370Z Insurance Cost: Everything You Need to Know

November 9, 2022

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Video Why is insurance on a 370z so expensive

Congratulations on finally owning the car of your dreams, a Nissan 370Z! Now, to protect your precious investment and your wallet, it’s crucial to secure insurance for your purchase as soon as possible. However, keep in mind that the cost of 370Z insurance can vary depending on your provider, age, and other factors.

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How Much Does Car Insurance for a 370Z Cost?

According to The Zebra, insuring a Nissan 370Z on average costs around $187 per month. That’s $58 more than the typical insurance costs for an average vehicle. But remember, the 370Z is not your average car. It’s a high-performance sports car, which insurance companies consider a higher risk to cover.

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

Trust Choice recommends purchasing the following types of coverage for your 370Z:

Bodily Injury Liability

Depending on your location, state laws may require you to have a minimum type of bodily injury liability coverage. This coverage pays for the medical costs of the other driver if you are at fault in an accident.

Property Damage Liability

Most states also require property damage liability coverage. It pays for the repairs of the other driver’s vehicle if you are responsible for an accident, and it can also cover damages to objects like fences and utility poles.

Medical Payments/Personal Injury Protection (PIP)

In certain states, PIP is optional. This coverage pays for medical care for you and your passengers, regardless of who is at fault in an accident.

Uninsured Motorist Coverage

Even in states that mandate minimum liability coverage, some drivers take their chances and drive without insurance. Uninsured motorist coverage protects you in case you’re in an accident where the other driver is at fault but lacks insurance.

Collision Coverage

While collision coverage is not required by any state, your lender or lease company may insist on adding it to your policy. Collision coverage pays for repairs to your 370Z if you’re involved in an accident with another vehicle.

Comprehensive Coverage

This type of coverage is another requirement from loan companies but not from state laws. Comprehensive coverage pays for necessary repairs if your 370Z sustains damage due to theft, vandalism, or natural disasters.

Glass Coverage

By adding glass coverage to your policy, you won’t have to pay out of pocket for windshield damages.

Gap Insurance

If you’re still making payments or leasing your 370Z, you may already have gap coverage. This insurance type helps drivers pay for their vehicle if an accident results in a total loss.

Factors Affecting 370Z Insurance Costs

The cost of insurance for your 370Z can vary depending on your personal profile. One significant factor influencing insurance rates is the age of the driver. Teen drivers, for instance, can expect higher insurance costs due to their limited driving experience. Autoinsurance.org provides the following insurance rates for a 370Z based on the driver’s age:

16 to 19 years old: $6,126 per year
20 to 29 years old: $3,799 per year
30 to 39 years old: $1,750 per year
40 to 49 years old: $1,676 per year
50 to 59 years old: $1,529 per year
60 to 69 years old: $1,497 per year

Where you reside can also affect your 370Z insurance rates. Autoinsurance.org gathered quotes for major cities in the United States. Here’s the average annual insurance cost for 370Z owners in selected cities:

Los Angeles, California: $2,866
New York, New York: $2,648
Houston, Texas: $2,626
Jacksonville, Florida: $2,430
Philadelphia, Pennsylvania: $2,246
Chicago, Illinois: $2,212
Phoenix, Arizona: $1,944
Seattle, Washington: $1,626
Indianapolis, Indiana: $1,425
Columbus, Ohio: $1,391

Affordable Insurance Options for 370Z Owners

Finding the best price for auto insurance requires shopping around for quotes. The Zebra recommends the following providers as the most affordable options for insuring your 370Z:

Ally: $848 per year
Tennessee Farmers: $1,389 per year
Vermont Mutual: $1,404 per year
Nationwide: $1,490 per year
Erie: $1,555 per year
Country: $1,742 per year
Southern Farm Bureau: $1,761 per year
United States: $1,800 per year
State Farm: $1,829 per year
The General: $1,915 per year
21st Century: $1,966 per year
Acuity: $1,973 per year

Auto Insurance Discounts for 370Z Owners

Besides finding the most affordable insurance options, you can also save money on your 370Z insurance through various discounts. Insurance.com highlights the most common discounts offered by providers:

Safe Driver Discount: Many insurance providers offer a discount if you maintain an accident-free record over a specific period. Some companies may even give personalized discounts through telematics programs or smartphone apps that monitor your driving habits.
Safety Feature Discount: Your 370Z comes equipped with multiple safety features that may qualify you for a discount from your carrier. These features include electronic stability control, side-impact beams, and front-row curtain airbags.
Bundle Discount: If you hold both your auto insurance and homeowners’ policy with the same company, or if you insure all the vehicles in your household with one provider, you can take advantage of significant savings.
Military Discount: Many insurance companies offer discounts to active military personnel and military veterans.
Good Student Discount: If you have a teen driver covered by your policy, you may be eligible for a discount if they maintain a GPA of 3.0 or higher. Some companies extend this discount to college students under the age of 25.

Additionally, you can save money on your 370Z insurance by avoiding petty accident claims, adjusting your deductibles with comprehensive coverage, and dropping unnecessary coverage once you pay off your 370Z.

Now that you have a better idea of the costs associated with insuring your 370Z, you can make an informed decision about the type of coverage you need. If you require additional information, resources, or guidance on auto insurance, don’t hesitate to explore further.

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