Cars and Trucks

370Z Insurance Cost: Everything You Need to Know

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So you’ve finally bought the vehicle of your dreams, a Nissan 370Z. To protect your investment and your wallet, you should insure your purchase as soon as possible. The 370Z insurance costs vary depending on your provider, your age, and other factors.

How Much Is Car Insurance for a 370Z?

According to The Zebra, it costs, on average, $187 a month to insure a Nissan 370Z. That’s $58 more a month than insurance costs for the average vehicle. However, the 370Z isn’t the average vehicle. It’s a high-performance sports car, which insurance companies consider a greater risk to provide coverage for, as The Zebra notes.

What Type of Insurance Coverage Do You Need for a 370Z?

Trusted Choice recommends that you purchase the following types of coverage for your 370Z:

  • Bodily Injury Liability: Depending on where you live, state law requires you to buy a minimum type of bodily injury liability coverage. This type of coverage pays for medical costs incurred by the other driver if you’re at fault for an accident.
  • Property Damage Liability: This is another type of coverage mandated by most states. Property damage liability pays for the other driver’s automotive repairs if you’re responsible for an accident. It can also cover damage to objects like fences and light posts.
  • Medical Payments/Personal Injury Protection (PIP): In some states, PIP is optional. This type of coverage pays for medical care for you and your passengers, no matter who is at fault in an accident.
  • Uninsured Motorist Coverage: Even in states that mandate minimum liability coverage, some drivers take a risk and operate their vehicles without insurance. Uninsured motorist coverage protects you if you’re in an accident and the other driver is at fault but doesn’t have insurance.
  • Collision Coverage: While no state mandates that you carry collision coverage, your lending or leasing company might require you to add it to your insurance policy. Collision coverage pays for repairs to your 370Z if you’re in an accident with another vehicle.
  • Comprehensive Coverage: This is another type of coverage required by lending companies but not by state law. If your 370Z is damaged due to theft, vandalism, or a natural disaster, comprehensive coverage will pay for any necessary repairs.
  • Glass Coverage: If you add glass coverage to your policy, you won’t have to pay out of pocket for windshield damage.
  • Gap Insurance: If you’re still making payments on your 370Z or leasing it, you might already have gap coverage. This type of insurance helps drivers pay off their vehicle if an accident results in a total loss.

    Factors That Affect 370Z Insurance Costs

    Depending on your personal profile, you could end up paying more or less than the average cost of insurance for your 370Z. One factor that has a significant impact on insurance rates is a driver’s age. If you’re a teen driver, you can expect to pay more for insurance because you have less driving experience. AutoInsurance.org reports that these are the insurance rates for a 370Z based on driver age:

    • Ages 16 to 19: $6126 a year.
    • Ages 20 to 29: $3799 a year.
    • Ages 30 to 39: $1750 a year.
    • Ages 40 to 49: $1676 a year.
    • Ages 50 to 59: $1529 a year.
    • Ages 60 to 69: $1497 a year.

      Where you live can also affect insurance rates for your 370Z. AutoInsurance.org gathered quotes for major cities across the United States. Here’s what 370Z owners can expect to pay, on average, if they live in the following cities:

      • Los Angeles, California: $2866 a year.
      • New York, New York: $2648 a year.
      • Houston, Texas: $2626 a year.
      • Jacksonville, Florida: $2430 a year.
      • Philadelphia, Pennsylvania: $2246 a year.
      • Chicago, Illinois: $2212 a year.
      • Phoenix, Arizona: $1944 a year.
      • Seattle, Washington: $1626 a year.
      • Indianapolis, Indiana: $1425 a year.
      • Columbus, Ohio: $1391 a year.

        Affordable Insurance Options for 370Z Owners

        The Zebra recommends that you shop around for quotes to find the best price for car insurance. They report that the following providers are the most affordable options for insuring your 370Z:

        • Allied: $848 a year.
        • Tennessee Farmers: $1389 a year.
        • Vermont Mutual: $1404 a year.
        • Nationwide: $1490 a year.
        • Erie: $1555 a year.
        • Country: $1742 a year.
        • Southern Farm Bureau: $1761 a year.
        • USAA: $1800 a year.
        • State Farm: $1829 a year.
        • Auto Owners: $1915 a year.
        • 21st Century: $1966 a year.
        • Acuity: $1973 a year.

          Car Insurance Discounts for 370Z Owners

          You can also save money on insurance for your 370Z by qualifying for discounts. According to Insurance.com, these are the most common discounts offered by providers:

          • Safe Driver Discount: Many insurance providers will give you a discount if you avoid getting into an accident over a specified period of time. You can also qualify for a customized discount if your insurance company offers a telematics program or smartphone app to track your driving habits.
          • Safety Features Discount: Your 370Z comes equipped with many safety features that can earn you a discount from your provider. These include electronic stability control, side-impact beams, and curtain first row airbags.
          • Bundling Discount: If you’re a loyal customer who bundles your car insurance policy and your home owner’s policy with the same company, you should see significant savings. You can also earn a discount by insuring all of your household’s vehicles with the same company.
          • Military Discount: Many providers offer discounts to customers who are actively serving in the military or are military veterans.
          • Good Student Discount: If your teen driver is on your insurance policy, they can earn a discount by maintaining a 3.0 GPA or higher. Some companies extend this discount to college students under the age of 25.

            As BuyAutoInsurance.com points out, you can also save money by refraining from making claims for minor accidents and adjusting your deductibles if you have full coverage. You can also drop unnecessary coverage once you pay your 370Z off.

            Now that you know how much insurance costs for your 370Z, you can make an informed decision about which type of coverage to purchase.

            Check this out if you need additional information, resources, or guidance on car insurance.

            Sources:

            Nissan 370Z Insurance Cost | thezebra.com

            Insuring Your Nissan 370Z | trustedchoice.com

            What is the Best Car Insurance for a Nissan 370Z? | autoinsurance.org

            Auto Insurance Discounts to Ask For: Complete Guide for 2021 | insurance.com

            Nissan 370Z Car Insurance [Rates + Coverage Guide] | buyautoinsurance.com

            2020 Nissan 370Z | caranddriver.com

            Nissan 370Z Features and Specs | caranddriver.com

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