Car Insurance Rates for a Nissan Maxima in San Jose

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Insurance for Nissan MaximaTruthfully, the best way to find low-cost prices for Nissan Maxima insurance is to do an annual price comparison from insurers that sell auto insurance in San Jose. Rates can be compared by following these guidelines.

  1. Try to understand how companies set rates and the things you can control to prevent rate increases. Many rating factors that drive up the price like speeding tickets, accidents and a negative credit rating can be rectified by being financially responsible and driving safely.
  2. Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while independent agents can provide price quotes from multiple companies.
  3. Compare the new quotes to your existing rates to determine if switching companies saves money. If you find a lower rate quote and change companies, ensure there is no coverage lapse between policies.

A good tip to remember is that you'll want to compare similar limits and deductibles on each price quote and and to get rates from as many companies as you can. This guarantees an apples-to-apples comparison and a complete price analysis.

Surprisingly, a recent survey revealed that a large majority of drivers kept their policy with the same company for four years or more, and approximately 40% of consumers have never compared rates with other companies. Consumers in San Jose could save an average of up to $470 each year by just shopping around, but they underestimate how much money they would save if they switched to a more affordable policy.

The companies in the list below offer price comparisons in California. If multiple providers are shown, we suggest you visit two to three different companies in order to find the most affordable rates.

Save money on Nissan Maxima insurance in San Jose with these auto insurance discounts

Car insurance can cost a lot, but you might find some hidden discounts that many consumers don't even know exist. Some of these discounts will be visible at quote time, but a few need to be asked about before they will apply.Discount auto insurance

  • Military Rewards - Being on active duty in the military may qualify for rate reductions.
  • Discount for Low Mileage - Low annual miles may enable drivers to earn slightly better rates than normal.
  • Good Driver Discounts - Insureds who avoid accidents may save up to 50% more than drivers with accidents.
  • No Claim Discounts - San Jose drivers who stay claim-free get the best auto insurance rates when compared with drivers with a long claim history.
  • Professional Organizations - Affiliation with qualifying clubs or civic groups is a simple method to lower premiums on your next auto insurance statement.
  • Switch and Save Discount - A few companies allow discounts for signing up prior to your current Maxima insurance policy expiration. You could save around 10% when you buy San Jose auto insurance online.
  • E-sign Discounts - Some insurance companies may give you up to $50 for buying your policy on the internet.
  • Good Student Discount - A discount for being a good student can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
  • Multi-car Discount - Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • 55 and Retired - Drivers that qualify as senior citizens can possibly qualify for a small decrease in premiums.

Discounts reduce rates, but you should keep in mind that some credits don't apply to all coverage premiums. Most cut the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, you won't be that lucky. Any amount of discount will reduce the cost of coverage.

The example below shows the comparison of Nissan Maxima insurance rates with and without policy discounts. Data assumes a female driver, no violations or accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, safe-driver, and homeowner discounts applied.

A list of auto insurance companies and a summarized list of policyholder discounts include:

  • AAA offers discounts for anti-theft, multi-policy, good student, pay-in-full, multi-car, and good driver.
  • Progressive has savings for online quote discount, continuous coverage, multi-vehicle, good student, and online signing.
  • State Farm discounts include Steer Clear safe driver discount, anti-theft, safe vehicle, good student, driver's education, Drive Safe & Save, and good driver.
  • Esurance policyholders can earn discounts including multi-policy, defensive driver, good driver, claim free, and DriveSense.
  • Nationwide may have discounts that include easy pay, Farm Bureau membership, accident-free, family plan, and business or organization.

It's a good idea to ask every prospective company how you can save money. Some credits might not be offered in every state. To see insurers with discount auto insurance rates in San Jose, click this link.

Insurance analysis for a Nissan Maxima

The price information displayed next outlines estimates of insurance prices for Nissan Maxima models. Being able to understand how insurance rates are determined can assist in making smart choices when comparing insurance rates.

Nissan Maxima Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $478 $810 $442 $26 $132 $1,888 $157
Maxima 3.5 SV $478 $932 $442 $26 $132 $2,010 $168
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Table data does not factor in vehicle location which can modify price quotes considerably.

Deductible analysis

The hardest decision when buying coverage is which deductibles should you choose. The data tables below show how much more you'll pay of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 deductible and the second data table uses a $1,000 deductible.

Nissan Maxima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $478 $810 $442 $26 $132 $1,913 $159
Maxima 3.5 SV $478 $932 $442 $26 $132 $2,035 $170
Get Your Own Custom Quote Go
Nissan Maxima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $266 $426 $442 $26 $132 $1,292 $108
Maxima 3.5 SV $266 $490 $442 $26 $132 $1,356 $113
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can revise price quotes substantially.

Using the data above, we can ascertain that using a $100 deductible costs about $54 more each month or $648 a year across all Nissan Maxima models than requesting the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 17 months between claims, you would probably save some money going with the higher deductible. The table below illustrates how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $165
Average monthly premium for $1,000 deductibles (subtract): - $111
Monthly savings from raising deductible: $54
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $54
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The chart below demonstrates how deductible levels and can impact Nissan Maxima insurance premiums for each age group. The premiums are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Reckless driving habits raise insurance rates

The example below demonstrates how citations and fender-benders can increase Nissan Maxima car insurance rates for different age groups of insureds. The premiums assume a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.

Cost of full coverage in San Jose

The information below illustrates the difference between Nissan Maxima insurance rates with and without physical damage coverage. The price estimates are based on no claims or driving violations, $500 deductibles, single status, and no discounts are applied.

Should you be buying full coverage?

There is no definitive guideline to stop buying comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might consider buying liability only.

For example, let's say your Nissan Maxima replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If you are paying in excess of $700 annually for full coverage, then it might be time to buy liability only.

There are a few situations where only buying liability is not recommended. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

How to Lower Your Insurance Rates

An important part of buying insurance is that you know some of the factors that aid in calculating the price you pay for car insurance. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make good choices that may result in better car insurance rates. Many things are part of the calculation when pricing auto insurance. Some factors are common sense like a motor vehicle report, although others are less obvious such as whether you are married or how financially stable you are.

The following are most of the major factors car insurance companies consider when setting prices.

Older drivers save more - More experienced drivers are viewed as being more responsible, statistically cause fewer accidents, and get fewer tickets. Youthful drivers are proven to be easily distracted behind the wheel so they pay higher car insurance rates.

The next chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Adjust comp and collision deductibles and save - Physical damage coverage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Examples of some claims that would be covered are a dented fender, vandalism, and damage from a fallen tree branch. The deductibles tell how much you are required to spend out-of-pocket if a covered claim is submitted. The more you pay before a claim is paid (deductible), the less money you will pay for car insurance.

Do you really need roadside assistance? - There are a ton of additional coverages that can waste your money if you don't pay attention. Things like roadside assistance, better glass coverage, and motor club memberships may not be needed and are just wasting money. These coverages may sound good initially, but if you don't need them eliminate the coverages to reduce your premium.

Less chance of injury means lower car insurance rates - Safer cars tend to have lower insurance rates. These vehicles reduce the chance of injuries and lower rates of occupant injuries translates directly to fewer claims and more competitive rates for policyholders. If your Nissan Maxima scored at minimum four stars on Safercar.gov you may be receiving a better rate.

Stay claim-free and reduce prices - If you tend to file frequent claims, you can expect much higher rates or policy non-renewal. Auto insurance companies in California generally give better rates to drivers who do not file claims often. Insurance coverage is intended for claims that pose a financial burden.