Buying cheaper auto insurance for a Nissan Altima in Minnesota is fairly simple, but it is dependent upon lots of different rating factors such as age of the vehicle, the likelihood of your vehicle being stolen, and any driving offenses on your record. Drivers in Minnesota pay approximately $1,292 per year for Altima insurance, but that cost is a valuation calculated using a 30-year-old single male driver with full coverage and $100 deductibles.
It’s more than likely you aren’t exactly 30 years old or even a male, possibly married instead of single, or maybe you have a speeding ticket that needs to be factored in. This demonstrates why the only real way to find cheap insurance prices for your Nissan is to do your own rate comparisons.
The specific model of Altima impacts the insurance rate, so the price you will pay to insure a Altima 2.5 4-Dr Sedan will be $290 cheaper than the cost to insure the more expensive 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||$312||$492||$416||$24||$124||$1,368||$114|
|Altima 2.5 S 4-Dr Sedan||$312||$580||$416||$24||$124||$1,456||$121|
|Altima Hybrid 4-Dr Sedan||$352||$580||$416||$24||$124||$1,496||$125|
|Altima 2.5 S 2-Dr Coupe||$352||$580||$470||$28||$140||$1,570||$131|
|Altima 3.5 SR 4-Dr Sedan||$352||$580||$416||$24||$124||$1,496||$125|
|Altima 3.5 SR 2-Dr Coupe||$352||$668||$470||$28||$140||$1,658||$138|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in zip code location which can increase or decrease rates greatly.
Choosing a high-quality auto insurance company can be a challenge considering how many different insurance companies sell coverage in Minnesota. The company ratings shown next can help you analyze which coverage providers you want to consider comparing price quotes from. These ratings are for large, nationwide insurance companies, so companies that focus mainly on Minnesota business are not taken into consideration for this list.
Top 10 Large Auto Insurers Overall in Minneapolis
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
How to get discounts on Minneapolis insurance rates
Insurers that offer coverage for a Nissan Altima may also provide policy discounts that may potentially lower prices by as much as 35% if you meet the requirements. A list of companies and some of their more popular discounts are shown below.
- State Farm includes discounts for passive restraint, Drive Safe & Save, good driver, safe vehicle, anti-theft, driver’s education, and multiple autos.
- GEICO has discounts for federal employee, military active duty, daytime running lights, multi-vehicle, and seat belt use.
- SAFECO offers discounts including teen safety rewards, anti-theft, bundle discounts, safe driver, homeowner, and accident prevention training.
- Farmers Insurance offers premium reductions for youthful driver, distant student, bundle discounts, early shopping, multi-car, good student, and alternative fuel.
- AAA offers discounts for good student, education and occupation, multi-car, multi-policy, AAA membership discount, anti-theft, and pay-in-full.
- USAA may have discounts that include driver training, good student, vehicle storage, family discount, and multi-vehicle.
The information below compares auto insurance rates with and without policy discounts. The rates are based on a female driver, no violations or claims, Minnesota state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with accident-free, claim-free, passive restraint, safe-driver, marriage, and defensive driving course discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for a Nissan Altima is 28% or $632.
The illustration below demonstrates how deductible levels can influence insurance costs when researching cheap insurance for a Nissan Altima. The premiums assume a single female driver, full coverage, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could pocket $350 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $528 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, have the ability to save as much as $894 or even more by selecting a higher deductible.
When raising deductibles, it’s a good idea to have plenty of money set aside to satisfy the extra out-of-pocket expense, which deters some people from using high deductibles.
Compare quotes and save
Minneapolis, MN auto insurance rates are impacted by many factors which can substantially change the cost of a policy. Simply improving your credit, buying another vehicle, or getting a ticket for running a stop sign can trigger changes in premium that can now make some companies more affordable than the competition. Also, companies amend premium rates every year or even multiple times each year in order to be able to pay unexpected claims. Significantly higher claims can result in more expensive premiums, while a profitable period can result in lower-priced Altima insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Minneapolis, MN for a 30-year-old male driver with a clean driving record, no accidents, and great credit. Based on his personal risk profile, Travelers offers the cheapest car insurance rates in Minneapolis at $922 each year. This is $499 less than the average policy premium paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, The Hartford, and Western National are the rest of the most affordable Minneapolis, MN auto insurance companies.
Now let’s give the driver in the first chart a chargeable accident, poor credit, and a speeding ticket. Due to the fact that every auto insurer has a unique approach for determining prices, comparing prices will most likely result in a significantly different list of the cheapest car insurance companies in Minneapolis as shown below.
Allied now has the best price on car insurance in Minneapolis with USAA, California Casualty, Farm Bureau Mutual, and Travelers completing the list. This example proves why it is so important to shop around with many companies to get the most budget-friendly insurance quotes for a Nissan Altima.
Insurance rates are made up of many factors and can increase or decrease at any time, so the cheapest rate when you last compared rates may now not even be in the top five.
How to find economical insurance for a Nissan Altima
The list below shows some of the recommended penny-pinching ideas that can help Minnesota drivers find cheap auto insurance.
- At-fault accidents will increase rates
- Buying home and auto together can help save money
- Violations like speeding or DUI increase rates
- Improve your credit score
- Raise your deductibles
- Pay for smaller claims out-of-pocket
- Ensure you have the best deal by shopping around regularly
That last idea is very important, as we noted in the article above. Car insurance prices in Minneapolis can be adjusted at any time, so don’t be hesitant to switch to a new company if a cheaper price is available.
Having a favorite company is great, but is isn’t recommended if that dedication is costing a lot of money. In just a couple of minutes you could compare prices and find cheaper insurance for a Nissan Altima.