Trying to find low-cost insurance for your Shelby Series 1 can normally be difficult, but you can follow the following methods and make it easy. There is a right way and a wrong way to shop for car insurance and you need to know the quickest way to compare rates on a Shelby and find the lowest price.
Compare Quotes for Car Insurance
Effectively comparing car insurance prices can be a lot of work if you don’t utilize the most efficient way. You can waste hours discussing policy coverages with insurance agencies in your area, or you could save time and use online quotes to maximize your effort.
Many popular insurance companies are enrolled in a marketplace that allows shoppers to submit their information once, and at least one company can give them a price. This system prevents you from having to do quote requests to every company.
To enter your information into the quoting system, click to open in new window.
The only downside to using this type of system is you cannot specify the insurers to get pricing from. So if you prefer to pick from a list of companies to request quotes from, we have assembled a list of companies who write car insurance in your area. Click here to view list.
Whichever way you use, make sure you use identical coverages on every quote you get. If each company quotes different liability limits you can’t possibly truly determine the lowest rate. Quoting even small variations in limits can make a big difference in price. And when comparison shopping, more quotes helps locate a better price.
Buyer beware of car insurance advertising tricks
Allstate and Progressive consistently run ads on television and other media. All the companies make the same claim that you’ll save big if you change to them. But how can every company make the same claim? This is how they do it.
All the different companies have a preferred profile for the right customer they prefer to insure. For example, a preferred risk could possibly be between 30 and 50, a clean driving record, and has a high credit rating. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save when switching.
Consumers who don’t qualify for these standards will be quoted higher prices which usually ends up with the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that much money. That is how companies can truthfully make those claims. This emphasizes why it’s extremely important to quote coverage with many companies. You cannot predict which car insurance company will give you the biggest savings.
Shelby Series 1 rates influenced by many factors
It’s important that you understand some of the elements that help determine the rates you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that will entitle you to big savings.
- Do you know your deductibles? – Your deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims would be running into the backend of another car, damage from fire, or theft. The higher the amount you’re willing to pay, the less your company will charge you for insurance for Series 1 insurance.
- Discounts for multiple policies – The majority of companies give discounts to people who buy several policies from them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you may still want to comparison shop to make sure you are getting the best deal. Consumers may find better rates by insuring with multiple companies.
- Where you live is a factor – Being located in small towns and rural areas has it’s advantages when talking about car insurance. City drivers regularly have congested traffic and longer commutes to work. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
- Do you need the policy add-ons? – There are a lot of extra bells and whistles that you can buy on your car insurance policy. Coverages for roadside assistance, towing coverage and motor club memberships are examples of these. They may seem like a good idea when talking to your agent, but if you don’t need them eliminate them to save money.
- Do men or women drive better? – The statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Both sexes cause accidents at a similar rate, but the male of the species have costlier accidents. Men also tend to have more aggressive citations such as reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
- Do you have a high stress job? – Occupations like lawyers, executives and accountants tend to pay higher rates than average due to high stress and long work hours. On the flip side, jobs such as pilots, athletes and retirees have the lowest average rates for Series 1 insurance.
Do you qualify for a discount?
Companies don’t necessarily list all their discounts very clearly, so we researched some of the more common and also the lesser-known discounts you could be receiving.
- 55 and Retired – Mature drivers can possibly qualify for reduced rates for Series 1 insurance.
- Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
- Homeowners Savings – Being a homeowner may earn you a small savings because owning a home shows financial diligence.
- Save with a New Car – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
- Discount for Swiching Early – Select companies give a discount for switching policies prior to your current policy expiration. The savings is around 10%.
- Lower Rates for Military – Being deployed with a military unit could mean lower rates.
Drivers should understand that most discount credits are not given to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.
For a list of providers offering car insurance discounts, click here.
Shop smart and save
As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase a proper amount of coverage for the lowest price.
Insureds change insurance companies for any number of reasons including being labeled a high risk driver, denial of a claim, an unsatisfactory settlement offer or even policy cancellation. Regardless of your reason for switching companies, finding a great new company is pretty simple and you could end up saving a buck or two.
Cheap Shelby Series 1 insurance is attainable on the web and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. A few companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.
