Best Ways to Save on Newark Nissan GT-R Insurance

Discount Nissan GT-R insuranceThe recommended way to find low-cost Nissan GT-R insurance in Newark is to start comparing prices yearly from different companies that sell auto insurance in New Jersey. Price quotes can be compared by completing these steps.

An important bit of advice to remember is that you’ll want to make sure you compare similar deductibles and liability limits on every quote request and to quote with as many auto insurance providers as possible. This guarantees a fair rate comparison and a good representation of prices.

It’s hard to believe, but about 70% of customers have been with the same company for well over three years, and about 40% of consumers have never quoted rates to find cheap coverage. American drivers can save hundreds of dollars each year, but they just assume it takes a lot of time to go online and compare rates.

If you are already insured, you will surely be able to find better prices using the concepts you’re about to learn. Locating the best rates in Newark can initially seem challenging. But New Jersey consumers benefit from understanding the way companies price online insurance and take advantage of how the system works.

The quickest method we recommend to compare rates for Nissan GT-R insurance in Newark is to know most insurance companies have advanced systems to provide you with free rate quotes. The only thing you need to do is give the companies some data such as how your vehicles are used, whether or not you need a SR-22, how many miles driven, and whether your vehicle is owned or leased. The rating information is then submitted to multiple companies and they provide comparison quotes immediately.

To check rates for your Nissan GT-R now, click here and enter your zip code.

The car insurance companies shown below offer price comparisons in New Jersey. If multiple companies are listed, we recommend you get prices from several of them to get a more complete price comparison.

Buying the right Nissan vehicle insurance in New Jersey is an important decision

Even though it’s not necessarily cheap to insure a Nissan in Newark, auto insurance serves several important purposes.

The benefits of insuring your GT-R definitely exceed the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is overpaying over $800 each year so shop around at every policy renewal to help ensure money is not being wasted.

Nissan GT-R insurance coverage information

The coverage information below covers detailed analysis of insurance premium costs for Nissan GT-R models. Learning how rate quotes are calculated can help guide drivers when making smart choices when comparing insurance rates.

Nissan GT-R Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $476 $1180 $532 $32 $158 $2,378 $198
GT-R AWD 2-Dr $476 $1180 $532 $32 $158 $2,378 $198
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate quotes do not factor in specific location which can revise coverage prices greatly.

Policy deductibles

The hardest decision when buying coverage is how high should your deductibles be. The data tables below outline the rate differences of buying low and high physical damage coverage deductibles. The first data table uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.

Nissan GT-R insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $680 $1546 $408 $24 $122 $2,805 $234
GT-R AWD 2-Dr $680 $1546 $408 $24 $122 $2,805 $234
Get Your Own Custom Quote Go

Nissan GT-R insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
GT-R Premium AWD 2-Dr $496 $1044 $408 $24 $122 $2,094 $175
GT-R AWD 2-Dr $496 $1044 $408 $24 $122 $2,094 $175
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in vehicle location which can alter auto insurance rates greatly.

Based on these figures, using a $100 deductible could cost the average driver approximately $59 more each month or $708 each year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have at least 7 months between claim filings, you would save more money if you decide on a higher deductible.

The chart below shows how choosing a deductible and can increase or decrease Nissan GT-R insurance prices for each different age group. The premiums are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

Careless Newark drivers pay higher rates

The diagram below highlights how speeding tickets and accidents increase Nissan GT-R auto insurance costs for different age categories. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

Impact of age and gender on insurance rates

The example below illustrates the comparison of Nissan GT-R insurance premiums for male and female drivers. The prices are based on no accidents or driving violations, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are taken into consideration.

Rate difference between full and liability-only coverage

The diagram below visualizes the comparison of Nissan GT-R auto insurance costs when comparing full coverage to state minimum liability only. The premiums assume no accidents or driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to stop buying full coverage

There is no definitive formula of when to stop paying for physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Nissan GT-R replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 annually to have full coverage, then you might consider buying liability only.

There are a few cases where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Don’t overlook these eight Nissan GT-R insurance discounts

Properly insuring your vehicles can get expensive, but companies offer discounts to help bring down the price. Certain reductions will be credited at quote time, but a few must be specially asked for before being credited.Cheaper car insurance with discounts

Please keep in mind that some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, car insurance companies aren’t that generous.

The diagram below illustrates the difference between Nissan GT-R insurance premiums with and without discounts applied to the policy premium. The data assumes a male driver, no claims or violations, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.

Large car insurance companies and the discounts they provide are shown below.

Double check with each insurance company to give you their best rates. A few discounts may not apply in your state. If you would like to choose from a list of insurers with discount car insurance rates in Newark, click here to view.

Local Newark insurance agents

Some consumers just prefer to talk to an insurance agent and that can be a great decision The best thing about getting online price quotes is the fact that drivers can get cheap rate quotes and still buy from a local agent.

Insurance agents in NewarkAfter filling out this simple form, the coverage information is submitted to local insurance agents in Newark that provide free Newark auto insurance quotes for your coverage. There is no need to search for any insurance agencies due to the fact that quote results will go to the email address you provide. You can most likely find cheaper rates and a licensed agent to work with. In the event you want to compare prices from a particular provider, you would need to go to their quote page to submit a rate quote request.

Choosing an insurer should include more criteria than just the price. Here are some questions you should ask.

Exclusive and independent Newark auto insurance agents

If you want a local Newark insurance agent, you must know there are a couple different types of agents and how they are slightly different. Newark agents are categorized either independent (non-exclusive) or exclusive.

Exclusive Insurance Agencies

These type of agents can only place business with one company like State Farm, Allstate and AAA. They generally cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. These agents are highly trained on their company’s products which helps them compete with independent agents.

Listed below are Newark exclusive insurance agents that can give you price quotes.

570 Broad St #114Newark, NJ 07102(973) 648-0699View Map

229 Bloomfield AveNewark, NJ 07104(973) 482-1975View Map

66 Wilson AveNewark, NJ 07105(973) 690-6400View Map

More Newark agents

Independent Insurance Agencies

Agents of this type are not employed by one company and that is an advantage because they can write policies with a variety of different insurance companies and get you the best rates possible. If your agent finds better pricing, they simply switch companies in-house and you don’t have to switch agencies. If you are comparing rate quotes, it’s a good idea to get several quotes from at a minimum one independent agency in order to have the best price comparison.

Listed below are independent agencies in Newark that can give you price quote information.

360 Lafayette StNewark, NJ 07105(973) 589-7550View Map

1423 McCarter HwyNewark, NJ 07104(973) 732-3794View Map

306 Chestnut StNewark, NJ 07105(973) 344-6203View Map

More Newark agents

If you receive good responses to these questions and a low price estimate, it’s possible that you found an insurance agent that is a good match to service your policy. Keep in mind you have the power to cancel coverage any time you want so don’t assume that you are obligated to a specific company for the entire policy term.

When in doubt talk to an agent

When choosing coverage online or from an agent, there really is no single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed.Safe vehicles cost less to insure
These are some specific questions may help you determine whether you might need an agent’s assistance.

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Auto insurance policy specifics

Knowing the specifics of a auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages offered by auto insurance companies.


This can cover damages or injuries you inflict on a person or their property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 15/30/5 that means you have $15,000 bodily injury coverage, $30,000 for the entire accident, and $5,000 of coverage for damaged property.

Liability coverage protects against claims like pain and suffering, bail bonds, medical services and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. New Jersey state law requires minimum liability limits of 15/30/5 but you should think about purchasing better liability coverage.

The next chart shows why buying minimum limits may not provide you with enough coverage.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, theft and damage from getting keyed. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your GT-R resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like colliding with a tree, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible on your GT-R to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for chiropractic care, dental work, surgery, hospital visits and X-ray expenses. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Nissan GT-R.

Due to the fact that many New Jersey drivers only carry the minimum required liability limits (15/30/5), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

How much can you save?

We covered quite a bit of information on how to lower your Nissan GT-R insurance rates in Newark. The key thing to remember is the more you quote Newark auto insurance, the more likely it is that you will get a better rate. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies. Smaller companies can often provide lower car insurance rates in certain areas as compared to the big name companies such as State Farm or Progressive.

Cost effective Nissan GT-R insurance can be purchased on the web in addition to local insurance agencies, and you need to price shop both to have the best chance of lowering rates. Some insurance providers don’t offer rates over the internet and most of the time these regional carriers only sell coverage through local independent agents.

Additional information