Compare 2011 Ford Shelby GT500 Insurance Cost

Shoppers have many options when shopping for the lowest priced Ford Shelby GT500 insurance. They can either waste time driving around getting price quotes or utilize the internet to find the lowest rates. There are both good and bad ways to compare auto insurance rates and we’ll show you the absolute fastest way to get price quotes for your Ford and obtain the best price possible either online or from local insurance agents.

You need to do price comparisons periodically because rates trend upward over time. Just because you had the lowest rate for Shelby GT500 insurance last year the chances are good that you can find a lower price today. You’ll find a ton of advice on auto insurance online, but by reading this article, you’re going to learn some great ideas on how to put money back in your pocket.

The method we recommend to get policy rate comparisons is to understand car insurance companies have advanced systems to compare their rates. The one thing you need to do is provide a small amount of information like if your license is active, if it has an alarm system, if you went to college, and deductibles desired. Those rating factors is instantly provided to many different companies and they return rate quotes instantly to find the best rate.

If you wish to get multiple quotes for your 2011 Ford Shelby GT500 now, click here and find out if lower rates are available.

Save $428 a year? Really?

Consumers can’t avoid all the ads for cheaper auto insurance from the likes of Allstate and Progressive. They all make the same claim that drivers can save some big amount if you just switch your auto insurance policy to them.

It sounds good, but how can they all cost less than your current company? You have to listen carefully.

Many companies require specific criteria for the type of customer that earns them a profit. An example of this type of insured might be described as married and over the age of 30, carries high limits, and the vehicle is rated for pleasure use. Someone that hits that “sweet spot” will get a cheap rate quote and most likely will pay quite a bit less when switching companies.

People who fall outside this ideal profile will probably be forced to pay higher premium rates which results in business going elsewhere. The trick is to say “customers that switch” but not “all drivers who get quotes” save the amount stated. That is how insurance companies can confidently make it sound like they have such great rates. This really emphasizes why you really should compare many company’s rates. It’s impossible to know which auto insurance company will have the lowest rate quotes.

How you can control Ford Shelby GT500 insurance costs

Multiple criteria are used when you get your auto insurance bill. Some factors are common sense like your driving record, but other criteria are not quite as obvious such as your marital status or how financially stable you are.

The list below includes some of the items used by your company to calculate prices.

• Accidents inflate premiums – Drivers with clean records receive lower rates than their less careful counterparts. Getting just one citation can boost insurance rates twenty percent or more. Drivers who have gotten serious violations such as DUI or reckless driving are required to complete a SR-22 to the state department of motor vehicles in order to keep their license.
• How many miles do you drive? – The more you drive in a year’s time the more it will cost to insure it. Almost all companies calculate rates partially by how you use the vehicle. Cars that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Having the wrong rating on your Shelby GT500 may be costing you higher rates. Ask your agent if your policy reflects how each vehicle is driven.
• Credit history impacts costs – Credit score is a large factor in determining your rates. Therefore, if your credit leaves room for improvement, you may save money insuring your 2011 Ford Shelby GT500 by improving your rating. Insureds that have very high credit ratings tend to be better risks to insure than drivers who have poor credit scores.
• Prices are affected by your address – Living in areas with lower population has it’s advantages when insuring your vehicles. Residents of big cities have to deal with much more traffic and longer commute times. Lower population translates into fewer accidents.
• Men are more aggressive – Statistics show that females take fewer risks when driving. However, this does not mean females are better drivers. Males and females tend to get into fender benders in similar numbers, but the male of the species have costlier accidents. They also get ticketed for serious violations like driving under the influence (DUI).
• Certain vocations raise prices – Did you know your job can affect your rates? Occupations like doctors, architects and dentists are shown to have higher premiums than the average policyholder because of high stress and incredibly demanding work hours. Other occupations like professors, students and homemakers have the lowest average rates for Shelby GT500 insurance.
• Decrease prices by maintaining coverage – Going without insurance is a sure-fire way to pay more for auto insurance. In addition to paying higher premiums, being ticketed for driving with no insurance may result in a license revocation or jail time.
• Keep insurance claims to a minimum – Auto insurance companies award most affordable rates to policyholders who file claims infrequently. If you file a lot of claims you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for the large, substantial claims.

Discounts can really help lower rates

Auto insurance is not inexpensive, but there could be available discounts to reduce the price significantly. Certain discounts will be applied when you get a quote, but some need to be asked about in order for you to get them.

• One Accident Forgiven – This one isn’t a discount, but companies like Geico and Liberty Mutual allow you one accident before they charge you more for coverage if you are claim-free for a particular time prior to the accident.
• Payment Method – If you can afford to pay the entire bill instead of making monthly payments you can actually save on your bill.
• Save with a New Car – Adding a new car to your policy may earn a small discount because newer vehicles are generally safer.
• Clubs and Organizations – Participating in qualifying employment or professional organizations can get you a small discount when getting a car insurance quote.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted auto insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
• Telematics Discount – Drivers who elect to allow driving data collection to study their driving habits remotely such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they have good driving habits.
• Driver Safety – Completing a class that teaches defensive driving techniques may get you a small discount if your company offers it.
• Multi-Vehicle Discounts – Insuring multiple cars or trucks on a single policy can reduce rates for all insured vehicles.

Just know that most discounts do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. Even though it appears you would end up receiving a 100% discount, it doesn’t quite work that way.

A list of auto insurance companies and some of the discounts can be found below.

• Geico has savings for federal employee, anti-lock brakes, good student, seat belt use, and daytime running lights.
• Mercury Insurance offers discounts including multi-policy, age of vehicle, good driver, anti-theft, low natural disaster claims, accident-free, and good student.
• Farmers Insurance may offer discounts for distant student, mature driver, early shopping, switch companies, electronic funds transfer, and teen driver.
• Auto-Owners Insurance may have discounts that include company car, group or association, multi-policy, mature driver, air bags, teen driver, and paid in full.
• Liberty Mutual policyholders can earn discounts including newly married, multi-policy, preferred payment discount, new graduate, and exclusive group savings.
• SAFECO includes discounts for bundle discounts, teen safe driver, homeowner, multi-car, teen safety rewards, and drive less.
• Progressive may include discounts for online signing, online quote discount, multi-vehicle, multi-policy, continuous coverage, homeowner, and good student.
• USAA discounts include annual mileage, multi-vehicle, family discount, driver training, military installation, defensive driver, and loyalty savings.

It’s a good idea to ask each insurance company to apply every possible discount. Discounts might not apply in your area.

Will just any policy work for me?

When buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine whether you would benefit from professional advice.

• What happens if I owe more than my 2011 Ford Shelby GT500 is worth?
• Which companies will insure high-risk drivers?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• What are the best liability limits?
• Is my business laptop covered if it gets stolen from my vehicle?
• Does my policy cover my teen driver if they drive my company car?
• When should I remove comp and collision on my 2011 Ford Shelby GT500?
• Is my trailer covered?
• Does my policy cover me when driving someone else’s vehicle?
• Do I have coverage for damage caused while driving under the influence?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage information

Understanding the coverages of insurance can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Coverage for collisions

This pays for damage to your Shelby GT500 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like scraping a guard rail, crashing into a building, crashing into a ditch, hitting a parking meter and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, fire damage, rock chips in glass, theft and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for things like hospital visits, X-ray expenses, pain medications, dental work and EMT expenses. The coverages can be used to cover expenses not covered by 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 getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Liability auto insurance

This protects you from damage or injury you incur to other’s property or people. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as medical services, bail bonds and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Coverage on a shoestring budget

People who switch companies do it for a variety of reasons including delays in responding to claim requests, being labeled a high risk driver, delays in paying claims or high rates after DUI convictions. Regardless of your reason for switching companies, finding a new company is less work than it seems.

A few companies may not have rate quotes online and most of the time these smaller companies prefer to sell through independent agencies. More affordable insurance is possible both online in addition to many insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There have been many situations where someone dropped comprehensive coverage or liability limits only to regret that they should have had better coverage. Your strategy should be to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

To read more, feel free to visit the articles below:

• Five Mistakes to Avoid (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Auto Insurance Learning Center (State Farm)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)