Many vehicle enthusiasts dream of owning a sports car like a Nissan 370Z. This vehicle offers exceptional performance while being more affordable than competitors such as the Porsche 718 or the Audi TT. While there are many things to consider when purchasing and owning a 370Z, one of the most important should be insurance. Obtaining affordable coverage is crucial for protecting your investment while staying within your budget. Check out this article to learn more about Nissan 370Z insurance rates and discover how to get the best deal.
What Are the Average Nissan 370Z Insurance Rates?
The average insurance rate for a Nissan 370Z is $1,676 per year or $140 per month. This number comes from the averages for the following types of Nissan 370Z coverage:
- Comprehensive: $332 per year
- Collision: $714 per year
- Liability: $450 per year
How Do Nissan 370Z Insurance Rates Compare to Rates for Other Vehicles?
According to BuyAutoInsurance, the Nissan 370Z is more affordable to insure than competitors, such as the Mercedes-Benz CLA 250 and Audi S5. These vehicles have average yearly rates of $1,796 and $1,814, respectively. Cars that have rates more affordable than the Nissan 370Z’s $1,676 per year include the MINI Hardtop 2-Door ($1,292 per year) and Cadillac ATS Coupe ($1,586 per year).
What Insurance Should You Get for Your Nissan 370Z?
Insurance requirements vary by state, but here are some policies that can help you drive your Nissan 370Z with confidence:
- Bodily injury liability: Covers the cost of medical care for individuals who obtain injuries in an accident that was your fault.
- Property damage liability: Pays for damages to someone else’s property that occur as the result of an at-fault accident.
- Personal injury protection: Covers the cost of physical recovery for you and your passengers, regardless of who was at fault.
- Uninsured/underinsured motorist coverage: Offers financial protection if a driver with limited or no insurance hits your vehicle.
- Comprehensive: Pays for damages resulting from non-collision events such as falling objects, animals on the road, theft, or vandalism.
- Collision: Covers repair or replacement costs if your 370Z is in an accident with another vehicle.
- Glass coverage: Prevents you from having to pay out of pocket for windshield or window replacement.
What Factors Affect Nissan 370Z Insurance Rates?
Here are some factors that affect Nissan 370Z insurance rates:
- Annual mileage: If you drive your Nissan 370Z more than the average of 10,000 to 15,000 miles per year, your provider might charge you a higher rate. It’s important to be honest about your driving habits to qualify for coverage in the event of an accident.
- Vehicle’s year: While the Nissan 370Z is no longer in production, models are available from the 2009 to 2020 model years. Depreciation costs usually result in older models having lower insurance rates.
- Trim level: Nissan 370Zs from different years come in various trim levels. If you have a higher-end trim level, such as a Sport Touring Coupe or Nismo Coupe, instead of a basic coupe, the more advanced features might lead to a higher premium.
- Your age: Insurance providers consider young drivers high-risk clients because of their lack of driving experience. You might notice a significant difference in rates between a teen driver and their parent, especially if they’re driving a sports car like a Nissan 370Z.
- Your gender: While states like California and Hawaii don’t allow insurers to account for gender when determining someone’s premium, you might see discrepancies between the premiums of men and women in some states. The difference is most prominent in younger demographics, with the gender gap fading as drivers get older.
- Your location: If you live in a state that has more coverage requirements, you might pay more for insurance. Living in a big city can also affect your monthly premium because of the higher average vehicle repair and medical costs.
- Your driving record: Providers often look at your driving record to determine how much risk you would present as a client. If you have no traffic violations, you’re more likely to obtain a lower rate.
- Your credit score: A good credit score indicates a lower likelihood of filing expensive claims. While drivers with poor credit scores can obtain insurance, their rates tend to be higher.
How Can You Secure Affordable Nissan 370Z Insurance Rates?
Here are some tips for securing affordable Nissan 370Z insurance rates:
- Obtain minimum state coverage: If you get only the coverage your state requires, you can save several hundred dollars on car insurance. This method is especially practical if you have an older Nissan 370Z that is worth less and doesn’t require as much protection.
- Raise your deductible: Raising your deductible increases your out-of-pocket costs in the event of an accident. However, the risk can be worth it because it decreases your monthly premium.
- Compare rates from various providers: If you request quotes from different providers, you’ll likely receive vastly different numbers. You can get the best deal by shopping around, especially when you consider some providers offer better deals to high-risk drivers.
- Take advantage of discounts: Insurance companies often offer discounts to attract clients. You can save big by paying your premium in full instead of in monthly payments, being a good driver, or going paperless.
- Invest in an older car: If you’re looking to buy a Nissan 370Z, consider opting for an older model that comes in a basic trim level. The vehicle’s lower value and lack of advanced features can help you save on your monthly insurance payments.
If you own a Nissan 370Z or are looking to buy one, this guide on average insurance rates should help you secure the best deal. The vehicle is relatively affordable to insure despite its sports-car nature and advanced features on select trim levels. If you want to get a cheap rate, consider obtaining only your state’s minimum coverage, raising your deductible, and comparing rates from various providers.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.