Who Has the Cheapest Insurance for a Nissan Altima in Delaware?

Your chances of buying the best cheap coverage for a Nissan Altima in Delaware is contingent on lots of different factors such as the safety features of your vehicle, if you are currently insured, and physical damage deductibles. Drivers on average pay around $1,320 each year to insure their Altima, but that cost is calculated using a 40-year-old single male that included full physical damage coverage and $500 physical damage deductibles.

It’s highly likely that you may not be 40 years old (or even male), maybe you are married instead of single, or you just prefer to insure for liability only. What seems to be a minor change in the factors used to determine rates can lead to a significant difference in the policy cost.

Auto insurance is not the same for everyone, so the best method for finding the cheapest coverage for your Nissan is to get into the habit of comparing rates once a year.

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Your Nissan’s trim level impacts the yearly cost, so the price you pay to insure a Altima 2.5 4-Dr Sedan will be $292 less than the price to insure the more well-appointed Altima 3.5 SR 2-Dr Coupe model, as shown in the chart below.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in specific location information which can raise or lower price quotes significantly.

Figuring out which insurers offer the cheapest car insurance rates for a Nissan Altima will take a bit more effort than just picking a company at random. Each insurer has a proprietary formula to establish rates, so let’s take a look at the car insurance companies that tend to be cheaper in Delaware.

We do need to point out that Delaware car insurance rates are based on many factors that can increase the price of coverage. Improving your credit rating, having a teen driver, or getting into an accident may prompt premium changes resulting in some companies being more affordable than others.

Best Car Insurance Prices for Your Altima

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USAA quotes some of the best car insurance rates in Delaware at around $840 annually. Travelers, Nationwide, Atlantic States, and California Casualty also rank well as some of the cheaper Delaware insurance companies.

In the above rates, if you have coverage with Atlantic States and switched to Travelers, you might realize savings of around $208. Insureds with California Casualty could save as much as $209 a year, and Titan insureds might see rate reductions of $288 a year.

Be aware that those policy prices are averaged for all drivers and vehicles in Delaware and and are not figured with a specific rating modification for a Nissan Altima. So the company that can offer you the lowest price may not even be in the list of companies above. That emphasizes why you need to get quotes using your own driver information and specific vehicle type.

Does it make sense to buy full coverage?

Finding the cheapest insurance for a Nissan Altima in Delaware is probably important to the majority of drivers, and one of the best ways to buy cheaper insurance is to buy only liability coverage. The illustration below compares annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are factored in.

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If we average the cost for all age groups, full coverage costs an additional $2,726 per year over liability only. Many of you may wonder if paying for full coverage is a waste of money. There is no set guideline for phasing out physical damage coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $10,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $9,500 after paying the physical damage deductible. If premium cost is more than $950 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

Careless driving habits raise car insurance rates

One of the best ways to maintain the cheapest insurance for a Nissan Altima in Delaware is to drive safe and avoid accidents and traffic citations. The chart below shows how speeding tickets and at-fault claims raise car insurance costs for different ages of insureds. The premium estimates are based on a married female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

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In the example above, the average cost of an auto insurance policy in Delaware per year with no violations or accidents is $1,647. Add in two speeding tickets and the average cost jumps to $2,335, an increase of $687 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of car insurance for a Nissan Altima increases to an average of $3,036. That’s an increase of $1,389, or $116 per month, just for a couple of infractions!

Does State Farm, Geico, Allstate, or Progressive have the cheapest car insurance?

When it comes to insurance for an Altima in Delaware, some of the first companies to look at are State Farm, Geico, Allstate, and Progressive. When combined, they make up nearly half of all policies written in the United States. They all have the same basic coverages, but each one has a unique set of features, discounts, and options that drivers can select from. The following table ranks some of the ratings and options that are available for policyholders.