How long has it been since you compared quotes for lower-priced Nissan Altima insurance in Detroit? Do you get exhausted from robbing Peter to pay Paul to pay insurance each month? You have the same problem as many other Michigan consumers.
It’s astonishing, but 70% of consumers have purchased from the same company for well over three years, and almost 40% of drivers have never even shopped around for cheap coverage. With the average premium in America being $1,847, drivers could save almost 47% a year by just shopping around, but they mistakenly think it’s difficult to compare rate quotes online.
How to quote cheaper Nissan Altima insurance in Detroit
To save the most money, the best way to find affordable quotes for Nissan Altima insurance in Detroit is to compare quotes annually from providers who provide car insurance in Michigan.
- First, take a few minutes and learn about how auto insurance works and the steps you can take to lower rates. Many rating criteria that are responsible for high rates such as at-fault accidents, speeding tickets, and a low credit score can be amended by paying attention to minor details. Later in this article we will cover more information to prevent high rates and find additional discounts.
- Second, request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
- Third, compare the new rates to your current policy premium to see if you can save by switching companies. If you can save some money and switch companies, make sure coverage does not lapse between policies.
- Fourth, tell your current company of your intention to cancel your current coverage and submit the application along with any required down payment to your new agent or company. Once received, store the certificate of insurance above your visor, in the console, or in the glove compartment.
One thing to remember is to try to compare similar limits and deductibles on each price quote and and to get rate quotes from all possible companies. Doing this guarantees a fair rate comparison and a complete rate analysis.
Numerous insurers battle to insure your vehicles, so it can be very hard to choose a insurer to get the best rate on Nissan Altima insurance in Detroit.
If you have insurance now, you will surely be able to cut your premiums using this strategy. Choosing the best rates in Detroit is not rocket science. But Michigan drivers must know the way companies sell online because it can help you find the best coverage.
The cheapest Detroit Nissan Altima insurance
It’s important to know that quoting more gives you a better chance of getting the best price. Not every company allows you to get price estimates online, so it’s important to also get price quotes on coverage from those companies, too.
The providers in the list below have been selected to offer price quotes in Michigan. To locate cheap auto insurance in Detroit, we suggest you get prices from several of them to get a more complete price comparison.
Analysis of coverages
The coverage table below covers different prices for Nissan Altima models. Being aware of how insurance prices are figured is important for you to make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $334 | $602 | $650 | $38 | $194 | $1,818 | $152 |
| Altima 2.5 S 4-Dr Sedan | $334 | $710 | $650 | $38 | $194 | $1,926 | $161 |
| Altima Hybrid 4-Dr Sedan | $376 | $710 | $650 | $38 | $194 | $1,968 | $164 |
| Altima 2.5 S 2-Dr Coupe | $376 | $710 | $734 | $44 | $220 | $2,084 | $174 |
| Altima 3.5 SR 4-Dr Sedan | $376 | $710 | $650 | $38 | $194 | $1,968 | $164 |
| Altima 3.5 SR 2-Dr Coupe | $376 | $816 | $734 | $44 | $220 | $2,190 | $183 |
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Information does not factor in specific location information which can decrease or increase price quotes noticeably.
The diagram below shows how different deductible levels and can influence Nissan Altima insurance prices for each age group. The data is based on a single male driver, full physical damage coverage, and no discounts are applied.
Premiums by gender and age
The chart below shows the comparison of Nissan Altima auto insurance rates for male and female drivers. The rate quotes are based on no violations or accidents, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.
How much more does full coverage cost in Detroit?
The chart below visualizes the comparison of Nissan Altima premium costs with full coverage compared to only the Michigan minimum liability coverage. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.
When to stop buying full coverage
There is no set guideline to delete physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Nissan Altima book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the policy deductible has been paid. If it’s costing you more than $500 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some scenarios where eliminating full coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Why car insurance is not optional
Even though Detroit Altima insurance rates can get expensive, car insurance may be required and benefits you in several ways.
First, the majority of states have compulsory liability insurance requirements which means state laws require a specific level of liability protection in order to drive the car legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a loan on your vehicle, most banks will require that you carry insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the lender will be forced to insure your Nissan at an extremely high rate and require you to reimburse them for the much more expensive policy.
Third, insurance safeguards both your assets and your Nissan Altima. It will also reimburse you for medical bills for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance greatly outweigh the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $830 a year so you should quote and compare rates at every policy renewal to ensure rates are competitive.
You may need specialized insurance coverage
When quoting and comparing insurance from an agent or online for your personal vehicles, there really is no “best” method to buy coverage. Your financial needs are unique and your policy should reflect that.
For instance, these questions may help highlight whether or not you would benefit from professional advice.
- Do I need special endorsements for business use of my vehicle?
- Should I rate my Nissan Altima as pleasure use or commute?
- Am I getting all the discounts available?
- Am I covered if I hit a deer?
- Do I really need UM/UIM coverage?
- Does liability extend to a camper or trailer?
- When should I buy a commercial auto policy?
- Are my tools covered if they get stolen from my vehicle?
- What are the best liability limits?
- Does my personal policy cover me when driving out-of-state?
If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.
Car insurance 101
Having a good grasp of your policy helps when choosing the right coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types available from insurance companies.
Comprehensive coverage
This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as hail damage, damage from flooding, hitting a deer, falling objects and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Coverage for liability
Liability coverage protects you from damage that occurs to people or other property by causing an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 20/40/10 that translate to a $20,000 limit per person for injuries, a per accident bodily injury limit of $40,000, and property damage coverage for $10,000. Another option is a combined limit that pays claims from the same limit without having the split limit caps.
Liability coverage protects against things like loss of income, bail bonds, emergency aid and structural damage. How much coverage you buy is up to you, but you should buy higher limits if possible. Michigan requires minimum liability limits of 20/40/10 but drivers should carry higher limits.
The chart below shows why buying the state minimum limits may not be high enough to adequately cover claims.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for expenses for things like dental work, ambulance fees, pain medications, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Collision protection
This covers damage to your Altima from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a building, rolling your car, driving through your garage door, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your Altima to get cheaper collision coverage.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Nissan Altima.
Since a lot of drivers only carry the minimum required liability limits (Michigan limits are 20/40/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.
Compare auto insurance rates regularly to save
While you’re price shopping online, it’s very important that you do not buy less coverage just to save a little money. In too many instances, someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to find the BEST coverage for the lowest price, but do not skimp to save money.
Throughout this article, we presented some good ideas how you can shop for Nissan Altima insurance online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the most savings is with the least-expected company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.
Steps to finding low-cost rates for Nissan Altima insurance in Detroit
To save the most money, the best way to quote cheaper Nissan Altima insurance in Detroit is to compare quotes annually from different companies that insure vehicles in Michigan. You can compare prices by following these guidelines.
- First, spend some time learning about how insurance companies determine prices and the factors you can control to prevent rate increases. Many rating criteria that increase rates such as traffic citations, accidents, and a not-so-good credit score can be controlled by making small lifestyle or driving habit changes.
- Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for many different companies.
- Third, compare the new quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate, ensure coverage does not lapse between policies.
- Fourth, notify your company or agent of your intention to cancel your current auto insurance policy and submit the completed application along with a down payment for your new coverage. Immediately put the certificate verifying proof of insurance somewhere easily accessible.
A tip to remember is to use similar coverage information on every price quote and and to look at as many auto insurance providers as possible. Doing this helps ensure a fair rate comparison and and a good selection of different prices.
To learn more, feel free to visit these articles:
- What is Full Coverage? (Allstate)
- Who Has the Cheapest Detroit Car Insurance Quotes for a Chevrolet Equinox? (FAQ)
- Who Has Affordable Detroit Car Insurance Rates for a Toyota Highlander? (FAQ)
- What Insurance is Cheapest for 19 Year Olds in Detroit? (FAQ)
- Who Has Cheap Detroit Auto Insurance for College Graduates? (FAQ)
- Liability Insurance Coverage (Nationwide)
- Safety Belts FAQ (iihs.org)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Protecting Teens from Drunk Driving (Insurance Information Institute)