2008 Ford Shelby GT500 Car Insurance Quotes – 5 Ideas for Cheaper Rates

Searching for low-cost insurance for a new or used Ford Shelby GT500 could be an all-consuming task, but you can learn our insurance buying tips to make it easier. There are both good and bad ways to shop for insurance so we’re going to tell you the quickest way to compare rates for your Ford and locate the lowest possible price either online or from local insurance agents.

You should take the time to compare premium rates once or twice a year because prices fluctuate regularly. Even if you think you had the best deal on Shelby GT500 coverage a year ago you will most likely find a better rate today. Forget all the misinformation about insurance because you’re going to learn one of the easiest ways to save on insurance.

Are you receiving every discount?

Companies offering auto insurance do not advertise every possible discount in an easy-to-find place, so the list below details both the well known in addition to some of the lesser obvious credits available to you.

  • Good Student – Getting good grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
  • Theft Prevention Discount – Cars and trucks with anti-theft systems help deter theft and can earn a small discount on your policy.
  • Life Insurance Discount – Some insurance carriers give better insurancerates if you take out some life insurance in addition to your auto policy.
  • Multiple Vehicles – Having several vehicles on one policy can reduce the rates for all insured vehicles.
  • College Student Discount – Older children who are enrolled in higher education away from home without a vehicle on campus can be insured at a reduced rate.

As a footnote on discounts, most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as comp or med pay. Even though the math looks like all those discounts means the company will pay you, insurance companies aren’t that generous.

The best insurance companies and a summarized list of policyholder discounts are shown below.

  • The Hartford offers discounts for good student, air bag, defensive driver, vehicle fuel type, driver training, and bundle.
  • American Family policyholders can earn discounts including good student, accident-free, TimeAway discount, air bags, bundled insurance, multi-vehicle, and early bird.
  • Progressive discounts include good student, homeowner, multi-vehicle, continuous coverage, online quote discount, and multi-policy.
  • Travelers offers discounts including home ownership, hybrid/electric vehicle, IntelliDrive, save driver, and multi-car.
  • Farmers Insurance has savings for pay in full, electronic funds transfer, youthful driver, good student, business and professional, multi-car, and distant student.
  • USAA includes discounts for family discount, military installation, loyalty savings, vehicle storage, and good student.
  • Liberty Mutual may include discounts for multi-policy, new move discount, newly retired, safety features, and newly married.

When getting free insurance coverage quotes, it’s a good idea to every insurance company to apply every possible discount. Some discounts might not be available to policyholders in your area. If you would like to see a list of insurers who offer insurance discounts, click this link.

Quote insurance online

Cutting your insurance rates is actually easier than you may think. Just invest a little time comparing rate quotes to find out which insurance company has low cost insurance coverage quotes. Rate comparisons can be done in a couple of different ways.

The fastest and easiest way consumers can analyze rates would be an industry-wide quote request form click here to open form in new window. This method prevents you from having to do separate quotes for each company you want a rate for. In just a few minutes this one form gets insurance cost estimates from all major companies. It’s the fastest way to compare.

A more difficult way to obtain and compare quotes online consists of visiting the website of each company and go through the quote process again. For instance, let’s assume you are doing a rate comparison from Allstate, Farmers and Geico. To do that, you would have to spend time going to each site individually and repeatedly type in your coverage information, which is why the first method is more popular.

For a list of links to insurance companies in your area, click here.

Whichever way you choose to compare rates, ensure you’re using apples-to-apples coverages and limits on every quote you get. If you have differing limits you will not be able to truly determine the lowest rate.

When in doubt talk to an agent

When buying the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Does my policy cover my teen driver if they drive my company car?
  • I have health insurance so do I need medical payments coverage?
  • When can my company non-renew my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Can I rent a car in Mexico?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my policy cover me when driving someone else’s vehicle?
  • Should I have a commercial auto policy?
  • Will my insurance pay for OEM parts?
  • Do I pay less for low miles?

If you can’t answer these questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Insurance specifics

Understanding the coverages of a insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Collision insurance

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sideswiping another vehicle, crashing into a building and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as pain medications, nursing services, surgery and prosthetic devices. They can be used in conjunction with a 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 and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like vandalism, a tree branch falling on your vehicle and hail damage. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2008 Ford Shelby GT500.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Liability

This coverage can cover damages or injuries you inflict on people or other property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as medical expenses, medical services and pain and suffering. How much coverage you buy is your choice, but buy as high a limit as you can afford.

Save your cold hard cash

As you shop your coverage around, make sure you don’t buy less coverage just to save a little money. There have been many cases where consumers will sacrifice liability coverage limits only to regret that the savings was not a smart move. Your objective should be to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

Affordable 2008 Ford Shelby GT500 insurance is attainable both online in addition to many insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers may not provide internet price quotes and many times these regional carriers prefer to sell through independent agents.

People who switch companies do it for many reasons like high prices, not issuing a premium refund, unfair underwriting practices and even delays in responding to claim requests. It doesn’t matter why you want to switch finding a great new company can be easier than you think.

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