Finding cheap auto insurance for a Nissan Altima in Texas depends on many rating factors such as the safety rating of your vehicle, whether or not you have prior claims, and blemishes on your driving record. Drivers pay around $940 annually to insure their Altima, but that amount is an estimate based upon a 40-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
The issue that arises when projecting rates is that it’s very likely that you may not be 40 years old (or even female), possibly single instead of married, or maybe you’re a renter instead of a homeowner. Even a minor change in rating variables or coverage information could end up in a significant change in the cost of a policy.
Auto insurance requires individual risk assessment, so the only way to find affordable rates for your Nissan is to just compare rates yourself.
The specific model of Altima tends to impact the cost of insurance, so the price you pay to insure a Altima 2.5 4-Dr Sedan model will be $198 less than the insurance cost for the higher-end Altima 3.5 SR 2-Dr Coupe model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$156||$306||$400||$24||$120||$1,006||$84|
|Altima 2.5 S 4-Dr Sedan||$156||$360||$400||$24||$120||$1,060||$88|
|Altima Hybrid 4-Dr Sedan||$176||$360||$400||$24||$120||$1,080||$90|
|Altima 2.5 S 2-Dr Coupe||$176||$360||$452||$26||$136||$1,150||$96|
|Altima 3.5 SR 4-Dr Sedan||$176||$360||$400||$24||$120||$1,080||$90|
|Altima 3.5 SR 2-Dr Coupe||$176||$414||$452||$26||$136||$1,204||$100|
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase prices considerably.
Determining which company offers the lowest-priced insurance rates for a Nissan Altima may require more time than just comparing rates from one or two companies. Each auto insurer uses their own method for determining rates in each state, so let’s look at the rankings for the overall cheapest insurance companies in Fort Worth, TX.
It’s important to understand that Texas insurance rates are determined by lots of factors which can substantially decrease or increase the cost of having a policy. Simply having another birthday, marrying your spouse, or getting a DUI can trigger price changes resulting in some rates now being cheaper than competitors.
Find the Cheapest Auto Insurance for Your Altima
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers has some of the best car insurance rates in Fort Worth at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the best Fort Worth, TX insurance companies.
In the above example, if you are currently insured with Germania Mutual and switched to Travelers, you could realize a yearly price reduction of upwards of $242. Policyholders with Esurance might save as much as $355 a year, and California Casualty insureds might see rate reductions of $372 a year.
To see if your current coverage is too expensive, click here to start your free quote or feel free to get quotes from the companies below.
It’s important to note that these prices are averaged for all types of insureds and vehicles and and are not calculated with a specific zip code for a Nissan Altima. So the insurer that can offer you the best rate may not even be in the list above. That’s why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
Full coverage rates compared to liability only
Finding the cheapest insurance should be important to the majority of people, and one common way to find cheaper insurance for a Nissan Altima is to not insure for full coverage. The example below shows the difference between insurance costs with and without physical damage coverage. The prices are based on no claims or driving violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
On average, physical damage coverage costs an extra $2,974 per year more than just insuring for liability. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no set rule of when to stop paying for physical damage insurance, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s say your vehicle’s book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after the deductible is paid. If it’s costing you more than $200 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
The illustration below shows how choosing a deductible can affect insurance premiums when getting quotes for cheap insurance for a Nissan Altima. The rate quotes are based on a married male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower their car insurance rates by $412 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $618 by using a $1,000 deductible. Even younger insureds, like the 20-year-old category, could save $1,384 or more just by choosing higher deductibles.
If you make the decision to raise deductibles, it’s a good idea to have emergency funds available to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How careless driving impacts insurance rates
One of the best ways to maintain affordable insurance rates in Texas for an Altima is to be a safe driver and not get tickets or have accidents. The chart below shows how violations and at-fault claims increase auto insurance rates for different age groups. Data assumes a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of a car insurance policy per year with no violations or accidents is $1,719. Get one speeding ticket and the average cost hikes up to $1,978, an increase of $260 each year. Now throw in two accidents along with the one speeding ticket and the yearly cost of insurance for a Nissan Altima jumps again to an average of $4,354. That’s an increase of $2,635, or $220 per month, just for not keeping your driving record clean!