Do you want to stop overpaying and find the cheapest Nissan 370Z insurance in Louisville? Trying to come up with a payment for overpriced insurance can consume your accounts and force you to make sacrifices. Price shopping at each renewal is a smart way to make sure you’re not throwing money away.
Unbelievably, a large majority of insurance policyholders in Kentucky have remained with the same insurance company for a minimum of four years, and just short of a majority have never quoted insurance rates at all. Many drivers in the United States could pocket about 47% a year, but they feel it’s too difficult to save money by comparing rate quotes.
How to save on Nissan 370Z insurance in Louisville
It takes a little time, but the best way to get cheaper Nissan 370Z insurance is to make a habit of regularly comparing prices from providers who provide auto insurance in Louisville. This can be done by completing these steps.
- Try to understand coverages and the steps you can take to keep rates down. Many things that result in higher rates like traffic violations, accidents, and an imperfect credit rating can be eliminated by making small lifestyle or driving habit changes.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while agents who are independent can provide prices from multiple insurance companies. Start a quote
- Compare the quotes to the premium of your current policy to determine if you can save on 370Z insurance in Louisville. If you can save some money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Give proper notification to your current agent or company to cancel the current policy and submit payment along with a signed and completed policy application to the newly selected company. As soon as you have the new policy, store the certificate verifying coverage in a readily accessible location in your vehicle.
One thing to remember is that you’ll want to make sure you compare the same amount of coverage on each price quote and and to get quotes from as many companies as you can. This helps ensure a level playing field and a good representation of prices.
Big companies like Progressive, State Farm and GEICO increase brand awareness with TV and radio ads and consumers find it hard to sift through the bull and find the best price available.
Most larger insurance companies make it easy to get pricing online. Comparing prices online for Nissan 370Z insurance in Louisville is quite easy because it’s just a matter of typing in your coverage preferences into a form. When the form is submitted, the system makes automated requests for credit information and your driving record and returns a price quote based on many factors. This simplifies rate comparisons, and it is important to perform this step in order to find the best auto insurance rates.
To find out how much you’re overpaying now, take a look at the companies shown below. If you have your current policy handy, we recommend you duplicate the coverages just like they are on your policy. This makes sure you will be getting an apples-to-apples comparison based on the exact same insurance coverage.
The companies shown below can provide free quotes in Kentucky. To find the cheapest auto insurance in Louisville, it’s a good idea that you click on several of them in order to get a fair rate comparison.
Statistics and details
The information displayed next covers estimates of insurance rates for Nissan 370Z models. Learning a little about how auto insurance premiums are calculated can be useful when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $284 | $576 | $368 | $22 | $110 | $1,360 | $113 |
| 370Z 2-Dr Roadster | $318 | $576 | $326 | $20 | $98 | $1,338 | $112 |
| 370Z Touring 2-Dr Coupe | $318 | $652 | $368 | $22 | $110 | $1,470 | $123 |
| 370Z Touring 2-Dr Roadster | $318 | $576 | $326 | $20 | $98 | $1,338 | $112 |
| 370Z Nismo 2-Dr Coupe | $318 | $728 | $368 | $22 | $110 | $1,546 | $129 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate information does not factor in your specific Louisville location which can decrease or increase prices greatly.
Raise deductibles and save
One of the hardest decisions when shopping for insurance is how high should the physical damage deductibles be. The premium rates below can help you visualize the price difference between low and high physical damage deductibles. The first set of rates uses a $100 physical damage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $318 | $688 | $368 | $22 | $110 | $1,531 | $128 |
| 370Z 2-Dr Roadster | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| 370Z Touring 2-Dr Coupe | $354 | $778 | $368 | $22 | $110 | $1,657 | $138 |
| 370Z Touring 2-Dr Roadster | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| 370Z Nismo 2-Dr Coupe | $354 | $870 | $368 | $22 | $110 | $1,749 | $146 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $176 | $362 | $368 | $22 | $110 | $1,038 | $87 |
| 370Z 2-Dr Roadster | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| 370Z Touring 2-Dr Coupe | $196 | $410 | $368 | $22 | $110 | $1,106 | $92 |
| 370Z Touring 2-Dr Roadster | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| 370Z Nismo 2-Dr Coupe | $196 | $458 | $368 | $22 | $110 | $1,154 | $96 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Prices do not factor in garaging location in Louisville which can modify premium rates noticeably.
Based on the above data, using a $100 deductible will cost you about $44 more each month or $528 for a full year across all Nissan 370Z models than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 20 months between claim filings, you would come out ahead by going with a higher deductible. Below is how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $133 |
| Average monthly premium for $1,000 deductibles (subtract): | – $89 |
| Monthly savings from raising deductible: | $44 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $44 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
One important note is that raising deductibles results in having to pay to pay more out-of-pocket when you file a claim. It will be required that you have enough money in the bank in the event you need to pay the higher deductible.
The illustration below illustrates how choosing a deductible and can raise or lower Nissan 370Z insurance prices for different ages of insureds. The premium estimates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
Careless Louisville drivers pay higher rates
The chart below shows how traffic citations and fender-benders increase Nissan 370Z insurance premiums for each age group. The data assumes a single male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
Cost difference between full coverage and liability
The illustration below shows the difference between Nissan 370Z car insurance costs when comparing full coverage to state minimum liability only. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied to the premium.
When to stop buying full coverage
There is no set guideline to exclude physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Nissan 370Z claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after paying your deductible. If it’s costing you more than $600 annually to have full coverage, then you might want to think about dropping full coverage.
There are some scenarios where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Why you need quality insurance for your 370Z
Even though it can be expensive, maintaining insurance serves a purpose in several ways.
First, the majority of states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability insurance coverage in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your car, almost every bank will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Nissan at an extremely high rate and require you to fork over for the expensive policy.
Third, insurance protects both your assets and your car. It will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. Today the average American driver overpays as much as $750 every year so you should quote rates each time the policy renews to ensure rates are inline.
Your car insurance coverage should be tailored to you
Always keep in mind that when comparing insurance from an agent or online for your personal vehicles, there really isn’t a cookie cutter policy. Your situation is unique and your car insurance should be unique as well.
For example, these questions may help you determine if you might need an agent’s assistance.
- Who sells insurance for high-risk drivers?
- If I use my vehicle for business use is it covered?
- Will my insurance pay for OEM parts?
- What happens if I owe more than my Nissan 370Z is worth?
- Do I need special coverage while pulling a rented trailer?
- How does medical payments coverage work?
- Do I have coverage when making deliveries for my home business?
- Who is covered by my policy?
- Do I pay less if my vehicle is kept in my garage?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Information about specific coverages
Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are typical coverage types offered by insurance companies.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many Kentucky drivers only purchase the least amount of liability that is required (which is 25/50/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time these coverages do not exceed the liability coverage limits.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as theft, hitting a bird and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability coverages
This can cover damage that occurs to other’s property or people. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/10 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $10,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things like pain and suffering, attorney fees and medical expenses. How much liability should you purchase? That is your choice, but you should buy higher limits if possible. Kentucky state law requires minimum liability limits of 25/50/10 but you should consider buying more coverage.
The chart below demonstrates why buying low liability limits may not be enough.
Insurance for medical payments
Coverage for medical payments and/or PIP provide coverage for expenses for X-ray expenses, chiropractic care and hospital visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Collision insurance
This coverage pays for damage to your 370Z resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as crashing into a ditch, driving through your garage door and backing into a parked car. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible on your 370Z to bring the cost down.
Car insurance companies ranked
Ending up with the right auto insurance company is hard considering how many companies provide coverage in Louisville. The company ratings in the next section may help you choose which insurers you want to consider when comparing rate quotes.
| 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 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Smart shoppers get results
When buying insurance coverage, never reduce coverage to reduce premium. There have been many cases where consumers will sacrifice liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy the best coverage you can find at an affordable rate.
Lower-priced Nissan 370Z insurance in Louisville is available online and from local agencies, and you need to price shop both so you have a total pricing picture. Some insurance companies may not have price quotes online and usually these regional insurance providers work with independent agents.
How to find the cheapest rates for Nissan 370Z insurance in Louisville
The best way to find cheaper quotes for Nissan 370Z insurance in Louisville is to make a habit of regularly comparing prices from insurers who provide car insurance in Kentucky.
- First, get an understanding of policy coverages and the factors you can control to lower rates. Many risk factors that are responsible for high rates like speeding and poor credit rating can be rectified by making minor changes in your lifestyle.
- Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of companies.
- Third, compare the new quotes to your existing rates and determine if cheaper 370Z coverage is available. If you find better rates, make sure coverage does not lapse between policies.
- Fourth, tell your current company of your intent to cancel your current car insurance policy and submit a down payment along with a signed application to the new company. Be sure to place your new proof of insurance certificate in your vehicle.
A good tip to remember is that you’ll want to make sure you compare similar deductibles and liability limits on every price quote and and to get rate quotes from as many different insurance providers as possible. Doing this guarantees an apples-to-apples comparison and a thorough selection of prices.
For more information, feel free to visit the resources below:
- Tread Depth and Tire Safety (State Farm)
- How Much is Auto Insurance for Felons in Louisville? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Honda CR-V in Louisville? (FAQ)
- How Much are Car Insurance Quotes for a Ford Fusion in Louisville? (FAQ)
- Who Has Cheap Car Insurance Rates for a 20 Year Old Male in Louisville? (FAQ)
- How Much are Car Insurance Quotes for a Hyundai Elantra in Louisville? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)