If your goal is the lowest price, then the best way to get discount car insurance rates is to start comparing rates regularly from insurers in Detroit. Rates can be compared by completing these steps.
- Read about the coverage provided by your policy and the measures you can control to prevent high rates. Many risk factors that cause rate increases like getting speeding tickets and poor credit history can be eliminated by paying attention to minor details.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO and State Farm, while independent agents can quote rates for a wide range of insurance providers. Start a quote
- Compare the new quotes to your existing policy to see if cheaper GT coverage is available in Detroit. If you can save some money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
One bit of advice is to make sure you’re comparing the same liability limits and deductibles on every quote and and to get price quotes from all possible companies. This guarantees an apples-to-apples comparison and the most accurate and complete price analysis.
Amazingly, a large majority of drivers have remained with the same insurance company for at least four years, and just under half have never compared rates with other companies. Detroit insurance shoppers can cut their rates by up to $3,836 a year just by getting comparison quotes, but they don’t want to spend time to compare rates online.
How to lower your Ford GT insurance cost in Detroit, MI
All the larger car insurance companies allow consumers to get prices for coverage from their websites. Doing online price comparisons for Ford GT insurance in Detroit is fairly simple as you simply type in the amount of coverage you want on the page. After you submit the form the system requests your credit score and driving record and quotes a price based on these and other factors. Using the web to get quotes for Ford GT insurance in Detroit makes it simple to compare prices and it’s absolutely necessary to get many rate quotes if you are searching for affordable prices.
In order to compare rates now, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you type in the limits and deductibles as shown on your current policy. This way, you’re receiving rate quotes based on the exact same insurance coverage.
The companies shown below can provide free rate quotes in Michigan. If you wish to find cheap auto insurance in Michigan, it’s highly recommended you visit two to three different companies to get the best price comparison.
Auto insurance just makes sense
Even though it can be expensive, insuring your vehicle is not optional due to several reasons.
- Just about all states have minimum liability requirements which means you are required to buy a specific level of liability protection in order to get the vehicle licensed. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your GT, almost every bank will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may insure your Ford at a much higher rate and require you to fork over for it.
- Insurance protects both your assets and your Ford. Insurance will pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of buying auto insurance outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $750 every year so smart consumers compare quotes every year to help ensure money is not being wasted.
When should I discuss my situation with an agent?
Keep in mind that when it comes to choosing insurance from an agent or online for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.
These are some specific questions may help highlight if you would benefit from an agent’s advice.
- Is water damage covered by my policy?
- Is my state a no-fault state?
- Should I rate my Ford GT as pleasure use or commute?
- Do I really need UM/UIM coverage?
- Does my liability insurance cover pulling a trailer or camper?
- Am I covered if I hit my neighbor’s mailbox?
- Do I have coverage for damage caused while driving under the influence?
- Will I lose any money if I cancel my policy before it expires?
- How long can I keep a teen driver on my policy?
If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form.
Parts of your auto insurance policy
Learning about specific coverages of a auto insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.
Auto liability
Liability coverage will cover damages or injuries you inflict on a person or their property by causing an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 20/40/10 which stand for a limit of $20,000 per injured person, a limit of $40,000 in injury protection per accident, and $10,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for things such as medical services, medical expenses, pain and suffering and repair bills for other people’s vehicles. How much coverage you buy is your choice, but buy as high a limit as you can afford. Michigan requires minimum liability limits of 20/40/10 but it’s recommended drivers buy more coverage.
The next chart shows why buying low liability limits may not provide you with enough coverage.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for immediate expenses for dental work, prosthetic devices and surgery. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
Comprehensive auto coverage
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like vandalism, damage from a tornado or hurricane, theft and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision insurance
This coverage will pay to fix damage to your GT from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision coverage protects against claims like sustaining damage from a pot hole, colliding with a tree, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible on your GT in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Ford GT.
Because many people carry very low liability coverage limits (which is 20/40/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Smart shoppers get results
We just showed you many tips how you can get a better price on Ford GT insurance in Detroit. The key concept to understand is the more times you quote, the better chance you’ll have of finding low cost Detroit auto insurance quotes. Consumers may even find the most savings is with the smaller companies.
When searching for inexpensive Detroit auto insurance quotes, do not buy poor coverage just to save money. In too many instances, an insured cut physical damage coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.
Budget-conscious Ford GT insurance can be purchased on the web and from local agencies, so get free Detroit auto insurance quotes from both of them in order to have the best chance of saving money. Some insurance companies don’t offer price quotes online and usually these small, regional companies provide coverage only through independent agents.
More tips and info about auto insurance is available in the articles below:
- Red Light Cameras (State Farm)
- Who Has the Cheapest Car Insurance Quotes for Low Income Drivers in Detroit? (FAQ)
- How Much are Auto Insurance Quotes for a Chevrolet Silverado in Detroit? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Good Students in Detroit? (FAQ)
- Collision Insurance Coverage (Nationwide)
- Should I Buy a New or Used Car? (Allstate)
- Rental Reimbursement Coverage (Allstate)