Best Ford Shelby GT500 Car Insurance in 2024 (Find the Top 10 Companies Here)
Discover the best Ford Shelby GT500 car insurance with top picks Progressive, State Farm, and USAA, offering competitive rates starting at just $45/month. These providers excel in delivering comprehensive coverage options and exceptional value for your Ford Shelby GT500, ensuring optimal insurance solutions.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
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UPDATED: Aug 9, 2024
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for Ford Shelby GT500
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Full Coverage for Ford Shelby GT500
A.M. Best Rating
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17,759 reviews
6,435 reviewsCompany Facts
Full Coverage for Ford Shelby GT500
A.M. Best Rating
Complaint Level
Pros & Cons
6,435 reviews
The best Ford Shelby GT500 car insurance providers are Progressive, State Farm, and USAA, known for their comprehensive coverage and competitive pricing.
When insuring your Ford Shelby GT500, it’s crucial to consider factors such as your driving record, location, and the car’s safety features, all of which can influence your premiums. By comparing quotes from these top companies, you can ensure you’re receiving the best possible deal tailored to your needs. Discover insights in our guide titled “Safe Driver Car Insurance Discounts.”
Our Top 10 Company Picks: Best Ford Shelby GT500 Car Insurance
Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
#1 15% A+ Customizable Plans Progressive
#2 20% B Customer Service State Farm
#3 10% A++ Military Savings USAA
#4 20% A+ Local Agents Allstate
#5 25% A++ Affordable Rates Geico
#6 15% A Personalized Plans Farmers
#7 20% A+ Broad Coverage Nationwide
#8 10% A Comprehensive Cover Liberty Mutual
#9 15% A++ Policy Options Travelers
#10 25% A Teen Drivers American Family
Remember, the right insurance not only protects your vehicle but also offers peace of mind on the road.
To compare Ford Shelby GT500 auto insurance quotes from top companies, enter your ZIP code above now.
- Progressive is the top pick for Ford Shelby GT500 car insurance
- Coverage considerations include the Shelby GT500’s high-performance specs
- Factors like location and driving history significantly impact rates
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#1 – Progressive: Top Overall Pick
Pros
- Flexible Coverage Options: Progressive allows Ford Shelby GT500 owners to customize their policies extensively, catering to unique needs.
- Loyalty Rewards: Progressive offers loyalty rewards that benefit Ford Shelby GT500 owners who maintain their policies over time. Learn more about coverage options and monthly rates in our article titled “Progressive Car Insurance Review.”
- Snapshot Program: Progressive’s Snapshot program can lead to significant discounts for Ford Shelby GT500 drivers based on driving behavior.
Cons
- Higher Rates for High-Risk Drivers: Ford Shelby GT500 owners with a high-risk profile may face steeper rates at Progressive.
- Customer Service Variability: Some customers report inconsistent service experiences, which could affect Ford Shelby GT500 owners seeking support.
#2 – State Farm: Best for Customer Service
Pros
- Bundling Policies: State Farm offers significant discounts for bundling multiple insurance policies for Ford Shelby GT500.
- High Low-Mileage Discount: State Farm provides a substantial discount for low-mileage usage of the Ford Shelby GT500.
- Wide Coverage: State Farm offers various options tailored to different needs of Ford Shelby GT500 owners. Wondering about their level of customer service? Find out in our guide titled “State Farm Car Insurance Review.”
Cons
- Limited Multi-Policy Discount: The multi-policy discount of State Farm is lower compared to some competitors for Ford Shelby GT500 insurance.
- Premium Costs: Despite discounts, State Farm’s premiums might still be relatively higher for certain coverage levels of the Ford Shelby GT500.
#3 – USAA: Best for Military Savings
Pros
- Military Discounts: USAA offers substantial military discounts beneficial for Ford Shelby GT500 owners who are service members.
- Superior Customer Support: Recognized for top-tier customer service, providing a great experience for Ford Shelby GT500 insurance holders.
- High Customer Satisfaction: USAA consistently ranks high in customer satisfaction surveys among Ford Shelby GT500 owners. Find out why USAA ranks among the cheapest providers in our article titled “USAA Car Insurance Review.”
Cons
- Eligibility Restrictions: USAA’s services are only available to military members, veterans, and their families, limiting access for some Ford Shelby GT500 owners.
- Less Flexibility in Policy Features: Compared to others, USAA offers fewer customizable options for Ford Shelby GT500 policies.
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#4 – Allstate: Best for Local Agents
Pros
- Personalized Local Service: Allstate’s network of local agents provides personalized service, ensuring Ford Shelby GT500 owners can discuss coverage face-to-face.
- Safe Driving Bonuses: Ford Shelby GT500 owners can benefit from Allstate’s safe driving bonuses, which reward safe, accident-free driving.
- New Car Replacement: Allstate offers new car replacement for recent model Ford Shelby GT500s, providing added value if the car is totaled. Find more information about Allstate’s rates in our article titled “Allstate Car Insurance Review.”
Cons
- Higher Premiums for Some Areas: Allstate’s rates can be higher for Ford Shelby GT500 owners living in urban or high-risk areas.
- Varied Customer Satisfaction: Customer satisfaction can vary significantly depending on the region and specific agent for Ford Shelby GT500 insurance.
#5 – Geico: Best for Affordable Rates
Pros
- Competitive Pricing: Geico offers some of the most affordable rates for Ford Shelby GT500 insurance, appealing to budget-conscious owners.
- Extensive Discounts: Available discounts for Ford Shelby GT500 include multiple vehicle, safe driver, and anti-theft system discounts. Learn more about Geico’s rates in our guide titled “Geico Car Insurance Review.”
- Quick Claim Processing: Geico is known for its efficiency in processing claims, which is crucial for Ford Shelby GT500 owners in need of quick service.
Cons
- Generic Customer Service: While affordable, Geico’s customer service can feel impersonal and generic for Ford Shelby GT500 owners.
- Coverage Limitations: Some Ford Shelby GT500 owners may find Geico’s coverage options less comprehensive compared to competitors.
#6 – Farmers: Best for Personalized Plans
Pros
- Customizable Coverage: Farmers allows extensive customization of policies, beneficial for Ford Shelby GT500 owners with specific needs.
- Dedicated Agents: Farmers employs dedicated agents who provide tailored advice and support for Ford Shelby GT500 insurance. Take a look at our article titled “Farmers Car Insurance Review.”
- Accident Forgiveness: Ford Shelby GT500 owners can benefit from Farmers’ accident forgiveness program, preventing rate increases after the first accident.
Cons
- Higher Cost: Compared to others, Farmers’ premiums can be higher for Ford Shelby GT500 insurance, especially without bundling.
- Complex Policy Options: The wide array of options can be overwhelming and confusing for some Ford Shelby GT500 owners.
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#7 – Nationwide: Best for Broad Coverage
Pros
- Wide Range of Coverage: Nationwide offers a broad array of coverage options, fitting the various needs of Ford Shelby GT500 owners. Explore more discount options in our guide titled “Nationwide Car Insurance Discounts.”
- Accident Forgiveness: Nationwide provides accident forgiveness, which can be especially valuable for Ford Shelby GT500 owners after their first at-fault accident.
- Vanishing Deductible: Ford Shelby GT500 owners benefit from Nationwide’s vanishing deductible that decreases annually with no claims.
Cons
- Premium Fluctuations: Ford Shelby GT500 insurance rates with Nationwide may fluctuate more than with some other insurers.
- Mixed Reviews on Claim Handling: Some customers report varied experiences with claim handling for their Ford Shelby GT500.
#8 – Liberty Mutual: Best for Comprehensive Coverage
Pros
- Tailored Packages: Liberty Mutual offers tailored insurance packages that cater to the specific needs of Ford Shelby GT500 owners. To see monthly premiums and honest rankings, read our guide titled “Liberty Mutual Car Insurance Review.”
- Lifetime Repair Guarantee: Provides a lifetime repair guarantee for repairs made at approved service centers for Ford Shelby GT500.
- Accident Forgiveness: Ford Shelby GT500 owners can take advantage of Liberty Mutual’s accident forgiveness policy, which prevents rates from increasing after the first accident.
Cons
- Higher Rates for Some: Liberty Mutual may charge higher premiums for Ford Shelby GT500 insurance compared to some competitors.
- Customer Service Inconsistency: Reports of inconsistent customer service experiences can affect satisfaction for Ford Shelby GT500 insurance holders.
#9 – Travelers: Best for Policy Options
Pros
- Variety of Policy Options: Travelers offers a wide variety of policy options, allowing Ford Shelby GT500 owners to find the perfect fit for their insurance needs.
- Gap Insurance Coverage: Provides gap insurance, which is beneficial for Ford Shelby GT500 owners who owe more than their car’s worth.
- Hybrid Car Discount: Offers a discount for hybrid vehicles, which could benefit Ford Shelby GT500 owners considering hybrid versions. Read more about Travelers’ ratings in our article titled “Travelers Car Insurance Review.”
Cons
- Complex Policy Structure: The complex structure of Travelers’ policies can be daunting for some Ford Shelby GT500 owners to navigate.
- Pricing Variability: Pricing for Ford Shelby GT500 insurance can vary greatly depending on the state and the individual’s driving history.
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#10 – American Family: Best for Teen Drivers
Pros
- Young Driver Focus: American Family offers great options and discounts for teen drivers, which can benefit families with Ford Shelby GT500-owning teens.
- My SafetyValet Program: Includes the My SafetyValet program, which helps Ford Shelby GT500 owners monitor and improve driving habits, particularly beneficial for young drivers.
- Generous Discounts: Offers generous discounts for good students and those who take defensive driving courses, ideal for Ford Shelby GT500 teen drivers. Find out more about American Family in our article titled “American Family Car Insurance Review.”
Cons
- Limited Availability: American Family’s coverage for the Ford Shelby GT500 is not available in all states, which can be a limitation for some owners.
- Higher Rates for High-Risk Profiles: Teen drivers, including those driving a Ford Shelby GT500, might face higher rates due to their risk profile.
Monthly Premium Comparison for Ford Shelby GT500 Insurance
When considering insurance for your Ford Shelby GT500, understanding the cost dynamics between minimum and full coverage options is crucial. Below is a detailed look at the monthly premiums offered by various providers for both levels of coverage. Unlock details in our guide titled “Compare Car Insurance by Coverage Type.”
Ford Shelby GT500 Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $60 $182
American Family $48 $155
Farmers $58 $175
Geico $45 $158
Liberty Mutual $65 $190
Nationwide $59 $166
Progressive $55 $171
State Farm $50 $160
Travelers $66 $185
USAA $53 $147
The monthly rates for the Ford Shelby GT500 vary significantly between insurers and coverage types. For minimum coverage, premiums start as low as $45 with Geico and can go up to $66 with Travelers.
For those seeking full coverage, USAA offers the most competitive rate at $147 per month, while the highest rate is provided by Liberty Mutual at $190 per month.
This range highlights the importance of comparing rates to find the best insurance solution that meets both your budgetary and coverage needs.
Are Vehicles Like the Ford Shelby GT500 Expensive to Insure
Take a look at how insurance rates for similar models to the Ford Shelby GT500 look. These insurance rates for other coupes like the Jaguar XK, BMW 8 Series, and Mercury Cougar give you a good idea of what to expect. Delve into our evaluation of article titled “Best BMW Car Insurance Rates.”
Insuring high-performance vehicles like the Ford Shelby GT500 can be more expensive compared to standard models, as evidenced by the comprehensive insurance rates for similar coupes.
By comparing these rates with vehicles like the Nissan GT-R and Porsche 911, prospective owners can better understand the potential costs involved.
Ford Shelby GT500 Car Insurance Monthly Rates vs. Similar Vehicles by Coverage Type
Vehicle Comprehensive Collision Minimum Coverage Full Coverage
Hyundai Veloster $26 $44 $35 $117
Nissan GT-R $37 $82 $30 $160
Cadillac ATS-V $34 $70 $33 $150
Nissan 370Z $28 $60 $38 $140
Cadillac ATS Coupe $29 $57 $33 $132
Mazda RX-8 $21 $34 $38 $106
Porsche 911 $40 $87 $33 $173
Chrysler Sebring $17 $29 $39 $98
Ford Shelby GT500 $35 $70 $40 $145
Ultimately, the choice of vehicle heavily influences insurance expenses, making it essential to consider both the car’s performance capabilities and the associated insurance premiums before making a purchase.
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What Impacts the Cost of Ford Shelby GT500 Insurance
The cost of insuring a Ford Shelby GT500 is not static and can be influenced by several key factors. Firstly, the specific trim and model of the Shelby GT500 you select play a critical role in determining the insurance premiums. Higher-end trims with more powerful engines or luxury features typically attract higher rates due to increased repair costs and risk profiles.
The location where you reside significantly impacts your insurance costs; urban areas typically have higher rates due to increased traffic and theft risks. Additionally, your driving history, including accidents or violations, can raise premiums as insurers view you as a higher risk. Access comprehensive insights into our guide titled “States with the Highest Vehicle Theft Rates.”
Moreover, in most states, your age and gender will also affect your insurance rates. Younger drivers, especially males, often face higher rates due to their statistically higher risk of accidents. Each of these factors combines to shape the insurance premiums you’ll pay for a Ford Shelby GT500, making it essential to consider how your personal circumstances may influence your insurance costs.
Ways to Save on Ford Shelby GT500 Insurance
Save more on your Ford Shelby GT500 car insurance rates. Take a look at the following five strategies that will get you the best Ford Shelby GT500 auto insurance rates possible.
- Ask about welcome discounts.
- Install an aftermarket anti-theft device for your Ford Shelby GT500.
- Be picky about who drives your Ford Shelby GT500.
- Ask about Ford Shelby GT500 safety discounts.
- Check the odometer on your Ford Shelby GT500.
By utilizing these strategies, you can significantly reduce your Ford Shelby GT500 car insurance costs and ensure optimal coverage. Discover more about offerings in our article titled “How do you get competitive quotes for car insurance?”
Top Ford Shelby GT500 Insurance Companies
What is the best company for affordable Ford Shelby GT500 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Ford Shelby GT500 insurance coverage (ordered by market share).
Progressive stands out with a 15% multi-policy discount, making it an excellent choice for Ford Shelby GT500 owners looking to bundle insurance products.
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Many of these companies offer discounts for security systems and other safety features found on the Ford Shelby GT500. Check out insurance savings in our complete guide titled “Multiple Policy Car Insurance Discounts.”
To find the most affordable Ford Shelby GT500 insurance rates, it’s essential to explore offerings from the top insurers, as market share can be an indicator of competitive pricing and reliable coverage.
Top Ford Shelby GT500 Car Insurance Providers by Market Share
Rank Insurance Company Premium Written Market Share
#1 State Farm $66.1 million 9.1%
#2 Geico $46.3 million 6.4%
#3 Progressive $41.7 million 5.7%
#4 Allstate $39.2 million 5.4%
#5 Liberty Mutual $36.1 million 5%
#6 Travelers $28.7 million 4%
#7 USAA $24.6 million 3.4%
#8 Chubb $24.1 million 3.3%
#9 Farmers $20 million 2.8%
#10 Nationwide $18.4 million 2.5%
Consider inquiring about additional discounts for security features and safety equipment in your Ford Shelby GT500 to further reduce your premiums.
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Comparing Free Ford Shelby GT500 Insurance Quotes Online
When looking for the best insurance coverage for your Ford Shelby GT500, it’s important to consider quotes from the top providers in the market. State Farm, Geico, and Progressive, as the leading insurers by market share, offer competitive rates and various discounts that can benefit Shelby GT500 owners. See more details on our guide titled “Progressive Car Insurance Discounts.”
By using online tools to compare their quotes, you can effectively assess which company provides the optimal balance of cost, coverage, and customer service for your specific needs.
Utilizing these online comparison platforms allows you to quickly gather data on the top three insurers, ensuring you make an informed decision tailored to the unique requirements of insuring a high-performance vehicle like the Ford Shelby GT500. Always check for the latest promotions and discounts each insurer offers, especially those specific to safety features that could significantly lower your premiums.
Find the best comprehensive car insurance quotes by entering your ZIP code below into our free comparison tool today.
Frequently Asked Questions
Is insurance for Ford Shelby GT500 expensive?
Insurance rates can vary. Compare rates with similar coupes like the Jaguar XK and BMW 8 Series for an idea.
For additional details, explore our comprehensive resource titled “Best Jaguar Car Insurance Rates.”
What factors affect Ford Shelby GT500 insurance cost?
The model you choose, location, driving history, and, in some states, age and gender can impact insurance cost.
How can I save on Ford Shelby GT500 insurance?
Compare quotes, maintain a clean driving record, utilize available discounts, bundle policies, and consider higher deductibles.
Which insurance companies offer Ford Shelby GT500 coverage?
Top insurance companies include Progressive, State Farm, and USAA.
To find out more, explore our guide titled “State Farm Car Insurance Discounts.”
How can I compare Ford Shelby GT500 insurance quotes online?
Use our free online tool by entering your ZIP code to compare quotes from top car insurance companies.
How much is insurance on a Shelby Mustang?
The cost of insurance for a Shelby Mustang varies based on factors like model, location, and driver history, but it is generally higher than average due to the car’s high performance.
What insurance group is a Ford Shelby GT500?
A Ford Shelby typically falls into higher insurance groups due to its powerful engine and sports car classification, which contribute to higher premiums.
To learn more, explore our comprehensive resource on “Best Car Insurance for Sports Cars.”
Why should I customize car insurance for a Ford Shelby GT500?
Customizing car insurance for a Ford Shelby ensures that coverage meets the specific needs of this high-performance vehicle, such as higher liability limits and comprehensive coverage for repairs or replacement.
What is the most trusted car insurance company for Ford Shelby GT500?
The most trusted car insurance company for a Ford Shelby can vary, but companies like Progressive, State Farm, and USAA are often recommended for their comprehensive coverage options and customer satisfaction.
What color car is the most expensive to insure for Ford Shelby GT500?
For a Ford Shelby, flashy colors like red or yellow may be more expensive to insure due to perceptions of higher risk and increased likelihood of theft.
Your car insurance rates will likely increase after an at-fault accident, but you can find your cheapest coverage option by using our free quote comparison tool below today.
What age is car insurance most expensive for Ford Shelby GT500?
Car insurance for a Ford Shelby is most expensive for younger drivers, typically those under 25, due to their higher risk of accidents.
Why is my insurance so high for a Ford Shelby GT500?
Insurance rates are high for a Ford Shelby because it is considered a high-performance sports car, which is associated with higher speeds, increased risk of accidents, and expensive repairs.
Is full coverage worth it on a Ford Shelby GT500?
Yes, full coverage is worth it on a Ford Shelby to protect against the high costs of damage repairs or replacement, especially given the vehicle’s value and performance capabilities.
Learn more by reading our guide titled “Does car insurance cover non-accident repairs?”
Does credit score affect Ford Shelby GT500 car insurance?
Yes, your credit score can affect your Ford Shelby car insurance rates, with higher scores generally leading to lower premiums due to perceived financial reliability.
What is the cost of owning a Shelby GT500?
The cost of owning a Shelby GT500 extends beyond its purchase price, including insurance, maintenance, and fuel, with insurance premiums often higher due to its high-performance status.
What type of coverage should a person with a Ford Shelby GT500 have?
A person with a Ford Shelby should have comprehensive and collision coverage due to the vehicle’s high value, along with higher liability limits to protect against potential claims in accidents involving such a powerful car.
Need the cheapest car insurance possible? Enter your ZIP code below into our free comparison tool to find the most affordable rates for your vehicle.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
