To save the most money, the best way to get budget car insurance rates is to start comparing rates regularly from insurers in Oakland.
- Step 1: Spend some time learning about how companies price auto insurance and the things you can control to keep rates in check. Many risk factors that cause high rates like getting speeding tickets and an imperfect credit score can be controlled by making minor changes in your lifestyle. This article provides tips to get affordable coverage and find available discounts that you may qualify for.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while agents who are independent can quote rates from many different companies.
- Step 3: Compare the new rates to your current policy and determine if cheaper GT-R coverage is available. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
An important bit of advice to remember is that you use identical limits and deductibles on each quote request and and to get rates from as many different companies as possible. This enables the most accurate price comparison and a thorough price selection.
Everyone knows that insurance companies don’t want you to look for a cheaper policy. People who get comparison quotes once a year will probably switch to a new company because they have good chances of finding lower prices. Surprisingly, a recent survey revealed that consumers who shopped around annually saved as much as $3,400 over four years compared to policyholders who never shopped around.
If finding the cheapest price for Nissan GT-R insurance is the reason you’re reading this, knowing the best way to compare car insurance can make it easier for you to save money.
Statistics and details
The data table displayed below highlights detailed analysis of coverage costs for Nissan GT-R models. Being more informed about how insurance premiums are figured can help you make smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|GT-R Premium AWD 2-Dr||$510||$1096||$386||$22||$116||$2,130||$178|
|GT-R AWD 2-Dr||$510||$1096||$386||$22||$116||$2,130||$178|
|Get Your Own Custom Quote Go|
Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium costs do not factor in garaging location in Oakland which can lower or raise premium rates considerably.
The chart below demonstrates how deductible levels and can influence Nissan GT-R insurance premiums for different age groups of insureds. Data assumes a married female driver, full physical damage coverage, and no policy discounts are applied.
How Insurance Providers Calculate Nissan GT-R Insurance Prices
Many factors are part of the equation when pricing auto insurance. Most are fairly basic like your driving record, but other criteria are less obvious like where you live and annual miles driven. When buying auto insurance it’s important to understand the rating factors that play a part in calculating the price you pay for auto insurance. If you know what determines base rates, this helps enable you to make changes that could help you find lower rates.
Responsible credit equals lower prices – Having a bad credit history will be a significant factor in calculating your premium rate. Insureds that have high credit scores tend to be more responsible than drivers who have lower ratings. If your credit rating leaves room for improvement, you could pay less to insure your Nissan GT-R if you improve your credit rating.
Alarm systems lower prices – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft and help bring rates down.
Where you reside is a factor – Having an address in a rural area can save you money when it comes to auto insurance. Fewer drivers means a lower chance of having an accident. City drivers have to deal with traffic congestion and longer commute times. Higher commute times means more chances of being involved in an auto accident.
Always keep your auto insurance in force – Allowing your coverage to lapse can be a sure-fire way to increase your auto insurance rates. Not only will you pay higher rates, being ticketed for driving with no insurance can result in a steep fine or even jail time.
Women tend to cost less – Statistics have proven that females tend to be a little less risky than males. That doesn’t necessarily mean that females are better at driving than males. Males and females cause auto accidents in similar percentages, but guys cause more damage. Not only are claims higher, but men get ticketed for serious violations such as reckless driving. Male teenagers are most likely to cause an accident so it costs more to insure them.
The illustration below compares Nissan GT-R car insurance costs for male and female drivers. The information is based on a clean driving record, no claims, comp and collision included, $100 deductibles, single status, and no discounts are applied to the premium.
Pay less with a high NHTSA crash test rating – Vehicles with good safety scores cost less to insure. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries means less money paid by your insurance company passed on to you as lower rates. If your Nissan GT-R is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
Do you know your deductibles? – Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Nissan. Examples of some claims that would be covered could be colliding with a building, vandalism, and windstorm damage. Your deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The larger the amount you pay before a claim is paid (deductible), the less your auto insurance will be.
Claims statistics for a Nissan GT-R – Insurance companies factor in insurance loss information when they file their rates in each state. Models that are shown to have higher losses will have increased rates.
The data below shows the historical loss data for Nissan GT-R vehicles. For each type of coverage, the claim probability for all vehicles compiled together is set at 100. Values that are 100 or less indicate a favorable loss history, while numbers that are greater than 100 indicate more frequent claims or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan GT-R 2dr 4WD||373||82||317|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
When shopping online for car insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced liability coverage limits only to find out they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.
In this article, we covered some good ideas how you can find cheap Nissan GT-R insurance in Oakland. The key concept to understand is the more times you quote, the better chance you’ll have of finding the cheapest Nissan GT-R rate quotes. You may even be surprised to find that the lowest prices come from a lesser-known regional company. Regional companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
Other learning opportunities
- Teen Driving Statistics (iihs.org)
- Who Has the Cheapest Oakland Auto Insurance Quotes for Ride Shares? (FAQ)
- Who Has the Cheapest Oakland Auto Insurance for Welfare Recipients? (FAQ)
- Who Has Cheap Oakland Car Insurance for Single Moms? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Oakland? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Toyota 4Runner in Oakland? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Understanding Car Crashes Video (iihs.org)