2014 Ford Shelby GT500 Insurance Quotes

Trying to find better insurance coverage rates for your Ford Shelby GT500? Finding the lowest cost insurance coverage on the web might seem overwhelming for vehicle owners not familiar with buying their insurance coverage over the internet. With such a large number of companies in the marketplace, how are we expected to possibly compare every company in order to find the best available price?

It’s a good idea to price shop coverage quite often because insurance coverage prices are adjusted regularly by insurance companies. Even if you think you had the lowest rate on Shelby GT500 insurance last year there is a good chance you can find better premium rates now. Ignore everything you know about insurance coverage because we’re going to demonstrate the tricks you need to know to properly buy coverages while reducing your premium.

Auto insurance companies offer money-saving discounts

Car insurance companies don’t necessarily list every possible discount very clearly, so we researched a few of the more well known as well as the least known credits that you can use to lower your rates.

  • One Accident Forgiven – This isn’t a discount exactly, but a handful of insurance companies will turn a blind eye to one accident before they charge you more for coverage as long as you don’t have any claims prior to being involved in the accident.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.
  • Sign Online – Many companies will provide an incentive for buying a policy and signing up over the internet.
  • Military Rewards – Having a deployed family member could trigger a small discount.
  • Renewal Discounts – A few companies offer discounts for buying a new policy before your current coverage expires. This can save 10% or more.
  • Discounts for Federal Employees – Active or former government employment can earn a discount up to 10% on Shelby GT500 insurance but check with your company.

Remember that many deductions do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck.

Car insurance companies who may offer most of these discounts are:

When comparing rates, check with each company which discounts you qualify for. Some credits may not apply in your state.

Affordable insurance coverage quotes

To find the best insurance coverage quotes, there are several ways to obtain and compare prices from different insurance companies. The easiest way to find cheaper 2014 Ford Shelby GT500 rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

The recommended way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form saves time by eliminating separate forms for every insurance coverage company. One form gets insurance cost estimates from all major companies. This is by far the quickest method.

A slightly less efficient method to shop for insurance coverage online consists of going to the website for every company you want to comare and fill out a new quote form. For example, let’s say you need rates from Progressive, Allstate and Farmers. To get rate quotes you would need to spend time on each company’s site to enter the same coverage data repeatedly, which is why most consumers use the first method. To view a list of companies in your area, click here.

The most time-consuming way to find cheaper rates is calling or driving to each insurance agency near you. Comparing rate quotes online makes this unnecessary unless you have a complicated situation and need the peace of mind of a licensed agent. However, consumers can price shop online but buy the policy through an agent.

Take whichever approach you prefer, but be sure to compare equivalent coverage data on every quote you get. If your comparisons have mixed coverages it will be next to impossible to make a fair comparison for your Ford Shelby GT500. Just a small difference in coverage limits could mean much higher rates. And when quoting insurance coverage, remember that more quotes helps you find the best offered rates. Not every company provides online quotes, so it’s recommended that you also compare price quotes from them, too.

Do I just need basic coverages?

When buying the right insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

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

  • Should I put collision coverage on all my vehicles?
  • Is upholstery damage covered by car insurance?
  • Is my trailer covered?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered when using my vehicle for business?
  • Are all vehicle passengers covered by medical payments coverage?
  • Can my babysitter drive my car?
  • Is my teenager covered with friends in the car?
  • I have a DUI can I still get coverage?
  • Are rock chip repairs covered?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form.

Specific coverage details

Understanding the coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision coverage

Collision insurance pays for damage to your Shelby GT500 caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like sustaining damage from a pot hole, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your 2014 Ford Shelby GT500.

Since a lot of 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 your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability insurance

This will cover damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things like court costs, attorney fees and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for doctor visits, EMT expenses, prosthetic devices and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive auto insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hail damage, theft and rock chips in glass. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Get your money’s worth

In this article, we covered some good ideas how you can shop for 2014 Ford Shelby GT500 insurance online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding affordable auto insurance. You may even discover the best premium rates are with an unexpected company.

Cheaper auto insurance can be found both online and from local insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance providers do not offer rates over the internet and most of the time these small insurance companies prefer to sell through independent insurance agencies.

Insureds switch companies for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, high rates after DUI convictions or delays in responding to claim requests. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.

Helpful information