Nissan Altima Insurance Quotes in Lexington

Want to learn the secrets to finding cheaper insurance rates in Lexington, KY? Lexington shoppers have lots of choices when shopping for low-cost Nissan Altima insurance. You can either spend your time calling around to get rate comparisons or save time using the internet to compare rates.

There are both good and bad ways to buy insurance and we’ll show you the proper way to price shop coverage on a Nissan and locate the lowest possible price either online or from Lexington insurance agents.

If you already have coverage or just want to reduce your rates, use these money-saving tips to buy cheaper car insurance while maximizing coverage. Our goal in writing this article familiarize you with how car insurance companies work and also save some money in the process You just have to know the fastest way to compare rate quotes using one simple form.

Affordable Nissan insurance rate quotes in Lexington

The companies shown below offer price comparisons in Kentucky. If multiple companies are listed, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Nissan Altima detailed coverage information

The coverage table displayed next highlights detailed analysis of insurance coverage prices for Nissan Altima models. Knowing how car insurance premiums are established can aid in making smart choices when choosing a car insurance company.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in vehicle garaging location which can lower or raise insurance rates substantially.

Higher deductibles save money

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The figures shown below highlight the rate difference between low and high coverage deductibles. The first data table uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in vehicle location which can influence coverage prices substantially.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $26 more each month or $312 every year averaged for all Altima models than requesting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 29 months between claim filings, you would probably come out ahead by going with a higher deductible.

The diagram below illustrates how choosing a deductible and can increase or decrease Nissan Altima annual premium costs for different age groups. The data is based on a married female driver, full coverage, and no discounts are taken into consideration.

Nissan Altima annual premiums for males versus females

The chart below illustrates the difference between Nissan Altima car insurance rates for male and female drivers. The prices are based on no accidents or driving violations, full physical damage coverage, $100 deductibles, single marital status, and no discounts are factored in.

Cost comparison with and without full coverage

The diagram below illustrates the comparison of Nissan Altima car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The data assumes no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

When to eliminate full coverage

There is no exact formula of when to drop physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Nissan Altima settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying your deductible. If it’s costing you more than $400 a year to have full coverage, then it could be time to drop full coverage.

There are some conditions where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

Informed Drivers Can Lower Insurance Rates

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that go into determining the price you pay for auto insurance. When consumers understand what impacts premium levels, this enables informed choices that could help you find big savings.

The itemized list below are some of the major factors auto insurance companies consider when setting prices.

• Your career may increase premiums – Jobs like fire fighters, executives, and miners have higher rates than the rest of us due to intense work situations and extremely grueling work hours. On the flip side, careers like farmers, historians and performers get better rates.

• Premiums are lower the older you get – Teen drivers in Kentucky tend to get distracted easily when at the wheel of a vehicle therefore auto insurance rates are much higher. More experienced drivers are viewed as being more responsible, file fewer claims, and are generally more financially stable.

  The following chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Your credit history is important – A driver’s credit history is likely to be a major factor in determining premium rates. Therefore, if your credit history could use some work, you may save money insuring your Nissan Altima if you clean up your credit. Drivers with very good credit scores tend to file fewer claims and have better driving records than drivers with lower ratings.
• Bundle policies with the same company – Most major insurance companies give lower prices to people that purchase more than one policy. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to check prices from other companies to help ensure you have the lowest rates.
• Having a spouse pays dividends – Having a spouse actually saves money compared to being single. Marriage demonstrates that you tend to be more responsible it has been statistically shown that married drivers tend to have fewer serious accidents.

• Nissan Altima historical loss data – Auto insurance companies factor in historical loss data when they calculate premium rates for each model. Models that have a trend towards higher claim severity or frequency will have increased rates. The data below shows the historical insurance loss data for Nissan Altima vehicles.

  For each policy coverage type, the claim probability for all vehicles averaged together is set at 100. Values below 100 suggest losses that are better than average, while percentages above 100 indicate more frequent claims or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Nissan Altima Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Nissan Altima	110	97	119	144	147	114

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Affordable Nissan Altima insurance in Lexington

The cost of insuring your cars can be expensive, but there may be some discounts to cut the cost considerably. Some discounts will apply at the time of purchase, but less common discounts must be asked about prior to receiving the credit. If you’re not getting every credit available, you are throwing money away.

• Driver Safety – Taking time to complete a driver safety course could possibly earn you a 5% discount depending on where you live.
• Military Rewards – Being deployed with a military unit may qualify for rate reductions.
• Save with More Vehicles Insured – Buying a policy with multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
• Own a Home and Save – Owning a house in Lexington can get you a discount since home ownership means you have a higher level of financial diligence.
• Auto/Home Discount – If you insure your home and vehicles and insure them with the same company you may save as much as 10 to 15 percent.
• Savings for New Vehicles – Putting insurance coverage on a new Altima can be considerably cheaper because new model year vehicles have to meet stringent safety requirements.
• Accident Waiver – Not a discount per se, but companies like Allstate and GEICO will allow you to have one accident before your rates go up so long as you haven’t had any claims prior to the accident.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn lower car insurance rates if you buy some life insurance in addition to your auto policy.
• Smart Student Discounts – Getting good grades can be rewarded with saving of up to 25%. The discount lasts up to age 25.

Consumers should know that most of the big mark downs will not be given to the entire cost. Some only apply to the price of certain insurance coverages like medical payments or collision. Just because you may think you can get free auto insurance, it’s just not the way it works.

The information below shows the difference between Nissan Altima insurance costs with and without discounts applied to the rates. The data is based on a male driver, no violations or accidents, Kentucky state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, homeowner, and safe-driver discounts applied.

If you would like to choose from a list of car insurance companies with the best Nissan Altima insurance discounts in Lexington in Lexington, click this link.

Insurance agent or online?

Certain consumers still prefer to go talk to an agent and that is recommended in a lot of cases Experienced insurance agents can help determine the best coverages and help you file claims. A good thing about getting online price quotes is that you can obtain better rates and still choose a local agent. Supporting local insurance agents is important especially in Lexington.

For easy comparison, once you complete this form (opens in new window), your insurance data is emailed to local insurance agents in Lexington who will give competitive quotes for your car insurance coverage. It makes it easy because there is no need to find an agent because quoted prices will be sent to your email. If you want to quote rates from a specific insurance company, you would need to search and find their rate quote page and complete a quote there.

Finding a good insurer should depend on more than just the price. Here are some questions to ask:

• Are they actively involved in the community?
• What are the financial ratings for the companies they represent?
• Does the agency provide any after hours assistance?
• If independent agents, which companies do they recommend?
• Are they able to influence company decisions when a claim is filed?
• Do they write coverage based solely on cost?
• Is the agency covered by Errors and Omissions coverage?
• Are claims handled at the agent’s location?

Ratings for Kentucky auto insurance companies

Selecting the right auto insurance provider can be rather challenging considering how many companies are available to choose from in Kentucky. The rank data shown next may help you analyze which providers to look at shopping prices with.

Top 10 Lexington Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century

Top 10 Lexington Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Situations that may require an agent’s advice

When quoting and choosing the right insurance coverage for your personal vehicles, there is no one size fits all plan. Each situation is unique.

For instance, these questions may help you determine whether your personal situation might need professional guidance.

• Should I rate my vehicle as business use?
• What is glass protection for?
• Am I covered if I break a side mirror?
• Which companies will insure high-risk drivers?
• Why do I only qualify for high-risk insurance?
• Do I benefit by insuring my home with the same company?
• Should I bundle my homeowners policy with my auto?
• What does UM/UIM cover?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Don’t give up on cheaper coverage

As you prepare to switch companies, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many situations where someone dropped liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.

We covered many ways to compare Nissan Altima insurance prices in Lexington. The most important thing to understand is the more companies you get rates for, the better likelihood of getting low cost Lexington auto insurance quotes. You may even discover the lowest prices are with some of the lesser-known companies.

People change insurance companies for any number of reasons including policy cancellation, questionable increases in premium, high rates after DUI convictions or even an unsatisfactory settlement offer. Regardless of your reason, switching companies can be less work than you think.

Steps to finding the cheapest rates for Nissan Altima insurance in Lexington

If you want to save money, the best way to get the cheapest Nissan Altima insurance in Lexington is to start doing an annual price comparison from companies who sell auto insurance in Kentucky. Rate comparisons can be done by following these steps.

• Step 1: Spend some time learning about coverages and the modifications you can make to prevent rate increases. Many rating criteria that are responsible for high rates such as traffic citations, accidents, and an unacceptable credit score can be eliminated by making lifestyle changes or driving safer.
• Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while agents who are independent can provide price quotes from multiple insurance companies.
• Step 3: Compare the quotes to the premium of your current policy to determine if switching companies saves money. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
• Step 4: Provide written notification to your current company of your intention to cancel your existing policy. Submit payment and a signed application to your new carrier. Once the paperwork is finalized, keep the new certificate of insurance with your vehicle’s registration.

The most important part of this process is to make sure you enter similar deductibles and liability limits on each quote and and to get price estimates from as many different companies as possible. This helps ensure the most accurate price comparison and the best price selection.

Even more information can be found in these articles:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Who Has the Cheapest Lexington Car Insurance Rates for Drivers Under 21? (FAQ)
• How Much are Lexington Auto Insurance Quotes with Multiple Speeding Tickets? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a 20 Year Old Male in Lexington? (FAQ)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Side Impact Crash Tests (iihs.org)