Buying the best cheap coverage for a Nissan Altima hinges on a lot of rating factors such as how you use your Altima, whether or not you garage your vehicle, and driving violations. Drivers will pay around $1,318 each year to insure their Altima, but that amount is a valuation based on a 40-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you are not 40 and maybe not even a female, maybe you are married instead of single, and maybe your Altima is older and does not require full coverage. Not every driver requires the same auto insurance coverages, so the only real way to find the cheapest coverage for your Nissan is to do the rate comparisons yourself. To start saving now, get free quotes and you can get prices from some of the most affordable companies around.
The trim level of your Altima will influence the annual cost of coverage, so the price you will pay to insure a Altima 2.5 4-Dr Sedan trim level will be $300 less expensive the insurance cost for the more costly Altima 3.5 SR 2-Dr Coupe trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $260 | $516 | $456 | $28 | $136 | $1,396 | $116 |
| Altima 2.5 S 4-Dr Sedan | $260 | $608 | $456 | $28 | $136 | $1,488 | $124 |
| Altima Hybrid 4-Dr Sedan | $294 | $608 | $456 | $28 | $136 | $1,522 | $127 |
| Altima 2.5 S 2-Dr Coupe | $294 | $608 | $516 | $30 | $154 | $1,602 | $134 |
| Altima 3.5 SR 4-Dr Sedan | $294 | $608 | $456 | $28 | $136 | $1,522 | $127 |
| Altima 3.5 SR 2-Dr Coupe | $294 | $702 | $516 | $30 | $154 | $1,696 | $141 |
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in zip code location which can raise or lower coverage rates substantially.
Finding out which company has the cheapest insurance rates for a Nissan Altima will involve a little more effort than just picking a company at random. Each insurer has a unique formula for determining rates, so we’ll take a look at the overall cheapest insurance companies in Colorado.
It’s a good idea to be aware that Colorado Springs insurance rates are based on many factors that will increase or decrease the policy price. Improving your credit score, having a teenage driver, or having an accident can trigger rate changes that can now make some companies cheaper than before.
Cheapest Insurance Rates for Your Altima
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $978 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,121 |
| 5 | GEICO | $1,152 |
| 6 | Auto-Owners | $1,156 |
| 7 | Travelers | $1,183 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,301 |
| 10 | Amica | $1,340 |
| 11 | Progressive | $1,362 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,502 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,592 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,738 |
| Find Your Rate Go | ||
The Hartford may offer some of the most affordable car insurance rates in Colorado Springs at around $834 each year. This is $744 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also qualify as some of the more affordable Colorado Springs, CO insurance companies.
In the above rates, if you are currently insured with USAA and switched to The Hartford, you might realize a yearly savings of approximately $165. Drivers with Nationwide may save as much as $287 a year, and GEICO customers might lower prices by up to $318 a year.
These premium estimates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a specific location for a Nissan Altima. So the company that can offer the best rates for your situation may not even be in the top 21 companies in the list above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The diagram below illustrates how your deductible choice can affect insurance premiums when researching cheap insurance for a Nissan Altima. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
As shown above, a 30-year-old driver could cut expenses by $432 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $650 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut as much as $916 every year by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it will be required to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Careless driving habits raise insurance rates
The common sense way to obtain low insurance prices in Colorado for an Altima is to be an attentive driver and avoid at-fault accidents and violations. The information below demonstrates how speeding tickets and at-fault fender-benders can raise auto insurance rates for different categories of driver ages. The costs are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of an auto insurance policy in Colorado per year with no accidents or violations is $1,978. Get written up for two speeding tickets and the average cost increases to $2,651, an increase of $673 each year. Then add two accidents along with the two speeding tickets and the yearly cost of insurance for a Nissan Altima increases to an average of $5,218. That’s an increase of $3,240, or $270 per month, just for not driving attentively!
How to find low-cost insurance for a Nissan Altima
Here are some of the recommended thrifty suggestions that can help drivers get cheaper coverage.
- Bundle car and home insurance and save money
- Higher comprehensive and collision coverage deductibles will save money
- Improve your credit score
- Do not get traffic violations
- Prevent rate increases by staying accident-free
- Do not file small claims
- Compare rates often to find the best deal
That final tip is notably crucial, as we discussed in this article. Prices charged by car insurance companies can be changed at any time, so you should be ready to change to a new company if you find a cheaper price. Having a favorite company is great, but it’s not recommended if that faithfulness ends up costing you big bucks every year. Now is a great time to compare prices and find cheaper insurance for a Nissan Altima in Colorado Springs.