2012 Ford Shelby GT500 Car Insurance Rates – 7 Savings Tips

Looking for lower insurance coverage rates for your Ford Shelby GT500? Finding low-cost insurance for a Ford Shelby GT500 can normally be difficult, but you can use the following methods and make it easy. There is a better way to find insurance coverage online and we’ll show you the best way to compare rates on a Ford and obtain the lowest possible price from local insurance agents and online providers.

Finding the best rates is easy if you know what you’re doing. If you have a policy now or need new coverage, you can use these techniques to shop for the lowest rates and still get good coverage. Drivers only need to know the most efficient way to compare price quotes over the internet.

These seven discounts can lower your insurance quotes

Insurance can be prohibitively expensive, but you can get discounts that can help lower your rates. Many of these discounts will be applied automatically at the time of quoting, but some must be manually applied before you get the savings.

  • New Vehicle Savings – Buying a new car model is cheaper because newer vehicles are generally safer.
  • Telematics Data – Drivers that enable data collection to track driving habits by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if their driving habits are good.
  • E-sign Discounts – Certain larger companies will give a small break for completing your application on the web.
  • Discounts for Responsible Drivers – Drivers who don’t get into accidents can save as much as half off their rates for Shelby GT500 coverage than drivers with accident claims.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up could save 15% off the PIP or medical payment premium.
  • Anti-theft System – Vehicles optioned with advanced anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Mature Driver Discount – Mature drivers could receive a small discount on rates for Shelby GT500 coverage.

Don’t be surprised that some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Even though the math looks like it’s possible to get free car insurance, companies wouldn’t make money that way.

To choose companies that offer multiple discounts, click here.

Different people need different insurance coverages

When it comes to choosing the right insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that could help you determine if you might need professional guidance.

  • Do I need medical payments coverage since I have good health insurance?
  • How do I insure my teen driver?
  • I don’t drive much so do I pay less?
  • Do I have newly-aquired coverage?
  • Is my Ford Shelby GT500 covered if I use it for business?
  • Am I covered if my car is in a flood?
  • Do I have coverage if my license is suspended?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form. It’s fast, free and may give you better protection.

Car insurance coverages for a 2012 Ford Shelby GT500

Understanding the coverages of your policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as hitting a deer, fire damage and rock chips in glass. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays to fix your vehicle from damage 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 insurance covers claims such as rolling your car, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Liability coverages

Liability insurance can cover damages or injuries you inflict on other people or property in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as pain and suffering, repair costs for stationary objects, loss of income, legal defense fees and funeral expenses. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

UM/UIM Coverage

This provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Ford Shelby GT500.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Medical costs insurance

Med pay and PIP coverage pay for short-term medical expenses for things like rehabilitation expenses, doctor visits, dental work, ambulance fees and chiropractic care. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Never pay more for less

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. There have been many cases where an insured dropped full coverage only to discover later that the few dollars in savings costed them thousands. The goal is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

In this article, we presented many ideas to shop for 2012 Ford Shelby GT500 insurance online. The most important thing to understand is the more companies you get prices for, the better chance you’ll have of finding low cost insurance. You may be surprised to find that the best premium rates are with a small local company.

Insureds change insurance companies for many reasons like policy non-renewal, denial of a claim, high prices or high rates after DUI convictions. Regardless of your reason, finding the right insurance provider can be easy and end up saving you some money.

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