Cheap 2016 Ford Shelby GT350 Car Insurance Cost

Searching for cheaper insurance for a new or used Ford Shelby GT350 can be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to find car insurance online so we’re going to tell you the quickest way to quote coverages for a new or used Ford and locate the cheapest rates.

It’s a good habit to check car insurance prices at least once a year because car insurance prices are constantly changing. Even if you think you had the best deal for Shelby GT350 insurance a couple years back there is a good chance you can find better premium rates now. There are lots of tips to save on car insurance online, but in a few minutes you can learn the best ways to lower your car insurance premiums.

If you have a policy now or are just looking to switch companies, you can use this information to get lower rates while maximizing coverage. Buying affordable insurance is easy if you know what you’re doing. Drivers just need to know how to compare price quotes online.

Buy insurance online

Performing a rate comparison can take hours if you don’t utilize the most efficient way. You can spend your afternoon talking to insurance companies in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.

Most major companies enroll in a system where prospective buyers only type in their quote data once, and at least one company can give them a price based on that information. This system prevents you from having to do quote forms for every insurance company. To submit your quote information now, click here (opens in new window).

The only drawback to doing it this way is you can’t choose the insurers to get quotes from. If you prefer to choose specific providers to receive pricing from, we have a page of companies who write insurance in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, double check that you are using the same information for every quote you compare. If you are comparing different data it’s impossible to find the best deal for your Ford Shelby GT350.

Discounts for lower-cost insurance rates

Some providers do not list all possible discounts very clearly, so the following is a list of a few of the more common as well as some of the hidden credits available to you.

  • Waiver for an Accident – Not really a discount, but some insurance companies will turn a blind eye to one accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
  • ABS Braking Discount – Anti-lock brake equipped vehicles can reduce accidents so companies give up to a 10% discount.
  • Save over 55 – Mature drivers could receive a discount up to 10% for Shelby GT350 insurance.
  • Accident-Free Discounts – Insureds who avoid accidents and claims get the best insurance rates as opposed to drivers who are more careless.
  • Discount for Multiple Policies – If you can bundle your auto and home insurance with one company you could get a discount of at least 10 to 15 percent or more.
  • Government Employee Discount – Active or former government employment may qualify for a discount when you quote insurance coverage for Shelby GT350 insurance depending on your company.
  • Cautious Driver Discounts – Drivers who avoid accidents can pay as much as 50% less for Shelby GT350 insurance than drivers with accidents.

Consumers should know that many deductions do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like you could get a free insurance policy, it just doesn’t work that way.

Larger insurance companies and some of their more popular discounts are outlined below.

  • Farm Bureau has savings for multi-vehicle, multi-policy, renewal discount, youthful driver, 55 and retired, and good student.
  • Liberty Mutual has discounts for exclusive group savings, newly retired, new move discount, new vehicle discount, newly married, multi-car, and new graduate.
  • State Farm may have discounts that include passive restraint, Drive Safe & Save, defensive driving training, good student, and driver’s education.
  • Auto-Owners Insurance offers premium reductions for paperless, paid in full, anti-theft, safe vehicle, multiple vehicles, and group or association.
  • Geico may offer discounts for military active duty, seat belt use, anti-lock brakes, federal employee, and multi-policy.
  • SAFECO policyholders can earn discounts including drive less, anti-theft, teen safety rewards, accident prevention training, teen safe driver, and bundle discounts.

If you are trying to find the cheapest insurance coverage quotes, ask all companies you are considering to apply every possible discount. Some of the earlier mentioned discounts might not be available to policyholders in your area. To find insurance companies who offer online insurance quotes, click here.

Tailor your insurance coverage coverage to you

When it comes to buying coverage for your vehicles, there is no cookie cutter policy. Each situation is unique.

These are some specific questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • Does my car insurance cover rental cars?
  • I have health insurance so do I need medical payments coverage?
  • Will my insurance pay for OEM parts?
  • Should I drop comprehensive coverage on older vehicles?
  • Can I still get insurance after a DUI?
  • Do I need higher collision deductibles?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance rate influencing factors

The best way to find cheaper auto insurance is to take a look at some of the things that go into determining your premiums. When you understand what controls the rates you pay, this allows you to make good choices that can earn you much lower annual insurance costs.

  • Cheaper auto insurance rates for prior coverage – Driving without insurance coverage in place can get your license suspended and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. Not only will rates go up, the inability to provide proof of insurance may result in fines or a revoked license. You may need to file a SR-22 with your state motor vehicle department.
  • Does your occupation cost you more? – Occupations like doctors, architects and dentists generally have higher premiums than the average policyholder due to job stress and lots of time spent at work. Conversely, jobs like actors, historians and retirees pay the least for Shelby GT350 insurance.
  • You might pay higher costs if you are single – Having a spouse may earn you lower rates when buying auto insurance. It generally demonstrates drivers are more mature and responsible and insurance companies like that being married results in fewer claims.
  • Why do you need liability coverage? – A critical coverage on your policy, liability insurance will afford coverage if you are responsible for causing personal injury or damage in an accident. This coverage provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Extra policy coverages are wasting money – There are quite a few additional coverages that can add up on your Shelby GT350 policy. Add-on coverages like rental car reimbursement, accident forgiveness, and extra life insurance coverage are examples of these. You may think they are a good idea when buying your policy, but if you have no use for them think about removing them and cutting costs.

Don’t believe everything you hear

Consumers get pounded daily by advertisements that promise big savings from companies such as Allstate and Progressive. All the ads tend to make the same promise that drivers will save a bundle just by moving to them.

How is it plausible that every one can make the same claim? This is the way they can do it.

Companies have a preferred profile for the type of customer that will generate a profit. For example, this type of insured could possibly be between 30 and 50, carries full coverage, and drives a vehicle with a low ISO rating. A propective insured who matches that profile will probably get cheap premium rates and is almost guaranteed to save some money.

Potential insureds who don’t qualify for this stringent profile may be required to pay a higher premium and this can result in the driver buying from a lower-cost company. The ads say “customers who switch” but not “all drivers who get quotes” save that much money. That’s the way companies can truthfully make those claims. Because of this risk profiling, you really need to get insurance coverage quotes as often as possible. It is impossible to guess the company that will have the lowest car insurance rates for your situation.

Parts of your insurance policy

Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Liability – This provides protection from damage or injury you incur to people or other property. This coverage protects you against other people’s claims. It does not 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. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims like structural damage, legal defense fees and medical expenses. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Ford Shelby GT350.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection – Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like theft, damage from getting keyed, a broken windshield, hitting a bird and rock chips in glass. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for expenses for EMT expenses, doctor visits and pain medications. They are utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, crashing into a ditch, sustaining damage from a pot hole, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Don’t throw your cash in the trash

There are still a few companies who may not have the ability to get quotes online and these small insurance companies prefer to sell through independent agents. Cheaper 2016 Ford Shelby GT350 insurance can be found on the web and from local agencies, and you need to comparison shop both in order to have the best chance of saving money.

In this article, we presented quite a bit of information on how to lower your 2016 Ford Shelby GT350 insurance car insurance rates. It’s most important to understand that the more you quote insurance coverage, the higher the chance of saving money. Drivers may discover the biggest savings come from an unexpected company.

When shopping online for auto insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at the best possible price, not the least amount of coverage.

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Comments About 2016 Ford Shelby GT350 Insurance

  1. Dione Sandoval

    Got a quote with GMAC for my 2016 Ford Shelby GT350 and am saving around $380 a year. Thankfully I’m not a high risk driver. Wish I didn’t have to insure at all.

  2. Geraldo Kirkland

    Are Progressive rates cheap in Arkansas?

  3. Mirian Cabrera

    I went with State Farm at renewal. Best rates in Des Moines, Iowa.

  4. Shantel Pittman

    If you’re a decent driver and live near West Valley City, UT, check out Allstate. They seem to be cheaper.

  5. Anna Gaines

    Cheaper not always better. I’m in the south part of Houston, Texas. Compared quite a few companies. Saved right around $50 a month. Allstate was the most affordable for me. I’m a pretty low risk driver.

  6. Chantel Scott

    Good detail in your article. I’m in Des Moines, IA. I quoted with Travelers, Auto-Owners, Hanover, and Nationwide for my Shelby GT350 and I’m now saving $23 a month. Good savings if you bundle. I got a quote from their website.

  7. Erin Booker

    I’m just west of Spokane, WA. I got free prices from Progressive, AIG Insurance, and Encompass for my 2016 Ford Shelby GT350 and I think I am saving around $30 each month. Was with Nationwide.

  8. Kenna Lyons

    I’m in Tacoma, WA, and 21st Century rates were affordable. Was with State Farm. I have several vehicles insured with them.

  9. Marietta Leon

    Here’s my info. I’m in the west part of Norfolk, Virginia. Quoted with American Family, Sentry, and Travelers for my Ford and saved $281 a year. Have an at-fault accident tho. Still almost need a second mortgage.

  10. Teresia Ramos

    If you’re a decent driver and live in the vicinity of Albuquerque, NM, check out 21st Century. They seem to be cheaper. I get a discount for insuring multiple vehicles.