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Compare the Cost of Nissan Maxima Insurance by Model Year and Company
According to MoneyGeek, the average annual car insurance cost for a Nissan Maxima is $1,494. This is higher than the national average by $67, although it is lower than some luxury models such as the BMW, Audi and Tesla.
Nissan Maxima insurance rates differ from one insurance company to the next based on your car’s model year. Comparing quotes from different providers can help you get the most affordable coverage for your needs.
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Advertising & Editorial DisclosureLast Updated: 8/23/2022
Written By |
Mark Fitzpatrick
Car insurance companies charge different rates for the same car model year. When purchasing auto insurance for your Nissan Maxima, you can find cheaper deals by comparing rates across various companies.
Key Takeaways
Nissan Maxima drivers pay an average of $1,494 per year for car insurance versus the $1,427 paid for the average car model.
Based on the insurance company you choose, your Nissan Maxima insurance cost may vary by up to $684 annually.
The cost of insuring a Nissan Maxima may vary by as much as $629 per year based on the model year. The older the model, the lower the cost.
How Much It Costs to Insure a Nissan Maxima and the Cheapest Company
Based on the insurance provider you choose, Nissan Maxima insurance rates can be higher or lower than the average cost of $1,494. At an average rate of $1,185 annually, the cheapest car insurance provider for the model is USAA. This is $684 per year less than the most expensive insurance company.
The Average Annual Cost of Nissan Maxima Insurance by Company
MoneyGeek’s determined insurance company rates based on a sample driver profile. In this case, the sample coverage used includes 100/300/100 liability insurance with comprehensive and collision coverage.
The Average Cost to Insure a Nissan Maxima by Company
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- CompanyAverage Annual Rates
- 1.$1,185
- 2.$1,291
- 3.$1,433
- 4.$1,540
- 5.$1,568
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Is a Nissan Maxima Expensive to Insure?
Insurance companies consider various factors to determine their costs. The companies charge more for high-value models and those that are likely to crash or get stolen.
Insurance costs for the Nissan Maxima tend to be higher than the national average and the rates for other car models. Recent rankings from the National Highway Traffic Safety Administration show that Nissan Maxima has a high theft rate. Cars with higher-than-average theft rates are riskier to insure, resulting in higher insurance rates.
The Best Car Insurance Company for a Nissan Maxima
Aside from the cost of car insurance, there are several other factors you need to consider when purchasing coverage for your Nissan Maxima.
MoneyGeek assessed insurance companies based on affordability, customer satisfaction, financial stability and customer complaint scores. Findings from the study indicate that:
- USAA ranks as the best car insurance provider for the Nissan Maxima, but its policies are limited to active and former military members and their families.
- GEICO comes second overall and first for drivers who are not in the military.
1
USAA
Score:99
2
GEICO
Score:86
3
State Farm
Score:83
4
Nationwide
Score:80
5
Progressive
Score:77
6
Allied
Score:NaN
7
Allstate
Score:69
How Much It Costs to Insure a Nissan Maxima by Model Year
As the value of a car reduces over time, its comprehensive and collision coverage rates also decrease. A 2005 Nissan Maxima costs an average of $1,104 per year compared to the $1,733 paid by drivers with a 2020 version. Drivers can save a difference of $629 depending on their model year.
Insurance companies also charge different rates for different model years. The company with the lowest rates for a 2020 Nissan Maxima is USAA, charging $1,278 annually. You can find information about how much companies charge by scrolling to your model year below.
The Average Cost to Insure a Nissan Maxima by Model Year
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- CompanyAverage 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.$1,278$1,288$1,300$1,243$1,206$1,002$977
- 2.$1,464$1,377$1,368$1,367$1,328$1,158$978
- 3.$1,632$1,568$1,535$1,506$1,489$1,288$1,014
- 4.$1,583$1,605$1,626$1,642$1,634$1,492$1,200
- 5.$1,766$1,761$1,692$1,661$1,620$1,352$1,122
How Expensive Is It to Insure a Nissan Maxima Compared to Other Cars?
Is Nissan Maxima expensive to insure? According to MoneyGeek’s research, Nissan Maxima insurance is more expensive compared to the average cost. Drivers pay $1,494 per year, which is higher than the national average by $67. Nevertheless, the model is not the most expensive option on the market.
How Much It Costs to Insure a Nissan Maxima for 16- to 25-Year-Olds
Since younger drivers lack adequate driving experience, they pay higher rates for car insurance regardless of their car type. The cost of car insurance for an 18-year-old driving a Nissan Maxima is $4,877 per year on average. That is $3,383 more than what a 40-year-old driver pays annually.
Young drivers who wish to save on Nissan Maxima insurance costs may consider utilizing their parents' policy. This is generally cheaper than getting their own policy.
Below is the cost of car insurance for young drivers from age 16 to 25.
The Average Cost to Insure a Nissan Maxima by Driver Age
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- AgeAverage Annual Rates
- 16$6,252
- 17$5,539
- 18$4,877
- 19$3,493
- 20$3,118
How Does Location Affect the Cost of Nissan Maxima Insurance?
The costs mentioned above are based on the average across all car models. Where you live can cause the rates to increase or decrease significantly. You can find more accurate rates for individual states on our state page analysis.
FAQs About Nissan Maxima Insurance
While your car model can impact your insurance costs significantly, it is not the only factor that insurers consider when determining your rates. Below are some of the frequently asked questions about Nissan Maxima insurance rates and coverage.
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Methodology
MoneyGeek used a sample driver profile to come up with insurance provider rates for the Nissan Maxima. The driver in this scenario is a 40-year-old male with a full coverage policy providing the following limits:
- $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
Nissan Maxima drivers can use these average rates to determine how much they will be expected to pay. However, these figures do not match individual rates for each driver.
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