How long has it been since you sat down and looked for more competitive Nissan Altima insurance in Evansville? Are you regretting the purchase of an overpriced car insurance policy? Trust us when we tell you you are not the only one feeling buyer's remorse.
Astonishing but true, almost 70% of insureds have bought car insurance from the same company for over three years, and 38% of drivers have never compared rates to find affordable insurance. Consumers in Evansville could save about $700 every year just by shopping around, but they don't want to spend time to compare rates.
Big-name insurance companies like Allstate, Liberty Mutual and State Farm all claim big savings with catchy ads and it can be hard to sift through the bull and take the time to shop coverage around.
Consumers should take time to check car insurance prices once or twice a year since rates change regularly. Even if you think you had the best premium rates on Nissan Altima insurance in Evansville a couple years back you will most likely find a better price today. Ignore everything you know about car insurance because we're going to demonstrate the quickest way to reduce your cost while improving coverage.
If you are already insured, you will definitely be able to reduce premiums using these tips. Finding the cheapest auto insurance coverage in Evansville can initially seem challenging. Although Indiana car owners should learn how the larger insurance companies calculate your auto insurance rates because rates are impacted by many factors.
Just remember that comparing a large number of companies gives you a better chance of getting the best price. Some smaller insurers do not give price estimates online, so it's recommended that you also compare price estimates from those companies as well.
The companies shown below provide price quotes in Evansville, IN. If the list has multiple companies, it's a good idea that you visit as many as you can in order to find the most competitive rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$104||$196||$270||$16||$80||$666||$56|
|Altima 2.5 S 4-Dr Sedan||$232||$580||$364||$22||$110||$1,308||$109|
|Altima Hybrid 4-Dr Sedan||$182||$320||$290||$18||$86||$896||$75|
|Altima 2.5 S 2-Dr Coupe||$222||$396||$326||$20||$98||$1,062||$89|
|Altima 3.5 SR 4-Dr Sedan||$212||$436||$270||$16||$80||$1,014||$85|
|Altima 3.5 SR 2-Dr Coupe||$200||$400||$318||$18||$94||$1,030||$86|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can modify premium rates significantly.
Annual premiums for males compared to females
The example below shows the comparison of Nissan Altima yearly insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, drivers are single, and no other discounts are factored in.
Analysis of deductible levels
The chart below shows how different deductible levels and can change Nissan Altima insurance prices for each age group. The premium estimates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
Impact of careless driving on Evansville car insurance rates
The chart below shows how violations and at-fault accidents drive up Nissan Altima insurance rates for different age groups. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
It may be expensive, but it's not optional
Even though it's not necessarily cheap to insure a Nissan in Evansville, insuring your vehicle is mandatory in Indiana but it also protects more than you think.
First, most states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability coverage in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Nissan Altima has a lienholder, most banks will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may insure your Nissan for a lot more money and require you to fork over for the much more expensive policy.
Third, insurance protects both your Nissan and your personal assets. Insurance will also pay for many types of medical costs for yourself as well as anyone injured by you. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to have it repaired.
The benefits of buying enough insurance definitely exceed the cost, especially for larger claims. Despite what companies tell you, the average driver overpays more than $869 every year so compare rates once a year at a minimum to help ensure money is not being wasted.
Slash your car insurance rates with these seven discounts
Properly insuring your vehicles can get expensive, but you may find discounts that may help make it more affordable. Certain discounts will be applied when you get a quote, but some discounts are required to be asked for prior to getting the savings.
- Government Employees - Active or retired federal employment could qualify for a slight premium decrease but check with your company.
- Discounts for Responsible Drivers - Drivers who avoid accidents can save as much as half off their rates as compared to drivers with claims.
- Anti-lock Brake Discount - Anti-lock brake equipped vehicles can reduce accidents so companies give up to a 10% discount.
- College Student Discount - Children who attend college more than 100 miles from Evansville and do not have access to a covered vehicle may be able to be covered for less.
- Own a Home - Being a homeowner can get you a discount because it requires a higher level of personal finance.
- Life Insurance Discount - Larger insurance companies have lower car insurance rates if you buy life insurance.
- E-sign - Some insurance companies will give a small break for buying your policy online.
A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. Despite the appearance that you could get a free car insurance policy, it doesn't quite work that way.
To see a list of insurers that can offer you the previously mentioned discounts in Indiana, click here.
Compare prices but still have a local neighborhood Evansville car insurance agent
Many people would prefer to have an agent's advice and doing that can be a smart decision The best thing about getting free rate quotes online is the fact that you can find cheap auto insurance rates and still buy from a local agent. Buying insurance from small agencies is important particularly in Evansville.
After filling out this form (opens in new window), your information is sent to participating agents in Evansville who will give you quotes for your coverage. There is no need to even leave your home as quotes are delivered directly to you. Get lower rates without having to waste a lot of time. If you want to compare prices from a specific insurance company, you can always go to their quote page and complete a quote there.
When researching local Evansville agents, there are two different agency structures and how they work. Evansville agents can be classified as either independent agents or exclusive agents.
Independent Auto Insurance Agencies or Brokers
Agents in the independent channel often have many company appointments and that allows them to write policies with many different companies and get you the best rates possible. If they find a lower price, they simply switch companies in-house without you having to go to a different agency. When comparing auto insurance prices, it's a good idea to get some free quotes from a few independent agents to have the best price comparison.
Shown below is a short list of independent insurance agencies in Evansville that may be able to give competitive price quotes.
Exclusive Insurance Agencies
Agents that elect to be exclusive can only provide pricing for a single company such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents are unable to place coverage with different providers so they have to upsell other benefits. They are well trained on their company's products and that allows them to sell at a higher price point.
Shown below is a list of exclusive agencies in Evansville that are able to give price quotes.
Finding a good car insurance agent requires you to look at more than just a low price. Any good agent in Evansville should know the answers to these questions.
- Will they take your side in the event of a claim?
- How would your car be valued if totalled?
- Do they have designations such as AIC, CPCU, or CIC?
- Is auto insurance their primary focus in Evansville?
- If they are an independent agency in Evansville, which companies do they recommend?
Insurance policy specifics
Understanding the coverages of your policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverages available from insurance companies.
Liability insurance - Liability coverage provides protection from damage that occurs to a person or their property in an accident. This insurance protects YOU against other people's claims. Liability doesn't cover your own vehicle damage or injuries.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability insurance covers claims like loss of income, structural damage, repair bills for other people's vehicles, court costs and pain and suffering. How much liability should you purchase? That is a personal decision, but buy higher limits if possible. Indiana requires minimum liability limits of 25/50/10 but drivers should carry more liability than the minimum.
Medical expense coverage - Med pay and PIP coverage kick in for bills like nursing services, dental work, chiropractic care, funeral costs and EMT expenses. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available and may carry a deductible
Comprehensive protection - Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as fire damage, damage from flooding and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Uninsured or underinsured coverage - Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle's occupants as well as damage to your Nissan Altima.
Since a lot of drivers have only the minimum liability required by law (25/50/10 in Indiana), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually these coverages are set the same as your liability limits.
Collision coverage - Collision insurance pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as sideswiping another vehicle, colliding with another moving vehicle, damaging your car on a curb, rolling your car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible on your Altima to get cheaper collision coverage.
Persistence will pay off
We just covered many ways to get a better price on Nissan Altima insurance in Evansville. It's most important to understand that the more providers you compare, the better your comparison will be. You may even discover the best car insurance rates are with the smaller companies. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.
Cheap Nissan Altima insurance in Evansville can be bought from both online companies as well as from insurance agents, and you need to price shop both to have the best rate selection. Some companies may not provide rate quotes online and usually these smaller providers prefer to sell through independent agents.
Even more information can be found by following these links:
- Top Signs Your Brakes are Giving Out (State Farm)
- Who Has the Cheapest Car Insurance Quotes for Teenagers in Indiana? (FAQ)
- Who Has Cheap Auto Insurance for Homeowners in Indiana? (FAQ)
- How Much are Indiana Auto Insurance Rates for a Jeep Wrangler? (FAQ)
- Who Has Cheap Indiana Auto Insurance for Drivers Under 25? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Indiana? (FAQ)
- What is the Cheapest Car Insurance in Portage, Indiana? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Choosing an Insurance Company (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)