Compare 2017 Ford GT Car Insurance Cost

Looking for the cheapest insurance coverage rates? Shoppers have lots of choices when shopping for low-cost Ford GT insurance. They can either spend hours calling around to get rate comparisons or save time using the internet to get rate quotes. There is a right way and a wrong way to shop for insurance coverage and we’ll show you the proper way to price shop coverage for a Ford and locate the lowest price.

If you have a current auto insurance policy or are just looking to switch companies, you will benefit by learning to cut your premiums and still get good coverage. The purpose of this article is to teach you the best way to quote coverages and some money-saving tips. Consumers just need to know the proper way to shop their coverage around over the internet.

How to buy car insurance online

There are a variety of methods to shop for car insurance, and some are more efficient than others. You can waste a lot of time talking to agents in your area, or you could save time and use the web to accomplish the same thing much quicker.

Many of the larger companies are enrolled in a marketplace that enables customers to only type in their quote data once, and each participating company then returns a price quote determined by their information. This eliminates the need for repetitive form submissions to every company. To access this free quoting program, click here to open in new window.

The one downside to pricing coverage this way is you are unable to specify the companies you want to price. If you wish to select from a list of companies to receive pricing from, we have a listing of car insurance companies in your area. Click here to view list.

Which method you use is up to you, but be certain you are entering equivalent coverage limits for each comparison quote. If each company quotes different liability limits it’s impossible to determine which company has the best rates.

Beware of misleading insurance coverage ads

Drivers constantly see and hear ads for insurance coverage savings by Allstate and Progressive. All the ads seem to make the promise about savings just by switching your policy.

How is it possible that every company can charge lower premium rates? This is the way they can do it.

All the different companies are able to cherry pick for the type of driver that earns them the highest profit. For instance, a profitable risk profile might be over the age of 45, has a clean driving record, and drives a lower-performance vehicle. A driver that matches those criteria will get low rates and have a good chance to save when they switch companies.

Potential customers who cannot meet this stringent profile will probably have to pay higher rates which translates to business not being written. The ad wording is “people that switch” not “all people who quote” save that kind of money. That’s why companies can truthfully make claims that they all have the best premium rates. Because of this risk profiling, drivers should do a price quote comparison at every renewal. Because you never know which insurance companies will have the lowest rates.

Six things that affect your insurance costs

A large part of saving on insurance coverage is knowing the different types of things that are used to determine the price you pay for insurance coverage. When you understand what determines premiums, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

The factors shown below are some of the most rate-impacting factors used by insurance companies to determine rates.

  • Decrease rates by maintaining coverage – Driving without insurance coverage in place is not a good idea and insurance coverage companies will penalize you for letting your insurance lapse. In addition to paying higher rates, not being able to provide proof of insurance may earn you fines or a revoked license.
  • High credit score translates to low premiums – An insured’s credit history can be an important factor in your rate calculation. If your credit rating can use some improvement, you could be paying less to insure your 2017 Ford GT by spending a little time repairing your credit. Insureds with high credit scores tend to be better risks to insure than drivers with lower ratings.
  • Men drivers tend to cost more – Over time, data shows that women are safer drivers than men. However, don’t assume that males are worse at driving than females. Males and females cause auto accidents at about the same rate, but the men have costlier accidents. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving.
  • Big cities have higher premiums – Living in smaller towns and rural areas of the country can be a good thing when it comes to insurance coverage. Urban drivers regularly have more road rage incidents and more severe claims. Less people living in that area means less chance of accidents in addition to fewer liability claims.
  • Multiple policies with one company – Many companies afford discounts to insureds who carry more than one policy such as combining an auto and homeowners policy. Even though this discount sounds good, drivers will still want to check prices from other companies to ensure the best deal.
  • Rates increase with policy add-ons – There are quite a few extra add-on coverages that can add up if you don’t pay attention. Insurance for things like vanishing deductibles, accident forgiveness, and membership fees are some examples. They may seem good when buying your policy, but if you don’t need them remove them and pocket the money.

Get cheaper rates with discounts

Companies offering auto insurance don’t list all available discounts in a way that’s easy to find, so we researched a few of the more common and also the lesser-known discounts that may be available.

  • Federal Employees – Simply working for the federal government may reduce rates when you quote auto insurance on GT insurance with a few car insurance companies.
  • Multi-car Discount – Having primary and secondary vehicles with the same company can reduce the rates for all insured vehicles.
  • Organization Discounts – Affiliation with qualifying clubs or civic groups is a simple method to lower premiums when shopping for car insurance.
  • Telematics Data Discounts – Policyholders that allow companies to analyze driving manner by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
  • Discounts for Good Drivers – Drivers without accidents can save as much as half off their rates on GT insurance than their less cautious counterparts.
  • Discounts for New Vehicles – Insuring a vehicle that is new can be considerably cheaper since new model year vehicles have better safety ratings.
  • Low Mileage Discounts – Maintaining low annual mileage can qualify you for lower rates on the low mileage vehicles.
  • Accident Forgiveness – This isn’t a discount exactly, but some insurance companies may permit one accident before your rates go up if you are claim-free for a set time period.
  • Discount for Swiching Early – Some insurance companies provide a discount for renewing your policy before your current expiration date. This discount can save up to 10%.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.

It’s important to understand that most discounts do not apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, that’s just not realistic. Any amount of discount will help lower the amount you pay for coverage.

Popular car insurance companies and a partial list of their discounts can be found below.

  • GEICO policyholders can earn discounts including anti-lock brakes, multi-policy, emergency military deployment, five-year accident-free, anti-theft, and membership and employees.
  • SAFECO discounts include anti-lock brakes, drive less, safe driver, teen safe driver, anti-theft, homeowner, and teen safety rewards.
  • State Farm offers discounts for anti-theft, student away at school, passive restraint, multiple policy, good driver, Steer Clear safe driver discount, and accident-free.
  • MetLife may have discounts that include accident-free, claim-free, multi-policy, defensive driver, good student, good driver
  • 21st Century offers premium reductions for homeowners, 55 and older, teen driver, theft prevention, good student, anti-lock brakes, and student driver.
  • Progressive has savings for multi-policy, online signing, multi-vehicle, good student, continuous coverage, homeowner, and online quote discount.

Before buying, ask each company to give you their best rates. All car insurance discounts might not be available to policyholders in your area. For a list of companies that offer some of these discounts, click here.

What is the best insurance coverage coverage?

When it comes to buying adequate coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether or not you will benefit from professional help.

  • Do I benefit by insuring my home with the same company?
  • What discounts do I qualify for?
  • I don’t drive much so do I pay less?
  • Should I put collision coverage on all my vehicles?
  • Is motorclub coverage worth it?
  • Do I really need UM/UIM coverage?
  • Where can I get insurance after a DUI in my state?
  • Does my car insurance cover rental cars?
  • Am I better off with higher deductibles on my 2017 Ford GT?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Car insurance coverage specifics

Understanding the coverages of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as hitting a deer, damage from a tornado or hurricane and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability

This will cover damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for things like repair bills for other people’s vehicles, medical services, funeral expenses and emergency aid. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for expenses for doctor visits, funeral costs, ambulance fees, prosthetic devices and chiropractic care. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision insurance covers damage to your GT caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as hitting a mailbox, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Best coverage at the best price

Consumers change insurance companies for a variety of reasons including delays in responding to claim requests, extreme rates for teen drivers, being labeled a high risk driver or denial of a claim. Whatever your reason, choosing a new insurance company is actually quite simple.

There are still a few companies who may not provide the ability to get quotes online and usually these regional carriers only sell coverage through independent insurance agents. More affordable insurance is possible on the web in addition to many insurance agents, so you need to compare both so you have a total pricing picture.

As you shop your coverage around, it’s very important that you do not reduce coverage to reduce premium. In too many instances, someone dropped liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your goal should be to get the best coverage possible at an affordable rate, but don’t skip important coverages to save money.

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