Save Money on Nissan Maxima Insurance in Baltimore

Insurance rates Nissan Maxima in BaltimoreWish you could get a refund on an under-performing, overpriced auto insurance policy? Trust us when we tell you there are lots of Baltimore residents who feel the same.

Shocking but true, the vast majority of auto insurance customers have remained with the same auto insurance company for at least four years, and 38% of customers have never shopped around. Most drivers in Maryland can save about $750 each year, but most tend to underestimate the big savings they would realize if they changed companies. Due to the large number of insurance companies to choose from that have cheap insurance for a Nissan Maxima in Baltimore, it can be difficult for drivers to locate the cheapest company.

These tips will teach you how auto insurance companies operate and some tips to save money. If you’re already insured, you will definitely be able to save money using this strategy. Drivers just need to use the most effective way to compare prices from many different companies online.

Informed Drivers Can Lower Their Insurance Premiums

Many factors are considered when you get your auto insurance bill. Some are pretty understandable such as your driving record, but others are not as apparent like where you live or how financially stable you are.

The following are a partial list of the pieces companies use to determine your premiums.

Most major insurance companies make it easy to get prices online. Getting Nissan Maxima insurance prices online is pretty easy as you simply type in your required coverages into the quote form. Once entered, their quoting system makes automated requests for credit information and your driving record and returns a price quote based on these factors. Being able to quote online for Nissan Maxima insurance in Baltimore streamlines rate comparisons, and it’s also necessary to have as many quotes as possible in order to get the most affordable premium on insurance.

To quickly find out what other companies charge, take a look at the companies shown below. If you currently have coverage, we recommend you complete the form with deductibles and limits exactly as they are listed on your policy. Doing this guarantees you will receive an apples-to-apples comparison using the same coverage and limits.

The providers in the list below have been selected to offer price comparisons in Baltimore, MD. If your goal is to find cheaper car insurance in MD, we recommend you compare several of them to get a more complete price comparison.

Premium rates and analysis

The price information shown below covers estimates of prices for Nissan Maxima models. Learning more about how auto insurance policy rates are formulated can assist in making smart choices when purchasing an auto insurance policy.

Nissan Maxima Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $238 $450 $492 $30 $148 $1,358 $113
Maxima 3.5 SV $238 $518 $492 $30 $148 $1,426 $119
Get Your Own Custom Quote Go

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in specific Baltimore garaging location which can affect auto insurance rates noticeably.

Physical damage deductible comparison

The hardest decision when buying coverage is which deductible level should you buy. The comparison tables below summarize the cost difference of buying low and high insurance deductibles. The first pricing table uses a $250 deductible and the second pricing table uses a $500 deductible.

Nissan Maxima insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $394 $624 $406 $24 $122 $1,595 $133
Maxima 3.5 SV $394 $718 $406 $24 $122 $1,689 $141
Get Your Own Custom Quote Go

Nissan Maxima insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $320 $502 $406 $24 $122 $1,374 $115
Maxima 3.5 SV $320 $578 $406 $24 $122 $1,450 $121
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Premium costs do not factor in vehicle location which can influence insurance rates greatly.

Based on the data above, we can derive that using a $250 deductible costs an average of $19 more each month or $228 every year than requesting the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 13 months between claim filings, you would more than likely save some money if you decide on a higher deductible. Below is the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $137
Average monthly premium for $500 deductibles (subtract): – $118
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Insurance rate increases from tickets or accidents

The information below demonstrates how citations and at-fault claims drive up Nissan Maxima insurance costs for each age group. The price estimates are based on a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

Nissan Maxima insurance premiums by gender in Baltimore

The illustration below visualizes the comparison of Nissan Maxima auto insurance rates for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Nissan Maxima liability rates compared to full coverage

The illustration below visualizes the comparison of Nissan Maxima insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.

When to stop buying full coverage

There is no definitive rule for eliminating full coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s say your Nissan Maxima book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage.

It may be expensive, but it’s not optional

Despite the potentially high cost of Nissan Maxima insurance, auto insurance is required for several reasons.

The benefits of having insurance definitely exceed the price paid, specifically if you ever have a liability claim. On average, a vehicle owner in Baltimore is overpaying more than $700 annually so you should quote your policy with other companies at every renewal to help ensure money is not being wasted.

Baltimore insurance discounts for a Nissan Maxima

Car insurance companies don’t necessarily list all discounts in a way that’s easy to find, so below is a list some of the more common as well as the least known discounts you could be receiving when you buy Baltimore auto insurance online.Cheaper auto insurance with discounts

While discounts sound great, it’s important to understand that most credits do not apply to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, you aren’t that lucky.

The example below compares Nissan Maxima insurance premiums with and without discounts applied. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $250 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, marriage, multi-car, and homeowner discounts applied.

Companies who might offer some of the above discounts are:

Before you buy a policy, ask each insurance company to give you their best rates. Some discounts might not apply in your area. If you would like to view insurers that can offer you the previously mentioned discounts in Baltimore, follow this link.

When to have guidance from an insurance agent

Many drivers prefer to buy from a local agent. Insurance agents can help you build your policy and will help you if you have claims. One of the benefits of price shopping on the web is that you can obtain cheap auto insurance rates and still buy from a local agent. And supporting local agencies is important especially in Baltimore.

Upon completion of this quick form, your coverage information is sent to participating agents in Baltimore that give free quotes and help you find cheaper coverage. There is no need to even leave your home because prices are sent to you directly. If you need to get a comparison quote from one company in particular, you would need to find their quoting web page and fill out their quote form.

Insurance agent types

If you are wanting to purchase auto insurance from a reliable agent, it’s important to understand the different agency structures to choose from. Agents are either exclusive or independent. Both provide auto insurance policies, but it is important to understand the difference in how they write coverage since it could factor into your agent selection.

Independent Agencies or Brokers

Agents of this type do not write with just one company and that gives them the ability to insure with any number of different companies and find the cheapest rate. If prices rise, the business is moved internally and you stay with the same agent.

When comparison shopping, you will definitely want to check rates from a few independent agents in order to compare the most rates.

Below is a small list of independent agents in Baltimore who can help you get free rate quotes.

5417 Reisterstown RdBaltimore, MD 21215(410) 358-0411View Map

847 W 36th StBaltimore, MD 21211(410) 889-9290View Map

502 Baltimore AveTowson, MD 21204(410) 823-8777View Map

View more Baltimore agents

Exclusive Insurance Agencies

Exclusive agents can usually just insure with one company such as State Farm, AAA, and Liberty Mutual. They generally cannot provide prices from multiple companies so it’s a take it or leave it situation. Exclusive insurance agents are highly trained on sales techniques which helps them sell insurance even at higher premiums.

The following is a list of exclusive agents in Baltimore that can give you price quote information.

8641 Loch Raven Blvd #2dBaltimore, MD 21239(410) 663-8888View Map

3818 Roland AveBaltimore, MD 21211(410) 889-5840View Map

2829 O’Donnell StBaltimore, MD 21224(410) 522-6100View Map

View more Baltimore agents

Picking an auto insurance agent requires more thought than just the bottom line cost. These are some valid questions you should ask.

Find affordable rates by comparing often

The cheapest Nissan Maxima insurance in Baltimore is attainable from both online companies in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer rate quotes online and usually these small, regional companies sell through independent agents.

As you go through the steps to switch your coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at the best possible price while still protecting your assets.

Steps to finding more affordable Nissan Maxima insurance in Baltimore

To save the most money, the best way to get low-cost Nissan Maxima insurance is to compare prices annually from companies who sell auto insurance in Baltimore.

Step 1: Learn about policy coverages and the measures you can take to keep rates down. Many things that result in higher prices like distracted driving and a bad credit score can be eliminated by making lifestyle changes or driving safer.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or Allstate, while independent agents can quote rates from multiple insurance companies.

Step 3: Compare the quotes to your existing rates to see if cheaper Maxima coverage is available in Baltimore. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.

Step 4: Notify your company or agent of your intention to cancel your current coverage and submit a down payment along with a signed application for the new policy. When you receive it, keep your new certificate verifying coverage along with the vehicle’s registration papers.

The key thing to know about shopping around is to compare identical coverages on each price quote and and to get price estimates from as many different companies as possible. This ensures a level playing field and a good representation of prices.

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