Who Has Cheap Car Insurance Rates for a Nissan Altima in Lincoln?

Finding economical insurance for a Nissan Altima relies on many rating factors such as your gender, your credit score, and if you have a history of accidents. Drivers pay on average $1,075 each year to insure their Altima, but that price is an approximation calculated based on a 30-year-old married male driver with full coverage and $100 deductibles.

This brings up the issue that more than likely you may not be 30 years old (or even male), you might be single instead of married, or maybe you rent instead of own your home. Have just a small change in the criteria used to calculate rates can result in a large change in the price of a policy.

Different coverage needs are the reason why the best method for finding cheap insurance prices for your Nissan is to put in the effort to do a thorough rate comparison.

View Nissan Altima Insurance Rates

Your Nissan’s trim level will have an impact the cost of insurance, so the price to insure a Altima 2.5 4-Dr Sedan will be $252 less expensive the price to insure the more well-appointed Altima 3.5 SR 2-Dr Coupe version, as shown below.

Nissan Altima Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $258 $466 $300 $18 $90 $1,132 $94
Altima 2.5 S 4-Dr Sedan $258 $548 $300 $18 $90 $1,214 $101
Altima Hybrid 4-Dr Sedan $292 $548 $300 $18 $90 $1,248 $104
Altima 2.5 S 2-Dr Coupe $292 $548 $338 $20 $102 $1,300 $108
Altima 3.5 SR 4-Dr Sedan $292 $548 $300 $18 $90 $1,248 $104
Altima 3.5 SR 2-Dr Coupe $292 $632 $338 $20 $102 $1,384 $115
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates significantly.

Finding dependable, low-cost car insurance is not most people’s favorite thing to do, and deciding which companies offer the lowest-priced auto insurance rates for a Nissan Altima will take even more work.

Each auto insurer has their own unique process for determining rates in each state, so let’s begin by examining the most budget-friendly auto insurance companies in Lincoln. Keep in mind that Lincoln auto insurance rates are influenced by many factors that may substantially change the cost of a policy. This is why Nebraska drivers need to do a thorough rate comparison when trying to get the most economical car insurance quotes for a Nissan Altima. Auto insurance prices are determined by many risk factors and can change without notice, so the most economical company when you last compared rates may now be quite expensive.

Cheapest Insurance Rates for Your Altima

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Safeco may have some of the most affordable car insurance rates in Lincoln at around $812 a year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also make the cut as some of the more affordable Lincoln, NE insurance companies.

In the above rates, if you are a customer of Allied and switched to The Hartford, you might achieve savings of in the vicinity of $56. Nebraska drivers with Farm Bureau Mutual could save as much as $125 a year, and Farmers Mutual of Nebraska customers might realize rate reductions of up to $154 a year.

To compare your rates to other Nebraska insurance companies, click here to start your free quote or quote prices from the following companies.

Remember that these policy prices are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for a Nissan Altima. So the company that fits your needs best may not even be in the list above. That is why you need to compare prices as often as possible using your own driver information and specific vehicle type.

How much more does full coverage cost in Lincoln?

Finding the cheapest auto insurance is important to most drivers, and one good way to lower the cost of insurance for a Nissan Altima is to not insure for full coverage. The illustration below illustrates the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

If we average all the age groups together, comp and collision coverage costs $1,595 per year over and above liability coverage. Many drivers will wonder if buying full coverage is a waste of money. There is no clear-cut formula of when to exclude comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement value is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,500 after the policy deductible has been paid. If it’s costing you more than $850 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some circumstances where only buying liability is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

The importance of comparing Altima insurance rates

Lincoln auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of a policy. Turning one year older, buying a home, or getting a ticket for careless driving can trigger changes in premium resulting in some companies being more affordable than competitors.

Not only may things change on your end, but insurance companies modify rates as needed in order to maintain liquidity for claims. Higher than normal claim frequency or severity may result in more expensive premiums, while a better claims history can result in lower-cost Altima insurance rates.

To help illustrate this point, the graph below compares the cheapest car insurance in Lincoln, NE for a 45-year-old female driver with no prior accidents, a clean driving record, and good financial standing. When quoting prices based on her current situation, Safeco has the best car insurance rates in Lincoln at $780 each year. This is $536 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farm Bureau Mutual also make the list of the cheapest Lincoln, NE auto insurance companies.

In this example, we will give the driver from the first rate comparison a couple of claims, poor credit, and a few traffic violations. Since every car insurance company has a proprietary formula for establishing rates, analyzing rate quotes may now result in a different ranking of companies as shown below.

Nationwide now has the cheapest rate in Lincoln, NE with State Farm, American National, General Casualty, and USAA completing the list. This illustrates why it is critical to shop around with many companies when trying to get the most budget-friendly insurance rates for a Nissan Altima. Car insurance prices can be determined by many different factors and change substantially, so the best price the last time you shopped around may now cost much more than other companies.