Your GTR, also known as the R35 Skyline, is a true do-it-all sports car by Nissan that absolutely decimates every other rival in its class. When it was first launched, it was 9 seconds faster than the Porsche 911 Turbo around the Nürburgring.
Despite it’s VR38DETT, 3.8 L twin-turbocharged V6 that churns out anywhere between 479 hp to a massive 710 hp, it’s still one of the best supercars to drive daily. Add a relatively affordable price tag into the mix and it becomes clear why the GTR is so popular.
That also explains why this 700 hp behemoth is so expensive to insure. When insurance companies calculate the cost of a policy to insure a high-performance vehicle like the GTR, they take its sticker price and driver profile into account.
For example, the cost of replacing a totaled Honda Civic is going to be much lower than a Nismo Edition Nissan GTR. Even if you never end up crashing it, you are liable to this high premium each year.
In this guide, we’ll take you through these factors and discuss everything you need to know about insurance costs, finding a good policy, and saving some cash while you’re at it.
Let’s dive in.
Nissan GTR Insurance Cost
The annual full coverage insurance rate for the Premium trim Nissan GTR is $2,812. Minimum coverage starts at $478 per year.
Special editions like the more expensive Nismo edition costs approximately $3,810 per year. However, these rates will differ based on a few different factors.
With that in mind, drivers under 25 can expect to pay anywhere between $8,106 and $11,082 for insuring their GTR. This rate further differs for men and women, as men are required to pay more than women due to higher instances of speeding and accidents.
Factors That Influence Insurance Rates
As mentioned in the previous section, it is important to know that insurance rates for any given car aren’t the same for everyone. Your Nissan GTR insurance rates will depend on a few different factors that you should be aware of.
Let’s take a look at some of the details that insurance companies factor in when they charge you a yearly premium.
Your age is one of the most influential factors that will determine your insurance premium. For example, a 40-year-old will have to pay a lot less for insurance as compared to someone younger than 25.
Being over 30 years of age might not be on everyone’s list of “things to look forward to”. However, if it’s any consolation, being over 30 years old comes with its own benefits in the realm of automotive insurance.
The older you get, the less you’ll have to pay for your car insurance — especially if it’s a car like the GTR. The driving experience that you accumulate over the years pays off
This is because insurance rates are usually much higher for younger, relatively inexperienced drivers. That said, not all young drivers are inexperienced — most insurance companies acknowledge that and offer discounts for young drivers under the age of 25 who have completed the teenSMART driver education program.
Being younger than 25, however, will mean that you will have to pay a lot more to protect yourself against any damage.
Car Trim Level and Model Year
The trim level of your Nissan GTR, as well as its age, will determine the cost of insurance. Insuring an older model year will be less expensive than coverage for a car that you buy brand new.
For example, a GTR sold in 2017 will have an insurance cost of around $2,064 per year as compared to $3,109 for 2020-21 built car.
As we mentioned above, special edition versions will usually be more expensive to insure too. This doesn’t mean they aren’t worth buying — generally they will hold their value much better than a standard car.
Your Driving History
Your driving history and records will definitely play a role when it comes down to how much you pay for insurance.
Having too many speeding and parking tickets, records of driving under the influence (DUI), accidents, or any such violation will most certainly call for a higher premium.
Where You Live
If you live in a place or city with a high incidence of accidents and traffic-related issues, you might have to pay a bit more for your insurance.
Living in Los Angeles, for example, will cost you much more than living in Columbus in terms of your car insurance.
Your Insurance Company of Choice
Naturally, the insurance company you opt for also makes a difference. Most of them charge a different rate for the same car.
A lot of them also offer specific discounts that can help lower the rate. Make sure you do sufficient research to figure out which company to go with.
Saving Money on Insurance
There are a few ways to save money on your insurance. For instance, if you are young enough, you can share your policy with an adult (parent or guardian).
Additionally, you can enquire about and opt-in for any discounts that you might be eligible for. Most insurance companies don’t disclose the possible discounts their customers are entitled to receive. So it’s a good idea to negotiate and ask if you qualify for any deals.
It is also a good idea to take a driving course like that can help lower insurance costs at certain insurance companies.
If you’ve purchased an older model Nissan GTR, ensure that all safety features are in place and function correctly. These can go a long way in lowering the insurance costs you have to pay. Another way to save money on insurance is to keep your GTR stock.
Always Opt For Full-Coverage
Full coverage insurance implies that your insurance policy will cover most types of risks associated with your car and with driving. This includes:
- Protection against property damage, injuries, collisions and any damage you cause to others up to the limits of your policy.
- Comprehensive insurance that covers damage caused by non-collision related events such as fires, thefts, or natural calamities.
- Uninsured and underinsured motorist coverage
- Reimbursements for medical bills, and more.
This makes it clear that having full coverage insurance will definitely work out in your favor. You will be protected against nearly all kinds of mishaps.
Despite the added expense, it is important to have this kind of insurance policy so that you can be carefree about probable issues that aren’t in your control.
Finding a Good Policy
When it comes to finding a good policy, doing your homework will pay off. Generally, one of the best things you can do here is to perform an online comparison of the rates that various insurance companies offer. This will help you gauge the costs and coverage options involved.
Make sure you go through all the specifications of the company’s policies such as their offers, packages, discounts, excess charges, warranty, reviews, and more. By opting for a good policy by a well-reputed company, you can significantly cut down on your premiums.
You must keep the features and requirements of your car in mind as well. Overall, your goals should be safety, protection, and affordability.
This brings us to the end of this insurance guide. We’ve covered all the important information that you need to know about insuring your Nissan GTR.
You can now begin policy hunting and know what to look for. Be sure to find a good policy for yourself by comparing rates from different insurance companies. To know more, feel free to make use of our insurance quote form to get an accurate representation of the rates.
If you’re hunting down coverage for an earlier model imported Skyline GT-R, it’s not going to be easy. As they weren’t sold in the US domestic market, these Skylines are still banned in many states.