2008 Ford Shelby GT500 Insurance Quotes – 7 Tips to Save

Want better car insurance rates? Drivers have many options when trying to find the lowest priced Ford Shelby GT500 insurance. They can either spend hours struggling with agents to get rate comparisons or utilize the internet to make rate comparisons. There are more efficient ways to buy car insurance and you need to know the best way to get price quotes for a new or used Ford and obtain the lowest price from both online companies and local agents.

It is always a good idea to price shop coverage before your next renewal because prices are adjusted regularly by insurance companies. Even if you got the lowest rates on Shelby GT500 insurance a couple years back you may be paying too much now. Block out anything you think you know about car insurance because we’re going to demonstrate the best methods to buy cheaper car insurance.

Shop insurance online

Many insurance companies make it easy to get insurance quotes from their websites. The process is pretty easy as you simply enter as detailed in the form. After the form is submitted, their rating system obtains information on your driving record and credit history and gives you a price quote.

Being able to quote online makes comparing rates easy, but the process of having to visit each company’s website and repetitively type in the same data can be a bit repetitive. Unfortunately, it is important to do this in order to find the lowest insurance rates.

An easier way to locate the lowest prices is to use a quote form that analyzes rates from many companies. It’s a real time-saver, requires less work, and makes online shopping much more enjoyable. As soon as you send your information, your coverage is rated with multiple companies and you can pick your choice of the pricing results. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. This process can be completed in less than 10 minutes and you will find out if you’re overpaying now.

To quickly find out what other companies charge, click here to open in new window and complete the simple form. If you currently have coverage, we recommend you complete the form with the limits and deductibles exactly as they are listed on your policy. This ensures you will have a rate comparison based on similar coverages.

Insurance policy discounts

Companies offering auto insurance don’t always advertise every discount they offer in a way that’s easy to find, so here is a list some of the best known as well as the least known credits available to lower your premiums when you buy auto insurance online.

  • Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you can avoid the installment charge.
  • Homeowners Discount – Being a homeowner can help you save on insurance due to the fact that maintaining a home requires a higher level of personal finance.
  • Braking Control Discount – Cars and trucks that have steering control and anti-lock brakes are much safer to drive so you can save 10 percent or more.
  • Accident-Free Discounts – Drivers who stay claim-free get the best insurance rates when compared with drivers with a long claim history.
  • Membership in Organizations – Being a member of qualifying employment or professional organizations is a good way to get lower rates on your next insurance statement.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less since new vehicles are generally safer.
  • Defensive Driver Discounts – Taking part in a driver safety class may get you a small discount and easily recoup the cost of the course.

It’s important to understand that most of the big mark downs will not be given the the whole policy. Most only apply to individual premiums such as comp or med pay. Even though it may seem like all those discounts means the company will pay you, it just doesn’t work that way. But all discounts will definitely reduce your overall premium however.

To locate providers with the best discounts, follow this link.

How do I know if I need professional advice?

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

These are some specific questions may help highlight whether your personal situation might need an agent’s assistance.

  • How high should deductibles be on a 2008 Ford Shelby GT500?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Am I covered when delivering products for my home-based business?
  • How can I get my company to pay me more for my totalled car?
  • Is my custom paint covered by insurance?
  • Does having multiple vehicles earn me a discount?
  • Is my teenager covered with friends in the car?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Coverages available on your car insurance policy

Knowing the specifics of car insurance aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Coverage for collisions

This coverage covers damage to your Shelby GT500 resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a parking meter, colliding with a tree, hitting a mailbox, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like X-ray expenses, nursing services and funeral costs. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, a tree branch falling on your vehicle, hitting a deer, damage from a tornado or hurricane and theft. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2008 Ford Shelby GT500.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Coverage for liability

This coverage provides protection from damage that occurs to other people or property that is your fault. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers things like pain and suffering, court costs, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Be a money saver!

When trying to cut insurance costs, never reduce needed coverages to save money. There have been many situations where an insured dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

Cheaper 2008 Ford Shelby GT500 insurance can be bought on the web and from local insurance agents, so you need to quote auto insurance with both in order to have the best chance of saving money. A few companies do not offer rates over the internet and usually these smaller companies provide coverage only through independent insurance agencies.

We covered a lot of tips how to get a better price on 2008 Ford Shelby GT500 insurance. It’s most important to understand that the more companies you get premium rates for, the better your chances of lowering your premium rates. You may even discover the biggest savings come from some of the smallest insurance companies.

More detailed auto insurance information is located by following these links: