How Much Does 2016 Nissan GT-R Insurance Cost in 2024?

Trying to find lower insurance coverage rates for your Nissan GT-R? Feel like you’re a prisoner to an overpriced insurance coverage policy? Trust us when we tell you many drivers have buyer’s remorse. You have multiple car insurance companies to purchase coverage from, and even though it’s nice to have multiple companies, more choices can make it harder to find the best rates.

It is always a good idea to price shop coverage on a regular basis because insurance coverage prices are adjusted regularly by insurance companies. Even if you got the best rates for GT-R insurance six months ago the chances are good that you can find a lower rate quote today. You can find a lot of information about insurance coverage online but in this article, you’re going to get some guaranteed methods to save money.

Finding the best rates is quite easy. If you have insurance now or are just looking to switch companies, you can use this information to find better prices while maximizing coverage. Drivers only need an understanding of how to compare prices on the web.

Buy auto insurance online

Effectively comparing auto insurance prices can take time and effort if you aren’t aware of the easiest way. You can waste a few hours (or days) talking about coverages with insurance agencies in your area, or you can stay home and use online quotes to get prices fast.

Most major companies participate in an industry program where insurance shoppers submit their information once, and each company provides a quote. This eliminates the need for form submissions for each company. To access this free quoting program, enter your zip code here.

The one disadvantage to pricing coverage this way is that consumers can’t choose the companies to receive prices from. If you prefer to choose specific insurance companies for rate comparison, we have a page of auto insurance companies in your area. Click to enter zip code.

Which method you use is up to you, but be certain you are entering the same coverage information with each company. If each company quotes different liability limits it will be impossible to determine which company has the best rates.

Can you really save that much by switching?

Consumers can’t get away from ads for insurance coverage savings by companies like State Farm and Allstate. All the companies convey the message that you can save after switching your coverage to them.

How is it plausible that every one can claim to save you money? This is the trick they use.

Insurance coverage companies can use profiling for the type of driver that earns them a profit. A good example of this type of driver may need to be between the ages of 40 and 55, owns a home, and drives a safe vehicle. Any new insured that meets those criteria will get the preferred car insurance rates and is almost guaranteed to save some money.

Insureds who don’t meet the requirements may receive higher rates which translates to business not being written. The ads say “customers that switch” not “everyone who quotes” save that much. That’s the way insurance companies can make those claims. Because of this risk profiling, you absolutely need to compare price quotes frequently. Because you never know the company that will fit you best based on your risk profile.

Decisions you make can impact your insurance prices

Many factors are used in the calculation when pricing auto insurance. Some are pretty understandable like an MVR report, but other factors are less apparent like your continuous coverage and annual miles driven.

The list below includes just a few of the factors companies use to determine your prices.

• Lower auto insurance rates with continuous coverage – Having an insurance coverage lapse can be a quick way to drive up your policy premiums. In addition to paying higher premiums, failure to provide proof of insurance could earn you fines and jail time.
• Small claims can cost you – If you file claims often, you should expect higher rates. Companies award the best rates to people who file claims infrequently. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
• Premiums increase with driving tickets – Drivers with clean records pay lower auto insurance prices as compared to careless drivers. Even one ticket could increase your next policy renewal by as much as twenty percent. Drivers unfortunate enough to have careless tickets like DUI or reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
• Are you male or female? – Statistics show females are less aggressive when driving. However, don’t assume that males are worse at driving than females. Females and males cause auto accidents in similar percentages, but the males cause more damage. Not only that, but men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
• Raising physical damage deductibles lowers premiums – The deductibles you choose are the amount of money you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims would be a windshield broken by a bird, damage caused by hail, or theft of your vehicle. The more of the claim you’re willing to pay, the better rate you will receive for GT-R insurance.

More discounts mean cheap premiums

Companies offering auto insurance don’t always advertise every discount they offer very clearly, so the following list contains both the well known and the more hidden savings tricks you should be using when you buy insurance coverage online.

• Save with More Vehicles Insured – Purchasing coverage when you have multiple cars on one policy can reduce the rates for all insured vehicles.
• Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save 10% or more off the PIP or medical payment premium.
• Telematics Data – Policyholders that allow their company to scrutinize driving habits by using a telematics device in their vehicle like Allstate’s Drivewise could save a few bucks if they are good drivers.
• Government Employees – Active or former government employment could cut as much as 10% off for GT-R insurance but check with your company.
• Discount for Home Ownership – Just being a homeowner may trigger a policy discount on auto insurance since home ownership demonstrates responsibility.
• Driver Training Discounts – Passing a defensive driving course can save you 5% or more if your company offers it.

It’s important to note that most credits do not apply to the whole policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

Companies that possibly offer some of the discounts shown above possibly include:

• State Farm
• Farmers Insurance
• Progressive
• GEICO
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

Double check with every prospective company which discounts they offer. All car insurance discounts might not be offered on policies in your area.

It’s not one size fits all

When choosing the right insurance coverage, there is no “perfect” insurance plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that can help discover whether or not you might need professional guidance.

• When should I remove comp and collision on my 2016 Nissan GT-R?
• Which is better, split liability limits or combined limits?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Is rental equipment covered for theft or damage?
• What is an SR-22 filing?
• When would I need rental car insurance?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, fill out your zip code. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance policy specifics

Knowing the specifics of a insurance policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Auto liability – This provides protection from damage or injury you incur to other people or property. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property.

Liability can pay for things like medical services, emergency aid and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a broken windshield, rock chips in glass, damage from a tornado or hurricane, theft and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical costs insurance – Med pay and PIP coverage kick in for expenses for things like X-ray expenses, hospital visits, doctor visits and dental work. They are utilized in addition to your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Nissan GT-R.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision – This covers damage to your GT-R caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like scraping a guard rail, sideswiping another vehicle, damaging your car on a curb, crashing into a building and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Shop around and save

Budget-conscious 2016 Nissan GT-R insurance can be bought from both online companies and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not offer rate quotes online and most of the time these small insurance companies only sell through local independent agencies.

When shopping online for auto insurance, never buy poor coverage just to save money. Too many times, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that it was a big mistake. The proper strategy is to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

You just learned quite a bit of information on how to shop for 2016 Nissan GT-R insurance online. The key concept to understand is the more quotes you get, the better your chances of lowering your prices. Consumers may even find the best price on auto insurance is with a lesser-known regional company. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.