2016 Ford Shelby GT350 Insurance Rates

Shoppers have a choice when shopping for the lowest priced Ford Shelby GT350 insurance. You can either spend your time driving around to compare prices or use the internet to make rate comparisons. There is a right way and a wrong way to compare car insurance rates and we’ll show you the absolute fastest way to price shop coverage for a new or used Ford and find the lowest possible price.

It’s a great practice to do price comparisons periodically because insurance prices change quite often. Even if you think you had the best quotes for Shelby GT350 coverage a year ago you will most likely find a better rate today. Ignore everything you know about car insurance because you’re going to learn how to use the internet to find lower rates on car insurance.

If you have a policy now or need new coverage, you can use this information to cut your premiums while maintaining coverages. The purpose of this post is to instruct you on how car insurance quotes work and some tips to save money. Drivers only need to know the proper way to find the lowest price over the internet.

Low cost auto insurance price quotes

Most larger insurance companies such as Progressive, Allstate and Geico allow you to get coverage price quotes on the web. This process is fairly straightforward as you simply enter the coverage amounts you desire on the page. Once you submit the form, the quote system automatically orders reports for credit and driving violations and quotes a price.

This makes it a lot easier to compare rates but the work required to visit different websites and complete many quote forms is a waste of time. Unfortunately, it is important to have as many quotes as possible in order to get a lower rate.

An easier way to compare rates makes use of a single form that gets prices from a bunch of companies at once. This type of form saves time, eliminates form submissions, and makes online shopping much simpler. After sending the form, it is quoted and you can select your choice of the pricing results. If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. This process only takes a few minutes and you will know how your current rates stack up.

To compare rates using this form now, click here and submit the form. If you currently have coverage, we recommend you enter exactly as shown on your declarations page. This helps ensure you will have a price comparison based on the exact same insurance coverage.

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How car insurance companies determine Ford Shelby GT350 insurance prices

A large part of saving on insurance coverage is knowing some of the things that come into play when calculating your policy premiums. When you know what positively or negatively influences your rates, this empowers consumers to make smart changes that can help you get lower rates.

• Know your vehicle’s crash test rating – Safer cars cost less to insure. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries translates directly to fewer claims and thus lower rates.
• Minor frequent policy claims are not good – Companies give cheaper rates to people who file claims infrequently. If you tend to file frequent claims, you can expect higher rates. Your insurance policy is intended for claims that pose a financial burden.
• More traffic equals higher costs – Choosing to live in smaller towns and rural areas of the country may provide you with better prices when it comes to insurance coverage. City drivers tend to have traffic congestion and more time behind the wheel. Fewer drivers and short commutes means reduced accidents in addition to fewer liability claims.
• Accidents inflate rates – Being a careful driver has a huge affect on how much you pay. Only having one driving citation can bump up the cost substantially. Drivers with clean records get better prices compared to bad drivers. Drivers with careless violations such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state’s department of motor vehicles in order to legally drive a vehicle.
• Lower insurance coverage rates with alarms and GPS tracking – Buying a car with a theft deterrent system can help lower your premiums. Systems that thwart theives like OnStar, LoJack tracking, and tamper alarms all help prevent car theft and help bring rates down.
• Never let your insurance coverage policy lapse – Not maintaining insurance is not a good idea and companies may charge more for letting your insurance coverage expire. In addition to paying higher premiums, not being able to provide proof of insurance could result in a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.

Do you qualify for discount insurance coverage?

Companies do not list the complete list of policy discounts very clearly, so we researched some of the best known in addition to some of the lesser obvious credits that may apply to you.

• More Vehicles More Savings – Buying a policy with multiple cars or trucks with the same insurance coverage company can reduce the rates for all insured vehicles.
• Discounts for Federal Employees – Federal government employees can save as much as 8% for Shelby GT350 coverage with certain companies.
• Defensive Driving Course – Completing a course that instructs on driving safety could possibly earn you a 5% discount if your company offers it.
• Telematics Discount – Drivers that enable their company to study driving patterns by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they show good driving skills.
• Resident Student – Kids who attend college more than 100 miles from home and do not take a car to college may qualify for this discount.
• Bundled Policy Discount – If you combine your auto and home policies and place coverage with the same company you could get a discount of at least 10 to 15 percent or more.
• Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can avoid monthly service charges.
• Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of 25 to 30%.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most only reduce specific coverage prices like comp or med pay. Even though the math looks like you can get free auto insurance, it just doesn’t work that way.

The best insurance coverage companies and their possible discounts are:

• Progressive discounts include multi-vehicle, continuous coverage, good student, online signing, and multi-policy.
• The Hartford offers discounts including anti-theft, air bag, vehicle fuel type, good student, and defensive driver.
• Mercury Insurance may offer discounts for accident-free, good student, location of vehicle, low natural disaster claims, annual mileage, good driver, and age of vehicle.
• Geico has savings for five-year accident-free, anti-lock brakes, air bags, seat belt use, membership and employees, and defensive driver.
• AAA has discounts for education and occupation, AAA membership discount, anti-theft, pay-in-full, and good driver.
• State Farm offers premium reductions for Drive Safe & Save, good student, multiple autos, Steer Clear safe driver discount, driver’s education, anti-theft, and passive restraint.

When getting a coverage quote, ask all companies you are considering to give you their best rates. Some credits might not be offered in your area. If you would like to choose from a list of companies that provide some of the discounts listed above, click here to view.

What insurance coverages do I need?

When it comes to choosing the best car insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different.

For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

• Do I really need UM/UIM coverage?
• How much liability do I need to cover my assets?
• When should I drop full coverage on my 2016 Ford Shelby GT350?
• Does my policy cover me when driving someone else’s vehicle?
• Should I drop comprehensive coverage on older vehicles?
• Does having multiple vehicles earn me a discount?
• I don’t drive much so do I pay less?
• How do I file an SR-22 for a DUI in my state?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.

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Auto insurance coverages 101

Learning about specific coverages of your auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for dental work, ambulance fees, chiropractic care and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your 2016 Ford Shelby GT350.

Since 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 should not be overlooked.

Liability car insurance

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

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims like emergency aid, structural damage, legal defense fees and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Collision protection

Collision coverage will pay to fix damage to your Shelby GT350 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 can pay for claims like colliding with another moving vehicle, driving through your garage door, backing into a parked car, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

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

Comprehensive can pay for claims like rock chips in glass, vandalism and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Shop around and save

Lower-priced 2016 Ford Shelby GT350 insurance is definitely available on the web and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies may not offer the ability to get quotes online and most of the time these small insurance companies only sell through independent agents.

When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. Too many times, consumers will sacrifice collision coverage only to discover later that it was a big mistake. The proper strategy is to buy enough coverage at the lowest possible cost while not skimping on critical coverages.

We covered some good ideas how you can save on 2016 Ford Shelby GT350 insurance. The key thing to remember is the more companies you get car insurance rates for, the better your comparison will be. You may even discover the lowest rates are with a lesser-known regional company.

To learn more, take a look at the articles below:

• Collision Insurance Coverage (Nationwide)
• Rental Reimbursement Coverage (Allstate)
• Side Impact Crash Tests (iihs.org)
• Auto Theft Statistics (Insurance Information Insitute)

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