Car Insurance Rate Quotes for a Nissan 370Z in Cleveland

Insurance quote for Nissan 370Z in ClevelandWe don’t have to tell you that insurance companies don’t want you comparing rates. Insureds who shop around for cheaper prices will presumably switch auto insurance companies because they stand a good chance of finding a policy with better rates. A study showed that consumers who regularly compared rates saved as much as $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding low prices for insurance in Cleveland is your ultimate objective, knowing the best way to quote and compare coverages can help make the process easier and more efficient.

The easiest way to get affordable Nissan 370Z insurance in Cleveland is to compare prices annually from insurance carriers in Ohio. Drivers can shop around by following these steps.

First, read and learn about car insurance and the measures you can take to prevent expensive coverage. Many risk factors that result in higher rates like getting speeding tickets and a negative credit score can be improved by making lifestyle changes or driving safer.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while independent agencies can quote rates from multiple insurance companies.

Third, compare the new rates to your existing coverage to determine if switching companies saves money. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.

Fourth, notify your current company of your decision to cancel the current policy. Submit the signed application along with the required initial payment to the new insurer. Once coverage is bound, place the new proof of insurance paperwork somewhere easily accessible.

One thing to remember is to use the same physical damage deductibles and liability limits on every quote request and and to get price estimates from as many carriers as you can. Doing this provides a fair price comparison and a complete price analysis.

If you currently have a car insurance policy, you will surely be able to cut your premiums using the tips covered below. Buying affordable insurance in Cleveland is really quite easy. But Ohio drivers can benefit from knowing how big insurance companies determine premium rates because it can help you find the best coverage.

How to compare Nissan 370Z insurance rate quotes in Cleveland, OH

The are a couple different ways of comparing rates from auto insurance companies in your area. One of the best ways to find competitive Nissan 370Z insurance rates is simply to get online rate quotes.

Online shopping is fast and free, and it takes the place of having to actually drive to all the different insurance agencies. Comparing Nissan 370Z insurance rates online reduces the need to sit down with an agent unless you prefer the professional advice that only an agent can give. You can, however, obtain prices from the web and still use a local agent.

It’s important to know that comparing a large number of companies gives you a better chance of getting the best price. Some smaller insurers do not give rate quotes online, so it’s important to compare prices from those companies as well.

The companies shown below provide quotes in Ohio. If you wish to find the best auto insurance in Cleveland, it’s highly recommended you click on several of them to get the most affordable price.

Discounts for affordable car insurance quotes

Some insurance providers do not list the complete list of policy discounts in an easy-to-find place, so the below list has a few of the more well known and also the lesser-known ways to save on car insurance.Cheaper car insurance with discounts

As a sidenote, most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as comp or med pay. Despite the appearance that all those discounts means the company will pay you, you’re out of luck.

The diagram below shows the comparison of Nissan 370Z insurance prices with and without discounts. The price estimates are based on a male driver, no claims, a clean driving record, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.

To find insurance companies that provide some of the discounts listed above in Cleveland, click this link.

Insurance coverage details

The information shown next covers a range of insurance rates for Nissan 370Z models. Knowing how auto insurance policy rates are figured can be valuable when making smart choices when buying a policy.

Nissan 370Z Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
370Z 2-Dr Coupe $152 $332 $242 $14 $72 $812 $68
370Z 2-Dr Roadster $170 $332 $214 $12 $64 $792 $66
370Z Touring 2-Dr Coupe $170 $376 $242 $14 $72 $874 $73
370Z Touring 2-Dr Roadster $170 $332 $214 $12 $64 $792 $66
370Z Nismo 2-Dr Coupe $170 $420 $242 $14 $72 $918 $77
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rate information does not factor in specific zip code location which can decrease or increase coverage rates considerably.

Can higher deductibles save money?

One of the hardest decisions when shopping for car insurance is how high or low should comp and collision deductibles be. The figures shown below may help to illustrate how much more you’ll pay when you select higher and lower insurance deductibles. The first pricing table uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.

Nissan 370Z insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
370Z 2-Dr Coupe $220 $478 $256 $16 $76 $1,071 $89
370Z 2-Dr Roadster $246 $478 $226 $14 $68 $1,057 $88
370Z Touring 2-Dr Coupe $246 $542 $256 $16 $76 $1,161 $97
370Z Touring 2-Dr Roadster $246 $478 $226 $14 $68 $1,057 $88
370Z Nismo 2-Dr Coupe $246 $604 $256 $16 $76 $1,223 $102
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Nissan 370Z insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
370Z 2-Dr Coupe $160 $324 $256 $16 $76 $832 $69
370Z 2-Dr Roadster $180 $324 $226 $14 $68 $812 $68
370Z Touring 2-Dr Coupe $180 $366 $256 $16 $76 $894 $75
370Z Touring 2-Dr Roadster $180 $324 $226 $14 $68 $812 $68
370Z Nismo 2-Dr Coupe $180 $408 $256 $16 $76 $936 $78
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rates do not factor in vehicle garaging location which can influence auto insurance rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $21 more each month or $252 for a full year across all Nissan 370Z models than quoting the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 19 months between claims, you would come out ahead by going with a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $93
Average monthly premium for $500 deductibles (subtract): – $72
Monthly savings from raising deductible: $21
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Insurance premiums for males and females

The example below shows the difference between Nissan 370Z insurance premiums for male and female drivers. The data assumes no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, single status, and no policy discounts are applied.

Cleveland Insurance Rates are Influenced by These Factors

A large part of saving on car insurance is knowing some of the elements that are used to determine the rates you pay for car insurance. If you have a feel for what determines premiums, this allows you to make good choices that will entitle you to big savings. Many different elements are used in the calculation when pricing auto insurance. A few of the factors are predictable like an MVR report, although others are more transparent such as your credit history or your vehicle rating.

The items below are most of the major factors used by insurance companies to determine your rates.

More performance means higher costs – The make and model of the car you are insuring makes a big difference in your auto insurance rates. The lowest rates tend to be for small economy passenger cars, but the cost you end up paying is determined by many additional factors.

The chart below uses these variables: single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. It compares Nissan 370Z insurance rates compared to other models that have a range of performances.

Extra policy coverages you don’t use – There are quite a few additional extra coverages that can add up but may not be useful. Insurance for vanishing deductibles, accidental death, and motor club memberships may be costing you every month. You may think they are a good idea when discussing your needs, but if you have no use for them remove them and pocket the money.

Do safer cars cost less to insure? – Cars with high safety ratings are cheaper to insure. The safest vehicles reduce occupant injuries and any reduction in injury severity means your insurance company pays less passed on to you as lower rates. If your Nissan 370Z earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

How many coverages with the same company – Lots of insurance companies afford a discount to insureds who consolidate policies with them. It’s known as a multi-policy discount. Even with this discount, drivers will still want to check prices from other companies to make sure you are getting the best deal.

Pleasure use saves money – Driving a lot of miles each year the more it will cost to insure it. A lot of companies apply a rate based upon how the vehicle is primarily used. Autos not used for work or commuting can be on a lower rate level than cars that get driven a lot. Improper usage on your 370Z may be costing you higher rates. It’s always a good idea to double check that your vehicle rating reflects the correct usage for each vehicle.

Nissan 370Z claim data – Insurance companies use past loss statistics for each vehicle when setting premium prices. Vehicles that are shown to have high amounts or severity of claims will have higher rates. The next table shows the collected loss data for Nissan 370Z vehicles.

For each coverage category, the loss probability for all vehicles compiled together equals 100. Values under 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more losses or tendency to have larger claims.

Insurance Loss Ratings for Nissan 370Z Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Nissan 370Z 2dr 164 88 132 91 88
Nissan 370Z Convertible 129 73

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