A study showed that the vast majority of consumers have stayed with the same insurance company for at least four years, and practically 40% of auto insurance customers have never even compared quotes to find cheap rates. New Jersey drivers could save nearly 40% a year, but most undervalue the amount of money they would save if they switch to a new company.
Truthfully, the best way to find cheaper quotes for car insurance rates is to compare prices at least once a year from providers in Newark. Prices can be compared by following these guidelines.
- First, read about coverages and the measures you can control to keep rates down. Many rating criteria that cause rate increases such as speeding tickets, careless driving and a substandard credit history can be improved by making minor changes to your lifestyle.
- Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for a wide range of insurance providers.
- Third, compare the new quotes to the price on your current policy to see if a cheaper price is available. If you can save money, make sure there is no coverage gap between policies.
- Fourth, notify your agent or company to cancel your current policy and submit the required down payment along with the signed application for the new policy. Be sure to put the proof of insurance paperwork with your vehicle’s registration.
A tip to remember is to make sure you enter similar deductibles and liability limits on every quote request and and to get prices from as many carriers as you can. Doing this enables an accurate price comparison and a complete price analysis.
Car insurance discounts help lower rates for Nissan Altima insurance in Newark
Some insurers don’t list every discount they offer very well, so the next list breaks down a few of the more well known as well as some of the hidden credits available to bring down your rates.
- Student Driver Training – It’s a good idea to have your young drivers enroll and complete driver’s education as it will make them better drivers and lower rates.
- Low Miles Discount – Driving fewer miles could be rewarded with lower car insurance rates due to less chance of an accident.
- Multiple Cars – Buying coverage for multiple vehicles with the same company could earn a price break for each car.
- Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts up to age 25.
- Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
- Save with a New Car – Insuring a new Altima can cost up to 25% less since new vehicles are generally safer.
We need to note that most discounts do not apply to the whole policy. Some only reduce specific coverage prices like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, nobody gets a free ride. Any qualifying discounts will help reduce your overall premium however.
The diagram below illustrates the difference between Nissan Altima insurance prices with and without discounts. The costs are based on a male driver, no driving violations, no at-fault accidents, New Jersey state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, claim-free, multi-policy, and homeowner discounts applied.
Larger car insurance companies and their offered discounts can be read below.
- GEICO includes discounts for five-year accident-free, multi-policy, driver training, anti-lock brakes, defensive driver, and seat belt use.
- Mercury Insurance offers discounts including age of vehicle, low natural disaster claims, ease of repair, accident-free, and anti-theft.
- Farmers Insurance may include discounts for alternative fuel, multi-car, teen driver, mature driver, and business and professional.
- Auto-Owners Insurance policyholders can earn discounts including safe vehicle, paid in full, good student, multi-policy, and group or association.
- Liberty Mutual discounts include newly married, safety features, multi-car, new vehicle discount, teen driver discount, and new graduate.
- SAFECO may offer discounts for drive less, teen safe driver, teen safety rewards, accident prevention training, bundle discounts, safe driver, and homeowner.
- Progressive has discounts for online signing, online quote discount, continuous coverage, homeowner, and good student.
- USAA offers discounts for defensive driver, loyalty savings, vehicle storage, driver training, multi-policy, and military installation.
When getting free Newark car insurance quotes, it’s a good idea to every insurance company the best way to save money. Depending on the company, some discounts may not apply in every state. If you would like to view companies that offer discounts in Newark, click here to view.
The fastest way that we advise to compare car insurance rates for Nissan Altima insurance in Newark is to know almost all companies will pay a fee to quote your coverage. All consumers are required to do is provide the companies a bit of rating information such as whether you drive to work or school, whether you are married, if the vehicle is leased, and how much coverage you want. The rating information is then submitted to insurance carriers in your area and they provide comparison quotes immediately.
To find lower lower-cost Nissan Altima insurance rates now, click here and enter your zip code.
The auto insurance companies shown below have been selected to offer free quotes in New Jersey. If you wish to find cheap car insurance in New Jersey, we suggest you visit several of them in order to get a fair rate comparison.
Rates and data analysis
The coverage table shown below outlines detailed analysis of insurance coverage prices for Nissan Altima models. Having insight into how insurance policy premiums are established can be useful when making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $320 | $614 | $504 | $30 | $152 | $1,620 | $135 |
| Altima 2.5 S 4-Dr Sedan | $320 | $722 | $504 | $30 | $152 | $1,728 | $144 |
| Altima Hybrid 4-Dr Sedan | $360 | $722 | $504 | $30 | $152 | $1,768 | $147 |
| Altima 2.5 S 2-Dr Coupe | $360 | $722 | $570 | $34 | $170 | $1,856 | $155 |
| Altima 3.5 SR 4-Dr Sedan | $360 | $722 | $504 | $30 | $152 | $1,768 | $147 |
| Altima 3.5 SR 2-Dr Coupe | $360 | $832 | $570 | $34 | $170 | $1,966 | $164 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in vehicle garaging location which can impact premium rates considerably.
Choosing deductibles
One frequently asked question is how high should the physical damage coverage deductibles be. The data tables below help summarize the rate differences when you choose different coverage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $414 | $746 | $480 | $28 | $144 | $1,837 | $153 |
| Altima 2.5 S 4-Dr Sedan | $414 | $880 | $480 | $28 | $144 | $1,971 | $164 |
| Altima Hybrid 4-Dr Sedan | $466 | $880 | $480 | $28 | $144 | $2,023 | $169 |
| Altima 2.5 S 2-Dr Coupe | $466 | $880 | $544 | $32 | $162 | $2,109 | $176 |
| Altima 3.5 SR 4-Dr Sedan | $466 | $880 | $480 | $28 | $144 | $2,023 | $169 |
| Altima 3.5 SR 2-Dr Coupe | $466 | $1014 | $544 | $32 | $162 | $2,243 | $187 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $302 | $504 | $480 | $28 | $144 | $1,458 | $122 |
| Altima 2.5 S 4-Dr Sedan | $302 | $594 | $480 | $28 | $144 | $1,548 | $129 |
| Altima Hybrid 4-Dr Sedan | $340 | $594 | $480 | $28 | $144 | $1,586 | $132 |
| Altima 2.5 S 2-Dr Coupe | $340 | $594 | $544 | $32 | $162 | $1,672 | $139 |
| Altima 3.5 SR 4-Dr Sedan | $340 | $594 | $480 | $28 | $144 | $1,586 | $132 |
| Altima 3.5 SR 2-Dr Coupe | $340 | $684 | $544 | $32 | $162 | $1,762 | $147 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rates do not factor in specific location which can impact premium rates greatly.
Based on the figures above, using a $100 deductible costs about $36 more each month or $432 annually than selecting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 11 months between claim filings, you would probably save some money if you choose a higher deductible.
Calculate deductible break even point
| Average monthly premium for $100 deductibles: | $170 |
| Average monthly premium for $500 deductibles (subtract): | – $134 |
| Monthly savings from raising deductible: | $36 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $36 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
The information below highlights how deductible selection and can increase or decrease Nissan Altima yearly insurance costs for different insured age categories. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
When to get advice from an insurance agent
Many drivers prefer to buy from a local agent. One of the best bonuses of comparing insurance prices online is that you can find the best rates and still have an agent to talk to. Buying from neighborhood agents is important particularly in Newark.
Once you complete this quick form, your insurance data is submitted to local insurance agents who will return price quotes and help you find cheaper coverage. You won’t even need to do any legwork due to the fact that quote results will go directly to you. You can find the lowest rates AND an agent nearby. If you want to get a price quote from a specific insurance company, feel free to find their quoting web page and give them your coverage information.
If you would like to find a good Newark insurance agent, you must know there are a couple types of insurance agents and how they are slightly different. Car insurance agents can be classified as either exclusive or independent agents depending on their company appointments.
Independent Agencies or Brokers
These agents are appointed with more than one company so they can quote policies with a variety of different insurance companies and get you the best rates possible. To move your coverage to a new company, they simply move your policy to a different company and you can keep the same agent.
When shopping rates, you should always include rate quotes from a few independent agents to get the best comparison.
Below are Newark independent insurance agencies that can possibly get you rate quotes.
Newark Cheaper Auto Insurance
11 Mulberry St – Newark, NJ 07102 – (206) 337-9544 – View Map
METROPLUS INSURANCE AGENCY
1423 McCarter Hwy – Newark, NJ 07104 – (973) 732-3794 – View Map
Collection Agency BandA
744 Broad St #1903 – Newark, NJ 07102 – (862) 218-0319 – View Map
Exclusive Car Insurance Agents
Agents in the exclusive channel normally can only provide a single company’s rates and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide rate quotes from other companies so they have to upsell other benefits. Exclusive agencies are usually well trained on what they offer which helps offset the inability to provide other markets.
Shown below is a list of exclusive agents in Newark willing to provide price quote information.
Farmers Insurance – Christine Veliz
229 Bloomfield Ave – Newark, NJ 07104 – (973) 482-1975 – View Map
State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map
State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map
Finding the right auto insurance agent should depend on more than just the premium amount. Below are some questions you should ask.
- What are their preferred companies if they are an independent agency?
- Do they specialize in personal lines coverage in Newark?
- Are they able to provide referrals?
- Can glass repairs be made at your home?
- Are they able to influence company decisions when a claim is filed?
- Does the agency support the community they serve?
- Do they write coverage based solely on cost?
- Will their companies depreciate repairs to your car based on the mileage?
Don’t give up on cheap rates
As you restructure your insurance plan, it’s a bad idea to reduce needed coverages to save money. There have been many cases where someone dropped collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage for the lowest cost, but do not sacrifice coverage to save money.
Cheap Nissan Altima insurance in Newark can be purchased online and also from your neighborhood Newark agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers may not offer rate quotes online and these smaller providers provide coverage only through independent agencies.
In this article, we presented many ideas to save on Nissan Altima insurance in Newark. The most important thing to understand is the more companies you get rates for, the higher your chance of finding affordable Nissan Altima insurance quotes. Consumers could even find that the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.
Much more information about auto insurance in New Jersey is located on the following sites:
- Distracted Driving Statistics (Insurance Information Institute)
- Who Has Cheap Car Insurance Quotes for a Toyota Corolla in Newark? (FAQ)
- Who Has Cheap Newark Car Insurance for a Kia Optima? (FAQ)
- Who Has Affordable Car Insurance for a Nissan Versa in Newark? (FAQ)
- Who Has the Cheapest Auto Insurance for a 20 Year Old Female in Newark? (FAQ)
- Who Has Affordable Auto Insurance for Handicapped Drivers in Newark? (FAQ)
- Who Has Cheap Newark Auto Insurance Quotes for Uber Drivers? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- Comprehensive Coverage (Liberty Mutual)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)