How Much Does 2010 Ford Shelby GT500 Car Insurance Cost?

Trying to come up with a payment for pricey auto insurance can consume your budget and force you to prioritize other expenses. Comparison shopping is free, only takes a few minutes, and is a good way to ensure you are getting the best deal.

Due to the large number of insurance providers from which to choose, it can be hard to locate the most affordable auto insurance company.

Finding affordable coverage is not that difficult. In a nutshell, every vehicle owner who carries car insurance should be able to find better rates. Nevertheless, consumers can benefit by having an understanding of the way companies compete online because it can help you find the best coverage.

Do you qualify for discount auto insurance?

Insurance can cost an arm and a leg, but you might be missing out on some discounts that you may not know about. Certain discounts will be applied at the time of purchase, but some may not be applied and must be asked for in order for you to get them. If you check and find you aren’t receiving every discount you deserve, you are not getting the best rate possible.

• Low Miles Discount – Driving less could earn lower rates on the low mileage vehicles.
• Government Employees – Federal government employees may qualify for a discount when you quote insurance coverage on Shelby GT500 insurance but check with your company.
• Passive Restraint Discount – Factory options such as air bags or motorized seat belts may earn rate discounts of up to 25% or more.
• Mature Driver Discount – Drivers over the age of 55 can get a slight reduction on a insurance coverage quote on Shelby GT500 insurance.
• Bundled Policy Discount – If you can combine your auto and home policy and insure them both with the same insurance company they may give you a discount of 10% to 20% off each policy.

Don’t be surprised that some credits don’t apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

If you would like to choose from a list of insurance companies with significant discounts, click here to view.

Car insurance quotes comparison

Shopping for lower car insurance rates can be exhausting if you don’t know the easiest way. You can waste a lot of time talking about coverages with agents in your area, or you could save time and use online quotes to quickly compare rates.

All the larger companies take part in a program where insurance shoppers submit their information once, and every company can provide price quotes for coverage. This saves time by eliminating quote forms to each company.

To access this free quoting program, click here to start a free quote.

One minor caviat to using this type of system is you don’t know exactly the companies you want to price. So if you prefer to pick individual companies to compare, we have a page of low cost car insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but do your best to enter the exact same coverages and limits for each price quote. If you compare different coverage information it’s not possible to determine the lowest rate for your Ford Shelby GT500. Quoting even small variations in insurance coverages or limits could mean much higher rates. And when comparison shopping, comparing a large number of companies will improve the odds of getting the best price.

Lower the price of insurance with these tips

Many factors are used in the calculation when quoting car insurance. Most are fairly basic such as traffic violations, but others are not as apparent such as whether you are married or how safe your car is.

• When should you not file a claims? – Auto insurance companies generally give the best rates to people that do not abuse their auto insurance. If you are a frequent claim filer, you can look forward to either higher rates or even cancellation. Auto insurance is intended to be relied upon for more catestrophic claims.
• Credit rating impacts premiums – An insured’s credit score is likely to be a major factor in calculating your premium rate. Insureds that have good credit tend to file fewer claims than drivers with bad credit. Therefore, if your credit is low, you could potentially save money when insuring your 2010 Ford Shelby GT500 by repairing your credit.
• Urban residents pay more – Living in a small town is a positive aspect when talking about insurance. Fewer people translates into fewer accidents as well as less vandalism and auto theft. People in densly populated areas regularly have more traffic problems and higher rates of accident claims. Spending more time driving statistically corresponds to a higher accident and claim rate.
• More policies can equal more savings – Most larger insurers allow lower prices to customers that buy multiple policies, otherwise known as a multi-policy discount. Even with this discount applied, it’s always a smart idea to compare other insurance prices to ensure the best deal.
• Physical damage deductibles – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Some coverage claims are running into the backend of another car, hail damage, and damage caused by flying debris. The deductibles represent how much money you are willing to pay before your insurance pays a claim. The more of the claim you pay before a claim is paid (deductible), the bigger discount you will receive on Shelby GT500 insurance.

What insurance coverages do I need?

When buying the best car insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight whether you might need professional guidance.

• What is the rate difference between pleasure use and commuting?
• Am I covered when driving on a suspended license?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Is my dog or cat covered if injured in an accident?
• When would I need rental car insurance?
• What should my uninsured motorist coverage limits be in my state?

If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Smaller companies may have the best rates

Insurance coverage companies such as Geico, State Farm and Progressive constantly bombard you with ads on television and other media. They all say the same thing that drivers will save a bundle if you change your insurance coverage coverage to their company. How does every company make almost identical claims? This is the way they can do it.

Different companies have specific criteria for the type of customer that earns them the highest profit. A good example of a profitable customer may be over the age of 40, has never had a policy lapse, and has a high credit rating. Any driver who fits that profile receive the lowest rate quotes and have a good chance to save if they switch.

People who do not match the ideal profile will probably be forced to pay a higher premium and ends up with the customer not purchasing. The wording the ads use say “drivers who switch” not “everyone that quotes” save that much. That is how insurance companies can make it sound like they have such great car insurance rates. Because of this risk profiling, drivers must get as many free insurance coverage quotes as possible. It’s impossible to know which company will be your best fit.

Coverages available on your car insurance policy

Understanding the coverages of a car insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages offered by car insurance companies.

Collision coverage protection

Collision insurance covers damage to your Shelby GT500 caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Liability

Liability insurance protects you from injuries or damage you cause to a person or their property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like loss of income, bail bonds and repair costs for stationary objects. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from getting keyed, hitting a bird, damage from a tornado or hurricane and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as ambulance fees, EMT expenses, funeral costs, rehabilitation expenses and pain medications. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Shelby GT500.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Make an honest buck

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to buy a smart amount of coverage for the lowest price and still be able to protect your assets.

Discount 2010 Ford Shelby GT500 insurance is available online and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide online price quotes and usually these small insurance companies provide coverage only through independent insurance agents.

We’ve covered some good ideas how to shop for 2010 Ford Shelby GT500 insurance online. The key concept to understand is the more companies you get premium rates for, the better chance you’ll have of finding affordable insurance coverage. You may be surprised to find that the biggest savings come from a smaller regional carrier. They often have lower premium rates on specific markets than the large multi-state companies such as Geico and State Farm.

More tips and info about insurance can be read in these articles:

• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Auto Insurance Learning Center (State Farm)
• Tread Depth and Tire Safety (State Farm)
• Determing Auto Insurance Rates (Geico)
• Medical Payments Coverage (Liberty Mutual)
• Prepare your Teens for Safe Driving (InsureUonline.org)