Unthinkable but true, nearly 70% of drivers kept their policy with the same company for over three years, and nearly the majority have never shopped around. With the average premium in Alaska being $1,158, drivers could save approximately $368 a year just by getting comparison quotes, but they don’t understand how simple it is to go online and compare rates.
If you want to find the absolute lowest rates, then the best way to get the cheapest Nissan cube insurance is to make a habit of comparing prices annually from insurers who provide car insurance in Anchorage. This can be done by completing these steps.
Step 1: Gain an understanding of policy coverages and the changes you can make to prevent expensive coverage. Many things that result in higher rates such as accidents, careless driving, and an imperfect credit score can be eliminated by making minor driving habit or lifestyle changes. Keep reading for more information to prevent expensive rate increases and find overlooked discounts.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can quote prices from multiple insurance companies. Select a company
Step 3: Compare the new rates to the premium of your current policy and see if there is a cheaper rate. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
Step 4: Provide notification to your current agent or company of your intention to cancel your current coverage. Submit a down payment along with a signed application for the new coverage. Once coverage is bound, put the certificate verifying coverage along with the vehicle’s registration papers.
A key point to remember is to use the same deductibles and limits on every price quote and and to get rate quotes from every insurance company. Doing this helps ensure the most accurate price comparison and many rates to choose from.
If you have coverage now, you will surely be able to find the best rates using the concepts covered in this article. Shopping around for the best coverage in Anchorage is actually quite simple. But Alaska drivers do need to understand how companies calculate your insurance rates.
The are a couple different ways to compare rate quotes from different Anchorage insurance companies. The best way to find cheaper Nissan cube rates is to perform an online rate comparison. When price shopping your coverage, comparing all the rates in your area will enable you to find more affordable rates.
The companies in the list below can provide price quotes in Alaska. If multiple companies are listed, it’s highly recommended you get rates from several of them to get the cheapest price.
Auto insurance data for a Nissan cube
The premium table shown next covers estimates of prices for Nissan cube models. Having knowledge of how rates are determined can benefit drivers when making smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cube 2WD | $144 | $230 | $278 | $16 | $84 | $752 | $63 |
| Cube S 2WD | $166 | $230 | $278 | $16 | $84 | $774 | $65 |
| Cube SL 2WD | $166 | $280 | $278 | $16 | $84 | $824 | $69 |
| Cube Krom 2WD | $188 | $330 | $278 | $16 | $84 | $896 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate quotes do not factor in zip code location which can affect insurance rates considerably.
Safe drivers pay cheaper rates
The chart below shows how violations and accident claims can affect Nissan cube auto insurance costs for each different age category. The premiums assume a single female driver, full coverage, $100 deductibles, and no policy discounts are applied.
Rate comparison of males versus females
The chart below shows the comparison of Nissan cube auto insurance costs for male and female drivers. The premiums assume no claims or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.
Full coverage or liability only
The chart below compares Nissan cube annual premium costs with full physical damage coverage and with liability coverage only. The premiums assume no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.
When to stop buying full coverage
There isn’t a written rule to drop full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your Nissan cube settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying the physical damage deductible. If it’s costing in excess of $800 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are a few situations where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Do you qualify for discounts on Nissan cube insurance in Anchorage?
Some providers don’t list all discounts in an easy-to-find place, so the below list has both the well known and the harder-to-find discounts that you can inquire about if you buy Anchorage auto insurance online.
- Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% depending on your auto insurance provider.
- Use Seat Belts – Using a seat belt and requiring all passengers to buckle up before driving may be able to save a few bucks off the medical payments premium.
- More Vehicles More Savings – Insuring multiple vehicles on a single policy can reduce rates for all insured vehicles.
- Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you a small discount if you purchase some life insurance too.
- Defensive Driver – Taking part in a driver safety course is a good idea and can lower rates and make you a better driver.
- ABS and Traction Control Discounts – Cars that have anti-lock braking systems prevent accidents and will save you 10% or more on cube insurance in Anchorage.
- Theft Deterrent – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and can earn a small discount on your policy.
- Renewal Discounts – A few auto insurance companies give discounts for renewing your policy prior to your current cube insurance policy expiration. The savings is around 10%.
- Distant Student – Older children who are enrolled in higher education away from home and do not have a car may be able to be covered for less.
- Good Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates than their less cautious counterparts.
Keep in mind that some credits don’t apply to the entire cost. Some only apply to individual premiums such as comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.
The chart below compares Nissan cube insurance costs with and without discounts applied. The rates are based on a male driver, no driving violations, no at-fault accidents, Alaska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, marriage, and homeowner discounts applied.
If you would like to view auto insurance companies who offer auto insurance discounts in Anchorage, click this link.
Three reasons to not skimp on auto insurance
Despite the high cost, insurance is required by state law in Alaska and it also provides benefits you may not be aware of.
- Most states have minimum liability requirements which means you are required to buy specific minimum amounts of liability insurance if you don’t want to risk a ticket. 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.
- If you have a lien on your Nissan cube, it’s guaranteed your bank will require you to buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank may insure your Nissan at a significantly higher premium and force you to pay much more than you were paying before.
- Auto insurance preserves not only your vehicle but also your assets. Insurance will pay for medical bills for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of carrying enough insurance outweigh the cost, especially when you need to use it. The average driver in Alaska is wasting up to $820 a year so it’s recommended you shop around at least once a year to save money.
Exclusive versus independent insurance agencies
Many people just want to sit down with an agent and that is OK! The biggest benefit of getting free rate quotes online is the fact that drivers can get better rates and still have a local agent. Buying insurance from neighborhood insurance agencies is important particularly in Anchorage.
Upon completion of this form (opens in new window), your insurance coverage information is submitted to local insurance agents that can provide free Anchorage auto insurance quotes for your coverage. It’s much easier because you don’t need to even leave your home since rate quotes are delivered to you directly. You’ll get the best rates and a licensed agent to work with. If you wish to compare rates from a particular provider, you would need to visit that company’s website to submit a rate quote request.
Compare rates from both independent and exclusive auto insurance agents
If you are wanting to find a reputable agency, it helps to know the two different types of agencies to choose from. Anchorage agents are classified as either independent agents or exclusive agents.
Independent Agents (or Brokers)
Independent agencies can sell policies from many different companies and that enables them to quote your coverage through many different insurance companies and get you the best rates possible. If they find a lower price, your agent can switch companies which requires no work on your part.
If you need lower rates, we recommend you get rate quotes from at a minimum one independent agency to ensure the widest selection of prices. Most also write with additional companies that you may not be familiar with that many times have cheaper rates.
Featured below is a small list of independent insurance agents in Anchorage that may be able to give you free insurance rate quotes.
- The Wilson Agency
3000 A St #400 – Anchorage, AK 99503 – (907) 277-1616 – View Map - Alaska Service Agency
6901 Debarr Road #201 – Anchorage, AK 99504 – (907) 337-2311 – View Map - Denali Alaskan Insurance LLC
440 E 36th Ave #300 – Anchorage, AK 99503 – (907) 257-1625 – View Map
Exclusive Insurance Agencies
Agents in the exclusive channel can only provide one company’s prices and some examples include Allstate, Farmers Insurance or State Farm. They generally cannot provide rate quotes from other companies so you might not find the best rates. These agents are usually well trained in insurance sales which aids in selling service over price. Consumers frequently choose to use an exclusive agent mainly due to loyalty to the company rather than having low rates.
Shown below is a short list of exclusive insurance agencies in Anchorage that are able to give price quotes.
- Bill Evans – State Farm Insurance Agent
805 Gambell St – Anchorage, AK 99501 – (907) 276-2424 – View Map - Amanda Juliussen – State Farm Insurance Agent
5600 Debarr Road Ste 140 – Anchorage, AK 99504 – (907) 333-4131 – View Map - Tim Graham – State Farm Insurance Agent
1417 W Northern Lights Blvd A – Anchorage, AK 99503 – (907) 561-4000 – View Map
Finding the right car insurance agent requires more thought than just the price. Get answers to these questions too.
- Did they already check your driving record and credit reports?
- Are they full-time agents?
- Which insurance company do they prefer to write with?
- Will you get a loaner vehicle if you car is being repaired?
- Do they review policy coverages at every renewal?
Coverages available on your policy
Having a good grasp of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement.
Collision coverage – Collision coverage pays for damage to your cube caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like driving through your garage door, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible on your cube to bring the cost down.
Coverage for liability – This provides protection from damage that occurs to people or other property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/25 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for claims such as medical services, court costs and loss of income. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford. Alaska requires drivers to carry at least 50/100/25 but you should consider buying more coverage.
The next chart shows why buying the state minimum limits may not be adequate coverage.
Protection from uninsured/underinsured drivers – This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Nissan cube.
Since many Alaska drivers only carry the minimum required liability limits (Alaska limits are 50/100/25), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Medical expense insurance – Coverage for medical payments and/or PIP kick in for bills such as nursing services, X-ray expenses, prosthetic devices and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as falling objects, hitting a deer and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.