Car Insurance Rates for a Nissan GT-R in Memphis

Insurance quote for Nissan GT-R in MemphisReally, the only way to find more affordable Nissan GT-R insurance is to start comparing rates regularly from insurers that sell auto insurance in Memphis. Price quotes can be compared by following these steps.

  1. Try to learn about how companies set rates and the changes you can make to keep rates in check. Many factors that drive up the price such as getting speeding tickets and poor credit rating can be improved by making minor changes in your lifestyle. Continue reading for additional tips to prevent high rates and find discounts that may have been missed.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO and State Farm, while independent agents can quote prices from many different companies.
  3. Compare the new rate quotes to the price on your current policy and determine if cheaper GT-R coverage is available. If you find better rates and change companies, verify that coverage does not lapse between policies.
  4. Provide written notification to your current company of your intent to cancel the current policy. Submit payment along with a signed and completed policy application to your new insurance company. As soon as you receive it, safely store the proof of insurance certificate in your glove compartment.

A tip to remember is to try to compare the same physical damage deductibles and liability limits on each quote and and to analyze every company you can. This guarantees an apples-to-apples comparison and the best rate selection.

It’s well known that car insurance companies don’t want you comparing rates. Insureds who shop around for the cheapest rate will most likely switch to a new company because there is a good probability of finding a policy with better rates. A study showed that consumers who compared rate quotes regularly saved approximately $72 a month compared to other drivers who never shopped for cheaper rates.

If finding the best price on Nissan GT-R insurance is why you’re reading this, then having some insight into how to find companies and compare insurance premiums can help simplify the process.

The providers in the list below are our best choices to provide comparison quotes in Memphis, TN. If you want to find the best auto insurance in Memphis, it’s a good idea that you compare several of them to find the lowest car insurance rates.

Facts and figures for Nissan GT-R insurance

The data table displayed next outlines detailed analysis of insurance premium costs for Nissan GT-R models. Being able to understand how insurance policy premiums are established can be useful when making smart choices when purchasing an insurance policy.

Nissan GT-R Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $258 $490 $322 $20 $96 $1,186 $99
GT-R AWD 2-Dr $258 $490 $322 $20 $96 $1,186 $99
Get Your Own Custom Quote Go

Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in specific Memphis garaging location which can revise price quotes significantly.

Should you raise deductibles?

One common question asked by Memphis drivers is the level to set your comp and collision deductibles. The data tables below approximate the rate difference of buying low and high physical damage coverage deductibles. The first set of rates uses a $250 deductible and the second data table uses a $500 deductible.

Nissan GT-R insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $366 $778 $246 $14 $74 $1,503 $125
GT-R AWD 2-Dr $366 $778 $246 $14 $74 $1,503 $125
Get Your Own Custom Quote Go

Nissan GT-R insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $298 $628 $246 $14 $74 $1,260 $105
GT-R AWD 2-Dr $298 $628 $246 $14 $74 $1,260 $105
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in your specific Memphis location which can affect coverage prices noticeably.

Based on the above data, using a $250 deductible will cost in the ballpark of $20 more each month or $240 a year across all Nissan GT-R models than selecting the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 13 months between claim filings, you would probably be better off if you elect the higher deductible. The illustration below shows a better example of how this decision is made.

Average monthly premium for $250 deductibles: $125
Average monthly premium for $500 deductibles (subtract): – $105
Monthly savings from raising deductible: $20
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

The diagram below illustrates how choosing a deductible and can influence Nissan GT-R insurance rates for different age categories. The costs are based on a single male driver, full coverage, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The information below visualizes the comparison of Nissan GT-R insurance costs when comparing full coverage to liability only. The data is based on no claims or violations, $500 deductibles, drivers are single, and no policy discounts are applied.

When to buy liability coverage only

There is no definitive guideline to exclude comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Nissan GT-R replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after the deductible is paid. If it’s costing in excess of $500 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few cases where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Save money on Nissan GT-R insurance in Memphis with these discounts

Car insurance is easily one of your largest bills, but you might be missing out on some discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but some need to be specifically requested before they will apply.Car insurance discounts

Consumers should know that some credits don’t apply to the whole policy. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts should help reduce your premiums.

The illustration below visualizes the comparison of Nissan GT-R car insurance rates with and without discounts applied to the premium. The prices are based on a female driver, no accidents, no driving violations, Tennessee state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, multi-policy, claim-free, and marriage discounts applied.

Companies and a summarized list of policyholder discounts include:

When getting free Memphis auto insurance quotes, it’s a good idea to every insurance company to give you their best rates. All car insurance discounts might not be offered everywhere. For a list of providers that offer discounts in Memphis, follow this link.

Three reasons to not skimp on car insurance

Despite the high cost of buying insurance for a Nissan GT-R in Memphis, insurance serves several important purposes.

The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. An average driver in America overpays more than $850 per year so we recommend shopping around each time the policy renews to save money.

How to find a good Memphis auto insurance company

Ending up with the best insurance provider can be rather challenging considering how many different insurance companies sell coverage in Memphis. The company rank data shown next can help you pick which coverage providers you want to consider buying from.

Top 10 Memphis Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Memphis Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

When do I need an agent’s advice?

When quoting and choosing proper insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.Safe vehicles cost less to insure

For example, these questions may help highlight whether or not you would benefit from an agent’s advice.

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Local insurance agents

Some people just want to sit down with an agent and we recommend doing that Good agents can answer important questions and give you someone to call. One of the benefits of price shopping on the web is you can get better rates but also keep your business local. Supporting local agents is especially important in Memphis.

To find an agent, once you fill out this form (opens in new window), the coverage information gets sent to local insurance agents who want to provide quotes for your business. There is no reason to leave your computer because prices are sent to the email address you provide. If you have a need to get a rate quote from a particular provider, you can always visit that company’s website and fill out their quote form.

If you prefer to buy car insurance from an insurance agent, it’s important to understand the types of agencies from which to choose. Car insurance agents in Memphis are considered either exclusive agents or independent agents. Either one can sell car insurance policies, but it’s worth mentioning why they differ because it can factor into which type of agent you select.

Independent Insurance Agents

Independent insurance agents do not have single company limitations and that allows them to write policies with a variety of different insurance companies and find the cheapest car insurance rates. If premiums increase, they simply switch companies in-house and you don’t have to do anything. If you are trying to find cheaper rates, we recommend you get insurance quotes from independent agents in order to compare the most rates.

Featured below is a short list of independent agents in Memphis who may provide pricing information.

2550 Poplar AveMemphis, TN 38112(901) 458-1630View Map

3232 S Perkins RdMemphis, TN 38118(901) 797-8665View Map

1374 Airways BlvdMemphis, TN 38114(901) 323-6159View Map

More Memphis agents

Exclusive Agents

Agents of this type are contracted to one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. They are unable to give you multiple price quotes so you might not find the best rates. Exclusive agents are trained well on sales techniques which helps them compete with independent agents.

Below is a list of exclusive insurance agents in Memphis that can give you price quotes.

3315 Kirby PkwyMemphis, TN 38115(901) 365-2008View Map

2861 Poplar AveMemphis, TN 38111(901) 652-8484View Map

4466 Elvis Presley Blvd #247Memphis, TN 38116(901) 398-7200View Map

More Memphis agents

Choosing the best car insurance agent requires you to look at more than just a low price. Here are some questions you might want to ask.

Upon receiving positive feedback and an acceptable price quote, you may have found an insurance agent that is professional and can properly service your car insurance policy. It’s important to know that policyholders can cancel your policy any time you want so don’t feel you’re contractually obligated to any specific agency with no way out.