Compare the Cost of Nissan Altima Insurance by Model Year and Company

As per MoneyGeek’s research, the average Nissan Altima insurance cost is $1,323 per year. This rate is $104 less than the insurance price for the average car model. To get the best possible deals, you should ideally shop around and compare quotes.

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To find the most affordable Nissan Altima insurance quotes, you should get rates from multiple insurers. Different companies offer different premiums for the same car model. The cheapest provider can change depending on your driver profile and car model year.

Key Takeaways

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The average Nissan Altima insurance cost is $1,323 per year, compared to $1,427 for the average car model.

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Nissan Altima insurance rates can vary by $617 per year, depending on the provider.

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Nissan Altima insurance quotes can change as much as $431 per year based on how old your car is. Typically, insurance prices are lower for older models.

How Much It Costs to Insure a Nissan Altima and the Cheapest Company

Your choice of company has a big effect on your Nissan Altima insurance rates. The average cost to insure this model is $1,323 per year. USAA offers the cheapest car insurance for a Nissan Altima, at $1,051 annually. On the other hand, Allied is the costliest carrier, with an average annual premium of $1,668. Thus, you can save as much as $617 per year by comparing quotes.

The Average Annual Cost of Nissan Altima Insurance by Company

MoneyGeek gathered information about car insurance quotes using a sample driver profile. The driver has 100/300/100 liability insurance with collision and comprehensive coverage.

The Average Cost to Insure a Nissan Altima by Company

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Is a Nissan Altima Expensive to Insure?

Insurance companies use many factors to calculate the insurance cost for a given model. Rates are higher for expensive models, those with high theft rates and cars with high horsepower, which may increase their chances of involvement in a crash.

Nissan Altimas are relatively inexpensive to insure, as they are affordable cars without much horsepower. Potential repair costs are quite low, and the car is less likely to get involved in an accident than many other models. These factors account for its relatively cheap insurance price.

The Best Car Insurance Company for a Nissan Altima

Besides cost, there are other important factors to consider while selecting a provider. For instance, MoneyGeek’s scoring system used criteria like financial stability, customer satisfaction, affordability and customer complaints to rank the best car insurance companies for a Nissan Altima.

According to the study, USAA is the best insurance company for a Nissan Altima. However, it serves only former and current military personnel and their families. GEICO is the best option for people with no military ties.


1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:87

4.8/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
State Farm
Score:82

4.2/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
Progressive
Score:80

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Nissan Altima by Model Year

Older versions of a Nissan Altima are generally cheaper to insure. This is because a car’s value reduces over time, and as a result, comprehensive and collision insurance become less expensive. Car insurance prices are an average of $1,038 per year for a 2005 Nissan Altima and an annual average of $1,469 for a 2020 model. The difference is $431 per year, depending on the age of your car. 

Different providers may offer cheaper options based on the model year. The cheapest average car insurance policy for a 2020 Nissan Altima is provided by USAA, at $1,114 yearly. You can browse the rates for your model year offered by different companies since the cheapest carrier can change depending on the year.

The Average Cost to Insure a Nissan Altima by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,114
    $1,125
    $1,169
    $1,075
    $1,056
    $896
    $924
  • 2.
    $1,199
    $1,120
    $1,206
    $1,194
    $1,166
    $995
    $905
  • 3.
    $1,443
    $1,416
    $1,397
    $1,374
    $1,331
    $1,139
    $968
  • 4.
    $1,419
    $1,416
    $1,375
    $1,359
    $1,340
    $1,159
    $1,046
  • 5.
    $1,464
    $1,519
    $1,634
    $1,651
    $1,620
    $1,298
    $1,186

How Expensive Is It to Insure a Nissan Altima Compared to Other Cars?

A Nissan Altima is relatively inexpensive to insure compared to other car models. The average Nissan Altima insurance cost is $1,323 per year, compared to $1,427 across all models in MoneyGeek’s data.

How Much It Costs to Insure a Nissan Altima for 16- to 25-Year-Olds

Young drivers usually pay higher insurance rates because they’re inexperienced on the road. To insure a Nissan Altima, an 18-year-old driver needs to pay $4,319 per year on average, compared to $1,323 for the average 40-year-old driver. You can find the rates of car insurance for young drivers aged 16–25 below.

Teens and their parents can save costs by sharing a single car insurance policy, as it can be very expensive for teen drivers to purchase coverage on their own.

The Average Cost to Insure a Nissan Altima by Driver Age

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  • 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

How Does Location Affect the Cost of Nissan Altima Insurance?

While the prices referenced on this page are based on national averages, your residential location can have a significant impact on your car insurance rates. You can learn more about the car insurance costs in individual states with MoneyGeek’s state page analysis.

FAQs About Nissan Altima Insurance

To help consumers make an educated buying decision, MoneyGeek answers frequently asked questions about Nissan Altima insurance quotes and coverages.

Read More About Car Insurance

Methodology

MoneyGeek collected thousands of insurance rates for a Nissan Altima 2.5S across all available model years. Quotes are for a full coverage policy with:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.