Finding competitive car insurance for a Nissan Altima in New Jersey is dependent upon a complex formula that considers things such as how many miles you drive each year, whether or not you have prior claims, and blemishes on your driving record. Drivers in New Jersey will pay around $1,043 annually for Altima insurance, but that price is an estimation using a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.
Odds are that you are not 50 and maybe not even a female, possibly single instead of married, and you want different coverage limits than the example. Auto insurance requires individual risk assessment, so the only real way to find cheap auto insurance rates for your Nissan is to do a thorough rate comparison. Quotes only take a couple of minutes and you will be able to compare rates from some of the best insurers that insure Nissan vehicles in New Jersey.
The trim level of your vehicle can impact the yearly cost, so the cost to insure a Altima 2.5 4-Dr Sedan trim level will be $220 cheaper than the price to insure the more expensive Altima 3.5 SR 2-Dr Coupe version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$176||$326||$452||$26||$136||$1,116||$93|
|Altima 2.5 S 4-Dr Sedan||$176||$384||$452||$26||$136||$1,174||$98|
|Altima Hybrid 4-Dr Sedan||$200||$384||$452||$26||$136||$1,198||$100|
|Altima 2.5 S 2-Dr Coupe||$200||$384||$510||$30||$152||$1,276||$106|
|Altima 3.5 SR 4-Dr Sedan||$200||$384||$452||$26||$136||$1,198||$100|
|Altima 3.5 SR 2-Dr Coupe||$200||$444||$510||$30||$152||$1,336||$111|
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in vehicle location which can raise or lower rates noticeably.
Figuring out which companies quote the best auto insurance rates for a Nissan Altima will require a bit more effort in order to find the best price. Every car insurance company has a unique approach to set premium rates, so let's examine the auto insurance companies with the most affordable rates in Newark, NJ.
It's important to know that Newark auto insurance rates are impacted by many factors that will increase or decrease the price of your policy. Turning one year older, buying another vehicle, or having an accident may prompt premium changes that can now make some companies cheaper than competitors.
Find the Cheapest Auto Insurance for Your Altima
21st Century offers some of the lowest car insurance rates in Newark at around $1,067 per year. Travelers, New Jersey Manufacturers, Palisades, and Penn National also qualify as some of the best Newark, NJ car insurance companies.
As shown in the rates above, if you are insured with Palisades and switched to 21st Century, you may realize a yearly savings of about $287. Insureds with Penn National might save as much as $299 a year, and California Casualty insureds might realize rate reductions of up to $414 a year.
Be aware that those rates are averages across all ages of drivers and types of vehicles and do not take into consideration an exact zip code location for a Nissan Altima. So the company that has the cheapest rates for you may not even be in the top 19 companies shown above. That helps illustrate why you need to get quotes using your own personal information and vehicle type.
Types of discounts on Newark car insurance rates
Insurance providers that sell policies for a Nissan Altima may also offer special discounts that could potentially reduce rates by as much as 30% if you meet certain criteria. Companies and some of their more popular discounts are:
- State Farm may include discounts for good driver, accident-free, student away at school, good student, multiple autos, Steer Clear safe driver discount, and multiple policy.
- American Family discounts include mySafetyValet, early bird, multi-vehicle, bundled insurance, air bags, and accident-free.
- GEICO has discounts for defensive driver, seat belt use, driver training, anti-theft, federal employee, and military active duty.
- 21st Century offers premium reductions for driver training, air bags, good student, theft prevention, and early bird.
- Progressive offers discounts for good student, online signing, homeowner, continuous coverage, and online quote discount.
The example below visualizes the comparison of insurance costs with and without discounts applied. The prices are based on a male driver, no violations or accidents, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, multiple policy, multiple vehicle, anti-theft, accident-free, and marriage discounts applied. When discounts are factored in, theaverage amount saved on auto insurance for a Nissan Altima is 28% or $989.
Full coverage versus liability-only in Newark
Paying less for auto insurance is probably important to the majority of drivers, and an easy way to find cheap insurance for a Nissan Altima is to not insure for full coverage. The illustration below shows the comparison of insurance rates with full coverage and liability only. The premiums are based on no accidents or driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.
As an overall average, physical damage coverage on your policy costs $2,544 per year over liability only. That proposes the question if buying full coverage is worth the money. There is no written rule to exclude physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.
For example, let's assume your vehicle's replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after paying the physical damage deductible. If you are paying over $500 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not opt for liability only.
Compare quotes and save
Newark auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of a policy. Turning one year older, buying a different home, or getting a few speeding tickets can produce rate changes that can make some companies much cheaper than others.
In addition to those changes, insurers file new New Jersey car insurance rates every year in order to protect their financial rating. Heavier than normal losses may cause additional price hikes, while long-term profits may result in cheaper Altima insurance rates.
The chart below shows the companies that have the cheapest car insurance in Newark, NJ for a 45-year-old male driver with no prior accidents, a clean driving record, and good credit. If we estimate prices based on his personal risk profile, 21st Century might quote the best car insurance rates in Newark at $1,640 annually. This is $212 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the remaining cheapest Newark, NJ auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison an accident surcharge, a lower credit score, and a few blemishes on his driving record. Due to the fact that every auto insurer has a different process to set premium rates, analyzing rate quotes most likely will result in a new list of affordable Newark car insurance companies as shown below.
The Hartford now has the cheapest price in Newark with USAA, Allstate, Mercury, and Travelers now being in the top five. This shows why it is so important to compare many different companies to find the cheapest insurance rates for a Nissan Altima.
Auto insurance prices are determined by many risk factors and can decrease or increase without notice, so the most economical option the last time you compared rates may now be an over-priced policy.
How to find more affordable insurance for a Nissan Altima
Below you'll find some money-saving solutions that can help New Jersey drivers quote low-cost auto insurance.
- Save money by staying claim-free
- Higher credit scores may earn you cheaper rates
- Raise comprehensive and collision coverage deductibles
- Avoid preventable accidents
- Save money by insuring your home and auto with the same company
- You will pay more if you get tickets or have at-fault accidents
- Comparison shop at least every other year
The last suggestion is remarkably crucial, as was pointed out in the prior information. Coverage rates can change significantly in a year, so drivers shouldn't be resistant to switch companies if you can find a cheaper rate. Many drivers tend to have loyalty to a certain company, but we do not recommend it if that dedication is costing a small fortune. It only take a few minutes to compare prices and find cheaper auto insurance for a Nissan Altima in Newark.
If you aren't sure which coverage to buy and prefer to have some professional guidance when shopping around for cheaper insurance for an Altima, the agents below can probably help you determine which auto insurance coverages would be the best in your situation.
To find an auto insurance agency nearest to you, click the button at the bottom.
International Fidelity Insurance Co
1111 Raymond Blvd - Newark, NJ 07102 - (973) 624-7200
METROPLUS INSURANCE AGENCY
1423 McCarter Hwy - Newark, NJ 07104 - (973) 732-3794
Morais Insurance Agency, Inc.
217 Ferry St - Newark, NJ 07105 - (973) 344-2000