Compare 2003 Nissan Maxima Insurance Quotes

Searching for lower insurance rates for your Nissan Maxima? Are you kicking yourself for buying an overpriced insurance policy? Don’t feel bad because many consumers are feeling buyer’s remorse and feel like there’s no way out. Because there are so many companies and agents to choose from, it can be diffult for people to pick the lowest price insurance company.

Save a ton by applying discounts

Auto insurance companies don’t always advertise the complete list of policy discounts very clearly, so the list below gives a summary of both the well known as well as the least known discounts that may be available.

  • Save with a New Car – Buying insurance coverage on a new vehicle may earn a small discount compared to insuring an older model.
  • Telematics Data – Drivers who agree to allow companies to scrutinize driving manner through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they show good driving skills.
  • Multi-policy Discount – If you have multiple policies with one insurance company you could save as much as 10 to 15 percent.
  • Homeowners Savings – Just being a homeowner can save you money because it requires personal responsibility.
  • Accident Forgiveness – but certain companies permit an accident before they charge you more for coverage if you are claim-free prior to being involved in the accident.
  • E-sign – Some companies may give you up to $50 just for signing your application online.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
  • Resident Student – who live away from home at college and do not have access to a covered vehicle may qualify for this discount.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.

A quick disclaimer, most discount credits are not given the the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

If you would like to see a list of companies with the best discounts, click this link.

Ways to get insurance price quotes

Finding more affordable insurance rates is a fairly straight forward process. The only thing you need to do is take a couple of minutes comparing price quotes to discover which company has low cost auto insurance quotes. Shoppers can get rates using one of these methods.

  1. The fastest and easiest way consumers can analyze rates would be an industry-wide quote request form click here to open form in new window. This type of form saves time by eliminating repetitive form submissions for each company. Just one form will get you price quotes from multiple companies.
  2. A harder way to shop for insurance online is going to each individual company website and get a separate price quote. For examples sake, let’s say you want to compare Auto-Owners, State Farm and Farmers. You would be required to spend time going to each site individually and punch in your information repeatedly, and that explains why we recommend the first method.

    For a list of links to companies insuring cars in your area, click here.

  3. The old school method to shop rates is going to different agent offices. Quoting online makes this unnecessary unless your situation requires the extra assistance that you can only get from talking to an agent. If you prefer, some companies allow you to compare the best prices online but still have the advice of a local agent.

However you get your quotes, try to use equivalent coverage limits on every price quote you get. If your comparisons have mixed coverages you will not be able to determine the best price for your Nissan Maxima.

Nissan Maxima insurance rate factors

The best way to find cheaper auto insurance is to take a look at the different types of things that are used to determine your premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that can earn you cheaper rates.

Listed below are a few of the things auto insurance companies consider when setting premiums.

  • How’s your driving record? – Your driving record can have a huge impact on auto insurance premiums. Good drivers get better prices as compared to those with violations. Even a single speeding ticket may cause rates to rise twenty percent or more. Drivers who have gotten license-revoking citations like DUI or reckless driving may find they need to submit a SR-22 form with their state’s licensing department in order to keep their license.
  • Premiums are affected by your credit history – Having a bad credit score factor in your rate calculation. Therefore, if your credit score can use some improvement, you could be paying less to insure your 2003 Nissan Maxima by taking the time to improve your credit score. Insureds with very good credit scores tend to be less risk to insure than drivers with worse credit.
  • Having a spouse brings a discount – Your spouse may earn you lower rates on your policy. Having a spouse is viewed as being more stable financially and it’s statistically proven that married drivers get in fewer accidents.
  • Prices may be lower depending on your vocation – Did you know your occupation can influence how much you pay for auto insurance? Occupations like doctorspolice officers and stock brokers are shown to have higher premiums than the average policyholder due to stressful work requirements and lots of time spent away from family. On the flip side, jobs like scientists, students and retirees pay lower than average rates on Maxima coverage.
  • Higher deductibles are cheaper – Physical damage coverage, aka comp and collision, is used to repair damage to your Nissan. A few examples of covered claims are colliding with a building, damage from fire, and having your car stolen. Comp and collision deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. The more expense the insured is willing to pay, the better rate you will receive on Maxima coverage.

Your insurance coverage should be tailored to you

When it comes to buying coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can help discover if you would benefit from professional advice.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is my state a no-fault state?
  • Do I need medical payments coverage since I have good health insurance?
  • What is UM/UIM insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • How do I file an SR-22 for a DUI in my state?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Insurance coverages 101

Learning about specific coverages of a insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Auto liability

Liability insurance will cover damage that occurs to a person or their property. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like repair costs for stationary objects, legal defense fees, medical services, structural damage and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like rolling your car, scraping a guard rail, colliding with another moving vehicle, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for expenses like X-ray expenses, surgery, doctor visits and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hail damage, a tree branch falling on your vehicle, rock chips in glass and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

One last thing about your coverage

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. In many cases, an accident victim reduced liability coverage limits and discovered at claim time that the savings was not a smart move. Your strategy should be to get the best coverage possible for the lowest price but still have enough coverage for asset protection.

Throughout this article, we presented quite a bit of information on how to save on 2003 Nissan Maxima insurance. The key thing to remember is the more times you quote, the higher your chance of finding inexpensive auto insurance. Drivers may discover the lowest priced auto insurance comes from a small mutual company. Regional companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.

Additional information