Compare 2010 Ford Shelby GT500 Insurance Rates

Nobody I know looks forward to buying insurance, in particular when the price is too high.

Lots of car insurance companies contend for your insurance dollar, and because of this it can be hard to compare car insurance companies and get the definite cheapest price

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these techniques. Buying car insurance is not rocket science. Nevertheless, vehicle owners do need to know the methods companies use to price insurance differently and apply this information to your search.

Low Cost Auto Insurance

To find the best auto insurance prices, there are several ways to compare rate quotes and find the best price. The quickest method to find the cheapest 2010 Ford Shelby GT500 insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  • One of the simplest ways consumers can analyze rates is to use a rate comparison form click to view form in new window. This type of form prevents you from having to do repetitive form submissions for each company. One form submission will return price quotes direct from many companies.
  • Another way to obtain and compare quotes online is to manually visit the website for every company you want to comare and request a quote. For instance, let’s say you want to compare Nationwide, Esurance and Travelers. To get rate quotes you would need to visit each site and enter your information, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  • The most time-consuming way of getting rate comparisons is to drive around to local insurance agencies. The internet can eliminate the need for a local agent unless you require the trained guidance that only a license agent can provide. Drivers can comparison shop online and still use a local agent. We’ll cover that shortly.

It’s your choice how you get your quotes, but ensure you are comparing exactly the same coverage limits and deductibles for each price quote. If you have unequal deductibles or liability limits it will be very difficult to determine which rate is truly the best. Having just a slight variation in limits can mean a large discrepancy in price. It’s important to know that obtaining a wide range of quotes helps locate the best rates.

Are you falling for claims of savings?

Car insurance providers like Allstate and Progressive consistently run ads in print and on television. They all make an identical promise that you can save if you change to their company. How does each company make almost identical claims? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that makes them money. A good example of a profitable customer could possibly be over the age of 40, has no tickets, and has a high credit rating. A customer getting a price quote that hits that “sweet spot” receives the best rates and as a result will probably save a lot of money.

Potential insureds who do not match this ideal profile will have to pay higher rates and this can result in business going elsewhere. The ads state “customers that switch” not “everyone that quotes” save that much. That’s why companies can truthfully advertise the way they do.

Because of the profiling, drivers must get as many comparisons as possible. You cannot predict which insurance companies will give you the biggest savings on Ford Shelby GT500 insurance.

Complexity of Ford Shelby GT500 insurance rates

An important part of buying insurance is that you know the factors that play a part in calculating your insurance rates. When you know what positively or negatively impacts premium levels enables informed choices that may reward you with better insurance rates.

  • Claim-free discounts can add up – If you frequently file small claims, you can pretty much guarantee either higher rates or even cancellation. Companies give better rates to insureds who file claims infrequently. Car insurance is intended for the large, substantial claims.
  • Choose a safe vehicle and save – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles protect occupants better and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your Ford Shelby GT500 earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Liability insurance protects assets – The liability section of your policy is the coverage that protects you if ever a jury decides you are liable for personal injury or accident damage. It will provide you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Older drivers save more – Teen drivers are statistically proven to get distracted easily when driving so they pay higher insurance rates. Having to add a young driver to your policy can really hurt. More mature drivers are more responsible, tend to cause fewer accidents and are safer drivers.
  • Lower deductibles cost more – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Ford. Some examples of claims that would be covered could be collision with another vehicle, collision with an animal, and burglary. Deductibles for physical damage are how much you are required to spend if you file a covered claim. The more the insured has to pay upfront, the bigger discount you will receive on Shelby GT500 coverage.
  • Men pay higher rates – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men tend to get into accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to have more aggressive citations such as reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.

Take discounts and save

Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Most are applied at the time of purchase, but a few must be asked about prior to receiving the credit.

  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums on Shelby GT500 coverage.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could cut 10% or more off the personal injury premium cost.
  • Early Switch Discount – Select companies give a discount for switching policies prior to your current policy expiration. It’s a savings of about 10%.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Low Mileage Discounts – Fewer annual miles on your Ford can qualify you for a substantially lower rate.
  • Organization Discounts – Being a member of a qualifying organization could trigger savings when buying insurance coverage on Shelby GT500 coverage.
  • Paperwork-free – A handful of insurance companies give back up to $50 just for signing your application online.

It’s important to note that some credits don’t apply the the whole policy. Most only reduce specific coverage prices like comp or med pay. Even though it may seem like it’s possible to get free car insurance, companies don’t profit that way. But all discounts will help reduce your overall premium however.

Car insurance companies that possibly offer these discounts are:

Double check with each insurance company what discounts are available to you. Savings may not apply in every state.

Which policy gives me the best coverage?

When it comes to buying the best insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that could help you determine whether you will benefit from professional help.

  • What is covered by UM/UIM coverage?
  • Am I covered if I drive in a foreign country?
  • Why am I required to get a high-risk car insurance policy?
  • If my 2010 Ford Shelby GT500 is totaled, can I afford another vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Does my policy cover my teen driver if they drive my company car?
  • How does medical payments coverage work?
  • How much underlying liability do I need for an umbrella policy?
  • Does my insurance cover a custom paint job?
  • Is my camper covered by my car insurance policy?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Specifics of your insurance policy

Knowing the specifics of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring. These are typical coverages found on most insurance policies.

Collision coverages – This 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 coverage pays for claims such as backing into a parked car, damaging your car on a curb, rolling your car, crashing into a building and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2010 Ford Shelby GT500.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability car insurance – Liability coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like legal defense fees, medical services and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from getting keyed, hitting a bird and vandalism. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for expenses like doctor visits, dental work, X-ray expenses and surgery. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

At the end of the day…

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped liability limits or collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage for the lowest price.

Affordable 2010 Ford Shelby GT500 insurance is definitely available online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who do not provide online quoting and most of the time these small, regional companies sell through independent agents.

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