Drivers have a choice when trying to find the lowest priced Ford GT insurance. They can either waste time contacting agents getting price quotes or use the internet to find the lowest rates.
There is a right way and a wrong way to shop for auto insurance and you need to know the quickest way to price shop coverage for your Ford and find the best price possible.
It’s important to compare rates once or twice a year because rates are adjusted regularly by insurance companies. Even if you got the lowest price on GT coverage six months ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate how to use online quotes to get good coverage at a lower rate.
The purpose of this article is to familiarize you with how to effectively get price quotes and some tricks to saving. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using this information. Drivers just need to learn how to get comparison quotes online.
Complexity of Ford GT insurance rates
Smart consumers have a good feel for the different types of things that come into play when calculating auto insurance rates. Knowing what impacts premium levels allows you to make educated decisions that may reward you with better auto insurance rates.
The list below includes some of the factors companies use to determine rates.
- Special features that cut premiums – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
- Where you live – Being located in a small town can be a good thing when buying auto insurance. Drivers in populated areas have to deal with much more traffic and longer commute times. Lower population translates into fewer accidents and also fewer theft and vandalism claims.
- High crash test scores lower rates – Vehicles with good safety scores are cheaper to insure. Safe vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies and lower rates for you. If your Ford GT has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.
- Tickets mean higher rates – Only having one ticket can increase rates by twenty percent. Good drivers receive lower rates compared to drivers with tickets. Drivers with flagrant tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to keep their license.
How to Lower Your Auto Insurance Cost
Finding lower auto insurance rates can be quick and easy. Consumers just need to take a couple of minutes comparing price quotes provided by online insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.
- One of the best ways consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This easy form prevents you from having to do multiple quote forms for each company you want a rate for. In just a few minutes this one form gets you coverage quotes from multiple low-cost companies. This is perfect if you don’t have a lot of time.
- A different way to compare prices requires a visit to each company’s website to complete their respective quote request forms. For examples sake, we’ll pretend you want comparison quotes from Progressive, Liberty Mutual and GEICO. To get rate quotes you would need to spend time on each company’s site to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
- The hardest method to get comparison rates is driving around to different agent offices. Shopping for auto insurance online can eliminate the need for a local agent unless you prefer the personal advice only provided by licensed agents. However, consumers can comparison shop online and get advice from an agent in your area. We’ll cover that shortly.
However you get your quotes, make sure you use apples-to-apples coverage information with every price quote. If your comparisons have unequal deductibles or liability limits it’s not possible to make a fair comparison for your Ford GT.
Do you really save 40% when you switch?
Consumers can’t ignore all the ads for car insurance savings from the likes of Progressive, Allstate and GEICO. They all seem to make an identical promise that you’ll save big if you change your coverage to them.
But how can every company make the same claim?
Insurance companies are able to cherry pick for the type of customer that makes them money. An example of a desirable insured could be between 30 and 50, insures multiple vehicles, and chooses high deductibles. Any driver who matches those parameters will get very good rates and as a result will probably save a lot of money.
Consumers who do not match these standards will have to pay higher premiums and ends up with business not being written. The ad wording is “people who switch” not “everybody who quotes” save money. That is how companies can truthfully state the savings.
Because of the profiling, you need to compare many company’s rates. You cannot predict which company will fit your personal profile best.
Cut your auto insurance rates with discounts
Properly insuring your vehicles can get expensive, but there could be available discounts to reduce the price significantly. Most are applied when you quote, but some may not be applied and must be asked for before you will receive the discount. If you don’t get every credit available, you’re paying more than you need to.
- Low Mileage Discounts – Keeping the miles down on your Ford could be rewarded with better rates on cars that stay parked.
- Government Employees – Active or retired federal employment may qualify you for a discount on GT coverage with select insurance companies.
- E-sign – A handful of insurance companies may give you up to $50 just for signing your application on their website.
- Life Insurance Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
- Homeowners Savings – Owning a home can help you save on auto insurance because of the fact that having a home shows financial diligence.
- Auto/Home Discount – If you insure your home and vehicles with one insurance company you may save 10% to 20% off each policy.
- More Vehicles More Savings – Insuring multiple cars or trucks on one policy qualifies for this discount.
- Defensive Driving Course – Taking part in a defensive driving course could possibly earn you a 5% discount if your company offers it.
- Payment Discounts – By paying your policy upfront rather than paying monthly you could save 5% or more.
Keep in mind that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will reduce your premiums.
To choose companies who offer auto insurance discounts, click here to view.
What about my local agents?
Some people would prefer to get advice from a local agent and that is OK! Educated insurance agents can help determine the best coverages and help you file claims. The best thing about getting online price quotes is the fact that you can find better rates and still choose a local agent. And supporting local insurance agencies is important particularly in small towns and cities.
By using this quick form, your insurance coverage information is submitted to insurance agents who will return price quotes for your business. You never need to drive around since price quotes are sent directly to your email. How’s that for easy!
How to choose the best car insurance agent
If you’re trying to find a reputable insurance agent or broker, you need to know there are two types of agencies that you can select. Agencies are either captive or independent. Both types can write coverage properly, but it’s important to know how they differ because it can impact buying decisions.
Independent Agencies or Brokers
Independent agencies do not work for one specific company so they can insure your vehicles amongst many companies and potentially find a lower price. If your agent finds better pricing, the business is moved internally and you don’t have to find a new agent. When shopping rates, we recommend you include multiple independent agents for maximum quote selection.Many can place coverage with different regional companies which can be an advantage.
Agency Captives
Captive agencies are contracted to one company and examples are State Farm, AAA and Liberty Mutual. They usually cannot compare other company’s rates so it’s a take it or leave it situation. They are well schooled on their products and sales techniques which helps them compete with independent agents. Consumers often buy insurance from these agents mostly because of the brand legacy and strong financial ratings.
To view a complete directory of agents, click here.
Selecting an insurance agency needs to be determined by more than just a low price. Ask your prospective agent these questions:
- How long have they worked with personal auto insurance coverage?
- How often do they review policy coverages?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do they feel the quoted coverages are adequate?
- If they are an independent agency, which companies do they recommend?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Who is covered by the car insurance policy?
Upon receiving positive responses for all questions you ask and a low price estimate, most likely you have located an insurance agent that meets your needs to adequately provide auto insurance.
Final thoughts
We’ve covered a lot of techniques to compare Ford GT insurance prices online. The key concept to understand is the more you quote, the better your comparison will be. You may even find the lowest priced auto insurance comes from a small mutual company.
Consumers who switch companies do it for many reasons like high rates after DUI convictions, questionable increases in premium, unfair underwriting practices and denial of a claim. It doesn’t matter what your reason, finding a new auto insurance company is less work than it seems.
As you go through the steps to switch your coverage, do not buy poor coverage just to save money. In too many instances, consumers will sacrifice physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.
