Lower Your 2016 Ford Shelby GT350 Insurance Quotes

I can’t think of a single person who looks forward to buying insurance coverage, especially when they know they are paying too much. Vehicle owners have multiple insurance companies to pick from, and although it’s nice to have a choice, it can be more challenging to get the best deal.

You should take the time to compare prices periodically since insurance prices are usually higher with each renewal. Even if you got the best rate for Shelby GT350 coverage last year other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re about to learn the proper way to buy cheaper insurance coverage.

Ford Shelby GT350 insurance premiums can be reduced

Multiple criteria are taken into consideration when you get a price on insurance. Most are fairly basic like a motor vehicle report, but some are less obvious such as your marital status or your commute time.A large part of saving on auto insurance is knowing a few of the rating criteria that are used to determine auto insurance rates. If you have a feel for what determines premiums, this enables you to make decisions that can help you get big savings.

Shown below are some of the most rate-impacting factors that factor into your rates.

  • Long commutes cost more – Driving more miles in a year the higher the price you pay to insure it. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your Shelby GT350 is just wasting money. Verify your auto insurance policy properly reflects the correct usage for each vehicle.
  • Avoid auto insurance lapses – Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance might get you fines and jail time. You may have to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Premiums are high for teenagers – More experienced drivers are proven to be safer behind the wheel, cost insurance companies less in claims and are safer drivers.Teen drivers have a tendency to be more careless behind the wheel so auto insurance rates are higher.
  • Single drivers take more risk – Your spouse may save some money on your policy. It demonstrates that you tend to be more financially stable and statistics prove drivers who are married are more cautious.

First Step: Get free car insurance quotes

There are multiple methods you can shop for car insurance but there is one way that is more efficient than others. You could spend your day discussing policy coverages with agents in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.

Most car insurance companies enroll in a system where prospective buyers only type in their quote data once, and every company can provide price quotes based on that information. This eliminates the need for quote forms to each company.

To find out how much you’re overpaying now click here (opens in new window).

The one downside to pricing coverage this way is that consumers can’t choose which carriers you want to price. If you prefer to choose specific insurance companies to compare prices, we have assembled a list of car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make absolute certain that you use the exact same coverage limits on every quote. If you have differing limits it’s not possible to determine which company has the best rates.

Insurance quotes and discounts

Some companies don’t necessarily list every discount they offer very clearly, so we took the time to find a few of the more common and the harder-to-find credits that may apply to you.

  • Air Bag Discount – Options like air bags or automatic seat belts could see savings of 25 to 30%.
  • Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
  • Savings for New Vehicles – Putting insurance coverage on a new car can be considerably cheaper because newer models are generally safer.
  • Low Mileage Discounts – Fewer annual miles on your Ford may enable drivers to earn cheaper rates.
  • First Accident Forgiveness – Not really a discount, but companies like Allstate, State Farm and GEICO permit an accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle up could cut 10% or more on medical payment and PIP coverage.

As a sidenote, most discounts do not apply to your bottom line cost. Most cut individual premiums such as collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce your overall premium however.

Auto insurance companies that may offer quotes with these benefits include:

Before buying, ask each insurance company the best way to save money. Some discounts listed above may not be available in every state. For a list of insurers that offer some of these discounts, click here.

Situations that may require an agent’s advice

When choosing the best car insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different and your policy should reflect that. For example, these questions may help highlight if your situation may require specific advice.

  • Do I pay less for low miles?
  • Can I rate high risk drivers on liability-only vehicles?
  • Are all vehicle passengers covered by medical payments coverage?
  • Is my nanny covered when driving my vehicle?
  • How many claims can I have before being cancelled?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my custom paint covered by insurance?
  • Is business equipment covered while in my vehicle?
  • Can I rent a car in Mexico?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance specifics

Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on most auto insurance policies.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for short-term medical expenses like funeral costs, dental work, EMT expenses, ambulance fees and chiropractic care. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Auto collision coverage

This covers damage to your Shelby GT350 resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sustaining damage from a pot hole, driving through your garage door, backing into a parked car, crashing into a ditch and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive auto insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a bird, rock chips in glass and hail damage. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability car insurance

This coverage can cover damages or injuries you inflict on other people or property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability insurance covers claims such as structural damage, court costs, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Ford Shelby GT350.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

In conclusion

Cheap 2016 Ford Shelby GT350 insurance can be found both online and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who don’t offer the ability to get a quote online and most of the time these smaller providers work with independent agents.

We just showed you a lot of techniques to save on 2016 Ford Shelby GT350 insurance. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting low cost insurance coverage. Consumers may even find the best price on auto insurance is with the least-expected company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.

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