Shopping for the lowest cost Albuquerque Nissan Altima insurance quotes can appear to be impossible for vehicle owners new to quoting and comparing rates and buying car insurance over the internet. With so many agents and companies, how are we expected to even start to compare every company in order to find the lowest rates?
A recent NerdWallet.com study revealed that most drivers kept their coverage with the same car insurance company for four years or more, and nearly 40% of drivers have never even shopped around for affordable coverage. Most drivers in Albuquerque could save nearly $470 every year by just comparing rate quotes, but most tend to underestimate how much money they would save if they switched.
It's a good idea to check car insurance prices periodically because prices change frequently. Just because you had the best rates on Nissan Altima insurance in Albuquerque at your last renewal other companies may now be cheaper. Forget all the misinformation about car insurance because we're going to show you how to use online quotes to save on car insurance.
When shopping for Nissan Altima insurance in Albuquerque there are multiple ways of comparing rate quotes from many available car insurance companies in New Mexico. The recommended way to comparison shop is to jump online and get quotes.
When price shopping your coverage, comparing more rates from different companies helps increase your odds of locating the best price.
The companies in the list below can provide quotes in Albuquerque, NM. If several companies are displayed, it's a good idea that you visit two to three different companies in order to find the cheapest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$238||$474||$418||$24||$126||$1,280||$107|
|Altima 2.5 S 4-Dr Sedan||$194||$450||$418||$24||$126||$1,212||$101|
|Altima Hybrid 4-Dr Sedan||$176||$330||$302||$18||$90||$916||$76|
|Altima 2.5 S 2-Dr Coupe||$312||$608||$492||$30||$148||$1,590||$133|
|Altima 3.5 SR 4-Dr Sedan||$196||$390||$364||$22||$108||$1,080||$90|
|Altima 3.5 SR 2-Dr Coupe||$276||$654||$440||$26||$132||$1,528||$127|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Price information does not factor in vehicle location which can raise or lower coverage prices greatly.
Nissan Altima liability-only versus full coverage
The illustration below examines Nissan Altima insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or accidents, $100 deductibles, single male driver, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no definitive guideline to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Nissan Altima replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after the deductible is paid. If it's costing you more than $500 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some circumstances where only buying liability is not financially feasible. If you haven't satisfied your loan, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Why you need Altima insurance in New Mexico
Even though it can be expensive, paying for car insurance may be required for several reasons.
- Just about all states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability in order to get the vehicle licensed. In New Mexico 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.
- If you took out a loan on your vehicle, more than likely the lender will require that you buy full coverage to ensure loan repayment if the vehicle is totalled. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Nissan at a significantly higher premium and require you to reimburse them the higher premium.
- Insurance protects not only your Nissan but also your assets. Insurance will pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers legal expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to have it repaired.
The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. Despite what companies tell you, the average driver is overpaying over $700 annually so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Can you really save $402 a year?
Well-known car insurance companies like State Farm and Allstate seem to constantly run television, radio, and online ads. They all advertise the message about how much you will save after switching your policy. It sounds good, but how can they all save you money on Nissan Altima insurance in Albuquerque? It's all in the wording.
Most companies quote their best rates for the right customer that will most likely be profitable. For example, a driver they prefer may need to be between the ages of 30 and 50, has few claims, and has great credit. Anyone who meets those qualifications may get the lowest auto insurance rates in Albuquerque and will most likely save quite a bit of money when switching.
People who don't meet the "perfect" profile will get higher premiums which results in the driver buying from a lower-cost company. Company advertisements say "drivers that switch" not "everybody who quotes" save that much when switching. This is how insurance companies can make those statements. Because of the profiling, you absolutely need to compare price quotes frequently. It is just not possible to predict which car insurance company will have the lowest rate quotes.
Affordable Albuquerque insurance quotes with discounts
Insuring your fleet can be pricey, but you might find some hidden discounts that you may not even know about. Certain discounts will be triggered automatically when you quote, but some must be manually applied prior to getting the savings. If you do not double check each discount you deserve, you could be paying more than you need to.
- Passive Restraints and Air Bags - Cars that have air bags or motorized seat belts can get savings of 20% or more.
- Home Ownership Discount - Owning a home in Albuquerque can save you money because maintaining a house requires a higher level of personal finance.
- First Accident Forgiveness - This one isn't a discount, but a handful of insurance companies will forgive one accident without the usual rate increase so long as you haven't had any claims for a specific time period.
- Mature Driver Discount - Seniors can possibly qualify for a discount up to 10%.
- Discount for Swiching Early - A few insurance companies offer discounts for switching to them prior to your current Altima insurance policy expiration. You could save around 10% when you buy Albuquerque auto insurance online.
- Save with a New Car - Insuring a vehicle that is new may earn a small discount due to better safety requirements for newer models.
- Smart Student Discounts - Performing well in school can be rewarded with saving of up to 25%. The discount lasts until age 25.
- Discounts for Federal Employees - Active or former government employment can earn a discount up to 10% depending on your company.
- Lower Rates for Military - Being deployed in the military may lower your premium rates slightly.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you could get a free insurance policy, company stockholders wouldn't be very happy.
Larger insurance companies and a selection of discounts are detailed below.
- State Farm discounts include driver's education, defensive driving training, student away at school, multiple autos, accident-free, and safe vehicle.
- American Family offers discounts for Steer into Savings, multi-vehicle, defensive driver, TimeAway discount, and bundled insurance.
- AAA may have discounts that include good driver, good student, pay-in-full, anti-theft, and education and occupation.
- GEICO includes discounts for five-year accident-free, federal employee, anti-lock brakes, anti-theft, daytime running lights, and air bags.
- Mercury Insurance has savings for annual mileage, accident-free, low natural disaster claims, anti-theft, ease of repair, and good driver.
- Farmers Insurance offers discounts including mature driver, distant student, homeowner, bundle discounts, alternative fuel, switch companies, and multi-car.
- Progressive policyholders can earn discounts including multi-vehicle, multi-policy, continuous coverage, online signing, online quote discount, and homeowner.
Before purchasing a policy, check with all companies you are considering how you can save money. A few discounts might not be offered in your state. To see a list of providers who offer discounts in Albuquerque, click this link.
Compare rate quotes but buy from a local Albuquerque insurance agent
Many drivers would rather buy from a local agent and that can be a smart move A good thing about comparing insurance prices online is that drivers can save money and get cheaper prices and also buy local.
Once you complete this quick form, the quote information is submitted to participating agents in Albuquerque who will return price quotes for your business. There is no reason to find an agent on your own since price quotes are sent straight to your inbox. You can most likely find cheaper rates and an insurance agent to talk to. If you need to quote rates from one company in particular, just navigate to their website and give them your coverage information.
Finding a good insurance company is decision based upon more than just the price. Get answers to these questions too.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Will they take your side in the event of a claim?
- How will an accident affect your rates?
- Does the company have a local claim office in Albuquerque?
- Which family members are covered?
- Does the agency have a good rating with the Better Business Bureau?
- Where would your vehicle be repaired?
Types of car insurance agents in Albuquerque
If you want a good Albuquerque insurance agent, you should know the different types of agencies that differ in how they can insure your vehicles. Agencies in Albuquerque may be either independent or exclusive depending on the company they work for.
Agents that choose to be exclusive have only one company to place business with such as Farmers Insurance or State Farm. Exclusive agencies are unable to provide prices from multiple companies so always compare other rates. Exclusive agents are usually well trained on their company's products which helps overcome the inability to quote other rates. A lot of people buy from the same agent for years partially due to the brand name and strong financial ratings.
Below are Albuquerque exclusive insurance agencies who may provide you with rate quotes.
- Rick Buckner - State Farm Insurance Agent
9601 Sage Rd SW d - Albuquerque, NM 87121 - (505) 833-9596 - View Map
- Rosendo Aragon - State Farm Insurance Agent
1808 Lomas Blvd NW b - Albuquerque, NM 87104 - (505) 247-2921 - View Map
- Jesse Dompreh - State Farm Insurance Agent
5850 Eubank NE, Ste B34 - Albuquerque, NM 87111 - (505) 294-4422 - View Map
Agents that choose to be independent do not have single company limitations so they can write business through many companies and possibly get better coverage at lower prices. To move your coverage to a new company, an independent agent can move your coverage without you having to go to a different agency.
When shopping rates, you should always compare quotes from several independent insurance agents to have the most options to choose from. Most have the option of insuring with additional companies that you may not be familiar with which can be an advantage.
The following is a short list of independent insurance agencies in Albuquerque that can give you comparison quotes.
- Sunset Insurance Corporation
1905 San Mateo Blvd NE - Albuquerque, NM 87110 - (505) 247-2578 - View Map
- J. B. Martin Insurance Agency
8500 Menaul Blvd NE #345 - Albuquerque, NM 87112 - (505) 888-8846 - View Map
- Cress Insurance
6101 Moon St NE #1000 - Albuquerque, NM 87111 - (505) 822-8114 - View Map
Auto insurance savings summarized
Throughout this article, we presented many tips how you can compare Nissan Altima insurance rates in Albuquerque. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may even discover the best rates are with some of the smallest insurance companies.
Lower-priced auto insurance in Albuquerque is definitely available both online and also from your neighborhood Albuquerque agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who may not offer online quoting and these smaller companies sell through independent insurance agencies.
Insureds change insurance companies for a number of reasons such as delays in responding to claim requests, lack of trust in their agent, high prices and even not issuing a premium refund. Whatever your reason, choosing a new company is pretty easy and you might even save some money in the process.
To read more, link through to the following helpful articles:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates for a Toyota Tacoma in New Mexico? (FAQ)
- Which Company has the Cheapest Car Insurance in Chaparral, NM? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Auto Insurance 101 (About.com)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Top Signs Your Brakes are Giving Out (State Farm)