Do you want to learn how to find more competitive Nissan Altima insurance in Miami? Having to pay for expensive insurance in Miami can consume your bank account and force you to cut corners elsewhere. Comparison shopping can help to tighten up your finances.
It’s an obvious statement that auto insurance companies don’t want you quoting rates from other companies. Consumers who shop around will, in all likelihood, buy a new policy because the odds are good of finding a lower-priced company. A study discovered that drivers who routinely compared quotes saved approximately $70 a month as compared to drivers who never shopped for cheaper rates.
If finding budget-friendly rates on car insurance in Miami is your objective, knowing the best ways to find and compare insurance can save time, money, and frustration.
Insurance companies such as Progressive, GEICO and Farmers Insurance all claim big savings with catchy ads and it is difficult to see past the geckos and flying pigs and find the best price available.
It’s a good idea to get comparison quotes before your policy renews since prices are rarely the same from one policy term to another. Just because you had the lowest rates on Nissan Altima insurance in Miami on your last policy the chances are good that you can find a lower premium rate today. You can search a lot of Altima insurance out there, but by reading this article, you’re going to learn the best ways to slash your insurance rates in Miami.
Low cost Nissan Altima insurance prices in Miami, Florida
To find the best car insurance rates, there are several ways to compare quotes from car insurance companies in your area. The recommended way to compare rates consists of obtaining rate quotes online.
Comparison shopping rates online is easy and it makes it obsolete to physically go to insurance agencies in your area. Quoting and buying Nissan Altima insurance online reduces the need to sit down with an agent unless you prefer the extra assistance of a local agent. However, consumers can get the lowest quotes online and still use a local agent. Just remember that comparing a wide range of rates helps increase your odds of locating the best price.
The providers in the list below are our best choices to provide comparison quotes in Florida. If your goal is to find cheaper car insurance in Miami, we recommend you visit two to three different companies in order to get a fair rate comparison.
Insurance just makes sense
Even though Miami Altima insurance rates can get expensive, maintaining insurance serves an important purpose.
- Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection if you don’t want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Nissan, most banks will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may insure your Nissan at an extremely high rate and require you to reimburse them for the expensive policy.
- Insurance protects both your Nissan Altima and your assets. It will also cover all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your insurance policy will cover the repair costs.
The benefits of carrying adequate insurance more than offset the price you pay, particularly if you ever have a claim. Despite what companies tell you, the average driver overpays more than $869 every year so compare rates at least once a year to make sure the price is not too high.
Rates and other information
The coverage information shown below covers detailed analysis of insurance coverage prices for Nissan Altima models. Having a good understanding how policy premiums are determined can help drivers make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
| Altima 2.5 S 4-Dr Sedan | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Altima Hybrid 4-Dr Sedan | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Altima 2.5 S 2-Dr Coupe | $224 | $402 | $472 | $28 | $142 | $1,268 | $106 |
| Altima 3.5 SR 4-Dr Sedan | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Altima 3.5 SR 2-Dr Coupe | $224 | $464 | $472 | $28 | $142 | $1,330 | $111 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in specific garaging location which can revise auto insurance rates considerably.
Analysis of deductible levels
A question often asked by Miami drivers is the level to set your comp and collision deductibles. The comparison tables below sum up the differences in premium rates of buying low and high insurance deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $358 | $648 | $418 | $24 | $124 | $1,597 | $133 |
| Altima 2.5 S 4-Dr Sedan | $358 | $764 | $418 | $24 | $124 | $1,713 | $143 |
| Altima Hybrid 4-Dr Sedan | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Altima 2.5 S 2-Dr Coupe | $406 | $764 | $472 | $28 | $142 | $1,837 | $153 |
| Altima 3.5 SR 4-Dr Sedan | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Altima 3.5 SR 2-Dr Coupe | $406 | $880 | $472 | $28 | $142 | $1,953 | $163 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $262 | $438 | $418 | $24 | $124 | $1,266 | $106 |
| Altima 2.5 S 4-Dr Sedan | $262 | $516 | $418 | $24 | $124 | $1,344 | $112 |
| Altima Hybrid 4-Dr Sedan | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Altima 2.5 S 2-Dr Coupe | $296 | $516 | $472 | $28 | $142 | $1,454 | $121 |
| Altima 3.5 SR 4-Dr Sedan | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Altima 3.5 SR 2-Dr Coupe | $296 | $594 | $472 | $28 | $142 | $1,532 | $128 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in garaging location in Miami which can revise rates substantially.
Using the premium rates above, we can conclude that using a $100 deductible could cost the average driver approximately $32 more each month or $384 every year across all Nissan Altima models than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at least 13 months between claim filings, you would save more money if you choose the higher deductible.
The example below demonstrates how deductibles and can impact Nissan Altima insurance premiums for different ages of insureds. The rate quotes are based on a married male driver, comp and collision included, and no discounts are applied to the premium.
How much more does full coverage cost?
The example below visualizes the comparison of Nissan Altima auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data assumes no claims, a clean driving record, $100 deductibles, single marital status, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no exact rule of when to exclude full coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s assume your Nissan Altima claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $8,000 after paying your deductible. If you are paying in excess of $800 a year for full coverage, then you may want to consider only buying liability coverage.
There are some conditions where only buying liability is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Check for these money saving discounts
Some insurers do not advertise every discount available very well, so the next list breaks down some of the more common and the harder-to-find credits available to lower your premiums when you buy Miami auto insurance online. If you do not double check each discount possible, you’re paying more than you need to.
- Senior Citizen Rates – Mature drivers may qualify for a small decrease in premiums.
- College Student Discount – Kids who attend college more than 100 miles from Miami and don’t have a car can receive lower rates.
- No Accidents – Good drivers with no accidents pay less compared to drivers with a long claim history.
- Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% depending on your company.
- Discount for Life Insurance – If the company offers life insurance, you could get a lower premium rate if you buy some life insurance in addition to your auto policy.
- Seat Belts Save – Drivers who require all occupants to buckle up can save 10% or more on the medical payments or PIP coverage costs.
- Discount for Swiching Early – Some larger companies provide a discount for buying a new policy prior to your current Altima insurance policy expiring. Ten percent is about the average savings.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but some companies like Progressive, State Farm and GEICO will turn a blind eye to one accident without getting socked with a rate hike if you are claim-free for a specific time period.
- Policy Bundle Discount – If you insure your home and vehicles and insure them with the same company you may earn over 10 percent off each policy depending on the company.
Please keep in mind that most discount credits are not given to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you aren’t that lucky.
The chart below shows the comparison of Nissan Altima insurance premiums with and without discounts applied to the policy rates. The price estimates are based on a male driver, no accidents, no driving violations, Florida 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 homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.
The best car insurance companies and some of the premium reductions they offer are detailed below.
- Mercury Insurance has savings for good student, good driver, type of vehicle, ease of repair, age of vehicle, and location of vehicle.
- Farmers Insurance has discounts for electronic funds transfer, mature driver, bundle discounts, multi-car, homeowner, youthful driver, and alternative fuel.
- Farm Bureau may have discounts that include multi-vehicle, youthful driver, multi-policy, 55 and retired, and renewal discount.
- State Farm offers discounts for multiple autos, defensive driving training, accident-free, good driver, passive restraint, and driver’s education.
- Allstate may offer discounts for utility vehicle, early signing, FullPay discount, good payer, EZ pay plan discount, and teenSMART discount.
- GEICO includes discounts for air bags, daytime running lights, emergency military deployment, membership and employees, and seat belt use.
It’s a good idea to ask each company or agent which discounts you qualify for. Savings may not apply to policies in your area. To choose car insurance companies with the best discounts in Miami, click here.
Exclusive versus independent insurance agents
A small number of people just prefer to get professional advice from a licensed agent and that is not a bad decision The best thing about comparing rate quotes online is you may find better rates and still have a local agent.
To find an agent, once you fill out this short form, the quote information is emailed to participating agents in Miami who will gladly provide quotes for your coverage. You won’t need to leave your computer since rate quotes are delivered instantly to you. You can get cheaper insurance rates AND a local agent. If for some reason you want to get a comparison quote from a specific insurance company, you just need to go to their quote page and give them your coverage information.
Finding the right company needs to be determined by more than just a cheap price. Some important questions to ask are:
- Do they get paid more for recommending certain coverages?
- Do they regularly work with personal auto policies in Miami?
- Which insurance company do they prefer to write with?
- Are aftermarket or OEM parts used to repair vehicles?
- Which members of your family are coverage by the policy?
- Is there a Errors and Omissions policy in force?
- Do they assist clients in filing claims?
- Does the company have a local claim office in Miami?
What types of auto insurance agents are in Miami?
If you want to use a local insurance agency, it’s important to understand the different types of agents and how they differ in how they can insure your vehicles. Insurance agencies in Miami can be categorized as either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
These agents can only place business with one company and examples are State Farm or Allstate. These agents are not able to compare other company’s rates so they have to upsell other benefits. They are trained well on their company’s products and that can be a competitive advantage.
The following is a short list of exclusive agencies in Miami that are able to give comparison quotes.
Rick Gonzalez – State Farm Insurance Agent
8830 Coral Way – Miami, FL 33165 – (305) 226-3412 – View Map
Mario Obregon – State Farm Insurance Agent
6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667 – View Map
State Farm: Carlos Luis
6001 Bird Rd – Miami, FL 33155 – (305) 663-2300 – View Map
Independent Agents
Independent agents are not employed by any specific company so they can quote policies amongst many companies and find you cheaper rates. If they find a cheaper price, they simply move the coverage in-house which makes it simple for you.
When comparing insurance prices, you absolutely need to contact a few independent agents to get the best comparison.
Shown below are independent insurance agencies in Miami who can help you get comparison quotes.
Beck and Lo’s Insurance Agency
3636 NW 36th St – Miami, FL 33142 – (305) 634-3306 – View Map
Leading Insurance Agency
1733 SW 22nd St – Miami, FL 33145 – (305) 857-0075 – View Map
Eguino and Associates Insurance Agency, Inc.
7229 SW 24th St – Miami, FL 33155 – (305) 266-1700 – View Map
You are unique and your auto insurance should be too
When selecting a policy, there really is not a one-size-fits-all type of policy. Every situation is different and your auto insurance should unique, too.
For instance, these questions may help you determine if you would benefit from an agent’s advice.
- Is my babysitter covered when using my vehicle?
- Am I covered if I have no license?
- Why am I required to buy liability insurance?
- Should I put collision coverage on all my vehicles?
- How much will a speeding ticket raise my rates?
- Should I buy only the required Florida minimum liability coverage?
- How long can I keep a teen driver on my policy?
- Is my cargo covered for damage or theft?
- Is my Nissan Altima covered for flood damage?
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.
In Summary
In this article, we covered a lot of tips how to save on Nissan Altima insurance in Miami. The most important thing to understand is the more times you quote, the higher your chance of finding affordable Miami auto insurance quotes. Drivers may even discover the most savings is with a small mutual company. Smaller companies may have significantly lower premium rates on certain market segments than their larger competitors like Progressive or GEICO.
As you go through the steps to switch your coverage, never buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. The proper strategy is to purchase plenty of coverage for the lowest price, but do not skimp to save money.
How to find more affordable Nissan Altima insurance in Miami
The best way we recommend to find lower priced auto insurance rates is to start comparing rates regularly from insurers who provide car insurance in Miami. This can be done by completing these steps.
- Try to understand what coverages are included in your policy and the things you can change to prevent rate increases. Many rating criteria that cause rate increases such as traffic violations and a low credit score can be improved by making minor driving habit or lifestyle changes.
- Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from multiple insurance companies.
- Compare the new quotes to the premium of your current policy to see if switching to a new carrier will save money. If you can save some money and make a switch, make sure coverage does not lapse between policies.
- Tell your current company to cancel the current policy. Submit a down payment along with a completed application to the new company. As soon as you can, store the proof of insurance certificate in an accessible location in your vehicle.
One thing to point out is that you’ll want to make sure you compare the same amount of coverage on each quote request and to quote with every insurance company. This guarantees a fair price comparison and a complete rate analysis.
More detailed auto insurance information can be found in the articles below:
- Neck Injury FAQ (iihs.org)
- How Much are Miami Car Insurance Rates for a Toyota RAV4? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Insuring a Leased Car (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)