Buying the best cheap insurance for a Nissan Altima depends on a large number of factors such as annual vehicle mileage, whether you are claim-free, and any prior driving offenses you have. California drivers will pay around $959 a year to insure their Altima, but that figure is a valuation calculated using a 50-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
If we were betting, you may not be 50 years old (or even female), you might be single instead of married, and you may just want the cheapest liability coverage you can find. Having just a slight change in the rating criteria used to formulate rates can make a big difference in the price of coverage.
Auto insurance requires individual risk assessment, so the best way to find cheap auto insurance rates for your Nissan is to just compare rates yourself. It only takes a few minutes and you will receive prices from the cheapest companies that insure Nissan vehicles in California.
The specific trim level tends to impact the cost of coverage, so the price you will pay to insure a Altima 2.5 4-Dr Sedan trim level will be $204 less expensive the price to insure the high end Altima 3.5 SR 2-Dr Coupe trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$162||$300||$416||$24||$124||$1,026||$86|
|Altima 2.5 S 4-Dr Sedan||$162||$354||$416||$24||$124||$1,080||$90|
|Altima Hybrid 4-Dr Sedan||$184||$354||$416||$24||$124||$1,102||$92|
|Altima 2.5 S 2-Dr Coupe||$184||$354||$470||$28||$140||$1,176||$98|
|Altima 3.5 SR 4-Dr Sedan||$184||$354||$416||$24||$124||$1,102||$92|
|Altima 3.5 SR 2-Dr Coupe||$184||$408||$470||$28||$140||$1,230||$103|
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific zip code location which can influence premiums greatly.
Deciding which companies have the most affordable auto insurance rates for a Nissan Altima takes more time than just quoting one company’s rates. Each auto insurer uses different criteria to determine premium rates, so to begin we’ll rank the auto insurance companies that tend to be cheaper in California.
We do need to point out that Fresno auto insurance rates are influenced by many factors which can substantially decrease or increase the cost of having a policy. Simply turning a year older, getting divorced, or getting a reckless driving citation can trigger price changes resulting in some companies being much cheaper than others.
Find Cheaper Auto Insurance for Your Altima
|Rank||Company||Cost Per Year|
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USAA quotes some of the cheapest car insurance rates in Fresno at around $1,143 annually. Wawanesa, CSAA, Nationwide, and Century National also make the cut as some of the lowest-priced Fresno, CA insurance companies.
In the above example, if you buy coverage from Nationwide and switched to Wawanesa, you could see savings of approximately $56. Customers with Century National may save as much as $69 a year, and 21st Century insureds might see rate reductions of $181 a year.
Bear in mind that those prices are averages for all ages of drivers and types of vehicles and and are not calculated with a specific zip code for a Nissan Altima. So the company that fits you best may not even be in the list above. That is why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Discount Fresno car insurance
Car insurance companies that offer cheap quotes for a Nissan Altima may also offer special discounts that may potentially lower prices by 35% or more if you are eligible. Companies and a summarized list of policyholder discounts are detailed below.
- Progressive has savings for continuous coverage, homeowner, multi-policy, good student, and online quote discount.
- MetLife may offer discounts for claim-free, accident-free, good driver, good student, multi-policy, and defensive driver.
- Mercury Insurance has discounts for ease of repair, good driver, multi-policy, age of vehicle, and professional/association.
- Nationwide discounts include good student, business or organization, Farm Bureau membership, family plan, multi-policy, anti-theft, and accident-free.
- GEICO offers discounts including defensive driver, membership and employees, multi-policy, anti-theft, federal employee, and multi-vehicle.
- AAA includes discounts for pay-in-full, education and occupation, multi-policy, multi-car, and good student.
The chart below illustrates the difference between insurance rates with and without discounts being applied to the rates. The rate quotes are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with marriage, vehicle safety, safe-driver, homeowner, passive restraint, and multiple vehicle discounts applied. When discounts are applied, the amount saved on auto insurance for a Nissan Altima is 28% or $762.
The diagram below shows how different deductible levels can influence insurance prices when getting quotes for cheap insurance for a Nissan Altima. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
A 30-year-old driver could lower rates by $568 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $856 by switching to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could lower their rates as much as $1,674 each year by using a higher deductible. When raising deductibles, it will be required to have plenty of savings on hand to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Full coverage versus liability only rates
Finding cheaper auto insurance is probably important to the majority of people, and an effective way to lower the cost of insurance for a Nissan Altima is to only buy liability insurance. The illustration below illustrates the difference between insurance prices when comparing full coverage to liability only. The premiums assume no claims or driving violations, $250 deductibles, marital status is single, and no discounts are factored in.
As an average for all age groups, physical damage insurance costs an extra $2,933 per year over and above liability only. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no written rule to stop buying comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s assume your vehicle’s claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 annually to have full coverage, then it might be time to buy liability only.
There are a few cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not drop full coverage.