Finding the best cheap insurance for a Nissan Altima is fairly easy, but it hinges on a whole bunch of factors such as age of the driver, your occupation, and your policy deductibles. Illinois drivers pay approximately $568 per year for Altima insurance, but that figure is using a 50-year-old married female driver with full physical damage coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you aren’t exactly 50 years old or even a female, possibly single instead of married, and maybe you want different deductibles. Not everyone needs the same coverages, so the way we recommend to find cheap car insurance rates for your Nissan is to do a thorough rate comparison.
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The trim level of your vehicle will be a contributing factor to the coverage cost, so the rate you will pay to insure a Altima 2.5 4-Dr Sedan will be $118 less than the price to insure the high end Altima 3.5 SR 2-Dr Coupe model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $96 | $178 | $246 | $14 | $74 | $608 | $51 |
| Altima 2.5 S 4-Dr Sedan | $96 | $210 | $246 | $14 | $74 | $640 | $53 |
| Altima Hybrid 4-Dr Sedan | $108 | $210 | $246 | $14 | $74 | $652 | $54 |
| Altima 2.5 S 2-Dr Coupe | $108 | $210 | $278 | $16 | $84 | $696 | $58 |
| Altima 3.5 SR 4-Dr Sedan | $108 | $210 | $246 | $14 | $74 | $652 | $54 |
| Altima 3.5 SR 2-Dr Coupe | $108 | $240 | $278 | $16 | $84 | $726 | $61 |
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Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can impact rates substantially.
Ending up with a high-quality insurance provider is hard considering how many different companies insure vehicles in Illinois. The ranking data displayed below could help you analyze which car insurance companies to look at when trying find the best insurance for a Nissan Altima.
The ratings below are only comprised of companies that write coverage in many states, so smaller regional companies will not be included in these rankings. To check prices from these and other top-rated companies, simply click here.
Top 10 Major Auto Insurance Companies in Chicago Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Top 10 Major Auto Insurance Companies in Chicago Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Price comparison of only insuring for liability
Finding the cheapest car insurance is the goal of most people, and one of the easiest ways to pay lower rates for insurance for a Nissan Altima is to not buy comprehensive and collision coverage. The chart below shows the difference between insurance costs when comparing full coverage to liability only. The prices are based on no claims or driving citations, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
If we average the cost for all age groups, physical damage coverage on your policy costs an extra $2,180 per year over and above liability coverage. That may make you wonder when is it safe to stop buying full coverage. There is no written rule that works best for making the decision to drop full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s pretend your vehicle’s book value is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $9,000 after you pay the deductible. If it’s costing in excess of $900 annually to have full coverage, then you might want to consider buying only liability coverage.
There are a few situations where buying only liability insurance is not advised. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Get discount Chicago car insurance rates
Insurance companies that provide coverage for a Nissan Altima could also offer price discounts that may potentially lower prices by 40% or more if you qualify for them. A list of companies and their offered discounts are shown below.
- State Farm may include discounts for good driver, multiple policy, multiple autos, student away at school, and Steer Clear safe driver discount.
- Farmers Insurance discounts include pay in full, teen driver, early shopping, alternative fuel, good student, bundle discounts, and electronic funds transfer.
- GEICO offers discounts including multi-policy, air bags, multi-vehicle, membership and employees, driver training, military active duty, and good student.
- American Family has savings for good student, accident-free, TimeAway discount, bundled insurance, multi-vehicle, and air bags.
- Nationwide offers premium reductions for good student, business or organization, Farm Bureau membership, multi-policy, defensive driving, and anti-theft.
- Progressive offers discounts for good student, multi-policy, online signing, continuous coverage, homeowner, online quote discount, and multi-vehicle.
The diagram below compares car insurance rates with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or driving citations, Illinois state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, homeowner, claim-free, multiple vehicle, multiple policy, and anti-theft discounts applied. In this example, theaverage amount saved on car insurance for a Nissan Altima is 28% or $605.
Tips for finding budget-friendly auto insurance for a Nissan Altima
Here are some penny-pinching ideas that can help Illinois drivers buy lower-cost car insurance.
- Improve your credit
- Bundle home and auto and earn a discount
- Pay for smaller claims out-of-pocket
- Older vehicles may not need full coverage
- Buy a car with high safety ratings
- Raise deductibles to save money
- Ensure you have the best deal by shopping around regularly
The last tip is notably important, as we hit on in the prior article. Auto insurance rates adjust frequently, so don’t be unwilling to buy from a different company if a lower-cost policy is available. Brand loyalty is not necessarily bad, but it’s not a great idea if that stubbornness costs you thousands of dollars over the life of your policy. Spend a few minutes and shop around to find cheaper insurance for a Nissan Altima in Chicago.