Having to pay for overpriced auto insurance can empty your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a smart way to reduce premiums and put more money in your pocket. Popular companies such as GEICO and Progressive continually hit you with ads and it is challenging if not impossible to see past the geckos and flying pigs and effectively compare rates to find the best deal.
Take advantage of discounts
Insuring your fleet can be pricey, but you may find discounts to help bring down the price. Certain discounts will be applied when you purchase, but some must be requested specifically before you will receive the discount. If you aren’t receiving every discount available, you’re paying more than you need to.
- Organization Discounts – Belonging to a civic or occupational organization could qualify you for a break on your policy on F355 GTS coverage.
- One Accident Forgiven – Some insurance companies permit an accident without raising rates if your claims history is clear for a particular time prior to the accident.
- Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
- Senior Citizens – If you qualify as a senior citizen, you may qualify for a discount up to 10% on F355 GTS coverage.
- Student in College – Kids in college living away from home attending college and do not have a car may qualify for this discount.
- Multiple Policy Discount – When you have multiple policies with the same company you could get a discount of 10% to 20% off each policy.
- Safe Drivers – Safe drivers can pay as much as 50% less on F355 GTS coverage than drivers with accidents.
- Sign Early and Save – Some companies give discounts for switching to them prior to your current policy expiration. It can save you around 10%.
Drivers should understand that most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. So when the math indicates you could get a free auto insurance policy, auto insurance companies aren’t that generous. But all discounts will reduce the cost of coverage.
To see a list of insurers with the best auto insurance discounts, click here to view.
How to Buy Auto Insurance Online
Finding a lower price on Ferrari F355 GTS insurance can be surprisingly simple. You just need to spend a few minutes to compare rate quotes from different insurance companies. This can be done in just a few minutes using one of these methods.
- The first (and easiest) way consumers can make multiple comparisons is an all-inclusive rate comparison click here to open form in new window. This type of form eliminates the need for separate quote forms for every auto insurance company. A single, simple form will get you price quotes from multiple companies.
- A harder way to analyze rates requires visiting each individual company website to complete their respective quote request forms. For instance, let’s say you want comparison quotes from State Farm, Allstate and American Family. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why the first method is more popular. To view a list of companies in your area, click here.
- The hardest method of getting rate comparisons is to drive around to different agent offices. The internet has reduced the need for local agents unless you want the trained guidance of a licensed agent. It is possible to price shop your coverage online and get advice from an agent in your area and you’ll learn how to do that later.
It’s up to you how you get prices quotes, just make absolute certain that you use apples-to-apples coverage information for each price quote. If you use different limits and deductibles on each one it’s impossible to determine the best price for your Ferrari F355 GTS.
Pieces of the Ferrari F355 GTS rate puzzle
It’s important that you understand the different types of things that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that will entitle you to better auto insurance rates.
- Better credit scores mean better rates – A driver’s credit score is a big factor in calculating your auto insurance rates. Drivers with good credit tend to file fewer claims and have better driving records than those with poor credit. So if your credit rating is low, you could save money insuring your Ferrari F355 GTS by spending a little time repairing your credit.
- More miles equals more premium – The more you drive in a year the more you’ll pay to insure your vehicle. The majority of insurers apply a rate based on how the vehicle is used. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Ask your agent if your auto insurance policy is rated on the correct driver usage, because it can save money. Incorrect usage on your F355 GTS can cost quite a bit.
- Choose a safe vehicle and save – Vehicles with high crash test scores can get you lower premiums. The safest vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If your Ferrari earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
- Where you live can impact rates – Residing in a rural area can save you money when insuring your vehicles. Drivers who live in large cities have to deal with traffic congestion and much longer commute distances. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
- Save money with special equipment – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.
Is my situation unique?
When choosing the right insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions could help you determine whether you might need professional guidance.
- What can I do if my company won’t pay a claim?
- Can I afford to pay high deductible claims out of pocket?
- What if I don’t agree with a claim settlement offer?
- Do I need to file an SR-22 for a DUI in my state?
- Why am I required to buy high-risk coverage?
- Who is covered when they drive my Ferrari F355 GTS?
- Are there companies who specialize in insuring high-risk drivers?
- Do I have coverage when using my vehicle for my home business?
- Am I covered when driving someone else’s vehicle?
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 an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can help protect your family.
Your local neighborhood insurance agent
Certain consumers just want to visit with an insurance agent and that is a personal choice. Licensed agents can point out coverage gaps and give you peace of mind. One of the great benefits of price shopping on the web is you may find the best rates and still choose a local agent. And providing support for small agencies is important particularly if you live in a smaller city or town.
By using this short form, your insurance data is submitted to participating agents who will give you bids for your business. You won’t need to even leave your home as quotes are delivered to your email. It doesn’t get any easier!
Best auto insurance agent
If you’re trying to find a reputable insurance agent or broker, you need to know there are two types of insurance agents to choose from. Agencies are categorized either independent (non-captive) or captive. Either one can insure your vehicles, but it’s worth learning the differences because it can influence the type of agent you choose
Independent Agents
Independent agents are not required to write business for one company so they have the ability to put coverage with lots of companies depending on which coverage is best. If you are not satisfied with one company, your agent can switch companies and you won’t have to switch agencies.
When searching for an agent, it’s recommended you contact multiple independent agents to get the best comparison.
Captive Agents
These agents have only one company to place business with like State Farm or Allstate. Captives cannot compare other company’s rates so keep that in mind. These agents are trained well on their products and sales techniques which can be an advantage.
To view a complete directory of agencies, click here.
Deciding on an auto insurance agent requires more thought than just the premium amount. Any agent should have no problem answering these questions:
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Will their companies depreciate repairs to your car based on the mileage?
- What will you get paid if your car is a total loss? How is that amount determined?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Are they properly licensed to sell insurance in your state?
Once you have received positive feedback to all your questions and an affordable coverage quote, you have narrowed it down to an insurance agent that meets your needs to properly service your auto insurance policy.
In conclusion
You just learned some good ideas how to get a better price on Ferrari F355 GTS insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the best price on auto insurance is with a small mutual company. These smaller insurers may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.
Discount Ferrari F355 GTS insurance is attainable on the web and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. Some insurance providers may not provide online quoting and most of the time these small, regional companies sell through independent agents.
