Save on 2016 Ford Shelby GT350 Car Insurance Quotes

Think you have high-priced insurance coverage? It’s quite common and you are not the only one feeling buyer’s remorse.

Insurance companies such as Allstate, Progressive and Geico continually hit you with TV and radio ads and it is difficult to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Buying car insurance is quite easy. But consumers must know how big insurance companies compete online because it can help you find the best coverage.

Affordable insurance coverage quotes with discounts

Not many people think insurance is cheap, but you can get discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you purchase, but occassionally some discounts must be asked for before you get the savings.

  • Accident Waiver – This one isn’t a discount, but companies like Geico, Progressive, and Allstate may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free prior to being involved in the accident.
  • Driver’s Ed – Have your child enroll and complete driver’s education if offered at their school.
  • Savings for New Vehicles – Buying a new car instead of a used car can save up to 30% because new vehicles keep occupants safer.
  • Own a Home and Save – Owning a home may trigger a policy discount on insurance coverage because owning a home is proof of financial responsibility.
  • Bundled Policy Discount – If you combine your auto and homeowners policies and place coverage with the same company you could get a discount of approximately 10% to 15%.
  • No Claims – Insureds with no claims or accidents have much lower rates when compared to drivers with a long claim history.
  • Employee of Federal Government – Active or former government employment can save as much as 8% on Shelby GT350 coverage depending on your insurance coverage provider.
  • Discounts for Multiple Vehicles – Having all your vehicles on one policy can reduce rates for all insured vehicles.

As a sidenote, most of the big mark downs will not be given to all coverage premiums. The majority will only reduce individual premiums such as comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, companies don’t profit that way.

To view companies with discount rates, click here.

How to buy insurance coverage

There are a lot of ways to compare insurance coverage prices but there is one way that is less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with agents in your area, or you can stay home and use online quotes to get pricing more quickly.

Many insurance companies participate in a marketplace that enables customers to send in one quote, and each participating company can give them a price based on that information. This system prevents you from having to do repetitive form submissions for each company you want a rate for.

To enter your information into the quoting system, click here to open in new window.

The one downside to comparing rates this way is buyers cannot specifically choose which providers to get quotes from. So if you want to choose individual companies to receive pricing from, we have a page of low cost insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make darn sure you compare equivalent coverage information for each price quote. If you use different data then you won’t be able to make an equal comparison. Quoting even small variations in insurance coverages can result in a big premium difference. And when price shopping your coverage, comparing a large number of companies helps increase your odds of locating more affordable insurance.

Ford Shelby GT350 insurance rates can be reduced

An important part of buying insurance is that you know the rating factors that aid in calculating the level of your policy premiums. If you understand what controls the rates you pay, this enables you to make decisions that could help you find better insurance rates. Lots of things are used when you get a price on insurance. Some are obvious like an MVR report, but some are more obscure like your vehicle usage or how financially stable you are.

Listed below are some of the most rate-impacting factors companies use to determine your rates.

  • Reserve claims for larger damages – Insurance companies provide better rates to people that do not abuse their auto insurance. If you frequently file small claims, you can expect either higher rates or even cancellation. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • Fewer miles means better rates – Driving a lot of miles in a year’s time the more you will pay for insurance. Many insurance companies calculate prices based on how the vehicle is used. Cars and trucks used primarily for pleasure use get more affordable rates than cars that get driven a lot. It’s a smart idea to ensure your declarations sheet states how each vehicle is driven. Having the wrong rating on your Shelby GT350 may be costing you higher rates.
  • Your address can influence rates – Choosing to live in a small town is a good thing when talking about insurance. Drivers who live in large cities have to deal with traffic congestion and much longer commute distances. Fewer drivers and short commutes means less chance of accidents and also fewer theft and vandalism claims.
  • Never let your insurance expire – Allowing your coverage to lapse is a sure-fire way to increase your insurance rates. And not only will your rates increase, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license. You may need to file a SR-22 with your state motor vehicle department.
  • Gender as a rate factor – Over the last 30 years, statistics show that women are safer drivers than men. It does not mean men are WORSE drivers than women. Both genders are responsible for at-fault accidents in similar numbers, but men cause more damage. Not only are claims higher, but men get more serious tickets like DUI and reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.
  • Do thieves like your car? – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.
  • Extra policy coverages can cost a lot – There are many extra add-on coverages that you can buy if you aren’t careful. Coverage for things like personal injury protection, towing coverage, and extra life insurance coverage are some examples. They may sound like good ideas initially, but if you don’t need them remove them from your policy.

Tailor your car insurance coverage to you

When it comes to choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might help in determining if you would benefit from professional advice.

  • Should I drop comprehensive coverage on older vehicles?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered by my spouse’s policy after a separation?
  • What is roadside assistance coverage?
  • Is my cargo covered for damage or theft?
  • Can I afford to buy a different vehicle if my 2016 Ford Shelby GT350 is totaled?
  • Which is better, split liability limits or combined limits?
  • Is my teenager covered with friends in the car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I need rental car coverage?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverages and their meanings

Learning about specific coverages of auto insurance can help you determine the best coverages for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by auto insurance companies.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your 2016 Ford Shelby GT350.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses for surgery, chiropractic care, nursing services, dental work and ambulance fees. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This pays for damage to your Shelby GT350 resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with a tree, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Liability

This coverage protects you from damages or injuries you inflict on other’s property or people. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: 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 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 coverage pays for things such as attorney fees, medical services, funeral expenses, structural damage and repair bills for other people’s vehicles. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision)

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as theft, hitting a bird, damage from flooding and falling objects. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Compare but don’t skimp

We covered a lot of information how to shop for 2016 Ford Shelby GT350 insurance online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a lesser-known regional company. Regional companies often have lower prices on specific markets compared to the large companies like State Farm and Allstate.

Budget-friendly insurance coverage is attainable on the web in addition to local insurance agencies, and you should compare rates from both to have the best rate selection. Some companies don’t offer internet price quotes and usually these regional carriers work with independent insurance agencies.

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