2014 Ford Shelby GT500 Insurance Rates – 9 Tricks for Best Quotes

Want cheaper auto insurance rates for your Ford Shelby GT500? If you’re new to shopping for car insurance quotes online, it’s easy to be baffled thanks to the vast number of insurance providers who claim to have the best auto insurance rates.

If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this strategy. This information will introduce you to how to effectively get price quotes and some tricks to saving. But drivers need to have an understanding of the way insurance companies market on the web and take advantage of how the system works.

Nine discounts to earn lower-cost insurance coverage rates

Some insurers do not advertise every possible discount in a way that’s easy to find, so the next list breaks down both well-publicized as well as some of the hidden discounts you could be receiving when you buy car insurance online. If you are not receiving all the discounts you qualify for, you’re just leaving money on the table.

  • More Vehicles More Savings – Insuring multiple cars or trucks with the same insurance coverage company can reduce rates for all insured vehicles.
  • Professional Organizations – Being in a qualifying organization could qualify you for a break on insurance coverage.
  • Own a Home – Owning your own home or condo can help you save on insurance coverage because of the fact that having a home requires personal responsibility.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last until age 25.
  • Discount for Multiple Policies – If you insure your home and vehicles and insure them both with the same insurance company you could save at least 10 to 15 percent or more.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
  • Pay Early and Save – If paying your policy premium upfront rather than spreading payments over time you could save 5% or more.
  • College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
  • Senior Citizen Discount – Seniors may receive lower premium rates on Shelby GT500 coverage.

Keep in mind that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Even though it appears all those discounts means the company will pay you, it just doesn’t work that way.

To locate insurance coverage companies that offer discounts, click here to view.

Compare car insurance price quotes online

All the larger car insurance companies allow consumers to get price estimates online. Getting online rates is quite simple as you just type in the coverages you want as detailed in the form. When complete, their system will order reports for credit and driving violations and provides a quote determined by many factors.

Being able to quote online simplifies rate comparisons, but having to visit many different websites and type in the same data is a big time waster. But it’s also necessary to perform this step in order to get a better rate.

The preferred way to get multiple rate quotes uses one simple form that gets prices from multiple companies. It saves time, helps eliminate reptitive entry, and makes online shopping a lot less work. Immediately after submitting the form, it is rated and you are able to buy your choice of the resulting price quotes.

If a lower price is quoted, it’s easy to complete the application and buy the new coverage. This process can be completed in a matter of minutes and can result in significant savings.

To compare pricing, simply click here to open in new window and fill out the form. If you currently have coverage, we recommend you replicate exactly as they are listed on your policy. This way, you will have comparison quotes for similar insurance coverage.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining if your situation might need professional guidance.

  • Are my tools covered if they get stolen from my vehicle?
  • How do I insure my teen driver?
  • What can I do if my company won’t pay a claim?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is a new car covered when I drive it off the dealer lot?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Are all vehicle passengers covered by medical payments coverage?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form.

Car insurance companies are expert advertisers

Respected companies like State Farm, Allstate and GEICO continually stream ads in print and on television. They all make an identical promise about savings after switching your policy. How is it plausible that every one can cost less than your current company?

Car insurance companies quote their best rates for the type of customer that will be a good risk. An example of a desirable insured might be described as between the ages of 40 and 55, has had continuous coverage, and has a short commute. A propective insured that hits that “sweet spot” will qualify for the lowest prices as well as cut their rates substantially.

Drivers who don’t qualify for this stringent profile may be required to pay more expensive rates and this can result in business not being written. If you pay attention, the ads say “drivers that switch” but not “all drivers who get quotes” save that much money. This is how insurance companies can confidently advertise the savings.

This illustrates why it is so important to get car insurance quotes from several different companies. You cannot predict which car insurance company will have the lowest prices for your situation.

Learn about auto insurance coverages for a 2014 Ford Shelby GT500

Learning about specific coverages of auto insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Ford Shelby GT500.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like fire damage, hitting a bird and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance covers damage to your Shelby GT500 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, driving through your garage door, hitting a parking meter, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Auto liability

This coverage can cover damage or injury you incur to other’s property or people. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

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 means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for things like loss of income, structural damage, bail bonds, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as X-ray expenses, EMT expenses and prosthetic devices. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Take this to the bank

As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice full coverage only to discover later that it was a big mistake. The aim is to purchase a proper amount of coverage at the best price, but do not sacrifice coverage to save money.

Some companies may not provide the ability to get a quote online and these smaller companies provide coverage only through independent agents. Cheaper insurance is definitely available online as well as from independent agents, and you should compare price quotes from both to get a complete price analysis.

We just showed you a lot of information how to shop for 2014 Ford Shelby GT500 insurance online. It’s most important to understand that the more times you quote, the better likelihood of getting cheap car insurance. You may even discover the lowest rates come from an unexpected company.

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