Do you want to save money by buying low-cost Ford GT insurance in Madison? Feel like you're a prisoner to overpriced Ford GT insurance in Madison? Believe me, you're not alone.
We don't have to point out that fact that auto insurance companies don't want you shop around. Drivers who shop rates annually are highly likely to switch companies because there is a good chance of finding lower rate quotes. A recent survey found that drivers who routinely compared rates saved over $865 annually compared to those who never compared other company's rates.
If finding budget-friendly rates on auto insurance in Madison is your ultimate goal, then having a grasp of how to find companies and compare insurance can make it easier to find better rates.
Lots of auto insurance companies contend for your business, so it can be very hard to choose a insurer to get the lowest cost out there.
You need to compare prices at least once a year because car insurance prices are usually higher with each renewal. Despite the fact that you may have had the best rates on Ford GT insurance in Madison six months ago you will most likely find a better premium rate today. Block out anything you think you know about car insurance because you're about to learn the best way to save on car insurance.
If you're already insured, you will surely be able to get lower rates using the concepts covered in this article. Finding the cheapest insurance coverage in Madison is really quite easy. But Wisconsin car owners must learn the methods companies use to determine premium rates and use it to your advantage.
Cheap companies for Ford GT insurance
The following companies offer price quotes in Madison, WI. If your goal is to find the cheapest auto insurance in Madison, WI, we suggest you visit two to three different companies in order to find the most affordable rates.
Companies offer money-saving discounts on Ford GT insurance in Madison
Some insurers don't necessarily list all their discounts in a way that's easy to find, so the list below contains both the well known and also the more inconspicuous discounts you could be receiving when you buy Madison car insurance online. If you do not double check each discount available, you're just leaving money on the table.
- Pay Now and Pay Less - If you pay your entire premium ahead of time as opposed to paying monthly you may have a lower total premium amount.
- Save with More Vehicles Insured - Buying coverage for multiple cars on one policy qualifies for this discount.
- No Claims - Good drivers with no accidents get the best car insurance rates as compared to policyholders that have many claims.
- Defensive Driver Discounts - Completing a safe driver course is a good idea and can lower rates and easily pay for the cost of the class.
- Early Signing - Some larger companies give discounts for switching policies before your current GT insurance policy expires. It's a savings of about 10%.
- Membership in Organizations - Participating in a professional or civic organization can get you a small discount on your next renewal.
- Waiver for an Accident - Not a discount per se, but a handful of insurance companies will allow you to have one accident before raising your premiums if you have no claims before the accident.
- Anti-lock Brake System - Vehicles that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
Discounts lower rates, but most of the big mark downs will not be given to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. Despite the appearance that having all the discounts means you get insurance for free, insurance companies wouldn't stay in business.
Insurance companies that possibly offer these money-saving discounts include:
Check with every company to give you their best rates. All car insurance discounts may not be offered in Madison. To locate insurers offering car insurance discounts in Wisconsin, click here.
You may need specialized auto insurance coverage
Always keep in mind that when comparing coverage online or from an agent, there isn't really a one size fits all plan. Everyone's situation is a little different and your policy should reflect that. Here are some questions about coverages that could help you determine whether your personal situation might need an agent's assistance.
- What is an adequate liability insurance limit?
- Does coverage extend to a rental car in a foreign country?
- Who sells insurance for high-risk drivers?
- What is GAP insurance?
- Should I rate my vehicle as business use?
- When does my teenage driver need to be added to my policy?
- Do I need PIP coverage since I have good health insurance?
- Are my friends covered when driving my Ford GT?
- When do I need to add a new car to my policy?
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, fill out this quick form or you can also visit this page to select a carrier
Compare rate quotes but still have a local Madison insurance agency
Some people would rather buy from a local agent and that is just fine! A nice benefit of comparing insurance prices online is you may find lower rates and still have an agent to talk to. And supporting small agencies is especially important in Madison.
To find an agent, once you fill out this quick form, your insurance coverage information is immediately sent to insurance agents in Madison who will gladly provide quotes for your coverage. It simplifies rate comparisons since you won't have to find an agent because quoted prices will be sent to you. You can find better rates without a big time investment. In the event you want to get a rate quote from one company in particular, you just need to jump over to their website and fill out their quote form.
When finding a reliable insurance agent, there are a couple of different agency structures to choose from. Insurance agencies can be described as either independent or exclusive depending on the company they work for.
Independent Insurance Agents
Independent agencies are not employed by any specific company and that is an advantage because they can write policies with a variety of different insurance companies and find you the best rates. If they quote lower rates, an independent agent can move your coverage and that require little work on your part. If you are comparing insurance prices, we highly recommend that you get some free quotes from at least one independent agent for the best price selection.
The following is a partial list of independent agents in Madison that can give you free insurance quotes.
Agents that elect to be exclusive can only provide one company's prices such as State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot compare rates from other companies so always compare other rates. Exclusive agents are well schooled on what they offer which can be an advantage.
Shown below is a short list of exclusive insurance agents in Madison willing to provide price quote information.
American Family Insurance - Vicki Wagener Agency LLC
1633 Thierer Rd - Madison, WI 53704 - (608) 249-2184 - View Map
Deciding on an insurance agency should include more criteria than just the price. The questions below may impact your decision as well.
- What companies can they write with?
- How often do they review policy coverages?
- Does the agent help file claims?
- Is insurance their full-time profession?
- What insurance company do they write the most business with?
- Did they already check your driving record and credit reports?
Specific coverages for a Ford GT
Knowing the specifics of your car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages found on most car insurance policies.
Insurance for medical payments
Med pay and PIP coverage provide coverage for immediate expenses such as dental work, funeral costs and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like theft, falling objects, a broken windshield, a tree branch falling on your vehicle and hail damage. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.
Liability coverage provides protection from damages or injuries you inflict on a person or their property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/10 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for claims such as repair costs for stationary objects, funeral expenses, legal defense fees, medical expenses and court costs. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford. Wisconsin state law requires minimum liability limits of 25/50/10 but you should think about purchasing more liability than the minimum.
The illustration below demonstrates why buying minimum limits may not provide you with enough coverage.
Collision insurance will pay to fix damage to your GT from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as crashing into a building, rolling your car, sideswiping another vehicle, damaging your car on a curb and backing into a parked car. This coverage can be expensive, so consider removing coverage from lower value vehicles. It's also possible to raise the deductible on your GT in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as damage to your Ford GT.
Since many Wisconsin drivers have only the minimum liability required by law (which is 25/50/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liability limits.
Don't give up on affordable rates
When getting Madison car insurance quotes online, do not buy poor coverage just to save money. In many cases, drivers have reduced full coverage and learned later that it was a big error on their part. Your aim should be to buy the best coverage you can find for the lowest price while still protecting your assets.
We covered many ways to find cheap Ford GT insurance in Madison. The key thing to remember is the more price quotes you have, the better likelihood of getting low cost Madison car insurance quotes. You may even be surprised to find that the lowest auto insurance rates come from some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.
How to buy affordable Ford GT insurance in Madison
The best way to get the cheapest Ford GT insurance is to begin comparing prices regularly from different companies who sell insurance in Madison. Price quotes can be compared by following these guidelines.
- Step 1: Try to understand individual coverages and the factors you can control to keep rates in check. Many rating criteria that are responsible for high rates such as getting speeding tickets and a not-so-good credit score can be eliminated by making minor changes in your lifestyle.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or State Farm, while agents who are independent can provide price quotes from multiple insurance companies.
- Step 3: Compare the price quotes to your existing coverage and see if you can save money. If you can save money, verify that coverage does not lapse between policies.
- Step 4: Notify your company or agent to cancel the current policy. Submit a down payment along with a signed application to your new carrier. As soon as you can, place the new certificate verifying proof of insurance with your registration paperwork.
The most important part of this process is to compare the same coverage limits and deductibles on each quote request and and to get quotes from as many companies as feasibly possible. Doing this provides the most accurate price comparison and and a good selection of different prices.
Additional detailed information is available at these sites:
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has Cheap Madison Auto Insurance Rates for a 20 Year Old Female? (FAQ)
- Who Has Cheap Car Insurance for a Chevrolet Silverado in Madison? (FAQ)
- Who Has Cheap Madison Auto Insurance for a Ford Explorer? (FAQ)
- Who Has Affordable Madison Car Insurance Rates for High Mileage Drivers? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)