If you want to find the absolute lowest rates, then the best way to find the cheapest price for auto insurance rates is to compare quotes once a year from providers in Anchorage.
- Step 1: Get an understanding of how car insurance works and the measures you can take to lower rates. Many rating factors that result in higher prices such as at-fault accidents, careless driving, and a less-than-favorable credit history can be eliminated by making small lifestyle or driving habit changes.
- Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple companies.
- Step 3: Compare the new rates to your current policy to see if a cheaper rate is available. If you can save money, make sure there is no coverage gap between policies.
- Step 4: Provide notification to your current company to cancel the current policy. Submit a down payment and signed policy application for your new coverage. As soon as you have the new policy, keep your new certificate verifying proof of insurance along with the vehicle’s registration papers.
One bit of advice is to try to compare similar deductibles and liability limits on every price quote and and to look at as many companies as feasibly possible. This guarantees an apples-to-apples comparison and a complete rate analysis.
It’s a known fact that insurance companies don’t want you quoting rates from other companies. Drivers who shop around for cheaper prices will most likely switch companies because there is a good probability of finding a cheaper policy. A study discovered that consumers who routinely compared quotes saved about $3,500 over four years as compared to drivers who never shopped around.
If finding budget-friendly auto insurance in Anchorage is your objective, then knowing the best ways to shop for insurance premiums can help simplify the process.
Smart Choices Result in Lower Insurance Prices
An important part of buying insurance is that you know some of the things that play a part in calculating your policy premiums. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that can earn you big savings. Lots of things are used when you get your auto insurance bill. Some factors are common sense like an MVR report, but other criteria are not as apparent like your continuous coverage or your financial responsibility.
The itemized list below are a few of the things used by insurance companies to determine premiums.
Does auto insurance cost less for women? – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that women are BETTER drivers than men. They both get in fender benders at about the same rate, but guys cause more damage and cost insurance companies more money. Men also tend to receive more costly citations like reckless driving and DUI. Youthful male drivers are several times more likely to be in an accident so they pay the highest premiums.
The information below shows the difference between Nissan 370Z insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Liability insurance limits should be high – Liability insurance kicks in when you are responsible for damages from an accident. Your policy’s liability insurance provides legal defense coverage to defend your case. It is affordable coverage as compared to coverage for physical damage, so buy as much as you can afford.
Prices and your address – Being located in less populated areas of the country is a positive aspect when insuring your vehicles. Fewer drivers translates into fewer accident claims. People who live in big cities have more traffic problems and much longer commute distances. More time commuting statistically corresponds to a higher accident and claim rate.
A car insurance lapse can increase premiums – Not having insurance is not a good idea and any future policy may cost more because you let your insurance lapse. Not only will rates go up, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
Age of drivers impacts costs – Older people tend to be more responsible, are lower risk to insure, and are generally more financially stable. Teenage drivers have been known to get distracted easily when at the wheel of a vehicle so car insurance rates are higher.
The next chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Nissan 370Z claim probability – Insurance companies analyze the history of losses when setting rates for each model. Models that the data determines to have higher prevalence or dollar amount of losses will cost more to insure. The table below shows the actual insurance loss data for Nissan 370Z vehicles.
For each policy coverage type, the claim amount for all vehicles, as a total average, is set at 100. Values under 100 suggest a better than average loss history, while values over 100 point to more frequent losses or an increased probability of a larger loss.
| Vehicle 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: Insurance Institute for Highway Safety for 2013-2015 Model Years
The best way we recommend to compare rates for Nissan 370Z insurance in Anchorage is to realize most of the bigger providers participate in a system to provide you with free rate quotes. To start a quote, the only thing you need to do is provide the companies a bit of rating information like if it has an anti-theft system, whether or not you need a SR-22, your occupation, and whether you drive to work or school. The rating information is instantly submitted to many of the top insurers and they return rate quotes within a short period of time.
To find lower cheaper Nissan 370Z insurance rates now, click here and find out if lower rates are available in Anchorage.
The following companies are our best choices to provide quotes in Anchorage, AK. If your goal is to find cheap car insurance in AK, we recommend you visit as many as you can in order to get a fair rate comparison.
Nissan 370Z insurance rate analysis
The coverage information displayed below covers different coverage costs for Nissan 370Z models. Having a better idea how premiums are determined can be of help when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $204 | $476 | $288 | $18 | $86 | $1,072 | $89 |
| 370Z 2-Dr Roadster | $226 | $476 | $256 | $16 | $76 | $1,050 | $88 |
| 370Z Touring 2-Dr Coupe | $226 | $538 | $288 | $18 | $86 | $1,156 | $96 |
| 370Z Touring 2-Dr Roadster | $226 | $476 | $256 | $16 | $76 | $1,050 | $88 |
| 370Z Nismo 2-Dr Coupe | $226 | $602 | $288 | $18 | $86 | $1,220 | $102 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in garaging location in Anchorage which can decrease or increase coverage prices greatly.
Comparison of policy deductibles
One common question asked by Anchorage drivers is how low should you set your deductibles. The comparisons below may help you to understand how much more you’ll pay when you choose different policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $238 | $480 | $308 | $18 | $92 | $1,161 | $97 |
| 370Z 2-Dr Roadster | $264 | $480 | $272 | $16 | $82 | $1,139 | $95 |
| 370Z Touring 2-Dr Coupe | $264 | $544 | $308 | $18 | $92 | $1,251 | $104 |
| 370Z Touring 2-Dr Roadster | $264 | $480 | $272 | $16 | $82 | $1,139 | $95 |
| 370Z Nismo 2-Dr Coupe | $264 | $606 | $308 | $18 | $92 | $1,313 | $109 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 370Z 2-Dr Coupe | $146 | $302 | $308 | $18 | $92 | $866 | $72 |
| 370Z 2-Dr Roadster | $164 | $302 | $272 | $16 | $82 | $836 | $70 |
| 370Z Touring 2-Dr Coupe | $164 | $342 | $308 | $18 | $92 | $924 | $77 |
| 370Z Touring 2-Dr Roadster | $164 | $302 | $272 | $16 | $82 | $836 | $70 |
| 370Z Nismo 2-Dr Coupe | $164 | $382 | $308 | $18 | $92 | $964 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Information does not factor in zip code location which can modify premiums noticeably.
Based on this data, using a $250 deductible costs approximately $26 more each month or $312 every year across all Nissan 370Z models than opting for the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 29 months between claim filings, you would probably save some money if you decide on a higher deductible.
Insurance is not optional but you don’t have to overpay
Despite the fact that insurance is not cheap in Anchorage, insuring your vehicle may not be optional for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability insurance if you don’t want to risk a ticket. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, it’s guaranteed your bank will require you to have full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Nissan at a much higher rate and make you pay for it.
- Insurance protects both your vehicle and your personal assets. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance greatly outweigh the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is overpaying more than $855 a year so you should quote and compare rates at every policy renewal to be sure current rates are still competitive.
Save a ton by taking advantage of discounts
Car insurance is easily one of your largest bills, but you may find discounts to help bring down the price. Some discounts will apply at quote time, but some may not be applied and must be inquired about before you will receive the discount.
- Telematics Devices – Insureds who allow companies to track where and when they drive by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they have good driving habits.
- ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive so companies give up to a 10% discount.
- Auto/Life Discount – Some insurance carriers give a discount if you purchase a life insurance policy as well.
- Club Memberships – Belonging to specific professional or occupational memberships or organizations could earn you a nice discount on car insurance.
- Driver Training Discounts – Taking time to complete a defensive driving course could earn you a small percentage discount and also improve your driving technique.
It’s important to note that some of the credits will not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.
The example below illustrates the comparison of Nissan 370Z insurance prices with and without discounts being applied to the rates. Data assumes a female driver, no tickets, no at-fault accidents, Alaska state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, multi-policy, claim-free, marriage, and safe-driver discounts applied.
Companies that may offer policyholders many of the previously listed discounts include:
If you need lower rates, check with every company to apply every possible discount. Discounts may not be available in Anchorage.
Buying from car insurance agents
A lot of people just want to buy from a local agent and that can be a great decision An additional benefit of getting online price quotes is you can get the lowest rates and still have an agent to talk to.
By using this quick form, the quote information is instantly submitted to participating agents in Anchorage who want to provide quotes for your business. You won’t need to search for an agent since price quotes are sent immediately to your email address. You can find lower rates without having to waste a lot of time. If you have a need to get a rate quote from a specific company, feel free to find their quoting web page and fill out their quote form.
Finding the right insurer needs to be determined by more than just a cheap price. You should also get answers to these questions.
- Is assistance available after office hours?
- Are they paid to recommend certain coverages?
- How experienced are they in personal risk management?
- Does their agency support local causes in Anchorage?
- Will the agent or a CSR service your policy?
Best auto insurance company in Alaska
Choosing a high-quality auto insurance company can be rather challenging considering how many choices you have in Alaska. The ranking data shown next may help you decide which companies you want to consider when shopping your coverage around.
Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%
- Esurance – 87%
Top 10 Anchorage Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A
Your auto insurance coverage should be tailored to you
When quoting and choosing coverage online or from an agent for your personal vehicles, there really isn’t a one size fits all plan. Everyone’s needs are different.
For instance, these questions can aid in determining if you will benefit from professional help.
- Why does it cost so much to insure a teen driver in Anchorage?
- Will damage be repaired with OEM parts?
- Does my Nissan 370Z qualify for pleasure use?
- What is the rate difference between pleasure use and commuting?
- Why are teen drivers so expensive to add on to my policy?
- Am I covered when driving a rental car?
- I have good health insurance, so how much medical payments coverage do I need?
- Is my dog or cat covered if injured in an accident?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Is a new car covered when I drive it off the dealer lot?
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form.
Quote often and quote early
Cheaper auto insurance in Anchorage can be bought both online and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not have price quotes online and these small, regional companies only sell coverage through local independent agents.
People who switch companies do it for any number of reasons including high prices, high rates after DUI convictions, lack of trust in their agent or even being labeled a high risk driver. Whatever your reason, switching auto insurance companies can be easy and end up saving you some money.
We covered quite a bit of information on how to compare Nissan 370Z insurance prices in Anchorage. The key thing to remember is the more you quote Anchorage auto insurance, the better chance you’ll have of finding affordable Anchorage auto insurance quotes. You may even discover the biggest savings come from some of the smallest insurance companies.
More information can be found at the links below
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for First-time Drivers in Anchorage? (FAQ)
- Who Has Affordable Anchorage Car Insurance Quotes for High School Students? (FAQ)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Child Safety Seats (Insurance Information Institute)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)