Ford GT Owners Discover How to Cut Their Car Insurance Rates

No one in their right mind enjoys paying for car insurance, especially knowing the cost is way too high.

You have multiple car insurance companies to choose from, and although it’s a good thing to have multiple companies, it makes it harder to compare company pricing.

Automobile Insurance Quotes

There are multiple methods to shop for car insurance, but there is one way that is less time-consuming than others. You could spend the better part of a day talking to local insurance agents in your area, or you could use online quotes to get prices fast.

Many of the larger companies participate in an industry program that allows shoppers to submit one quote, and every company returns a rated price determined by their information. This prevents consumers from doing form submissions to each individual car insurance company.

To compare rates now click to open in new window.

The only downside to comparing rates this way is you cannot specify which carriers you will receive quotes from. So if you want to select specific providers to compare prices, we have assembled a list of companies who write car insurance in your area. Click here for list of insurance companies.

Which method you use is up to you, but make darn sure you compare exactly the same coverages with each company. If you compare unequal deductibles or liability limits it will be next to impossible to determine which rate is truly the best. Just a small difference in coverages could mean much higher rates. And when price shopping your coverage, comparing more company’s prices will improve the odds of getting the best price.

Why your Ford GT might be costing you more

It’s important that you understand some of the elements that play a part in calculating car insurance rates. Having a good understanding of what impacts premium levels enables informed choices that will entitle you to much lower annual insurance costs.

Shown below are some of the factors car insurance companies consider when setting prices.

• Theft deterrents lower rates – Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your car from being stolen.
• Claim-free discounts can add up – Companies award better rates to insureds who file claims infrequently. If you are a frequent claim filer, you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is designed for larger claims.
• How many coverages with the same company – Many car insurance companies give discounts to customers who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.
• Choose a safe vehicle and save – Cars with high safety ratings get lower rates. Safer cars reduce injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders. If your Ford GT scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
• Do you work long hours in a high stress job? – Did you know your occupation can influence how much you pay for car insurance? Occupations like doctors, executives and stock brokers tend to have the highest rates in part from job stress and lots of time spent at work. On the other hand, professions such as pilots, students and performers receive lower rates on GT coverage.

Cut your premium with discounts

Car insurance companies do not list all available discounts in an easy-to-find place, so we researched some of the best known and the more hidden savings tricks you should be using.

• Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
• No Accidents – Drivers who don’t have accidents pay much less compared to bad drivers.
• Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and qualify for as much as a 10% discount.
• Good Student – This discount can get you a discount of up to 25%. The good student discount can last up until you turn 25.
• No Charge for an Accident – A handful of insurance companies allow you one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
• Discount for New Cars – Insuring a new car is cheaper since new cars are generally safer.
• Sign Online – Certain companies will give a small break for buying a policy and signing up on their website.
• Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you could save 5% or more.
• Federal Employees – Employees or retirees of the government can earn a discount up to 10% on GT coverage with certain companies.
• Drivers Education – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.

It’s important to understand that many deductions do not apply to the entire cost. Some only apply to specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.

For a list of providers who offer car insurance discounts, click here to view.

More comparisons equals lower rates

Discount Ford GT insurance can be sourced on the web and with local insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

We just covered a lot of ways to lower your Ford GT insurance rates. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers could even find that the lowest priced car insurance comes from an unexpected company. Some small companies may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.

When buying insurance coverage, never buy poor coverage just to save money. There have been many situations where drivers have reduced liability coverage limits only to discover later that it was a big error on their part. The aim is to get the best coverage possible at an affordable rate while still protecting your assets.