View 2016 Nissan Maxima Car Insurance Cost

Having to pay for overpriced car insurance can take a big chunk out of your personal savings and put the squeeze on your family’s finances. Shopping your coverage around is a smart way to reduce premiums and put more money in your pocket.

Big-name insurance companies like State Farm and Geico promote their brand names with fancy advertisements and it can be hard to avoid their marketing magic and take the time to shop coverage around.

Consumers need to compare prices once or twice a year since insurance rates are constantly changing. If you had the best price on Maxima coverage a few years ago you can probably find a lower rate today. You can find a lot of misleading information regarding car insurance on the web, but with this article, you’re going to get the easiest ways to reduce your car insurance bill.

Take discounts and save

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to help bring down the price. Certain discounts will be triggered automatically when you purchase, but some must be requested specifically in order for you to get them.

  • Driver Safety – Taking a course teaching defensive driving skills can save you 5% or more depending on where you live.
  • Low Mileage – Low mileage vehicles can earn a substantially lower rate.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. This discount can apply well after school through age 25.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Resident Student – Children who live away from home and don’t have a car can receive lower rates.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course in high school.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more on Maxima coverage than less cautious drivers.
  • Memberships – Being a member of a qualifying organization is a good way to get lower rates on insurance coverage on Maxima coverage.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will bring down the amount you have to pay.

A partial list of companies that may have these discounts are:

Before buying, ask each insurance company which discounts they offer. All car insurance discounts may not apply in every state.

How to Get Cheap Insurance

Effectively comparing insurance prices can take time and effort if you don’t understand the most efficient way to do it. You could spend your day discussing policy coverages with insurance agencies in your area, or you can utilize online quoting to maximize your effort.

Most of the larger companies take part in a program where insurance shoppers send in one quote, and each company returns a competitive quote based on that information. This system prevents you from having to do repetitive form submissions to every company.

To find out how much you can save on insurance click here to start a free quote.

One minor caviat to using this type of form is you cannot specify which companies to get pricing from. So if you want to choose specific insurance companies to receive pricing from, we have a listing of low cost insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just ensure you’re using the exact same deductibles and coverage limits for every company. If you enter different limits and deductibles on each one it’s not possible to determine which rate is truly the best. Quoting even small variations in coverage limits may cause a big price difference. And when price shopping your coverage, comparing a large number of companies provides better odds of finding lower pricing.

Why your Nissan Maxima might be costing you more

It’s important that you understand the different types of things that help determine the price you pay for car insurance. Understanding what determines base rates helps enable you to make changes that could result in much lower annual insurance costs.

  • Pleasure use or commuting – The more you drive in a year’s time the higher your rate. Most companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates than vehicles that are driven to work every day. Ask your agent if your car insurance policy is showing the correct driver usage. If your policy improperly rates your Maxima may be wasting your money.
  • Do you need the policy add-ons? – There are a ton of additional coverages that can waste your money on your Maxima policy. Coverages for vanishing deductibles, accident forgiveness and additional equipment coverage may be costing you every month. These may sound like a good investment when talking to your agent, but now you might not need them so eliminate them to save money.
  • Don’t let your coverage lapse – Driving with no insurance is illegal and car insurance companies will penalize you for letting your insurance expire. And not only will your rates increase, failure to provide proof of insurance may earn you a license revocation or jail time.
  • Traffic violations increase rates – Your driving record has a huge affect on how much you pay. Drivers with clean records get better rates compared to drivers with tickets. Even a single ticket may increase your cost by twenty percent. Drivers who get flagrant violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state motor vehicle department in order to keep their license.
  • Your stress level may be raising your rates – Did you know your occupation can influence how much you pay for car insurance? Occupations such as judges, architects and financial analysts tend to pay higher average rates in part from high stress and long work days. Conversely, jobs such as scientists, engineers and performers have the lowest average rates on Maxima coverage.
  • Better crash test results mean better rates – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Nissan Maxima earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Your credit rating is important – A driver’s credit rating is a important factor in determining your rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have poor credit. Therefore, if your credit can use some improvement, you could pay less to insure your 2016 Nissan Maxima by improving your credit score.
  • Small claims can cost you – Insurance companies provide lower rates to drivers who file claims infrequently. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Auto insurance is designed for major claims that would cause financial hardship.

Which policy gives me the best coverage?

When buying the best insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your situation might need professional guidance.

  • Does liability extend to a camper or trailer?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if I crash into my own garage door?
  • What if I don’t agree with a claim settlement offer?
  • Am I covered when driving a rental car?
  • Am I covered when pulling a rental trailer?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Insurance coverages explained

Having a good grasp of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on most insurance policies.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as rolling your car, sustaining damage from a pot hole and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2016 Nissan Maxima.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Liability coverages

This coverage can cover damage that occurs to a person or their property. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like legal defense fees, court costs and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Comprehensive protection

This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as theft, hitting a bird, vandalism and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for chiropractic care, nursing services, X-ray expenses and pain medications. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

The best insurance company isn’t always the cheapest

Cost effective 2016 Nissan Maxima insurance is possible on the web in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

You just learned quite a bit of information on how to save on insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising. These smaller insurers may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

When trying to cut insurance costs, don’t be tempted to skimp on coverage in order to save money. There are too many instances where consumers will sacrifice full coverage only to discover later that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Additional detailed information can be read in these articles: