2020 Nissan Altima Insurance Rates

Average insurance rates for a 2020 Nissan Altima are $1,424 a year including full coverage. Comprehensive insurance costs on average $306, collision insurance costs $570, and liability costs around $390. Buying a liability-only policy costs as low as $452 a year, and high-risk insurance costs $3,088 or more. Teen drivers receive the highest rates at up to $5,286 a year.

Annual premium for full coverage: $1,424

Rate estimates for 2020 Nissan Altima Insurance

Rate data is compiled from all 50 U.S. states and averaged for all 2020 Nissan Altima models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

View Chart as Image

These differences highlight why everyone should compare prices based on a specific location and risk profile, instead of making a decision based on price averages.

Use the form below to get rates for your location.

Want the cheapest car insurance rates for your Nissan Altima? Sick and tired of not being able to scrape enough together to buy car insurance? You’re in the same situation as many other consumers.

Consumers have many car insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, it makes it harder to find the best rates for your vehicles.

You should take the time to compare prices yearly since insurance rates are variable and change quite frequently. Even if you think you had the lowest rate for Altima insurance a few years ago you can probably find a lower rate today. There is a lot of bad advice regarding car insurance out there, but in this article, you’re going to get a bunch of ideas how to stop overpaying for insurance.

Choosing the best insurance company for you is not rocket science. Just about everyone who is required by state law to have car insurance will be able to lower their premiums. But consumers do need to know how the larger insurance companies price online insurance because it can help you find the best coverage.

Reduce insurance rates with these tips

Many different elements are used in the calculation when premium rates are determined. Some are pretty understandable such as your driving record, although others are not as apparent like your continuous coverage or your financial responsibility.One of the most helpful ways to save on insurance coverage is to to have a grasp of the different types of things that are used to determine insurance coverage rates. When consumers understand what impacts premium levels, this allows you to make educated decisions that can help you get big savings.

Shown below are most of the major factors insurance coverage companies consider when setting your rate level.

• Your location is important – Living in small towns and rural areas has it’s advantages when buying insurance coverage. Fewer drivers translates into fewer accident claims. Residents of big cities regularly have traffic congestion and more severe claims. More time commuting can result in more accidents.
• Married people drive safer – Getting married actually saves money on your policy. Having a spouse usually means you are less irresponsible and it’s statistically proven that drivers who are married file infrequent claims.
• Are you male or female? – Over the last 30 years, statistics show that females take fewer risks when driving. However, this does not mean women are BETTER drivers than men. Men and women cause fender benders in similar numbers, but guys cause more damage. Men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers cause the most accidents and are penalized with high insurance coverage rates.
• Vehicles with better crash test results cost less to insure – Safer cars tend to have lower insurance rates. Safer cars protect occupants better and better occupant protection means lower claim amounts and lower rates for you.
• How much liability insurance – Liability coverage is the protection if a court rules you are at fault for causing damage or personal injury in an accident. It provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
• Deter car thieves – Driving a car with anti-theft technology or alarm system can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft.
• Pay more by driving carelessly – Your driving record has a big impact on rates. Drivers with clean records receive lower rates compared to bad drivers. Getting just one speeding ticket can increase the cost of insurance by twenty percent. Drivers who get serious citations such as DUI or reckless driving may need to submit a SR-22 form with their state’s department of motor vehicles in order to keep their license.
• Save money by having multiple policies – Most companies allow discounts for people that have more than one policy, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, it’s in your best interest to shop around to ensure the best deal. You may still save more without the discount by buying insurance from more than one company.

Use discounts on insurance coverage

Some companies do not list every possible discount in a way that’s easy to find, so the following list contains a few of the more common and the harder-to-find credits available to bring down your rates. If you do not double check each discount you deserve, you are paying more than you should be.

• Seat Belt Usage – Requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
• Accident Free – Good drivers with no accidents are rewarded with significantly better rates on auto insurance quote when compared to bad drivers.
• Discount for Swiching Early – A few insurance companies allow discounts for buying a new policy before your current coverage expires. You may see this discount when you get auto insurance quotes online.
• Discount for Good Grades – This discount can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
• New Vehicle Savings – Buying insurance on a new vehicle is cheaper since newer models have better safety ratings.
• Student Driver Training – Teen drivers should sucessfully take a drivers education course if offered at their school.
• Passenger Safety Discount – Factory air bags or automatic seat belts may earn rate discounts as much as 30%.
• First Accident Forgiveness – This isn’t a discount exactly, but certain companies will turn a blind eye to one accident before they charge you more for coverage as long as you don’t have any claims for a specific time period.

It’s important to understand that many deductions do not apply to all coverage premiums. Most only cut specific coverage prices like medical payments or collision. Even though the math looks like having all the discounts means you get insurance for free, it’s just not the way it works.

A list of insurance coverage companies and a partial list of their discounts can be found below.

• AAA policyholders can earn discounts including good student, anti-theft, multi-policy, education and occupation, pay-in-full, and good driver.
• Progressive has discounts for online signing, homeowner, continuous coverage, online quote discount, and multi-vehicle.
• State Farm may include discounts for good student, driver’s education, good driver, safe vehicle, and student away at school.
• Esurance has savings for good driver, multi-policy, defensive driver, Pac-12 alumni, Switch & Save, good student, and online quote.
• Nationwide offers discounts including defensive driving, business or organization, multi-policy, accident-free, anti-theft, and Farm Bureau membership.

Before purchasing a policy, check with every company which discounts they offer. A few discounts might not be offered in your area. If you would like to choose from a list of insurance companies who offer discounts, enter your zip code here.

Car insurance ads are enticing

State Farm, Allstate and GEICO seem to constantly run television and radio advertisements. They all advertise the message of big savings if you just switch to their company. How is it possible that every company can offer you a better deal? Just pay attention to how they say it.

Most companies can use profiling for the type of driver that will be a good risk. For instance, a profitable insured should be between the ages of 30 and 45, has no tickets, and drives a lower-performance vehicle. Anyone who matches that profile receives the best premium rates and as a result will probably save a lot if they switch.

People who may not quite match these standards will get a higher premium which usually ends up with the driver buying from a lower-cost company. If you pay attention, the ads say “people that switch” not “everybody who quotes” save that kind of money. That is how companies can truthfully advertise the savings. Each company has different criteria, so it is so important to get auto insurance quotes from several different companies. Because without a comparison, you cannot know with any certainty which company will have the lowest rates.

Tailor your insurance coverage to you

When choosing the best insurance coverage for your vehicles, there really is no “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out whether you could use an agent’s help.

• Will my rates increase for filing one claim?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Is my cargo covered for damage or theft?
• Do I benefit by insuring my home with the same company?
• When would I need additional glass coverage?
• When should I buy a commercial auto policy?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and enter your zip code.

The coverage is in the details

Understanding the coverages of your auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement. Below you’ll find typical coverages found on most auto insurance policies.

Comprehensive auto insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, hail damage, hitting a bird and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Med pay and PIP coverage kick in for immediate expenses for things like doctor visits, ambulance fees, EMT expenses, chiropractic care and X-ray expenses. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision insurance

This pays for damage to your Altima caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as hitting a mailbox, sustaining damage from a pot hole, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Coverage for liability

This coverage will cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage protects against claims such as repair costs for stationary objects, emergency aid, loss of income, funeral expenses and structural damage. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Keep this in mind

More affordable insurance can be bought online and also from your neighborhood agents, so you should compare both to get a complete price analysis. There are still a few companies who may not have online rate quotes and these smaller companies prefer to sell through independent agents.

When shopping online for insurance, never buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped physical damage coverage and learned later that the savings was not a smart move. Your objective should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

To learn more, take a look at the articles below:

• Child Safety Seats (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)
• Rental Reimbursement Coverage (Allstate)
• Red Light Cameras (State Farm)