Save Money on Nissan Armada Insurance in Baltimore

Are you at wits end from sacrificing to keep your car insured? You are no different than millions of other people.

A recent insurance study discovered that most consumers have remained with the same insurance company for over three years, and virtually 40% of consumers have never compared rates with other companies. Many consumers in Maryland could save themselves up to $750 a year by just comparing quotes, but they underestimate the rate savings if they switched to a more affordable policy.

Having so many online and local companies to choose from, it can be difficult for drivers to choose the right insurance company.

Insurance rate breakdown

The price information shown below highlights detailed analysis of rate quotes for Nissan Armada models. Having a good grasp of how auto insurance policy rates are established can assist in making decisions on which insurance to purchase.

Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Information does not factor in specific garaging location which can change price quotes noticeably.

How high should deductibles be?

One frequently asked question is which deductibles should you choose. The data tables below determine the differences in price between high and low insurance deductibles. The first data set uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in garaging location in Baltimore which can decrease or increase premiums considerably.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $30 more each month or $360 every year across all Nissan Armada models than selecting the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claim filings, you would most likely save money if you elect the higher deductible.

Rate increases following a ticket or accident

The illustration below demonstrates how speeding tickets and at-fault fender-benders can drive up Nissan Armada insurance premiums for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

Rate comparison of men versus women

The example below illustrates the comparison of Nissan Armada yearly insurance costs for male and female drivers. Data assumes no claims, a clean driving record, full coverage, $100 deductibles, drivers are not married, and no policy discounts are applied.

Reduce Insurance Rates with These Tips

Many factors are part of the calculation when you get a price on insurance. A few of the factors are predictable like an MVR report, although some other factors are not quite as obvious such as your credit history or your financial responsibility.

Listed below are a few of the things used by insurance companies to determine prices.

• Cheaper rates after marriage – Having a significant other can get you a discount on auto insurance. Having a significant other usually means you are more mature and responsible and insurance companies reward insureds because married couples file fewer claims.
• Lower comp and collision deductibles cost more – Comp and collision deductibles are the amount of money you are required to spend if a claim is determined to be covered. Physical damage insurance, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims could be collision with another vehicle, collision with a deer, and damage from wind. The more expense you choose to pay out-of-pocket, the less your company will charge you for insurance.
• Annual miles is a factor – Driving more miles in a year’s time the more it will cost to insure it. A lot of insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Cars and trucks left parked in the garage get more affordable rates than vehicles that are driven to work every day. It’s a smart idea to ensure your auto insurance coverage shows the correct usage, because it can save money. Improper usage on your Armada can cost quite a bit.
• Safety ratings are a factor – Cars with five star safety ratings get lower rates. Vehicles engineered for safety have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If the Nissan Armada scored at minimum four stars on Safercar.gov you may be receiving a better rate.

• Claims statistics for a Nissan Armada – Companies use past loss statistics for each vehicle to help set a rate to offset losses. Models that the data determines to have high amounts or severity of claims will cost more for specific coverages.

  The table below demonstrates the historical insurance loss data for Nissan Armada vehicles. For each coverage type, the claim amount for all vehicles combined as an average is a value of 100. Numbers below 100 imply a favorable loss record, while numbers above 100 point to more claims or a tendency for claims to be larger.

  
  

  Nissan Armada Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Nissan Armada 4dr 2WD	94	104	93	106		87
  Nissan Armada 4dr 4WD	123	120	109	91	69

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

More comparisons equals cheaper rates

We just covered many ideas to lower your Nissan Armada insurance rates in Baltimore. The most important thing to understand is the more times you quote, the better your comparison will be. Consumers could even find that the lowest rates come from some of the lesser-known companies. These companies often have lower car insurance rates on specific markets compared to the large companies like Allstate and Progressive.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. There are many occasions where someone sacrificed physical damage coverage only to regret that it was a big mistake. The ultimate goal is to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

Steps to finding more affordable Nissan Armada insurance in Baltimore

The preferred way to get the cheapest Nissan Armada insurance is to regularly compare quotes from companies who sell insurance in Baltimore.

1. Get an understanding of how insurance works and the measures you can take to drop your rates. Many factors that increase rates like high-risk driving behaviors and an imperfect credit rating can be amended by paying attention to minor details.
2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can give you price quotes from multiple companies. Click to view companies
3. Compare the quotes to the premium of your current policy to determine if switching companies saves money. If you find a better price, make sure coverage does not lapse between policies.
4. Give notification to your agent or company to cancel your current auto insurance policy. Submit the signed application along with the required initial payment to your new insurance company. Be sure to put the proof of insurance paperwork somewhere easily accessible.

One important bit of advice is to try to compare identical coverage information on every quote and and to compare as many different companies as possible. This ensures a fair rate comparison and the best price selection.

More tips and info about auto insurance can be read in the articles below:

• Steps to Take After an Auto Accident (Insurance Information Institute)
• Who Has Cheap Auto Insurance Rates for 18 Year Olds in Baltimore? (FAQ)
• Who Has Cheap Baltimore Auto Insurance Rates for Hybrid Vehicles? (FAQ)
• Safety Belts FAQ (iihs.org)
• Determining Auto Insurance Rates (GEICO)