View 2010 Ford Shelby GT500 Insurance Rates

Have you finally had enough of trying to scrape together enough money to pay insurance coverage each month? You’re in the same situation as the majority of other drivers.

With so many different company options, it can be diffult for people to pick the most cost effective company.

It is always a good idea to get comparison quotes once or twice a year since prices are variable and change quite frequently. Just because you found the lowest rates for Shelby GT500 insurance a few years ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance coverage because you’re about to find out how to quote online to reduce your cost while improving coverage.

More discounts mean cheap premiums

Some providers don’t always advertise every discount they offer very clearly, so we break down some of the best known as well as some of the hidden credits available to lower your premiums when you buy auto insurance online.

  • Save over 55 – If you’re over the age of 55, you are able to get a small decrease in premiums for Shelby GT500 insurance.
  • Data Collection Discounts – Drivers who agree to allow their company to monitor driving patterns by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they show good driving skills.
  • Own a Home and Save – Just being a homeowner can save you money because of the fact that having a home is proof of financial responsibility.
  • Safe Drivers – Drivers without accidents can get discounts for up to 45% lower rates for Shelby GT500 insurance than drivers with accidents.
  • Air Bag Discount – Options like air bags or motorized seat belts could see savings as much as 30%.
  • Driver Education Discount – Require your teen driver to enroll in driver’s education in school.

One last thing about discounts, most credits do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

For a list of providers that offer multiple discounts, follow this link.

The best way we recommend to compare insurance rates from multiple companies utilizes the fact most of the bigger providers allow for online access to compare rate quotes. To get started, all you need to do is provide a small amount of information like how much education you have, if a SR-22 is needed, how many miles driven, and if you have a valid license. Those rating factors is instantly provided to many different companies and they return cost estimate very quickly.

To check rates for your Ford Shelby GT500 now, click here and find out if you can get cheaper insurance.

Why your insurance premiums might be higher

When buying insurance it’s important to understand the different types of things that go into determining insurance rates. When you understand what controls the rates you pay, this allows you to make good choices that could result in better insurance rates. Lots of factors are taken into consideration when quoting car insurance. A few of the factors are predictable like a motor vehicle report, but other criteria are more transparent like where you live or your commute time.

  • Rates can drop if you have more than one policy – Most larger insurance companies provide better rates to buyers that purchase more than one policy. It’s known as a multi-policy discount. The discount can add up to ten or even fifteen percent. If you currently are using one company, you still need to shop around to ensure the best deal. You may still be able to find lower rates by buying insurance from more than one company.
  • Low mileage costs less – The higher the mileage driven every year the higher the price you pay to insure it. Most companies apply a rate based upon how much you drive. Autos left parked in the garage can get a lower rate than vehicles that are driven to work every day. A policy that improperly rates your Shelby GT500 can result in significantly higher rates. Ask your agent if your insurance policy shows the right rating data, because it can save money.
  • Women pay lower rates – Over the last 30 years, statistics show that females take fewer risks when driving. Now that doesn’t mean females are better drivers. They both are responsible for fender benders in similar numbers, but men tend to have higher claims. Men also tend to get higher numbers of serious violations like DWI (DUI) or reckless driving.
  • Your address can modify premiums – Living in a small town may provide you with better prices when buying insurance. Urban drivers have to deal with congested traffic and a longer drive to work. Less people living in that area translates into fewer accidents in addition to lower liability claims
  • Poor credit rating equals high costs – Having a good credit history is a large factor in your rate calculation. Insureds that have very high credit ratings tend to be more responsible than drivers who have poor credit. So if your credit is low, you could save money insuring your 2010 Ford Shelby GT500 if you clean up your credit.

It’s not one size fits all

When it comes to buying the best insurance coverage coverage, there really is not a “perfect” insurance plan. Every situation is different and your policy should reflect that. For instance, these questions can help discover if your situation will benefit from professional help.

  • Am I covered if I wreck a rental car?
  • Who is covered when they drive my 2010 Ford Shelby GT500?
  • Does coverage extend to a rental car in a foreign country?
  • Are rock chip repairs covered?
  • Does medical payments coverage apply to all occupants?
  • Can I drive in Mexico and have coverage?
  • Am I covered when driving a rental car?
  • How much underlying liability do I need for an umbrella policy?
  • What if I total my 2010 Ford Shelby GT500 and owe more than it’s worth?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Detailed coverages of your car insurance policy

Having a good grasp of car insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average car insurance policy.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Ford Shelby GT500.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from flooding, vandalism, falling objects and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance – Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage pays for claims like attorney fees, legal defense fees and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Collision coverages – Collision coverage covers damage to your Shelby GT500 from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things like crashing into a ditch, hitting a parking meter, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments – Coverage for medical payments and/or PIP kick in for bills for nursing services, dental work, funeral costs and pain medications. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Spend less. Save more.

We’ve covered many ways to reduce 2010 Ford Shelby GT500 insurance auto insurance rates online. The key concept to understand is the more quotes you get, the better likelihood of getting low cost auto insurance. You may even discover the lowest auto insurance rates come from an unexpected company. These companies may only write in your state and offer lower premium rates as compared to the big name companies such as Progressive and GEICO.

While you’re price shopping online, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where someone dropped uninsured motorist or liability limits and learned later that it was a big mistake. Your goal should be to buy enough coverage at the best price, but do not sacrifice coverage to save money.

The cheapest 2010 Ford Shelby GT500 insurance is available online in addition to local insurance agencies, so you need to shop auto insurance with both to have the best selection. A few companies may not have rates over the internet and usually these smaller providers sell through independent agents.

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