2010 Ford Shelby GT500 Insurance Cost in 2024

Having to pay for high-priced insurance coverage can dry up your monthly budget and possibly require you to analyze your spending habits. Many insurance companies compete for your business, so it can be very hard to choose a company to discover the definitive lowest rate

You should make it a habit to take a look at other company’s rates once or twice a year because insurance coverage prices tend to go up over time. Despite the fact that you may have had the lowest price for Shelby GT500 coverage a few years ago there is a good chance you can find better rates now. Ignore everything you know about insurance coverage because we’re going to demonstrate how to use the internet to get good coverage at a lower rate.

If you have a policy now or need new coverage, you can follow these tips to reduce the price you pay while maintaining coverages. Buying car insurance is not rocket science. Vehicle owners only need an understanding of the most efficient way to compare price quotes on the web.

Auto insurance quotes comparison

Getting a cheaper price on 2010 Ford Shelby GT500 insurance is a great way to save money. You just need to take a few minutes comparing rate quotes from some recommended companies. Price comparisons can be done using one of these methods.

1. The single most time-saving way to find low rates would be an industry-wide quote request form. This form saves time by eliminating repetitive form entry for each company. Taking the time to complete one form compares rates from multiple low-cost companies.
2. A slightly less efficient method to find lower rates is spending the time to visit the website for each individual company and repeat the quote process. For instance, we’ll assume you want rates from GEICO, Farmers and Allstate. To do that, you would have to spend time going to each site individually and enter your policy data, which is not fast way to get rate quotes.

You can use whichever method you prefer to find lower rates, just double check that you are using the same coverages and limits on every price quote you get. If you compare differing limits it will be next to impossible to find the best deal for your Ford Shelby GT500.

Are you receiving every discount?

Companies offering auto insurance don’t always publicize all their discounts very well, so below is a list both well-publicized and also the lesser-known discounts that you can inquire about if you buy car insurance online. If you do not check that you are getting every discount you qualify for, you could be saving more on your auto insurance.

• Student Driver Training – Cut your cost by having your teen driver complete a driver education course in school or through a local driver safety program.
• Good Drivers – Accident-free drivers can pay as much as 50% less for Shelby GT500 coverage compared to accident prone drivers.
• ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
• Claim Free – Insureds with no claims or accidents have much lower rates when compared to frequent claim filers.
• College Student – College-age children who are enrolled in a college that is more than 100 miles from home and do not take a car to college could qualify for this discount.
• Discount for Passive Restraints – Vehicles with factory air bags may get savings of 25 to 30%.
• Seat Belts Save – Drivers who require all vehicle occupants to fasten their seat belts can save a little on medical payment and PIP coverage.
• Discount for Home Ownership – Being a homeowner can save you money due to the fact that maintaining a home requires a higher level of personal finance.
• First Accident Forgiveness – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm may permit one accident without getting socked with a rate hike as long as you don’t have any claims prior to the accident.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most only cut individual premiums such as liability and collision coverage. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

A few popular companies and the discounts they provide include:

• GEICO offers discounts for membership and employees, air bags, seat belt use, federal employee, multi-policy, and emergency military deployment.
• Auto-Owners Insurance has discounts for company car, paid in full, group or association, paperless, and anti-lock brakes.
• American Family policyholders can earn discounts including air bags, early bird, defensive driver, multi-vehicle, and accident-free.
• Esurance discounts include Pac-12 alumni, emergency road assistance, good student, paid-in-full, anti-lock brakes, safety device, and online shopper.
• Progressive may include discounts for multi-policy, multi-vehicle, online signing, continuous coverage, homeowner, and good student.
• State Farm includes discounts for good student, accident-free, student away at school, Steer Clear safe driver discount, multiple policy, defensive driving training, and multiple autos.
• AAA may offer discounts for good student, education and occupation, pay-in-full, multi-policy, and AAA membership discount.

Before you buy a policy, ask all the companies how many discounts you can get. Depending on the company, some discounts might not be offered on policies in your area. If you would like to view providers who offer discounts, enter your zip code here.

When in doubt talk to an agent

When choosing adequate coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.

• Does my policy cover my teen driver if they drive my company car?
• Is pleasure use cheaper than using my 2010 Ford Shelby GT500 to commute?
• Can I afford low physical damage deductibles?
• Is a blown tire covered by insurance?
• What is the difference between comprehensive and collision coverage?
• Why am I required to buy liability insurance?
• Are there companies who specialize in insuring high-risk drivers?
• Do I have coverage when making deliveries for my home business?
• How do I file an SR-22 for a DUI in my state?
• When would I need additional glass coverage?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and enter your zip code. It’s fast, free and can provide invaluable advice.

The Ford Shelby GT500 insurance price equation

Lots of factors are part of the calculation when quoting car insurance. Some of the criteria are obvious such as your driving record, but other criteria are not as apparent such as your credit history or your commute time.

• Older drivers save more – Teen drivers are statistically shown to be easily distracted when behind the wheel so insurance coverage rates are higher. Having to add a teen driver onto a policy can increase premiums substantially. Older drivers are more responsible, file fewer claims , and are generally more financially stable.
• Save annual miles and save money – The more you drive in a year’s time the more you will pay for insurance coverage. A lot of insurance companies calculate rates based upon how you use the vehicle. Cars and trucks that have low annual miles qualify for better rates than vehicles that are driven to work every day. Double check that your vehicle rating is rated on the correct usage. A policy that improperly rates your Shelby GT500 may be wasting your money.
• Responsible credit equals lower prices – Having a good credit score is a big factor in determining what you pay for insurance coverage. So if your credit history can use some improvement, you could pay less to insure your 2010 Ford Shelby GT500 if you clean up your credit. People with very high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit ratings.
• Vocation can influence insurance coverage rates – Did you know your occupation can influence how much you pay for insurance coverage? Occupations like military generals, airline pilots and miners tend to pay higher premium rates due to intense work requirements and extremely grueling work hours. Conversely, careers such as scientists, students and retirees generally pay rates lower than average for Shelby GT500 coverage.
• Get better costs after the wedding – Having a spouse helps lower the price on your insurance coverage policy. It demonstrates that you tend to be less irresponsible and statistics show married drivers tend to have fewer serious accidents.
• Safety first – Vehicles that have high safety ratings can get you lower premiums. Safe vehicles reduce the chance of injuries and reduced instances of injuries means less claims paid and cheaper rates on your policy.
• Cars with good safety ratings that lower prices – Choosing a vehicle with advanced anti-theft systems can help lower your premiums. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.

Car insurance ads bend the truth

Drivers can’t avoid all the ads that claim the best auto insurance rates by companies like Allstate and Progressive. All the companies convey the message that people will save just by moving your coverage to them.

That’s great but how can every company save you money? Here is how they do it.

Car insurance companies have specific characteristics for the right customer that will be a good risk. A good example of this type of insured should be a female over age 40, has a clear driving record, and has a high credit rating. Any driver who matches those parameters will most likely get cheap rates and therefore will cut their rates substantially.

Consumers who are not a match for this stringent profile will see a higher premium and this results in business not being written. Company advertisements say “customers that switch” not “everyone that quotes” save money. That’s why companies can make the claims of big savings. Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. You cannot predict with any certainty which company will have the best prices for your profile.

Auto insurance coverages explained

Learning about specific coverages of your auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average auto insurance policy.

Medical expense coverage

Med pay and PIP coverage reimburse you for expenses for funeral costs, surgery, chiropractic care and hospital visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive protection

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like theft, damage from a tornado or hurricane, a broken windshield and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage covers damage to your Shelby GT500 caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, rolling your car, damaging your car on a curb, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Ford Shelby GT500.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Auto liability insurance

This can cover damage or injury you incur to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage pays for things such as medical services, legal defense fees and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

In any little way, save everyday

As you shop your coverage around, you should never buy poor coverage just to save money. In too many instances, an accident victim reduced full coverage to discover at claim time they didn’t have enough coverage. Your goal should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

You just read quite a bit of information on how to get a better price on 2010 Ford Shelby GT500 insurance. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may discover the lowest premium rates are with an unexpected company. Regional companies may only write in your state and offer lower prices compared to the large companies like Progressive or GEICO.