Scraping up a payment for overpriced Nissan Maxima insurance can drain your personal savings and put a big crunch on your finances. Comparing price quotes is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.
Popular companies such as GEICO, Farmers Insurance and State Farm all promote huge savings with ad campaigns and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.
If you currently have car insurance, you should be able to cut costs considerably using this strategy. Finding affordable coverage is quite easy. Nevertheless, Texas car owners do need to know how companies market on the web and use this information to your advantage.
Lots of discounts mean lots of savings
Companies do not advertise every discount in a way that’s easy to find, so here is a list some of the best known and the harder-to-find ways to save on car insurance.
- Safe Driver Discount – Safe drivers may receive a discount up to 45% less for Maxima coverage than their less cautious counterparts.
- Braking Control Discount – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
- Driver’s Ed – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
- Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% off the personal injury premium cost.
- Homeowners Pay Less – Owning a house may earn you a small savings because owning a home is proof that your finances are in order.
- No Charge for an Accident – A few companies permit an accident before your rates go up as long as you don’t have any claims prior to the accident.
- Club Memberships – Belonging to a qualifying organization could qualify you for a break when buying car insurance for Maxima coverage.
- Claim Free – Claim-free drivers can save substantially as compared to drivers who are more careless.
- Multi-policy Discount – When you have multiple policies with one company you could get a discount of at least 10% off all policies.
- Defensive Driver – Completing a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
Consumers should know that some of the credits will not apply to all coverage premiums. Some only reduce individual premiums such as comp or med pay. So when it seems like all those discounts means the company will pay you, companies don’t profit that way.
To see a list of providers who offer car insurance discounts in Texas, click here to view.
Why your Nissan Maxima insurance rates may be high
An important part of buying insurance is that you know the factors that go into determining your car insurance rates. Knowing what influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.
- Your age impacts your rates – Teenage drivers in Texas have a tendency to be less responsible in a vehicle so they pay higher car insurance rates. Mature drivers tend to be more responsible, file fewer claims and are safer drivers.
- How credit affects car insurance rates – Credit rating is a huge factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit. If your credit history can use some improvement, you could pay less to insure your Nissan Maxima by repairing your credit.
- Being married is a good thing – Having a wife or husband can actually save you money when buying car insurance. Having a significant other means you’re more mature than a single person and statistics show being married results in fewer claims.
- Liability coverage is peace of mind – The liability section of your policy will protect you when you are found liable for damages from an accident. It will provide legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
- The type of vehicle makes a difference – The type of car you drive makes a big difference in determining your rates. The most favorable rates are usually for economy passenger cars, but the final cost of insurance is determined by many other factors. Due to the fact that the Nissan Maxima is considered a sedan, insurance will be about the same than the average rate where you live.
- Multiple policies with one company can save – The majority of companies provide better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to comparison shop to ensure the best deal. Consumers may find a better deal by insuring with multiple companies.
- Keep rates low by being claim-free – Insurance companies in Texas generally give better rates to drivers who file claims infrequently. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is designed for major claims that would cause financial hardship.
- Lower rates with optional equipment – Choosing a vehicle with an alarm system can save you a little every year. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.
Save $423 a year. For real?
Car insurance companies such as GEICO, State Farm and Progressive continually stream ads on television and other media. They all seem to make an identical promise that you can save after switching to them. How can each company claim to save you money?
All the different companies have a certain “appetite” for the driver that is profitable for them. A good example of a desirable insured could possibly be over the age of 40, a clean driving record, and has excellent credit. A customer who matches those parameters will qualify for the lowest rates and as a result will probably save when they switch companies.
Potential insureds who do not match these standards will be quoted higher prices and this can result in business going elsewhere. The ads say “people who switch” not “everybody who quotes” save money. That’s why insurance companies can claim big savings. This emphasizes why drivers must get as many comparisons as possible. You cannot predict which company will fit your personal profile best.
Some additional reading
Additional detailed information can be found at the Texas Department of Insurance website. Texas drivers can read state legal mandates and laws, download brochures, report car insurance fraud, and get help finding coverage.
Better coverage you can count on
You just read many ways to reduce Nissan Maxima insurance prices online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the lowest premiums are with a smaller regional carrier. These smaller insurers may only write in your state and offer lower rates than their larger competitors like GEICO and State Farm.
Cost effective Nissan Maxima insurance can be sourced online as well as from independent agents in Texas, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online quoting and many times these regional insurance providers only sell through independent insurance agents.