2007 Ford Shelby GT500 Insurance Rates

Searching for cheaper insurance coverage rates for your Ford Shelby GT500? Locating cheaper insurance for a Ford Shelby GT500 can be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy insurance coverage so you’re going to learn the proper way to quote coverages for a new or used Ford and get the lowest possible price either online or from local insurance agents.

It’s a great practice to get comparison quotes at least once a year since rates go up and down regularly. Even if you got the lowest rates for Shelby GT500 insurance last year a different company probably has better rates today. Block out anything you think you know about insurance coverage because you’re about to learn the easiest way to find the best coverage while lowering your premiums.

If you have a current insurance coverage policy or need new coverage, you will benefit by learning to get lower rates and still get good coverage. Locating more affordable insurance coverage is quite easy. Consumers just need to understand the proper methods to compare price quotes over the internet.

Vehicle Insurance Comparison

All major car insurance companies provide pricing directly from their websites. Getting online quotes is fairly simple as you simply enter your personal and coverage information into the quote form. After you submit the form the company’s rating system automatically orders your credit score and driving record and returns pricing information.

Online price quotes streamlines rate comparisons, but the time required to go to each company’s website and repetitively fill out multiple forms can get tiresome after awhile. But it is imperative to perform this step if you are searching for better car insurance pricing.

There is an easier way!

A less time-consuming method to find better car insurance pricing requires only one form to get prices from more than one company. It’s a real time-saver, eliminates repetitive work, and makes online quotes much more enjoyable. After sending the form, it gets priced with multiple companies and you can pick 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 purchase coverage. It can be completed in a matter of minutes and can result in significant savings.

To use this form to compare rates, click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you type in the coverages exactly as they are listed on your policy. This helps ensure you’re receiving an apples-to-apples comparison for similar coverage.

Cut your insurance coverage rates with discounts

Insurance can be prohibitively expensive, but there are discounts available that you may not know about. Some trigger automatically when you get a quote, but a few must be manually applied before being credited. If you’re not getting every credit you qualify for, you’re paying more than you need to.

  • Bundle and Save – When you have multiple policies with one company you may earn approximately 10% to 15%.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if offered at their school.
  • Defensive Driver – Successfully completing a course in driver safety can save you 5% or more depending on where you live.
  • Safe Driver Discount – Safe drivers may save up to 50% more for Shelby GT500 insurance than drivers with accidents.
  • Resident Student – Any of your kids who attend school more than 100 miles from home and don’t have a car can be insured at a reduced rate.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will cut your overall premium however.

A partial list of companies that may have these money-saving discounts include:

Before buying, ask all companies you are considering which discounts you may be entitled to. Savings might not be offered in your area.

You are unique and your insurance should be too

When buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining whether your personal situation may require specific advice.

  • How can I find cheaper teen driver insurance?
  • How can I get high-risk coverage after a DUI?
  • Do I benefit by insuring my home with the same company?
  • What is the minimum liability in my state?
  • Does my liability insurance cover pulling a trailer or camper?
  • Will my rates increase for filing one claim?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.

Some factors that can determine what Ford Shelby GT500 insurance costs

An important part of buying insurance is that you know the factors that help determine your insurance rates. Knowing what influences your rates helps enable you to make changes that will entitle you to big savings.

  • Younger drivers pay higher rates – Teenage drivers are known to be more careless in a vehicle so insurance rates are higher. Mature drivers are viewed as being more responsible, file fewer claims and get fewer tickets.
  • Being married can save on insurance – Being married actually saves money on your insurance policy. Having a significant other usually means you are more mature and responsible and statistics show drivers who are married are more cautious.
  • High credit ratings translate to low rates – A driver’s credit score is a important factor in determining what you pay for insurance. Drivers with high credit ratings tend to file fewer claims and have better driving records as compared to drivers with poor credit. If your credit score is low, you could be paying less to insure your 2007 Ford Shelby GT500 by spending a little time repairing your credit.
  • Men fork out a little more – Statistics demonstrate that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Women and men cause accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as reckless driving.

Do drivers who switch really save $474 a year?

Consumers can’t ignore all the ads for cheaper car insurance from companies such as Progressive, Geico, Allstate and State Farm. All the companies say the same thing of big savings if you change your policy.

How can each company make almost identical claims? This is how they do it.

All companies have a certain “appetite” for the right customer they prefer to insure. For instance, a preferred risk could be between 30 and 50, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters will get very good rates and therefore will save when switching.

Drivers who are not a match for these standards will be quoted a higher premium and this can result in business going elsewhere. Company advertisements say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can make the claims of big savings.

This emphasizes why drivers must get a wide range of price quotes. It’s impossible to know the company that will give you the biggest savings on Ford Shelby GT500 insurance.

Insurance coverage specifics

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as ambulance fees, EMT expenses, nursing services, hospital visits and prosthetic devices. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as driving through your garage door, damaging your car on a curb, scraping a guard rail, hitting a mailbox and colliding with a tree. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Liability auto insurance – This coverage will cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like repair bills for other people’s vehicles, structural damage, pain and suffering, court costs and medical services. How much coverage you buy is your choice, but you should buy as much as you can afford.

Uninsured and underinsured coverage – This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Ford Shelby GT500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently the UM/UIM limits are set the same as your liablity limits.

Comprehensive coverages – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, hail damage, damage from getting keyed, a tree branch falling on your vehicle and falling objects. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Get your money’s worth

In this article, we presented a lot of information how to compare 2007 Ford Shelby GT500 insurance prices online. The key concept to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the most savings is with a smaller regional carrier.

As you go through the steps to switch your coverage, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where an insured dropped liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage for the lowest price while still protecting your assets.

Lower-priced insurance can be found from both online companies and also from your neighborhood agents, so compare prices from both to have the best selection. Some companies may not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.

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