Cheaper 2008 Ford Shelby GT500 Car Insurance Quotes

Want cheaper insurance coverage rates? Drivers have a choice when trying to find the best price on Ford Shelby GT500 insurance. You can either waste hours struggling with agents getting price quotes or use the internet to get rate quotes.

There is a better way to shop for insurance coverage and you need to know the best way to quote coverages for a Ford and find the cheapest rates from local insurance agents and online providers.

Six tips to get lower-cost insurance costs

Lots of factors are part of the calculation when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but other criteria are not as apparent such as your credit history or how financially stable you are.

  • How much liability coverage do you need? – Liability insurance kicks in in the event that you are responsible for personal injury or accident damage. It provides legal defense coverage starting from day one. This coverage is very inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Consolidate and save – The majority of companies will give discounts to people who buy several policies from them. It’s known as a multi-policy discount. This can amount to ten or even fifteen percent. If you currently are using one company, you may still want to compare other insurance prices to help ensure you have the lowest rates.
  • More people means more accidents – Choosing to live in a rural area is a positive aspect when insuring your vehicles. Less people living in that area means less chance of accidents and a lower car theft rate. Urban drivers have to deal with more auto accidents and more severe claims. Higher commute times means higher likelihood of an accident.
  • Insurance rates for married couples – Having a wife or husband may earn you lower rates on your policy. Having a spouse usually means you are less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.
  • Better premiums on safer vehicles – Cars with five star safety ratings tend to have lower insurance rates. These vehicles reduce the chance of injuries and lower injury rates translates into savings for insurance companies which can mean better rates for you. If your Ford is rated at least four stars on you may pay a lower rate.
  • Be proud to be claim-free – Auto insurance companies generally give the best rates to insureds who are claim-free. If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Your car insurance is intended for claims that pose a financial burden.

Low cost car insurance quotes online

Getting a cheaper price on 2008 Ford Shelby GT500 insurance is an easy way to save money. The only thing you need to do is take a couple of minutes to get quotes online with multiple companies. It’s super easy and can be done using a couple different methods.

  1. Experts agree that the best way to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This type of form prevents you from having to do separate quotation requests for every prospective company. One simple form gets you coverage quotes from several companies. Just one form and you’re done.
  2. Another way to compare rate quotes is to take the time to go to the website for every company you want to comare to complete a price quote. For sake of this example, let’s say you want to compare rates from Liberty Mutual, State Farm and Allstate. To find out each rate you need to take the time to go to each site to enter the same coverage data repeatedly, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The hardest method to get price estimates is to waste gas driving to different agent offices. The ability to get quotes online has made agencies unnecessary unless you have a need for the professional assistance of a local agency. However, consumers can price shop your coverage online but have a local agent actually write the policy.

The method you choose is up to you, but make sure you compare the same coverages and limits on every quote you get. If you are comparing different liability limits it’s not possible to decipher which rate is best.

Discounts can really help save money

Auto insurance is easily one of your largest bills, but discounts can save money and there are some available that many consumers don’t even know exist. Many of these discounts will be applied automatically when you purchase, but a few must be requested specifically before you get the savings. If you do not check that you are getting every discount you qualify for, it’s possible you qualify for a lower rate.

  • Early Renewal Discounts – Some larger companies provide a discount for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Multi-policy Discount – If you can bundle your homeowners and auto insurance with one insurance company you could get a discount of up to 20% and get you affordable insurance coverage.
  • Good Grades Discount – Performing well in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
  • Passive Restraints – Cars that have air bags may qualify for discounts of up to 25% or more.
  • Distant Student – Older children living away from home attending college and do not take a car to college can be insured at a reduced rate.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you can get free auto insurance, companies don’t profit that way. Any amount of discount will help lower your overall bill.

Insurance companies that may offer some of the discounts shown above are:

It’s a good idea to ask every insurance company to apply every possible discount. Some of the discounts discussed earlier might not be offered everywhere. To see insurance companies that offer multiple discounts, follow this link.

Will just any policy work for me?

When buying coverage, there is no “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that may help you determine if you might need an agent’s assistance.

  • Does my personal policy cover me when driving out-of-state?
  • Are my friends covered when driving my 2008 Ford Shelby GT500?
  • What is high-risk coverage and where do I buy it?
  • Am I covered if I crash into my own garage door?
  • Am I covered if I hit a deer?
  • Do I pay less for low miles?
  • What is the ISO rating for a 2008 Ford Shelby GT500?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form. It’s fast, free and can provide invaluable advice.

Coverages available on your policy

Understanding the coverages of your auto insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement.

Liability coverage – Liability coverage protects you from damage or injury you incur to other’s property or people that is your fault. This coverage 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. Your policy might show limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as repair costs for stationary objects, bail bonds, legal defense fees, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive auto insurance – This will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, hitting a bird, hail damage and falling objects. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for uninsured or underinsured drivers – This provides protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2008 Ford Shelby GT500.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are similar to your liability insurance amounts.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like X-ray expenses, chiropractic care, ambulance fees and prosthetic devices. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – This covers damage to your Shelby GT500 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a building, damaging your car on a curb, crashing into a ditch, driving through your garage door and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

More quotes. Lower rates.

Budget-conscious 2008 Ford Shelby GT500 insurance can be sourced online in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and many times these smaller providers work with independent agents.

Consumers switch companies for many reasons like lack of trust in their agent, high prices, questionable increases in premium or delays in paying claims. Regardless of your reason for switching companies, finding a great new company can be easier than you think.

When shopping online for insurance, do not skimp on coverage in order to save money. There have been many cases where drivers have reduced liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible at the best possible price, but don’t skip important coverages to save money.

More detailed insurance information can be found in these articles: