Lower Your 2018 Ford Shelby GT350 Car Insurance Quotes

Searching for the cheapest insurance for your Ford Shelby GT350 could be a painful process, but you can follow a few tricks to save time.

There is a right way and a wrong way to compare insurance rates so we’re going to tell you the absolute fastest way to price shop coverage for a new or used Ford and find the lowest price.

You should make it a habit to check insurance prices yearly because prices are usually higher with each renewal. If you had the lowest price for Shelby GT350 coverage six months ago there may be better deals available now. You’ll find quite a bit of inaccurate information about insurance out there, but I’m going to show you some great ideas on how to stop overpaying for insurance.

You may qualify for discounts

Some companies don’t always list every disount available in a way that’s easy to find, so here is a list both well-publicized as well as the least known discounts that may be available.

  • Discounts for Safe Drivers – Insureds who avoid accidents can save as much as half off their rates for Shelby GT350 coverage compared to rates paid by drivers with frequent claims.
  • Data Collection Discounts – Policyholders that allow their insurance coverage company to spy on their driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot might get better premium rates if they show good driving skills.
  • Sign Early and Save – A few companies offer discounts for switching policies before your current policy expires. You may see this discount when you get car insurance quotes online.
  • E-sign Discounts – A handful of larger companies will give you a small discount for buying your policy on your computer.
  • Multiple Vehicles – Insuring more than one vehicle on one policy can get a discount for every vehicle.
  • Drive Less and Save – Maintaining low annual mileage could qualify for cheaper prices.

As a sidenote, most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as comp or med pay. So when the math indicates you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts will help lower the amount you pay for coverage.

A list of insurance coverage companies and some of the discounts are detailed below.

  • Progressive discounts include good student, online quote discount, continuous coverage, homeowner, multi-vehicle, online signing, and multi-policy.
  • The Hartford may have discounts that include driver training, anti-theft, vehicle fuel type, defensive driver, and air bag.
  • Mercury Insurance includes discounts for multi-policy, ease of repair, anti-theft, annual mileage, and professional/association.
  • GEICO may include discounts for daytime running lights, defensive driver, emergency military deployment, anti-theft, multi-policy, military active duty, and air bags.
  • AAA may offer discounts for anti-theft, good student, multi-policy, good driver, pay-in-full, education and occupation, and AAA membership discount.
  • State Farm has savings for driver’s education, multiple autos, Drive Safe & Save, multiple policy, defensive driving training, and passive restraint.

Double check with each company or agent to apply every possible discount. Some discounts listed above may not apply to policyholders in your area. To view insurance coverage companies that provide some of the discounts listed above, follow this link.

How insurers determine Ford Shelby GT350 insurance costs

Many factors are part of the calculation when you get a price on insurance. Some are pretty understandable such as traffic violations, but other criteria are not quite as obvious such as your marital status or your financial responsibility.Consumers need to have an understanding of a few of the rating criteria that help determine your policy premiums. If you know what determines premiums, this empowers consumers to make smart changes that can help you get better car insurance rates.

The list below includes some of the most common factors used by insurance companies to determine premiums.

  • Does your employer raise your premiums? – Occupations such as military generalspolice officers and stock brokers tend to have the highest average rates attributed to intense work requirements and lengthy work days. Other occupations like scientists, engineers and performers pay the least for Shelby GT350 coverage.
  • Where you call home can affect costs – Having an address in a rural area is a positive aspect when talking about car insurance. City drivers regularly have congested traffic and longer commute times. Less people living in that area translates into fewer accidents and a lower car theft rate.
  • Eliminate add-on coverages – Insurance companies have many extra bells and whistles that you can buy but may not be useful. Coverages for vanishing deductibles, accidental death, and extra life insurance coverage may be wasting your money. You may think they are a good idea when buying your policy, but if they’re wasting money get rid of them and save.
  • Drive less and save – The more you drive your Ford each year the more you will pay for car insurance. Many insurance companies price each vehicle’s coverage based upon how much you drive. Cars and trucks not used for work or commuting receive better premium rates than vehicles that have high annual mileage. A policy that improperly rates your Shelby GT350 can cost quite a bit. Ask your agent if your car insurance declarations sheet shows the correct usage for each vehicle.
  • Use credit responsibly and save – Having a bad credit score is a large factor in determining premium rates. If your credit is low, you could potentially save money when insuring your 2018 Ford Shelby GT350 by improving your rating. Drivers with good credit tend to file fewer claims than drivers with worse credit.
  • Raising deductibles lowers prices – Your deductibles represent how much money the insured will be required to pay if a claim is determined to be covered. Insurance for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of covered claims are collision with another vehicle, fire damage, and having a roll-over accident. The larger the amount you’re willing to pay, the lower your rates will be for Shelby GT350 coverage.
  • Mature drivers are lower risk – More mature drivers have been proven to be more responsible, cause fewer claims and accidents and get fewer tickets.Youthful drivers have been known to get distracted easily when at the wheel of a vehicle therefore car insurance rates are much higher.

There’s no such thing as the perfect insurance coverage policy

When it comes to choosing the best insurance coverage coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different.

Here are some questions about coverages that may help highlight if you would benefit from an agent’s advice.

  • Is my custom paint covered by insurance?
  • Why am I required to buy liability insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Am I covered when driving in Canada or Mexico?
  • Is business equipment covered while in my vehicle?
  • Am I covered when using my vehicle for business?
  • What is an SR-22 filing?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

The coverage is in the details

Knowing the specifics of your policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Liability coverage

This coverage can cover injuries or damage you cause to other people or property in an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as bail bonds, court costs and emergency aid. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Collision coverage

Collision insurance will pay to fix damage to your Shelby GT350 resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are set the same as your liablity limits.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, a broken windshield, hail damage and damage from flooding. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for bills such as EMT expenses, rehabilitation expenses and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

In the end, you save

When trying to cut insurance costs, it’s not a good idea to buy poor coverage just to save money. There are too many instances where an insured cut physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best cost but still have enough coverage for asset protection.

Throughout this article, we presented a lot of techniques to save on 2018 Ford Shelby GT350 insurance. The most important thing to understand is the more providers you compare, the higher your chance of finding cheap car insurance. You may be surprised to find that the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising.

Consumers change insurance companies for a number of reasons such as being labeled a high risk driver, high rates after DUI convictions, delays in responding to claim requests or even policy cancellation. Whatever your reason, finding a new company can be pretty painless.

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