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Is a Nissan Altima Expensive to Insure?

Although the Nissan Altima is not very expensive to insure, it is also not among the cheapest vehicles as far as concerned. As far as insurance cost of the Nissan Altima is concerned, it can be in the range of vehicles such as the Chevrolet Cruise or the Volkswagen Jetta. Typically, the Nissan Altima is a 4 door small car with an efficient engine and lots of advanced safety features. So, its insurance premium is easily affordable as you have the chance to qualify for different types of insurance discounts. And extensive shopping can save you additional dollars on the insurance premium.

However, the only factor that affects Nissan Altima’s auto insurance rates is its high theft rate. In the newer Nissan Altima versions (post 2015), the car maker has addressed the problem by providing anti-theft or security alarm but in the older models, the issue of theft is still a matter of concern. Because of higher probability of an old Nissan Altima getting stolen, auto insurance providers charge more for insurance coverage. To learn more about how much you may have to spend towards the cost of insurance for your Nissan Altima vehicle model, you can consult our experts online today!

How Much Is The Nissan Altima Car Insurance Cost By Model Year?

The average yearly insurance cost of a 2020 Nissan Altima full coverage policy is around $1,469. And the cheapest company to insure the same model is USSA which charges an average annual premium of about $1,114. As compared to the 2020 Nissan Altima model, the 2005 model is much cheaper to insure with the average insurance cost being $1,038 yearly. Car values depreciate with passing time and so do the insurance costs. Nevertheless, there has been a tremendous hike in insurance rates in the post COVID-19 era and so, the average yearly premium for Nissan Altima 2022 model is around $1,946 for a 30 year old driver. The premium will be substantially high for drivers that are less than 25 years old.

At an individual level, the premium is likely to vary depending on the driver’s age, gender, residential location, driving record and credit history. Here is some information regarding how yearly insurance rates for the Nissan Altima have varied by model years (2005 and 2016 to 2020).

Average Yearly Insurance Rates For Nissan Altima By The Model Year (For 40 year old driver)

Company 2020 model 2019 model 2018 model 2017 model 2016 model
USAA $1,114 $1,125 $1,169 $1,075 $1,056
GEICO $1,199 $1,120 $1,206 $1,194 $1,166
State Farm $1,443 $1,416 $1,397 $1,374 $1,331
Progressive $1,419 $1,416 $1,375 $1,359 $1,340
Nationwide $1,464 $1,519 $1,634 $1,651 $1,620
Allstate $2,020 $1,931 $1,844 $1,602 $1,537
Allied $1,796 $1,778 $1,833 $1,799 $1,763

Find out how much you may have to spend on Nissan Altima insurance cost based on your age, gender, driving record, etc.

How Much Is The Altima Car Insurance Cost For 16 To 25 Year Olds?

Teen and young drivers under 25 can expect to pay significantly more for insurance of Nissan Altima. For example, for an 18 year old driver, the Nissan Altima auto insurance premium may be $4,319 on an average for 12 months. At the same time, the average yearly insurance cost on Nissan Altima for a 40 year old driver may be about $1,323. The below table might give you some idea regarding car insurance rates provided to drivers belonging to the age group 16 to 25 years old for Nissan Altima.

Average Yearly Insurance Rates For Nissan Altima By The Driver Age

Age Average Annual Rates
16 $5,537
17 $4,905
18 $4,319
19 $3,094
20 $2,761
21 $2,186
22 $2,013
23 $1,842
24 $1,729
25 $1,569
40 $1,323

From the above information, it is evident that insurance rates for the Nissan Altima start declining as you grow up in age. But to qualify for the best coverage at the lowest premium rate, it is important that you maintain a clean driving slate that is free of any accident(s) or traffic violations. In addition, if you have good credit then you will be rewarded with a low sustainable insurance rate. This is because insurers consider drivers who have good credit to be more responsible drivers.

To ensure that you get the best coverage at the most affordable premium for a teen/young driver, it is worthwhile to to take up a defensive driver’s training course from some government accredited institute. And if you have maintained an average B grade or GPA of 3.0 or above then you can get an extra discount.

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5 Vital Factors That Affect The Overall Nissan Altima Insurance Cost

Here is a list of 5 vital factors that affect overall affordability of the insurance rates offered for Nissan Altima.

  1. Finding the right Insurer - The Company that you are working with is a crucial parameter to get the lowest and best auto insurance rate. So, you must shop and compare free quotes from several top rated insurers in terms of coverage features, limits as well as pricing. Our online comparison tool can enable you to compare the best cheap quote estimates within few minutes!
  2. Your residential location - Your city or town can greatly impact car insurance rates. For example, If you are a resident of Florida or New York, you will have to pay more for insurance of Nissan Altima than drivers that live in Nebraska or Ohio. Even within your residential state, the insurance rates may vary for urban and rural areas.
  3. Your age and gender - Insurance rates for Nissan Altima may vary even if you have a clean driving history as age and gender play crucial roles in calculation of premium. Teen and young drivers have to pay substantially more for Nissan Altima coverage as compared to senior drivers that are in the age group 30 to 40 years old.
  4. Safety features in car - Thankfully, the Altima has front and side airbags, blind spot detector, anti-lock braking system, etc. which makes it eligible for a special safety discount on premium. Besides, it also enjoys good safety and crash test ratings from the IIHSA. This helps in saving precious dollars.
  5. Extent of coverage sought - Premium for insurance of Nissan Altima may also vary depending on the amount of coverage that you purchase. A state prescribed minimum liability insurance coverage will be the cheapest option but it won’t cover the driver of the insured car and fellow passengers in the car at the time of an accident if they suffer bodily injuries or the vehicle gets damaged. On the other hand, a full coverage policy will also have third party liability insurance, comprehensive, collision and GAP insurance coverage features. Just make sure that the coverage limits are adequate. Personal Injury Protection (PIP)/Medical Payments coverage and Uninsured/Underinsured motorist coverage features are optional but we recommend that you buy them in sufficient limits for getting complete protection.
Is the Nissan Altima Actually A Sports Car?

Many of you may wonder whether the Nissan Altima is a sports car but you might be mistaken as it is not. Some of its styling aspects do resemble those of the trendy 370 Z series that is also produced by Nissan. Despite all this, the Altima is categorized as a 4-door sedan although the new 2.5 S series does have a “sport mode” that is basically designed for stiffening the vehicle’s suspension and not increase its speed. As a result, it is much cheaper to insure than sports vehicles.

And since the Nissan Altima is considered as a family sedan, it comes standard with advanced safety features and good safety as well as crash test ratings. Its probability of getting involved in accidents is low and so, insurers’ coverage risks are reduced. Hence, most of the car insurance providers offer special discount on premium which helps in lowering the premium.

Nissan Altima Insurance Coverage - Here Are 2 Important FAQs
On an average, drivers tend to spend $1,323 per year for insurance of the Nissan Altima. But at an individual level this cost can great vary as there are many factors that are considered for calculating the premium. These include things like a driver’s age, gender, exact residential neighbourhood, how old the vehicle is, driving record, education, marital status, credit history and much more.
No, the Nissan Altima is not that expensive to insure like many other high value cars but it is not the among the cheapest either. It has less market worth as compared to sports cars because of having a low horsepower engine but enjoys good safety and crash test ratings from the IIHS. And your ability to qualify for discounts can further bring down the cost of insurance and save money.
About the Author

Andy Walker is a content writer for the AtoZ Insurance USA who specializes in the insurance and finance niches. He has been working as a freelance writer from several years, and has experience with a variety of content writing formats. Andy is a highly skilled writer who is able to produce quality content that is both informative and engaging.

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