2020 Ford GT Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: May 1, 2020
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Trying to find lower insurance coverage rates for your Ford GT? Have you fallen victim to high-priced insurance coverage? Believe me when I say you’re not alone.
Multiple auto insurance companies compete for your business, and it can be difficult to compare rates to get the cheapest price
Consumers should take time to check insurance coverage prices at least once a year because insurance prices fluctuate regularly. If you had the best quotes on GT coverage two years ago you can probably find a lower rate today. Ignore everything you know about insurance coverage because we’re going to demonstrate the fastest way to get good coverage at a lower rate.
Cheaper rates with these discounts
Companies do not advertise every discount they offer in an easy-to-find place, so the below list has a few of the more well known and the more hidden credits available to bring down your rates.
- Telematics Devices – Insureds that choose to allow data collection to monitor their driving habits by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they exhibit good driving behavior.
- Active Military Service – Being deployed in the military may lower your rates slightly.
- Seat Belt Usage – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off the personal injury premium cost.
- Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can get savings of up to 25% or more.
- Buy New and Save – Adding a new car to your policy can cost up to 25% less since new vehicles are generally safer.
- Discount for Life Insurance – Larger insurance carriers have a small discount if you purchase auto and life insurance together.
You can save money using discounts, but some of the credits will not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you could get a free car insurance policy, company stockholders wouldn’t be very happy. But any discount will help reduce the amount you pay for coverage.
To view companies that offer many of these discounts, enter your zip code here.
Insurance coverage can be complex
When choosing the right insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that can help discover if your situation would benefit from professional advice.
- Do I have newly-aquired coverage?
- Am I covered if my car is in a flood?
- Where can I get insurance after a DUI in my state?
- What if I don’t agree with a claim settlement offer?
- Are rock chip repairs covered?
- Are all vehicle passengers covered by medical payments coverage?
- Do I need more liability coverage?
- Is my babysitter covered when using my vehicle?
If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete your zip code.
Do insurance coverage companies bend the truth?
Big name companies like 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. All the companies convey the message that you’ll save big if you get a free auto insurance quote and switch to their company. How does every company lower your car insurance rates? It’s all in the words they use.
Different companies offer their best rates for the type of insured that earns them the most money. One example of a profitable customer may need to be a married female, has few claims, and has great credit. Any new insured who fits that profile will get a cheap rate quote and will probably cut their rates substantially.
Consumers who don’t meet this ideal profile will see a more expensive rate which leads to the customer buying from a different company. If you pay attention, the ads say “customers who switch” but not “everyone who gets a quote” save money. That’s why insurance companies can make it sound like they have such great rates. Because of these techniques, it is so important to do a quote comparison often. It is just not possible to predict with any certainty which company will give you the biggest savings.
Insurance coverage options for a Ford GT
Having a good grasp of your policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford GT.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Collision insurance will pay to fix damage to your GT resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as hitting a mailbox, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.
Auto liability insurance
Liability coverage protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability can pay for claims such as legal defense fees, loss of income and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.
Comprehensive (Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like damage from flooding, rock chips in glass, vandalism and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical expense insurance
Med pay and PIP coverage reimburse you for bills for things like X-ray expenses, ambulance fees and dental work. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
A tidy conclusion
Throughout this article, we presented quite a bit of information on how to save on 2020 Ford GT insurance. The key concept to understand is the more quotes you get, the higher your chance of finding the cheapest auto insurance. You may even discover the lowest prices are with the smaller companies. Regional companies may have significantly lower rates on certain market segments than their larger competitors like GEICO and State Farm.
More affordable insurance is available on the web and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not have online quoting and most of the time these small, regional companies work with independent insurance agencies.
To read more, feel free to visit the articles below:
- How Much Auto Coverage do I Need? (Insurance Information Insitute)
- Understanding Car Crashes Video (iihs.org)
- No-Fault Auto Insurance Statistics (Insurance Information Insitute)
- Auto Crash Statistics (Insurance Information Insitute)
- Steps to Take After an Auto Accident (Insurance Information Insitute)
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