Cheap Insurance for a Nissan 370Z in Santa Ana

Amazingly, a recent NerdWallet.com study showed that most drivers have stayed with the same insurance company for well over three years, and virtually 40% of consumers have never compared insurance rates at all. Drivers in California can save nearly 35% each year just by comparing rates, but they just don't understand the benefits if they just switched companies.

If you want to save the most money, the best way to find lower priced Nissan 370Z insurance in Santa Ana is to compare prices at least once a year from different companies who provide auto insurance in California.

1. Read about how insurance works and the factors you can control to prevent rate increases. Many risk factors that increase rates such as speeding tickets, accidents and a less-than-favorable credit score can be eliminated by paying attention to minor details. Keep reading for more information to help find cheaper rates and earn a bigger discount.
2. Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for many different companies.
3. Compare the new quotes to your existing policy to see if you can save by switching companies. If you find a lower rate, make sure there is no coverage gap between policies.

The key aspect of shopping around is to try to use similar limits and deductibles on each quote and and to get prices from as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and and a good selection of different prices.

The goal of this article is to instruct you on how insurance works. If you have auto insurance now, you will be able to find the best rates using these tips. Although California car owners should learn the methods companies use to determine how much to charge and apply this information to your search.

When comparing insurance rates, know that comparing a wide range of rates will enable you to find a better price.

The companies shown below can provide price comparisons in Santa Ana, CA. If multiple companies are shown, we suggest you visit as many as you can to get a more complete price comparison.

Nissan 370Z coverage analysis

The rate table shown next highlights detailed analysis of coverage costs for Nissan 370Z models. Having a better understanding of how insurance prices are established is important for making smart choices when comparing insurance rates.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price information does not factor in specific Santa Ana garaging location which can lower or raise premiums significantly.

Rate comparison for different deductibles

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The premium rates below may aid in understanding the rate differences between low and high physical damage deductibles. The first data set uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location information which can raise or lower auto insurance rates significantly.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $41 more each month or $492 annually across all Nissan 370Z models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 18 months between claims, you would save more money if you choose a higher deductible.

The example below illustrates how choosing a deductible and can affect Nissan 370Z insurance premiums for different age groups of insureds. The prices are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

Should you buy full coverage?

The information below visualizes the comparison of Nissan 370Z insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied to the premium.

When to drop comprehensive and collision

There is no specific rule of when to phase out physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let's say your Nissan 370Z settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after the deductible is paid. If you are paying in excess of $800 a year for full coverage, then it could be time to drop full coverage.

There are some conditions where buying only liability insurance is not financially feasible. If you haven't satisfied your loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Smart Buyers Can Reduce Insurance Rates

The best way to find cheaper auto insurance is to take a look at some of the elements that aid in calculating the rates you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in lower auto insurance prices. Many factors are taken into consideration when pricing auto insurance. Some of the criteria are obvious like your driving record, but others are more obscure like where you live and annual miles driven.

The itemized list below are just a few of the factors utilized by car insurance companies to help set prices.

• Males pay more for insurance - Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Women and men tend to get into fender benders at about the same rate, but guys tend to have higher claims. Not only that, but men also get cited for more serious violations like DUI and reckless driving. Males from age 16 to 21 have the highest risk to insure so they pay the highest premiums.

  The example below shows the comparison of Nissan 370Z insurance costs for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $250 deductibles, marital status is single, and no additional discounts are factored in.
• Combine and save - Lots of auto insurance companies provide lower prices to clients who carry more than one policy. It's known as a multi-policy discount. If you currently are using one company, you may still want to compare other company rates to guarantee you are still saving the most.There is a chance you can find lower rates even if you have your coverage with different companies
• Raising deductibles saves money - Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Examples of covered claims would be a broken windshield, hitting a deer, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles define the amount you are willing to pay before your auto insurance pays a claim. The larger the amount you pay before a claim is paid (deductible), the less your auto insurance will be.
• Occupation stress can make you pay more - Did you know your job can affect your rates? Occupations like military personnel, police officers, and accountants generally have higher rates than average due to high stress and lengthy work days. On the other hand, occupations such as scientists, historians and the unemployed have lower than average premiums.

• Careless drivers pay higher premiums - Whether or not you get tickets influences premium rates substantially. Only having one ticket can increase the cost of insurance twenty percent or more. Drivers who don't get tickets tend to pay less for car insurance than bad drivers. Drivers unfortunate enough to have severe violations such as hit and run, DWI or reckless driving convictions may need to file a SR-22 with their state's licensing department in order to prevent a license revocation.

  The information below highlights how speeding tickets and at-fault fender-benders can drive up Nissan 370Z yearly insurance costs for each different age category. Data assumes a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
• Lower rates with GPS tracking and theft deterrents - Owning a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop vehicle theft.
• Liability coverage risk factors - The liability coverage on your policy provides coverage in the event that a court rules you are at fault for an accident. It will provide legal defense which can cost a lot. Liability insurance is pretty cheap compared to physical damage coverage, so buy as much as you can afford.

• Nissan 370Z statistical loss data - Insurance companies use statistical claims data as a tool for profitable underwriting. Models that historically have higher losses will cost more for coverage. The next table illustrates the historical loss data for Nissan 370Z vehicles.

  For each policy coverage, the claim probability for all vehicles, as an average, is a value of 100. Percentage values below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or statistically larger claims.

  Insurance Loss Ratings for Nissan 370Z Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Nissan 370Z 2dr	164	88	132	91		88
  Nissan 370Z Convertible	129		73

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance just makes sense

Despite the high cost of buying insurance for a Nissan 370Z in Santa Ana, insuring your vehicle is a good idea for several reasons.

First, just about all states have compulsory liability insurance requirements which means you are required to carry a specific level of liability insurance if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your 370Z has a lienholder, more than likely the lender will have a requirement that you have physical damage coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Nissan at a more expensive rate and force you to pay the higher premium.

Third, insurance protects not only your vehicle but also your financial assets. It will also pay for many types of medical costs incurred in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you cause an accident and are sued. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage.

The benefits of buying insurance outweigh the cost, especially when you need to use it. The average driver in California overpays as much as $855 a year so we recommend shopping around once a year at a minimum to be sure current rates are still competitive.