Who Has Cheap Insurance for a Nissan Altima in New York?

Your chances of buying cheaper auto insurance for a Nissan Altima in New York is dependent upon a complicated equation that takes into consideration things such as whether you are a homeower, the likelihood of vehicle theft, and any prior driving citations you have received. New York drivers pay on average $840 annually to insure a Nissan Altima, but that figure is a valuation using rate data for a 40-year-old married female driver that has comprehensive and collision coverage and $250 physical damage deductibles.

The problem with using this number is the good chance you are not a 40-year-old female, you might be single instead of married, and maybe you want higher deductibles. Every driver’s needs are different, and that is why the best way to find cheap insurance rates for your Nissan is to get into the habit of shopping around regularly.

Find Cheaper Nissan Altima Insurance

The trim level of your vehicle tends to have a direct effect on the coverage cost, so the rate you will pay to insure a Altima 2.5 4-Dr Sedan trim level will be $190 cheaper than the cost to insure the higher-priced Altima 3.5 SR 2-Dr Coupe model, as shown in the chart below.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Information does not factor in New York location which can change auto insurance rates greatly.

Shopping around for reasonably-priced auto insurance is tough enough, and determining which company quotes the lowest-priced insurance rates for a Nissan Altima will require even more rate comparisons. Every insurance provider has a unique formula for setting prices, so we need to take a look at the insurance companies that tend to have lower prices in New York.

Cheapest Insurance Rates for Your Altima

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USAA has some of the most affordable car insurance rates in New York at around $1,199 a year. Erie, Progressive, Travelers, and Utica National would also make the list of some of the more affordable New York car insurance companies.

In this example, if you have coverage with Progressive and switched to USAA, you might realize a yearly price reduction of about $313. New York drivers with Travelers may save as much as $314 a year, and Utica National customers might reduce prices by as much as $335 a year.

Remember that these estimates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a specific rating modification for a Nissan Altima. So the auto insurance company that can offer you the best rate may not even be shown in the list of companies shown earlier. That emphasizes why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

Discounts on cheap insurance for a Nissan Altima in New York

Insurance providers that provide policies for a Nissan Altima could also offer premium discounts that could potentially reduce rates by 40% or more if you meet specific criteria. A list of insurance companies and their offered discounts include:

• Progressive may include discounts for homeowner, online signing, multi-policy, good student, multi-vehicle, and continuous coverage.
• AAA includes discounts for good driver, good student, pay-in-full, education and occupation, multi-policy, and AAA membership discount.
• Farmers Insurance may offer discounts for alternative fuel, early shopping, mature driver, electronic funds transfer, and youthful driver.
• GEICO has savings for good student, multi-vehicle, military active duty, emergency military deployment, and membership and employees.
• Esurance offers discounts including online shopper, paid-in-full, good driver, Pac-12 alumni, anti-theft, good student, and multi-policy.
• SAFECO discounts include homeowner, safe driver, teen safe driver, drive less, accident prevention training, and anti-theft.
• State Farm offers premium reductions for student away at school, Steer Clear safe driver discount, Drive Safe & Save, driver’s education, defensive driving training, good student, and anti-theft.

The information below visualizes the comparison of car insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no accidents or driving violations, New York state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with defensive driving course, multiple vehicle, homeowner, vehicle safety, multiple policy, and passive restraint discounts applied. When discounts are factored in, the the average amount saved on insurance for a Nissan Altima is 28% or $524.

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Liability rates compared to full coverage

Finding cheap insurance for a Nissan Altima in New York is important to the majority of drivers, and a great way to reduce the cost of insurance is to only buy liability coverage. The diagram below shows the difference between yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are taken into consideration.

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If all age groups are averaged, comp and collision coverage costs an extra $1,697 per year over and above liability coverage. At some point, almost every driver questions when is it a good idea to stop buying full coverage. There is no definitive rule to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

There are some circumstances where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.

State Farm, Allstate, Progressive, and Geico: Who is best?

When researching auto insurance, four good companies to start with are State Farm, Allstate, Progressive, and Geico. The table below shows price, claims, and customer service ratings, as well as some optional coverages that are available for policyholders.