How Much is Insurance for a Nissan Altima in Rhode Island?

When we talk about auto insurance, the words cheap or affordable should never be used anywhere in the article as a descriptor for auto insurance rates. The fact is, cheap car insurance for a Nissan Altima can seem impossible to find. But don’t let us ruin your dream, because we are going to show you some ways you can find and buy auto insurance that is easier on your budget.

The chances of buying the cheapest car insurance for a Nissan Altima in Rhode Island relies on a complicated equation that takes into consideration things like how you use your vehicle, if you have ever let your policy lapse, and the level of deductible you choose. Rhode Island drivers pay an average rate of $980 annually for Altima insurance, but that figure is a ballpark figure calculated using a 40-year-old married male who needs full coverage including both comprehensive and collision and $1,000 policy deductibles.

But there is a high probability that you are not 40 and maybe not even a male, you might be single instead of married, or maybe your Altima doesn’t need comprehensive and collision coverage. Every policy is rated specifically for the driver, so your best shot at finding cheap insurance prices for your Nissan is to make a habit of comparing rates at every renewal.

The trim level of your vehicle will be a contributing factor to the yearly cost, so the price you pay to insure a Altima 2.5 4-Dr Sedan will be $204 cheaper than the price to insure the higher-end Altima 3.5 SR 2-Dr Coupe version, as shown by the rates below.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Rhode Island minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in specific location information which can alter prices significantly.

Which auto insurance company is best in Rhode Island?

Insuring your vehicle with a highly-rated insurer is difficult considering how many different companies there are to choose from in Rhode Island. The company information shown below can help you decide which auto insurers to look at purchasing a policy from. The rankings below are only made up of companies that write coverage in many states, so smaller companies will not be included in these rankings.

The illustration below shows how choosing a deductible can raise or lower insurance rates when getting quotes for cheap insurance for a Nissan Altima. The costs are based on a single male driver, full coverage, and no other discounts are factored in.

In the chart above, a 40-year-old driver could lower their car insurance rates by $452 a year by switching from a $100 deductible to a $500 deductible, or save $678 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can cut up to $1,506 every year just by choosing larger deductibles.

If you do decide to increase your deductibles, it’s a good idea to have emergency funds available to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to get discounts on Rhode Island car insurance rates

Car insurance companies that offer cheap insurance for a Nissan Altima in Rhode Island may additionally offer discounts that may potentially lower prices by 40% or more if you can meet the requirements. Companies and the discounts they provide are included below.

• State Farm discounts include accident-free, safe vehicle, multiple policy, student away at school, driver’s education, and defensive driving training.
• American Family offers discounts including Steer into Savings, good student, mySafetyValet, air bags, and TimeAway discount.
• AAA policyholders can earn discounts including multi-car, multi-policy, pay-in-full, AAA membership discount, and anti-theft.
• GEICO may offer discounts for multi-vehicle, anti-lock brakes, air bags, multi-policy, seat belt use, five-year accident-free, and military active duty.
• Mercury Insurance may have discounts that include low natural disaster claims, multi-car, annual mileage, good student, anti-theft, and good driver.
• Farmers Insurance includes discounts for bundle discounts, distant student, teen driver, electronic funds transfer, and alternative fuel.
• Progressive offers discounts for good student, homeowner, online signing, multi-policy, online quote discount, continuous coverage, and multi-vehicle.

The information below shows the comparison of car insurance costs with and without discounts. The price estimates are based on a male driver, no accidents or driving violations, Rhode Island state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with defensive driving course, anti-theft, multiple vehicle, passive restraint, multiple policy, and marriage discounts applied. When drivers qualify for the discounts, the average yearly reduction on auto insurance for a Nissan Altima is 28% or $629.

Allstate, Progressive, State Farm, and Geico compared

When researching insurance for an Altima in Rhode Island, the four most popular companies are Allstate, Progressive, State Farm, and Geico. The following table rates pricing and service ratings, as well as optional policy coverages that are available from each company.

Best cheap Nissan Altima insurance quotes

You have many ways to find affordable auto insurance in Rhode Island, but the most common ways are using a non-exclusive or independent agent, an exclusive insurance agent such as State Farm or Allstate, or direct from companies such as Geico or Progressive.

You can use whichever you prefer, but buyers should know the differences in how they work.

Independent agencies can place your business with multiple companies and can get rate quotes from all of them. They do not work for one specific company and can give you more rate choices, which may give you the best idea of how your rates compare. If your premiums go up, the business is moved internally and you don’t have to do anything.

An exlusive, or captive, agency is only able to write business for a single insurance company, two examples being an Allstate or State Farm agent. This type of agents cannot place coverage with different providers, so unless you get quotes from other companies, you cannot determine which is cheapest.

Opting to purchase auto insurance direct means you forego local agents and buy from a direct company like Geico. This auto insurance option is good for families who have little risk and know more than average about the exclusions of a policy.

Out of those three methods, which one works best to buy cheap insurance for a Nissan Altima in Rhode Island? The obvious answer would be shopping direct results in the cheapest rates since that prevents the need to pay agent commissions, but unfortunately, it’s not that cut and dried. A valid argument could also be made that buying from an independent agent saves the most money due to increased selection, but that assumption is also not necessarily accurate. And sometimes, exclusive agents have very competitive rates that are impossible to beat.

Because there is so much variation in auto insurance prices, really the only way to ensure you are not overpaying for auto insurance is to get rate quotes and compare. If time allows, get prices from all three types to have the best rate selection. A great place to start is our list of online companies offering discounts: click here to view.