Buying economical auto insurance for a Nissan Altima in North Carolina is pretty easy to do, but it hinges on a whole bunch of factors such as age of the vehicle, your residence address, and blemishes on your driving record. Drivers pay on average $884 per year to insure their Altima, but that price is a projection based upon a 30-year-old married female driver with full physical damage coverage and $100 deductibles.
When making auto insurance estimates, the issue arises that you may not be 30 years old (or even female), single instead of married, and you don’t want the same coverages and limits as the example. Auto insurance requires individual risk assessment, so the only way to find the most affordable coverage for your Nissan is to compare as many rates as you can.
Vehicle trim level tends to impact the annual cost of coverage, so the price you will pay to insure a Altima 2.5 4-Dr Sedan trim level will be $202 less than the insurance cost for the high end Altima 3.5 SR 2-Dr Coupe trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $208 | $380 | $254 | $16 | $76 | $934 | $78 |
| Altima 2.5 S 4-Dr Sedan | $208 | $446 | $254 | $16 | $76 | $1,000 | $83 |
| Altima Hybrid 4-Dr Sedan | $234 | $446 | $254 | $16 | $76 | $1,026 | $86 |
| Altima 2.5 S 2-Dr Coupe | $234 | $446 | $286 | $16 | $86 | $1,068 | $89 |
| Altima 3.5 SR 4-Dr Sedan | $234 | $446 | $254 | $16 | $76 | $1,026 | $86 |
| Altima 3.5 SR 2-Dr Coupe | $234 | $514 | $286 | $16 | $86 | $1,136 | $95 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price estimates do not factor in vehicle garaging location which can raise or lower prices significantly.
Finding a good quality car insurance provider is hard considering how many companies provide coverage in Raleigh. The company information listed below could help you decide which car insurance providers to look at comparing rates with. The ratings below include large, nationwide insurance companies, so companies that may only write in North Carolina are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Liability only or full coverage
Saving on car insurance is probably important to most people, and an easy way to pay lower rates for insurance for a Nissan Altima is to buy only liability coverage. The chart below visualizes the comparison of insurance rates with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, physical damage insurance costs $1,310 per year more than just buying liability only. Lot’s of drivers question when is the right time to remove full coverage. There is no definitive formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $5,500 after paying your policy deductible. If it’s costing in excess of $550 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
Types of discounts on Raleigh car insurance rates
Auto insurance companies that offer quotes for a Nissan Altima may also give you rate discounts that could lower prices by as much as 35% or more if you are eligible. A list of car insurance companies and a summarized list of policyholder discounts are:
- State Farm offers discounts for safe vehicle, accident-free, anti-theft, student away at school, and multiple policy.
- Esurance offers discounts including paid-in-full, safety device, online quote, claim free, and good driver.
- Progressive has savings for homeowner, good student, online signing, multi-policy, multi-vehicle, continuous coverage, and online quote discount.
- Liberty Mutual may include discounts for new graduate, exclusive group savings, multi-policy, new vehicle discount, safety features, preferred payment discount, and multi-car.
- Auto-Owners Insurance offers premium reductions for company car, paperless, student away at school, anti-lock brakes, air bags, and anti-theft.
- GEICO includes discounts for anti-theft, membership and employees, good student, air bags, emergency military deployment, federal employee, and military active duty.
The information below shows the comparison of annual premium costs with and without discounts applied to the policy premium. The data assumes a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with multiple policy, multiple vehicle, marriage, safe-driver, accident-free, and homeowner discounts applied. When discounts are factored in, the average amount saved each year on car insurance for a Nissan Altima is 28% or $577.
How to find the cheapest auto insurance for a Nissan Altima
Below you’ll find some of the better penny-pinching suggestions that can help Raleigh drivers locate cheaper coverage.
- Being accident-free can lower rates significantly
- Save money by insuring older vehicles for liability only
- Safe vehicles cost less to insure
- Do not get traffic citations
- Better credit rating means better rates
- Increase your deductibles
- Compare rates once a year for cheaper prices
That last idea is notably valuable, as we noted in this piece. Prices charged by companies can change considerably based on profitability, so don’t be hesitant to change to a new company if you can save money. Having a favorite company is great, but it isn’t a good idea if that loyalty ends up costing hundreds of dollars a year. It takes less than five minutes to compare rates and find cheaper insurance for a Nissan Altima in Raleigh.