Compare 2012 Ford Shelby GT500 Car Insurance Quotes

Want better insurance rates for your Ford Shelby GT500? Having to pay for overpriced Ford Shelby GT500 insurance can empty your bank account, especially in this economy. Comparing price quotes is a smart way to cut your insurance bill. With so many insurance companies to choose from, it can be challenging to find the best insurance company.

The purpose of this post is to help educate you on how to get online quotes and some tips to save money. If you have car insurance now, you will most likely be able to cut costs considerably using this strategy. Drivers just need to learn the proper methods to compare company rates online.

Free Quotes for Insurance

Finding a lower price on 2012 Ford Shelby GT500 insurance is a fairly straight forward process. The only thing you need to do is invest a little time to get quotes online from several insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

  1. The single most time-saving way to find low rates is to use a rate comparison form like this one (opens in new window). This form keeps you from doing repetitive form entry for each company you want a rate for. Filling out one form compares rates direct from many companies.
  2. A harder way to shop for insurance online is to take the time to go to each company’s website to complete a price quote. For examples sake, let’s assume you want comparison quotes from Auto-Owners, Allstate and Geico. You would have to go to every website and enter your policy data, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
  3. The hardest way of getting rate comparisons is to spend your day driving to different agent offices. Buying insurance online can eliminate the need for a local agent unless you require the professional guidance of a local agent. However, consumers can price shop your coverage online and get advice from an agent in your area.

It’s your choice how you get your quotes, but be sure to compare exactly the same coverages and limits for every quote you compare. If you enter mixed coverages then you won’t be able to make a fair comparison for your Ford Shelby GT500.

Factors that might impact rates for a Ford Shelby GT500

Consumers need to have an understanding of the factors that help determine auto insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with lower auto insurance prices.

The following are some of the factors that factor into rates.

  • Drive a safer car and pay less – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies passed on to you as lower rates. If your Ford has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • One company can mean more discounts – The majority of insurers give discounts to policyholders who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. Consumers may find a better deal by buying auto insurance from a different company.
  • Where you live – Being located in a rural area has it’s advantages when it comes to auto insurance. Fewer people means fewer accidents as well as less vandalism and auto theft. Drivers who live in large cities have to deal with congested traffic and a longer drive to work. More time on the road means higher likelihood of an accident.
  • Little extras can really add up – There are a lot of add-on coverages that can waste your money on your auto insurance policy. Things like vanishing deductibles, accident forgiveness and motor club memberships may be wasting your money. These coverages may sound good initially, but if you don’t need them remove them from your policy.
  • Marriage brings a discount – Having a wife or husband actually saves money when buying auto insurance. Having a significant other is viewed as being more mature and it’s proven that married drivers get in fewer accidents.
  • High credit ratings translate to low rates – Your credit score is a large factor in calculating your auto insurance rates. Consumers who have good credit tend to be less risk to insure as compared to drivers with lower credit scores. If your credit score is low, you could potentially save money when insuring your 2012 Ford Shelby GT500 by improving your credit score.
  • High numbers of claims are not good – Companies give cheaper rates to insureds who do not file claims often. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the large, substantial claims.

Lots of discounts mean lots of savings

Insurance can cost an arm and a leg, but you can get discounts that you may not even be aware of. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be requested specifically in order for you to get them. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Passive Restraints – Cars that have air bags or automatic seat belts can receive discounts of up to 25% or more.
  • E-sign – A few companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Discount for Life Insurance – Some companies give a break if you buy auto and life insurance together.
  • Safety Course Discount – Taking a driver safety course could possibly earn you a 5% discount if you qualify.

Drivers should understand that some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like comp or med pay. So when it seems like you could get a free insurance policy, it doesn’t quite work that way. But all discounts will help reduce the cost of coverage.

Companies that may offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask every prospective company which discounts they offer. Discounts may not be available in your state.

Situations that might require an agent

When it comes to buying coverage for your vehicles, there is no single plan that fits everyone. Each situation is unique so your insurance needs to address that. These are some specific questions may help you determine whether your personal situation could use an agent’s help.

  • Do I need special endorsements for business use of my vehicle?
  • Is pleasure use cheaper than using my 2012 Ford Shelby GT500 to commute?
  • Are rental cars covered under my policy?
  • Is my 2012 Ford Shelby GT500 covered for smoke damage?
  • Does my 2012 Ford Shelby GT500 qualify for pleasure use?
  • Does insurance cover damages from a DUI accident?
  • Is my ex-spouse still covered by my policy?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

Coverage specifics

Knowing the specifics of a insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverages found on the average insurance policy.

Collision coverages – This coverage covers damage to your Shelby GT500 resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like rolling your car, damaging your car on a curb, sideswiping another vehicle, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability – Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as medical expenses, loss of income, legal defense fees, repair bills for other people’s vehicles and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection when other motorists 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 purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Comprehensive auto coverage – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, hail damage, a tree branch falling on your vehicle, hitting a deer and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for immediate expenses like ambulance fees, nursing services, rehabilitation expenses, X-ray expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Be a money saver!

As you restructure your insurance plan, do not skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut liability coverage limits only to discover later that the savings was not a smart move. The ultimate goal is to buy enough coverage at the best price.

Lower-priced 2012 Ford Shelby GT500 insurance is possible from both online companies as well as from independent agents, so you should compare both to have the best rate selection. Some insurance providers don’t offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

To read more, feel free to visit the following helpful articles: