How to Save on Kansas City Nissan GT-R Insurance

It’s hard to believe, but almost 70% of insureds have stayed with the same insurance company for well over three years, and 38% of customers have never compared rates with other companies. Kansas City drivers could save approximately 25% each year by just comparing rate quotes, but they don’t invest the time required to find affordable rates by getting comparison quotes.

Insurance rates Nissan GT-R in Kansas CityThe easiest way to find low-cost auto insurance rates is to begin comparing prices regularly from companies in Kansas City. You can compare prices by completing these steps.

The most important part of this process is to use similar coverage information on every price quote and and to get price estimates from all possible companies. This enables an apples-to-apples comparison and maximum price selection.

If you currently have a car insurance policy, you will surely be able to reduce premiums using the following tips. Choosing the most cost-effective auto insurance policy in Kansas City can initially seem challenging. But Missouri vehicle owners can benefit from knowing the methods companies use to market on the web.

What Determines Nissan GT-R Insurance Prices?

Smart consumers have a good feel for some of the things that help calculate your auto insurance rates. When you know what positively or negatively impacts premium levels, this enables informed choices that can earn you much lower annual insurance costs. Lots of things are part of the equation when you get your auto insurance bill. Some are pretty understandable such as your driving history, although some other factors are less apparent such as whether you are married or your commute time.

The factors shown below are just a few of the factors utilized by car insurance companies to help set your rate level.

More performance means higher premiums – The performance of the car, truck or SUV you are buying insurance for makes a huge difference in how high your rates are. The lowest rates are for small economy passenger cars, but many other things help determine your insurance rates.

The data below assumes a single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Nissan GT-R insurance premiums compared to other vehicles that have different performances.

Use one insurance company and save – The majority of insurance companies provide lower prices for people who have multiple policies with them in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you qualify for this discount already, you still need to comparison shop to help guarantee you have the best rates.

Consider raising comp and collision deductibles – Your deductibles represent how much money you are willing to pay before a claim is paid by your company. Insurance for physical damage, also known as collision and other-than-collision, protects your car from damage. Some instances where coverage would apply are a windshield broken by a bird, collision with a deer, and damage from wind. The more expense you have to pay, the less your company will charge you for insurance.

High premiums for younger drivers – Drivers with little experience tend to get distracted easily in a vehicle so auto insurance rates are higher. More mature drivers tend to be more responsible, cause fewer claims and accidents, and usually have better credit.

The data below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Low stress job equals lower rates – Occupational choices like real estate brokers, airline pilots, and medical professionals generally pay higher rates than average because of stressful work requirements and long work hours. On the flip side, careers such as actors, engineers and performers pay lower than average rates.

Stay claim-free and save money – If you are the type of insured that files lots of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance companies in Missouri award the lowest premiums to people who are claim-free. Your insurance policy is designed for more catastrophic claims.

Accidents are costly – Even a single speeding ticket or other violation can increase rates substantially. Good drivers receive lower rates than their less careful counterparts. People who have serious citations like hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to drive a vehicle legally.

The diagram below highlights how speeding tickets and at-fault claims increase Nissan GT-R car insurance costs for different insured age categories. The prices are based on a married male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

Nissan GT-R claim statistics – Auto insurance companies analyze claim trends for every vehicle to help determine rates. Vehicles that are shown to have higher losses will be charged more to insure. The table below demonstrates the actual insurance loss data for Nissan GT-R vehicles.

For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, is set at 100. Numbers below 100 mean the vehicle has better than average losses, while numbers above 100 point to more losses or statistically larger claims.

Insurance Loss Ratings for Nissan GT-R Vehicles
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: Insurance Institute for Highway Safety for 2013-2015 Model Years

Statistics and details

The table displayed below outlines estimates of prices for Nissan GT-R models. Being more informed about how car insurance premiums are formulated can help drivers make smart policy decisions.

Nissan GT-R Insurance Rates in Kansas City, MO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $338 $718 $226 $14 $68 $1,364 $114
GT-R AWD 2-Dr $338 $718 $226 $14 $68 $1,364 $114
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can revise coverage prices considerably.

Should you raise deductibles?

When comparing auto insurance rates, the most common question is how high should the physical damage coverage deductibles be. The premium rates below can help show the cost difference when you buy lower versus higher policy deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Nissan GT-R insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $376 $856 $226 $14 $68 $1,565 $130
GT-R AWD 2-Dr $376 $856 $226 $14 $68 $1,565 $130
Get Your Own Custom Quote Go

Nissan GT-R insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $274 $578 $226 $14 $68 $1,160 $97
GT-R AWD 2-Dr $274 $578 $226 $14 $68 $1,160 $97
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific zip code location which can lower or raise premium rates substantially.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $33 more each month or $396 annually than requesting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 12 months between claim filings, you would probably save some money if you decide on a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $130
Average monthly premium for $500 deductibles (subtract): – $97
Monthly savings from raising deductible: $33
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

One important caveat is that raising deductibles to save money means you will have to cover more of the damage yourself at claim time. You need to have some funds available in order to pay more to get your vehicle repaired.

The chart below shows how choosing a deductible and can raise or lower Nissan GT-R insurance prices for different age groups. The prices are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Cost of full coverage

The information below illustrates the difference between Nissan GT-R auto insurance costs when comparing full coverage to liability only. The costs are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to buy liability coverage only

There is no written rule for dropping full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Nissan GT-R replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If it’s costing in excess of $500 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Cheaper rates on Nissan GT-R insurance in Kansas City with these auto insurance discounts

Auto insurance is easily one of your largest bills, but you may qualify for discounts that many people don’t even know exist. A few discounts will be applied at the time of quoting, but some must be manually applied prior to getting the savings.Auto insurance discounts

Consumers should know that some credits don’t apply to your bottom line cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, companies don’t profit that way.

The example below compares Nissan GT-R insurance premiums with and without discounts applied to the premium. The premiums are based on a male driver, no claims or driving violations, Missouri state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, marriage, and multi-policy discounts applied.

Larger auto insurance companies and some of the discounts are outlined below.

Double check with every insurance company to give you their best rates. All car insurance discounts might not be offered on policies in your area. To choose providers who offer cheap Nissan GT-R insurance quotes in Kansas City, click this link.

Don’t give up on cheaper premiums

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. There are many occasions where consumers will sacrifice collision coverage and learned later that the few dollars in savings costed them thousands. The goal is to get the best coverage possible for the lowest cost, but don’t skip important coverages to save money.

Consumers leave their current company for any number of reasons including policy non-renewal, unfair underwriting practices, an unsatisfactory settlement offer or delays in paying claims. It doesn’t matter what your reason, finding a great new company can be easier than you think.

Lower-priced Nissan GT-R insurance in Kansas City can be purchased both online as well as from insurance agents, so you should be comparing quotes from both to have the best selection. A few companies may not have rate quotes online and usually these smaller companies prefer to sell through independent agents.

To learn more, feel free to browse these articles: