to find cheaper rates is to use a quote form to obtain quotes from more than one company. This type of form saves time, requires less work, and makes online shopping a little more enjoyable. After sending the form, it is rated and you can select any one of the quotes that you receive. If one or more price quotes are lower than your current rates, you simply finish the application and buy the new coverage. This process takes 15 minutes at the most and could lower your rates considerably.

If you want to find out how much you can save on insurance coverage, click here and input your coverage information. If you have your current policy handy, we recommend you replicate deductibles and limits as close as possible to your current policy. This way, you will have rate quotes using the same coverage and limits.

Be sure to get all your discounts

Companies offering auto insurance do not list all available discounts very clearly, so we took the time to find some of the best known and the harder-to-find ways to save on car insurance. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Sign Early and Save – Some companies give discounts for switching to them prior to your current policy expiring. It can save you around 10%.
  • New Vehicle Savings – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • E-sign – A few companies may give you up to $50 for buying a policy and signing up over the internet.
  • Club Memberships – Being a member of a civic or occupational organization could trigger savings on car insurance on Shelby GT500 insurance.
  • Payment Discounts – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you may earn approximately 10% to 15%.
  • One Accident Forgiven – A few companies will forgive one accident without raising rates if your claims history is clear prior to the accident.
  • Low Mileage Discounts – Low mileage vehicles could qualify for better rates on cars that stay parked.
  • Homeowners Discount – Owning a house can save you money because maintaining a house requires personal responsibility.
  • Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability and collision coverage. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of insurance companies with discount car insurance rates, click this link.

How do I know if I need professional advice?

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

These are some specific questions could help you determine if your situation might need professional guidance.

  • Is a fancy paint job covered?
  • Is my state a no-fault state?
  • What is UM/UIM insurance?
  • Do I need to file an SR-22 for a DUI in my state?
  • I have a DUI can I still get coverage?
  • Am I covered if my car is in a flood?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form. It only takes a few minutes and you can get the answers you need.

What car insurance coverages do you need?

Knowing the specifics of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be confusing and reading a policy is terribly boring.

Medical expense insurance – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like surgery, dental work, prosthetic devices, funeral costs and X-ray expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like theft, damage from flooding and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability – This coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as court costs, emergency aid and structural damage. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Ford Shelby GT500.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Collision – This covers damage to your Shelby GT500 resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like driving through your garage door, hitting a mailbox, sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Final considerations

We covered many tips how you can shop for 2014 Ford Shelby GT500 insurance online. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates come from some of the smallest insurance companies.

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. In too many instances, an insured cut liability coverage limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your focus should be to find the BEST coverage at the best price while not skimping on critical coverages.

Cheaper insurance is possible online as well as from independent agents, so compare prices from both to have the best selection. Some companies don’t offer online price quotes and these small, regional companies work with independent agents.

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