Do you want more affordable auto insurance rates in Jersey City, NJ? Jersey City consumers have lots of choices when looking for the lowest priced Nissan Maxima insurance. They can either spend hours calling around to compare prices or save time using the internet to get rate quotes.
There is a better way to compare auto insurance rates so you’re going to learn the proper way to quote coverages for a Nissan and locate the lowest price from Jersey City insurance agents and online providers.
The easiest way to compare rate quotes for Nissan Maxima insurance in Jersey City utilizes the fact car insurance companies participate in a system to give free rates quotes. The one thing you need to do is provide a little information like if the vehicle is leased, the ages of drivers, how many miles driven, and an estimate of your credit level. The rating information is instantly sent to all major companies and they return quotes quickly.
To compare multiple company cheaper Nissan Maxima insurance rates now, click here and enter your coverage details.
The companies shown below offer price quotes in New Jersey. If multiple companies are listed, we recommend you visit as many as you can to get the best price comparison.
Insurance coverage analysis
The rate information shown below highlights a range of coverage costs for Nissan Maxima models. Understanding how prices are calculated is important for making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Maxima 3.5 S | $400 | $730 | $452 | $26 | $136 | $1,744 | $145 |
| Maxima 3.5 SV | $400 | $840 | $452 | $26 | $136 | $1,854 | $155 |
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can affect premium rates considerably.
Choosing deductibles
One of the more difficult decisions when buying auto insurance is how high or low should comp and collision deductibles be. The premium rates below may aid in understanding the differences in price between high and low deductibles. The first rate quote example uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Maxima 3.5 S | $520 | $880 | $480 | $28 | $144 | $2,077 | $173 |
| Maxima 3.5 SV | $520 | $1014 | $480 | $28 | $144 | $2,211 | $184 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Maxima 3.5 S | $380 | $594 | $480 | $28 | $144 | $1,626 | $136 |
| Maxima 3.5 SV | $380 | $684 | $480 | $28 | $144 | $1,716 | $143 |
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific location which can decrease or increase price quotes greatly.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $39 more each month or $468 annually across all Nissan Maxima models than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 10 months between claim filings, you would more than likely save some money if you choose a higher deductible. Here’s an example of how you can perform this determination yourself.
| Average monthly premium for $100 deductibles: | $179 |
| Average monthly premium for $500 deductibles (subtract): | – $140 |
| Monthly savings from raising deductible: | $39 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $39 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
One big caveat is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you file a claim. It will be required that you have some extra savings in the event you have to pay the higher deductible.
Auto insurance prices based on gender
The information below shows the difference between Nissan Maxima insurance costs for male and female drivers. The premiums are based on no accidents or driving violations, full physical damage coverage, $500 deductibles, drivers are not married, and no additional discounts are factored in.
Full coverage versus liability only rates
The chart below illustrates the difference between Nissan Maxima insurance prices with liability coverage only compared to full coverage. The price estimates are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied.
Should you be buying full coverage?
There is no exact rule to stop buying physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Nissan Maxima claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after the deductible is paid. If it’s costing in excess of $700 annually for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Lower-cost Nissan Maxima insurance in Jersey City
Not many people think insurance is cheap, but you may qualify for discounts that you may not even know about. Certain reductions will be credited at the time of quoting, but some may not be applied and must be requested specifically in order for you to get them.
- E-sign – Many insurance companies will give you a small discount simply for signing on the internet.
- Memberships – Having an affiliation with a civic or occupational organization in Jersey City is a good way to get lower rates on your next insurance statement.
- One Accident Forgiven – Not necessarily a discount, but companies like GEICO, Progressive, and Allstate will forgive one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
- Multi-car Discount – Buying coverage for multiple vehicles with one company could earn a price break for each car.
- New Vehicle Savings – Putting coverage on a new Maxima can get you a discount since new model year vehicles have better safety ratings.
- Bundle and Save – If you can combine your home and auto policy with the same company you could get a discount of nearly 15% which can help you find affordable Nissan Maxima insurance rates in Jersey City.
- Full Payment Discount – If paying your policy premium upfront as opposed to paying monthly you can avoid monthly service charges.
- Telematics Data Discounts – People who choose to allow data collection to analyze where and when they drive by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they are good drivers.
- Defensive Driver – Taking a class that teaches defensive driving techniques could possibly earn you a 5% discount and make you a better driver.
As a sidenote, most discounts do not apply to your bottom line cost. The majority will only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like you could get a free insurance policy, you’re out of luck. But any discount will help lower your premiums.
The illustration below illustrates the difference between Nissan Maxima premium costs with and without policy discounts. The rates are based on a female driver, a clean driving record, no claims, New Jersey state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-policy, multi-car, and homeowner discounts applied.
Some companies who may offer these benefits possibly include:
It’s a good idea to ask each company or agent to give you their best rates. Some discounts may not be offered in your state. To locate insurance companies that offer the discounts shown above in Jersey City, click here.
Three reasons auto insurance is important
Despite the high insurance cost for a Nissan Maxima in Jersey City, paying for auto insurance is required by state law in New Jersey and it also provides benefits you may not be aware of.
First, most states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability in order to drive the car legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your Nissan Maxima has a loan, almost every bank will make it mandatory that you have insurance to guarantee payment of the loan. If the policy lapses, the bank may buy a policy for your Nissan for a much higher rate and make you pay for the expensive policy.
Third, auto insurance preserves both your Nissan and your personal assets. It will also reimburse you for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage.
The benefits of carrying enough insurance definitely exceed the price paid, particularly if you ever have a claim. Despite what companies tell you, the average driver is currently overpaying as much as $750 every year so you should quote your policy with other companies once a year at a minimum to save money.
When do I need an agent’s advice?
When it comes to choosing your policy, there really is no one-size-fits-all type of policy. Each situation is unique so your insurance should reflect that
These are some specific questions can aid in determining if you may require specific advice.
- Do I need higher collision deductibles?
- Will I lose any money if I cancel my policy before it expires?
- How can I get high-risk coverage after a DUI?
- Do they offer discounts for home and auto coverage?
- Is my state a no-fault state?
- Can good grades get a discount?
- Do I need to call my car insurance company before buying a new car?
- Is pleasure use cheaper than using my Nissan Maxima to commute?
- Does coverage extend to my business vehicle?
- Does my liability insurance cover pulling a trailer or camper?
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.
Neighborhood insurance agents
A small number of people would rather sit down with an agent and that is OK! Licensed agents can help you build your policy and give you someone to call. The best thing about getting free rate quotes online is the fact that drivers can get better rates and still buy from a local agent. And supporting neighborhood agents is important particularly in Jersey City.
For easy comparison, once you complete this form (opens in new window), your insurance data is instantly submitted to local insurance agents that can provide free Jersey City car insurance quotes and help you find cheaper coverage. You won’t need to search for any insurance agencies because prices are sent to you instantly. If you need to get a rate quote for a specific company, you just need to go to their quote page and give them your coverage information.
Selecting an company should depend on more than just a cheap quote. Agents should be asked these questions:
- Will they take your side in the event of a claim?
- What will you get paid if your car is a total loss? How is that amount determined?
- Can glass repairs be made at your home?
- What discounts might you be missing?
- Do they regularly work with personal auto policies in Jersey City?
- Which members of your family are coverage by the policy?
- Does the company use OEM repair parts?
After receiving reasonable responses to these questions and a low price estimate, you’ve probably found a company that can be relied on to insure your vehicles.