Cheap 2002 Nissan Altima Car Insurance Cost

Searching for lower insurance rates for your Nissan Altima? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me, many consumers feel financially strained by their insurance policy.

With consumers having so many choices of insurance companies, it is very difficult to choose the lowest cost provider.

Finding affordable coverage is not that difficult. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Although car owners need to learn how big insurance companies price insurance differently and use this information to your advantage.

Compare the Market for Insurance

Most major insurance companies provide insurance quotes on the web. This process is quite easy as you just enter your required coverages as requested by the quote form. Behind the scenes, the company’s rating system requests your driving record and credit report and returns a price based on these and other factors. This simplifies rate comparisons, but the time required to go to different websites and fill out multiple forms can get tiresome after awhile. But it’s very important to do this in order to find the lowest insurance rates.

A less time-consuming method to get multiple rate quotes uses one form to return rates from many companies. It’s a real time-saver, requires less work, and makes comparison shopping a little more enjoyable. Immediately after you send the form, it is quoted and you are able to buy any of the quote results. If the quotes result in lower rates, it’s easy to complete the application and purchase coverage. The whole process can be completed in a matter of minutes and could lower your rates considerably.

To find out how much you’re overpaying now, click here and submit your coverage information. If you have coverage now, it’s recommended you type in coverages and limits as shown on your current policy. This helps ensure you’re receiving rate quotes for exact coverage.

Save $385 a year? Really?

Insurance coverage companies such as State Farm and Allstate constantly bombard you with ads on TV and radio. They all seem to make an identical promise that you’ll save big if you switch to them. How does each company make the same claim?

Insurance companies have a preferred profile for the type of customer that earns them a profit. For example, a preferred risk might be over the age of 50, is a homeowner, and chooses high deductibles. A customer getting a price quote who matches those parameters will get very good rates and therefore will save quite a bit of money when switching.

Potential insureds who do not match these standards will have to pay a more expensive rate and ends up with the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save money. That’s why companies can make those claims. Because of the profiling, drivers must quote coverage with many companies. Because you never know which company will give you the biggest savings on Nissan Altima insurance.

Nissan Altima rates are in the details

It’s important that you understand the different types of things that help determine the rates you pay for insurance. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with lower insurance prices.

The following are some of the items companies use to determine rates.

  • Do you need the policy add-ons? – There are a lot of additional coverages that you can get tricked into buying when buying insurance. Insurance for vanishing deductibles, accidental death and motor club memberships are examples of these. These coverages may sound good when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
  • Do men or women drive better? – Statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Both sexes have accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like DUI and reckless driving.
  • Your location is important – Living in less populated areas is a positive aspect when talking about insurance. Drivers in populated areas regularly have more traffic problems and a longer drive to work. Fewer people means reduced accidents and also fewer theft and vandalism claims.
  • High credit ratings translate to low rates – Credit rating is a important factor in determining your rates. Consumers who have high credit scores tend to be less risk to insure than drivers with lower credit ratings. If your credit score can use some improvement, you could be paying less to insure your 2002 Nissan Altima by repairing your credit.
  • Being married is a good thing – Being married helps lower the price on insurance. Marriage translates into being more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Multi-policy discounts can save money – Some companies will give a discount to policyholders who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to compare other company rates to make sure you are getting the best deal. Drivers may still find a better deal by insuring with multiple companies.
  • Do you know your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Nissan from damage. Examples of covered claims would be colliding with a building, collision with an animal, and rolling your vehicle. Deductibles for physical damage are the amount of money you are required to spend before your insurance pays a claim. The more expense you’re willing to pay, the lower your rates will be for Altima coverage.
  • Liability coverage protects you – Liability insurance will protect you if a court rules you are at fault for damages from an accident. Liability provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should carry high limits.

Save on 2002 Nissan Altima insurance

Companies don’t always list every available discount in a way that’s easy to find, so we break down some of the more common and also the lesser-known ways to save on insurance coverage.

  • Student in College – Any of your kids who live away from home without a vehicle on campus may be able to be covered for less.
  • Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Multi-policy Discount – If you have multiple policies with one company you may save at least 10% off all policies.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • E-sign – A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.

A little note about advertised discounts, most credits do not apply the the whole policy. Most only apply to specific coverage prices like comp or med pay. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

A partial list of companies that may offer these discounts include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Savings may not be available in your area.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there really is no perfect coverage plan. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • Am I covered if I crash into my own garage door?
  • Do I need motorclub coverage?
  • Is my teenager covered with friends in the car?
  • Is pleasure use cheaper than using my 2002 Nissan Altima to commute?
  • Do I benefit by insuring my home with the same company?
  • What is an SR-22 filing?
  • Should I buy additional glass protection?
  • Is my teen driver covered when they drive my company car?
  • Do I really need UM/UIM coverage?
  • Am I covered if I drive in a foreign country?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Auto insurance coverages

Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like surgery, chiropractic care and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like falling objects, a tree branch falling on your vehicle, hitting a deer, rock chips in glass and hail damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Nissan Altima.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability

Liability coverage will cover damage that occurs to other people or property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like funeral expenses, loss of income, legal defense fees, structural damage and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Collision protection

Collision coverage will pay to fix damage to your Altima resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a ditch, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Make an honest buck

While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. In many instances, an accident victim reduced full coverage and found out when filing a claim that it was a big error on their part. The proper strategy is to find the BEST coverage at an affordable rate.

Low-cost 2002 Nissan Altima insurance is definitely available online and with local insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

We just covered many tips how you can get a better price on insurance. The most important thing to understand is the more rate quotes you have, the higher your chance of finding lower rates. Consumers may even find the most savings is with the least-expected company. They often have lower prices on specific markets compared to the large companies like Allstate and Progressive.

Additional detailed information can be found in these articles: