Cheap Insurance for a Nissan Altima in Montana

The chances of buying cheap insurance for a Nissan Altima in Montana is dependent upon an enormous amount of rating factors like how safe your vehicle is, where your vehicle is garaged, and any past driving violations you may have had. Drivers in Montana will pay on average $1,870 annually for Altima insurance, but that rate is that uses rate data for a 30-year-old married female driver that wants full coverage including both comprehensive and collision and $250 physical damage deductibles.

There is a high likelihood that you may not be 30 years old (or even female), maybe you are single instead of married, and maybe your Altima is older and does not require full coverage. Just a minor change in rating factors or requested coverage amount can create big changes in the rate quoted for a Nissan Altima.

Every policy is rated specifically for the driver, so the only way to find the cheapest insurance price for your Nissan is to do the rate comparisons yourself. Quotes only take a few minutes and you will receive rate quotes from some of the cheapest companies available.

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The trim level of your Nissan will have an impact the insurance rate, so the price you will be charged to insure a Altima 2.5 4-Dr Sedan trim level will cost $426 less than the insurance cost for the more costly Altima 3.5 SR 2-Dr Coupe model, as shown in the chart below.

Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in Montana location which can increase or decrease price quotes considerably.

Finding out which insurers offer the most affordable insurance rates for a Nissan Altima takes a bit more work than just comparing a company or two. Each insurance company uses a slightly different approach for determining rates in each state, so let’s examine the overall cheapest insurance companies in Montana.

It’s important that you understand Montana insurance rates are determined by lots of factors which can significantly increase or decrease the cost of having a policy. Getting older, buying a home instead of renting, or having an accident may cause policy rate changes resulting in some companies being cheaper than others.

Best Auto Insurance Prices for Your Altima

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Safeco quotes some of the cheapest car insurance rates in Montana at around $853 a year. Progressive, USAA, State Farm, and MetLife are also some of the most economical Montana car insurance companies.

As depicted above, if you have coverage with State Farm and switched to Safeco, you could see an annual premium reduction of in the neighborhood of $216. Drivers with MetLife may save as much as $287 a year, and National Farmers Union insureds might reduce prices by as much as $351 a year.

Remember that these policy prices are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific rate value for a Nissan Altima. So the company that can offer the best rates for your situation may not even be in the list of companies shown earlier. That affirms the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Nissan Altima in Montana should be important to the majority of people, and an effective way to find cheap insurance is to not insure for full coverage. The information below shows the difference between yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no policy discounts are applied.

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On average, physical damage coverage on your policy costs $4,511 per year more than just insuring for liability. Many drivers may wonder when is it safe to stop buying full coverage. There isn’t a steadfast formula to stop buying physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $9,500 after the deductible is paid. If premium cost is more than $950 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

The diagram below highlights how deductible selection can influence insurance rates when getting quotes for cheap insurance for a Nissan Altima. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

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A 50-year-old driver could cut expenses by $664 a year by increasing from a $100 deductible to a $500 deductible, or save $1,000 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, could save as much as $2,198 annually just by choosing higher deductibles. If you make the decision to raise deductibles, it will be important to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.

Who is cheaper: Geico, State Farm, Allstate, or Progressive?

If you are shopping around for insurance for an Altima in Montana, the companies that insure more vehicles than anyone else are Geico, State Farm, Allstate, and Progressive. When combined, they have nearly half of all auto insurance policies in force. Each one has slightly different options that may influence which company you choose. The following table breaks down some of the ratings and options that are available for customers.