Who Has Affordable Auto Insurance Rates for a Nissan Altima in Phoenix?

Buying cheap coverage for a Nissan Altima depends on a fairly complex equation with a lot of factors such as how old the vehicle is, your credit status, and the deductible amount you use. Arizona drivers will pay on average $873 annually to insure their Altima, but that figure is an approximation calculated based on a 50-year-old single female driver with full physical damage coverage and $500 deductibles.

But there is a good chance that you’re not a 50-year-old female, you might be married instead of single, and maybe your Altima just needs liability-only coverage. Have just a small change in rating criteria or coverage limits could end up with a large change in the amount insurance costs for a Nissan Altima.

Everone’s needs are different, and this illustrates why the best method for finding cheap insurance prices for your Nissan is to just compare rates yourself.

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Vehicle trim level will influence the annual cost of coverage, so the price you pay to insure a Altima 2.5 4-Dr Sedan model will be $188 lower than the cost to insure the fancier Altima 3.5 SR 2-Dr Coupe model, as shown by the rates below.

Nissan Altima Insurance Rates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $162 $308 $338 $20 $102 $930 $78
Altima 2.5 S 4-Dr Sedan $162 $364 $338 $20 $102 $986 $82
Altima Hybrid 4-Dr Sedan $182 $364 $338 $20 $102 $1,006 $84
Altima 2.5 S 2-Dr Coupe $182 $364 $382 $22 $114 $1,064 $89
Altima 3.5 SR 4-Dr Sedan $182 $364 $338 $20 $102 $1,006 $84
Altima 3.5 SR 2-Dr Coupe $182 $418 $382 $22 $114 $1,118 $93
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can alter coverage rates substantially.

Finding reliable, reasonably-priced car insurance is not the easiest thing to accomplish, and deciding which insurers offer the cheapest insurance rates for a Nissan Altima calls for even more diligence. Every insurance company has their own formula for determining rates in each state, so let’s take a look at the most budget-friendly insurance companies in Phoenix, AZ.

Keep in mind that Arizona insurance rates are impacted by many factors which can substantially change the price of your policy. This is why it is critical to shop around with many companies to get the lowest insurance rates for a Nissan Altima. Prices consist of many different factors and can change without notice, so the best option two years ago may now be quite expensive.

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Cheapest Arizona car insurance ranked by price
Rank Company Cost Per Year
1 The Hartford $845
2 Auto-Owners $915
3 Safeco $932
4 Travelers $1,075
5 USAA $1,113
6 Progressive $1,118
7 GEICO $1,177
8 Ameriprise Group $1,184
9 CSAA $1,189
10 Allied $1,233
11 Safe Auto $1,284
12 Farm Bureau Mutual $1,297
13 Farmers $1,350
14 Unitrin $1,357
15 State Farm $1,377
16 Amica $1,429
17 American Family $1,435
18 Titan $1,461
19 California Casualty $1,552
20 MetLife $1,567
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The Hartford may have some of the best car insurance rates in Phoenix at around $845 annually. This is $583 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also qualify as some of the more affordable Phoenix, AZ car insurance companies.

In this example, if you currently have coverage with Travelers and switched to Auto-Owners, you may see annual savings of approximately $160. Insureds with USAA may save as much as $198 a year, and Progressive policyholders might see rate reductions of $203 a year.

If you want to find out if you’re overpaying, click here to get a free quote or click several companies below for low rates.

Bear in mind that those prices are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for a Nissan Altima. So the car insurance company that can offer you the lowest price may not even be in the top 28 companies in the list above. That underscores the importance of why you need to get quotes using your own personal information and vehicle type.

The chart below demonstrates how choosing different deductibles can change yearly insurance costs when searching for cheap insurance for a Nissan Altima. The data assumes a married male driver, full physical damage coverage, and no discounts are applied.

As shown above, a 30-year-old driver could lower their policy premium by $358 a year by increasing from a $100 deductible to a $500 deductible, or save $536 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, could potentially save as much as $1,086 annually just by choosing larger deductibles.

When increasing deductibles, it is important to have enough funds in savings to satisfy the extra out-of-pocket expense associated with higher deductibles.

Price comparison of only insuring for liability

Finding the cheapest insurance is probably important to the majority of vehicle owners, and an effective way to reduce the cost of insurance for a Nissan Altima is to not buy comprehensive and collision coverage. The chart below shows the difference between auto insurance costs when comparing full coverage to liability only. The costs are based on no driving violations, no at-fault accidents, $500 deductibles, single status, and no discounts are applied.

As an overall average, comp and collision coverage costs an additional $1,919 per year over having just liability coverage. That touches on the question when is it safe to stop buying full coverage. There is no specific rule of when to exclude comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Last year’s bargain might be this year’s rip off

Phoenix, AZ insurance rates are determined by lots of factors that can increase the price of coverage. Getting older, buying a different home, or having an at-fault accident may prompt premium changes that can make some companies cheaper than competitors.

Not only may things change on your end, but car insurance companies change premium rates every year to adjust for gains or losses. A period of higher than normal claims may result in higher rates, while a better loss history can result in lower-cost Altima insurance rates.

To help illustrate this point, the graph below shows which companies have the cheapest car insurance in Phoenix, AZ for a 35-year-old male driver with no accidents, a clean driving record, and a good credit history. If we estimate prices based on his current rating profile, The Hartford offers the most affordable car insurance rates in Phoenix at $1,232 each year. This is $196 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are the remainder of the cheapest Phoenix, AZ auto insurance companies.

Let’s now give the driver from above an accident surcharge, a lower credit score, and a blemish on his driving record. Since each auto insurance company has their own formula for setting prices, getting updated rate quotes may now show a substantially altered list of the cheapest car insurance companies in Phoenix as shown below.

GEICO now has the best car insurance rate in Phoenix with Ameriprise Group, Allied, Auto-Owners, and CSAA now being in the top five. This example shows why Arizona drivers need to spend some time comparing rates when trying to find the most budget-friendly car insurance rates for a Nissan Altima.

Prices are impacted by many different factors and can decrease or increase without notice, so the best price a year ago may now be an over-priced policy.

How to find the cheapest car insurance for a Nissan Altima

It’s not impossible to find cheaper rates, and here are some money-saving ideas that can help drivers buy more affordable coverage.

The last idea is notably crucial, as was affirmed in the prior article. Rates in Phoenix can change in a short period of time, so don’t hesitate to switch carriers if a lower-cost policy is available.

Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that stubbornness costs you lots of money. In less than five minutes you could compare rates to find cheaper insurance for a Nissan Altima.