Find Affordable Nissan Murano Insurance in Madison

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Discount Nissan Murano insuranceWant more competitive auto insurance rates in Madison, WI? Madison drivers have lots of choices when trying to find affordable Nissan Murano insurance. You can either waste hours driving around getting price quotes or save time using the internet to get rate quotes. There is a right way and a wrong way to compare auto insurance rates and you need to know the absolute fastest way to price shop coverage for a Nissan and locate the cheapest rates.

We don't have to point out that fact that insurance companies don't want you to compare rates. Consumers who rate shop once a year are highly likely to switch to a new company because of the good chance of finding a cheaper policy. A recent survey found that people who regularly compared rates saved as much as $72 a month compared to other drivers who didn't regularly shop around.

If finding the best price on Nissan Murano insurance is your ultimate objective, then having some knowledge of the best ways to shop for insurance can help simplify the task of finding more affordable coverage.

Buying the cheapest insurance in Madison is actually quite simple. If you have a current insurance policy, you should be able to find the best rates using these methods. Drivers just need to know the fastest way to compare price quotes from many different companies.

The companies shown below are ready to provide quotes in Madison, WI. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to find the most competitive rates.

Discounts mean cheaper rates for Nissan Murano insurance in Madison

Some insurance providers don't always advertise all available discounts in an easy-to-find place, so the below list has both the well known and also the lesser-known credits available to lower your premiums when you buy Madison auto insurance online.Save money with discounts

  • Discount for Life Insurance - Some insurance companies give a lower price if you buy auto and life insurance together.
  • Good Grades Discount - This discount may save you up to 25%. Most companies allow this discount well after school through age 25.
  • Membership in Organizations - Affiliation with certain professional organizations could qualify you for a break on your bill.
  • Federal Employees - Employees or retirees of the government could cut as much as 10% off depending on your company.
  • Multiple Vehicles - Purchasing coverage when you have all your vehicles on the same insurance policy may reduce the rate for each vehicle.
  • Accident Waiver - This one isn't a discount, but a handful of insurance companies will forgive one accident before they charge you more for coverage if you are claim-free for a set time period.
  • Military Rewards - Being deployed in the military could qualify you for better premium rates.

As a sidenote, many deductions do not apply to your bottom line cost. Most only apply to specific coverage prices like medical payments or collision. Even though the math looks like adding up those discounts means a free policy, insurance companies aren't that generous.

The diagram below shows the difference between Nissan Murano car insurance rates with and without policy discounts. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, multi-policy, and marriage discounts applied.

To view insurers who offer insurance discounts in Madison, click here.

Rates and data analysis

The premium information shown below highlights a range of insurance rates for Nissan Murano models. Learning more about how insurance rates are determined can help customers make decisions when shopping around.

Nissan Murano Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $170 $350 $242 $14 $72 $848 $71
Murano S AWD $170 $350 $242 $14 $72 $848 $71
Murano SL 2WD $170 $350 $242 $14 $72 $848 $71
Murano SL AWD $170 $350 $242 $14 $72 $848 $71
Murano LE 2WD $192 $412 $242 $14 $72 $932 $78
Murano LE AWD $192 $412 $242 $14 $72 $932 $78
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in zip code location which can change rates greatly.

Where to set your deductibles

One of the most common car insurance questions is where to set your physical damage deductibles. The following insurance rates help summarize how much more you'll pay when you buy lower versus higher policy deductibles. The first price estimate table uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Nissan Murano insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $198 $358 $230 $14 $68 $893 $74
Murano S AWD $198 $358 $230 $14 $68 $893 $74
Murano SL 2WD $198 $358 $230 $14 $68 $893 $74
Murano SL AWD $198 $358 $230 $14 $68 $893 $74
Murano LE 2WD $224 $422 $230 $14 $68 $983 $82
Murano LE AWD $224 $422 $230 $14 $68 $983 $82
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Nissan Murano insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $110 $188 $230 $14 $68 $610 $51
Murano S AWD $110 $188 $230 $14 $68 $610 $51
Murano SL 2WD $110 $188 $230 $14 $68 $610 $51
Murano SL AWD $110 $188 $230 $14 $68 $610 $51
Murano LE 2WD $124 $222 $230 $14 $68 $658 $55
Murano LE AWD $124 $222 $230 $14 $68 $658 $55
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific garaging location which can modify auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $25 more each month or $300 a year than buying the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 36 months between claim filings, you would probably save some money if you decide on a higher deductible. The numbers below show an example of how this decision is made.

Average monthly premium for $100 deductibles: $77
Average monthly premium for $1,000 deductibles (subtract): - $52
Monthly savings from raising deductible: $25
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One important note is that higher deductibles means you will have to pay more when you have a physical damage claim. That will force you to have enough savings in the event you need to pay the higher deductible.

The diagram below demonstrates how deductibles and can influence Nissan Murano annual premium costs for each different age category. The prices are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Does it make sense to buy full coverage?

The information below shows the difference between Nissan Murano auto insurance costs when comparing full coverage to state minimum liability only. Data assumes no claims or violations, $250 deductibles, single marital status, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no set guideline for excluding comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let's assume your Nissan Murano claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying your policy deductible. If it's costing in excess of $600 a year for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some situations where removing full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Components of Your Nissan Murano Insurance Premiums

Multiple criteria are used in the calculation when you get a price on insurance. Some factors are common sense like an MVR report, but others are more obscure like where you live or your commute time.

The items below are some of the most common factors utilized by car insurance companies to help set your premiums.

  • Improve your credit rating and save - A driver's credit score is likely to be a major factor in your rate calculation. People with very high credit ratings tend to be less risk to insure than those with lower credit scores. If your credit rating is low, you may save money insuring your Nissan Murano if you improve your credit rating.
  • Pleasure use saves money - The higher the mileage driven each year the more you will pay for auto insurance. Most companies calculate rates based on how the vehicle is used. Cars and trucks that do not get driven very much can get a lower rate compared to those used for work or business. Having an incorrect usage rating on your Murano may be costing you. Verify your auto insurance coverage correctly shows annual mileage, because improper ratings can cost you money.
  • Know your vehicle's safety rating - Cars with high safety ratings tend to have better insurance rates. The safest vehicles reduce injuries and fewer serious injuries translates directly to fewer claims and lower rates for you.
  • Do you have a demanding occupation? - Did you know your auto insurance rates can be affected by your occupation? Occupations such as military generals, airline pilots, and medical professionals are shown to have higher average rates in part from job stress and lots of time spent away from family. On the other hand, jobs like actors, historians and retirees receive lower rates.
  • High coverage deductibles save money - The deductibles you choose tell how much you are willing to pay out-of-pocket before a claim is paid by your company. Protection for physical damage, also called 'full coverage', protects your car from damage. Some examples of claims that would be covered are a windshield broken by a bird, fire damage, and damage caused by road hazards. The more of the claim you're willing to pay, the lower your rates will be.
  • Insurance loss probability for a Nissan Murano - Insurance companies factor in insurance loss information when they file their rates in each state. Models that are shown to have higher frequency or amount of claims will be charged more to insure.

    The data below shows the historical insurance loss data for Nissan Murano vehicles. For each coverage category, the claim amount for all vehicles as a whole is considered to be 100. Values that are below 100 imply a favorable loss record, while values over 100 indicate frequent claims or an increased likelihood of larger losses.

    Insurance Loss Ratings for Nissan Murano Vehicles
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Nissan Murano 4dr 2WD 79 105
    Nissan Murano 4dr 4WD 102 66 98 84

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years