A recent study showed that the vast majority of insurance customers kept their policy with the same company for over three years, and nearly the majority have never compared insurance rates at all. Louisville consumers could save up to $600 every year, but most just don’t grasp the benefits if they swap their current policy for a cheaper one.
The best way to get discount Ford Shelby GT350 insurance is to start comparing rates regularly from insurers who sell insurance in Louisville.
Step 1: Try to learn a little about what coverages are included in your policy and the modifications you can make to drop your rates. Many risk factors that result in higher prices like getting speeding tickets and a not-so-good credit rating can be rectified by making lifestyle changes or driving safer. This article gives additional ideas to prevent expensive rate increases and find possible discounts that are available.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple insurance companies.
Step 3: Compare the new rate quotes to your existing coverage and determine if there is any savings. If you can save some money and switch companies, ensure coverage does not lapse between policies.
Step 4: Provide notification to your current agent or company of your intention to cancel your current policy. Submit a completed application and payment for the new policy. When you receive it, store the certificate verifying coverage along with the vehicle’s registration papers.
A good piece of advice is to try to compare the same deductibles and limits on every price quote and and to get rate quotes from as many companies as possible. Doing this provides a level playing field and the best rate selection.
The companies shown below can provide free rate quotes in Kentucky. If your goal is to find the best car insurance in Louisville, KY, we suggest you visit as many as you can to get a more complete price comparison.
Get cheaper Ford Shelby GT350 insurance in Louisville with discounts
Some providers don’t always publicize every discount in an easy-to-find place, so the list below gives a summary of a few of the more well known as well as the least known insurance savings. If you aren’t receiving every discount you deserve, you could be getting lower rates.
- Drivers Education – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class as it will make them better drivers and lower rates.
- Fewer Miles Equal More Savings – Driving fewer miles may enable drivers to earn slightly better insurance rates than normal.
- Defensive Driving Course – Taking a course in driver safety could earn you a small percentage discount and also improve your driving technique.
- Accident Forgiveness Coverage – This one isn’t a discount, but companies like Allstate and GEICO allow you one accident before your rates go up if you are claim-free for a set time period.
- No Claim Discounts – Good drivers with no accidents can earn big discounts as opposed to drivers who are more careless.
- Driving Data Discount – Drivers who elect to allow their company to track driving habits through the use of a telematics system such as State Farm’s In-Drive could save a few bucks if their driving habits are good.
- Theft Deterrent System – Vehicles that have factory alarm systems and tracking devices help deter theft and earn discounts up to 10% off your Louisville car insurance quote.
- Active Military Service – Having an actively deployed family member may lower your premium rates slightly.
A little disclaimer on discounts, most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears you can get free auto insurance, you won’t be that lucky.
A few companies that may offer quotes with most of the discounts above include:
Before purchasing a policy, check with all the companies to apply every possible discount. Depending on the company, some discounts may not apply to policyholders in your area. To see a list of companies that offer multiple discounts in Kentucky, click here.
Local Louisville auto insurance agents
A lot of people just prefer to get advice from a local agent. Most agents can help you choose the best coverages and help file insurance claims. One of the benefits of comparing insurance prices online is the fact that you can find cheaper rates but still work with a licensed agent. And supporting small agencies is definitely important in Louisville.
After completing this short form, your insurance data is submitted to participating agents in Louisville who will give competitive quotes and help you find cheaper coverage. You won’t need to leave your house due to the fact that quote results will go to you. If you need to get a rate quote for a specific company, you would need to visit that company’s website and complete a quote there.
When finding a good Louisville insurance agent, it’s important to understand the different agency structures that you can choose from. Agents in Louisville may be either exclusive or independent agents depending on their company appointments. Both types can properly insure your vehicles, but we need to point out how they differ since it could factor into your agent selection.
Independent Agents (or Brokers)
Agents of this type are not locked into one company so as a result can place your coverage with any number of different companies and find the cheapest rate. If they find a cheaper price, your agent can just switch to a different company which makes it simple for you. If you are comparing insurance prices, you will definitely want to get several quotes from independent agents in order to have the best price comparison. Most independent agents also contract with companies that do not advertise much which can be an advantage.
Listed below is a list of independent insurance agencies in Louisville who may provide free insurance quotes.
- Nationwide Insurance: Christopher James Parsons Agency
10300 Brookridge Village Blvd Ste 103 – Louisville, KY 40291 – (502) 239-5054 – View Map - Linda B Morton Insurance Agency
4600 Outer Loop – Louisville, KY 40219 – (502) 966-5637 – View Map - National Insurance Agency, Inc.
13804 Lake Point Way # 202 – Louisville, KY 40223 – (502) 425-3232 – View Map
Exclusive Insurance Agents
These type of agents can only provide one company’s prices and some examples include AAA, State Farm, Farmers Insurance, and Allstate. They usually cannot compare rates from other companies so keep that in mind. These agents are very knowledgeable on their company’s products which helps offset the inability to provide other markets. Consumers sometimes purchase coverage from exclusives mainly due to high brand loyalty instead of buying on price only.
Below are exclusive agents in Louisville that can give you comparison quotes.
- Matt Miller – State Farm Insurance Agent
8321 Preston Hwy – Louisville, KY 40219 – (502) 964-6288 – View Map - Duanne Hawkins Cooper – State Farm Insurance Agent
2152 Glenworth Ave – Louisville, KY 40218 – (502) 458-0258 – View Map - Terryl McCray – State Farm Insurance Agent
1827 W Broadway – Louisville, KY 40203 – (502) 774-3373 – View Map
Picking the best insurance agent requires more thought than just a cheap price quote. The answers to these questions are important, too.
- Which companies can they place coverage with?
- Do they get extra compensation for selling add-on coverages?
- Which family members are covered?
- Does the agency have a current Errors and Omissions policy?
- Can they give you a list of client referrals?
- Will you work with the agent or an assistant?
Kentucky car insurance company ratings
Picking the highest-rated car insurance provider can be a challenge considering how many different companies insure vehicles in Kentucky. The rank data displayed below may help you pick which car insurance companies to look at to insure your vehicles.
Top 10 Louisville Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Auto insurance policy specifics
Learning about specific coverages of auto insurance can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Ford Shelby GT350.
Due to the fact that many Kentucky drivers have only the minimum liability required by law (25/50/10 in Kentucky), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.
Liability car insurance
This coverage can cover damages or injuries you inflict on other people or property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/10 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability insurance covers claims like court costs, funeral expenses, structural damage, attorney fees and legal defense fees. How much liability coverage do you need? That is your choice, but buy as much as you can afford. Kentucky requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more coverage.
The chart below demonstrates why low liability limits may not provide you with enough coverage.
Collision coverage
This pays for damage to your Shelby GT350 resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as driving through your garage door, hitting a parking meter, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible on your Shelby GT350 in order to get cheaper collision rates.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like funeral costs, ambulance fees, chiropractic care and hospital visits. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Comprehensive auto coverage
Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as hitting a bird, theft, a tree branch falling on your vehicle, rock chips in glass and a broken windshield. The maximum amount you’ll receive from a claim 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.
Quote often and quote early
Budget-conscious Ford Shelby GT350 insurance is definitely available on the web in addition to many Louisville insurance agents, and you should compare rates from both to have the best selection. Some insurance companies may not offer rates over the internet and usually these small insurance companies only sell through independent agencies.
As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut collision coverage and learned later that the small savings ended up costing them much more. The goal is to purchase plenty of coverage at the best price, not the least amount of coverage.
People switch companies for a variety of reasons including high rates after DUI convictions, unfair underwriting practices, not issuing a premium refund and being labeled a high risk driver. It doesn’t matter why you want to switch finding a new company is actually quite simple.
To read more, take a look at these articles:
- Prom Night Tips for Teen Drivers (State Farm)
- Who Has Cheap Louisville Car Insurance Rates for Drivers Over Age 60? (FAQ)
- What Auto Insurance is Cheapest After a Speeding Ticket in Louisville? (FAQ)
- How Much is Auto Insurance for a Nissan Rogue in Louisville? (FAQ)
- Who Has Cheap Louisville Auto Insurance for Hybrid Vehicles? (FAQ)
- How Much are Car Insurance Quotes for a Hyundai Elantra in Louisville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers with a Bad Driving Record in Louisville? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Red Light Cameras (State Farm)
- Side Impact Crash Tests (iihs.org)
- Child Safety Seats (Insurance Information Institute)