Buying cheap insurance for a Nissan Altima is pretty straightforward, but it is dependent upon a lot of factors such as whether you are male or female, whether you are claim-free, and your choice of deductibles. Indiana drivers pay on average $697 per year for Altima insurance, but that amount is an estimation calculated based on a 30-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
Most likely you aren't exactly 30 years old or even a male, you might be single instead of married, or maybe your Altima doesn't need full coverage. Having just a slight change in the rating criteria used to formulate rates could result in a significant change in the cost of a policy.
This shows why the way we recommend to find cheap insurance prices for your Nissan is to compare as many rates as possible. It's really quite easy you can get prices from top-rated companies in Indiana.
Vehicle trim level impacts the yearly cost, so the price you will be charged to insure a Altima 2.5 4-Dr Sedan trim level will be $150 less than the price to insure the fancier Altima 3.5 SR 2-Dr Coupe model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$134||$230||$280||$16||$84||$744||$62|
|Altima 2.5 S 4-Dr Sedan||$134||$270||$280||$16||$84||$784||$65|
|Altima Hybrid 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|Altima 2.5 S 2-Dr Coupe||$152||$270||$318||$18||$94||$852||$71|
|Altima 3.5 SR 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|Altima 3.5 SR 2-Dr Coupe||$152||$312||$318||$18||$94||$894||$75|
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in specific Indiana garaging location which can influence rates significantly.
Finding out which companies quote the cheapest auto insurance rates for a Nissan Altima in Indiana requires a bit more effort than just picking a company at random. Each auto insurance company uses a different method to set their prices, so let's take a look at the auto insurance companies that tend to be cheaper in Indiana.
It's important to know that Indiana auto insurance rates are impacted by many factors that may substantially change the cost of having a policy. Improving your credit score, getting divorced, or getting caught speeding can trigger changes in premium resulting in some companies being cheaper than before.
Find Cheaper Car Insurance for Your Altima
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$849|
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Travelers quotes some of the lowest car insurance rates in Indiana at around $602 per year. This is $638 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also make the cut as some of the cheaper Indiana insurance companies.
As the example above demonstrates, if you currently have coverage with USAA and switched to Travelers, you may realize an annual premium reduction of approxmiately $59. Customers with Cincinnati Insurance could save as much as $76 a year, and Erie insureds might lower prices by up to $131 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit any of the low-priced companies below.
These prices are averages for all types of insureds and vehicles and do not factor in a specific rate factor for a Nissan Altima. So the company that is most affordable for your situation may not even be in the top 36 companies shown above. That emphasizes why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Discount Indiana car insurance rates
Insurance companies that offer coverage for a Nissan Altima could also offer discounts that could lower prices by as much as 40% or more if you meet certain criteria. A list of companies and some of their more popular discounts are included below.
- GEICO includes discounts for five-year accident-free, good student, daytime running lights, membership and employees, driver training, multi-policy, and anti-theft.
- Travelers offers premium reductions for home ownership, driver training, early quote, hybrid/electric vehicle, multi-car, and multi-policy.
- Farm Bureau may have discounts that include safe driver, renewal discount, youthful driver, multi-policy, and good student.
- Liberty Mutual policyholders can earn discounts including new graduate, safety features, teen driver discount, new move discount, multi-policy, and hybrid vehicle.
- American Family has savings for defensive driver, mySafetyValet, accident-free, good driver, bundled insurance, good student, and multi-vehicle.
- Progressive discounts include online quote discount, continuous coverage, multi-vehicle, multi-policy, and homeowner.
The illustration below illustrates the difference between insurance rates with and without discounts. The data assumes a male driver, no claims, a clean driving record, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, defensive driving course, marriage, passive restraint, anti-theft, and safe-driver discounts applied. When taking advantage of discounts, the the amount saved on auto insurance for a Nissan Altima is 28% or $608.
The illustration below illustrates how your choice of deductibles can increase or decrease insurance costs when trying to find cheap insurance for a Nissan Altima in Indiana. Data assumes a single male driver, full coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could lower their policy premium by $362 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $546 by selecting a $1,000 deductible. Younger drivers, like the age 20 example, could reduce their rates as much as $1,066 or more just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is important to have plenty of money set aside to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How to find economical car insurance for a Nissan Altima in Indiana
The list below shows some of the better penny-pinching suggestions that can help you get cheaper coverage.
- Drop full coverage on older vehicles
- Avoid accidents
- Too many claims can make car insurance unaffordable
- Be a safe driver
- Buying car and homeowners insurance together can save money
- Buy a vehicle with excellent safety ratings
- Shop your coverage around for the best deal
The last tip is incredibly critical, as was noted in the prior information. Prices can be modified anytime, so you should be ready to buy from a new company if you can save money. Staying with the same company for years is fine, but it's not a great idea if your bullheadedness ends up costing you a wad of cash every year. Take a few minutes and shop around and find cheaper car insurance for a Nissan Altima.