How Much Does 2014 Ford Shelby GT500 Insurance Cost in 2024?

Want lower insurance rates for your Ford Shelby GT500? Did you make the mistake of buying overpriced insurance? Don’t sweat it because there are many consumers feeling the pinch from expensive insurance. There is such a variety of insurance companies to purchase coverage from, and although it’s nice to have a selection, it can be more challenging to compare rates and find the lowest cost insurance.

It is always a good idea to compare prices yearly since insurance prices are constantly changing. Despite the fact that you may have had the lowest quotes on Shelby GT500 coverage a couple years back you can probably find a better rate now. Ignore everything you know about insurance because you’re going to get a crash course in the only way to save on insurance.

How to compare free insurance rate quotes

Getting cheaper 2014 Ford Shelby GT500 insurance pricing is actually easier than you may think. You just need to invest a little time getting comparison quotes from some recommended companies. Rate comparisons can be done using one of these methods.

1. The recommended way to get quotes for comparison would be an industry-wide quote request form. This style of form keeps you from doing multiple quote forms to each individual insurance company. Filling out one form gets rate comparisons from multiple low-cost companies.
2. A slightly less efficient method to find better pricing is to take the time to go to the website for every company you want to compare and fill out their own quote form. For example, let’s say you want to compare prices for USAA, State Farm and Allstate. You would be required to navigate to each company’s site to enter the same coverage data repeatedly, which is why the first method is quicker.

Compare rates however you want, just make darn sure you compare equivalent coverages on every quote you get. If your comparisons have different data you will not be able to determine the best price for your Ford Shelby GT500.

Do you qualify for discount car insurance?

The cost of insuring your cars can be expensive, but you may qualify for discounts that you may not even be aware of. Certain reductions will be credited when you get a quote, but some may not be applied and must be manually applied in order for you to get them.

• Multiple Policy Discount – When you have multiple policies with the same company you may earn as much as 10 to 15 percent.
• Seat Belt Usage – Drivers who require all vehicle occupants to use a seat belt can save a little off the medical payments premium.
• ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents and will save you 10% or more.
• Claim Free – Insureds with no claims or accidents can save substantially in comparison with frequent claim filers.
• Lower Rates for Military – Being deployed with a military unit can result in better prices.
• Anti-theft System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and therefore earn up to a 10% discount.
• Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with the same car insurance company qualifies for this discount.
• Driving Data Discount – Policyholders that allow driving data collection to study driving habits by using a telematic data system such as Progressive’s Snapshot may get a rate reduction if they are good drivers.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way.

To locate insurers who offer cheap car insurance quotes, enter your zip code here.

What insurance coverages do I need?

When choosing coverage, there is no single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.

• Do I have coverage if my license is suspended?
• Can my babysitter drive my car?
• Am I covered when delivering products for my home-based business?
• Where can I find DUI or SR-22 insurance?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Does my 2014 Ford Shelby GT500 qualify for pleasure use?
• Should I sign the liability waiver when renting a car?
• Can I drive in Mexico and have coverage?
• Am I covered when driving a rental car?
• Does insurance cover tools stolen from my truck?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code. It’s fast, doesn’t cost anything and can help protect your family.

Why smart consumers pay less for Ford Shelby GT500 insurance

Consumers need to have an understanding of a few of the rating criteria that come into play when calculating the level of your policy premiums. If you understand what determines premiums, this empowers consumers to make smart changes that can earn you cheaper rates.

Listed below are just a few of the factors companies use to determine prices.

• Raise physical damage deductibles and save – Deductibles for physical damage define the amount you are required to spend out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, also called ‘full coverage’, is used to repair damage to your car. Some examples of claims that would be covered could be collision with another vehicle, vandalism, or theft of your vehicle. The more damage repair cost you pay before a claim is paid (deductible), the less money you will pay for auto insurance on Shelby GT500 coverage.
• Gender and insurance costs – Statistics show that women are safer drivers than men. This data doesn’t prove that men are worse drivers. Both sexes cause auto accidents in similar percentages, but the males tend to have higher claims. Not only that, but men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Young males have the highest risk to insure and thus pay the highest rates.
• Higher prices for stressful occupations – Jobs such as real estate brokers, executives and emergency personnel tend to pay the highest rates due to intense work requirements and lots of time spent at work. On the other hand, occupations such as farmers, engineers and homemakers receive lower rates on Shelby GT500 coverage.
• Little extras can really add up – There are a lot of extra add-on coverages that may not really be needed if you don’t pay attention. Coverages for rental car reimbursement, towing coverage, and membership fees could be just wasting money. They may sound like good ideas when buying your policy, but your money might be better spent on other coverage so remove them from your policy.
• Single drivers take more risk – Having a significant other can get you a discount when shopping for auto insurance. Having a spouse means you’re more responsible and statistics prove married drivers get in fewer accidents.
• Cheaper rates for prior coverage – Going without insurance is a guaranteed way to pay more for auto insurance. And not only will your rates increase, failure to provide proof of insurance can result in a license revocation or jail time. You may have to file a SR-22 with your state DMV.
• Know your vehicle’s IIHS safety rating – Safe vehicles can get you lower premiums. Highly rated vehicles protect occupants better and better occupant protection translates into fewer and smaller insurance claims and thus lower rates.
• Can a thief steal your car? – Owning a car with an alarm system can help bring down rates. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent your car from being stolen.

Tricks in auto insurance advertising

Consumers can’t escape the ads for the lowest price auto insurance from companies such as Allstate, GEICO and Progressive. All the companies tend to make the same promise that drivers can save some big amount after switching your coverage.

How do they all charge lower premium rates? Here is how they do it.

Auto insurance companies are able to cherry pick for the type of customer that will most likely be profitable. An example of this type of driver may be a female over age 40, owns their home, and drives less than 5,000 miles a year. A driver who fits that profile will qualify for the lowest prices as well as save quite a bit of money when switching.

Consumers who do not fit this ideal profile will have to pay more expensive rates which results in business not being written. Company advertisements say “drivers that switch” but not “everyone who gets a quote” save that kind of money. That’s the way companies can make claims like that.

This really drives home the point why it’s extremely important to get auto insurance quotes as often as possible. It is impossible to guess the company that will fit your personal profile best.

Coverages available on your car insurance policy

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages available from car insurance companies.

Coverage for collisions

This coverage will pay to fix damage to your Shelby GT500 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as colliding with a tree, sustaining damage from a pot hole, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for expenses such as prosthetic devices, rehabilitation expenses, pain medications, hospital visits and X-ray expenses. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Ford Shelby GT500.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as falling objects, damage from getting keyed, vandalism, a broken windshield and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for liability

Liability coverage protects you from damage that occurs to other’s property or people. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as structural damage, emergency aid, attorney fees, legal defense fees and court costs. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Take this to the bank

We just showed you many tips how you can get a better price on 2014 Ford Shelby GT500 insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from some of the lesser-known companies. These companies may only write in your state and offer lower auto insurance rates compared to the large companies like GEICO and State Farm.

As you go through the steps to switch your coverage, you should never skimp on coverage in order to save money. In many instances, an insured cut comprehensive coverage or liability limits and learned later that they should have had better coverage. Your goal should be to get the best coverage possible at the best cost and still be able to protect your assets.