Best Rate Quotes for Nissan Altima Insurance in El Paso

Discount Nissan Altima insuranceAre you tired of overpaying and want lower-priced Nissan Altima insurance in El Paso? Having to pay for expensive auto insurance in El Paso can empty your accounts and make it impossible to make ends meet. Price shopping at each renewal is an excellent way to make sure you’re not throwing money away.

A recent auto insurance study discovered that a large majority of drivers in Texas have purchased from the same company for four years or more, and approximately 40% of consumers have never shopped around. American drivers can save $860 each year just by shopping around, but they don’t know the large savings they would see if they switched.

How to find lower priced Nissan Altima insurance in El Paso

The best way to get budget Nissan Altima insurance in El Paso is to compare prices regularly from insurers who provide auto insurance in Texas. Drivers can shop around by following these guidelines.

  1. Get a basic knowledge of how insurance companies determine prices and the steps you can take to prevent expensive coverage. Many things that are responsible for high rates such as speeding tickets, accidents and a low credit score can be controlled by making lifestyle changes or driving safer. Continue reading for more information to lower rates and find missing discounts.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while agents who are independent can give you price quotes from multiple sources.
  3. Compare the new rate quotes to your existing rates to see if a cheaper rate is available. If you can save money, ensure coverage does not lapse between policies.

One important bit of advice is to use identical coverage information on every quote and and to get quotes from as many different companies as possible. Doing this enables a fair rate comparison and a complete selection of prices.

You have so many auto insurance companies to pick from, and even though it’s nice to have a selection, it can be more challenging to adequately compare rates for Nissan Altima insurance in El Paso.

It is always a good idea to do price comparisons once or twice a year since prices change quite often. Despite the fact that you may have had the lowest price on Nissan Altima insurance in El Paso six months ago a different company probably has better rates today. You can find a lot of information about Altima insurance online but in a few minutes you can learn the best ways to put money back in your pocket.

Many insurance companies such as State Farm and Allstate give prices online. The process doesn’t take much effort as you just enter your coverage information as requested by the quote form. Once you submit the form, their quoting system sends out for your driving and credit reports and returns a price quote based on the information you submitted. Getting online rates for Nissan Altima insurance in El Paso helps simplify price comparisons, and it’s absolutely necessary to get many rate quotes in order to find the lowest payment.

To quickly get comparison pricing now, compare rates from the companies below. If you have your current policy handy, we recommend you duplicate the coverages identical to your current policy. Doing this assures you will be getting an apples-to-apples comparison based on identical coverages.

The following companies have been selected to offer quotes in Texas. If multiple providers are shown, it’s a good idea that you get price quotes from several of them in order to get a fair rate comparison.

Analysis of coverages

The table displayed next outlines different insurance coverage prices for Nissan Altima models. Having a better idea how auto insurance premiums are established can benefit drivers when making informed purchases.

Nissan Altima Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $230 $452 $496 $30 $148 $1,356 $113
Altima 2.5 S 4-Dr Sedan $230 $532 $496 $30 $148 $1,436 $120
Altima Hybrid 4-Dr Sedan $260 $532 $496 $30 $148 $1,466 $122
Altima 2.5 S 2-Dr Coupe $260 $532 $560 $34 $168 $1,554 $130
Altima 3.5 SR 4-Dr Sedan $260 $532 $496 $30 $148 $1,466 $122
Altima 3.5 SR 2-Dr Coupe $260 $614 $560 $34 $168 $1,636 $136
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in specific garaging location which can alter insurance rates considerably.

Where to set your deductibles

A question often asked by El Paso drivers is how high should your deductibles be. The data tables below sum up the differences in price when you choose different policy deductibles. The first set of rates uses a $100 physical damage deductible and the second set of prices uses a $1,000 deductible.

Nissan Altima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $328 $592 $382 $22 $114 $1,463 $122
Altima 2.5 S 4-Dr Sedan $328 $698 $382 $22 $114 $1,569 $131
Altima Hybrid 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
Altima 2.5 S 2-Dr Coupe $370 $698 $430 $26 $128 $1,677 $140
Altima 3.5 SR 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
Altima 3.5 SR 2-Dr Coupe $370 $804 $430 $26 $128 $1,783 $149
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Nissan Altima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $182 $312 $382 $22 $114 $1,012 $84
Altima 2.5 S 4-Dr Sedan $182 $368 $382 $22 $114 $1,068 $89
Altima Hybrid 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
Altima 2.5 S 2-Dr Coupe $206 $368 $430 $26 $128 $1,158 $97
Altima 3.5 SR 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
Altima 3.5 SR 2-Dr Coupe $206 $424 $430 $26 $128 $1,214 $101
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Estimates do not factor in specific location information which can lower or raise auto insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $43 more each month or $516 annually across all Nissan Altima models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 21 months between claims, you would save more money going with the higher deductible.

Careless drivers pay higher rates

The chart below highlights how speeding tickets and at-fault accidents drive up Nissan Altima annual premium costs for different age categories. The price estimates are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.

Cost difference between full coverage and liability

The example below shows the comparison of Nissan Altima insurance premiums with liability coverage only compared to full coverage. The premiums assume no claims or violations, $250 deductibles, marital status is single, and no other discounts are factored in.

When to switch to liability coverage only

There is no definitive formula for eliminating comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s say your Nissan Altima replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,000 after paying your policy deductible. If premium cost is more than $300 annually to have full coverage, then it could be time to drop full coverage.

There are some scenarios where only buying liability is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage.

Car insurance is an important decision

Even though it can be expensive, insuring your vehicle is a good idea for several reasons.

The benefits of carrying enough insurance more than offset the price you pay, especially for larger claims. As of last year, the average driver in Texas is overpaying over $850 per year so it’s important to compare rates at least once a year to save money.

The Nissan Altima Insurance Rate Equation

An important part of buying insurance is that you know some of the factors that go into determining the rates you pay for auto insurance. If you understand what influences your rates, this empowers consumers to make smart changes that could result in lower auto insurance prices.

The following are most of the major factors that factor into your prices.

Liability limits are a factor – A critical coverage on your policy, liability insurance will provide protection if you are found liable for causing damage or personal injury in an accident. It provides you with a defense in court to defend your case. This coverage is relatively inexpensive as compared to coverage for physical damage, so buy as much as you can afford.

Discounts for GPS tracking and theft deterrents – Purchasing a vehicle that has an advanced theft prevention system can get you a discount on your auto insurance. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your car from being stolen.

Lower rates come with age – Teen drivers in Texas tend to be less responsible when driving so they pay higher auto insurance rates. If you’ve ever had to add a youthful driver onto a policy can be very expensive. More experienced drivers are proven to be safer behind the wheel, tend to file fewer claims, and tend to be get fewer driving tickets.

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

Auto insurance policy lapses increase prices – Going without insurance can be a fast way to trigger a rate increase. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you a revoked license or a big fine.

Gender and insurance coverage rates – Statistics have proven females are less aggressive when driving. The data does not necessarily mean that women are BETTER drivers than men. Women and men cause fender benders at about the same rate, but men get into accidents with more damage. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.

The illustration below illustrates the comparison of Nissan Altima insurance rates for male and female drivers. The premiums are based on no accidents or driving violations, comp and collision included, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Prices and job – Occupations like fire fighters, police officers, and emergency personnel have the highest rates in part from stressful work requirements and incredibly demanding work hours. Conversely, careers such as actors, students and retirees have lower than average premiums.

Nissan Altima historical loss data – Insurance companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium price. Vehicles that the data determines to have a higher amount or frequency of claims will have higher rates. The table below illustrates the loss history for Nissan Altima vehicles.

For each policy coverage, the statistical loss for all vehicles, as an average, is considered to be 100. Numbers that are below 100 suggest a positive loss record, while values that are above 100 indicate more frequent claims or a tendency for claims to be larger.

Nissan Altima Insurance Claim Statistics
Specific Nissan Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Nissan Altima 110 97 119 144 147 114

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

The best insurance company isn’t always the cheapest

We’ve covered a lot of tips how to find cheap Nissan Altima insurance in El Paso. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest premium rates are with a smaller regional carrier. Smaller companies may often insure only within specific states and give better rates than their larger competitors like Allstate, GEICO and Progressive.

As you shop your coverage around, do not reduce needed coverages to save money. In too many instances, drivers have reduced collision coverage only to find out that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at the lowest possible cost.

Steps to finding discount Nissan Altima insurance in El Paso

If saving money is your primary concern, then the best way to get affordable Nissan Altima insurance in El Paso is to start comparing rates regularly from providers in Texas.

One thing to point out is to try to compare the same level of coverage on each quote and and to get rates from as many different insurance providers as possible. Doing this provides a fair price comparison and a complete price analysis.

More detailed car insurance information is located at these sites: