How Much Does 2002 Nissan Maxima Car Insurance Cost?

Want the cheapest car insurance rates for your Nissan Maxima? Cutting costs on car insurance is hard for people who are new to shopping for insurance online. Consumers have so many choices that it can turn into a real hassle to find lower rates.

These factors can influence what you pay for Nissan Maxima insurance

It’s important that you understand some of the elements that play a part in calculating your insurance coverage rates. Understanding what influences your rates helps enable you to make changes that could result in lower insurance coverage prices.

  • Lower rates with optional equipment – Owning a car with an alarm system can help bring down rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • Poor credit can mean higher rates – Your credit history is a huge factor in calculating your insurance coverage rates. Therefore, if your credit history is not that good, you could potentially save money when insuring your 2002 Nissan Maxima by spending a little time repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower credit scores.
  • What are your deductibles? – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your Nissan. A few examples of covered claims could be a windshield shattered by a rock, vandalism, and burglary. Deductibles for physical damage are how much you are willing to pay out-of-pocket in the event of a claim. The higher the amount you have to pay, the lower your rates will be on Maxima insurance.
  • Never let your coverage lapse – Driving with no insurance is a misdemeanor and you will pay a penalty because you let your insurance expire. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a steep fine or even jail time.

Are you getting all your discounts?

The cost of insuring your cars can be expensive, but there could be available discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be asked for before they will apply.

  • Passive Restraint Discount – Factory air bags may earn rate discounts of more than 20%.
  • Sign Early and Save – Some companies give discounts for switching to them before your current expiration date. It can save you around 10%.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on Maxima insurance than drivers with accidents.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • One Accident Forgiven – A handful of insurance companies will forgive one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Club Memberships – Being a member of certain professional organizations is a good way to get lower rates on your policy on Maxima insurance.
  • Multiple Vehicles – Insuring multiple vehicles on the same car insurance policy could earn a price break for each car.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

As a disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you can get free auto insurance, it just doesn’t work that way. But any discount will bring down your overall premium however.

A partial list of companies that may have these discounts include:

Before buying, ask every prospective company what discounts are available to you. Savings might not be offered in every state.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that can aid in determining if you might need an agent’s assistance.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Where can I find high-risk insurance?
  • How does medical payments coverage work?
  • Am I covered if I wreck a rental car?
  • Can I drive in Mexico and have coverage?
  • If I drive on a suspended license am I covered?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form.

Car insurance specifics

Understanding the coverages of car insurance can be of help when determining the right 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.

Liability – This can cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as legal defense fees, medical expenses, bail bonds and medical services. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist coverage – This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Nissan Maxima.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for short-term medical expenses for doctor visits, ambulance fees, rehabilitation expenses and pain medications. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage – This coverage covers damage to your Maxima caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, damaging your car on a curb, crashing into a ditch, backing into a parked car and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverage – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a broken windshield, falling objects and fire damage. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Be a smart shopper

Insureds leave their current company for a number of reasons such as high prices, policy non-renewal, policy cancellation or even not issuing a premium refund. No matter why you want to switch, finding a new company can be less work than you think.

We covered quite a bit of information on how to reduce 2002 Nissan Maxima insurance prices online. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest rates come from a small local company.

Cheaper insurance is attainable online and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Some insurance companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

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