Save on 2015 Ford Shelby GT350 Insurance Quotes

Are you regretting buying high-priced insurance coverage? Believe me when I say you’re not alone. Drivers have multiple insurers to purchase coverage from, and although it’s a good thing to be able to choose, it can be more challenging to locate the cheapest rates.

Buying affordable protection is easy if you know what you’re doing. If you have insurance now or are just looking to switch companies, you can use these tips to cut your premiums while maintaining coverages. Vehicle owners only need to know the most efficient way to compare company rates on the web.

More discounts mean affordable premiums

Auto insurance companies don’t always list every policy discount very clearly, so the following list contains both the well known in addition to some of the lesser obvious insurance savings. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

  • Onboard Data Collection – Insureds that choose to allow data collection to spy on when and where they use their vehicle by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they exhibit good driving behavior.
  • Federal Employees – Being employed by or retired from a federal job may reduce rates when you quote insurance on Shelby GT350 coverage with a few insurance companies.
  • Save with More Vehicles Insured – Buying insurance for multiple cars or trucks with one company qualifies for this discount.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to use a seat belt could cut 10% or more off the PIP or medical payment premium.
  • Low Mileage Discounts – Low annual miles may allow you to get better rates on cars that stay parked.
  • Multi-policy Discount – If you combine your home and auto policies with the same insurance company you could save 10% to 20% off each policy.
  • New Vehicle Savings – Buying a new car model can cost up to 25% less since new vehicles are generally safer.

A little note about advertised discounts, most discounts do not apply to the entire cost. Some only apply to the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like you would end up receiving a 100% discount, insurance companies aren’t that generous. But any discount will definitely lower the amount you pay for coverage.

Popular insurance companies and some of their more popular discounts are included below.

  • American Family policyholders can earn discounts including good student, mySafetyValet, multi-vehicle, Steer into Savings, early bird, good driver, and accident-free.
  • Nationwide offers discounts for accident-free, Farm Bureau membership, business or organization, good student, anti-theft, and defensive driving.
  • MetLife has discounts for multi-policy, claim-free, good driver, defensive driver, good student, accident-free
  • 21st Century may include discounts for student driver, theft prevention, 55 and older, anti-lock brakes, good student, and teen driver.
  • Farmers Insurance offers discounts including teen driver, mature driver, alternative fuel, switch companies, and business and professional.
  • Allstate discounts include utility vehicle, auto/life discount, anti-lock brakes, EZ pay plan discount, and new car.

If you are trying to find low cost insurance quotes, ask all the companies the best way to save money. Some of the discounts discussed earlier might not apply in your area.

It’s not one size fits all

When it comes to buying adequate coverage, there isn’t really a “best” method to buy coverage. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine whether you might need an agent’s assistance.

  • Is business property covered if stolen from my car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • When would I need additional glass coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Am I getting all the discounts available?
  • Why do I only qualify for high-risk insurance?
  • Do I need replacement cost coverage on my 2015 Ford Shelby GT350?
  • Will my insurance pay for OEM parts?
  • How can I get my company to pay me more for my totalled car?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

What insurance coverages do you need?

Knowing the specifics of a insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages offered by insurance companies.

Medical expense insurance

Med pay and PIP coverage pay for expenses for prosthetic devices, funeral costs and nursing services. They are often utilized in addition to your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance provides protection from damage that occurs to other’s property or people by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers things such as legal defense fees, funeral expenses, attorney fees, structural damage and bail bonds. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, a broken windshield, vandalism and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, colliding with a tree, crashing into a building and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2015 Ford Shelby GT350.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Cheaper insurance is a realistic goal

Throughout this article, we presented a lot of ways to lower your 2015 Ford Shelby GT350 insurance car insurance rates. It’s most important to understand that the more companies you get premium rates for, the higher your chance of finding inexpensive insurance. You may be surprised to find that the best car insurance rates are with a small mutual company. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like State Farm, Geico and Nationwide.

Cheaper insurance coverage is possible on the web as well as from independent agents, so get free insurance quotes from both of them to have the best selection. Some insurance coverage companies may not have internet price quotes and many times these small insurance companies only sell coverage through independent insurance agents.

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