Compare 2006 Ford GT Car Insurance Rates

Want lower car insurance rates for your Ford GT? Do you get overwhelmed by the wide range of car insurance choices? There are so many choices that it can be a real difficult job to locate the lowest premium rates.

It is always a good idea to shop coverage around before your next renewal because car insurance prices are constantly changing. Just because you had the lowest price on GT insurance a year ago you can probably find a better rate quote now. Forget anything you know (or think you know) about car insurance because we’re going to show you the proper way to save on car insurance.

Cheaper auto insurance rates with discounts

Car insurance companies don’t necessarily list every possible discount in an easy-to-find place, so we took the time to find a few of the more well known as well as the least known credits available to you.

  • Payment Method – By paying your policy upfront rather than paying in monthly installments you may have a lower total premium amount.
  • Multiple Vehicles – Buying a policy with multiple cars on the same auto insurance policy qualifies for this discount.
  • Lower Rates for Military – Being on active duty in the military could qualify you for better auto insurance rates.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can avoid accidents and the ABS can save up to 10%.
  • Discounts for New Vehicles – Buying a new car instead of a used car can cost up to 25% less since newer models have better safety ratings.
  • Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts may get savings of 25 to 30%.
  • Accident Forgiveness Coverage – Not necessarily a discount, but a handful of insurance companies allow you one accident without raising rates with the catch being you have to be claim-free for a specific time period.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only apply to individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

Some companies that possibly offer these benefits are:

When comparing rates, check with each insurance company to give you their best rates. Some of the discounts discussed earlier might not apply in your area. If you would like to see a list of insurance companies with the best auto insurance discounts, follow this link.

Low cost insurance coverage prices

Effectively comparing insurance coverage prices can be a lot of work if you don’t know the best way to get rate quotes. You can spend countless hours discussing policy coverages with insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Most of the larger companies belong to a marketplace where prospective buyers enter their coverage request one time, and every company can provide price quotes determined by their information. This eliminates the need for quotation requests to every company.

To fill out one form to compare multiple rates now click here (opens in new window).

The one disadvantage to pricing coverage this way is you don’t know exactly the providers to get quotes from. So if you want to choose from a list of companies to receive pricing from, we have assembled a list of companies who write insurance coverage in your area. Click to view list.

Whichever way you choose to compare rates, try to use the same coverages and limits with every price quote. If you have different deductibles you will not be able to make a fair rate comparison. Slightly different insurance coverages or limits may result in large price differences. And when comparing insurance coverage rates, know that comparing more company’s prices will increase your chances of finding better pricing. Not every company does online rate quotes, so you should also compare price quotes from those companies as well.

Tailor your car insurance coverage to you

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight whether your personal situation would benefit from an agent’s advice.

  • Are split liability limits better than a combined single limit?
  • When should I remove comp and collision on my 2006 Ford GT?
  • Am I covered when pulling a rental trailer?
  • When should I buy a commercial auto policy?
  • Does car insurance cover theft of personal property?
  • What is high-risk coverage and where do I buy it?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form.

Auto insurance coverages explained

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision protection

This pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, crashing into a ditch, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Ford GT.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive coverages

Comprehensive insurance 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 things such as fire damage, damage from getting keyed and hail damage. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical payments

Med pay and PIP coverage reimburse you for bills for ambulance fees, doctor visits and dental work. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Liability

Liability coverage protects you from injuries or damage you cause to other people or property. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims like bail bonds, structural damage, medical expenses and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford.

Summing up your insurance search

Budget-conscious 2006 Ford GT insurance is available from both online companies and from local insurance agents, and you need to comparison shop both to have the best rate selection. A few companies do not provide online rate quotes and most of the time these small, regional companies work with independent agencies.

As you shop your coverage around, it’s a bad idea to reduce needed coverages to save money. In too many instances, an insured dropped liability coverage limits and learned later that they should have had better coverage. Your strategy should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.

Drivers switch companies for a variety of reasons including high rates after DUI convictions, extreme rates for teen drivers, denial of a claim or even lack of trust in their agent. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

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