Compare 2010 Ford Shelby GT500 Car Insurance Quotes

Locating better insurance prices for a new or used Ford Shelby GT500 can turn out to be a lot of work, but you can learn these tips and make it easy. There are more efficient ways to buy car insurance so you’re going to learn the absolute fastest way to get price quotes for a Ford and locate the lowest possible price from both online companies and local agents.

Earn discounts to get lower-cost auto insurance quotes

Companies that sell car insurance don’t list every possible discount in a way that’s easy to find, so the next list breaks down both well-publicized and the harder-to-find discounts that may be available.

  • College Student – Any of your kids who live away from home to go to college and do not have access to a covered vehicle may be able to be covered for less.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may be able to get a slight reduction on a car insurance quote on Shelby GT500 coverage.
  • Early Payment Discounts – By making one initial payment rather than spreading payments over time you could save 5% or more.
  • Waiver for an Accident – but some companies like State Farm and Allstate will forgive one accident without getting socked with a rate hike so long as you haven’t had any claims for a set time period.
  • Own a Home and Save – Simply owning a home can earn you a little savings since home ownership requires personal responsibility.
  • Bundle and Save – If you can bundle your auto and homeowners insurance and insure them with the same company you may earn up to 20% off your total premium.
  • Military Discounts – Having a deployed family member may lower your prices slightly.

You should keep in mind that most discounts do not apply the the whole policy. Some only reduce specific coverage prices like comprehensive or collision. Just because you may think you could get a free auto insurance policy, you aren’t that lucky.

Popular auto insurance companies and some of the discounts are:

  • AAA has savings for good driver, AAA membership discount, multi-car, education and occupation, and multi-policy.
  • Progressive offers discounts for multi-policy, good student, online quote discount, online signing, continuous coverage, homeowner, and multi-vehicle.
  • State Farm may include discounts for multiple autos, safe vehicle, good student, Drive Safe & Save, and Steer Clear safe driver discount.
  • Esurance may have discounts that include good driver, claim free, good student, anti-theft, defensive driver, and multi-policy.
  • Nationwide offers discounts including easy pay, multi-policy, business or organization, anti-theft, defensive driving, good student, and family plan.

When comparing rates, check with each insurance company to give you their best rates. Some discounts listed above may not apply to policies in your state. To see providers with discount auto insurance rates, click here.

Learn how to quote insurance coverage for less

An important part of buying insurance is that you know a few of the rating criteria that aid in calculating insurance coverage rates. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could result in big savings. Multiple criteria are used when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are less apparent like where you live or your commute time.

Shown below are a few of the things used by insurance companies to determine premiums.

  • Men tend to take more risk – The statistics show that females tend to be a little less risky than males. However, this does not mean females are better drivers. Males and females are responsible for auto accidents at about the same rate, but the male of the species get into accidents with more damage. In addition to higher claims, males also receive more costly citations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 tend to get in the most accidents so they pay the highest premiums.
  • Vehicle theft costs us all – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance coverage. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent auto theft.
  • More than one policy can earn a discount – Most major companies allow discounts to people that purchase more than one policy in the form of a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even if you’re getting this discount consumers should still compare rates to make sure you are getting the best deal.
  • Premiums are lower the older you get – More mature drivers are proven to be safer behind the wheel, statistically cause fewer accidents and tend to be get fewer driving tickets.Young drivers tend to get distracted easily when at the wheel of a vehicle so they pay higher insurance coverage rates.
  • Lower annual miles equals lower premium – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Many insurance companies calculate prices based upon how you use the vehicle. Cars and trucks not used for work or commuting can be on a lower rate level than those that get driven frequently. Make sure your insurance coverage declarations sheet properly reflects the correct driver usage. Having the wrong rating on your Shelby GT500 is throwing money out the window.

Tailor your car insurance coverage to you

When choosing the right insurance coverage, there really is no one size fits all plan. Each situation is unique.

Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • Is business property covered if stolen from my car?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does my 2010 Ford Shelby GT500 need full coverage?
  • Is pleasure use cheaper than using my 2010 Ford Shelby GT500 to commute?
  • Do I need more liability coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • How much liability do I need to cover my assets?
  • Can I drive in Mexico and have coverage?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and you can get the answers you need.

Auto insurance coverage considerations

Learning about specific coverages of a auto insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for EMT expenses, chiropractic care, dental work, ambulance fees and nursing services. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage

This will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims like legal defense fees, attorney fees and loss of income. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

Coverage for collisions

Collision coverage covers damage to your Shelby GT500 resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a building, hitting a mailbox, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive auto coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, rock chips in glass and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

More quotes. Lower rates.

Budget-friendly insurance coverage can be bought online in addition to many insurance agents, so you need to quote car insurance with both to have the best selection. A few companies do not offer the ability to get a quote online and these small, regional companies work with independent agents.

Insureds who switch companies do it for any number of reasons including an unsatisfactory settlement offer, denial of a claim, questionable increases in premium and even not issuing a premium refund. No matter why you want to switch, finding a new insurance coverage company is less work than it seems.

In this article, we covered some good ideas how to save on 2010 Ford Shelby GT500 insurance. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the most savings is with a company that doesn’t do a lot of advertising.

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