Nissan GT-R Insurance Quotes in Colorado Springs

Unimaginable but true, the vast majority of consumers renewed their policy with the same company for a minimum of four years, and almost 40% of drivers have never compared car insurance rates at all. With the average car insurance premium being $1,813, Colorado Springs drivers can save hundreds of dollars each year by just comparing quotes, but they don’t believe how much money they would save if they switched to a cheaper policy.

Insurance for Nissan GT-RIf saving money is your primary concern, then the best way to find low-cost prices for Nissan GT-R insurance is to compare prices regularly from providers who can sell car insurance in Colorado Springs. You can compare prices by following these guidelines.

Step 1: Learn about auto insurance and the measures you can control to drop your rates. Many risk factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a lousy credit rating can be eliminated by improving your driving habits or financial responsibility.

Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and State Farm, while independent agents can quote prices for a wide range of companies. Compare rates now

Step 3: Compare the quotes to your existing rates and determine if cheaper GT-R coverage is available. If you can save money and decide to switch, ensure coverage does not lapse between policies.

A key point to remember is to make sure you enter identical limits and deductibles on every price quote and and to get rates from as many car insurance companies as possible. Doing this enables the most accurate price comparison and a complete price analysis.

Buying more affordable coverage in Colorado Springs is not as hard as you may think. If you have a current auto insurance policy or just want a better rate, follow these tips to find the best rates while maximizing coverage. Smart shoppers just have to know the tricks to quote multiple rates instantly.

Data for Nissan GT-R insurance

The coverage table shown next showcases detailed analysis of policy rates for Nissan GT-R models. Understanding how insurance policy premiums are calculated can aid in making informed coverage decisions.

Nissan GT-R Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $384 $974 $338 $20 $102 $1,818 $152
GT-R AWD 2-Dr $384 $974 $338 $20 $102 $1,818 $152
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate information does not factor in zip code location which can influence price quotes noticeably.

Deductible comparison

One of the more difficult decisions when buying auto insurance is how high should the physical damage deductibles be. The following tables may help to conceptualize the cost difference when you choose different coverage deductibles. The first data table uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Nissan GT-R insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $496 $1130 $298 $18 $90 $2,057 $171
GT-R AWD 2-Dr $496 $1130 $298 $18 $90 $2,057 $171
Get Your Own Custom Quote Go

Nissan GT-R insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $276 $596 $298 $18 $90 $1,278 $107
GT-R AWD 2-Dr $276 $596 $298 $18 $90 $1,278 $107
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs about $64 more each month or $768 every year than buying the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 14 months between claims, you would probably be better off if you decide on a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $171
Average monthly premium for $1,000 deductibles (subtract): – $107
Monthly savings from raising deductible: $64
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $64
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One important caveat is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a physical damage claim. You need to have enough disposable savings in the event you need to pay the deductible for vehicle repair.

Full coverage rates compared to liability-only

The information below visualizes the comparison of Nissan GT-R insurance prices with and without physical damage coverage. The rate quotes are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied.

Are you wasting money on full coverage?

There isn’t a steadfast formula of when to eliminate physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s say your Nissan GT-R replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after paying your deductible. If you are currently paying more than $400 annually for full coverage, then you may need to consider dropping full coverage.

There are a few situations where only buying liability is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.

Educated Choices Result in Lower Insurance Prices

Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for auto insurance. When consumers understand what determines base rates, this enables informed choices that may result in lower rates. Lots of things are part of the equation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, although some other factors are more obscure like your vehicle usage or your vehicle rating.

The itemized list below are some of the most common factors used by companies to determine prices.

Gender and insurance coverage prices – Over the last 30 years, statistics show women tend to be less risk to insure than men. However, this does not mean females are better at driving than males. They both are in auto accidents at a similar rate, but the men have accidents that have higher claims. In addition to higher claims, males also get higher numbers of serious violations like reckless driving and DUI. Male teenagers tend to get in the most accidents and therefore are the most expensive to insure.

The information below shows the difference between Nissan GT-R insurance costs for male and female drivers. The data assumes no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single status, and no discounts are applied to the premium.

More policies can equal more savings – Most insurers allow discounts to people who carry more than one policy in the form of a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, consumers should still shop around to guarantee you are still saving the most.

Miles driven impacts premiums – The more miles you rack up on your Nissan each year the more you will pay for auto insurance. Many insurance companies price each vehicle’s coverage based on their usage. Cars and trucks that do not get driven very much can be on a lower rate level than cars that get driven a lot. An improperly rated GT-R can result in significantly higher rates. It’s always a good idea to double check that your auto insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money.

Policy add-ons may not be needed – There are a ton of extra coverages that may not really be needed if you aren’t diligent. Insurance for roadside assistance, death and dismemberment, and extra life insurance coverage are some examples. They may seem like a good idea when deciding what coverages you need, but now you might not need them so remove them and pocket the money.

Do thieves like your car? – Driving a car that has an advanced theft prevention system can earn a premium discount. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop auto theft.

Amount of liability coverage – The liability coverage on your policy is the protection if ever you are found to be at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense starting from day one. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.

Cars with good safety ratings lower premiums – Vehicles that have high safety ratings cost less to insure. Safe vehicles protect occupants better and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.

Insurance loss statistics a Nissan GT-R – Auto insurance companies use historical loss data when determining insurance costs. Vehicles that are shown to have higher frequency or amount of claims will cost more for coverage.

The information below illustrates the historical loss data for Nissan GT-R vehicles. For each policy coverage, the loss probability for all vehicles averaged together is considered to be 100. Percentages below 100 indicate a favorable loss history, while percentage values above 100 indicate higher probability of having a loss or statistically larger losses.

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

Shop around and save

We’ve covered many ways to get a better price on Nissan GT-R insurance in Colorado Springs. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Drivers may even discover the lowest car insurance rates are with a small mutual company. These smaller insurers can often provide lower premium rates in certain areas compared to the large companies like Allstate or State Farm.

Affordable Nissan GT-R insurance in Colorado Springs can be purchased both online and also from your neighborhood Colorado Springs agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who may not provide the ability to get a quote online and most of the time these regional insurance providers sell through local independent agents.

When trying to cut insurance costs, you should never buy poor coverage just to save money. There are many occasions where drivers have reduced liability limits or collision coverage only to regret that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at the best price, not the least amount of coverage.

Additional detailed information is available at these sites: