Buying affordable coverage for a Nissan Altima can be really easy, but it is dependent upon many factors such as the safety rating of your vehicle, the performance level of your vehicle, and any prior driving offenses you have. Drivers in Kentucky will pay on average $933 a year for Altima insurance, but that amount is a projection based upon a 40-year-old single male driver with full coverage and $1,000 deductibles.
There’s a high likelihood you may not be 40 years old (or even male), married instead of single, or maybe you want different physical damage deductibles. The different assumptions illustrate why the way we recommend to find cheap car insurance rates for your Nissan is to do the rate comparisons yourself.
The specific trim level tends to have a direct effect on the cost of insurance, so the rate you will pay to insure a Altima 2.5 4-Dr Sedan trim level will cost $198 less than the cost to insure the higher-priced Altima 3.5 SR 2-Dr Coupe trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $152 | $308 | $396 | $24 | $118 | $998 | $83 |
| Altima 2.5 S 4-Dr Sedan | $152 | $362 | $396 | $24 | $118 | $1,052 | $88 |
| Altima Hybrid 4-Dr Sedan | $172 | $362 | $396 | $24 | $118 | $1,072 | $89 |
| Altima 2.5 S 2-Dr Coupe | $172 | $362 | $446 | $26 | $134 | $1,140 | $95 |
| Altima 3.5 SR 4-Dr Sedan | $172 | $362 | $396 | $24 | $118 | $1,072 | $89 |
| Altima 3.5 SR 2-Dr Coupe | $172 | $418 | $446 | $26 | $134 | $1,196 | $100 |
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in garaging location in Lexington which can change premiums considerably.
Trying to buy low-priced auto insurance is not easy, and deciding which company offers the best insurance rates for a Nissan Altima requires additional perseverance. Each insurance company has a proprietary formula to determine premium rates, so let’s take a look at the most budget-friendly insurance companies in Lexington.
It’s important to know that Lexington, KY insurance rates are impacted by many factors that may substantially change the cost of a policy. This price variation is why it is so important to compare lots of rates when trying to find cheap insurance rates for a Nissan Altima. Insurance rates are influenced by many risk factors and can change substantially, so the most economical company when you last compared rates may now be one of the more expensive options.
Best Auto Insurance Prices for Your Altima
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,093 |
| 2 | Kentucky Farm Bureau | $1,128 |
| 3 | USAA | $1,211 |
| 4 | Auto-Owners | $1,357 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Travelers | $1,614 |
| 7 | Grange Mutual | $1,625 |
| 8 | State Farm | $1,793 |
| 9 | Westfield | $1,832 |
| 10 | Safe Auto | $1,972 |
| 11 | Nationwide | $2,064 |
| 12 | Electric | $2,076 |
| 13 | Progressive | $2,077 |
| 14 | State Auto | $2,166 |
| 15 | Encompass | $2,288 |
| 16 | GEICO | $2,437 |
| 17 | Safeco | $2,763 |
| 18 | MetLife | $3,146 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,634 |
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Cincinnati Insurance quotes some of the cheapest car insurance rates in Lexington at around $1,093 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also are some of the lowest-priced Lexington, KY car insurance companies.
As shown in the table above, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you could see a yearly savings of roughly $229. Policyholders with Motorists Mutual could save as much as $425 a year, and Travelers policyholders might reduce rates by $486 a year.
It’s important to note that these rates are averaged for all types of insureds and vehicles and and are not calculated with an exact location for a Nissan Altima. So the auto insurance company that is best suited for you may not even be in the top 21 companies in the list above. That emphasizes why you need to compare prices as often as possible using your own specific driver information and vehicle.
The diagram below highlights how deductible choice can affect premium costs when quoting cheap insurance for a Nissan Altima. The price estimates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 30-year-old driver could save $414 a year by increasing from a $100 deductible up to a $500 deductible, or save $622 by switching to a $1,000 deductible. Young drivers, like the 20-year-old category, can save $920 or more by choosing a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will be important to have spare funds to be able to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Full coverage or liability only
Reducing the cost of insurance should be important to most drivers, and a great way to lower the cost of insurance for a Nissan Altima is to not buy full coverage. The example below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
On average, physical damage insurance costs $2,222 per year more than just buying liability only. Many people question if it’s a good idea to buy full coverage. There is no specific rule for dropping physical damage insurance, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
There are some cases where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
How to find cheaper auto insurance for a Nissan Altima
The list below summarizes some of the recommended thrifty solutions that can help Kentucky drivers locate lower-cost auto insurance.
- Safe vehicles generally have lower rates
- Having too many claims will increase rates substantially
- Do not get traffic tickets
- Improve your credit
- Avoid preventable accidents
- Compare quotes from other companies often
That last piece of advice is very necessary, as we discussed in the prior information. Prices charged by car insurance companies vary greatly, so don’t be unwilling to switch carriers if a more affordable price is available.
Having brand loyalty is commendable, but it isn’t a good idea if that inflexibility results in costing you a lot of money. In just a few minutes you could shop around to find cheaper auto insurance for a Nissan Altima in Lexington.
If you prefer to get some professional advice when comparing insurance rates for a Nissan Altima, the insurance agencies listed below are a good start to help you decide which insurance coverage you need. To find a Lexington insurance agency nearest to you, click the button at the bottom of the list.
Nationwide Insurance: Turner Ins Group LLC
3320 Clays Mill Rd #211 – Lexington, KY 40503 – (859) 219-0972
Allstate Insurance: Joshua Williams
2240 Executive Dr Ste 103 – Lexington, KY 40505 – (859) 243-0162
GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655