dsc28 Posted June 13, 2010 Report Share Posted June 13, 2010 Supposed to pick up my 11sgt tomorrow anybody get insurance prices or even ballpark figures. I have a feeling it will be really high. Link to comment Share on other sites More sharing options...
tpenziner Posted June 13, 2010 Report Share Posted June 13, 2010 Supposed to pick up my 11sgt tomorrow anybody get insurance prices or even ballpark figures. I have a feeling it will be really high. Here in MA it's around $900 year "1500 for 2 cars" and I have a perfect driving record I'm sure it's going to vary depending on your age, location and driving history. Link to comment Share on other sites More sharing options...
Baby Gorilla Posted June 14, 2010 Report Share Posted June 14, 2010 Mine is $786.00 per year. I am 40 years old and have had many speeding tickets but nothing else. Interestingly, the premium on my 2008 Mercedes-Benz C350 is $1,030.00!! Link to comment Share on other sites More sharing options...
Burning Blue Star IV Posted June 14, 2010 Report Share Posted June 14, 2010 About $1000 a year for me. Clear record of driving. Link to comment Share on other sites More sharing options...
kpevin Posted June 14, 2010 Report Share Posted June 14, 2010 20 year accident free (I'm 46), two other cars and homeowner with state farm, 6000 miles a year pleasure use only - 522.00 a year 250/250 deductable. That varies greatly depending where you live of course, if I lived 25 miles south of here it would be almost double that. Link to comment Share on other sites More sharing options...
John Allen Posted June 14, 2010 Report Share Posted June 14, 2010 The nice thing about the GT 500, when an insurance company runs the Vin# to get the rate scale, it just shows up as a "Mustang". So no premium increases for a high performance car like other models. :happy feet: Link to comment Share on other sites More sharing options...
Cobra1832 Posted June 14, 2010 Report Share Posted June 14, 2010 About $780 here in Ma. For comparisons sake, my 2010 Merc E350 and 2008 Merc GL450 are about $679 each a year. Mike Link to comment Share on other sites More sharing options...
Ezareth Posted June 14, 2010 Report Share Posted June 14, 2010 Mine is $680/year at 7,500/year rate. 30 years old with no speeding tickets in the past 4 years. The Convertible rate was a bit higher($160/year) more than the coupe. Link to comment Share on other sites More sharing options...
OneTrickPony Posted June 14, 2010 Report Share Posted June 14, 2010 You might be surprised, my 2010 GT500 was cheaper to insure than my 2007 Shelby GT. Everything remained the same, just changed cars. I couldn't believe it myself. It was the same thing when I traded our 2007 loaded Subaru Tribeca SUV for our 2009 F-150 Platinum which was approx 15k more in value, the insurance was less. I expected more $$$ each time. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted June 14, 2010 Report Share Posted June 14, 2010 You might be surprised, my 2010 GT500 was cheaper to insure than my 2007 Shelby GT. The 2010 has a 5-star crash rating. The fist Mustang to get 5 stars. Phill Link to comment Share on other sites More sharing options...
jsarkis Posted June 14, 2010 Report Share Posted June 14, 2010 As my 2nd car, I pay about $560.00 a year for the Shelby, and 1-2 hundred more for my work truck. I don't have a clean driving record by far, but I do defensive driving every 3 years and turn that receipt in to my insurance USAA for a 10% deduct. Link to comment Share on other sites More sharing options...
VegasMichael Posted June 14, 2010 Report Share Posted June 14, 2010 The nice thing about the GT 500, when an insurance company runs the Vin# to get the rate scale, it just shows up as a "Mustang". So no premium increases for a high performance car like other models. :happy feet: I'd be careful of this though. Through my insurer, Progressive, when obtaining a quote through their online service it has GT500 as a specific vehicle. I don't argue with what you said but my fear would be that if you don't tell them it's a gt500 and you have to make a claim down the line and they come out to look at the car and see it's not a plain Mustang but a gt500 they might refuse to cover it. But for me, a gt500 ran an extra 560 dollars per year with less than 6k allowed per annum. Link to comment Share on other sites More sharing options...
kpevin Posted June 14, 2010 Report Share Posted June 14, 2010 The nice thing about the GT 500, when an insurance company runs the Vin# to get the rate scale, it just shows up as a "Mustang". So no premium increases for a high performance car like other models. :happy feet: When State Farm ran the VIN on mine over the phone it came up as a GT500 convertible, I assume something in the VIN denotes GT500. If not they are very good guessers considering they never seen the car. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted June 14, 2010 Report Share Posted June 14, 2010 When State Farm ran the VIN on mine over the phone it came up as a GT500 convertible, I assume something in the VIN denotes GT500. If not they are very good guessers considering they never seen the car. When I got a quote from Geico it asked for the VIN and it came back as a MUSTANG, not a GT500. If you give them the VIN and get in a wreck, they can't claim they didn't know it was a GT500 or something like that. The VIN is the VIN and they charge by that. Phill Link to comment Share on other sites More sharing options...
F150 Duke Posted June 14, 2010 Report Share Posted June 14, 2010 The nice thing about the GT 500, when an insurance company runs the Vin# to get the rate scale, it just shows up as a "Mustang". So no premium increases for a high performance car like other models. :happy feet: That is really odd. Because everywhere I am calling today for quotes is saying the VIN is telling them its a high performance car, so there is a premium increase. All my quotes are around $150 per month, $1,800 for the year. 27 years old living in Minneapolis, Minnesota. Mostly clean record with two speeding tickets that are over a year old. Link to comment Share on other sites More sharing options...
VegasMichael Posted June 14, 2010 Report Share Posted June 14, 2010 When I got a quote from Geico it asked for the VIN and it came back as a MUSTANG, not a GT500. If you give them the VIN and get in a wreck, they can't claim they didn't know it was a GT500 or something like that. The VIN is the VIN and they charge by that. Phill But don't you find it odd that other insurers are receiving the VIN and noting it's a gt500? I'd be careful. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted June 14, 2010 Report Share Posted June 14, 2010 That is really odd. Because everywhere I am calling today for quotes is saying the VIN is telling them its a high performance car, so there is a premium increase. All my quotes are around $150 per month, $1,800 for the year. 27 years old living in Minneapolis, Minnesota. Mostly clean record with two speeding tickets that are over a year old. I think mine is only $400 a year. Maybe that's every 6 mos, I'll have to check. And that's for full coverage (100/100/300) with a $1000 deductable, multi car discount, 54 years old, married, clean driving record and been drivnig since I was 16. And they have my wife as a driver even though she can't drive a stick (nor will I let her drive my Shelby). I was surprised it was that low. And the difference between a low ($250-$500) deductable and the $1000 I carry isn't that much....until you add it up and spread it over 6 vehicles (which is why I go with $1K vs $250 or $500). Oh yeah, I declined Road Service on the Shelby (it comes with it from Ford) but I have it on my other cars (GMC pick-up and MBZ ML-320 SUV)...and I think I have it on both of my Harley-Davidson's too (but I *might* not have it on the H-D's). And just FYI, they don't count my Motorcycles as "vehicles" when I get my multi vehicle discount. They are both on a different policy with each other so it's just my cars/truck. Phill Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted June 14, 2010 Report Share Posted June 14, 2010 But don't you find it odd that other insurers are receiving the VIN and noting it's a gt500? I'd be careful. It's easy enough to check, I can just call my agent. I'm thinkin' about changing Ins. Co.'s anyway. The put the screws to me on my Harley's. If I want $300K UM, it's something like $600 a year MORE. Right now I only have $25K UM and you can eat that up with the ambulance ride to the hospital...and if you get in a accident on a MC, you WILL get hurt. Not much doubt about that. It's only a matter of HOW hurt you get so I'm hesitant to ride too much around here. With the weather bad for 6-8 mos out of the year, I don't ride nearly as much as I did when I lived in Cali anyway. Still....time to look around for Ins. I feel comfortable with. Thanks for the concern, Phill Link to comment Share on other sites More sharing options...
kpevin Posted June 14, 2010 Report Share Posted June 14, 2010 That is really odd. Because everywhere I am calling today for quotes is saying the VIN is telling them its a high performance car, so there is a premium increase. All my quotes are around $150 per month, $1,800 for the year. 27 years old living in Minneapolis, Minnesota. Mostly clean record with two speeding tickets that are over a year old. They can tell right away by the engine code in the VIN, no other mstang comes with a 5.4. If you give them the VIN then they should know what car it is just by the engine alone.. Link to comment Share on other sites More sharing options...
RazorbackMustang Posted June 14, 2010 Report Share Posted June 14, 2010 $580/6 months. $500 deductibles, no mileage limit. 29 yo, married, clean record. That's without a homeowner's discount also. It should go down once we buy the house we're living in. Link to comment Share on other sites More sharing options...
F150 Duke Posted June 14, 2010 Report Share Posted June 14, 2010 Yeah I had my agent run another report for insurance during April - November and then limited insurance during storage months. It won't be driven then anyway b/c of the snow and freezing temperatures. That quote went to $50/mth or $600/yr. Link to comment Share on other sites More sharing options...
tturner770 Posted June 14, 2010 Report Share Posted June 14, 2010 I received my GT500 production certificate from Ford Performance Group and SVT last Friday. Included is a 2010 / 2011 Shelby GT500 VIN Decoder sheet. According to the sheet, "P8J" denotes a Shelby GT500 coupe and "P8K" denotes a Shelby GT500 convertible. Also, the letter "S" after that grouping denotes the 5.4L SC DOHC V-8. Therefore, the VIN number definitely states what kind of car it is. I'm insured with State Farm also. I got a quote from my agent before I bought the car, then set up the insurance coverage before I took possession of the car. When they typed up my temporary "proof of insurance" card, it stated that the car was a "2010 Shelby GT500". When I received my official proof of insurance card about a week later in the mail, it said the car is a 2010 Ford Mustang (I verified that the VIN was correct.) I keep the temporary card in a safe just in case I have to prove someday that I told the insurance company that its a Shelby. When I got the car about 6 months ago, I was quoted $840 per year for full coverage. I'm 47, single and have no tickets, etc. I also have 3 other vehicles and my house insured with them, so I get a discount for all that. Just this month, I got a note from the insurance company that there had been a rate change on my car. It actually went down $60 per year! So now I'm paying $780 per year. Aside from possibly classifying the car differently because of performance, my insurance agent told me that they determine the rates based on how much money they have to pay out on claims on each make and model of vehicle (along with engine size, age & driving history of driver(s), etc.) I guess this means they haven't had to pay out much to repair GT500s yet. Link to comment Share on other sites More sharing options...
Tob Posted June 14, 2010 Report Share Posted June 14, 2010 The 2010 has a 5-star crash rating. The fist Mustang to get 5 stars. Phill Not so sure about that. http://www.nextautos.com/car-buying/2008-ford-mustang-convertible-given-a-five-star-crash-rating Link to comment Share on other sites More sharing options...
KEYSTONE Posted June 15, 2010 Report Share Posted June 15, 2010 I received my GT500 production certificate from Ford Performance Group and SVT last Friday. Included is a 2010 / 2011 Shelby GT500 VIN Decoder sheet. According to the sheet, "P8J" denotes a Shelby GT500 coupe and "P8K" denotes a Shelby GT500 convertible. Also, the letter "S" after that grouping denotes the 5.4L SC DOHC V-8. Therefore, the VIN number definitely states what kind of car it is. I'm insured with State Farm also. I got a quote from my agent before I bought the car, then set up the insurance coverage before I took possession of the car. When they typed up my temporary "proof of insurance" card, it stated that the car was a "2010 Shelby GT500". When I received my official proof of insurance card about a week later in the mail, it said the car is a 2010 Ford Mustang (I verified that the VIN was correct.) I keep the temporary card in a safe just in case I have to prove someday that I told the insurance company that its a Shelby. When I got the car about 6 months ago, I was quoted $840 per year for full coverage. I'm 47, single and have no tickets, etc. I also have 3 other vehicles and my house insured with them, so I get a discount for all that. Just this month, I got a note from the insurance company that there had been a rate change on my car. It actually went down $60 per year! So now I'm paying $780 per year. Aside from possibly classifying the car differently because of performance, my insurance agent told me that they determine the rates based on how much money they have to pay out on claims on each make and model of vehicle (along with engine size, age & driving history of driver(s), etc.) I guess this means they haven't had to pay out much to repair GT500s yet. State Farm customer here too, got about the same rate (It was $350 per 6 months) as I have three cars and my homeowners with them, and I'm married. Also got a "permanent" card that said Mustang, though they know it's a Shelby via the VIN. I traded in my 2002 Z06 Corvette and the insurance price for going from the Z06 to the GT500 made the price go up exactly $8 per month, though the Shelby is worth twice what the Corvette was. As my agent told me, most of the premium covers the personal injury liability. Repairing/totalling the car is chicken feed to an insurer. If you slam into someone and injure them, the fact that you hit them with a 2011 Shelby or a 1990 Corolla makes little difference in the resulting multi-hundreds-of-thousand dollar lawsuit...... Link to comment Share on other sites More sharing options...
John Allen Posted June 15, 2010 Report Share Posted June 15, 2010 They can tell right away by the engine code in the VIN, no other mstang comes with a 5.4. If you give them the VIN then they should know what car it is just by the engine alone.. Yes I know, but my point is the system just rates it as a normal 2 door sport sedan and doesn't see it as a "high performance" vehicle. Two different company agents told me the same thing when I questioned them about a performance car. That is also evident by the low rates your seeing here. Link to comment Share on other sites More sharing options...
QUIKSVT Posted June 15, 2010 Report Share Posted June 15, 2010 I was just quoted $1,000/yr by state farm. 32yrs old, no accidents, no tickets. Link to comment Share on other sites More sharing options...
KEYSTONE Posted June 15, 2010 Report Share Posted June 15, 2010 I was just quoted $1,000/yr by state farm. 32yrs old, no accidents, no tickets. You need to immediately get married, buy a house and get two additional cars to insure with State Farm. Then you'll REALLY be saving money!! Link to comment Share on other sites More sharing options...
QUIKSVT Posted June 19, 2010 Report Share Posted June 19, 2010 You need to immediately get married, buy a house and get two additional cars to insure with State Farm. Then you'll REALLY be saving money!! haha! Well I have a home, but my daily is a yukon denali in my companies name. As for the marriage thing....I'll gladly pay the higher insurance premium..... Link to comment Share on other sites More sharing options...
John Allen Posted June 20, 2010 Report Share Posted June 20, 2010 Just picked up my 20ll GT 500 SVT. Insurance is $1400 year with a driving record I'm not proud of, (only one point left ), Encompass Insurance. Everyone else was in the $3k to $5k per year. I have to be a good boy behind the wheel for a while. My first day out in the '11: Link to comment Share on other sites More sharing options...
mach1grabberblue Posted June 20, 2010 Report Share Posted June 20, 2010 Hey guys I checked on my new insurance cost and it is 540 for six months through GEICO. I am 46 with a clean record as well as 4 other vehicles on the policy. I did put in the VIN 1ZVBP8JS4B5118431 and when the information came back it says that I have a Mustang 2 Door Coup. More to follow. Link to comment Share on other sites More sharing options...
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