Having to pay for overpriced Nissan Altima insurance in Anchorage can bleed your savings and make it hard to pay other bills. Price shopping at each renewal is free, only takes a few minutes, and is a good way to ensure you are getting the best deal.
It’s hard to fathom, but over 70% of consumers have purchased from the same company for a minimum of four years, and 38% of drivers have never quoted auto insurance rates at all. Most drivers in Alaska can cut their rates by up to $370 a year just by comparing rates, but they just don’t understand the amount of savings they would get if they switched to a cheaper policy.
How to buy low-cost Nissan Altima insurance in Anchorage
It takes a little time, but the best way to get more affordable Nissan Altima insurance in Anchorage is to make a habit of comparing prices annually from different companies who sell insurance in Alaska. Drivers can shop around by following these guidelines.
Step 1: Gain an understanding of the different coverages in a policy and the things you can change to prevent expensive coverage. Many rating criteria that cause rate increases such as multiple speeding tickets and a not-so-good credit score can be improved by improving your driving habits or financial responsibility. This article provides information to keep prices down and find overlooked discounts.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
Step 3: Compare the new quotes to your current policy premium to see if cheaper Altima coverage is available in Anchorage. If you find a lower rate quote, make sure there is no coverage gap between policies.
Step 4: Provide proper notification to your current company to cancel the current policy and submit any necessary down payment along with the completed application for the new coverage. As soon as you receive it, place the new certificate verifying proof of insurance in an easily accessible location in your vehicle.
The key thing to remember is that you’ll want to make sure you compare the same coverage limits and deductibles on each quote request and and to get price estimates from every company you can. This enables the most accurate price comparison and a good representation of prices.
There is such a variety of auto insurance companies to insure vehicles with, and though it is a good thing to have a selection, more choices can make it harder to compare company pricing for Nissan Altima insurance in Anchorage.
You need to shop coverage around on a regular basis because insurance prices fluctuate regularly. Even if you got the best price on Nissan Altima insurance in Anchorage on your last policy there is a good chance you can find better rate quotes now. There are a lot of ways to save on Altima insurance online but in this article, you’re going to get a bunch of ideas how to lower your auto insurance premiums.
Buying cheaper protection in Anchorage can be fairly easy. If you are insured now or want to find a cheaper company, follow these tips to cut your premiums and still have adequate protection. Smart buyers just have to use the proper methods to shop online from multiple companies.
The quickest method we recommend to compare rate quotes for Nissan Altima insurance in Anchorage is to know the fact most larger insurance companies provide online access to compare rate quotes. To begin a comparison, all you need to do is provide information such as marital status, the ages of drivers, if the vehicle is leased, and if it has an anti-theft system. Your details is sent automatically to all major companies and you receive quotes almost instantly.
If you wish to get multiple quotes for your Nissan Altima now, click here and see if a lower rate is available in Anchorage.
The companies shown below provide free quotes in Anchorage, AK. To locate cheaper auto insurance in Alaska, we suggest you click on several of them to get a more complete price comparison.
Choosing the best Altima insurance in Alaska is an important decision
Even though Anchorage Altima insurance rates can get expensive, paying for auto insurance is most likely required but also gives you several important benefits.
First, just about all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your Altima, it’s most likely the lender will force you to buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may insure your Nissan at a much higher premium rate and require you to fork over a much higher amount than you were paying before.
Third, insurance protects both your assets and your car. Insurance will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Altima definitely exceed the cost, particularly for liability claims. According to a recent study, the average American driver overpays more than $810 a year so smart consumers compare quotes every year to ensure rates are competitive.
Car insurance statistics and figures
The coverage table displayed below outlines a range of insurance premium costs for Nissan Altima models. Understanding more about how car insurance prices are established is important for you to make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $102 | $190 | $262 | $16 | $78 | $648 | $54 |
| Altima 2.5 S 4-Dr Sedan | $102 | $224 | $262 | $16 | $78 | $682 | $57 |
| Altima Hybrid 4-Dr Sedan | $114 | $224 | $262 | $16 | $78 | $694 | $58 |
| Altima 2.5 S 2-Dr Coupe | $114 | $224 | $296 | $18 | $88 | $740 | $62 |
| Altima 3.5 SR 4-Dr Sedan | $114 | $224 | $262 | $16 | $78 | $694 | $58 |
| Altima 3.5 SR 2-Dr Coupe | $114 | $256 | $296 | $18 | $88 | $772 | $64 |
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium amounts do not factor in specific location which can raise or lower rates greatly.
The example below demonstrates how choosing different deductibles and can raise or lower Nissan Altima annual premium costs for different age groups. The premiums assume a married female driver, full coverage, and no other discounts are factored in.
Liability only or full coverage
The illustration below visualizes the comparison of Nissan Altima car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The prices are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
When to drop comprehensive and collision coverage
There is no exact formula for phasing out full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Nissan Altima book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying in excess of $500 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not a good plan. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
These discounts can lower your insurance quotes
Auto insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we researched both the well known in addition to some of the lesser obvious savings tricks you should be using when you buy Anchorage auto insurance online. If you check and find you aren’t receiving every discount possible, you may be paying too high a price.
- No Charge for an Accident – Not a discount per se, but companies like Liberty Mutual and GEICO will allow you to have one accident without raising rates so long as you are claim-free for a specific time period.
- Onboard Data Collection – Insureds that choose to allow their company to study where and when they drive remotely such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they show good driving skills.
- Payment Method – If you pay your entire premium ahead of time instead of paying each month you can avoid the installment charge.
- More Vehicles More Savings – Having all your vehicles on one policy can reduce the rates for all insured vehicles.
- Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20 to 30 percent.
- Good Students Pay Less – A discount for being a good student can save 20 to 25%. This discount can apply well after school through age 25.
Remember that most of the big mark downs will not be given to the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, you won’t be that lucky.
The diagram below compares Nissan Altima annual premium costs with and without discounts applied to the premium. The data is based on a female driver, no claims or violations, Alaska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, claim-free, multi-car, and marriage discounts applied.
A list of companies and some of their more popular discounts are included below.
- Progressive has discounts for good student, multi-vehicle, homeowner, online signing, online quote discount, and continuous coverage.
- The Hartford discounts include vehicle fuel type, bundle, air bag, driver training, and defensive driver.
- Mercury Insurance may offer discounts for type of vehicle, low natural disaster claims, anti-theft, professional/association, age of vehicle, and good driver.
- GEICO may include discounts for multi-policy, air bags, membership and employees, daytime running lights, anti-theft, and seat belt use.
- AAA has savings for multi-policy, good student, education and occupation, anti-theft, multi-car, and AAA membership discount.
- State Farm includes discounts for Steer Clear safe driver discount, anti-theft, good student, multiple autos, and Drive Safe & Save.
It’s a good idea to ask every company which discounts can lower your rates. Discounts may not be offered in your state. To choose insurance companies that offer some of these discounts in Anchorage, follow this link.