Do you want to learn how to find more competitive car insurance rates in Madison, WI? Madison consumers have options when looking for the best price on Nissan GT-R insurance. You can either spend your time contacting agents to compare prices or leverage the internet to get rate quotes. There are both good and bad ways to shop for car insurance so you’re going to learn the quickest way to get price quotes for a Nissan and get the lowest possible price either online or from Madison insurance agents.
If you have a current car insurance policy or just want to reduce your rates, you can use these tips to cut your premiums and still get good coverage. The goal of this article is to teach you the best way to buy inexpensive car insurance and some tips to save money. Shoppers just need to use the quickest way to compare different rates from multiple carriers.
Earn discounts on Madison car insurance
Auto insurance companies don’t list the entire discount list very well, so the list below contains both well-publicized as well as the least known credits that you can use to lower your rates.
- No Claim Discounts – Good drivers with no accidents have much lower rates compared to frequent claim filers.
- Military Deployment Discount – Being on active duty in the military could trigger a small discount.
- Save with a New Car – Adding a new car to your policy can be considerably cheaper because new model year vehicles have to meet stringent safety requirements.
- Defensive Driving Course – Taking part in a course that instructs on driving safety could save 5% or more and also improve your driving technique.
- Auto/Life Discount – Some companies give a lower car insurance rate if you buy auto and life insurance together.
- Onboard Data Collection – Drivers who elect to allow driving data collection to track vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
- Multiple Vehicles – Drivers who insure primary and secondary vehicles on a single policy can get a discount for every vehicle.
You can save money using discounts, but some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as comp or med pay. Even though the math looks like you can get free auto insurance, it’s just not the way it works.
The example below shows the difference between Nissan GT-R auto insurance rates with and without discounts being applied to the rates. The data assumes a female driver, no claims or violations, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, claim-free, safe-driver, and marriage discounts applied.
Some of the larger companies that may include these money-saving discounts include:
When getting a coverage quote, ask each company or agent the best way to save money. Discounts might not be offered on policies in your area. To choose companies with discount rates in Madison, follow this link.
The auto insurance companies shown below are our best choices to provide free rate quotes in Madison, WI. If you want the cheapest auto insurance in Wisconsin, we suggest you get prices from several of them in order to find the lowest rates.
Rates and statistics
The premium table displayed next showcases detailed analysis of coverage prices for Nissan GT-R models. Having a better idea how insurance policy rates are figured can help customers make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $182 | $414 | $184 | $10 | $56 | $846 | $71 |
| GT-R AWD 2-Dr | $182 | $414 | $184 | $10 | $56 | $846 | $71 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates considerably.
Higher deductibles save money
One of the hardest decisions when shopping for car insurance is how low should you set your deductibles. The following tables illustrate the rate difference between low and high deductibles. The first rate estimation uses a $100 deductible for physical damage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $326 | $740 | $196 | $12 | $58 | $1,357 | $113 |
| GT-R AWD 2-Dr | $326 | $740 | $196 | $12 | $58 | $1,357 | $113 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $238 | $500 | $196 | $12 | $58 | $1,004 | $84 |
| GT-R AWD 2-Dr | $238 | $500 | $196 | $12 | $58 | $1,004 | $84 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in specific location information which can affect prices substantially.
Based on this data, using a $100 deductible costs approximately $29 more each month or $348 a year than requesting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 14 months between claims, you would probably come out ahead by going with a higher deductible. The illustration below shows an example of how this determination is made.
| Average monthly premium for $100 deductibles: | $113 |
| Average monthly premium for $500 deductibles (subtract): | – $84 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
The information below demonstrates how choosing different deductibles and can change Nissan GT-R annual premium costs for each age group. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied.
How accidents and tickets impact rates
The example below illustrates how speeding tickets and at-fault collisions influence Nissan GT-R premium costs for different insured age categories. Data assumes a single female driver, full coverage, $100 deductibles, and no policy discounts are applied.
Does it make sense to buy full coverage?
The diagram below shows the comparison of Nissan GT-R car insurance rates with full coverage and liability only. The information is based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied.
Should you pay for full coverage or liability only?
There is no written rule of when to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s say your Nissan GT-R book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Smart Buyers Can Slash Their Insurance Prices
Many factors are part of the calculation when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, but some are not quite as obvious such as whether you are married and annual miles driven. When buying car insurance it’s important to understand some of the elements that aid in calculating car insurance rates. When you understand what determines premiums, this empowers consumers to make smart changes that may result in much lower annual insurance costs.
The following are some of the most common factors companies use to determine your prices.
- The more you drive the more you pay – The higher the mileage driven every year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on their usage. Cars and trucks not used for work or commuting get more affordable rates than those that get driven frequently. A policy that improperly rates your GT-R can result in significantly higher rates. It’s a good idea to make sure your vehicle rating properly reflects how each vehicle is driven, because it can save money.
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Older drivers pay less – Older insureds tend to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets. Inexperience drivers have a tendency to get distracted easily when driving with friends so they pay higher car insurance rates.
The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
- How much liability coverage do you need? – Liability insurance will protect you if you are found liable for damages caused by your negligence. Liability provides legal defense coverage to attempt to prove you were not liable. Liability is cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
- Choose high safety ratings and save – Safer cars are cheaper to insure. Safer cars have better occupant injury protection and reduced instances of injuries means lower claim amounts which can mean better rates for you. If the Nissan GT-R earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
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Females tend to be lower risk – Statistics have proven that men are more aggressive behind the wheel. This data doesn’t prove that men are WORSE drivers than women. Males and females are in auto accidents at about the same rate, but the males get into accidents with more damage. They also receive more costly citations like driving under the influence (DUI). Young males have the highest risk to insure and are penalized with high car insurance rates.
The chart below shows the difference between Nissan GT-R insurance costs for male and female drivers. The premium estimates are based on no violations or accidents, comp and collision included, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
- Never let your policy lapse – Driving without insurance is a big no-no and any future policy may cost more because you let your coverage lapse. And not only will your rates increase, not being able to provide proof of insurance might get you a license revocation or jail time. You may then have to file a SR-22 with the Wisconsin department of motor vehicles.
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Insurance loss probability for a Nissan GT-R – Companies study historical loss data to help determine rates. Vehicles that are shown to have a higher amount or frequency of claims will have higher premium rates.
The next table illustrates the historical loss data for Nissan GT-R vehicles. For each policy coverage type, the statistical loss for all vehicles compiled together is a value of 100. Values under 100 suggest losses that are better than average, while numbers above 100 indicate frequent claims or an increased chance of a larger loss.
Insurance Loss Ratings for Nissan GT-R Vehicles Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Nissan GT-R 2dr 4WD 373 82 317 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What is the best insurance coverage?
When quoting and choosing your policy for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions could help you determine whether your personal situation could use an agent’s help.
- When would I need additional glass coverage?
- Why does it cost so much to insure a teen driver in Madison?
- Are my friends covered when driving my Nissan GT-R?
- How much underlying liability do I need for an umbrella policy?
- Do I need roadside assistance coverage?
- Do I need special endorsements for business use of my vehicle?
- Am I covered if I back into my garage door?
- Is my nanny covered when transporting my kids?
- What discounts do I qualify for?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
When to contact an insurance agent
Certain consumers just want to have an agent’s advice and that is a personal choice. Experienced insurance agents are trained risk managers and give you someone to call. The biggest benefit of getting online price quotes is you may find lower rates and still buy from a local agent.
To find an agent, once you fill out this quick form, the quote information gets sent to participating agents in Madison that can give you free Madison car insurance quotes for your coverage. It’s much easier because you don’t need to search for any insurance agencies since rate quotes are delivered to the email address you provide. If you have a need to quote rates from a specific company, feel free to navigate to their website and fill out the quote form the provide.
Picking the best provider should depend on more than just a low price. Any agent in Madison should be forthright in answering these questions:
- Which companies can they place coverage with?
- Do they have a Better Business Bureau rating in Madison?
- Will one accident increase rates?
- Are they involved in claim handling?
- In the event of vehicle damage, can you pick the collision repair facility?
- Do they offer rental car reimbursement?
- What discounts might you be missing?
- How often do they review policy coverages?
Below are Madison car insurance companies that may be able to provide comparison quotes for Nissan GT-R insurance in Madison.
- R and S Insurance
1520 Vernon St – Madison, WI 53703 – (608) 251-0022 – View Map - American Family Insurance – Josh Erickson Agency LLC
5530 Eastpark Blvd – Madison, WI 53718 – (608) 241-8444 – View Map - Prairie Land Insurance Agency
2045 Atwood Ave #113A – Madison, WI 53704 – (608) 251-3009 – View Map - Above and Beyond Insurance
6601 Grand Teton Plaza #7 – Madison, WI 53719 – (608) 203-8666 – View Map
Three reasons to not skimp on car insurance
Despite the high insurance cost for a Nissan GT-R in Madison, insurance is required in Wisconsin but also provides important benefits.
First, almost all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability protection in order to drive the car. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your vehicle, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may insure your Nissan at an extremely high rate and make you pay for the much more expensive policy.
Third, car insurance protects both your vehicle and your personal assets. It will also reimburse you for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance are without a doubt worth the cost, specifically if you ever have a liability claim. But the average American driver overpays as much as $869 every year so you should quote and compare rates at every renewal to ensure rates are inline.
Cheaper insurance rates are possible
Cheaper Nissan GT-R insurance in Madison is attainable online and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who may not offer online price quotes and these regional insurance providers work with independent insurance agencies.
We just covered a lot of tips how to lower your Nissan GT-R insurance rates in Madison. The key concept to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may even find the best price on insurance is with a small local company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.
Steps to finding affordable Nissan GT-R insurance in Madison
The most effective way to save on car insurance rates in Madison is to compare quotes annually from providers who can sell car insurance in Wisconsin. You can compare rates by completing these steps.
First, it will benefit you to learn about what coverages are included in your policy and the steps you can take to keep rates low. Many factors that result in higher rates such as careless driving and a less-than-favorable credit score can be rectified by being financially responsible and driving safely.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while independent agencies can provide prices from multiple sources.
Third, compare the new rates to your existing coverage to determine if you can save on GT-R insurance in Madison. If you find a lower rate quote and switch companies, verify that coverage does not lapse between policies.
Fourth, provide notification to your current agent or company to cancel your current coverage and submit payment and a signed application for your new policy. When you receive it, place your new certificate of insurance above your visor, in the console, or in the glove compartment.
An essential thing to point out is to use the same level of coverage on every quote request and and to get prices from every company you can. Doing this enables an apples-to-apples comparison and a thorough selection of prices.
Helpful learning opportunities
- Teen Driving and Texting (State Farm)
- What Auto Insurance is Cheapest for a Nissan Rogue in Madison? (FAQ)
- How Much are Madison Auto Insurance Quotes for 18 Year Olds? (FAQ)
- How Much is Auto Insurance for Infrequent Drivers in Madison? (FAQ)
- How Much are Car Insurance Rates for a Ford Escape in Madison? (FAQ)
- Who Has Affordable Auto Insurance Quotes After a Speeding Ticket in Madison? (FAQ)
- Who Has the Cheapest Madison Car Insurance for Drivers Under 21? (FAQ)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)