2015 Ford Shelby GT500 Insurance Rates in 2024 – 7 Policy Discounts

Trying to find lower insurance coverage rates for your Ford Shelby GT500? Are you regretting buying an overpriced insurance coverage policy? Trust us, many drivers feel the same as you. With vehicle owners having so many insurance companies to choose from, it can be difficult for drivers to choose a lower cost insurer.

Consumers should take time to compare rates yearly because insurance coverage prices change quite often. If you had the best deal for Shelby GT500 insurance on your last policy you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because it’s time to teach you one of the quickest ways to save on insurance coverage.

The most recommended method to compare car insurance company rates is to know the fact car insurance companies actually pay money for the chance to provide you with a free rate quote. To begin a comparison, all you need to do is provide a small amount of information like how much school you completed, if the vehicle is leased, driver details, and whether you drive to work or school. The data is instantly provided to many of the top insurers and they return rate quotes very quickly.

To check rates for your Ford Shelby GT500 now, click here and enter your coverage details.

Find hidden discounts on car insurance

Companies don’t necessarily list the entire discount list in an easy-to-find place, so the list below gives a summary of a few of the more well known and the more hidden discounts that may be available. If you do not check that you are getting every discount available, you could be getting lower rates.

• Life Insurance – Some insurance companies give a break if you buy auto and life insurance together.
• Drive Less and Save – Low annual miles can earn substantially lower car insurance rates.
• Organization Discounts – Affiliation with specific professional or occupational memberships or organizations is a simple method to lower premiums on your next renewal.
• Sign Early and Save – A few insurance companies allow discounts for switching to them prior to your current policy expiring. Ten percent is about the average savings.
• More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
• New Car Discount – Putting insurance coverage on a new car can get you a discount because new model year vehicles have to meet stringent safety requirements.
• Payment Method – If you pay your bill all at once rather than spreading payments over time you may have a lower total premium amount.

Remember that most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like you could get a free car insurance policy, nobody gets a free ride.

Larger car insurance companies and a selection of discounts can be read below.

• American Family may include discounts for good student, defensive driver, accident-free, early bird, Steer into Savings, and air bags.
• Farm Bureau offers premium reductions for renewal discount, good student, safe driver, youthful driver, multi-vehicle, and driver training.
• State Farm has savings for safe vehicle, multiple autos, multiple policy, good student, Steer Clear safe driver discount, defensive driving training, and driver’s education.
• Travelers offers discounts for home ownership, student away at school, driver training, multi-policy, early quote, save driver, and new car.
• The Hartford has discounts for good student, air bag, anti-theft, driver training, bundle, and defensive driver.
• GEICO includes discounts for federal employee, anti-lock brakes, good student, daytime running lights, five-year accident-free, and emergency military deployment.
• Progressive may offer discounts for multi-policy, multi-vehicle, good student, homeowner, and continuous coverage.

When comparing rates, check with every company the best way to save money. Some of the discounts discussed earlier may not apply to policies in your area.

Tailor your car insurance coverage to you

When it comes to buying coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that could help you determine whether or not you would benefit from professional advice.

• When can my company non-renew my policy?
• Are my friends covered when driving my car?
• Is my vehicle covered by my employer’s policy when using it for work?
• What is roadside assistance coverage?
• Am I getting all the discounts available?
• What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and enter your zip code. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your policy

Having a good grasp of your auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types offered by auto insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like chiropractic care, pain medications, prosthetic devices, rehabilitation expenses and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hail damage, a broken windshield and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision – Collision insurance pays for damage to your Shelby GT500 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like crashing into a building, driving through your garage door, rolling your car and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Liability auto insurance – Liability coverage protects you from injuries or damage you cause to a person or their property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like repair costs for stationary objects, pain and suffering, attorney fees and emergency aid. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2015 Ford Shelby GT500.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently these limits are similar to your liability insurance amounts.