2022 Ford GT Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 28, 2024

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Looking for cheaper car insurance rates for your Ford GT? I really doubt anyone looks forward to paying premiums for car insurance, especially knowing they could find lower prices if they just compared rates. Companies like GEICO, Progressive and Allstate promote their brand names with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and take the time to shop coverage around.

How much does auto insurance cost?

There are a variety of methods to shop for auto insurance, but one way is easier and takes less work. You can waste hours driving to local insurance agents in your area, or you can stay home and use online quoting to achieve your goal.

Many popular insurance companies take part in a program where insurance shoppers complete one form, and at least one company then gives them pricing determined by their information. This saves time by eliminating quotation requests to each individual auto insurance company.

To find out what other companies charge enter your zip code here.

The only drawback to comparing rates this way is buyers cannot specifically choose the companies you want to price. So if you want to choose specific providers for rate comparison, we have assembled a list of low cost auto insurance companies in your area. Click to enter zip code for insurance companies.

It’s up to you which method you use, but try to keep exactly the same information on every quote you get. If your comparisons have different data you can’t possibly make a fair rate comparison.

Don’t overlook these insurance coverage discounts

Not many people think insurance is cheap, but there’s a good chance there are discounts that could help you make your next renewal payment. Some discounts apply automatically at the time of purchase, but some need to be asked for before you will receive the discount.

  • Anti-theft System – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Good Students Pay Less – Being a good student can get you a discount of up to 25%. Most companies allow this discount up to age 25.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new vehicles are generally safer.
  • Low Miles Discount – Driving fewer miles can qualify you for substantially lower premium rates.
  • ABS Brakes – Cars that have anti-lock braking systems are much safer to drive and therefore earn up to a 10% discount.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance with the same company you may earn at least 10% off all policies.
  • Telematics Data – People who choose to allow their insurance coverage company to spy on driving manner by using a telematics device in their vehicle like Allstate’s Drivewise could save a few bucks as long as the data is positive.
  • College Student Discount – who attend college more than 100 miles from home and leave their car at home could qualify for this discount.

We need to note that most of the big mark downs will not be given to the whole policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

Larger insurance coverage companies and their possible discounts are:

  • 21st Century offers premium reductions for automatic seat belts, air bags, anti-lock brakes, 55 and older, student driver, and teen driver.
  • State Farm has savings for multiple policy, good driver, defensive driving training, driver’s education, multiple autos, safe vehicle, and student away at school.
  • AAA policyholders can earn discounts including AAA membership discount, good driver, pay-in-full, multi-policy, good student, and anti-theft.
  • Liberty Mutual offers discounts for safety features, new graduate, newly married, new vehicle discount, multi-car, and good student.
  • Progressive may offer discounts for homeowner, online signing, multi-policy, online quote discount, and good student.

When comparing rates, check with every prospective company which discounts can lower your rates. Some discounts listed above might not apply in your area. If you would like to choose from a list of companies who offer insurance coverage discounts, enter your zip code here.

Smart buyers save on insurance

Many different elements are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other criteria are not quite as obvious like where you live or how safe your car is.

  • Your job can affect premiums – Did you know that where you work can have an impact on rates? Jobs such as lawyers, police officers and stock brokers have higher rates than average in part from intense work requirements and lots of time spent at work. Conversely, jobs like farmers, students and the unemployed have the lowest average rates for GT insurance.
  • Don’t get traffic citations – Even a single chargeable violation can bump up the cost twenty percent or more. Attentive drivers receive lower rates than their less careful counterparts. Drivers who have dangerous tickets like DUI, reckless driving or excessive speeding may find that they have to to file a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
  • Discounts for married couples – Your spouse actually saves money when buying auto insurance. Having a significant other may mean you are more mature and responsible it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Annual mileage impacts prices – The more you drive your Ford annually the higher your rate. A lot of insurance companies rate vehicles based upon how you use the vehicle. Cars used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. An incorrectly rated GT may be wasting your money. It’s always a good idea to double check that your policy is showing the right rating data, because it can save money.
  • Too many claims will drive rates up – If you tend to file frequent claims, you should expect increased rates or even have your policy non-renewed. Companies award the lowest premiums to people who are not frequent claim filers. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.
  • Gaps in coverage mean higher prices – Allowing your auto insurance policy to lapse is a sure-fire way to pay more for auto insurance. Not only will you pay higher rates, the inability to provide proof of insurance could result in a hefty fine and possibly a revoked license.
  • Lower premiums with alarm systems – Choosing a vehicle that has an advanced theft prevention system can help lower your premiums. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft and help lower rates.

When to get professional advice

When buying the best car insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs may require specific advice.

  • Do I pay less for low miles?
  • Should I buy additional glass protection?
  • Is my teen driver covered when they drive my company car?
  • Should I buy only the required minimum liability coverage?
  • Am I getting all the discounts available?
  • Is my state a no-fault state?
  • Is pleasure use cheaper than using my 2022 Ford GT to commute?
  • Should I sign the liability waiver when renting a car?
  • Am I covered when using my vehicle for business?

If you’re not sure about those questions then you might want to talk to an agent. If you don’t have a local agent, take a second and enter your zip code. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage ads bend the truth

Consumers can’t ignore all the ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. All the ads say the same thing about savings just by switching your policy.

How does each company give you a better price? You have to listen carefully.

Many companies have a certain “appetite” for the driver that will not have excessive claims. An example of a desirable insured could possibly be over age 30, has no claims, and has great credit. A prospective insured that fits those parameters is entitled to the best price and will most likely save a lot of money.

Insureds who may not quite match the requirements may be required to pay a higher rate with the end result being business going elsewhere. The trick companies use is to say “customers that switch” not “everybody who quotes” save that much money. That is how companies can truthfully claim big savings. This really emphasizes why you absolutely need to compare free insurance quotes often. It’s just not possible to know the company that will have the lowest rates.

Specific coverage details

Having a good grasp of your auto insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from auto insurance companies.

Liability car insurance – This coverage protects you from damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like pain and suffering, emergency aid, court costs and medical services. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverages – This will pay to fix damage to your GT resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like sideswiping another vehicle, scraping a guard rail, driving through your garage door, damaging your car on a curb and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Ford GT.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense insurance – Med pay and PIP coverage kick in for expenses for things like hospital visits, ambulance fees and funeral costs. 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 as well as being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like falling objects, a broken windshield, hitting a bird, damage from flooding and hitting a deer. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage on a shoestring budget

In this article, we presented quite a bit of information on how to reduce 2022 Ford GT insurance prices online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding the cheapest insurance. Consumers may even find the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. These companies often have lower rates on specific markets compared to the large companies like GEICO and State Farm.

When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice liability coverage limits only to discover later they didn’t purchase enough coverage. The proper strategy is to purchase a proper amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

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