2007 Ford Shelby GT500 Insurance Quotes – 10 Tricks for Cheaper Rates

Searching for the cheapest insurance for a Ford Shelby GT500 can be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to find insurance online so we’re going to tell you the quickest way to price shop coverage for a new or used Ford and get the lowest price either online or from local insurance agents.

You should make it a habit to shop coverage around yearly due to the fact that insurance rates trend upward over time. Even if you got the lowest price on Shelby GT500 coverage a few years ago there is a good chance you can find better rates now. There is too much inaccurate information about insurance on the web, but with this article, you’re going to get some of the best ways to quit paying high insurance rates.

Insurance Prices Online

All the larger insurance companies allow you to get prices on the web. This process is quite easy as you just enter your required coverages as requested by the quote form. Once entered, their system sends out for your credit score and driving record and returns pricing information.

Being able to quote online streamlines rate comparisons, but the work required to visit multiple sites and fill out multiple forms can be a bit repetitive. But it’s absolutely necessary to have as many quotes as possible if you want to find the best price possible.

Rate comparisons made easy

The preferred way to lower your rates uses one simple form that obtains quotes from several companies at one time. It saves time, requires much less work on your part, and makes online shopping a lot less work. After sending your information, your coverage is rated with multiple companies and you can pick any or none of the quotes that you receive. If a lower price is quoted, it’s easy to complete the application and purchase coverage. The whole process can be completed in less than 10 minutes and could lower your rates considerably.

To save time and find out if lower rates are available, simply click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended you enter the coverage information just like they are on your policy. This makes sure you will be getting a fair comparison based on the exact same insurance coverage.

Take these ten discounts and save

Companies offering auto insurance do not list all their discounts in an easy-to-find place, so here is a list some of the best known and the more hidden discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Multiple Policy Discount – If you insure your home and vehicles with the same company you could get a discount of 10% to 20% off each policy.
  • Safety Course Discount – Completing a driver safety course could save 5% or more if you qualify.
  • Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less on Shelby GT500 coverage than drivers with accident claims.
  • Good Student – Performing well in school can earn a discount of 20% or more. This discount can apply up to age 25.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance policy may reduce the rate for each vehicle.
  • 55 and Retired – Mature drivers may be able to get better insurance rates on Shelby GT500 coverage.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.
  • Drive Less and Save – Fewer annual miles on your Ford can earn better rates on cars that stay parked.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.

Consumers should know that most discounts do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think it’s possible to get free car insurance, you won’t be that lucky.

To see a list of companies offering insurance discounts, follow this link.

Which policy gives me the best coverage?

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions might point out if your situation might need professional guidance.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What is covered by UM/UIM coverage?
  • Do I need replacement cost coverage?
  • What happens if I owe more than my 2007 Ford Shelby GT500 is worth?
  • Can I drive in Mexico and have coverage?
  • Do I need replacement cost coverage on my 2007 Ford Shelby GT500?
  • Why do I need rental car insurance?
  • Am I insured when driving a different vehicle?
  • Why am I required to buy liability insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can help protect your family.

The coverage is in the details

Knowing the specifics of a auto insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive coverage (or Other than Collision)

This pays to fix your vehicle from 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 insurance covers claims like rock chips in glass, a tree branch falling on your vehicle, hitting a deer, fire damage and a broken windshield. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance

This protects you from damage that occurs to people or other property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things like legal defense fees, structural damage and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for bills like prosthetic devices, chiropractic care and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Ford Shelby GT500.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto collision coverage

This will pay to fix damage to your Shelby GT500 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like driving through your garage door, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Don’t throw your cash in the trash

Insureds leave their current company for a variety of reasons including lack of trust in their agent, high rates after DUI convictions, delays in responding to claim requests and even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is not as difficult as it may seem.

While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice physical damage coverage to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find at an affordable rate while still protecting your assets.

Lower-priced 2007 Ford Shelby GT500 insurance is possible from both online companies as well as from independent agents, and you need to comparison shop both to have the best selection. There are still a few companies who don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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