2016 Nissan GT-R Insurance Cost

Searching for better insurance rates for your Nissan GT-R? Scraping up a payment for overpriced Nissan GT-R insurance can drain your personal savings, especially in this economy. Comparison shopping is a smart way to cut your insurance bill. Big companies like State Farm, Farmers Insurance, Geico and Allstate all claim big savings with TV and radio ads and it is difficult to ignore the propoganda and take the time to shop coverage around.

It’s smart to compare prices periodically since rates fluctuate regularly. Just because you found the lowest rates on GT-R insurance a year ago there is a good chance you can find better rates now. Forget all the misinformation about insurance because you’re about to find out the quickest way to find better coverage at a better price.

If you have a current auto insurance policy or need a new policy, you can follow these tips to shop for the lowest rates and possibly find even better coverage. Buying car insurance is not that difficult. Consumers just need to know the proper methods to find the lowest price over the internet.

Auto Insurance Quote Comparison

Performing a rate comparison can take hours if you aren’t aware of the best way to get rate quotes. You can waste a lot of time driving to insurance companies in your area, or you can stay home and use online quoting to get pricing more quickly.

Many insurance companies belong to a marketplace where prospective buyers enter their coverage request one time, and each participating company provides a quote based on that information. This eliminates the need for repetitive form submissions for every auto insurance company. To find out how much you can save on auto insurance click here (opens in new window).

The single downside to doing it this way is you cannot specify which carriers to receive prices from. If you wish to select individual companies for rate comparison, we have a listing of companies who write auto insurance in your area. View list of insurance companies.

However you get your quotes, ensure you are comparing apples-to-apples quote information for each price quote. If each company quotes different deductibles it will be impossible to decipher which rate is best.

Cut your premium with discounts

Insuring your fleet can be pricey, buy you may qualify for discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time of quoting, but some must be manually applied prior to getting the savings. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20% or more.
  • Student in College – Children living away from home attending college and don’t have a car may qualify for this discount.
  • Drivers Ed for Students – Have your child take driver’s ed class if it’s offered in school.
  • Paperwork-free – Some insurance companies give back up to $50 for buying your policy over the internet.
  • 55 and Retired – If you’re over the age of 55, you may be able to get a discount up to 10% on GT-R insurance.
  • Low Mileage – Fewer annual miles on your Nissan can qualify you for a substantially lower rate.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more.

A little note about advertised discounts, most discount credits are not given to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way. Any qualifying discounts will cut the cost of coverage.

Companies that may have these money-saving discounts include:

Double check with all companies you are considering which discounts you may be entitled to. Some discounts might not be offered in your area.

What determines your Nissan GT-R insurance premium

It’s important that you understand the different types of things that go into determining your insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that could result in big savings.

  • You might want pay the small claims yourself – If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance companies generally give better rates to drivers who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of larger claims.
  • Your credit rating is important – Credit history is a large factor in your rate calculation. Therefore, if your credit history is not that good, you could be paying less to insure your 2016 Nissan GT-R by repairing your credit. People with excellent credit tend to be more responsible than those with lower credit scores.
  • Liability coverage is cheap – Your policy’s liability coverage provides coverage if ever you are found liable for damages caused by your negligence. Liability insurance provides you with a defense in court up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Do you work long hours in a high stress job? – Occupations like judges, executives and dentists tend to have the highest average rates due to stressful work requirements and long work hours. Other occupations such as scientists, historians and the unemployed receive lower rates on GT-R insurance.

What is the best insurance coverage?

When buying proper insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions might help in determining whether your personal situation might need an agent’s assistance.

  • Do I have newly-aquired coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Do I need more liability coverage?
  • At what point should I drop full coverage?
  • Is my cargo covered for damage or theft?
  • Do I need PIP coverage since I have good health insurance?
  • Can I afford low physical damage deductibles?
  • How do I buy GAP insurance?
  • Does my 2016 Nissan GT-R qualify for pleasure use?
  • Am I covered when pulling a rental trailer?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.

Don’t believe everything you hear

Drivers can’t get away from ads for the lowest price auto insurance by companies like Allstate and Progressive. They all seem to have a common claim about savings if you move to them.

How can each company say the same thing? This is how they do it.

Insurance companies have a preferred profile for the driver that is profitable for them. A good example of a profitable customer might be profiled as between the ages of 30 and 50, a clean driving record, and drives less than 10,000 miles a year. Any new insured who fits that profile is entitled to the best price and therefore will cut their rates substantially.

Potential insureds who are not a match for the “perfect” profile must pay higher rates and ends up with business going elsewhere. The ads say “customers that switch” not “people who quote” save money. That’s why companies can advertise the way they do.

This illustrates why it’s extremely important to get a wide range of price quotes. It is impossible to predict which company will give you the biggest savings on Nissan GT-R insurance.

Parts of your auto insurance policy

Having a good grasp of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by auto insurance companies.

Collision – Collision coverage pays for damage to your GT-R resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like rolling your car, hitting a mailbox, sustaining damage from a pot hole, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Nissan GT-R.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, damage from a tornado or hurricane, damage from flooding, hitting a bird and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance – Liability insurance provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

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. As an example, you may have limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as pain and suffering, attorney fees and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for rehabilitation expenses, hospital visits and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Shop around and save

As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where an insured dropped liability limits or collision coverage only to find out that they should have had better coverage. Your goal should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

We covered a lot of ways to reduce 2016 Nissan GT-R insurance prices online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Drivers may discover the best prices are with a small local company. These companies may have significantly lower rates on certain market segments than their larger competitors like Allstate, Geico and Progressive.

Cost effective insurance can be found from both online companies in addition to many insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

Additional information