Finding the best cheap car insurance for a Nissan Altima hinges on a large number of rating criteria such as whether you own a home, whether or not you have filed claims in the past, and your choice of deductibles. Georgia drivers will pay on average $1,087 each year to insure their Altima, but that figure is calculated based on a 40-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
There is a good probability you’re not a 40-year-old male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a slight change in rating factors or requested coverage amount can make a large difference in how much coverage for a Nissan Altima costs.
Not everyone needs the same coverages, so the only way to find affordable rates for your Nissan is to put in the effort to do a thorough rate comparison. Quotes are free and you will receive price comparisons from the best companies available.
The specific trim level will have an impact the insurance rate, so the price you pay to insure a Altima 2.5 4-Dr Sedan trim level will be $238 less than the insurance cost for the more costly Altima 3.5 SR 2-Dr Coupe model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$224||$380||$406||$24||$122||$1,156||$96|
|Altima 2.5 S 4-Dr Sedan||$224||$448||$406||$24||$122||$1,224||$102|
|Altima Hybrid 4-Dr Sedan||$254||$448||$406||$24||$122||$1,254||$105|
|Altima 2.5 S 2-Dr Coupe||$254||$448||$458||$28||$138||$1,326||$111|
|Altima 3.5 SR 4-Dr Sedan||$254||$448||$406||$24||$122||$1,254||$105|
|Altima 3.5 SR 2-Dr Coupe||$254||$516||$458||$28||$138||$1,394||$116|
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in vehicle garaging location which can alter rates considerably.
Atlanta auto insurance company ratings
Picking the highest-rated auto insurance company can be challenging considering how many different insurance companies sell coverage in Georgia. The ranking information shown below may help you choose which auto insurance companies to look at comparing prices from. The ratings below are for the largest auto insurers in America, so companies with more of a regional focus are not included in these rankings.
Top 10 Major Auto Insurance Companies in Atlanta Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
The chart below highlights how deductible selection can raise or lower insurance prices when quoting cheap insurance for a Nissan Altima. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower their policy premium by $436 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $656 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could reduce their rates as much as $930 or more by using a higher deductible.
If you do decide to increase your deductibles, it is necessary to have plenty of money set aside to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How much more does full coverage cost in Atlanta?
Paying a lower price for auto insurance is the goal of the majority of vehicle owners, and one of the best ways to find cheap insurance for a Nissan Altima is to buy liability only. The diagram below visualizes the comparison of yearly insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no policy discounts are applied.
Averaged for all ages 20 through 70, full coverage on your policy costs $2,671 per year more than carrying just liability coverage. That may make you wonder if you should buy full coverage. There is no definitive formula for excluding comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your vehicle’s claim settlement value is $10,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $9,000 after you pay the deductible. If you are currently paying more than $900 a year to have full coverage, then it may be the right time to buy liability only.
Why you should be shopping around
Atlanta, GA auto insurance rates are based on many factors that will increase or decrease the price you have to pay. Simply having a birthday, buying a home, or getting caught speeding can trigger rate changes that can make some companies more affordable than others. In addition to those changes, car insurance companies modify rates as often as every quarter in order to maintain liquidity for claims. Heavier than normal losses can result in higher priced premiums, while a better loss history may result in cheaper Altima insurance rates.
To help illustrate this point, the graph below shows which companies have the cheapest car insurance in Atlanta, GA for a 30-year-old male driver with no accidents or violations, and good financial standing. When quoting prices based on his current rating profile, Auto-Owners might quote the lowest car insurance rates in Atlanta at $1,159 annually. This is $370 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife also make the list of the cheapest Atlanta, GA auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Due to the fact that every auto insurer uses their own formula for establishing rates, getting updated rate quotes may result in a different ranking of cheap Atlanta auto insurance companies as shown below.
The Hartford now has the lowest car insurance rate in Atlanta, GA with Georgia Farm Bureau, Mercury, Safeco, and Country also being competitive. This example illustrates why consumers need to take the time to compare many different companies when trying to find affordable auto insurance quotes for a Nissan Altima.
Prices consist of many things and change substantially, so the best company two years ago may now be quite expensive.
How to find budget-friendly auto insurance for a Nissan Altima
The list below summarizes some of the recommended money-saving ideas that can help Georgia drivers buy cheap car insurance.
- Good credit can help you save money
- The safer your car, the less it costs to insure
- Having at-fault accidents will increase rates
- Home or renters coverage can save on auto insurance
- Assess whether full coverage is needed
- Comparison shop frequently
The last item on the list is highly significant, as was noted in the prior article. Car insurance rates can be changed at any time, so drivers shouldn’t be reluctant to change to a new company if you find a better deal.
Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that dedication is costing money that could be used for better things. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for a Nissan Altima in Atlanta.