2018 Ford Shelby GT350 Car Insurance Rates – 9 Ways to Save

Trying to find cheaper insurance rates for your Ford Shelby GT350? Finding a different company that has affordable insurance coverage probably sounds like a formidable task if you are a beginner to quoting online. Don’t let the process intimidate you because online price shopping is actually quite simple.

It is always a good idea to check insurance prices on a regular basis because insurance prices are constantly changing. Despite the fact that you may have had the best quotes for Shelby GT350 insurance a couple years back you will most likely find a better rate today. Ignore everything you know about insurance because you’re going to get a crash course in one of the best ways to find better rates and still maintain coverage.

Buying car insurance is quite easy. In a nutshell, everyone who shops for car insurance stands a good chance to be able to save money. Nevertheless, car owners can benefit by having an understanding of the methods companies use to compete online.

Do you qualify for discount auto insurance?

Auto insurance can be pricey, but you may find discounts that you may not know about. Some discounts apply automatically when you purchase, but lesser-known reductions have to be inquired about before being credited.

  • Homeowners Savings – Owning a home can help you save on auto insurance because owning a home shows financial diligence.
  • Multiple Policy Discount – When you have multiple policies and insure them both with the same insurance company they may give you a discount of approximately 10% to 15%.
  • ABS Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions and qualify for as much as a 10% discount.
  • Discounts for Federal Employees – Active or former government employment may reduce rates when you quote insurance coverage for Shelby GT350 insurance depending on your auto insurance provider.
  • Distant Student – Youth drivers who live away from home to go to college and do not take a car to college may qualify for this discount.
  • Telematics Devices – Insureds who allow their company to track when and where they use their vehicle by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they exhibit good driving behavior.
  • Accident Forgiveness – Not really a discount, but some insurance companies will allow you to have one accident without the usual rate increase so long as you haven’t had any claims for a set time period.
  • Safety Course Discount – Taking part in a course in defensive driver could save 5% or more if you qualify.
  • Multiple Vehicles – Buying a policy with multiple vehicles on one policy can get a discount for every vehicle.

A little disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Companies that may have these benefits are:

If you are trying to find low cost insurance coverage quotes, ask every company to apply every possible discount. Some of the earlier mentioned discounts might not apply in your state.

What insurance coverages do I need?

When buying adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether you could use an agent’s help.

  • Is my dog or cat covered if injured in an accident?
  • Is pleasure use cheaper than using my 2018 Ford Shelby GT350 to commute?
  • Does liability extend to a camper or trailer?
  • When can my company non-renew my policy?
  • Should I have a commercial auto policy?
  • Do I need added coverage for expensive stereo equipment?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I really need UM/UIM coverage?

If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.

Ads can be misleading

Well-known insurance companies like Allstate and Progressive constantly bombard you with ads in print and on television. All the companies tend to make the same promise that drivers can save some big amount just by switching to their company. How do they all claim to save you money? This is the trick they use.

Insurance companies can use profiling for a prospective insured that earns them a profit. For example, a preferred risk may be over the age of 35, has no claims, and the vehicle is rated for pleasure use. A propective insured who matches that profile is entitled to the best price and most likely will save when they switch companies.

Insureds who cannot meet those standards will be charged higher premiums and this results in the customer not buying. The ads state “customers who switch” not “everyone who quotes” save that much when switching. That’s the way companies can advertise the savings. Because of this risk profiling, you absolutely need to do a price quote comparison at every renewal. It’s impossible to know the company that will provide the lowest prices.

Auto insurance coverage breakdown

Knowing the specifics of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Ford Shelby GT350.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like a broken windshield, hitting a bird, damage from getting keyed, hail damage and hitting a deer. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability – Liability coverage provides protection from damage or injury you incur to people or other property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like attorney fees, medical expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for funeral costs, nursing services, pain medications and surgery. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Collision coverage – This coverage covers damage to your Shelby GT350 resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as driving through your garage door, colliding with another moving vehicle, colliding with a tree and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Have the Midas touch

As you prepare to switch companies, it’s a bad idea to reduce coverage to reduce premium. There are many occasions where an insured cut liability coverage limits and learned later that the savings was not a smart move. The ultimate goal is to buy enough coverage at the best price while not skimping on critical coverages.

Insureds switch companies for a variety of reasons including denial of a claim, policy non-renewal, lack of trust in their agent or even poor customer service. Regardless of your reason for switching companies, finding a new company can be pretty painless.

We just showed you a lot of tips how to save on 2018 Ford Shelby GT350 insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from some of the lesser-known companies.

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