How to Save on Miami Nissan GT-R Insurance

The best way to get discount auto insurance rates in Miami is to compare prices at least once a year from insurers in Florida. You can shop around by following these guidelines.

  1. It will benefit you to learn about the coverage provided by your policy and the factors you can control to drop your rates. Many risk factors that increase rates like accidents, traffic violations, and an unacceptable credit score can be remedied by paying attention to minor details. Read the full article for ideas to help reduce premium rates and earn a bigger discount.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
  3. Compare the new quotes to the price on your current policy to see if cheaper GT-R coverage is available in Miami. If you find a better price and switch companies, ensure coverage does not lapse between policies.

One bit of advice is to make sure you enter similar limits and deductibles on every quote and and to get rates from as many different insurance providers as possible. Doing this helps ensure the most accurate price comparison and a better comparison of the market.

Insurance rates Nissan GT-R in MiamiUnfortunately, almost 70% of insureds in Florida kept their coverage with the same auto insurance company for more than four years, and almost half have never compared rates to find cheap insurance. With the average auto insurance premium being $1,847, American drivers can save hundreds of dollars each year by just comparing rate quotes, but most undervalue the amount of money they would save if they moved their coverage to a different company.

Rates and other information

The price information displayed next covers estimates of prices for Nissan GT-R models. Having a good understanding how auto insurance policy rates are figured is important for you to make decisions on the best policy to buy.

Nissan GT-R Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $408 $932 $334 $20 $100 $1,794 $150
GT-R AWD 2-Dr $408 $932 $334 $20 $100 $1,794 $150
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific location information which can alter premium rates greatly.

Higher deductibles save money

When shopping for car insurance, a common question is at what level do you set your deductibles. The comparison tables below illustrate the price difference when you select higher and lower deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Nissan GT-R insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $590 $1342 $354 $20 $106 $2,437 $203
GT-R AWD 2-Dr $590 $1342 $354 $20 $106 $2,437 $203
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Nissan GT-R insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $328 $706 $354 $20 $106 $1,514 $126
GT-R AWD 2-Dr $328 $706 $354 $20 $106 $1,514 $126
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can alter premium rates considerably.

We can estimate from the data above that using a $100 deductible will cost you about $77 more each month or $924 every year than quoting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 12 months between claims, you would probably be better off by selecting a higher deductible.

The illustration below demonstrates how choosing different deductibles and can impact Nissan GT-R insurance costs for each different age group. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.

Should you buy full coverage?

The illustration below compares Nissan GT-R auto insurance costs with full coverage compared to only the Florida minimum liability coverage. The prices are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There is no definitive rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Nissan GT-R book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 annually for full coverage, then you might want to consider buying only liability coverage.

There are a few situations where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Informed Drivers Save on Insurance

An important part of buying insurance is that you know some of the factors that play a part in calculating the level of your policy premiums. If you know what determines base rates, this allows you to make good choices that can earn you cheaper rates. Many factors are part of the calculation when quoting car insurance. Most are fairly basic such as your driving history, but other factors are more obscure like your continuous coverage and annual miles driven.

The factors shown below are some of the things that factor into your prices.

How to find a good Florida car insurance company

Choosing a high-quality insurance provider can be rather challenging considering how many different insurance companies sell coverage in Florida. The company information displayed below can help you decide which auto insurance companies to look at shopping your coverage with.

Best Car Insurance Companies in Florida
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Compare. Compare. Compare.

Discount Nissan GT-R insurance in Miami can be purchased from both online companies and with local Miami insurance agents, and you should compare rates from both in order to have the best chance of saving money. A few companies don’t offer rate quotes online and many times these small, regional companies provide coverage only through independent insurance agencies.

Insureds switch companies for many reasons like extreme rates for teen drivers, policy non-renewal, questionable increases in premium or denial of a claim. Regardless of your reason for switching companies, switching companies is not as hard as you think.

As you shop your coverage around, do not reduce needed coverages to save money. There have been many situations where someone dropped liability limits or collision coverage only to find out that it was a big error on their part. Your goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

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