2015 Ford Shelby GT350 Insurance Cost – 10 Tips for Cheaper Prices

Want better car insurance rates for your Ford Shelby GT350? Trying to come up with a payment for expensive car insurance can sap your personal savings and force you to cut corners elsewhere. Lots of auto insurance companies contend for your business, and it can be difficult to compare rates to discover the definitive best rate

It’s a good idea to compare premium rates before your policy renews because prices change quite often. Just because you found the best rates on Shelby GT350 insurance on your last policy there is a good chance you can find better rate quotes now. Block out anything you think you know about car insurance because you’re about to learn how to use the internet to properly buy coverages while reducing your premium.

If you are insured now or need a new policy, you can use these tips to find better prices while maximizing coverage. Buying car insurance is easy if you know what you’re doing. Vehicle owners just need to understand the proper way to get comparison rates online.

Which auto insurance is cheapest?

Effectively comparing auto insurance prices can be exhausting if you don’t know the best way to get rate quotes. You can spend your afternoon talking to insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Most major companies participate in a marketplace where prospective buyers submit one quote, and at least one company provides a quote determined by their information. This system prevents you from having to do quotation requests for each company.

To enter your information into the quoting system, click here (opens in new window).

The single downside to pricing coverage this way is that consumers can’t choose which companies to receive prices from. So if you prefer to pick from a list of companies to compare rates, we have a page of auto insurance companies in your area. Click here to view list.

It doesn’t matter which method you choose, just be sure you’re using equivalent quote information for each price quote. If you compare differing limits it will be very difficult to get a fair rate comparison.

Save money with these ten discounts

Some providers don’t always advertise every disount available in an easy-to-find place, so the following is a list of both the well known in addition to some of the lesser obvious credits available to bring down your rates.

  • Homeowners Discount – Just being a homeowner can help you save on auto insurance because it is proof of financial responsibility.
  • College Student – Any of your kids who live away from home at college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Discounts for Government Workers – Being employed by or retired from a federal job can save as much as 8% on Shelby GT350 insurance with a few auto insurance companies.
  • New Car Discount – Buying insurance on a new vehicle can cost up to 25% less due to better safety requirements for newer models.
  • Discounts for Good Drivers – Drivers without accidents could pay up to 40% less on Shelby GT350 insurance than drivers with accident claims.
  • Defensive Driver Discount – Taking part in a class that teaches defensive driving techniques could save 5% or more depending on where you live.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Multi-car Discount – Purchasing coverage when you have primary and secondary vehicles on the same auto insurance policy can reduce rates for all insured vehicles.
  • Senior Citizen Rates – If you’re over the age of 55, you may be able to get a discount up to 10% on Shelby GT350 insurance.
  • Discount for Life Insurance – Select companies reward you with a discount if you purchase a life insurance policy as well.

Consumers should know that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, it’s just not the way it works.

To see a list of providers with significant discounts, follow this link.

Car insurance can be complex

When it comes to choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions could help you determine if your insurance needs might need professional guidance.

  • What is high-risk coverage and where do I buy it?
  • Does my 2015 Ford Shelby GT350 need full coverage?
  • What is an SR-22 filing?
  • Is a fancy paint job covered?
  • Are split liability limits better than a combined single limit?
  • Do I need higher collision deductibles?
  • Do I have coverage when pulling a U-Haul trailer?
  • How much can I save by bundling my policies?
  • I have a DUI can I still get coverage?
  • Does having multiple vehicles earn me a discount?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

What insurance coverages do you need?

Understanding the coverages of insurance can help you determine appropriate coverage for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are typical coverages found on most insurance policies.

Collision coverage protection

This coverage will pay to fix damage to your Shelby GT350 from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Ford Shelby GT350.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently these limits are similar to your liability insurance amounts.

Liability insurance

Liability insurance can cover damages or injuries you inflict on a person or their property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as bail bonds, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as surgery, hospital visits, rehabilitation expenses, X-ray expenses and doctor visits. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hitting a deer, a broken windshield, hail damage and theft. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage on a shoestring budget

As you go through the steps to switch your coverage, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret that it was a big error on their part. Your goal is to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

The cheapest 2015 Ford Shelby GT350 insurance can be sourced online as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who may not provide price quotes online and these small insurance companies provide coverage only through independent insurance agencies.

More tips and info about car insurance is available by following these links: