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

When writing about auto insurance, the words “affordable” or “cheap” should never be used anywhere in the article as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap car insurance for a Nissan Altima is just plain contradictory. Don’t let that ruin your day, because we can show you some ways you can find coverage that is more affordable than your current policy.

Your ability to find cheaper coverage for a Nissan Altima in Rhode Island is dependent upon a large number of factors such as whether or not you are married, whether or not you are currently insured, and if your driving record shows any at-fault accidents. Drivers in Rhode Island will pay on average $1,160 per year for Altima insurance, but that is that rates a 30-year-old married male that includes full coverage and $500 deductibles.

There is a very good chance that you’re not a 30-year-old male, possibly single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Just a slight difference in the rating input factors can cause big differences in the cost of insurance for a Nissan Altima.

This example demonstrates why the most reliable way to find cheap insurance prices for your Nissan is to quote often and with as many companies as possible.

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Your Nissan’s trim level can impact the cost of insurance, so the rate you pay to insure a Altima 2.5 4-Dr Sedan model will be $258 cheaper than the cost to insure the higher-end Altima 3.5 SR 2-Dr Coupe trim level, as shown below.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Rhode Island minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate information does not factor in garaging location in Rhode Island which can alter coverage prices noticeably.

Selecting a highly-rated company can be rather challenging considering how many companies there are in Rhode Island. The information shown below may help you pick which coverage providers you want to consider when trying to find cheaper insurance for a Nissan Altima. The rankings below are only made up of companies that insure vehicles nationwide, so companies that may only write in Rhode Island are not taken into consideration for these rankings.

Cost comparison with and without full coverage

Finding cheap insurance for a Nissan Altima in Rhode Island should be important to the majority of people, and one common way to lower the cost of insurance is to only buy liability coverage. The information below shows the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving citations, $500 deductibles, single status, and no discounts are applied.

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As an average for all age groups, comp and collision coverage costs an additional $2,400 per year over and above liability only. That may make you wonder if you should buy full coverage at all. There is no written rule to eliminate full coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying the physical damage deductible. If premiums are more than $600 annually for full coverage, then you may need to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Accidents and violations increase rates

One of the best ways to find cheap insurance for a Nissan Altima in Rhode Island is to drive attentively and not get tickets or have accidents. The example below illustrates how traffic citations and fender-benders drive up auto insurance costs for each age group. The costs are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

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In the previous example, the average cost of a car insurance policy in Rhode Island per year with no accidents and a clean driving record is $1,951. Add in one speeding ticket and the average cost increases to $2,250, an increase of $299 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of insurance for a Nissan Altima goes up to an average of $5,025. That’s an increase of $3,074, or $256 per month, just for being a less-than-perfect driver!

Who is cheaper: Allstate, State Farm, Geico, or Progressive?

When shopping for insurance for an Altima in Rhode Island, the top insurers to get price quotes from are Allstate, State Farm, Geico, and Progressive. All offer your standard physical damage and liability coverages, but each one has unique coverages that shoppers can choose from. The table below points out ratings for price, service, and claims, in additional to some of the optional coverages that are available.