Compare 2013 Ford Shelby GT500 Car Insurance Quotes

Trying to find better auto insurance rates for your Ford Shelby GT500? Getting the lowest price auto insurance on the internet can appear to be challenging for comparing rates online. With so many options of insurers to choose from, how can anyone even start to compare every company to locate the cheapest price possible?

Cheaper rates by earning discounts

Companies offering auto insurance do not list all disounts in an easy-to-find place, so the following list contains both the well known and also the more inconspicuous credits available to you. If you do not double check each discount you deserve, you are just wasting money.

  • Early Switch Discount – A few insurance companies give discounts for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Theft Deterent Discount – Vehicles that have factory anti-theft systems are less likely to be stolen and earn discounts up to 10% off your insurance quote.
  • Good Student Discount – A discount for being a good student may save you up to 25%. The discount lasts until age 25.
  • ABS Braking Discount – Cars with ABS braking systems or traction control are safer to drive and earn discounts up to 10%.
  • Discounts for New Vehicles – Putting insurance on a new car can get you a discount because newer vehicles keep occupants safer.
  • Driver Education Discount – Have your child enroll in driver’s education in high school.
  • Driver Training Discounts – Taking time to complete a safe driver class could cut 5% off your bill depending on where you live.
  • Low Mileage Discounts – Maintaining low annual mileage could earn slightly better rates than normal.
  • Save with More Vehicles Insured – Having more than one vehicle with one company can get a discount on all vehicles.

It’s important to note that most credits do not apply the the whole policy. Most only cut the cost of specific coverages such as comp or med pay. So when the math indicates all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

To see companies with significant discounts, click here to view.

Compare quotes for insurance coverage

There are a lot of ways to compare insurance coverage prices but one way is less labor-intensive and much quicker. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you could save time and use online quoting to quickly compare rates.

All the larger companies participate in an industry program where prospective buyers enter their coverage request one time, and each participating company then gives them pricing determined by their information. This prevents consumers from doing quotation requests for each company you want a rate for. To find out how much you can save on insurance coverage click here (opens in new window).

The only downside to using this type of form is buyers cannot specifically choose which providers you want pricing from. So if you want to select specific insurance companies to compare rates, we put together a list of companies who write insurance coverage in your area. Click to view list.

It’s your choice how you get your quotes, but do your best to use the exact same quote information for every company. If you are comparing differing limits you can’t possibly make a fair rate comparison. Just a small difference in coverages can make a big difference in price. Just keep in mind that obtaining a wide range of quotes helps locate the best offered rates. Not every company allows you to get price estimates online, so it’s important to also get prices on coverage from those companies, too.

Informed drivers can lower their insurance rates

One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that help determine the price you pay for car insurance. If you have a feel for what influences your rates, this allows you to make good choices that could help you find much lower annual insurance costs.

The following are some of the most rate-impacting factors car insurance companies consider when setting prices.

  • Alarm systems lowers rates – Driving a car with an alarm system can help lower your rates. Systems that thwart theives such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • High credit score translates to low rates – Your credit score is a large factor in your rate calculation. Therefore, if your credit history is low, you could save money insuring your 2013 Ford Shelby GT500 by improving your rating. People that have excellent credit scores tend to file fewer claims as compared to drivers with worse credit.
  • Lower rates for married couples – Your spouse can actually save you money when buying car insurance. Having a significant other usually means you are more stable financially it has been statistically shown that drivers who are married file infrequent claims.
  • Save money by raising comp and collision deductibles – The deductibles define how much you are willing to pay if a covered claim is submitted. Physical damage protection, also called comprehensive and collision insurance, is used to repair damage to your car. Examples of some claims that would be covered are colliding with a stationary object, hail damage, or theft of your vehicle. The larger the amount the insured has to pay upfront, the lower your rates will be for Shelby GT500 insurance.
  • Careless driving means higher costs – Just one moving violation can bump up the cost by twenty percent. Careful drivers pay less for auto insurance compared to bad drivers. Drivers who have gotten serious violations like DWI, reckless driving or hit and run convictions may need to submit a SR-22 form with their state DMV in order to keep their license.
  • Which gender costs less? – Statistics demonstrate that females take fewer risks when driving. It does not mean females are better at driving than males. Both sexes are responsible for auto accidents in similar numbers, but males get into accidents with more damage. They also get cited for more serious violations like DWI (DUI) or reckless driving.
  • Do you have enough liability? – Liability coverage provides coverage if ever you are responsible for an accident. Liability insurance provides legal defense coverage starting from day one. Liability is cheap compared to comp and collision, so buy as much as you can afford.

Your car insurance coverage should be tailored to you

When choosing coverage for your vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining if your insurance needs will benefit from professional help.

  • What companies insure drivers after a DUI or DWI?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my teenager covered with friends in the car?
  • What is the minimum liability in my state?
  • Are my friends covered when driving my car?
  • Does my car insurance cover rental cars?
  • How much underlying liability do I need for an umbrella policy?
  • Can my teen driver be rated on a liability-only vehicle?
  • What is medical payments coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form.

Is there deception in advertising?

Insurance coverage providers like Allstate and Progressive regularly use television and radio advertisements. All the companies say the same thing that drivers can save some big amount just by moving to them. It sounds good, but how can they all make almost identical claims? Here is how they do it.

Most companies are able to cherry pick for the driver that will not have excessive claims. An example of a profitable insured might be a mature driver, carries full coverage, and does not commute to work. A driver who fits those characteristics receive the lowest rate quotes and most likely will save some money.

Potential customers who may not quite match the requirements must pay higher rates and ends up with the customer not purchasing. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. That’s why companies can truthfully advertise the way they do.

Because each company has a different risk profile, you absolutely need to get a wide range of price quotes. You cannot predict which company will have the lowest rate quotes.

Auto insurance coverages and their meanings

Having a good grasp of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive auto coverage – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, a broken windshield and hitting a bird. The maximum payout your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability – This will cover damage that occurs to people or other property. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

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 policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as emergency aid, structural damage, funeral expenses, medical services and legal defense fees. How much coverage you buy is your choice, but consider buying higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Ford Shelby GT500.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Collision – This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as damaging your car on a curb, crashing into a building, driving through your garage door and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical payments and PIP coverage – Med pay and PIP coverage provide coverage for short-term medical expenses for things like rehabilitation expenses, ambulance fees, funeral costs, prosthetic devices and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Save for a rainy day

We just showed you many tips how you can save on 2013 Ford Shelby GT500 insurance. The key concept to understand is the more companies you get car insurance rates for, the better your comparison will be. Consumers could even find that the lowest priced insurance comes from the smaller companies.

When searching for affordable insurance quotes, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. Your strategy should be to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.

People leave their current company for a variety of reasons including policy non-renewal, not issuing a premium refund, being labeled a high risk driver and even an unsatisfactory settlement offer. No matter why you want to switch, choosing a new company can be less work than you think.

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