Really, the only way to find affordable quotes for Nissan Maxima insurance in Louisville is to compare quotes annually from insurance carriers in Kentucky.
- First, spend some time learning about coverages and the measures you can take to keep rates in check. Many risk factors that increase rates like traffic tickets, fender benders, and a lousy credit rating can be rectified by making minor changes to your lifestyle. Later in this article we will cover more details to get cheaper rates and find hidden discounts.
- Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while independent agents can provide prices from multiple sources.
- Third, compare the new quotes to your current policy premium to see if you can save by switching companies. If you can save money and buy the policy, ensure there is no coverage lapse between policies.
An essential thing to point out is to make sure you enter similar deductibles and liability limits on each price quote and and to compare as many carriers as you can. Doing this provides a fair rate comparison and a complete price analysis.
Surprisingly, a recent survey revealed that nearly 70% of customers have purchased from the same company for well over three years, and virtually 40% of consumers have never shopped around. With the average premium in Kentucky being $2,100, drivers can save nearly $630 each year just by getting comparison quotes, but they just don’t understand how easy it is to compare rates and save money.
Cheap Nissan insurance rate quotes in Louisville
The companies shown below provide comparison quotes in Louisville, KY. If you wish to find cheap car insurance in Louisville, KY, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
Rates and other information
The coverage table shown next outlines a range of coverage costs for Nissan Maxima models. Learning more about how insurance quotes are determined can be useful when making smart choices when buying a car insurance policy.
|Maxima 3.5 S
|Maxima 3.5 SV
|Get Your Own Custom Quote Go
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate quotes do not factor in vehicle location which can affect coverage prices greatly.
When shopping for auto insurance, a common question is the level to set your comp and collision deductibles. The rates below may aid in understanding the rate fluctuation between low and high insurance deductibles. The first set of rates uses a $250 deductible for comp and collision and the second price table uses a $500 deductible.
|Maxima 3.5 S
|Maxima 3.5 SV
|Get Your Own Custom Quote Go
|Maxima 3.5 S
|Maxima 3.5 SV
|Get Your Own Custom Quote Go
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Table data does not factor in vehicle garaging location which can modify coverage prices considerably.
Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $16 more each month or $192 a year averaged for all Maxima models than buying the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 16 months between claims, you would most likely save money if you choose a higher deductible.
Impact of careless driving on auto insurance rates
The information below highlights how speeding tickets and accident claims impact Nissan Maxima premium costs for each age group. The prices are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
Nissan Maxima liability rates compared to full coverage
The information below illustrates the comparison of Nissan Maxima insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are taken into consideration.
When to eliminate full coverage
There is no clear-cut rule to exclude physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s say your Nissan Maxima book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some conditions where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Insurance Rate Influencing Factors
Many things are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving history, although others are not quite as obvious such as your marital status or your commute time. Smart consumers have a good feel for the rating factors that play a part in calculating the level of your policy premiums. If you have some idea of what determines base rates, this allows you to make good choices that could help you find big savings.
- Avoid unnecessary incidental coverages – Insurance policies have a lot of extra bells and whistles that can waste your money if you aren’t careful. Things like personal injury protection, better glass coverage, and extra equipment coverage are examples of these. They may seem good initially, but if they’re wasting money think about removing them and cutting costs.
- Drivers with high credit save – Having a bad credit score can be a huge factor in determining your rates. Therefore, if your credit leaves room for improvement, you could potentially save money when insuring your Nissan Maxima by improving your rating. Drivers who have high credit ratings tend to be better risks to insure than drivers who have worse credit.
Performance impacts insurance premiums – The performance of the car, truck or SUV you own makes a huge difference in your rates. The cheapest insurance rates tend to be for lower performance four cylinder passenger models, but the final cost of insurance is determined by many other factors.
The next chart uses these assumptions: single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. It compares Nissan Maxima insurance rates compared to other models that have different risk factors.
- Don’t let your car insurance policy lapse – Allowing your car insurance policy to lapse is a fast way to pay more for car insurance. In addition to paying higher premiums, not being able to provide proof of insurance may result in a license revocation or jail time.
- Prevent your car from being stolen – Choosing a vehicle that has a built-in theft deterrent system can earn a premium discount. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft and help bring rates down.
- Single drivers may have higher prices – Having a spouse actually saves money when buying car insurance. Marriage may mean you are more mature and responsible and it’s statistically proven that drivers who are married are more cautious.
Cheaper Louisville car insurance rates with discounts
Some insurers don’t always publicize all possible discounts very well, so the next list breaks down both well-publicized in addition to some of the lesser obvious discounts you could be receiving when you buy Louisville auto insurance online.
- Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off PIP or medical payments premium.
- Good Student – Getting good grades may save as much as 25% on a Louisville auto insurance quote. You can use this discount normally until age 25.
- College Student Discount – College-age children who attend college more than 100 miles from Louisville and don’t have a car could qualify for this discount.
- Discounts for Government Workers – Simply working for the federal government could provide a small rate reduction but check with your company.
- Homeowners Savings – Owning a home in Louisville can get you a discount since owning and maintaining a home requires personal responsibility.
- Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of more than 20%.
- Driver Training Discounts – Passing a course that instructs on driving safety could possibly earn you a 5% discount and make you a better driver.
A little disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will positively reduce your policy premium.
The chart below shows the comparison of Nissan Maxima auto insurance rates with and without discounts. The costs are based on a female driver, a clean driving record, no claims, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, multi-policy, safe-driver, and marriage discounts applied.
To see a list of insurance companies that provide some of the discounts listed above in Louisville, click here.
Buying from insurance agencies
A small number of people would prefer to go talk to an agent and that can be a smart move Professional agents can help you choose the best coverages and help in the event of a claim. One of the benefits of getting online price quotes is that you can find lower rates but still work with a licensed agent.
After filling out this simple form, your insurance coverage information is emailed to local insurance agents that can give you free Louisville auto insurance quotes and help you find cheaper coverage. You never need to search for an agent since price quotes are sent to the email address you provide. If you need to get a rate quote from a specific insurance provider, don’t hesitate to jump over to their website and give them your coverage information.
Finding the right insurance company requires you to look at more than just a cheap price. Any agent in Louisville should have no problem answering these questions:
- How much can you save by raising your physical damage deductibles?
- Are there any discounts that you might be missing?
- If you have an accident, will your rates go up?
- Do they specialize in personal lines coverage in Louisville?
- What companies can they write with?
- Do they feel the quoted coverages are adequate?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
Louisville auto insurance agents are either independent or exclusive
When looking for a reliable insurance agent, there are a couple of different types of agencies that you can choose from. Agents in Louisville can be described as either independent (non-exclusive) or exclusive. Either one can insure your vehicles, but it is a good idea to know the difference in the companies they write for because it can factor into the type of agent you choose.
Exclusive Insurance Agencies
These type of agents are contracted to one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot compare rates from other companies so they have no alternatives for high prices. These agents are well schooled on sales techniques which can be an advantage. Consumers often use the same agent primarily because of the prominence of the brand and solid financial strength.
Listed below are exclusive insurance agencies in Louisville who may provide you with price quotes.
- Bob Savko – State Farm Insurance Agent
10839 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-7575 – View Map
- Richard White – State Farm Insurance Agent
2420 Lime Kiln Ln Ste E – Louisville, KY 40222 – (502) 326-9800 – View Map
- Peggy Druin – State Farm Insurance Agent
1547 Old Preston Hwy N b – Louisville, KY 40229 – (502) 955-9746 – View Map
Independent Insurance Agents
Independent agents are normally appointed by many insurers so they can quote policies through many companies and find the cheapest insurance rates. If your premiums go up, the business is moved internally and you don’t have to do anything. If you are comparing rate quotes, we highly recommend that you get quotes from a couple of independent agencies in order to compare the most rates. Most independent agents also contract with lesser-known insurance companies that may have much lower rates than larger companies.
Listed below are Louisville independent agents that are able to give rate quotes.
- Nationwide Insurance Ditsler Insurance Inc
1313 Lyndon Ln #102 – Louisville, KY 40222 – (502) 895-0812 – View Map
- Nationwide Insurance: Christopher James Parsons Agency
10300 Brookridge Village Blvd Ste 103 – Louisville, KY 40291 – (502) 239-5054 – View Map
- Grant Insurance Agency, LLC
13000 Equity Pl #201 – Louisville, KY 40223 – (502) 254-3332 – View Map
After getting positive responses to these questions in addition to an acceptable price estimate, chances are good that you have found an insurance agency that meets your needs to properly insure your vehicles.
Your insurance coverage should be tailored to you
When quoting and comparing coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique and your insurance should be unique as well.
These are some specific questions can aid in determining whether or not you would benefit from professional advice.
- Does my policy pay for OEM or aftermarket parts?
- Which companies will insure me after a DUI?
- How much can I save by bundling my policies?
- Should I buy more coverage than the required Kentucky minimum liability coverage?
- Do I have coverage when pulling a U-Haul trailer?
- How do I buy GAP insurance?
- Do I need replacement cost coverage?
- Is my Nissan Maxima covered if I use it for business?
If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
Cheaper coverage is out there
As you shop your coverage around, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured dropped physical damage coverage and discovered at claim time they didn’t have enough coverage. Your strategy should be to buy enough coverage at an affordable rate, but do not sacrifice coverage to save money.
Lower-priced insurance in Louisville is available on the web in addition to local insurance agencies, so you should compare both to get a complete price analysis. A few companies do not provide rates over the internet and these small insurance companies provide coverage only through independent insurance agents.
- How do I File a Claim? (Insurance Information Institute)
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- Young Drivers: The High Risk Years Video (iihs.org)
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- Auto Insurance Basics (Insurance Information Institute)