Cheap Insurance for a Nissan GT-R in Baltimore

Insurance rates Nissan GT-R in BaltimoreWe don’t have to tell you that car insurance companies don’t want policyholders to shop around. Drivers who shop around for cheaper prices will presumably move their business because of the good chance of finding coverage at a more affordable price. Surprisingly, a recent survey revealed that people who compared rate quotes regularly saved as much as $72 a month compared to policyholders who never shopped around for cheaper prices.

If saving money on auto insurance in Baltimore is your objective, then having some insight into how to shop and compare insurance rates can make it easier to shop your coverage around.

Really, the only way to get affordable car insurance rates is to regularly compare quotes from insurance carriers who provide car insurance in Baltimore. You can compare prices by completing these steps.

An important bit of advice to remember is to try to use the same deductibles and limits on each price quote and to quote with as many carriers as you can. This ensures a fair rate comparison and the best price selection.

If you have a policy now or just want to reduce your rates, use these techniques to find the best rates while maximizing coverage. Buying affordable insurance in Baltimore can be easy if you know a few tricks. Shoppers just need to know the best way to compare prices on the web.

Most major insurance companies make it easy to get coverage price quotes online. Doing online quotes for Nissan GT-R insurance in Baltimore is fairly simple as you simply enter your required coverages on the page. Behind the scenes, their system gets your credit score and driving record and returns a price. Quoting online for Nissan GT-R insurance in Baltimore helps simplify price comparisons, and it’s very important to compare as many rates as possible in order to find the best rate possible.

To find out how much you can save on auto insurance, take a look at the companies shown below. To compare your current rates, we recommend you enter deductibles and limits exactly as shown on your declarations page. Using the same limits helps guarantee you are getting comparison quotes for similar coverage.

The companies shown below have been selected to offer price comparisons in Baltimore, MD. If you want to find the cheapest car insurance in Baltimore, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Insurance rate breakdown

The table shown below outlines estimates of insurance costs for Nissan GT-R models. Learning as much as possible about how premiums are formulated is important for drivers to make smart choices when buying a car insurance policy.

Nissan GT-R Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $588 $1094 $452 $26 $136 $2,296 $191
GT-R AWD 2-Dr $588 $1094 $452 $26 $136 $2,296 $191
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can raise or lower rates significantly.

Choosing deductibles

When buying car insurance, a common question is the level to set your comp and collision deductibles. The following tables sum up the rate fluctuation when you choose different deductibles. The first table uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.

Nissan GT-R insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $574 $1306 $346 $20 $104 $2,375 $198
GT-R AWD 2-Dr $574 $1306 $346 $20 $104 $2,375 $198
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Nissan GT-R insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $420 $882 $346 $20 $104 $1,772 $148
GT-R AWD 2-Dr $420 $882 $346 $20 $104 $1,772 $148
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in garaging location in Baltimore which can raise or lower premiums significantly.

Based on the figures above, using a $100 deductible would cost the average driver about $50 more each month or $600 each year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 8 months between claims, you would probably come out ahead if you decide on a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $198
Average monthly premium for $500 deductibles (subtract): – $148
Monthly savings from raising deductible: $50
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 8 months

An important thing to remember is that higher deductibles results in a higher out-of-pocket expense when you file a claim. It will be required that you have some non-essential savings in order to pay the higher deductible in order to repair your vehicle.

Driving violations and accidents

The chart below shows how speeding tickets and at-fault fender-benders can increase Nissan GT-R insurance rates for each different age group. The data assumes a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Nissan GT-R liability rates compared to full coverage

The illustration below compares Nissan GT-R insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents, no driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.

When to stop paying for full coverage

There isn’t a steadfast formula of when to drop full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s assume your Nissan GT-R book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are paying in excess of $200 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Auto insurance is an important decision

Despite the high cost, paying for auto insurance may not be optional for several reasons.

The benefits of buying enough insurance more than offset the price you pay, especially when you need to use it. Despite what companies tell you, the average driver is overpaying over $869 every year so smart consumers compare quotes once a year at a minimum to save money.

Informed Drivers Can Save Money

Consumers need to have an understanding of the factors that aid in calculating the level of your policy premiums. If you know what determines premiums, this enables you to make decisions that can help you get lower car insurance prices.

Lower your auto insurance rates with discounts

Some insurance providers don’t always publicize all their discounts very well, so the following is a list of some of the best known and also the lesser-known credits that may apply to you.Discount auto insurance

It’s important to note that some of the credits will not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky. But any discount should definitely cut the amount you have to pay.

The information below illustrates the difference between Nissan GT-R car insurance costs with and without discounts applied. The premium estimates are based on a female driver, no accidents or driving violations, Maryland state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, safe-driver, and marriage discounts applied.

Auto insurance companies who may offer many of the previously listed discounts include:

When getting a coverage quote, ask each company what discounts are available to you. Some discounts listed above might not be offered in Baltimore. If you would like to view auto insurance companies that offer some of these discounts in Maryland, click here to view.

Independent versus exclusive car insurance agents

Some people still like to sit down and talk to an agent and that is not a bad decision Good insurance agents can help you choose the best coverages and help in the event of a claim. An additional benefit of comparing insurance prices online is you can get lower auto insurance rates and also buy local.

Insurance agents in BaltimoreOnce you complete this form (opens in new window), your information is transmitted to participating agents in Baltimore who want to provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to visit any agencies because prices are sent to you. In the event you want to get a comparison quote from one company in particular, feel free to find their quoting web page to submit a rate quote request.

Finding a good insurance company requires more thought than just the bottom line cost. Here are some questions to ask:

Auto insurance companies ranked

Ending up with a good quality company can be a challenge considering how many companies there are in Baltimore. The company ratings below could help you choose which car insurance providers you want to consider buying from.

Top 10 Baltimore Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Top 10 Baltimore Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Find cheaper auto insurance rates by comparing often

When trying to cut insurance costs, make sure you don’t skimp on coverage in order to save money. There are a lot of situations where drivers have reduced liability coverage limits and discovered at claim time that it was a big mistake. Your strategy should be to get the best coverage possible at an affordable rate and still be able to protect your assets.

Budget-friendly auto insurance in Baltimore can be sourced from both online companies as well as from independent agents in Baltimore, and you should compare price quotes from both to have the best selection. A few companies may not provide the ability to get a quote online and usually these regional carriers only sell through independent agencies.

Throughout this article, we presented a lot of techniques to get a better price on Nissan GT-R insurance in Baltimore. The key concept to understand is the more times you quote, the better your chances of lowering your prices. Consumers could even find that the biggest savings come from a small mutual company. They often have lower prices on specific markets as compared to the big name companies such as Allstate and Progressive.

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