Cheap 2013 Ford Shelby GT500 Insurance Rates

I can’t think of anyone who gets a kick out of paying for insurance, especially when they know the prices are way too high.

Big companies like GEICO, 21st Century and Progressive increase brand awareness with TV and radio ads and it is challenging if not impossible to ignore the flashy ads and do the work needed to find the best deal.

Consumers need to check insurance prices on a regular basis because prices are adjusted regularly by insurance companies. Just because you had the best rates for Shelby GT500 coverage two years ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about insurance because you’re going to get a crash course in one of the easiest ways to lower your annual insurance bill.

Low cost insurance prices

There are a variety of methods you can shop for insurance but there is one way that is easier and takes less work. You could waste time talking to agents in your area, or you can stay home and use online quotes to accomplish the same thing much quicker.

Most car insurance companies take part in a program that allows shoppers to send in one quote, and each participating company provides a quote. This saves time by eliminating repetitive form submissions to each individual insurance company.

To compare pricing click to open in new window.

One minor caviat to comparing rates this way is you don’t know exactly which carriers you want to price. So if you want to select individual companies to receive pricing from, we put together a list of companies who write insurance in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but be sure you’re using identical coverage limits with every price quote. If you compare higher or lower deductibles you will not be able to make a fair rate comparison. Having just a slight variation in coverage limits may result in a large different in cost. Keep in mind that more quotes will enable you to find the best rates.

Insurance coverage discounts are available to cut your rates

Insuring your fleet can be pricey, but you may find discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically when you purchase, but once in a while a discount must be manually applied prior to receiving the credit. If you aren’t receiving every discount available, it’s possible you qualify for a lower rate.

  • ABS and Traction Control Discounts – Cars with ABS and/or traction control can reduce accidents so you can save 10 percent or more.
  • Club Memberships – Having an affiliation with a qualifying organization could trigger savings on insurance coverage.
  • Auto/Home Discount – If you can combine your auto and homeowners policy and place coverage with the same company you could save as much as 10 to 15 percent.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and will save you 10% or more.
  • Service Members Pay Less – Being on active duty in the military may lower your prices slightly.
  • No Claims – Good drivers with no accidents can save substantially as opposed to insureds who have frequent claims or accidents.
  • Smart Student Discounts – Being a good student may save you up to 25%. This discount can apply until age 25.
  • Paperless Signup – Certain insurance coverage companies give back up to $50 just for signing your application online.
  • Distant Student Discount – Children who are attending college and leave their car at home can receive lower rates.

Please keep in mind that most discount credits are not given to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you could get a free insurance coverage policy, you’re out of luck. But all discounts should help lower the cost of coverage.

Larger insurance coverage companies and some of the premium reductions they offer include:

  • Progressive has discounts for continuous coverage, homeowner, multi-vehicle, online quote discount, multi-policy, and good student.
  • GEICO may offer discounts for military active duty, daytime running lights, air bags, five-year accident-free, seat belt use, emergency military deployment, and driver training.
  • State Farm policyholders can earn discounts including driver’s education, Steer Clear safe driver discount, student away at school, anti-theft, and defensive driving training.
  • Esurance has savings for anti-theft, renters, claim free, homeowner, emergency road assistance, and defensive driver.
  • The Hartford includes discounts for defensive driver, driver training, air bag, good student, bundle, and anti-theft.

Before you buy a policy, ask every insurance company which discounts can lower your rates. Some discounts listed above might not be offered in your state. To find companies who offer discounts, click this link.

Everyone needs different car insurance coverages

When choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions might point out whether your personal situation would benefit from professional advice.

  • How much liability coverage do I need in my state?
  • Does car insurance cover theft of personal property?
  • Is business equipment covered while in my vehicle?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Why do I need rental car insurance?
  • Do I need roadside assistance coverage?
  • Can I rent a car in Mexico?
  • Does medical payments coverage apply to all occupants?
  • How do I insure my teen driver?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Coverages available on your policy

Knowing the specifics of auto insurance aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on most auto insurance policies.

Liability insurance

This can cover damages or injuries you inflict on other people or property in an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

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

Liability insurance covers claims such as court costs, repair costs for stationary objects, medical services and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Comprehensive or Other Than Collision

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

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, damage from flooding and hitting a deer. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

Collision coverage pays for damage to your Shelby GT500 resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sideswiping another vehicle, damaging your car on a curb, backing into a parked car and hitting a mailbox. 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. Another option is to bump up the deductible to bring the cost down.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for X-ray expenses, prosthetic devices, surgery, nursing services and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

UM/UIM Coverage

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Ford Shelby GT500.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Keep this in mind

Budget-conscious 2013 Ford Shelby GT500 insurance can be purchased both online and with local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies may not offer online rate quotes and these smaller companies work with independent agencies.

We just covered a lot of ways to reduce 2013 Ford Shelby GT500 insurance rates online. The key thing to remember is the more rate quotes you have, the better likelihood of getting low cost auto insurance. You may even discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.

When getting auto insurance quotes online, it’s not a good idea to buy poor coverage just to save money. There are many occasions where an accident victim reduced collision coverage only to find out that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

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