A recent NerdWallet.com study revealed that over 70% of consumers kept their policy with the same company for a minimum of four years, and nearly 40% of drivers have never quoted rates to find affordable coverage. Minnesota insurance shoppers could save themselves roughly $1,040 a year by just shopping around, but they don’t understand how simple it is to compare rates.
Really, the only way to get low-cost Nissan Altima insurance in Minneapolis is to annually compare prices from insurance carriers who sell auto insurance in Minnesota.
Step 1: Spend a few minutes and learn about coverages and the steps you can take to prevent high rates. Many policy risk factors that result in higher rates like getting speeding tickets and a not-so-good credit history can be controlled by making small lifestyle or driving habit changes.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from multiple sources.
Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you can save money, make sure coverage does not lapse between policies.
The most important part of shopping around is that you’ll want to compare similar deductibles and liability limits on each price quote and and to analyze as many different insurance providers as possible. This ensures a level playing field and the best price selection.
Minneapolis insurance discounts
Insurance is expensive, but you might be missing out on some discounts to reduce the price significantly. Some discounts apply automatically when you purchase, but a few need to be inquired about before you will receive the discount.
- Drivers Education – Reduce the cost of insurance for teen drivers by having them complete a driver education course in school or through a local driver safety program.
- Claim-Free Discount – Claim-free drivers pay much less compared to policyholders that have many claims.
- Multiple Cars – Buying a policy with all your vehicles on the same insurance policy can get a discount for every vehicle.
- Multiple Policy Discount – If you have multiple policies with the same insurance company you may earn at least 10 to 15 percent or more.
- Discount for Low Mileage – Driving less could qualify for discounted insurance rates on garaged vehicles.
- Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you can avoid monthly service charges.
- Distant Student – Youth drivers who live away from home to go to college and won’t have access to an insured vehicle can receive lower rates.
- Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
Don’t be surprised that most of the big mark downs will not be given to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.
The chart below illustrates the comparison of Nissan Altima yearly insurance costs with and without some available policy discounts. The rates are based on a male driver, no claims, a clean driving record, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, marriage, multi-policy, and homeowner discounts applied.
A list of companies and their offered discounts are included below.
- State Farm may include discounts for good driver, Steer Clear safe driver discount, student away at school, good student, and multiple autos.
- American Family has savings for early bird, air bags, bundled insurance, Steer into Savings, and multi-vehicle.
- GEICO offers discounts for membership and employees, military active duty, daytime running lights, federal employee, and anti-lock brakes.
- 21st Century offers premium reductions for 55 and older, early bird, good student, anti-lock brakes, and homeowners.
- Progressive offers discounts including good student, continuous coverage, online signing, multi-vehicle, online quote discount, and multi-policy.
When getting free Minneapolis car insurance quotes, it’s a good idea to each insurance company to apply every possible discount. Discounts may not be offered in your state. If you would like to see a list of providers offering insurance discounts in Minnesota, click this link.
When shopping for Nissan Altima insurance in Minneapolis there are multiple ways to compare quotes from local Minneapolis auto insurance companies. The quickest method to find the lowest rates is to perform an online rate comparison. When quoting auto insurance, remember that quoting more increases your odds of finding a lower rate than you’re paying now. Some companies don’t provide Minneapolis Altima insurance quotes over the internet, so it’s recommended that you also compare rates on coverage from those companies, too.
The providers in the list below provide free quotes in Minneapolis, MN. If you want to find the best auto insurance in MN, we suggest you compare several of them to find the lowest car insurance rates.
Car insurance statistics for a Nissan Altima
The premium table displayed below highlights different insurance costs for Nissan Altima models. Being able to understand how auto insurance policy rates are calculated is important for you to make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $192 | $352 | $304 | $18 | $92 | $958 | $80 |
| Altima 2.5 S 4-Dr Sedan | $192 | $414 | $304 | $18 | $92 | $1,020 | $85 |
| Altima Hybrid 4-Dr Sedan | $216 | $414 | $304 | $18 | $92 | $1,044 | $87 |
| Altima 2.5 S 2-Dr Coupe | $216 | $414 | $344 | $20 | $104 | $1,098 | $92 |
| Altima 3.5 SR 4-Dr Sedan | $216 | $414 | $304 | $18 | $92 | $1,044 | $87 |
| Altima 3.5 SR 2-Dr Coupe | $216 | $476 | $344 | $20 | $104 | $1,160 | $97 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates considerably.
Higher deductibles save money
A question often asked by Minneapolis drivers is where to set your physical damage deductibles. The following insurance rates show the costs and benefits between low and high policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $246 | $414 | $318 | $18 | $94 | $1,115 | $93 |
| Altima 2.5 S 4-Dr Sedan | $246 | $486 | $318 | $18 | $94 | $1,187 | $99 |
| Altima Hybrid 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| Altima 2.5 S 2-Dr Coupe | $276 | $486 | $358 | $22 | $108 | $1,275 | $106 |
| Altima 3.5 SR 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| Altima 3.5 SR 2-Dr Coupe | $276 | $560 | $358 | $22 | $108 | $1,349 | $112 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $200 | $334 | $318 | $18 | $94 | $964 | $80 |
| Altima 2.5 S 4-Dr Sedan | $200 | $392 | $318 | $18 | $94 | $1,022 | $85 |
| Altima Hybrid 4-Dr Sedan | $224 | $392 | $318 | $18 | $94 | $1,046 | $87 |
| Altima 2.5 S 2-Dr Coupe | $224 | $392 | $358 | $22 | $108 | $1,104 | $92 |
| Altima 3.5 SR 4-Dr Sedan | $224 | $392 | $318 | $18 | $94 | $1,046 | $87 |
| Altima 3.5 SR 2-Dr Coupe | $224 | $452 | $358 | $22 | $108 | $1,164 | $97 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in specific location information which can influence premium rates noticeably.
Based on the data above, we can derive that using a $250 deductible will cost you approximately $14 more each month or $168 every year than buying the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 18 months between claim filings, you would probably come out ahead if you opt for a higher deductible.
The example below demonstrates how deductibles and can affect Nissan Altima premium costs for each different age category. The premiums are based on a married male driver, full coverage, and no discounts are taken into consideration.
Full coverage versus liability only rates
The example below visualizes the comparison of Nissan Altima premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The information is based on no claims or driving citations, $1,000 deductibles, single status, and no discounts are applied.
When to switch to liability coverage only
There is no definitive rule to stop buying physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Nissan Altima settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after the deductible is paid. If you are paying more than $600 a year to have full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
Everyone needs different auto insurance coverages
When quoting and comparing your policy, there is no “perfect” insurance plan. You are unique.
For instance, these questions could help you determine if you will benefit from professional help.
- Do I have any recourse if my insurance company denies a claim?
- Is my nanny covered when driving my vehicle?
- What happens if I owe more than my Nissan Altima is worth?
- Do I need PIP (personal injury protection) coverage in Minnesota?
- Am I covered if I crash into my own garage door?
- Does every company file a SR-22 automatically?
- Should I have combined single limit or split liability limits?
If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form.
Independent versus exclusive insurance agencies
Many drivers still prefer to buy from a local agent. An additional benefit of comparing rate quotes online is that you can find the best rates and still have an agent to talk to.
After completing this short form, your information is immediately sent to companies in Minneapolis who will gladly provide quotes for your insurance coverage. It’s much easier because you don’t need to find an agent on your own because prices are sent to your email. It’s the lowest rates and a licensed agent to talk to. If for some reason you want to quote rates for a specific company, you just need to go to their quote page and submit a quote form there.
Deciding on an provider needs to be determined by more than just a cheap price quote. You should also get answers to these questions.
- Do they receive special compensation for putting your coverage with one company over another?
- Does their agency support local causes in Minneapolis?
- Will they make sure you get an adequate claim settlement?
- Which insurance companies are they affiliated with?
- What kind of financial rating does the company have?
- Are they giving you every discount you deserve?
- Do they carry Errors and Omissions coverage?
When narrowing the list to find a reputable insurance agent or broker, you should know the different types of agents and how they differ in how they can insure your vehicles. Agents are considered either independent agents or exclusive agents.
Exclusive Insurance Agents
These agents can usually just insure with one company like State Farm, Allstate and AAA. They generally cannot place coverage with different providers so it’s a take it or leave it situation. They are well schooled in insurance sales which can be an advantage. Many people buy from exclusive agents primarily because of the prominent brand name instead of buying on price only.
Shown below are exclusive insurance agents in Minneapolis that can give you price quotes.
- Farmers Insurance – Steven Wolfson
1516 W Lake St Suite 203 – Minneapolis, MN 55408 – (612) 822-1287 – View Map - Allstate Insurance: Charles Fritz
2213 Johnson St NE – Minneapolis, MN 55418 – (612) 788-6279 – View Map - Farmers Insurance – Gretchen Frana
5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 – View Map
Independent Auto Insurance Agencies
Independent agencies do not write with just one company so they can insure your vehicles through many companies depending on which coverage is best. If you are not satisfied with one company, your agent can switch companies which makes it simple for you. When shopping rates, we highly recommend that you compare prices from a couple of independent agencies for maximum quote selection. Most also write with small mutual carriers who may have lower rates.
Listed below are independent insurance agents in Minneapolis that can give you rate quotes.
- Moreno Agency – Innovative Insurance
4748 Chicago Ave #2 – Minneapolis, MN 55407 – (612) 584-0077 – View Map - RJF Agencies, Inc.
7225 Northland Dr N #300 – Minneapolis, MN 55428 – (763) 746-8000 – View Map - TCF Agency Insurance Services Inc
801 S Marquette Ave – Minneapolis, MN 55402 – (612) 661-8400 – View Map
After talking to the agent and getting good feedback to your questions as well as a price you’re happy with, you may have found an insurance agent that meets the requirements to provide auto insurance coverage. Keep in mind policyholders can cancel coverage whenever you choose to so don’t assume that you are obligated to the auto insurance policy for the full term.
Quote more to save more
Some companies may not offer price quotes online and these small insurance companies only sell coverage through independent agencies. Affordable Nissan Altima insurance in Minneapolis can be found on the web and also from your neighborhood Minneapolis agents, and you should compare price quotes from both in order to have the best price selection to choose from.
As you restructure your insurance plan, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where an accident victim reduced physical damage coverage and found out when filing a claim that it was a big mistake. Your goal is to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.
People change insurance companies for a number of reasons such as policy non-renewal, extreme rates for teen drivers, lack of trust in their agent and being labeled a high risk driver. Whatever your reason, finding a new company is pretty simple and you could end up saving a buck or two.
Helpful resources
- Things to Know Before you Cancel Insurance (Allstate)
- Who Has Cheap Minneapolis Auto Insurance Rates for Good Drivers? (FAQ)
- How Much are Auto Insurance Rates for Young Drivers in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Car Insurance for Drivers with a Bad Driving Record? (FAQ)
- Who Has Cheap Minneapolis Car Insurance for a Hyundai Elantra? (FAQ)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance Quotes for Drivers Requiring a SR22? (FAQ)
- Who Has Cheap Minneapolis Car Insurance Quotes for First-time Drivers? (FAQ)
- Keeping Children Safe in Crashes Video (iihs.org)
- Credit and Insurance Scores (Insurance Information Institute)