Do you want to save money by buying low-cost Nissan 370Z insurance in Lubbock? Trying to find low-cost insurance for a new or used Nissan 370Z in Texas can normally be a lot of work, but you can learn these tips to save time. There are both good and bad ways to shop for insurance and you need to know the best way to compare rates for a Nissan and locate the lowest possible price either online or from Lubbock insurance agents.
Finding the cheapest coverage in Lubbock can be much easier if you know how to start. If you already have coverage or want to find a cheaper company, use these tips to cut your premiums and possibly find even better coverage. Drivers just need to learn the fastest way to compare rate quotes from many different companies online.
Which Nissan 370Z insurance is cheapest in Lubbock, TX?
Lowering your Nissan 370Z auto insurance rates is a fairly straight forward process. Just invest a few minutes comparing price quotes from some recommended companies.
The companies shown below have been selected to offer comparison quotes in Lubbock, TX. To find cheap car insurance in Lubbock, TX, it’s a good idea that you compare several of them to get the best price comparison.
Data for Nissan 370Z insurance
The rate table shown below covers different insurance coverage prices for Nissan 370Z models. Being more informed about how insurance policy rates are calculated can assist in making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $422 | $804 | $564 | $34 | $168 | $1,992 | $166 |
| 370Z 2-Dr Roadster | $470 | $804 | $500 | $30 | $150 | $1,954 | $163 |
| 370Z Touring 2-Dr Coupe | $470 | $908 | $564 | $34 | $168 | $2,144 | $179 |
| 370Z Touring 2-Dr Roadster | $470 | $804 | $500 | $30 | $150 | $1,954 | $163 |
| 370Z Nismo 2-Dr Coupe | $470 | $1014 | $564 | $34 | $168 | $2,250 | $188 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in your specific Lubbock location which can change price quotes considerably.
Nissan 370Z liability rates compared to full coverage
The diagram below shows the comparison of Nissan 370Z annual premium costs when comparing full coverage to state minimum liability only. The rate quotes are based on a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are applied to the premium.
Guidelines for dropping full coverage
There is no set rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s pretend your Nissan 370Z claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the deductible is paid. If you are currently paying more than $400 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
How to Lower Your Insurance Prices
The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that aid in calculating the price you pay for auto insurance. If you know what impacts premium levels, this allows you to make good choices that can help you get lower premium levels. Lots of things are used when pricing auto insurance. Some of the criteria are obvious like an MVR report, although some other factors are more obscure such as your credit history or how safe your car is.
Gender and auto insurance rates – The statistics show that women are safer drivers than men. The data does not necessarily mean that females are better drivers. They both are responsible for fender benders in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also statistically receive more costly citations like reckless driving and DUI. Male teenagers cause the most accidents and therefore pay the highest rates.
The example below shows the comparison of Nissan 370Z annual premium costs for male and female drivers. The information is based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Don’t get traffic citations – Your driving citation history has a lot to do with how much you pay for insurance. Getting just one speeding ticket or other violation could increase your next policy renewal twenty percent or more. Drivers who don’t get tickets get better prices than bad drivers. Drivers with license-revoking citations like DUI or willful reckless driving may need to complete a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
The example below demonstrates how citations and fender-benders can impact Nissan 370Z annual premium costs for different age groups. The costs are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
Do safer cars cost less to insure? – Vehicles that have high safety ratings can get you lower premiums. Safer cars reduce injuries and lower injury rates translates directly to fewer claims and thus lower rates. If your Nissan 370Z scored at minimum four stars on Safercar.gov you may pay a lower rate.
Lower annual miles equals lower premium – Driving a lot of miles each year the higher the price you pay to insure it. The majority of insurers calculate rates based upon how the vehicle is primarily used. Cars and trucks not used for work or commuting cost less to insure than those used for commuting. Make sure your declarations sheet is rated on the correct usage. Improper usage on your 370Z may be costing you.
Nissan 370Z insurance loss statistics – Companies use historical loss data to help calculate a profitable premium price. Models that tend to have higher frequency or amount of claims will have higher rates.
The next table shows the insurance loss data for Nissan 370Z vehicles. For each coverage category, the claim probability for all vehicles combined as an average is equal to 100. Values that are below 100 indicate a favorable loss history, while percentage values above 100 indicate frequent claims or larger claims.
| Specific Nissan 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Car insurance is not optional
Even though it’s not necessarily cheap to insure a Nissan in Lubbock, insurance is a good idea for several reasons.
First, the majority of states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your car with a loan, almost every bank will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank or lender will purchase a policy for your Nissan at a significantly higher premium and make you pay the higher premium.
Third, insurance protects both your assets and your vehicle. It will also provide coverage for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. On average, a vehicle owner in Lubbock is overpaying over $825 a year so it’s very important to do a rate comparison each time the policy renews to save money.
What is the best car insurance company in Lubbock?
Insuring your vehicle with a high-quality car insurance provider can be challenging considering how many companies provide coverage in Lubbock. The information in the lists below can help you pick which auto insurance companies you want to consider comparing prices from.
Top 10 Lubbock Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Lubbock Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+