How Much Does 2016 Ford Shelby GT350 Insurance Cost?

Searching for the cheapest insurance for a Ford Shelby GT350 can be an all-consuming task, but you can use our car insurance buying tips to save time.

There is a better way to buy car insurance so we’re going to tell you the absolute fastest way to price shop coverage for your Ford and get the cheapest rates from local insurance agents and online providers.

Consumers should take time to get comparison quotes quite often because prices are usually higher with each renewal. Just because you found the best rate on Shelby GT350 coverage a year ago you will most likely find a better premium rate today. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the best way to find great coverage at a great price.

The best way to get rate comparisons is to know the fact most larger insurance companies provide online access to provide you with a free rate quote. All consumers are required to do is provide a small amount of information including how many miles driven, whether you are married, your occupation, and whether or not you need a SR-22. Your insurance information is then sent to many highly-rated insurers and you receive quotes with very little delay.

Tailor your auto insurance coverage to you

When choosing adequate coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

• Do I need replacement cost coverage on my 2016 Ford Shelby GT350?
• Why does it cost so much to insure a teen driver?
• How does medical payments coverage work?
• Should I buy additional glass protection?
• When does my teenage driver need to be added to my policy?
• Is my vehicle covered by my employer’s policy when using it for work?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverages explained

Learning about specific coverages of insurance aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance – Liability coverage will cover injuries or damage you cause to people or other property. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like repair bills for other people’s vehicles, repair costs for stationary objects, bail bonds, court costs and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Shelby GT350.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for rehabilitation expenses, pain medications, ambulance fees and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision – Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like scraping a guard rail, backing into a parked car, sideswiping another vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive auto coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a bird and theft. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.