Lower Your 2019 Ford Shelby GT500 Car Insurance Cost in 2024

Are you drained from scraping nickels together to keep your car insured? You have the same problem as the majority of other consumers. Consumers have so many auto insurance companies to insure vehicles with, and although it’s nice to have a choice, more choices can make it harder to find the best rates for your vehicles.

The purpose of this article is to instruct you on how to effectively get price quotes and some tricks to saving. If you currently have a car insurance policy, you will be able to cut costs considerably using these techniques. Consumers just need to know the most efficient way to get comparison rates over the internet.

Discounts can really help to save

Auto insurance is not an enjoyable expense, but companies offer discounts that many people don’t even know exist. Some discounts will apply at the time you complete a quote, but a few must be manually applied before being credited.

• Claim-Free Discount – Insureds who avoid accidents and claims can save substantially when compared to drivers with a long claim history.
• Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
• Early Renewal Discounts – Some auto insurance companies give discounts for switching policies before your current expiration date. It’s a savings of about 10%.
• Defensive Driver Discount – Taking part in a defensive driver course could save 5% or more and easily recoup the cost of the course.
• Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
• Discount for Life Insurance – If the company offers life insurance, you could get better prices if you take out life insurance.

A little disclaimer on discounts, most discount credits are not given to the entire cost. Most only reduce specific coverage prices like comp or med pay. So when the math indicates you would end up receiving a 100% discount, auto insurance companies aren’t that generous. Any qualifying discounts should definitely cut your auto insurance premiums.

Auto insurance companies who may offer these benefits include:

• Farm Bureau
• State Farm
• Progressive
• Allstate
• Nationwide
• MetLife

Before you buy a policy, ask every insurance company what discounts are available to you. Some of the discounts discussed earlier may not apply in your area. To see a list of insurance companies who offer auto insurance discounts, enter your zip code here.

Will just any policy work for me?

When it comes to buying proper insurance coverage, there isn’t really a single plan that fits everyone. Every situation is different so this has to be addressed. Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

• Is business equipment covered while in my vehicle?
• Am I insured when driving a different vehicle?
• Is my dog or cat covered if injured in an accident?
• Can I rate high risk drivers on liability-only vehicles?
• Which is better, split liability limits or combined limits?
• Will my insurance pay for OEM parts?
• Who is covered by my policy?
• Does my liability insurance cover pulling a trailer or camper?
• Do I need more liability coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, take a second and enter your zip code. It’s fast, free and you can get the answers you need.

Insurance coverage buyers beware

Consumers can’t get away from ads for cheaper insurance coverage by Progressive, GEICO, Allstate and State Farm. They all say the same thing that people will save after switching your coverage.

How is it possible that every company can charge less that you’re paying now? Just pay attention to how they say it.

Different companies quote their cheapest rates for the type of customer that will be a good risk. An example of a profitable customer may need to be between the ages of 40 and 55, has no tickets, and has a short commute. Anybody that fits those parameters gets the lowest car insurance rates and will most likely save when switching.

Insureds who fall short of the ideal profile will be quoted higher premium rates which translates to the driver buying from a lower-cost company. The ad wording is “people who switch” but not “everyone who gets a quote” will save that much if they switch. This is how insurance companies can make those statements.

Because every company is different, you absolutely need to compare many company’s car insurance rates. It’s just not possible to know which company will provide the lowest rates.

Car insurance 101

Knowing the specifics of auto insurance can be of help when determining the best coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages available from auto insurance companies.

Comprehensive protection

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, hitting a deer, a broken windshield, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

This coverage pays for damage to your Shelby GT500 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like rolling your car, sustaining damage from a pot hole, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for immediate expenses like rehabilitation expenses, EMT expenses, hospital visits, chiropractic care and X-ray expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. They cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Shelby GT500.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits are identical to your policy’s liability coverage.

Liability

This provides protection from damages or injuries you inflict on people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as loss of income, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Affordable insurance is out there

When trying to cut insurance costs, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced physical damage coverage only to regret at claim time that it was a big error on their part. Your goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

Cheaper auto insurance is available on the web in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. A few companies may not provide online quoting and most of the time these smaller companies prefer to sell through independent agencies.

We just showed you a lot of ways to shop for 2019 Ford Shelby GT500 insurance online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even find the lowest car insurance rates are with a small local company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.