2007 Nissan 350Z Insurance Rates – 10 Policy Discounts

Searching for lower auto insurance rates for your Nissan 350Z? Are you frustrated by the crazy number of auto insurance choices that you can choose from? Many other drivers are too. You have such a vast assortment of choices available that it can really be a lot of work to locate the lowest auto insurance rates.

Insurance rates and discounts

Buying insurance is not cheap, but you can get discounts that you may not know about. Certain discounts will be triggered automatically when you purchase, but a few need to be specially asked for before they will apply.

  • No Charge for an Accident – Not necessarily a discount, but a few companies such as Geico, State Farm, and Progressive allow you one accident without raising rates so long as you haven’t had any claims for a specific time period.
  • Discount for Multiple Policies – If you combine your homeowners and auto policies and insure them both with the same insurance company they may give you a discount of as much as 10 to 15 percent.
  • Sign Early and Save – A few larger companies offer discounts for renewing your policy prior to the expiration date on your current policy. It could save around 10% when you buy insurance coverage online.
  • Buy New and Save – Buying a new car model can get you a discount because new vehicles keep occupants safer.
  • Smart Student Discounts – Excelling in school can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Own a Home – Just owning your own home can get you a discount due to the fact that maintaining a home shows financial diligence.
  • Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control are much safer to drive and therefore earn up to a 10% discount.
  • Telematics Devices – People who choose to allow companies to look at driving manner by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
  • Lower Rates for Military – Having a deployed family member could qualify you for better prices.
  • Government Employees – Having worked for a branch of the government could qualify for a slight premium decrease for 350Z coverage but check with your company.

Keep in mind that some credits don’t apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like adding up those discounts means a free policy, it just doesn’t work that way.

A list of companies and a selection of discounts include:

  • Farmers Insurance offers premium reductions for business and professional, teen driver, mature driver, alternative fuel, homeowner, and multi-car.
  • State Farm may include discounts for defensive driving training, driver’s education, accident-free, good driver, and student away at school.
  • Liberty Mutual offers discounts including hybrid vehicle, good student, preferred payment discount, new move discount, multi-policy, and multi-car.
  • MetLife offers discounts for defensive driver, accident-free, good student, multi-policy, good driver, and claim-free.
  • Progressive has savings for continuous coverage, online signing, good student, homeowner, multi-policy, and multi-vehicle.

Check with each insurance company to apply every possible discount. A few discounts may not be offered in your area. If you would like to view providers with discount insurance rates, click here.

Why you might not save $447 a year

Companies like State Farm, Geico and Progressive seem to constantly run television and radio advertisements. They all seem to make the promise that you can save if you get a free insurance coverage quote and switch your policy. How is it possible that every company can give you a lower rate? This is the way they can do it.

Insurance companies have specific characteristics for a prospective insured that is profitable for them. A good example of a profitable customer may need to be between the ages of 40 and 55, has no driving citations, and the vehicle is rated for pleasure use. Any driver who matches that profile receives the best car insurance rates and have a good chance to cut their rates if they switch.

Potential insureds who fall short of these stringent criteria will see a more expensive rate and this results in the customer not buying. If you listen to the ad wording, they say “drivers who switch” not “everybody who quotes” save that much when switching. That is how insurance companies can confidently make the claims of big savings.

That is why you really should compare free insurance coverage quotes often. It’s not possible to predict the company that will fit you best based on your risk profile.

Situations that may require an agent’s advice

When it comes to buying coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For instance, these questions may help highlight if your situation will benefit from professional help.

  • What is the ISO rating for a 2007 Nissan 350Z?
  • Can I afford to buy a different vehicle if my 2007 Nissan 350Z is totaled?
  • How can I get high-risk coverage after a DUI?
  • Do I have coverage for damage caused while driving under the influence?
  • What is no-fault insurance?
  • Do I have coverage if my license is suspended?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Coverage specifics

Having a good grasp of a auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring.

Coverage for liability – Liability coverage provides protection from damage or injury you incur to other people or property. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as medical expenses, funeral expenses, legal defense fees and repair costs for stationary objects. How much coverage you buy is your choice, but buy as much as you can afford.

Collision – This will pay to fix damage to your 350Z caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, damaging your car on a curb and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to save money on collision insurance.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your Nissan 350Z.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for bills for chiropractic care, EMT expenses, prosthetic devices, nursing services and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – This coverage pays for 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 insurance covers things like falling objects, hail damage, fire damage, hitting a deer and damage from getting keyed. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

A tidy conclusion

Drivers switch companies for a number of reasons such as policy non-renewal, unfair underwriting practices, policy cancellation and even denial of a claim. No matter why you want to switch, finding a great new company can be less work than you think.

The cheapest 2007 Nissan 350Z insurance is available on the web and from local agencies, so you should compare both so you have a total pricing picture. Some insurance companies do not offer internet price quotes and usually these smaller companies work with independent insurance agents.

As you go through the steps to switch your coverage, you should never reduce needed coverages to save money. There have been many cases where an insured cut full coverage only to regret at claim time they didn’t purchase enough coverage. Your strategy should be to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.

To read more, feel free to visit the following helpful articles: