It's shocking but the vast majority of drivers kept their policy with the same company for four years or more, and just short of a majority have never compared insurance rates at all. With the average premium in America being $1,847, drivers could save an average of 46.5% each year, but they won't spend time to find lower-cost insurance rates.
If saving the most money is your goal, then the best way to find discount Ford Shelby GT350 insurance is to do an annual price comparison from different companies who provide car insurance in Fresno. This can be done by completing these steps.
First, take a few minutes and learn about individual coverages and the steps you can take to prevent high rates. Many risk factors that cause high rates such as at-fault accidents, speeding tickets, and an unacceptable credit history can be amended by being financially responsible and driving safely. Keep reading for additional ideas to help prevent costly coverage and find hidden discounts.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agents can quote rates for many different companies.
Third, compare the new quotes to your existing policy to see if a cheaper rate is available. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
Fourth, give proper notification to your current agent or company of your intent to cancel your current policy. Submit the signed application along with the required initial payment for the new policy. When you receive it, place your new certificate verifying coverage in an accessible location in your vehicle.
An essential thing to point out is to use the same physical damage deductibles and liability limits on each quote and to quote with as many different companies as possible. This ensures a fair rate comparison and the best price quote selection.
Keep in mind that comparing all the rates in your area helps increase your odds of locating a lower rate than you're paying now. Some regional insurers cannot provide Fresno Shelby GT350 insurance quotes online, so you need to compare price quotes from those companies as well.
The following companies can provide comparison quotes in California. If your goal is to find the cheapest auto insurance in California, we suggest you click on several of them to get a more complete price comparison.
Insuring your vehicle just makes sense
Despite the high cost of buying insurance for a Ford Shelby GT350 in Fresno, maintaining insurance may not be optional for several reasons.
- Just about all states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability coverage if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Ford Shelby GT350 has a loan, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank may buy a policy for your Ford for a lot more money and require you to reimburse them the higher premium.
- Insurance preserves not only your Ford but also your assets. It will also pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if you cause an accident and are sued. If you have damage to your Ford as the result of the weather or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than offset the price you pay, specifically if you ever have a liability claim. Unknowingly, the average driver is currently overpaying as much as $700 annually so you should quote rates once a year at a minimum to save money.
The Ford Shelby GT350 Insurance Premium Equation
Multiple criteria are used when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but others are more obscure like your vehicle usage and annual miles driven. Part of the insurance buying process is learning some of the things that aid in calculating the rates you pay for insurance. When you understand what determines base rates, this empowers consumers to make smart changes that may result in big savings.
Do you save by driving less? - Driving a lot of miles annually the higher your rate. Most insurance companies calculate prices based upon how the vehicle is primarily used. Cars left parked in the garage cost less to insure compared to those used for work or business. It's always a good idea to double check that your insurance coverage properly reflects the correct usage for each vehicle, because it can save money. Incorrect rating for your Shelby GT350 can result in significantly higher rates.
Stress out and pay more - Occupations like doctors, architects, and medical professionals tend to pay higher premiums than the average policyholder due to intense work situations and long work days. On the flip side, careers such as professors, students and the unemployed pay the least.
Safer cars lower premiums - Cars with five star safety ratings tend to be cheaper to insure. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries translates into savings for insurance companies and lower rates for you.
Liability coverage - The liability coverage on your policy is the coverage that protects you in the event that you are responsible for an accident. It will provide for a legal defense up to the limits shown on your policy. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
Premiums may be higher where you live - Having an address in small towns and rural areas has definite advantages when trying to find low car insurance rates. Less people living in that area translates into fewer accidents. People in densely populated areas tend to have more traffic problems and much longer commute distances. More time on the road translates into higher accident risk.
Traffic violations drive up prices - Your driving record impacts premiums far more than you think. Having a single speeding ticket or other violation may cause rates to rise to the point where it's not affordable. Good drivers get better rates than people who have multiple driving citations. Drivers who get flagrant violations like DUI or reckless driving might be required by their state to submit a SR-22 form with their state DMV in order to legally drive a vehicle.
Consumers leave their current company for many reasons like being labeled a high risk driver, high prices, denial of a claim and delays in paying claims. Regardless of your reason for switching companies, switching companies is not as difficult as it may seem.
As you quote Fresno car insurance, it's not a good idea to reduce coverage to reduce premium. There have been many situations where someone dropped full coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.
Discount Ford Shelby GT350 insurance in Fresno is available from both online companies in addition to many Fresno insurance agents, and you need to price shop both to have the best selection. A few companies may not have online rate quotes and these regional carriers sell through independent agents.
More tips and info about insurance can be found in these articles:
- Choosing an Insurance Company (Insurance Information Institute)
- What Car Insurance is Cheapest for High Risk Drivers in Fresno? (FAQ)
- Who Has Cheap Auto Insurance for a Ford Explorer in Fresno? (FAQ)
- Who Has the Cheapest Auto Insurance for Good Drivers in Fresno? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)