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.
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.
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 provider for the model is USAA. This is $684 per year less than the most expensive insurance 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.
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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.
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:
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.
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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.
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.
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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.
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.
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:
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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