Buying the best cheap insurance for a Nissan Altima in Colorado doesn't take a lot of effort, but it relies on a very complex rating algorithm that uses multiple factors such as the safety rating for your Altima, whether you are claim-free, and physical damage deductibles. Drivers in Colorado pay on average $1,260 each year for Altima insurance, but that price is an estimation based on a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
But there is a high likelihood that you may not be 30 years old (or even male), maybe you are single instead of married, or maybe you are just looking for cheap liability insurance. Not every driver requires the same auto insurance coverages, so the best way to find the cheapest rates for your Nissan is to compare as many rates as possible. Quotes are always free and you will receive rate quotes from top-rated companies around.
Your vehicle's trim level can impact the annual cost of coverage, so the price you will pay to insure a Altima 2.5 4-Dr Sedan trim level will be $294 cheaper than the insurance cost for the higher-priced Altima 3.5 SR 2-Dr Coupe model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$302||$546||$352||$20||$106||$1,326||$111|
|Altima 2.5 S 4-Dr Sedan||$302||$644||$352||$20||$106||$1,424||$119|
|Altima Hybrid 4-Dr Sedan||$342||$644||$352||$20||$106||$1,464||$122|
|Altima 2.5 S 2-Dr Coupe||$342||$644||$396||$24||$118||$1,524||$127|
|Altima 3.5 SR 4-Dr Sedan||$342||$644||$352||$20||$106||$1,464||$122|
|Altima 3.5 SR 2-Dr Coupe||$342||$740||$396||$24||$118||$1,620||$135|
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in specific garaging location which can lower or raise coverage prices greatly.
Comparing quotes for cost effective car insurance is challenging, and finding out which company quotes the lowest-priced insurance rates for a Nissan Altima in Colorado will take even more perseverance. Each auto insurance company has a proprietary formula for determining rates, so let's begin by examining the insurance companies that tend to be cheaper in Colorado.
It's a good idea to know that Colorado insurance rates are impacted by many things that will increase or decrease the policy price. This price fluctuation is why consumers need to take the time to spend some time comparing rates to get the most budget-friendly insurance quotes for a Nissan Altima. Car insurance prices are made up of many things and can increase or decrease at any time, so the cheapest company a year ago may now be costing you a lot of money.
Best Cheap Insurance Rates for Your Altima
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,624|
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The Hartford has some of the lowest car insurance rates in Colorado at around $850 a year. Grange, USAA, GEICO, and Nationwide also rank well as some of the best Colorado car insurance companies.
As the example above demonstrates, if you are a customer of Nationwide and switched to Grange, you might achieve a yearly savings of roughly $156. Insureds with Auto-Owners could save as much as $217 a year, and Travelers insureds might lower prices by $232 a year.
To discover how much you can save, click here to start your free quote or feel free to get quotes from the companies below.
Understand that those premium estimates are averages for all types of insureds and vehicles and and are not calculated with a specific rating modification for a Nissan Altima. So the car insurance company that has the cheapest rates for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
Discounts on Colorado auto insurance
Insurers that provide policies for a Nissan Altima may also offer policy discounts that could potentially reduce rates by as much as 35% or more if you meet certain criteria. The best insurance companies and some of their more popular discounts include:
- American Family has discounts for defensive driver, TimeAway discount, good student, bundled insurance, air bags, mySafetyValet, and good driver.
- State Farm offers premium reductions for defensive driving training, good student, student away at school, passive restraint, anti-theft, and safe vehicle.
- 21st Century offers discounts including homeowners, teen driver, defensive driver, student driver, driver training, and anti-lock brakes.
- Travelers may offer discounts for home ownership, payment discounts, good student, multi-policy, and IntelliDrive.
- GEICO may include discounts for anti-lock brakes, good student, federal employee, defensive driver, seat belt use, and five-year accident-free.
The diagram below illustrates the comparison of car insurance costs with and without discounts applied to the policy rates. Data assumes a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multiple policy, defensive driving course, vehicle safety, passive restraint, and anti-theft discounts applied. When drivers qualify for the discounts, the the average yearly reduction on insurance for a Nissan Altima is 28% or $658.
Don't stick with an overpriced policy
Colorado insurance rates are impacted by many factors that control your annual premium. Simply having a birthday, buying higher coverage limits, or having an accident can trigger price changes that can make some companies cheaper than before. And not only may your rating factors change, but insurers modify pricing at least once a year as an adjustment for underwriting gains or losses. Heavier than normal losses may cause increased rates, while lower claim levels may cause lower-cost Altima insurance rates.
The chart below shows rates for the cheapest car insurance in Colorado for a 35-year-old male driver with no accidents or violations, and a high credit rating. Based on his current situation, The Hartford offers the lowest car insurance rates in Colorado at $850 annually. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remainder of the cheapest Colorado auto insurance companies.
Now we will give the driver from the first set of rates a claim, a lower credit rating, and a stop sign violation. Due to the fact that every insurance company has a unique formula for determining prices, comparing rates will most likely result in a different list of affordable companies as shown below.
Travelers now has the best insurance rate in Colorado with State Farm, American Family, Progressive, and Amica now rounding out the top five. This illustrates why consumers need to take the time to perform an extensive rate comparison when trying to find the lowest insurance quotes for a Nissan Altima. Car insurance prices are determined by many different factors and can change substantially, so the cheapest company two years ago may now be costing you a lot of money.
How to find more affordable auto insurance for a Nissan Altima
The list below summarizes some of the better money-saving solutions that can help drivers get cheap coverage.
- Prevent price hikes by avoiding at-fault accidents
- Clean up your credit
- Buying home and auto insurance together can earn discounts
- Try to not file small claims
- Raise physical damage deductibles
- Keep your driving record clean
- Shop around once a year for cheaper rates
The last item on the list is particularly vital, as we noted in the article above. Prices charged by car insurance companies fluctuate constantly, so drivers shouldn't hesitate to switch to a new company if a cheaper rate is available.
Many drivers tend to have loyalty to a certain company, but we do not recommend it if that faithfulness ends up costing you a small fortune. In just a few minutes you could compare rates and find cheaper insurance for a Nissan Altima.