Cheaper 2005 Ford GT Insurance Rates

Looking for better insurance rates for your Ford GT? Scraping up a payment for overpriced Ford GT insurance can drain your bank account and force you to make sacrifices. Doing a price comparison is a smart way to help make ends meet. Because there are so many options, it’s difficult to pick the most cost effective car insurance company.

Finding the best protection can be fairly easy. If you have insurance now or are just looking to switch companies, you can use these techniques to get lower rates while maintaining coverages. Drivers only need an understanding of the most efficient way to compare prices on the web.

Compare Auto Insurance Costs

Most major insurance companies such as Progressive, Geico, Allstate and State Farm quote coverage price quotes on the web. Getting online rates doesn’t take much effort as you simply type in the coverages you want as requested by the quote form. Once entered, the system collects credit information and your driving record and returns a price quote based on these and other factors. Online quotes makes it a lot easier to compare rates but having to visit multiple sites and enter the same data into a form is repetitive and time-consuming. Unfortunately, it is important to compare as many rates as possible if you want to find the best price possible.

The easy way to compare rates

A less time-consuming method to locate the lowest prices uses one simple form to obtain quotes from several companies at one time. It’s a real time-saver, eliminates form submissions, and makes online price comparison much simpler. Immediately after you send the form, it is rated with multiple companies and you can pick any or none of the pricing results.

If you find a better price you simply finish the application and purchase coverage. The whole process can be completed in a matter of minutes and you will find out if you’re overpaying now.

To quickly compare rates now, simply click here to open in new window and enter your information. If you currently have coverage, we recommend you copy the limits and deductibles just like they are on your policy. This way, you will have rate comparison quotes for similar insurance coverage.

Ford GT premiums are determined by many factors

An important part of buying insurance is that you know the factors that play a part in calculating the price you pay for insurance. Understanding what determines base rates enables informed choices that could result in much lower annual insurance costs.

  • Allowing your policy to lapse raises rates – Having an insurance coverage lapse is a sure-fire way to increase your insurance rates. And not only will your rates increase, getting caught without coverage might get you a license revocation or jail time.
  • Better credit scores mean better rates – A driver’s credit history is a large factor in calculating your insurance rates. So if your credit is not that good, you could be paying less to insure your 2005 Ford GT by improving your credit score. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Safer occupants lowers premiums – Safer cars can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and lower rates for you. If the Ford GT scored better than four stars on Safercar.gov it may be receiving lower rates.
  • Mature drivers pay less – More mature drivers tend to be more responsible, statistically cause fewer accidents and receive fewer citations. Teenage drivers are statistically proven to get distracted easily when driving therefore insurance rates are much higher.
  • Lower rates with optional equipment – Driving a car with an alarm system can get you a discount on your insurance. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • What are your deductibles? – Physical damage insurance, also known as collision and other-than-collision, protects your Ford from damage. Some instances where coverage would apply could be running into the backend of another car, damage from fire, and rolling your vehicle. Your deductibles are the amount of money you are required to spend before a claim is paid by your company. The more money you are required to pay out-of-pocket, the lower your rates will be for GT coverage.

Are you getting all your discounts?

Insurance can be prohibitively expensive, but there are discounts available to reduce the price significantly. Some trigger automatically at quote time, but some must be requested specifically prior to receiving the credit. If they aren’t giving you every credit possible, you are throwing money away.

  • Paperwork-free – A few companies may give you up to $50 for buying your policy online.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Homeowners Discount – Owning a home may earn you a small savings because owning a home demonstrates responsibility.
  • New Car Discount – Insuring a new car can save up to 30% due to better safety requirements for new cars.
  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts can qualify for discounts up to 30%.
  • Low Mileage Discounts – Keeping the miles down on your Ford could be rewarded with better rates on cars that stay parked.
  • Federal Employees – Being employed by or retired from a federal job may qualify you for a discount for GT coverage with a few insurance companies.
  • Multiple Vehicles – Insuring multiple vehicles on one policy qualifies for this discount.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.

It’s important to note that many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like comprehensive or collision. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. But any discount will bring down the amount you have to pay.

For a list of companies with the best insurance discounts, follow this link.

Tailor your coverage to you

When buying the best auto insurance coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • Do I have newly-aquired coverage?
  • How much liability coverage do I need in my state?
  • Will I lose any money if I cancel my policy before it expires?
  • Is there coverage for injuries to my pets?
  • Should I rate my 2005 Ford GT as pleasure use or commute?
  • Will filing a claim cost me more?
  • Can I get a multi-policy discount?
  • Do I have coverage if my license is suspended?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Insurance coverages and their meanings

Understanding the coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, vandalism, theft and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for bills for things like doctor visits, prosthetic devices, pain medications and chiropractic care. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Ford GT.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are set the same as your liablity limits.

Auto collision coverage

This will pay to fix damage to your GT resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as driving through your garage door, hitting a parking meter, colliding with a tree and backing into a parked car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Coverage for liability

This can cover damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like legal defense fees, repair costs for stationary objects, bail bonds and loss of income. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Final thoughts

Discount 2005 Ford GT insurance is available from both online companies in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice full coverage only to find out that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at an affordable rate.

We covered a lot of techniques to get a better price on insurance. The most important thing to understand is the more you quote, the higher the chance of saving money. Drivers may discover the biggest savings come from an unexpected company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like Geico and State Farm.

Additional insurance coverage information can be found at the links below