Cheap Nissan Altima Insurance in Toledo

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Cutting costs on Nissan Altima insurance in Toledo might be frustrating for drivers who have little experience online rate comparisons. With such a large number of agents and insurers available, it can easily become a difficult mission to compare prices on Nissan Altima insurance.

How to find cheaper Nissan Altima insurance in Toledo

If you want to find the absolute lowest rates, then the best way to get the cheapest auto insurance rates is to start doing an annual price comparison from insurers that insure vehicles in Toledo. Drivers can shop around by following these guidelines.

  • Step 1: Get an understanding of what is in your policy and the changes you can make to prevent expensive coverage. Many risk factors that are responsible for high rates such as traffic violations and an unfavorable credit rating can be remedied by being financially responsible and driving safely.
  • Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while independent agents can quote rates from multiple insurance companies.
  • Step 3: Compare the new rate quotes to your existing rates to see if a cheaper price is available in Toledo. If you find better rates and switch companies, make sure there is no lapse in coverage.

A key point to remember is to try to use the same physical damage deductibles and liability limits on every price quote and and to compare as many carriers as you can. This provides a level playing field and a complete rate analysis.

Insurance rates Nissan Altima in ToledoAstonishing but true according to a recent study, a large majority of consumers have bought auto insurance from the same company for at least the last four years, and about 40% of consumers have never shopped around. Consumers in Toledo could save $700 a year just by shopping around, but most tend to underestimate the amount of money they would save if they just switched companies.

The quickest way to compare policy rates for Nissan Altima insurance in Toledo is to know the fact auto insurance companies provide online access to give free rates quotes. The only thing you need to do is take a few minutes to give details like whether or not you need a SR-22, if you are currently licensed, the make and model of your vehicles, and coverage limits. Your insurance information is sent automatically to insurance carriers in your area and you receive quotes very quickly.

To find lower cheaper Nissan Altima insurance rates now, click here and see if a lower rate is available in Toledo.

The following companies can provide free quotes in Toledo, OH. To buy the best auto insurance in Ohio, we suggest you compare several of them to get the best price comparison.

Insurance does more than just repair your car

Even though it can be expensive, insurance is required in Ohio but also provides important benefits.

  • Almost all states have mandatory insurance requirements which means the state requires specific limits of liability in order to get the vehicle licensed. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Nissan has a loan, most banks will stipulate that you have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Nissan for a much higher rate and require you to reimburse them the higher premium.
  • Insurance protects your Nissan Altima and your assets. Insurance will pay for medical bills that are the result of an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your policy will pay to have it repaired.

The benefits of having insurance definitely exceed the price paid, especially for larger claims. Today the average American driver overpays as much as $865 each year so it's very important to do a rate comparison at least once a year to save money.

Nissan Altima insurance rate analysis

The table displayed next showcases detailed analysis of insurance premium costs for Nissan Altima models. Having a good grasp of how auto insurance prices are figured can assist in making smart choices when purchasing an auto insurance policy.

Nissan Altima Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $142 $238 $226 $14 $68 $688 $57
Altima 2.5 S 4-Dr Sedan $142 $280 $226 $14 $68 $730 $61
Altima Hybrid 4-Dr Sedan $160 $280 $226 $14 $68 $748 $62
Altima 2.5 S 2-Dr Coupe $160 $280 $256 $16 $76 $788 $66
Altima 3.5 SR 4-Dr Sedan $160 $280 $226 $14 $68 $748 $62
Altima 3.5 SR 2-Dr Coupe $160 $324 $256 $16 $76 $832 $69
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in garaging location in Toledo which can modify premium rates substantially.

Should you raise deductibles?

One common question asked by Toledo drivers is where should you set your physical damage deductibles. The rates below summarize how much more you'll pay of buying low and high coverage deductibles. The first set of prices uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Nissan Altima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $196 $352 $226 $14 $68 $881 $73
Altima 2.5 S 4-Dr Sedan $196 $416 $226 $14 $68 $945 $79
Altima Hybrid 4-Dr Sedan $220 $416 $226 $14 $68 $969 $81
Altima 2.5 S 2-Dr Coupe $220 $416 $256 $16 $76 $1,009 $84
Altima 3.5 SR 4-Dr Sedan $220 $416 $226 $14 $68 $969 $81
Altima 3.5 SR 2-Dr Coupe $220 $478 $256 $16 $76 $1,071 $89
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Nissan Altima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $108 $186 $226 $14 $68 $602 $50
Altima 2.5 S 4-Dr Sedan $108 $220 $226 $14 $68 $636 $53
Altima Hybrid 4-Dr Sedan $122 $220 $226 $14 $68 $650 $54
Altima 2.5 S 2-Dr Coupe $122 $220 $256 $16 $76 $690 $58
Altima 3.5 SR 4-Dr Sedan $122 $220 $226 $14 $68 $650 $54
Altima 3.5 SR 2-Dr Coupe $122 $252 $256 $16 $76 $722 $60
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in specific location which can decrease or increase insurance rates significantly.

We can estimate from the data above that using a $100 deductible will cost you approximately $26 more each month or $312 every year than opting for the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 35 months between claim filings, you would probably save some money going with the higher deductible.

Gender differences in insurance premiums

The illustration below shows the difference between Nissan Altima car insurance rates for male and female drivers. The data is based on a clean driving record, no claims, comp and collision included, $250 deductibles, marital status is single, and no discounts are taken into consideration.

Cost of full coverage in Toledo

The information below visualizes the comparison of Nissan Altima premium costs with liability coverage only compared to full coverage. The premium estimates are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.

When to stop buying full coverage

There is no set guideline of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's pretend your Nissan Altima book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $7,000 after the policy deductible has been paid. If it's costing you more than $700 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Affordable Nissan Altima insurance in Toledo

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that can help lower your rates. Some discounts will apply at the time you complete a quote, but some need to be specially asked for before you get the savings. If you don't get every credit available, you could be paying more than you need to.Discount auto insurance

  • Safety Course Discount - Participating in a safe driver course could cut 5% off your bill and also improve your driving technique.
  • Memberships - Participating in qualifying employment or professional organizations could qualify you for a break on auto insurance.
  • Senior Citizens - Mature drivers are able to get a small decrease in premiums.
  • Pay Upfront and Save - If you pay your entire premium ahead of time instead of making monthly payments you can avoid the installment charge.
  • Discount for Multiple Policies - When you combine your auto and home insurance and insure them with the same company they may give you a discount of up to 20% and get you low cost Nissan Altima insurance.
  • Waiver for an Accident - Not a discount per se, but companies like Allstate, Progressive, and GEICO allow you one accident before your rates go up if you have no claims before the accident.
  • Discounts for Seat Belt Usage - Drivers who require all occupants to wear their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Renewal Discounts - A few larger companies give discounts for renewing your policy before your current Altima insurance policy expires. This can save 10% or more.
  • Life Insurance Discount - Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy life insurance from them.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, auto insurance companies aren't that generous.

The diagram below visualizes the comparison of Nissan Altima premium costs with and without discounts being applied to the rates. The data is based on a female driver, no accidents, no driving violations, Ohio 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 marriage, multi-policy, safe-driver, claim-free, multi-car, and homeowner discounts applied.

If you would like to see a list of providers who offer free Nissan Altima insurance quotes in Toledo, click this link.

Insurance agent or online?

Many people would prefer to have an agent's advice and that is recommended in a lot of cases A good thing about comparing rate quotes online is that drivers can save money and get better rates and also buy local. Buying from and supporting local agencies is important particularly in Toledo.

To help locate an agent, after submitting this form (opens in new window), the quote information is transmitted to insurance agents in Toledo that give free quotes for your insurance coverage. You won't even need to visit any agencies because prices are sent to you instantly. You can get cheaper car insurance rates without having to waste a lot of time. If you wish to compare prices for a specific company, don't hesitate to find their quoting web page and submit a quote form there.

Independent or Exclusive: It's your choice

If you are wanting to purchase car insurance from local Toledo agents, there are two different agency structures from which to choose. Car insurance agencies can either be independent or exclusive depending on the company they work for.

Independent Insurance Agents

These agents can sell policies from many different companies so they can quote policies with any number of different companies and help determine which has the cheapest rates. If they find a lower price, they simply switch companies in-house which makes it simple for you. When comparing rate quotes, it's a good idea to include price quotes from multiple independent agents to ensure the widest selection of prices. Most have the option of insuring with additional companies that you may not be familiar with which may provide better rates.

The following are Toledo independent insurance agencies that can possibly get you price quote information.

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Exclusive Insurance Agencies

Exclusive agents write business for a single company like American Family, State Farm, and AAA. Exclusive agents cannot compare other company's rates so they really need to provide good service. Exclusive agencies are well trained on what they offer which helps them sell on service rather than price. Some consumers prefer to choose to use an exclusive agent mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.

Below is a list of exclusive agents in Toledo who can help you get price quotes.

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Picking an auto insurance agent should include more criteria than just a cheap price quote. These are some valid questions you should ask.

  • Do they get extra compensation for selling add-on coverages?
  • Who is covered by the car insurance policy?
  • What are their preferred companies if they are an independent agency?
  • Do they feel the quoted coverages are adequate?
  • Does the company allow you to choose your own collision repair facility?
  • Are they primarily personal or commercial lines agents in Toledo?

Toledo car insurance companies ranked

Picking the right insurance company can be a challenge considering how many companies sell insurance in Ohio. The rank data shown next may help you pick which car insurance companies to look at comparing rate quotes with.

Best Car Insurance Companies in Ohio
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

In Summary

People change insurance companies for a number of reasons such as unfair underwriting practices, lack of trust in their agent, poor customer service or delays in paying claims. Regardless of your reason for switching companies, finding a new company can be pretty painless.

You just read a lot of information how to get a better price on Nissan Altima insurance in Toledo. It's most important to understand that the more price quotes you have, the better likelihood of getting low cost Toledo auto insurance quotes. Consumers could even find that the lowest premium rates come from some of the smallest insurance companies.

Budget-friendly car insurance in Toledo can be bought online as well as from independent agents in Toledo, so you need to quote Toledo auto insurance with both so you have a total pricing picture. Some car insurance companies may not offer internet price quotes and most of the time these small, regional companies work with independent insurance agents.

Steps to finding cheaper rates for Nissan Altima insurance in Toledo

Truthfully, the best way to get the cheapest Nissan Altima insurance is to do an annual price comparison from insurance carriers in Toledo. This can be done by following these guidelines.

  • Step 1: Try to understand how your policy works and the factors you can control to prevent expensive coverage. Many rating criteria that increase rates such as accidents, careless driving, and an unacceptable credit score can be eliminated by being financially responsible and driving safely.
  • Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO or State Farm, while agents who are independent can provide price quotes for many different companies.
  • Step 3: Compare the quotes to the premium of your current policy and determine if there is any savings. If you can save some money, make sure coverage is continuous and does not lapse.
  • Step 4: Provide written notification to your current company to cancel your current coverage and submit any necessary down payment along with the completed application to the new company. Once coverage is bound, place your new proof of insurance paperwork with your vehicle's registration.

An important part of this process is that you'll want to compare similar deductibles and liability limits on each price quote and and to look at as many companies as feasibly possible. This provides an apples-to-apples comparison and the best price quote selection.

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