Buying affordable insurance for a Nissan Altima can be really easy, but it is dependent upon many rating factors such as how many miles you drive each year, whether or not you have filed claims in the past, and blemishes on your driving record. Drivers in Florida will pay around $1,052 each year for Altima insurance, but that figure is an approximation based upon a 50-year-old married male driver with full physical damage coverage and $500 deductibles.
There’s a good chance you’re not a 50-year-old male, possibly single instead of married, and you don’t want the same coverages and limits as the example. Even a slight change in rating variables or coverage information can result in a large change in the price of coverage.
This illustrates why the best method for finding the cheapest insurance price for your Nissan is to do your own rate comparisons.
The trim level of your Altima tends to impact the cost of coverage, so the price you pay to insure a Altima 2.5 4-Dr Sedan trim level will be $230 cheaper than the price to insure the more well-appointed 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||$204||$372||$400||$24||$120||$1,120||$93|
|Altima 2.5 S 4-Dr Sedan||$204||$438||$400||$24||$120||$1,186||$99|
|Altima Hybrid 4-Dr Sedan||$230||$438||$400||$24||$120||$1,212||$101|
|Altima 2.5 S 2-Dr Coupe||$230||$438||$452||$26||$136||$1,282||$107|
|Altima 3.5 SR 4-Dr Sedan||$230||$438||$400||$24||$120||$1,212||$101|
|Altima 3.5 SR 2-Dr Coupe||$230||$506||$452||$26||$136||$1,350||$113|
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific location information which can affect price quotes substantially.
Finding low-cost auto insurance is confusing at best, and figuring out which companies have the lowest-priced auto insurance rates for a Nissan Altima involves a little more work. Each company has a different formula for filing rates in each state, so let’s take a look at the auto insurance companies with the most affordable rates in Tampa, FL.
It’s important that you understand Florida auto insurance rates are impacted by many factors that will increase or decrease the cost of a policy. This price variation is why consumers need to take the time to take the time to shop around when trying to find the most budget-friendly auto insurance quotes for a Nissan Altima. Auto insurance prices consist of many things and can increase or decrease at any time, so the best option six months ago may now be priced much higher than other options.
Best Car Insurance Prices for Your Altima
|Rank||Company||Cost Per Year|
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USAA has some of the lowest car insurance rates in Tampa at around $948 each year. Electric, Amica, Progressive, and Travelers also qualify as some of the cheaper Tampa, FL insurance companies.
As shown in the rates above, if you are a policyholder with Electric and switched to USAA, you could realize an annual savings of around $746. Florida drivers with Amica might save as much as $798 a year, and Progressive customers might realize rate reductions of up to $827 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Understand that those prices are averaged across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for a Nissan Altima. So the company that has the lowest price for you may not even be in the top 21 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
Should you buy full coverage?
Saving on auto insurance is the goal of the majority of drivers, and a great way to lower the cost of insurance for a Nissan Altima is to buy liability only. The diagram below compares insurance costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving violations, $1,000 deductibles, drivers are single, and no other discounts are factored in.
If we average all the age groups together, comprehensive and collision coverage on your policy costs an extra $2,211 per year over and above liability only. Many people question if paying for full coverage is a waste of money. There isn’t a written rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop 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 destroyed, you would only receive $9,500 after the policy deductible has been paid. If it’s costing in excess of $950 annually to have full coverage, then it could be time to drop full coverage.
There are a few cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to carry 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 damaged, you should keep full coverage on your policy.
Discounts on Tampa car insurance
Insurance providers that provide policies for a Nissan Altima may also provide policy discounts that can lower rates by as much as 35% or more if you meet the requirements. A list of companies and their offered discounts are detailed below.
- AAA discounts include AAA membership discount, multi-car, good student, education and occupation, and pay-in-full.
- Progressive offers premium reductions for homeowner, online quote discount, continuous coverage, good student, and online signing.
- State Farm includes discounts for safe vehicle, passive restraint, Steer Clear safe driver discount, defensive driving training, good student, and multiple autos.
- Esurance offers discounts including paid-in-full, DriveSense, homeowner, claim free, and safety device.
- Nationwide may have discounts that include easy pay, business or organization, defensive driving, good student, anti-theft, multi-policy, and accident-free.
The diagram below illustrates the difference between yearly insurance costs with and without policy discounts. The rate quotes are based on a male driver, no violations or accidents, Florida state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with accident-free, safe-driver, marriage, anti-theft, claim-free, and multiple vehicle discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for a Nissan Altima is 28% or $781.
Why you should be comparing rates
Florida auto insurance rates are impacted by many things which can significantly increase or decrease the policy premium. Turning one year older, having a teen driver, or getting a ticket for careless driving can trigger rate changes resulting in some companies being affordable when they were higher priced. And not only may your rating factors change, but insurance companies change rates without warning in order to maintain liquidity for claims. A period of increased losses can result in a rate increase, while less frequent claims can cause lower-cost Altima insurance rates.
To illustrate this example, the graph below shows the companies that have the cheapest car insurance in Tampa, FL for a 35-year-old male driver with a clear driving record, no claims, and a good credit rating. If we estimate rates based on his current situation, USAA may have the best car insurance rates in Tampa at $1,487 a year. This is $961 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury also make the list of the top five cheapest Tampa, FL auto insurance companies.
The chart below compares rates after we give the driver from above a chargeable claim, poor credit, and a speeding ticket. Since each auto insurer uses their own method for setting rates, comparing insurance quotes will most likely result in a completely different list of the cheapest Tampa car insurance companies as shown below.
USAA now has the best price in Tampa, FL with Allied, State Farm, Esurance, and Auto-Owners now rounding out the top five. This example demonstrates why consumers need to perform an extensive rate comparison to find the lowest auto insurance quotes for a Nissan Altima.
Car insurance prices are calculated by many things and change frequently, so the best option the last time you shopped around may now not even be in the top five.
The agents shown below can help you make a decision which coverages and limits you need, since lots of people like to get help from a professional when shopping for the best coverage for a Nissan Altima. It can be complicated to find the best policy on your own, and using a licensed agent can give you peace of mind knowing you have sufficient protection if you have a claim.
To locate a Tampa auto insurance agent close to you, click the button link following the list.
Joyce Coleman – State Farm Insurance Agent
8221 Parkedge Dr – Tampa, FL 33637 – (813) 975-1866
E J Ferro Insurance Agency
Tampa, FL 33647 – Tampa, FL 33647 – (813) 926-1515
All Affordable Insurance Agency
7211 N Dale Mabry Hwy Suite 108 – Tampa, FL 33614 – (813) 935-5554
Adi Khorsandian – State Farm Insurance Agent
20752 Center Oak Dr – Tampa, FL 33647 – (813) 991-4111
How to find more affordable insurance for a Nissan Altima
Here are some penny-pinching suggestions that can help Florida drivers locate low-cost coverage.
- Do not get into accidents that are your fault
- Be a safe driver
- Raise your deductibles
- Bundle home or renters insurance to earn a discount on car insurance
- If possible, do not file small claims
- Improve your credit rating
- Keep rates low by comparing prices once a year
The last suggestion is remarkably necessary, as was affirmed in the article above. Rates in Tampa can change considerably in a year, so don’t be afraid to buy a policy from a new company if a cheaper rate is available.
Many consumers stick with the same company and that’s fine, but it’s not a great idea if that faithfulness ends up costing you a small fortune year after year. If you have a few minutes, now is a great time to compare rates and find cheaper auto insurance for a Nissan Altima.