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Ford Shelby GT350 Insurance Cost

Finding cheaper auto insurance by comparing rates online can be fast and easy, in addition you might just save a little. The most important part is to take the time to get rates from all companies in order to have the lowest rate quotes.

If you are a novice to online auto insurance shopping, you may be confused by the hoards of companies vying for your business. Lowering your Shelby GT350 insurance rates can be quick and easy. You just need to take a few minutes to get quotes provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

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Criteria which help determine Ford insurance rates

Auto insurance rates on a Ford Shelby GT350 can vary widely depending on several factors. A few of these criteria are:

  • A clean driving record keeps rates low
  • Credit rating
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • NTSB crash rating for your vehicle
  • Claims drive up premiums
  • Having continuous coverage saves you money
  • Owning a home can lower rates

A final factor which can affect Shelby GT350 insurance cost is the model year. Newer models have a higher actual cash value in comparison to later models so the cost to replace them can inflate annual premiums. Although newer models may have a trim level with safety features included like a backup camera, automatic crash notification, pedestrian detection, and blind-spot warning system which can lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Auto liability insurance

This coverage protects you from injuries or damage you cause to people or other property that is your fault. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision insurance

This pays for damage to your Ford resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in. Collision coverage for your Shelby GT350 can be pricey, so you might think about dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper Shelby GT350 insurance cost.

Comprehensive insurance

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 your Ford Shelby GT350 comprehensive insurance. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle's occupants from other motorists when they do not carry enough liability coverage. Since a lot of drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills (i.e. ambulance fees, surgery, and doctor visits). They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay.

How Much are Ford Shelby GT350 Insurance Rates?