We always joke that when we write about car insurance, the word affordable should never be used as a descriptor for car insurance rates. It’s just reality that cheap car insurance for a Nissan Altima can be extremely hard to find. Don’t let that get you down, though, because we will show you how you can still get auto insurance that won’t break your budget.
The chances of finding cheap insurance for a Nissan Altima in Iowa hinges on a large number of factors like whether or not your vehicle has good safety ratings, where your vehicle is garaged, and if your driving record shows any at-fault accidents. Drivers in Iowa pay around $810 each year to insure a Nissan Altima, but that price is a ballpark figure assuming a 30-year-old married male that purchased full physical damage coverage and $250 deductibles.
It’s more than likely you are not 30 years old and maybe not even male, possibly single instead of married, or maybe you had a chargeable driving offense. What seems to be a small difference in rating variables or coverage information can make a big difference in the price of a policy.
There is no “one size fits all” policy, so the best way to quote the most affordable coverage for your Nissan is to just take the time to do a thorough rate comparison.
Your vehicle’s trim level tends to have a direct impact on the insurance rate, so the price you will be charged to insure a Altima 2.5 4-Dr Sedan will cost $186 less than the cost to insure the higher-priced 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||$192||$324||$250||$14||$74||$854||$71|
|Altima 2.5 S 4-Dr Sedan||$192||$382||$250||$14||$74||$912||$76|
|Altima Hybrid 4-Dr Sedan||$218||$382||$250||$14||$74||$938||$78|
|Altima 2.5 S 2-Dr Coupe||$218||$382||$282||$16||$84||$982||$82|
|Altima 3.5 SR 4-Dr Sedan||$218||$382||$250||$14||$74||$938||$78|
|Altima 3.5 SR 2-Dr Coupe||$218||$440||$282||$16||$84||$1,040||$87|
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Iowa minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in vehicle location which can revise rates noticeably.
Choosing a highly-rated car insurance provider is difficult considering how many companies sell coverage in Iowa. The information listed below can help you pick which providers to look at when trying find the best insurance for a Nissan Altima. These ratings are only comprised of large, nationwide insurance companies, so companies that may only write in Iowa will not be included in this list.
The information below demonstrates how deductible levels can influence insurance premiums when researching cheap insurance for a Nissan Altima. The premiums are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
A 50-year-old driver could reduce rates by $246 a year by switching from a $100 deductible up to a $500 deductible, or save $372 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, have the ability to save up to $810 every year by choosing larger deductibles on their policy. If you do make the decision to raise your deductibles, it is a good idea to have plenty of money set aside to be able to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
The common sense way to obtain the cheapest car insurance premiums for an Altima is to drive cautiously and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and fender-benders can raise insurance prices for different categories of driver ages. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of auto insurance in Iowa per year with a clean driving record and no accidents is $1,614. Add in one speeding ticket and the average cost rises to $1,854, an increase of $240 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Nissan Altima jumps again to an average of $2,536. That’s an increase of $922, or $77 per month, just for not keeping your driving record clean!
The list below details some of the recommended penny-pinching suggestions that can help Iowa drivers locate more affordable coverage.
That last idea is incredibly critical, as was stressed in this piece. Prices in Iowa vary greatly, so don’t be afraid to switch to a new company if a more affordable price is available. Staying with the same company for years is fine, but is isn’t recommended if it’s costing you big bucks every year. In just a couple of minutes you could shop around to find cheaper auto insurance for a Nissan Altima.
When researching auto insurance, the four most popular companies are Allstate, State Farm, Progressive, and Geico. They all have your normal coverages like liability, comprehensive, and collision, but each one offers different options that shoppers can choose from. The data below rates some of the different options and features offered by each one.
|Handling of Claims||1st||2nd||4th||3rd|
|U.S. market share||10%||18.3%||8.8%||11.4%|
|A.M. Best rating||A+||A++||A+||A++|
|S&P financial rating||AA-||AA||AA||AA+|
|New car replacement||Yes||No||No||No|
|Emergency roadside service||Yes||Yes||Yes||Yes|
|Coverage for Uber and Lyft drivers||Yes||Yes||Yes||Yes|
|Rating based on usage||Yes||Yes||Yes||No|
|Insure in Iowa||Yes||Yes||Yes||Yes|
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There are many ways to comparison shop for car insurance in Iowa, but the most preferred are either through a captive (or exclusive) agency like State Farm or Liberty Mutual, an independent agent, or direct either online or via phone. You can use whichever you prefer, but buyers need to know the differences in how they give price quotes.
Independent agents have contracts with multiple insurance companies and can get rate quotes from each one. Independent agents are appointed with more than one company and can give you more rates, which may provide you with the best shot at cutting your rates. If you want to switch companies, your policy can be easily switched to a different company and you don’t have to switch agencies.
An agent who is captive is restricted to quoting rates for one insurance company like State Farm and Auto-Owners agents. They usually cannot provide multiple price quotes, so it’s a good idea to get additional price quotes.
Car insurance from a direct company means you skip an agent and instead buy from a direct company like Geico or Progressive. This car insurance option may be preferred by drivers who do not need complex risk management and have a decent understanding of how car insurance works.
So which of the methods works best to find cheap insurance for a Nissan Altima in Iowa? Most people assume that buying direct saves the most money since there isn’t an agent involved, but in reality, that argument does not hold true. And we’d like to say buying from an independent agent guarantees the cheapest rates due to having more companies to select from, but that’s not always true, either. And sometimes, exclusive agencies have really good rates that cannot be beaten by either independent or direct companies.
Because there are so many factors that make up car insurance rates, the best way to buy the cheapest policy is to get rate quotes and compare. If time allows, get prices from all three to have the best selection of rates to choose from. For a list of companies with online discounts, click here to view.