Finding affordable car insurance for a Nissan Altima in North Carolina relies on a lot of things such as how old the Altima is, whether or not you garage your vehicle, and the deductible amount you use. North Carolina drivers pay around $827 each year to insure their Altima, but that is an estimation calculated using a 30-year-old single male driver with full coverage and $500 deductibles.
If we were betting, you are not 30 and maybe not even a male, you might be married instead of single, or maybe you need higher liability limits than the state minimum. The different assumptions illustrate why the only real way to find the cheapest coverage for your Nissan is to do the rate comparisons yourself.
The trim level of your vehicle impacts the annual cost of coverage, so the price you pay to insure a Altima 2.5 4-Dr Sedan will be $172 cheaper than the cost to insure the more costly Altima 3.5 SR 2-Dr Coupe version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$178||$262||$326||$20||$98||$884||$74|
|Altima 2.5 S 4-Dr Sedan||$178||$308||$326||$20||$98||$930||$78|
|Altima Hybrid 4-Dr Sedan||$202||$308||$326||$20||$98||$954||$80|
|Altima 2.5 S 2-Dr Coupe||$202||$308||$368||$22||$110||$1,010||$84|
|Altima 3.5 SR 4-Dr Sedan||$202||$308||$326||$20||$98||$954||$80|
|Altima 3.5 SR 2-Dr Coupe||$202||$354||$368||$22||$110||$1,056||$88|
|Get Your Own Custom Quote Go|
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium costs do not factor in specific zip code location which can increase or decrease insurance rates greatly.
Car insurance companies ranked
Ending up with a highly-rated insurance company is hard considering how many choices there are in Greensboro. The ranking data shown below may help you select which insurers you want to consider when shopping your coverage around.
The rankings below are only made up of large nationwide companies, so smaller companies that only insure vehicles in North Carolina are not factored into this list. To compare prices from these and other companies in North Carolina, simply click here.
Top 10 Major Auto Insurers in Greensboro Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
- Titan Insurance
Top 10 Major Auto Insurers in Greensboro Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Careless driving habits raise car insurance rates
The ideal way to enjoy the most affordable car insurance prices in Greensboro for an Altima is to be an attentive driver and avoid getting tickets or having accidents. The chart below illustrates how violations and at-fault accidents impact car insurance costs for different insured age categories. The premium estimates are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of auto insurance per year with no accidents or violations is $1,162. Factor in one speeding ticket and the average cost rises to $1,352, an increase of $190 each year. Then include two accidents along with the one speeding ticket and the yearly cost of car insurance for a Nissan Altima goes up to an average of $3,017. That’s an increase of $1,855, or $155 per month, just for being a careless driver!
Full coverage or liability only
Buying cheaper car insurance is the goal of the majority of vehicle owners, and one common way to buy cheaper insurance for a Nissan Altima is to only buy liability coverage. The chart below illustrates the comparison of yearly insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no discounts are factored in.
If all age groups are averaged, comprehensive and collision coverage on your policy costs $2,080 per year over and above liability only. Many drivers will wonder if it’s worth it to buy full coverage. There is no specific rule for phasing out physical damage coverage, but there is a general guideline. If the annual cost of 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 assume your vehicle’s settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after you pay the deductible. If you are paying in excess of $800 annually for physical damage coverage, then you may want to consider only buying liability coverage.
Why you should be shopping around
Greensboro, NC car insurance rates are influenced by many factors that control the price you have to pay. Simply improving your credit, having a teen driver, or getting a speeding ticket may cause policy rate changes that can cause some rates to be cheaper than competitors.
Not only may your situation change, but car insurance companies modify pricing every year in order to maintain liquidity for claims. An unexpected high level of claims may cause high rates, while profitable underwriting can produce lower-cost Altima insurance rates.
The graph below analyzes the cheapest car insurance in Greensboro, NC for a 45-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. Based on her current risk factors, Progressive has the most affordable car insurance rates in Greensboro at $736 annually. This is $136 less than the average price paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and Penn National are the remainder of the best Greensboro, NC auto insurance companies.
Let’s now give the driver in the first chart some claims, a lower credit score, and a traffic citation. Due to the fact that each insurance company has a unique approach for filing rates in each state, comparing prices may result in a completely different list of the cheapest companies as shown below.
GEICO now has the cheapest rate in Greensboro with State Farm, Auto-Owners, Utica National, and National General now being in the top five. This shows why it is important to compare as many rates as possible to get the best insurance quotes for a Nissan Altima. Rates are made up of many risk factors and change dramatically, so the best option a year ago may now be costing you a lot of money.
Tips for buying cheaper insurance for a Nissan Altima
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help North Carolina drivers locate cheap coverage.
- Maintaining good credit helps earn cheaper rates
- Do not pay for comprehensive and collision coverage on older vehicles
- Raise physical damage deductibles
- Do not get traffic citations
- Prevent rate increases by staying accident-free
- Buy vehicles with good safety ratings
- Shop around for cheaper rates regularly
That last tip is especially significant, as we pointed out in the prior information. Car insurance rates adjust often, so don’t be afraid to switch to a new company if a better rate can be found.
Sticking with a specific company is fine, but we do not recommend it if that inflexibility results in costing you money that could be used for better things. Take a few minutes and compare rates and find cheaper car insurance for a Nissan Altima in Greensboro.