Trying to find lower insurance rates for your Nissan GT-R? When looking for cheaper insurance, are you frustrated by the wide range of insurance sources in your area? Many other drivers are as well. consumers have so many choices that it can really be a difficult challenge to find better prices.
Some insurers don’t list every discount they offer very clearly, so the list below contains a few of the more well known as well as some of the hidden discounts that you may qualify for. If they aren’t giving you every credit possible, you’re just leaving money on the table.
One thing to note about discounts is that most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think you would end up receiving a 100% discount, nobody gets a free ride. Any qualifying discounts will definitely reduce the amount you pay for coverage.
Companies that may offer these benefits may include but are not limited to:
Before you buy a policy, ask each company which credits you are entitled to. A few discounts might not be offered on policies in your area. To locate insurance companies that provide some of the discounts listed above, click this link.
When buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.
Here are some questions about coverages that might point out whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form.
Companies like GEICO, State Farm and Progressive regularly use television, radio, and online ads. They all seem to advertise the message that people will save if you change your policy. It sounds good, but how can they all charge you a lower premium? It’s all in the numbers.
Auto insurance companies have underwriting criteria for the type of driver that will generate a profit. A good example of a preferred risk may be married and over the age of 30, has a low-risk occupation, and drives a vehicle with a low ISO rating. Any customer that fits those parameters receives the best car insurance rates and will save when switching.
Consumers who fall outside those standards may be required to pay a higher premium and this can result in the driver buying from a lower-cost company. If you listen to the ad wording, they say “people who switch” not “everyone that quotes” save that much. That is how companies can make claims that they all have the best rates.
This emphasizes why you should get as many free insurance coverage quotes as possible. It’s just too difficult to predict which auto insurance company will give you lower prices than your current company.
Having a good grasp of your policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like hospital visits, EMT expenses, surgery, doctor visits and nursing services. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your Nissan GT-R.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are similar to your liability insurance amounts.
Collision – Collision coverage will pay to fix damage to your GT-R resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers things like driving through your garage door, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.
Auto liability – This coverage protects you from damages or injuries you inflict on other people or property. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as legal defense fees, attorney fees and court costs. How much liability coverage do you need? That is your choice, but buy higher limits if possible.
Comprehensive auto coverage – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like fire damage, hail damage, damage from a tornado or hurricane, vandalism and falling objects. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
As you shop your coverage around, never skimp on critical coverages to save a buck or two. In many instances, an insured dropped collision coverage and found out when filing a claim that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.
Drivers switch companies for a variety of reasons including unfair underwriting practices, delays in paying claims, lack of trust in their agent or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a new company can be pretty painless.
Affordable 2016 Nissan GT-R insurance can be sourced both online in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who may not provide rates over the internet and these regional insurance providers only sell through independent insurance agencies.