Cheapest Insurance for a Nissan Altima in Massachusetts

Our content editors always give us grief that when writing about auto insurance, the word cheap really should not be used anywhere in the article. It’s just a fact that cheap auto insurance for a Nissan Altima is not easy to find. We’ll try to make it up to you, because we will show you how you can get car insurance that is more affordable.

Your chances of finding the cheapest car insurance for a Nissan Altima in Massachusetts is contingent on a very complex rating algorithm that uses multiple factors like your birth date, the insurance company you are currently insured with, and if you have a clean driving record. Drivers in Massachusetts pay an average of $1,490 each year to buy Nissan Altima insurance, but that rate is calculated using a 30-year-old single female driver who requires comprehensive and collision coverage and $100 physical damage deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not exactly 30 years old and possibly not even female, married instead of single, or maybe your Altima doesn’t need comprehensive and collision coverage. Having just a slight change in rating criteria can cause significant differences in the cost of insurance for a Nissan Altima.

This example demonstrates why the best way to quote the cheapest insurance price for your Nissan is to shop your policy around at every renewal. Get a free quote now and you will receive price comparisons from top-rated car insurance companies that offer coverage in Massachusetts.

The specific trim level will influence the yearly cost, so the cost to insure a Altima 2.5 4-Dr Sedan model will be $346 less than the price to insure the higher-end Altima 3.5 SR 2-Dr Coupe model, as shown below.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Prices do not factor in specific zip code location which can lower or raise rates considerably.

Finding out which insurers offer the most affordable auto insurance rates for a Nissan Altima will take a little more work in order to find the lowest price. Each company has their own formula for setting rates, so let’s look at the rankings for the lowest cost auto insurance companies in Massachusetts.

It’s important to understand that Massachusetts auto insurance rates are based on many factors that will increase or decrease the price you have to pay for coverage. Simply turning a year older, getting married, or getting a few speeding tickets can trigger changes in premium that can now make some companies more affordable than competitors.

State Farm quotes some of the cheapest car insurance rates in Massachusetts at around $711 per year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also make the cut as some of the more affordable Massachusetts insurance companies.

As depicted above, if you are a customer of Commerce Group and switched to National Grange Mutual, you might achieve annual savings of approximately $52. Insureds with OneBeacon could save as much as $80 a year, and Progressive customers might cut rates by $206 a year.

Remember that these policy prices are averaged across all types of insureds and vehicles and do not take into consideration a specific rate value for a Nissan Altima. So the car insurance company that is most affordable for your situation may not even be shown in the list of companies shown earlier. That point stresses why you need to get rate quotes using your own individual information.

Types of discounts on Massachusetts auto insurance rates

Auto insurance companies that offer the cheapest insurance for a Nissan Altima in Massachusetts may provide special discounts that could reduce prices by as much as 25% or more if you meet eligibility requirements. Companies and some of the discounts are:

• Progressive may include discounts for multi-vehicle, online quote discount, online signing, continuous coverage, and multi-policy.
• GEICO policyholders can earn discounts including defensive driver, good student, anti-theft, multi-vehicle, anti-lock brakes, and seat belt use.
• State Farm has discounts for good driver, defensive driving training, multiple autos, accident-free, and Steer Clear safe driver discount.
• Esurance has savings for online quote, anti-theft, DriveSense, homeowner, and anti-lock brakes.
• The Hartford includes discounts for vehicle fuel type, good student, defensive driver, bundle, anti-theft, driver training, and air bag.

The chart below shows the comparison of insurance costs with and without discounts applied. Data assumes a male driver, no accidents, no driving violations, Massachusetts state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with anti-theft, claim-free, multiple policy, multiple vehicle, defensive driving course, and homeowner discounts applied. When drivers qualify for the discounts, the average amount saved on auto insurance for a Nissan Altima is 28% or $626.

Cost of full coverage in Massachusetts

Finding the cheapest insurance for a Nissan Altima in Massachusetts is probably important to the majority of vehicle owners, and one of the best ways to save on the cost of insurance is to not pay for full coverage. The illustration below compares insurance costs when comparing full coverage to liability only. The premium estimates are based on no violations or claims, $500 deductibles, drivers are single, and no additional discounts are factored in.

If we average the cost for all age groups, comp and collision coverage costs $2,136 per year over and above liability coverage. That proposes the question when is the right time to remove full coverage. There is no exact formula of when to exclude physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $6,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $5,500 after paying your policy deductible. If premiums are more than $550 annually for your policy with full coverage, then you might consider buying liability only.

There are some cases where dropping physical damage coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Allstate, State Farm, Progressive, or Geico: Which is best?

When shopping around for insurance for an Altima in Massachusetts, four companies you’ll want quotes from are Allstate, State Farm, Progressive, and Geico. All offer liability and physical damage insurance, but each one has a distict selection of optional coverages and features that you can choose from. The data below breaks down ratings and policy coverage options shoppers can expect to find with each one.