Car owners not familiar with comparison shopping online may find sourcing cheaper GT-R insurance is harder than it needs to be.
Surprisingly, a recent survey revealed that the majority of drivers kept buying from the same company for more than four years, and virtually 40% of consumers have never compared rates to find lower-cost insurance. American drivers can save almost $850 each year just by shopping around, but they just assume it's a time-consuming process to save money by comparing rate quotes.
Buy Fort Collins Nissan GT-R insurance online
When comparing auto insurance rates, know that having more price comparisons will increase your chances of finding a lower rate than you're paying now.
The companies in the list below are ready to provide quotes in Fort Collins, CO. If multiple companies are listed, it's a good idea that you visit as many as you can in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|GT-R Premium AWD 2-Dr||$362||$764||$298||$18||$90||$1,532||$128|
|GT-R AWD 2-Dr||$264||$672||$388||$22||$116||$1,462||$122|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can alter premiums substantially.
Annual premiums for males compared to females in Fort Collins
The chart below visualizes the comparison of Nissan GT-R insurance costs for male and female drivers. The premium estimates are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
Liability only or full coverage
The diagram below illustrates the comparison of Nissan GT-R car insurance rates with full coverage compared to only the Colorado minimum liability coverage. The premiums assume no accidents, no driving violations, $1,000 deductibles, single female driver, and no discounts are factored in.
When to switch to liability coverage only
There is no definitive rule to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let's say your Nissan GT-R book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your deductible. If premiums are more than $400 a year to have full coverage, then it's probably a good time to buy liability coverage only.
There are some circumstances where dropping physical damage coverage is not a good idea. If you haven't satisfied your loan, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Car insurance policy discounts you can't miss
Some companies don't always list every policy discount very clearly, so we break down both well-publicized and also the lesser-known discounts that you can inquire about if you buy Fort Collins auto insurance online.
- Save with More Vehicles Insured - Insuring multiple cars or trucks on the same car insurance policy qualifies for this discount.
- Student Discounts - Performing well in school could provide a savings of up to 20% or more. Earning this discount can benefit you well after school through age 25.
- Driver Training Discounts - Participating in a safe driver course could cut 5% off your bill depending on where you live.
- Drivers Ed for Students - Require your teen driver to participate in a local driver's education class if offered at their school.
- Discounts for Federal Employees - Simply working for the federal government could cut as much as 10% off depending on your company.
- Military Deployment Discount - Having an actively deployed family member could qualify you for better prices.
A little disclaimer on discounts, most credits do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, insurance companies wouldn't stay in business.
To choose insurance companies offering car insurance discounts in Fort Collins, click here.
Local Fort Collins car insurance agents
Many drivers still like to get advice from a local agent and that is OK! The best thing about comparing insurance prices online is you can get cheap rate quotes and also buy local. Buying from and supporting local insurance agencies is definitely important in Fort Collins.
By using this short form, the coverage information is transmitted to local insurance agents who will gladly provide quotes for your coverage. It simplifies rate comparisons since you won't have to search for an agent as quotes are delivered directly to your email. You can get cheaper insurance rates without having to waste a lot of time. If for some reason you want to get a rate quote from one company in particular, you just need to jump over to their website to submit a rate quote request.
Two types of car insurance agents
When searching for a good insurance agency, it's important to understand the types of agencies and how they are distinctly different. Insurance agents in Fort Collins can be described as either independent agents or exclusive agents depending on their employer.
Independent Agencies or Brokers
Agents that elect to be independent do not sell for just one brand so they can insure your vehicles through lots of different companies and find the cheapest rate. If your premiums go up, your agent can just switch to a different company and you stay with the same agent. When comparison shopping, we recommend you include rate quotes from independent agents so that you can do a thorough price comparison. A lot of them also have access to additional companies that you may not be familiar with which can be an advantage.
Shown below is a small list of independent agents in Fort Collins who may provide free rate quotes.
- Brown and Brown Insurance
4532 E Boardwalk Dr #200 - Fort Collins, CO 80525 - (970) 482-7747 - View Map
- Fort Collins Insurance Agency, LLC
1730 S College Ave #202 - Fort Collins, CO 80525 - (970) 222-9477 - View Map
- Ameri Quote Insurance and Financial Services
1015 W Horsetooth Rd - Fort Collins, CO 80526 - (970) 221-1141 - View Map
Exclusive Insurance Agents
Agents that elect to be exclusive can only place business with one company like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot give you multiple price quotes so keep that in mind. Exclusive agencies are usually well trained on the products they sell and that can be a competitive advantage. Consumers sometimes use the same agent primarily because of the prominent brand name rather than having the cheapest rates.
Shown below is a list of exclusive insurance agents in Fort Collins willing to provide rate quotes.
- Farmers Insurance - David Stansfield
5125 S College Ave b - Fort Collins, CO 80525 - (970) 204-0020 - View Map
- Farm Bureau Insurance
335 E Mountain Ave - Fort Collins, CO 80524 - (970) 482-3952 - View Map
- American Family Insurance - Daniel B Richmond Agency Inc.
923 E Prospect Rd - Fort Collins, CO 80525 - (970) 484-2881 - View Map
Finding the right auto insurance agent shouldn't rely on just a low price. These questions are important to ask:
- Do they write coverage based solely on cost?
- How does the company pay claims for a total loss?
- Are claims handled at the agent's location?
- Who is covered by the car insurance policy?
- If they are an independent agency in Fort Collins, which companies do they recommend?
- Does the agency have a positive business rating?
You Can Change Your Insurance Rates
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that come into play when calculating your auto insurance rates. When you know what positively or negatively influences your rates, this helps enable you to make changes that can help you get big savings.
Listed below are a few of the things used by your company to calculate rates.
Your location is important - Choosing to live in a small town can save you money when shopping for auto insurance. City drivers have to deal with more road rage incidents and more time behind the wheel. Fewer drivers on the road means reduced accidents as well as less vandalism and auto theft.
An active claims history can increase rates - Insurance companies in Colorado generally give better rates to insureds who do not file claims often. If you file claims often, you can look forward to much higher rates or policy non-renewal. Auto insurance is designed for more catestrophic claims.
Getting married is a bonus - Getting married can get you a discount on auto insurance. Having a significant other demonstrates that you tend to be more mature than a single person and it's statistically proven that drivers who are married are more cautious.
Are women or men drivers cheaper? - Statistics show that men are more aggressive behind the wheel. It does not mean men are worse drivers. Both sexes tend to get into accidents in similar numbers, but men cause more damage. Men also statistically have more aggressive citations like driving under the influence (DUI). Young men ages 16 to 20 tend to get in the most accidents and therefore pay the highest rates.
Do you know your comp and collision deductibles? - Comp and collision deductibles represent how much money you are required to spend if a covered claim is submitted. Insurance for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply could be collision with another vehicle, hail damage, and damage caused by road hazards. The more of the claim the insured is willing to pay, the lower your rates will be.
Lower miles equals lower premium - The more you drive every year the higher your rates will be. Many insurance companies price each vehicle's coverage based upon how the vehicle is primarily used. Vehicles that do not get driven very much receive better premium rates than those that get driven frequently. Double check that your vehicle rating is showing the correct usage for each vehicle, because improper ratings can cost you money. An improperly rated GT-R may be wasting your money.
Premiums are lower the older you get - Inexperience drivers are proven to be inattentive when driving so they pay higher auto insurance rates. More mature drivers are proven to be safer behind the wheel, file fewer claims, and usually have better credit.
Nissan GT-R claim statistics - Insurers include the past claim history for a vehicle when they calculate premium rates for each model. Vehicles that the data determines to have higher number or severity of losses will have increased rates. The next table shows the compiled insurance loss statistics for Nissan GT-R vehicles.
For each insurance policy coverage type, the loss probablilty for all vehicles averaged together is equal to 100. Percentage numbers below 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or statistically larger claims.
Nissan GT-R Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan GT-R 2dr 4WD||373||82||317|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance does more than just protect your car
Even though it's not necessarily cheap to insure a Nissan in Fort Collins, insurance is not optional due to several reasons.
- Almost all states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Nissan has a lienholder, more than likely the lender will stipulate that you have insurance to guarantee loan repayment. If the policy lapses, the bank or lender will purchase a policy for your Nissan at a more expensive rate and force you to reimburse them the higher premium.
- Insurance safeguards not only your Nissan GT-R but also your financial assets. It will also reimburse you for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers legal expenses if anyone sues you for causing an accident. If you have damage to your Nissan as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car are definitely more than the cost, especially for larger claims. Today the average American driver is currently overpaying as much as $820 a year so you should quote rates at every renewal to ensure rates are competitive.
A conclusion for your car insurance search
While you're price shopping online, it's a bad idea to buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced full coverage only to regret that it was a big error on their part. Your objective should be to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.
Cheaper Nissan GT-R insurance in Fort Collins is available online and from local agencies, and you should compare rates from both to have the best chance of lowering rates. Some car insurance companies do not provide rate quotes online and usually these regional carriers work with local independent agents.
Consumers switch companies for any number of reasons including an unsatisfactory settlement offer, poor customer service, not issuing a premium refund and high prices. Whatever your reason, finding a new company is less work than it seems.
For more information, take a look at these articles:
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance for a Nissan Altima in Colorado? (FAQ)
- Who Has Cheap Colorado Auto Insurance for Welfare Recipients? (FAQ)
- What is the Cheapest Car Insurance in Commerce City, Colorado? (FAQ)
- What Car Insurance is Cheapest for Homeowners in Colorado? (FAQ)
- Who Has Affordable Colorado Auto Insurance for a 20 Year Old Female? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Airbag FAQ (iihs.org)
- Young Drivers: The High Risk Years Video (iihs.org)