Cheap Insurance for a Nissan Altima in North Carolina

When the topic is auto insurance, the word affordable should not be used as a descriptor for auto insurance rates. Excuse the oxymoron, but cheap car insurance for a Nissan Altima is not always easy to find. Don’t get your dauber down, because we are going to tell you how you can still find and buy auto insurance that won’t break the bank.

Whether or not you can find the best cheap car insurance for a Nissan Altima in North Carolina relies on lots of different factors like how far you drive to work, if you have ever had a coverage lapse, and deductible levels for physical damage coverage. North Carolina drivers on average pay approximately $540 each year to buy Nissan Altima insurance, but that is a valuation using rating data for a 50-year-old married female who needs full coverage and $1,000 deductibles.

There’s a good chance you are not exactly 50 years old and possibly not even female, you might be single instead of married, or maybe you have a couple of speeding tickets. Insurance is an individual thing, so your best chance at finding the cheapest rates for your Nissan is to do the rate comparisons yourself. It only takes a few minutes and you will receive prices from the cheapest companies that insure vehicles in North Carolina.

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The trim level of your Nissan has an effect on the coverage cost, so the cost to insure a Altima 2.5 4-Dr Sedan trim level will be $114 less than the cost to insure the more well-appointed Altima 3.5 SR 2-Dr Coupe trim level, as shown in the table below.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rates do not factor in specific location which can decrease or increase auto insurance rates significantly.

Deciding which insurers offer the best car insurance rates for a Nissan Altima requires a little more effort in order to find coverage that fits your buget. Every insurance company uses their own method to set their prices, so we’ll take a look at the lowest cost car insurance companies in North Carolina.

We do need to point out that North Carolina car insurance rates are influenced by many factors which can substantially change the policy price. Simply having another birthday, buying a home instead of renting, or getting a reckless driving citation can produce rate changes that can make some companies more affordable than the competition.

Best Car Insurance Prices for Your Altima

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Progressive may have some of the lowest car insurance rates in North Carolina at around $639 a year. Utica National, Liberty Mutual, Penn National, and GEICO are also some of the lowest-priced North Carolina auto insurance companies.

In this example, if you currently have coverage with Penn National and switched to Progressive, you could see an annual savings of approxmiately $78. North Carolina drivers with GEICO may save as much as $81 a year, and Titan customers might lower prices by up to $90 a year.

Bear in mind that those estimates are averages for all drivers and vehicles and do not take into consideration a specific rate factor for a Nissan Altima. So the auto insurance company that can offer the best rates for your situation may not even be featured in the above rate chart. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

The chart below illustrates how your deductible choice can change insurance costs when searching for cheap insurance for a Nissan Altima. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.

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The chart above illustrates that a 40-year-old driver could pocket $234 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $352 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, can cut up to $788 or even more by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it is essential to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

Cost difference between full coverage and liability

Finding cheap insurance for a Nissan Altima in North Carolina is important to most drivers, and an effective way to buy cheaper insurance is to only buy liability insurance. The illustration below shows the difference between car insurance costs with liability coverage only compared to full coverage. The data assumes no claims or violations, $100 deductibles, single status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3161,891],[‘Age 30’, 1609,493],[‘Age 40’, 1609,457],[‘Age 50’, 1461,429],[‘Age 60’, 1415,421],[‘Age 70’, 1713,561]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Nissan Altima in North Carolina’,minValue: 0,format: ‘$###,###’},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);}

On average, full coverage costs an extra $1,828 per year more than insuring for liability only. That raises the question if you should buy full coverage. There is no written rule to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

There are some circumstances where removing full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Cheapest car insurance: Geico, Allstate, State Farm, or Progressive

When comparing rates for car insurance, four companies you’ll want quotes from are Geico, Allstate, State Farm, and Progressive. The following table compares and contrasts ratings for price, service, and claims, in additional to some of the optional coverages that are available for customers.