How Much Does 2011 Nissan GT-R Insurance Cost?

Feel like you have an expensive auto insurance policy? Don’t feel bad because many consumers feel financially strained by their auto insurance policy. There is such a variety of insurance companies to insure vehicles with, and though it is a good thing to have a choice, more choices can make it harder to find the lowest rates.

You should take the time to do price comparisons at least once a year because auto insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best deal on GT-R coverage two years ago there is a good chance you can find better prices now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the things you must know in order to get good coverage at a lower rate.

Free insurance price quotes

There are a lot of ways to shop for insurance, but some are less time-consuming than others. You can waste a few hours (or days) talking to insurance agencies in your area, or you could save time and use the internet to get rates in a matter of minutes.

The majority of car insurance companies belong to a marketplace where insurance shoppers enter their coverage request one time, and every company returns a competitive quote based on the submitted data. This eliminates the need for repetitive form submissions to each individual insurance company.

To fill out one form to compare multiple rates now click here to start a free quote.

The one downside to doing it this way is you are unable to specify the companies to get pricing from. So if you prefer to choose from a list of companies to compare, we have assembled a list of low cost insurance companies in your area. Click to view list.

Whichever way you use, make sure you are using the same quote information for each comparison quote. If you enter mixed coverages you will not be able to determine which company has the best rates.

How insurance companies determine Nissan GT-R insurance premiums

When buying insurance it’s important to understand the factors that go into determining the level of your policy premiums. If you have a feel for what influences your rates, this allows you to make good choices that could result in big savings. Multiple criteria are part of the equation when pricing auto insurance. Some of the criteria are obvious such as your driving record, but other criteria are not quite as obvious such as your credit history and annual miles driven.

The factors shown below are some of the things companies use to determine prices.

• A insurance lapse can increase premiums – Going without insurance can be a sure-fire way to increase your insurance rates. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you fines or a revoked license.
• Getting married can lower rates – Having a spouse may earn you lower rates on insurance. It usually means you are more responsible it has been statistically shown that drivers who are married are more cautious.
• Annual mileage impacts premiums – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. Most companies rate vehicles determined by how the vehicle is used. Cars and trucks not used for work or commuting receive lower rates than vehicles that are driven to work every day. Improper usage on your GT-R may be wasting your money. It’s a smart idea to ensure your insurance policy reflects the right rating data.
• Optional features can affect insurance rates – Selecting a car model that has an advanced theft prevention system can help bring down rates. Systems that thwart theives like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping auto theft.
• Rates increase with policy add-ons – There are a ton of extra coverages that may not really be needed on your GT-R policy. Insurance for things like coverage for rental cars, high-cost glass coverage, and membership fees may not be needed and are just wasting money. You may think they are a good idea when discussing your needs, but if you have no use for them remove them from your policy.

Get lower-cost insurance with discounts

Car insurance companies don’t necessarily list the complete list of policy discounts very well, so we break down a few of the more common in addition to some of the lesser obvious discounts that you may qualify for.

• Fewer Miles Equal More Savings – Fewer annual miles on your Nissan could be rewarded with substantially lower rates.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
• Multiple Vehicles – Drivers who insure all your vehicles on the same insurance policy can get a discount on all vehicles.
• Cautious Driver Discount – Drivers who avoid accidents can pay as much as 50% less on GT-R coverage than drivers with accidents.
• New Vehicle Savings – Buying insurance on a new vehicle can save you some money compared to insuring an older model.
• Theft Deterent – Vehicles with anti-theft systems are stolen less frequently and can earn a small discount on your policy.
• Data Collection Discounts – Insureds who allow their company to monitor vehicle usage by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they exhibit good driving behavior.
• College Student Discount – Youth drivers who are attending college and won’t have access to an insured vehicle could qualify for this discount.
• ABS Braking Discount – Vehicles with ABS braking systems or traction control can stop better under adverse conditions and earn discounts up to 10%.

Don’t be surprised that some of the credits will not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

Companies and a summarized list of policyholder discounts can be found below.

• Mercury Insurance may include discounts for good driver, location of vehicle, age of vehicle, type of vehicle, and anti-theft.
• Farmers Insurance offers premium reductions for mature driver, business and professional, bundle discounts, good student, and alternative fuel.
• Farm Bureau may have discounts that include 55 and retired, driver training, multi-vehicle, safe driver, and multi-policy.
• State Farm includes discounts for anti-theft, Steer Clear safe driver discount, safe vehicle, accident-free, good driver, multiple policy, and defensive driving training.
• Allstate offers discounts for good payer, farm vehicle, safe driver, FullPay discount, and utility vehicle.
• Geico discounts include daytime running lights, five-year accident-free, anti-lock brakes, seat belt use, military active duty, and federal employee.

When getting a coverage quote, ask all the companies which discounts they offer. Discounts may not apply in your state. To view providers who offer online insurance quotes, click here.

Tailor your insurance coverage to you

When choosing adequate coverage, there really is not a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. For instance, these questions may help you determine if your situation could use an agent’s help.

• How high should deductibles be on a 2011 Nissan GT-R?
• Should I file a claim if it’s only slightly more than my deductible?
• Can I rate high risk drivers on liability-only vehicles?
• Is motorclub coverage worth it?
• What is the minimum liability in my state?
• Am I covered when delivering products for my home-based business?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.

Insurance coverages 101

Learning about specific coverages of insurance aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverage types offered by insurance companies.

Medical costs insurance

Med pay and PIP coverage pay for expenses for things like pain medications, X-ray expenses, prosthetic devices, rehabilitation expenses and surgery. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as fire damage, hail damage, vandalism and hitting a deer. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto collision coverage

Collision coverage will pay to fix 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 insurance covers things such as crashing into a ditch, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Liability auto insurance

Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. It protects you against claims from other people, and does not provide coverage for 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. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as repair costs for stationary objects, emergency aid, court costs, attorney fees and legal defense fees. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your 2011 Nissan GT-R.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

At the end of the day…

As you restructure your insurance plan, do not reduce needed coverages to save money. There are a lot of situations where an insured cut collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage for the lowest price.

In this article, we presented some good ideas how you can get a better price on 2011 Nissan GT-R insurance. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may be surprised to find that the lowest car insurance rates come from an unexpected company. Regional companies may only write in your state and offer lower premium rates than the large multi-state companies such as State Farm, Geico and Nationwide.

Much more information about insurance is located at these links:

• Teen Driving and Texting (State Farm)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Avoiding Deer Collisions (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)