How Much Does 2006 Ford GT Insurance Cost?

Are you tired of paying out the nose to insure your Ford every month? You’re in the same situation as the majority of other vehicle owners.

Many car insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to find the best rates possible.

You should make it a habit to take a look at other company’s rates every six months because insurance prices fluctuate regularly. Even if you got the lowest rates for GT coverage two years ago there is a good chance you can find better premium rates now. Forget all the misinformation about insurance because we’re going to demonstrate the only way to eliminate unnecessary coverages and save money.

Insurance coverage policy discounts you can’t miss

Insurance coverage is expensive, but there could be significant discounts that many consumers don’t even know exist. A few discounts will automatically apply when you quote, but a few must be specially asked for prior to getting the savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • New Vehicle Savings – Putting insurance on a new car can be considerably cheaper compared to insuring an older model.
  • Cautious Drivers – Drivers without accidents can save up to 40% or more on their insurance quote for GT coverage than less cautious drivers.
  • Full Payment Discount – By making one initial payment instead of paying each month you may have a lower total premium amount.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you better rates if you take out some life insurance in addition to your auto policy.
  • College Student – College-age children who live away from home to go to college and do not have access to a covered vehicle can receive lower rates.
  • Accident Forgiveness Coverage – This isn’t a discount exactly, but some companies like Geico and Liberty Mutual will forgive one accident without getting socked with a rate hike so long as you are claim-free prior to being involved in the accident.

Discounts save money, but please remember that some credits don’t apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.

Larger insurance coverage companies and a partial list of their discounts are shown below.

  • Farmers Insurance offers premium reductions for pay in full, distant student, electronic funds transfer, bundle discounts, alternative fuel, and youthful driver.
  • Esurance offers discounts for renters, multi-policy, emergency road assistance, safety device, and DriveSense.
  • State Farm has discounts for good driver, good student, Steer Clear safe driver discount, defensive driving training, and safe vehicle.
  • Geico offers discounts including defensive driver, anti-theft, military active duty, seat belt use, and federal employee.
  • Allstate discounts include eSmart discount, farm vehicle, 55 and retired, premier discount, passive restraint, and auto/life discount.

Before purchasing a policy, check with all the companies the best way to save money. Depending on the company, some discounts may not be available in your area.

Where can I get the cheapest car insurance?

When looking for the cheapest insurance quotes, there are a couple ways to compare quotes from car insurance companies in your area. The recommended way to lower the rate you pay for 2006 Ford GT insurance is to jump online and get quotes. This can be accomplished using a couple different methods.

  1. The simplest way to find low rates is a comparison rater form like this one (opens in new window). This quick form eliminates the need for a different quote for each company. Filling out one form gets coverage cost estimates from several companies.
  2. A less efficient way to find lower rates consists of going to each company’s website and get a separate price quote. For example, we’ll assume you want to compare prices for Auto-Owners, Farmers and American Family. To get each rate you have to visit each site and enter your policy data, which explains why we recommend starting with the first method.

    To view a list of companies in your area, click here.

  3. The least recommended method to do your price quoting is going to different agent offices. The ability to buy insurance online has reduced the need for local agents unless you have a complicated situation and need the professional abilities of a licensed agent. Drivers can find lower rates online and get advice from an agent in your area.

Take whichever approach you prefer, but make darn sure you compare apples-to-apples coverage limits for every quote you compare. If you are comparing higher or lower deductibles then you won’t be able to determine the lowest rate for your Ford GT. Just slight variations in limits could throw off the whole comparison. Just remember that comparing a wide range of rates increases your odds of finding a lower rate than you’re paying now. Not every company does rate quotes online, so you also need to get price estimates from them as well.

Find lower-cost auto insurance with these tips

Many different elements are taken into consideration when quoting car insurance. Some are obvious like a motor vehicle report, although some other factors are more transparent such as your credit history and annual miles driven.

Shown below are some of the most rate-impacting factors auto insurance companies consider when setting prices.

  • Bundle and save – Most larger insurance companies afford a discount to people that purchase more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to get quotes from other companies to guarantee you are still saving the most.There is a chance you can find a better deal by insuring with multiple companies.
  • Your employer is a factor – Careers like judges, business owners and financial analysts have higher average rates in part from high stress levels and lengthy work days. On the flip side, jobs such as actors, athletes and homemakers pay the least for GT coverage.
  • Deter vehicle theft – Choosing to buy a car that has a built-in theft deterrent system can get you a discount on your auto insurance. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft and help lower rates.
  • Use credit responsibly and save – Having a bad credit score factor in determining premium rates. If your credit rating is lower than you’d like, you could pay less to insure your 2006 Ford GT by improving your credit score. People that have good credit tend to file fewer claims and have better driving records than drivers who have worse credit.
  • Liability coverage – Liability coverage will afford coverage if ever you are determined to be liable for damages caused by your negligence. Your policy’s liability insurance provides you with a defense in court starting from day one. It is affordable coverage compared to other policy coverages, so buy as much as you can afford.
  • High physical damage deductibles lower premiums – The deductibles you choose state the amount of money you are willing to pay out-of-pocket before your auto insurance pays a claim. Coverage for physical damage, aka comp and collision, is used to repair damage to your car. Some coverage claims could be collision with another vehicle, damage from fire, and damage from wind. The higher the amount you pay before a claim is paid (deductible), the less your company will charge you for insurance for GT coverage.

Insurance agents can help

When buying coverage, there really is not a cookie cutter policy. Each situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining if your situation may require specific advice.

  • Are my friends covered when driving my car?
  • How much can I save by bundling my policies?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Why does it cost so much to insure a teen driver?
  • Am I covered when delivering products for my home-based business?
  • Is extra glass coverage worth it?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Auto insurance coverages 101

Understanding the coverages of a auto insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverages available from auto insurance companies.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like doctor visits, funeral costs, surgery, chiropractic care and dental work. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Coverage for collisions

This will pay to fix damage to your GT caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hail damage, rock chips in glass, a broken windshield, theft and fire damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability car insurance

Liability insurance can cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims such as structural damage, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Ford GT.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Make a quick buck

We just presented a lot of techniques to reduce 2006 Ford GT insurance premium rates online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may even find the lowest premium rates are with a company that doesn’t do a lot of advertising. They often have lower prices on specific markets than their larger competitors like Progressive and Geico.

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. Too many times, someone dropped liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase a proper amount of coverage at the best possible price, but do not sacrifice coverage to save money.

Cheaper insurance can be purchased on the web and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some insurance companies do not offer rate quotes online and usually these small, regional companies only sell through independent agents.

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