2008 Ford Shelby GT500 Car Insurance Quotes – 7 Tips for Cheapest Rates

No one in their right mind enjoys paying for car insurance, in particular when they are paying too much.

Numerous insurance companies battle for your business, and it can be difficult to compare rates to find the absolute cheapest price

If you currently have car insurance, you should be able to reduce your rates substantially using these methods. Choosing the best insurance company for you is quite easy. Although vehicle owners do need to understand the way insurance companies sell online and take advantage of how the system works.

Verify you’re getting all your discounts

Car insurance can cost a lot, but companies offer discounts to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but a few need to be inquired about prior to receiving the credit.

  • Distant Student – Any of your kids who are attending college without a vehicle on campus may be able to be covered for less.
  • Drive Less and Save – Driving fewer miles could be rewarded with lower rates on the low mileage vehicles.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more on Shelby GT500 coverage than less cautious drivers.
  • Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiration. It can save you around 10%.
  • Accident Free – Drivers who don’t have accidents pay less when compared to bad drivers.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% on Shelby GT500 coverage depending on your company.

It’s important to understand that some of the credits will not apply to the entire cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears you could get a free insurance coverage policy, it doesn’t quite work that way. Any qualifying discounts will bring down the amount you have to pay.

To see a list of insurance companies offering insurance coverage discounts, click here.

When should I talk to an agent?

When choosing proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Every insured’s situation is different and your policy should reflect that. For example, these questions might help in determining if you may require specific advice.

  • Is motorclub coverage worth it?
  • What is an SR-22 filing?
  • What is the rate difference between pleasure use and commuting?
  • Where can I get insurance after a DUI in my state?
  • Do I have any recourse if my insurance company denies a claim?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Why does it cost so much to insure a teen driver?
  • When can my company non-renew my policy?
  • What is the difference between comprehensive and collision coverage?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Parts of your auto insurance policy

Understanding the coverages of a auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages offered by auto insurance companies.

Collision coverage protection

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

Collision insurance covers things such as damaging your car on a curb, driving through your garage door, colliding with a tree, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.

Comprehensive (Other than Collision)

This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage can cover damage or injury you incur to a person or their property. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like court costs, legal defense fees, medical services, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Ford Shelby GT500.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for expenses for things like ambulance fees, prosthetic devices and chiropractic care. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Saving money makes a lot of cents

Cheap 2008 Ford Shelby GT500 insurance can be bought from both online companies and with local insurance agents, and you need to comparison shop both to have the best selection. Some companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

We’ve covered a lot of tips how to save on insurance. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from a lesser-known regional company. They can often insure niche markets at a lower cost compared to the large companies like Geico and State Farm.

Additional information