Overwhelmed by the number of insurance companies in your area? Kentucky vehicle owners have so many choices that it can turn into hard work to compare insurance rates on Nissan 370Z insurance. Everyone knows Lexington is a good city to live in, but getting gouged by high insurance rates can make it very difficult to be able to afford adequate insurance coverage limits.
How to quote cheaper Nissan 370Z insurance in Lexington
The easiest way to get more affordable Nissan 370Z insurance in Lexington is to compare prices at least once a year from insurers in Kentucky. Rates can be compared by following these guidelines.
- Get a basic knowledge of how insurance companies determine prices and the things you can control to prevent expensive coverage. Many things that are responsible for high rates like speeding tickets, careless driving and a negative credit rating can be amended by improving your driving habits or financial responsibility.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like GEICO or State Farm, while independent agents can provide rate quotes from multiple insurance companies.
- Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Lexington. 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.
- Provide proper notification to your current company to cancel your current coverage. Submit a down payment and signed policy application to the new company. When you receive it, store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
The key thing to remember is to make sure you enter similar limits and deductibles on every quote and and to get prices from as many auto insurance providers as possible. Doing this enables a fair rate comparison and a complete selection of prices.
A recent insurance study discovered that the vast majority of insurance customers in Kentucky have purchased from the same company for more than four years, and approximately 40% of consumers have never quoted insurance rates at all. Most drivers in the U.S. could save nearly 47% every year, but most just don’t grasp the rate savings if they changed companies.
When shopping for cheaper Lexington car insurance quotes, there are a couple of ways to get quotes from different Lexington insurance companies. The fastest way to compare Nissan 370Z insurance prices is simply to get online rate quotes.
When price shopping your coverage, comparing more prices increases your odds of finding a better price.
The companies in the list below are our best choices to provide quotes in Lexington, KY. If you want to find the best cheap auto insurance in Lexington, KY, we suggest you get prices from several of them to get the best price comparison.
Coverage information
The coverage information shown next highlights detailed analysis of prices for Nissan 370Z models. Being aware of how insurance quotes are figured can help drivers make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $226 | $534 | $446 | $26 | $134 | $1,366 | $114 |
| 370Z 2-Dr Roadster | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 370Z Touring 2-Dr Coupe | $252 | $606 | $446 | $26 | $134 | $1,464 | $122 |
| 370Z Touring 2-Dr Roadster | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 370Z Nismo 2-Dr Coupe | $252 | $676 | $446 | $26 | $134 | $1,534 | $128 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in vehicle location which can increase or decrease premiums significantly.
Deductible comparison
One of the most common car insurance questions is what deductibles to buy. The following insurance rates can help show the difference in cost when you choose different insurance deductibles. The first data set uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $284 | $576 | $368 | $22 | $110 | $1,385 | $115 |
| 370Z 2-Dr Roadster | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 370Z Touring 2-Dr Coupe | $318 | $652 | $368 | $22 | $110 | $1,495 | $125 |
| 370Z Touring 2-Dr Roadster | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 370Z Nismo 2-Dr Coupe | $318 | $728 | $368 | $22 | $110 | $1,571 | $131 |
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| 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 assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific zip code location which can influence prices considerably.
We can derive from the above data that using a $250 deductible would cost the average driver about $31 more each month or $372 annually than choosing the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 24 months between claim filings, you would save money if you choose the higher deductible.
Safe drivers pay cheaper rates
The example below demonstrates how traffic citations and at-fault collisions can affect Nissan 370Z insurance prices for different age groups. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
Full coverage versus liability only rates
The example below compares Nissan 370Z insurance premiums with full coverage and liability only. The information is based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no exact rule for eliminating full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s say your Nissan 370Z replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying your policy deductible. If it’s costing in excess of $200 a year for your policy with full coverage, then it could be time to drop full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Car insurance does more than just protect your car
Despite the fact that car insurance is not cheap in Lexington, insurance serves a purpose in several ways.
- Just about all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability protection in order to license the vehicle. 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.
- If you have a lien on your Nissan 370Z, almost every bank will make it mandatory that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Nissan at a much higher premium rate and make you pay for the expensive policy.
- Car insurance protects not only your Nissan 370Z but also your assets. It will also pay for medical transport and hospital expenses that are the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your 370Z greatly outweigh the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $820 a year so we recommend shopping around at every renewal to ensure rates are inline.
Why You Might Pay Increased Rates in Lexington
It’s important that you understand the different types of things that aid in calculating the rates you pay for auto insurance. If you have a feel for what determines premiums, this enables informed choices that will entitle you to lower premium levels. Lots of things are part of the equation when pricing auto insurance. Some are obvious like a motor vehicle report, but some are not as apparent like your vehicle usage or your vehicle rating.
Prevent coverage lapses – Driving without insurance is a misdemeanor and you may have a hard time finding new coverage because you let your coverage have a gap. And not only will your rates increase, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license. You could then be forced to file a SR-22 with the Kentucky department of motor vehicles.
Do you know your physical damage deductibles? – Physical damage protection, also known as collision and other-than-collision, covers damage that occurs to your Nissan. A few examples of covered claims are collision with another vehicle, flood damage, and having your car stolen. Physical damage deductibles are how much you are required to spend out-of-pocket if a claim is determined to be covered. The more of the claim you pay before a claim is paid (deductible), the less your auto insurance will be.
Filing policy claims can cost you more – If you file a lot of claims you can look forward to either higher rates or even cancellation. Auto insurance companies in Kentucky give most affordable rates to policyholders that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for more catastrophic claims.
Remove unneeded extra coverages – Insurance policies have a lot of optional add-on coverages that can waste your money if you aren’t diligent. Add-on coverages like rental car reimbursement, accident forgiveness, and membership fees could be just wasting money. You may think they are a good idea when talking to your agent, but your needs may have changed so get rid of them and save.
Premiums drop with age – Older, more experienced drivers are viewed as being more responsible, tend to cause fewer accidents, and are generally more financially stable. Inexperience drivers are proven to be easily distracted when driving and because of this, their auto insurance rates are much higher.
The chart below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Prevent theft and save money – Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart auto theft and help lower rates.
Married people drive safer – Having a significant other may earn you lower rates on auto insurance. Marriage is viewed as being more mature and statistics prove married couples file fewer claims.
What type of car, truck or SUV do you drive? – The performance level of the car you are trying to find cheaper insurance for makes a big difference in your rates. Lower performance four cylinder passenger models usually have the lowest premiums, but your final cost has many other factors.
The next chart uses these variables: single female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Nissan 370Z insurance rates compared to other vehicles that have a range of risk factors.
Nissan 370Z insurance claim data – Insurers take into consideration historical loss data for every vehicle when they file their rates in each state. Vehicles that are shown to have a higher amount or frequency of claims will have a higher cost to insure. The table shown below demonstrates the insurance loss data for Nissan 370Z vehicles.
For each policy coverage type, the statistical loss for all vehicles, without regard to make or model, is considered to be 100. Percentage numbers below 100 suggest a better than average loss history, while values that are 100 or greater indicate more frequent losses or tendency to have larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Nissan 370Z 2dr | 164 | 88 | 132 | 91 | 88 | |
| Nissan 370Z Convertible | 129 | 73 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What is the best auto insurance company in Kentucky?
Choosing the right insurance company can be a challenge considering how many choices you have in Kentucky. The rank data shown below could help you select which providers to look at when shopping around.
| 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 |
| 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 |
| 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 |
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Data Source: Insure.com Best Car Insurance Companies
Shop around and save
When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to purchase a proper amount of coverage at the lowest possible cost while not skimping on critical coverages.
We covered quite a bit of information on how to find lower-cost Nissan 370Z insurance in Lexington. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding affordable Nissan 370Z insurance quotes. You may even find the lowest auto insurance rates are with some of the lesser-known companies.
A few companies don’t offer the ability to get quotes online and many times these small insurance companies only sell coverage through independent agents. Lower-priced car insurance in Lexington can be purchased both online in addition to local insurance agencies, so you should compare both to get a complete price analysis.
How to buy lower priced Nissan 370Z insurance in Lexington
The preferred way to save on car insurance rates in Lexington is to make a habit of regularly comparing prices from insurers that insure vehicles in Kentucky. Prices can be compared by following these guidelines.
Step 1: It will benefit you to learn about how insurance works and the measures you can take to prevent rate increases. Many rating factors that are responsible for high rates such as speeding tickets, careless driving and a not-so-good credit score can be controlled by being financially responsible and driving safely.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources. Click to view companies
Step 3: Compare the new rates to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate quote and change companies, ensure there is no coverage lapse between policies.
Step 4: Give proper notification to your current agent or company of your intention to cancel the current policy. Submit payment and a signed application for the new coverage. As soon as coverage is bound, place your new certificate verifying coverage in a readily accessible location in your vehicle.
The most important part of this process is to make sure you’re comparing similar coverage information on each quote and and to get prices from as many companies as you can. Doing this enables the most accurate price comparison and a better comparison of the market.
Additional car insurance information is available below:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for a Jeep Wrangler in Lexington? (FAQ)
- Who Has Cheap Lexington Car Insurance for a Kia Forte? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- A Tree Fell on Your Car: Now What? (Allstate)
- Five Mistakes to Avoid (Insurance Information Institute)
- How Much Auto Coverage do I Need? (Insurance Information Institute)