Cheaper 2003 Nissan Maxima Insurance Rates

I can’t think of anyone who likes paying for car insurance, particularly when they are paying too much. You have so many insurance companies to choose from, and though it is a good thing to be able to choose, so many choices can make it hard to find the lowest rates.

More discounts equal less premium

Companies do not advertise all their discounts in a way that’s easy to find, so we took the time to find both the well known as well as the least known insurance savings. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Anti-theft System – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts may earn rate discounts of 20% or more.
  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company could earn a price break for each car.
  • Own a Home – Being a homeowner can save you money because maintaining a house is proof that your finances are in order.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off for Maxima insurance with certain companies.
  • Distant Student – Youth drivers who are attending college and don’t have a car can receive lower rates.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Early Switch Discount – A few companies offer discounts for switching policies prior to your current policy expiration. It’s a savings of about 10%.
  • Low Mileage – Keeping the miles down on your Nissan can qualify you for better rates on cars that stay parked.
  • Club Memberships – Being a member of a civic or occupational organization may earn a discount when buying insurance for Maxima insurance.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky.

For a list of insurers who offer insurance discounts, follow this link.

Cheap Insurance Comparisons

Performing a rate comparison is a ton of work if you don’t know the most efficient way. You can spend your afternoon discussing policy coverages with insurance companies in your area, or you could save time and use the web to quickly compare rates.

Many companies enroll in a system that enables customers to complete one form, and each participating company then returns a price quote based on that information. This eliminates the need for form submissions to every company.

To find out how much you’re overpaying now click here to open in new window.

The only downside to pricing coverage this way is that you can’t choose which companies to get quotes from. So if you prefer to pick individual companies to compare prices, we have a page of companies who write insurance in your area. Click to view list.

Which method you use is up to you, but double check that you are using apples-to-apples quote information on every quote you get. If you enter mixed coverages it’s impossible to determine the lowest rate for your Nissan Maxima.

Factors determining your Nissan Maxima insurance premium

An important part of buying insurance is that you know some of the elements that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that can help you get better car insurance rates.

  • Being married is a good thing – Having a wife or husband helps lower the price when buying car insurance. Having a spouse translates into being more mature and responsible and statistics show being married results in fewer claims.
  • Bundling policies can get discounts – Some car insurance companies will give a discount to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even though this discount sounds good, you may still want to shop around to ensure the best deal.
  • Frequent car insurance claims increase rates – Auto insurance companies give lower rates to people who file claims infrequently. If you file claims often, you can expect either policy cancellation or increased premiums. Insurance coverage is designed for larger claims.
  • Women pay lower rates – Statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Both sexes are in accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like reckless driving and DUI.
  • Theft deterrents lower rates – Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • More miles equals more premium – The more miles you rack up on your Nissan in a year’s time the higher your rate. The majority of insurers charge to insure your cars based on their usage. Autos not used for work or commuting get more affordable rates compared to those used for work or business. Ask your agent if your car insurance policy is showing how each vehicle is driven. If your policy improperly rates your Maxima may be wasting your money.

It’s not one size fits all

When buying the right insurance coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. For instance, these questions can help discover if your insurance needs might need professional guidance.

  • Is pleasure use cheaper than using my 2003 Nissan Maxima to commute?
  • What exactly is covered by my policy?
  • Are my tools covered if they get stolen from my vehicle?
  • Do I pay less for low miles?
  • Should I buy more coverage than the required minimum liability coverage?
  • What is the ISO rating for a 2003 Nissan Maxima?
  • When does my teenage driver need to be added to my policy?
  • Are all vehicle passengers covered by medical payments coverage?
  • I have health insurance so do I need medical payments coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, 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 can help protect your family.

Parts of your car insurance policy

Having a good grasp of your car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average car insurance policy.

Liability car insurance – Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things such as pain and suffering, medical expenses and loss of income. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Comprehensive coverages – This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, a broken windshield, rock chips in glass, damage from getting keyed and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage – This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2003 Nissan Maxima.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Coverage for medical payments – Med pay and PIP coverage reimburse you for short-term medical expenses for things like rehabilitation expenses, dental work and funeral costs. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision – Collision coverage covers damage to your Maxima resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like sideswiping another vehicle, crashing into a building and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

One last thing

When buying insurance coverage, it’s a bad idea to reduce coverage to reduce premium. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to regret that the few dollars in savings costed them thousands. The aim is to purchase plenty of coverage at a price you can afford while still protecting your assets.

Lower-priced 2003 Nissan Maxima insurance is possible from both online companies as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

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