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

Whenever people write about car insurance, the words “affordable” or “cheap” should not appear as a descriptor for car insurance rates. Sad but true, cheap auto insurance for a Nissan Altima can seem impossible to find. Don’t let that spoil your day, because there may be ways you can still find insurance that you can afford to pay for.

The odds of finding the cheapest auto insurance for a Nissan Altima in Indiana relies on a large number of rating criteria such as how old the Altima is, your current insurance company, and if you have tickets or violations. Drivers in Indiana pay on average $1,250 annually to insure a Nissan Altima, but that is that rates a 30-year-old single female driver that includes full physical damage coverage and $100 deductibles.

But there is a high likelihood that you are not 30 years old and maybe not even female, possibly married instead of single, and you possibly have other drivers on your policy that need factored in. Just a minor change in rating factors or requested coverage amount may result in significant differences in the cost of insurance.

This shows why the best method for finding cheap car insurance rates for your Nissan is to regularly compare rates at renewal.

Find Cheaper Nissan Altima Insurance

The trim level of your Altima will influence price, so the rate you pay to insure a Altima 2.5 4-Dr Sedan will be $292 less expensive the cost to insure the more well-appointed Altima 3.5 SR 2-Dr Coupe trim level, as demonstrated by the prices below.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific location which can affect coverage prices substantially.

Determining which companies have the lowest-priced auto insurance rates for a Nissan Altima calls for more time in order to find the most economical policy.

Each insurer has their own unique process for filing rates in each state, so let’s examine the most competitive auto insurance companies in Indiana. We do need to point out that Indiana auto insurance rates are influenced by many factors that will increase or decrease your annual premium. Improving your credit rating, getting divorced, or getting a couple of tickets may cause policy rate changes resulting in some companies being cheaper than competitors.

Find the Cheapest Auto Insurance for Your Altima

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Travelers has some of the most affordable car insurance rates in Indiana at around $614 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the best Indiana auto insurance companies.

In this example, if you currently buy coverage from Erie and switched to Travelers, you might achieve yearly savings of about $119. Policyholders with Western Reserve could save as much as $250 a year, and Indiana Farmers Mutual policyholders might reduce rates by $253 a year.

Understand that those prices are averaged across all types of insureds and vehicles and and are not figured with a specific rate value for a Nissan Altima. So the company that has the cheapest price for you may not even be included in the list of companies above. That emphasizes why you need to get car insurance quotes using your own specific driver and vehicle information.

Get discount Indiana auto insurance rates

Auto insurance companies that sell the cheapest insurance for a Nissan Altima in Indiana may provide discounts that can lower rates by 30% or more if you meet eligibility requirements. A list of companies and their possible discounts are outlined below.

The chart below illustrates the difference between car insurance rates with and without some available policy discounts. The rates are based on a male driver, no claims or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, vehicle safety, claim-free, anti-theft, multiple policy, and multiple vehicle discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a Nissan Altima is % or $.

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How much more does full coverage cost in Indiana?

Finding the cheapest insurance for a Nissan Altima in Indiana is probably important to the majority of people, and one of the easiest ways to buy cheaper insurance is to buy only liability coverage. The information below compares premium costs with and without full coverage. The premiums are based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2719,1129],[‘Age 30’, 1427,621],[‘Age 40’, 1391,575],[‘Age 50’, 1275,539],[‘Age 60’, 1237,529],[‘Age 70’, 1539,707]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Nissan Altima in Indiana’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, physical damage insurance costs an extra $1,598 per year over having just liability coverage. At some point, almost every driver questions if buying full coverage is worth the money. There is no exact formula for phasing out physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

There are some conditions where removing full coverage is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not drop full coverage.

Which auto insurance company is best?

When it comes to buying auto insurance, the four most popular companies are Progressive, Geico, State Farm, and Allstate. When added together, they make up nearly half of the entire U.S. car insurance market. The table below shows some of the different features offered by each company.