Want to know an easy way to compare lower-priced Nissan Altima insurance in Knoxville? Having to pay for expensive car insurance in Knoxville can drain your personal savings and force you to cut corners elsewhere. Comparing cost estimates is a smart way to lower your bills every month.
Amazingly, the majority of drivers have purchased from the same company for more than four years, and almost 40% of drivers have never compared rates with other companies. Many consumers in Knoxville could save themselves approximately $475 a year just by getting comparison quotes, but they won't spend time to find affordable insurance by shopping around. Insurance companies such as State Farm and GEICO all claim big savings, bombarding you with ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
If you are insured now or are just looking to switch companies, you can use this information to save money and possibly find even better coverage. Choosing the best insurance company for you in Knoxville is actually not that difficult if you follow our advice. Comparison shoppers just have to know the fastest way to compare rate quotes online from multiple companies.
Companies offering Nissan Altima insurance in Tennessee
The companies shown below have been selected to offer price quotes in Knoxville, TN. If multiple providers are shown, we suggest you visit as many as you can to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$192||$368||$304||$18||$90||$972||$81|
|Altima 2.5 S 4-Dr Sedan||$118||$274||$304||$18||$90||$804||$67|
|Altima Hybrid 4-Dr Sedan||$158||$296||$272||$16||$82||$824||$69|
|Altima 2.5 S 2-Dr Coupe||$134||$274||$368||$22||$110||$908||$76|
|Altima 3.5 SR 4-Dr Sedan||$152||$320||$350||$20||$104||$946||$79|
|Altima 3.5 SR 2-Dr Coupe||$150||$362||$424||$26||$126||$1,088||$91|
|Get Your Own Custom Quote Go|
Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in vehicle location which can raise or lower price quotes noticeably.
Reckless driving habits raise auto insurance rates
The illustration below illustrates how traffic citations and accidents can drive up Nissan Altima car insurance rates for different categories of driver ages. The data is based on a single female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
How high should deductibles be?
The illustration below demonstrates how deductibles and can influence Nissan Altima insurance costs for each age group. The premiums are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
Should you buy full coverage?
The information below illustrates the comparison of Nissan Altima insurance costs with and without full coverage. The data is based on no claims or driving violations, $500 deductibles, single female driver, and no other discounts are factored in.
When to switch to liability coverage only
There is no specific rule of when to stop paying for physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's say your Nissan Altima replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $8,000 after the deductible is paid. If premiums are more than $800 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are some cases where dropping full coverage is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Why You Might Pay Inflated Rates in Knoxville
Many factors are used in the calculation when quoting car insurance. Most are fairly basic such as traffic violations, although some other factors are less apparent like where you live or your financial responsibility.
- Men drivers tend to cost more - Over the last 50 years, statistics have shown that females tend to be a little less risky than males. However, this does not mean males are worse at driving than females. They both tend to get into at-fault accidents at about the same rate, but guys get into accidents with more damage. Men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.
- Insurance premiums and vehicle performance - The type of car you need insurance for makes a significant difference in determining your rates. The best insurance prices tend to be for lower performance four cylinder passenger cars, but that's not the only thing that factors into the final price. Since the Nissan Altima is a sedan, rates will be about the same than the average rate where you live in Knoxville.
- Incidental coverages that aren't used - There are quite a few extra bells and whistles that can add up when buying insurance. Insurance for things like rental car reimbursement, death and dismemberment, and extra life insurance coverage may not be needed and are just wasting money. These may sound like a good investment when buying your policy, but if you don't need them think about removing them and cutting costs.
- Don't cut corners with liability coverage - A critical coverage on your policy, liability insurance provides coverage in the event that you are responsible for causing damage or personal injury in an accident. It provides for a legal defense starting from day one. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
- Being married is a good thing - Being married actually saves money on your policy. Having a significant other translates into being more mature and statistics show drivers who are married are more cautious.
- Gaps in coverage mean higher insurance rates - Allowing your coverage to lapse is a quick way to increase your insurance rates. Not only will rates go up, being ticketed for driving with no insurance may earn you a steep fine or even jail time.
- Accidents are costly - Good drivers pay lower auto insurance prices as compared to careless drivers. Having just one citation can boost insurance rates by as much as twenty percent. Drivers who have received dangerous citations such as DUI or reckless driving might be required by their state to submit a SR-22 form with their state's department of motor vehicles in order to prevent a license revocation.
- Insurance loss data for a Nissan Altima - Insurance companies take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium rate. Models that tend to have higher frequency or amount of claims will have increased rates.
The table below demonstrates the collected loss data for Nissan Altima vehicles. For each type of coverage, the claim amount for all vehicles averaged together equals 100. Percentage values below 100 suggest a positive loss record, while numbers that are greater than 100 indicate higher probability of having a loss or tendency to have higher losses.
Nissan Altima Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Nissan Altima 110 97 119 144 147 114
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance discounts help lower rates for Nissan Altima insurance in Knoxville
Car insurance is expensive, but there could be significant discounts to help offset the cost. Some trigger automatically at quote time, but some discounts are required to be asked about before being credited.
- Paperwork-free - A few car insurance companies will provide an incentive for buying your policy online.
- Accident Free - Insureds who avoid accidents and claims can earn big discounts in comparison with bad drivers.
- Smart Student Discounts - A discount for being a good student may save as much as 25% on a Knoxville car insurance quote. The discount lasts well after school through age 25.
- Drive Safe and Save - Drivers who avoid accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
- Club Memberships - Having an affiliation with a professional or civic organization is a good way to get lower rates when getting a Knoxville car insurance quote.
- Low Miles Discount - Driving less could qualify for slightly better car insurance rates than normal.
- Government Employees - Active or retired federal employment could cut as much as 10% off with a few car insurance companies.
- Telematics Data - Drivers that enable their company to study when and where they use their vehicle by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates as long as they are good drivers.
- Multiple Policy Discount - If you can bundle your home and auto insurance with one insurance company you could save approximately 10% to 15%.
Just know that most discount credits are not given to the whole policy. Most cut specific coverage prices like medical payments or collision. Even though it may seem like adding up those discounts means a free policy, car insurance companies aren't that generous.
To choose car insurance companies that have a full spectrum of discounts in Tennessee, follow this link.
Auto insurance quotes from neighborhood Knoxville auto insurance agents
Some consumers would prefer to have an agent's advice and that is a personal choice. Good insurance agents are highly skilled in risk management and help submit paperwork. One of the great benefits of getting free rate quotes online is you can get cheap rate quotes and also buy local. Buying from and supporting local insurance agents is important particularly in Knoxville.
To make it easy to find an agent, after completing this quick form, the coverage information gets sent to insurance agents in Knoxville that can provide free Knoxville car insurance quotes for your coverage. You won't even need to even leave your home because prices are sent straight to your inbox. In the event you want to compare rates from a particular provider, you just need to navigate to their website and give them your coverage information.
Exclusive or Independent: There is a difference
If you prefer to buy auto insurance from a good insurance agency, there are two different agency structures from which to choose. Auto insurance policy providers can be described as either independent (non-exclusive) or exclusive. Either one can insure your vehicles, but it's a good idea to understand the difference between them since it could factor into buying decisions.
Independent Agencies or Brokers
Independent agents are not required to write business for one company so they can insure your vehicles through lots of different companies and get you the best rates possible. If your agent finds better pricing, your policy is moved internally and that require little work on your part. When comparing auto insurance prices, you should always compare prices from several independent insurance agents to get the best comparison.
Featured below is a partial list of independent agents in Knoxville that may be able to give you cheap rate quotes.
Agents that choose to be exclusive can only quote rates from one company such as AAA, Allstate, and State Farm. These agents are unable to give you multiple price quotes so they are skilled at selling on more than just price. These agents are trained well on their company's products and that enables them to sell even at higher rates.
The following is a list of exclusive agents in Knoxville that can give you comparison quotes.
Finding the right insurance agency requires you to look at more than just a cheap price quote. Here are some questions you should ask.
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How long have they worked with personal auto insurance coverage?
- Do they offer claims assistance after hours?
- How is replacement cost determined on your vehicle?
- How often do they review policy coverages?
- Do they have designations such as AIC, CPCU, or CIC?
- What insurance companies do they recommend if they are an independent agent?
- Where would your vehicle be repaired?
After you get acceptable answers to any questions you may have as well as cheaper Altima insurance quotes, chances are good that you have found a car insurance agent that is a good match to properly insure your vehicles.
A little work can save a LOT of money
You just read some good ideas how to compare Nissan Altima insurance car insurance rates in Knoxville. The key thing to remember is the more quotes you get, the higher the chance of saving money. Consumers may even find the most savings is with some of the lesser-known companies. They may have significantly lower premium rates on certain market segments compared to the large companies like State Farm or Progressive.
When you buy Knoxville car insurance online, make sure you don't buy poor coverage just to save money. There have been many situations where an accident victim reduced collision coverage only to find out they didn't have enough coverage. The ultimate goal is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
To learn more, link through to these articles:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for a Ford F-150 in Tennessee? (FAQ)
- Who Has Affordable Car Insurance Rates for a Chevrolet Equinox in Tennessee? (FAQ)
- How Much is Auto Insurance for Used Cars in Tennessee? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Driving in Bad Weather (Insurance Information Institute)