2007 Ford Shelby GT500 Car Insurance Quotes – 10 Discounts for Best Rates

Want lower insurance coverage rates for your Ford Shelby GT500? Have you fallen victim to an overpriced insurance coverage policy? You’re preaching to the choir because many consumers are in the same pinch.

Big companies like Allstate, Progressive and Geico continually bombard you with fancy advertisements and it is difficult to sift through the bull and find the best price available.

Insurance Discounts

Some providers do not list all available discounts in an easy-to-find place, so we researched both the well known and the more hidden credits available to lower your premiums when you buy insurance coverage online.

  • Auto/Home Discount – If you insure your home and vehicles and place coverage with the same company you could earn a discount of at least 10 to 15 percent or more.
  • Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts of 25 to 30%.
  • Early Switch Discount – A few insurance companies give discounts for switching companies prior to your current policy expiration. The savings is around 10%.
  • Low Mileage – Keeping the miles down on your Ford could earn lower insurancerates due to less chance of an accident.
  • Paperwork-free – Some of the larger companies may give you up to $50 shop insurance coverage online.
  • Accident Forgiveness Coverage – Not a discount per se, but some companies like State Farm and Geico allow you one accident before they charge you more for coverage as long as you don’t have any claims prior to the accident.
  • Buy New and Save – Insuring a new car can save you some money since new model year vehicles are generally safer.
  • Student Driver Training – Require your teen driver to sucessfully take a drivers education course as it will make them better drivers and lower rates.
  • Driver Safety – Completing a safe driver course is a good idea and can lower rates and also improve your driving technique.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less on Shelby GT500 insurance than their less cautious counterparts.

You should keep in mind that many deductions do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you can get free auto insurance, nobody gets a free ride.

Popular insurance companies and the discounts they provide are shown below.

  • State Farm offers discounts including multiple policy, Steer Clear safe driver discount, passive restraint, student away at school, safe vehicle, and Drive Safe & Save.
  • Nationwide has savings for multi-policy, easy pay, anti-theft, Farm Bureau membership, family plan, and accident-free.
  • Geico discounts include air bags, driver training, anti-theft, five-year accident-free, multi-policy, military active duty, and seat belt use.
  • AAA may include discounts for good student, multi-policy, multi-car, pay-in-full, and AAA membership discount.
  • 21st Century offers discounts for 55 and older, defensive driver, homeowners, anti-lock brakes, and student driver.
  • The Hartford policyholders can earn discounts including defensive driver, anti-theft, bundle, good student, driver training, air bag, and vehicle fuel type.

When getting free insurance coverage quotes, it’s a good idea to all companies you are considering the best way to save money. All car insurance discounts may not be available in your state. If you would like to view providers with discount insurance rates, click here.

Tailor your insurance coverage to you

When it comes to choosing proper insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Does insurance cover damages from a DUI accident?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is my teenager covered with friends in the car?
  • Am I covered when driving in Canada or Mexico?
  • What are the financial responsibility laws in my state?
  • Why do I need rental car insurance?
  • Is upholstery damage covered by car insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.

Insurance coverage basics

Knowing the specifics of your policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages available from insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive auto coverage – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, rock chips in glass, theft, hitting a bird and vandalism. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverages – This coverage pays for damage to your Shelby GT500 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like backing into a parked car, crashing into a ditch, colliding with another moving vehicle, crashing into a building and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Liability – This coverage will cover damages or injuries you inflict on people or other property by causing an accident. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as attorney fees, emergency aid, pain and suffering and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Medical payments and PIP coverage – Med pay and PIP coverage provide coverage for immediate expenses like prosthetic devices, chiropractic care and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

More quotes. Lower rates.

Some insurance providers may not have online quoting and these smaller companies work with independent agencies. Discount 2007 Ford Shelby GT500 insurance can be found on the web and from local agencies, and you need to price shop both in order to have the best price selection to choose from.

As you prepare to switch companies, do not reduce needed coverages to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage only to discover later they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.

In this article, we presented a lot of ways to shop for 2007 Ford Shelby GT500 insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding low cost insurance coverage. You may even find the best price on auto insurance is with an unexpected company. Some small companies can often provide lower prices in certain areas compared to the large companies like Progressive or Geico.

Additional auto insurance information can be found at these links: