How Much are Insurance Quotes for a Nissan Sentra in New Mexico?

When the topic is car insurance, the words “cheap” or “affordable” should not appear anywhere in the article to describe car insurance rates. Despite the oxymoron, cheap car insurance for a Nissan Sentra may be a thing of the past. Don’t let that bother you, though, because there may be ways you can still find car insurance that doesn’t cost an arm and a leg.

Your odds of finding the best cheap car insurance for a Nissan Sentra in New Mexico depends on a very complex rating algorithm that uses multiple factors such as how long your commute is, if you are currently insured, and your choice of physical damage deductibles. Drivers in New Mexico pay an average rate of $1,250 each year to insure their Sentra, but that is an approximation using cost data for a 40-year-old single male who requires comprehensive and collision coverage and $100 policy deductibles.

Chances are that rate is not what you would pay, because most likely you are not exactly 40 years old and possibly not even male, married instead of single, and you might want liability-only or different deductibles. Everyone has different rating factors, so your best shot at finding cheap car insurance rates for your Nissan is to just take the time to do a thorough rate comparison. In just a few minutes you will receive prices from some of the cheapest companies that insure vehicles in New Mexico.

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Vehicle trim level will most likely have an effect on the yearly cost, so the cost to insure a Sentra 2 will be $242 less than the insurance cost for the more expensive Sentra SE-R SPEC V trim level, as shown below.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in specific location information which can affect coverage rates significantly.

Best car insurance in New Mexico

Insuring your vehicle with the best insurance company is difficult considering how many companies sell coverage in New Mexico. The ranking information in the lists below may help you analyze which auto insurance companies to look at shopping prices with. These rankings are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on New Mexico business are not taken into consideration for the list.

Top 10 Large Auto Insurers in New Mexico Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Nationwide
9. Safeco
10. Esurance

Top 10 Large Auto Insurers in New Mexico Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. GEICO
6. Liberty Mutual
7. Allstate
8. Titan Insurance
9. The Hartford
10. The General

Top Companies for Nissan Sentra Insurance in New Mexico

Full coverage rates compared to liability-only

Finding cheap insurance for a Nissan Sentra in New Mexico is important to the majority of people, and one common way to save on the cost of insurance is to only buy liability coverage. The example below shows the comparison of auto insurance rates with and without physical damage coverage. The premium estimates are based on no violations or claims, $500 deductibles, single marital status, and no additional discounts are factored in.

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If we average all the age groups together, full coverage on your policy costs an extra $2,023 per year over having just liability coverage. Many people question if you should buy full coverage. There isn’t a written rule to delete physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your vehicle’s claim settlement value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,500 after the deductible is paid. If it’s costing in excess of $850 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

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

When shopping for insurance for a Sentra, some of the largest companies to start with are Progressive, Allstate, Geico, and State Farm. All four offer physical damage and liability coverage, but each has unique coverages that drivers can select from. The table below compares and contrasts pricing and service ratings, plus some optional coverages that are available for customers.

How to find cheaper car insurance for a Nissan Sentra

The list below details some of the better penny-pinching ideas that can help New Mexico drivers quote the cheapest coverage.

• Do not get traffic citations
• Remove physical damage coverage on older vehicles
• Raise deductibles to save money
• Prevent rate increases by staying accident-free
• Pay for small claims rather than turning them in to your insurance company
• Compare rates once a year for cheaper prices

The last tip is notably valuable, as we emphasized in this article. Prices charged by companies can be changed at any time, so you should be ready to switch to a new company if you find a better deal. Staying with the same car insurance company is fine, but we do not recommend it if that faithfulness ends up costing you hundreds of dollars year after year. Take a couple minutes and shop around to find cheaper auto insurance for a Nissan Sentra.

Cheap Nissan Sentra insurance quotes

Consumers have many ways to quote cheap car insurance rates in New Mexico, but the most common are from an exclusive insurance agent such as State Farm or Auto-Owners, a non-exclusive or independent agent, or from a direct company like Progressive or Geico.

They all have the same basic principle, but it’s important to understand the differences in how they price policies.

Independent insurance agents have contracts with multiple insurance companies and can get rate quotes from every one. Agents of this type will provide multiple price quotes, which may provide you with more bang for your buck. If a cheaper price is found, an independent agent can move your coverage which makes it easier to save money.

A captive or exclusive agent is only able to quote your policy with one company like an Auto-Owners or Allstate agent. These guys and gals cannot compare rates from other companies, so unless you get quotes from other companies, you cannot determine which is cheapest.

Buying car insurance direct means you forego the middleman (the agent) and instead buy direct online or over the phone from a company like Progressive or Geico. This car insurance option may be preferred by people who do not need advice for asset protection and know what is covered and what is not.

Which method is best for finding cheap insurance for a Nissan Sentra in New Mexico? One answer would be buying from a direct car insurance company yields the cheapest rates since it doesn’t require paying agent commissions, but unfortunately, it’s not that simple. A valid argument could also be made that buying from an independent agent is the best way to go because they can shop around, but that is not necessarily true either. In some circumstances, exclusive agencies may have very competitive prices that are the cheapest in New Mexico.

Since car insurance prices vary so much, the guaranteed way to get the lowest rate is to compare rate quotes from as many companies as possible. It’s recommended that drivers get rate quotes from independent agents, exclusive agents, and direct companies in order to be able to find the lowest price. For a list of companies offering online discounts, click here to view.