Cheaper 2014 Ford Shelby GT500 Car Insurance Quotes

No one in their right mind enjoys paying for auto insurance, especially when the price is too high.

With so many choices of insurance companies, it can be hard to pick the most affordable company.

It’s a good habit to check auto insurance prices periodically because insurance rates are rarely the same from one policy term to another. Even if you think you had the best price on Shelby GT500 insurance a couple years back other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re about to find out the fastest way to buy cheaper auto insurance.

Buying affordable coverage is not that difficult. Basically, every driver who carries car insurance stands a good chance to be able to cut their insurance bill. Although consumers need to have an understanding of how big insurance companies compete online and take advantage of how the system works.

The fastest way that we advise to compare rates is to realize all the major auto insurance companies participate in a system to give rate comparisons. The one thing you need to do is give them rating details including your occupation, which vehicles you own, an estimate of your credit level, and if you went to college. That rating information is instantly sent to many highly-rated insurers and they respond with quotes very quickly.

Cut prices on 2014 Ford Shelby GT500 insurance

Car insurance can cost a lot, but there could be available discounts that many people don’t even know exist. Most are applied when you get a quote, but a few must be specially asked for before you will receive the discount.

  • Discount for Life Insurance – Some companies give better rates if you take out auto and life insurance together.
  • Homeowners Pay Less – Being a homeowner can help you save on insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Defensive Driving Course – Taking part in a course in driver safety could save 5% or more if you qualify.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% off your PIP or medical payments premium.
  • Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates on Shelby GT500 insurance than drivers with accident claims.

It’s important to note that most of the big mark downs will not be given the the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, companies don’t profit that way. But any discount will help reduce the amount you have to pay.

To see a list of insurers who offer insurance discounts, follow this link.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might help in determining if you might need professional guidance.

  • Do I need more liability coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need replacement cost coverage?
  • When should I drop full coverage on my 2014 Ford Shelby GT500?
  • Is a fancy paint job covered?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Ford Shelby GT500 insurance rates can be determined by these details

It’s important that you understand some of the elements that play a part in calculating the rates you pay for insurance. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

  • Pay less if you’re married – Getting married helps lower the price on your policy. Having a significant other usually means you are more mature it has been statistically shown that married couples file fewer claims.
  • More claims means more premium – Companies give lower rates to people who are claim-free. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Car insurance is designed for major claims that would cause financial hardship.
  • Cautious drivers pay less – Drivers who don’t get tickets get better rates than people who have multiple driving citations. Even one citation can bump up the cost twenty percent or more. Drivers who have severe citations like DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.
  • Choose a safe vehicle and save – Safer cars can get you lower premiums. These vehicles result in less severe injuries and lower injury rates means lower claim amounts and thus lower rates. If the Ford Shelby GT500 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Where you live – Living in a small town is a positive aspect when insuring your vehicles. Lower population means reduced accidents. Urban drivers regularly have more traffic problems and longer commutes to work. Higher commute times means more change of being in an accident.

Can you really save $471 a year?

Car insurance providers like State Farm and Allstate consistently run ads in print and on television. They all say the same thing that you can save if you change to their company. How does each company claim to save you money?

Different companies have a preferred profile for the type of driver they prefer to insure. A good example of a driver they prefer might be profiled as over the age of 50, insures multiple vehicles, and has excellent credit. A propective insured who matches those parameters receives the best rates and therefore will save a lot of money.

Drivers who fall outside the requirements will have to pay more money which usually ends up with the customer not buying. The ads state “customers who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can state the savings.

Because of the profiling, you need to get as many comparisons as possible. It’s impossible to know the company that will have the lowest Ford Shelby GT500 insurance rates.

Insurance specifics

Understanding the coverages of insurance can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. These are the normal coverages available from insurance companies.

Collision protection

Collision coverage will pay to fix damage to your Shelby GT500 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like rolling your car, colliding with another moving vehicle, backing into a parked car, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive (Other than Collision)

This pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as fire damage, hitting a deer and damage from flooding. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense insurance

Med pay and PIP coverage reimburse you for short-term medical expenses such as ambulance fees, pain medications, doctor visits and nursing services. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability coverages

This coverage provides protection from damage that occurs to other people or property that is your fault. This coverage protects you against other people’s claims, and doesn’t cover 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 values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like repair costs for stationary objects, structural damage and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Power to the consumer

Cost effective 2014 Ford Shelby GT500 insurance can be sourced both online in addition to many insurance agents, so compare prices from both to have the best selection. Some insurance companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

Throughout this article, we presented quite a bit of information on how to lower your insurance rates. The key thing to remember is the more quotes you get, the higher your chance of finding lower rates. You may even discover the lowest premiums are with a lesser-known regional company. These smaller insurers can often provide lower rates in certain areas as compared to the big name companies such as Allstate, Geico and Progressive.

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