Nissan Maxima Insurance Rates in Virginia Beach

Discount Nissan Maxima insuranceHow many years has it been since you compared cheaper Nissan Maxima insurance in Virginia Beach? Searching for the cheapest insurance for a new or used Nissan Maxima in Virginia can be difficult, but you can learn the following methods to make it easier. There are more efficient ways to shop for car insurance so we’re going to tell you the best way to price shop coverage on a Nissan and locate the lowest possible price from both online companies and Virginia Beach agents.

Everyone knows that insurance companies don’t want you quoting rates from other companies. People who shop rates annually are inclined to buy a new policy because there is a great chance of finding a more affordable policy premium. Remarkably, a study showed that people who made a habit of comparing rate quotes saved $3,400 over four years as compared to drivers who never shopped around for lower prices.

If finding the lowest price for car insurance in Virginia Beach is why you’re here, knowing how to get price quotes and compare insurance can make the process more efficient.

If you have a current auto insurance policy or just want to reduce your rates, you can use these techniques to save money without sacrificing coverage. Comparing quotes for the lowest-priced auto insurance policy in Virginia Beach is not as time-consuming as you think. Smart shoppers just need to learn the most time-saving way to find the lowest price online.

Getting more affordable Nissan Maxima car insurance pricing can be quick and easy. You just need to take the time to get quotes to find out which insurance company has affordable Virginia Beach car insurance quotes.

The providers in the list below have been selected to offer price quotes in Virginia Beach, VA. In order to find the cheapest car insurance in VA, we recommend you get rates from several of them to find the most competitive auto insurance rates.

Data for Nissan Maxima insurance

The information shown below outlines a range of rate quotes for Nissan Maxima models. Having a better understanding of how insurance rates are calculated helps drivers make decisions on which insurance to purchase.

Nissan Maxima Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $120 $212 $248 $14 $74 $668 $56
Maxima 3.5 SV $120 $244 $248 $14 $74 $700 $58
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in vehicle location which can modify coverage rates significantly.

How high should deductibles be?

One common question asked by Virginia Beach drivers is where to set your physical damage deductibles. The comparisons below may help you to understand how much more rates are when you choose different coverage deductibles. The first data table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Nissan Maxima insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $278 $472 $258 $16 $78 $1,127 $94
Maxima 3.5 SV $278 $542 $258 $16 $78 $1,197 $100
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Nissan Maxima insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $154 $248 $258 $16 $78 $754 $63
Maxima 3.5 SV $154 $286 $258 $16 $78 $792 $66
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in specific Virginia Beach garaging location which can impact insurance rates substantially.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $32 more each month or $384 every year averaged for all Maxima models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 28 months between claim filings, you would save money if you decide on a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): – $65
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important note is that raising deductibles means you will have to pay more of your own money when you have a comprehensive or collision claim. You must have enough money stashed away in order to pay more for the deductible.

Auto insurance rates by age and gender

The diagram below compares Nissan Maxima insurance premiums for male and female drivers. The rate quotes are based on no violations or accidents, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The information below visualizes the comparison of Nissan Maxima insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are factored in.

When to drop comp and collision

There is no definitive formula to stop paying for physical damage coverage, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s assume your Nissan Maxima claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $7,000 after you pay the deductible. If premium cost is more than $700 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Earn discounts on Virginia Beach auto insurance

Auto insurance is not inexpensive, but there could be significant discounts that can help lower your rates. Some discounts apply automatically at the time of purchase, but lesser-known reductions have to be inquired about before they will apply.Save money with discounts

Keep in mind that most discounts do not apply to the whole policy. Most cut specific coverage prices like comprehensive or collision. Even though it appears all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will cut your premiums.

The illustration below illustrates the difference between Nissan Maxima car insurance costs with and without policy discounts. The premiums are based on a male driver, no claims, a clean driving record, Virginia state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, homeowner, marriage, and multi-car discounts applied.

A partial list of companies who may offer these benefits include:

Before purchasing a policy, check with every company how you can save money. Discounts might not be available to policyholders in your area. To view providers with the best Nissan Maxima insurance discounts in Virginia, click this link.

Car insurance in Virginia serves several purposes

Even though it’s not necessarily cheap to insure a Nissan in Virginia Beach, buying car insurance is required in Virginia but also provides important benefits.

The benefits of carrying adequate insurance more than cancel out the cost, particularly when you have a large claim. An average driver in America is overpaying more than $855 a year so shop around each time the policy renews to make sure the price is not too high.

Do I just need basic coverages?

When quoting and choosing proper insurance coverage for your vehicles, there isn’t really a one-size-fits-all type of policy. Your needs are not the same as everyone else’s.Auto insurance savings

These are some specific questions may help you determine if your situation might need professional guidance.

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and may give you better protection.

When to contact an insurance agency

A lot of people prefer to get professional advice from a licensed agent and that is a smart decision Good agents are very good at helping people manage risk and help submit paperwork. A nice benefit of comparing rate quotes online is you may find cheap rate quotes and also buy local.

Insurance agents in Virginia BeachTo help locate an agent, after submitting this simple form, your insurance data is submitted to agents in your area who will give competitive quotes for your business. It’s much easier because you don’t need to contact any agents as quotes are delivered straight to your inbox. If you have a need to compare rates from a specific insurance company, feel free to jump over to their website and submit a quote form there.

Finding the right insurance company needs to be determined by more than just a cheap quote. These are some questions your agent should answer.

Not all car insurance agents are the same

When searching for an insurance agent, it helps to know the two different types of agents and how they can quote your rates. Auto insurance agents can either be exclusive or independent agents depending on their company appointments. Either one can insure your vehicles properly, but it is important to understand why they differ because it can factor into your selection of an agent.

Exclusive Insurance Agents

These agents write business for a single company and some examples include American Family, State Farm, and AAA. Exclusive agents cannot compare rates from other companies so they are skilled at selling on more than just price. These agents receive a lot of sales training on their company’s products which helps offset the inability to provide other markets. Some people will only use the same exclusive agent mainly due to the brand legacy rather than having the cheapest rates.

The following is a list of exclusive insurance agencies in Virginia Beach willing to provide comparison quotes.

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Independent Auto Insurance Agencies

Agents in the independent channel can sell policies from many different companies and that allows them to write policies with many different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, your policy is moved internally and you don’t have to switch agencies.

When comparing auto insurance prices, you need to get quotes from a couple of independent agencies so that you can do a thorough price comparison. They often place coverage with mutual insurance companies which can be an advantage.

The following are independent insurance agents in Virginia Beach who can help you get price quote information.

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After you get positive feedback for all questions you ask as well as a price you’re happy with, it’s possible that you found an insurance agency that meets the requirements to service your policy. But remember, you can always cancel a policy any time you want so don’t assume you’re contractually obligated to a policy for any length of time.

Insurance coverage specifics

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Auto liability insurance

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/20 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $20,000.

Liability coverage pays for claims like pain and suffering, court costs, emergency aid, legal defense fees and bail bonds. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible. Virginia state law requires minimum liability limits of 25/50/20 but you should consider buying more coverage.

The next chart demonstrates why low liability limits may not provide adequate coverage.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Nissan Maxima.

Since many Virginia drivers carry very low liability coverage limits (which is 25/50/20), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as dental work, chiropractic care, prosthetic devices, doctor visits and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision protection

This pays for damage to your Maxima resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like rolling your car, hitting a mailbox, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible on your Maxima in order to get cheaper collision rates.

Comprehensive insurance

This coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like hail damage, hitting a deer, damage from getting keyed and rock chips in glass. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.