Affordable Nissan Altima Insurance in Colorado Springs

Insurance rates Nissan Altima in Colorado SpringsThe best way to save money on Nissan Altima insurance is to regularly compare quotes from insurance carriers who sell auto insurance in Colorado Springs.

  1. Try to learn about the different coverages in a policy and the things you can control to lower rates. Many rating factors that increase rates such as accidents, traffic tickets, and an unacceptable credit history can be amended by making minor driving habit or lifestyle changes. This article gives more ideas to get cheaper rates and earn larger discounts.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while independent agents can give you price quotes from multiple companies.
  3. Compare the new rate quotes to your existing rates to see if cheaper Altima coverage is available. If you can save some money and change companies, make sure coverage is continuous and does not lapse.
  4. Give notification to your current company to cancel the current policy and submit the application along with any required down payment for the new coverage. Once the paperwork is finalized, put the new proof of insurance paperwork with your vehicle’s registration.

The most important part of this process is to make sure you enter identical limits and deductibles on every quote request and and to get price quotes from as many carriers as you can. This enables an accurate price comparison and plenty of rates choose from.

Everyone knows that car insurance companies don’t want policyholders to compare prices from other companies. Consumers who shop rates annually are very likely to buy a different policy because they have good chances of finding good coverage at a lower price. Surprisingly, a recent survey revealed that consumers who routinely compared rates saved an average of $865 annually as compared to drivers who never compared rates.

If saving the most money on car insurance in Colorado Springs is the reason for your visit, then having a good understanding how to quote prices and compare insurance premiums can save time and make the process easier.

Rates and data analysis

The coverage table displayed below showcases estimates of insurance coverage prices for Nissan Altima models. Having a better understanding of how insurance prices are established is important for drivers to make smart choices when buying a policy.

Nissan Altima Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $266 $526 $426 $26 $128 $1,372 $114
Altima 2.5 S 4-Dr Sedan $266 $620 $426 $26 $128 $1,466 $122
Altima Hybrid 4-Dr Sedan $300 $620 $426 $26 $128 $1,500 $125
Altima 2.5 S 2-Dr Coupe $300 $620 $480 $28 $144 $1,572 $131
Altima 3.5 SR 4-Dr Sedan $300 $620 $426 $26 $128 $1,500 $125
Altima 3.5 SR 2-Dr Coupe $300 $714 $480 $28 $144 $1,666 $139
Get Your Own Custom Quote Go

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price information does not factor in specific zip code location which can increase or decrease coverage rates noticeably.

The example below shows how different deductible levels and can influence Nissan Altima insurance costs for different age groups of insureds. The premiums are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Poor driving habits will raise your car insurance rates

The information below illustrates how violations and at-fault claims can affect Nissan Altima annual premium costs for each age group. The premium estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.

Male drivers versus female drivers

The information below compares Nissan Altima premium costs for male and female drivers. The data assumes no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.

Nissan Altima liability rates compared to full coverage

The diagram below compares Nissan Altima car insurance rates with full coverage compared to only the Colorado minimum liability coverage. The premium estimates are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to stop buying full coverage

There is no definitive formula of when to phase out physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision 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 Nissan Altima replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your policy deductible. If it’s costing in excess of $700 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some situations where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should maintain full coverage.

Learn How to Get Insurance for Less

When buying insurance it’s important to understand the different types of things that aid in calculating the price you pay for insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you better insurance rates. Lots of factors are part of the equation when you get your auto insurance bill. Some are obvious such as your driving record, but some are more obscure like your vehicle usage or your vehicle rating.

The factors shown below are a few of the things utilized by car insurance companies to help set your rate level.

Prices impacted by vehicle usage – Driving a lot of miles in a year the more you will pay for insurance. The majority of insurers charge rates based upon how you use the vehicle. Cars and trucks not used for work or commuting can get a lower rate than vehicles that have high annual mileage. An incorrectly rated Altima is just wasting money. It’s always a good idea to double check that your insurance declarations sheet states the correct driver usage, because it can save money.

Your address can affect costs – Residing in less populated areas can save you money when it comes to insurance. People who live in big cities have to deal with more aggressive driving styles and a longer drive to work. Lower population means reduced accidents in addition to lower liability claims.

Vehicles with better crash test results save money – Cars with high safety ratings cost less to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and reduced instances of injuries means your insurance company pays less and lower rates for you. If your Nissan Altima has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

Limits of liability protection – Liability coverage provides coverage if you are found liable for an accident. Your liability coverage provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.

Marriage can lower premiums – Having a significant other may save some money on your insurance policy. It may mean you are more stable financially and insurance companies like that drivers who are married file infrequent claims.

Never allow your insurance to lapse – Having a lapse in insurance coverage is a fast way to increase your rates. Not only will rates go up, being ticketed for driving with no insurance could earn you a license revocation or jail time.

What are your deductibles? – The deductibles you choose are the amount of money you are willing to pay before a claim is paid by your company. Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply could be colliding with a stationary object, animal collisions, and damage caused by road hazards. The more damage repair cost the insured has to pay upfront, the better rate you will receive.

Policy add-ons can waste money – Policies have extra add-on coverages that sound like a good idea at the time when buying insurance. Insurance for rental car reimbursement, death and dismemberment, and extra life insurance coverage may be costing you every month. They may sound like good ideas when talking to your agent, but if you don’t need them consider taking them off your policy.

Loss probability for a Nissan Altima – Car insurance companies factor in insurance loss information when setting premium prices. Models that are shown to have increased claim numbers or amounts will have a higher cost to insure. The table below illustrates the historical insurance loss data for Nissan Altima vehicles.

For each type of coverage, the claim amount for all vehicles, regardless of make or model, equals 100. Values that are 100 or less suggest a better than average loss history, while numbers that are greater than 100 indicate frequent claims or an increased chance of larger losses than average.

Nissan Altima Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Nissan Altima 110 97 119 144 147 114

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Colorado car insurance company ratings

Ending up with a high-quality car insurance company can be challenging considering how many choices drivers have in Colorado. The rank data in the next section could help you pick which auto insurance companies you want to consider comparing rate quotes with.

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. GEICO
  5. Liberty Mutual
  6. Progressive
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Quote more to save more

Some companies do not offer internet price quotes and usually these small, regional companies prefer to sell through independent insurance agencies. Budget-friendly car insurance in Colorado Springs can be bought on the web and from local agencies, and you should compare price quotes from both to have the best chance of lowering rates.

Consumers who switch companies do it for a number of reasons such as poor customer service, questionable increases in premium, denial of a claim or even an unsatisfactory settlement offer. Regardless of your reason, finding a new company is not as hard as you think.

When searching for inexpensive Colorado Springs car insurance quotes, never buy poor coverage just to save money. In too many instances, drivers have reduced uninsured motorist or liability limits to discover at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

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