Insure your Ferrari 348 GTS for Less in Nevada
Locating better insurance prices for a Ferrari 348 GTS in Nevada can turn out to be a painful process, but you can follow a few tricks to find lower rates.
There is a right way and a wrong way to compare car insurance rates so you’re going to learn the quickest way to get price quotes for a new or used Ferrari and obtain the cheapest rates.
It’s a great practice to take a look at other company’s rates yearly due to the fact that insurance rates fluctuate regularly. Even if you got the best price on 348 GTS insurance a year ago you may be paying too much now. So just ignore everything you know about car insurance because you’re going to learn one of the best ways to find better rates and still maintain coverage.
If you have car insurance now, you should be able to lower your premiums substantially using this information. Shopping for the cheapest protection is quite easy. But Nevada vehicle owners should learn how companies price insurance differently and use this information to your advantage.
More discounts equal less premium
Properly insuring your vehicles can get expensive, but you can get discounts to help bring down the price. Most are applied when you quote, but some must be asked about before they will apply.
- Good Student – A discount for being a good student can earn a discount of 20% or more. This discount can apply until age 25.
- Defensive Driving Course – Taking part in a course in driver safety can save you 5% or more and easily recoup the cost of the course.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20% or more.
- Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you could save 5% or more.
- No Claims – Good drivers with no accidents can save substantially compared to drivers who are more careless.
- Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on 348 GTS insurance with a few car insurance companies.
- Early Switch Discount – Some companies give discounts for switching policies before your current expiration date. It’s a savings of about 10%.
- Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less on 348 GTS insurance than drivers with accident claims.
It’s important to understand that some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will help reduce your premiums.
To see a list of companies with the best car insurance discounts in Nevada, click this link.
Comparison of Car Insurance in Nevada
Most major insurance companies like 21st Century, Allstate and State Farm quote insurance quotes online. The process is quite easy as you just type in your coverage information into a form. After you submit the form the company’s rating system obtains your credit score and driving record and returns a price determined by many factors.
This makes it a lot easier to compare rates but having to visit many different websites and complete many quote forms is monotonous and tiresome. But it’s absolutely necessary to get many rate quotes if you want to find the lowest car insurance rates.
There is a better way to compare rates
An easier way to compare rates makes use of a single form that gets price quotes from many companies. It saves time, requires much less work on your part, and makes price shopping online much easier. Immediately after you send the form, it is rated with multiple companies and you can pick any of the pricing results.
If a lower price is quoted, you can click and sign and buy the policy. The whole process can be completed in less than 10 minutes and you will know how your current rates stack up.
To quickly find out what other companies charge, click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended you complete the form with deductibles and limits identical to your current policy. This makes sure you will get an apples-to-apples comparison for similar insurance coverage.
What determines your Ferrari 348 GTS insurance premium
Consumers need to have an understanding of the different types of things that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that could result in lower car insurance prices.
- Choose a safe vehicle and save – Safer cars get lower rates. These vehicles protect occupants better and lower injury rates means lower claim amounts and lower rates for you. If the Ferrari 348 GTS scored better than four stars on Safercar.gov you are probably receiving a discount.
- Older drivers pay less – Teenage drivers in Nevada are statistically proven to be less responsible when behind the wheel so car insurance rates are higher. Older insureds tend to be more responsible, statistically cause fewer accidents and tend to be better behind the wheel.
- Being married is a good thing – Getting married actually saves money on car insurance. Marriage is viewed as being more mature than a single person and it’s proven that married drivers get in fewer accidents.
- A clean driving record saves money – A bad driving record impacts your car insurance rates tremendously. Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. Just one ticket can bump up the cost by twenty percent. If you have severe violations like DUI or reckless driving may find they need to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
- Lower deductibles cost more – Physical damage coverage, also known as collision and other-than-collision, protects your Ferrari from damage. Some instances where coverage would apply would be collision with another vehicle, collision with an animal, and windstorm damage. Deductibles for physical damage are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more expense you are required to pay out-of-pocket, the lower your rates will be on 348 GTS insurance.
- Special features that cut premiums – Driving a car with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder car theft.
- Where you reside plays a part – Residing in a small town can save you money when talking about car insurance. Fewer people translates into fewer accidents. City drivers have traffic congestion and longer commutes to work. More time commuting translates into higher accident risk.
It’s not one size fits all
When it comes to buying coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every situation is different.
For example, these questions might help in determining if you could use an agent’s help.
- How many claims can I have before being cancelled?
- What if I don’t agree with a claim settlement offer?
- Am I covered if I crash into my own garage door?
- When should I not file a claim?
- Should I rate my Ferrari 348 GTS as pleasure use or commute?
- Are my friends covered when driving my Ferrari 348 GTS?
- What is high-risk coverage and where do I buy it?
- Will my vehicle be repaired with OEM or aftermarket parts?
If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form.
How can 21st Century, Allstate and State Farm save drivers who switch?
Car insurance companies such as 21st Century, Allstate and State Farm regularly use television and radio advertisements. They all seem to have a common claim that you can save if you move to them. How do they all make almost identical claims? It’s all in the numbers.
Insurance companies have a certain “appetite” for the type of customer that makes them money. An example of a driver they prefer could possibly be between 25 and 40, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured that hits that “sweet spot” will get very good rates and most likely will cut their rates substantially.
Drivers who fall outside this ideal profile must pay higher prices and ends up with the customer not buying. The ads state “drivers who switch” not “everyone that quotes” save that much money. That’s the way companies can state the savings.
This illustrates why drivers should compare as many rates as you can. It is impossible to predict which car insurance company will provide you with the cheapest rates.
Buy online or local, you save
Drivers change insurance companies for a number of reasons such as unfair underwriting practices, questionable increases in premium, high rates after DUI convictions or even poor customer service. Regardless of your reason, finding the right car insurance provider is pretty simple and you could end up saving a buck or two.
As you prepare to switch companies, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, an insured dropped uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.
We covered a lot of ways to save on Ferrari 348 GTS insurance. It’s most important to understand that the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest premiums are with a lesser-known regional company.
Learn more today
Additional information is located on the Nevada Division of Insurance website through this link. Consumers can learn about insurance regulations, find out industry alerts, and read enforcement actions against agents and companies.
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