Affordable Insurance for a Nissan Armada in Madison

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A recent NerdWallet.com study revealed that a large majority of consumers kept their policy with the same company for more than four years, and almost half have never quoted insurance rates at all. Wisconsin insurance shoppers could save $400 every year just by comparing rates, but they feel it's too difficult to compare rate quotes.

Insurance quote for Nissan Armada in MadisonThe easiest way to get budget car insurance rates is to make a habit of regularly comparing prices from insurers in Madison. Rates can be compared by following these guidelines.

  • First, try to learn a little about how companies set rates and the things you can change to prevent expensive coverage. Many factors that result in higher prices like accidents, traffic violations, and poor credit history can be improved by making minor changes in your lifestyle.
  • Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO or State Farm, while agents who are independent can quote rates from multiple insurance companies.
  • Third, compare the new rate quotes to your current policy premium to see if cheaper Armada coverage is available. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.

One piece of advice is that you'll want to compare the same level of coverage on every price quote and and to get prices from all possible companies. Doing this enables a fair price comparison and maximum price selection.

If you're already insured or just want a better rate, follow these tips to find better prices without having to cut coverage. Buying affordable car insurance in Madison is really not that difficult. Smart buyers just need to understand the proper methods to shop their coverage around from many different companies online.

Get cheaper rates by taking advantage of discounts

Some companies don't always advertise the entire discount list in an easy-to-find place, so the list below gives a summary of both the well known and the more hidden credits that you can use to lower your rates.

  • Driver's Education for Students - Require your teen driver to enroll and complete driver's education in high school.
  • Resident Student - Children who are attending college and do not have a car could qualify for this discount.
  • Seat Belt Usage - Drivers who require all vehicle occupants to fasten their seat belts can save a little off the PIP or medical payment premium.
  • ABS Brakes - Cars and trucks that have anti-lock braking systems can stop better under adverse conditions and earn discounts up to 10%.
  • Madison Homeowners Pay Less - Just being a homeowner can earn you a little savings because of the fact that having a home shows financial diligence.
  • Active Military Service - Having a family member in the military could be rewarded with lower prices.
  • Online Discount - A few larger online companies will give a small break just for signing your application on their website.
  • Discounts for Responsible Drivers - Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
  • Bundled Policy Discount - If you can bundle your homeowners and auto insurance with one company you will save at least 10 to 15 percent or more.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Most only apply to individual premiums such as medical payments or collision. So even though you would think it's possible to get free car insurance, that's just not realistic.

The diagram below shows the difference between Nissan Armada annual premium costs with and without discounts applied to the premium. The rates are based on a male driver, no accidents or driving violations, Wisconsin state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, marriage, multi-policy, and safe-driver discounts applied.

A few popular companies and some of their more popular discounts include:

  • Farmers Insurance offers discounts for alternative fuel, pay in full, switch companies, homeowner, early shopping, mature driver, and business and professional.
  • State Farm offers premium reductions for good driver, anti-theft, good student, driver's education, accident-free, passive restraint, and student away at school.
  • Liberty Mutual may include discounts for safety features, good student, hybrid vehicle, new graduate, and preferred payment discount.
  • MetLife has discounts for multi-policy, good student, claim-free, accident-free, good driver, defensive driver
  • Progressive offers discounts including online quote discount, continuous coverage, good student, homeowner, and multi-vehicle.

It's a good idea to ask every prospective company the best way to save money. Some discounts listed above may not apply to policies in every state. To locate insurers with discount car insurance rates in Wisconsin, click this link.

The companies in the list below provide price comparisons in Wisconsin. If your goal is to find cheap auto insurance in Madison, we recommend you visit several of them to get the best price comparison.

Nissan Armada insurance statistics and information

The coverage information below highlights detailed analysis of insurance costs for Nissan Armada models. Having a better idea how insurance policy rates are calculated is important to be able to make informed purchases.

Nissan Armada Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Armada SE 2WD $192 $338 $254 $16 $76 $876 $73
Armada SE 4WD $192 $398 $254 $16 $76 $936 $78
Armada Titanium 2WD $192 $398 $254 $16 $76 $936 $78
Armada Titanium 4WD $192 $398 $254 $16 $76 $936 $78
Armada Platinum 2WD $192 $398 $254 $16 $76 $936 $78
Armada Platinum 4WD $214 $398 $254 $16 $76 $958 $80
Get Your Own Custom Quote Go

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Premium amounts do not factor in specific location which can alter auto insurance rates noticeably.

Deductible comparison

One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The rates below sum up the difference in cost of buying low and high deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.

Nissan Armada insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Armada SE 2WD $200 $300 $196 $12 $58 $791 $66
Armada SE 4WD $200 $352 $196 $12 $58 $843 $70
Armada Titanium 2WD $200 $352 $196 $12 $58 $843 $70
Armada Titanium 4WD $200 $352 $196 $12 $58 $843 $70
Armada Platinum 2WD $200 $352 $196 $12 $58 $843 $70
Armada Platinum 4WD $224 $352 $196 $12 $58 $867 $72
Get Your Own Custom Quote Go
Nissan Armada insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Armada SE 2WD $164 $242 $196 $12 $58 $672 $56
Armada SE 4WD $164 $284 $196 $12 $58 $714 $60
Armada Titanium 2WD $164 $284 $196 $12 $58 $714 $60
Armada Titanium 4WD $164 $284 $196 $12 $58 $714 $60
Armada Platinum 2WD $164 $284 $196 $12 $58 $714 $60
Armada Platinum 4WD $182 $284 $196 $12 $58 $732 $61
Get Your Own Custom Quote Go

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

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $10 more each month or $120 a year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 25 months between claims, you would probably be better off going with the higher deductible. The table below shows the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $70
Average monthly premium for $500 deductibles (subtract): - $60
Monthly savings from raising deductible: $10
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

An important thing to remember is that a higher deductible means you will have to pay more of your own money when you have a comprehensive or collision claim. That will force you to have some extra savings in order to pay the deductible.

Full coverage rates compared to liability-only

The diagram below illustrates the comparison of Nissan Armada premium costs when comparing full coverage to state minimum liability only. The rates are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no discounts are applied.

When to buy liability coverage only

There is no specific rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's say your Nissan Armada claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying your deductible. If premiums are more than $500 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some cases where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.

How Insurance Companies Calculate Nissan Armada Insurance Prices

Many things are taken into consideration when premium rates are determined. A few of the factors are predictable such as traffic violations, but some are more obscure like where you live or how safe your car is.

Listed below are some of the things auto insurance companies consider when setting rates.

Only buy extra coverages you need - There are many extra add-on coverages that can waste your money if you aren't careful. Coverages like coverage for rental cars, towing coverage, and extra equipment coverage are some examples. These may sound like a good investment when deciding what coverages you need, but if you've never needed them in the past get rid of them and save.

Where you reside - Living in a small town is a positive aspect when talking about auto insurance. People in densely populated areas have to deal with more aggressive driving styles and much longer commute distances. Lower population means less chance of accidents and also fewer theft and vandalism claims.

How much liability insurance - The liability section of your policy will protect you if ever a court rules you are at fault for physical damage or personal injury to other. Liability insurance provides for a legal defense starting from day one. Liability is cheap compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.

Good credit scores equal low prices - An insured's credit history is a big factor in calculating your auto insurance rates. So if your credit score leaves room for improvement, you could pay less to insure your Nissan Armada by taking the time to improve your credit score. People with very good credit scores tend to file fewer claims and have better driving records than those with lower credit scores.

You may save more by bundling policies - Lots of insurance companies give lower prices to buyers who consolidate policies with them, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even with this discount, it's in your best interest to comparison shop to ensure the best deal.

Accidents are costly - Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. Even one citation can increase the cost of insurance by as much as thirty percent. Drivers unfortunate enough to have careless violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to submit a SR-22 form with their state's department of motor vehicles in order to drive a vehicle legally.

The diagram below highlights how speeding tickets and fender-benders raise Nissan Armada premium costs for different age groups. Data assumes a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

Auto insurance rates and age - Beginning drivers in Wisconsin have been known to be more careless when driving so auto insurance rates are higher. Parents adding a youthful driver onto your auto insurance will cause a huge premium hike. Older drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and receive fewer citations.

The chart below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Costs also based on gender - Over the last 30 years, statistics show that females take fewer risks when driving. That doesn't necessarily mean that females are better at driving than males. Males and females cause accidents in similar numbers, but the males have accidents that have higher claims. Not only are claims higher, but men get cited for more serious violations such as reckless driving.

The information below illustrates the difference between Nissan Armada insurance premiums for male and female drivers. The rate quotes are based on no claims or driving violations, comp and collision included, $100 deductibles, single status, and no other discounts are factored in.

Loss probability for a Nissan Armada - Insurers factor in insurance loss information to determine a rate that will be profitable for them. Models that the statistics show to have increased claim numbers or amounts will have higher rates. The information below illustrates the insurance loss data for Nissan Armada vehicles.

For each type of coverage, the statistical loss for all vehicles, as a total average, is a value of 100. Percentage numbers below 100 are indicative of better than average losses, while numbers that are greater than 100 indicate more frequent losses or statistically larger claims.

Nissan Armada Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Compare prices but buy from a local neighborhood Madison car insurance agent

Many drivers would rather go talk to an agent and that is not a bad decision Insurance agents can answer important questions and give you someone to call. The biggest benefit of getting free rate quotes online is the fact that drivers can get better rates but still work with a licensed agent.

Find insurance agent in MadisonFor easy comparison, once you complete this simple form, your coverage information is immediately sent to local insurance agents in Madison that can give you free Madison car insurance quotes and help you find cheaper coverage. There is no reason to drive around due to the fact that quote results will go directly to you. If you wish to get a price quote for a specific company, you would need to jump over to their website and give them your coverage information.

Finding the right insurer should depend on more than just the quoted price. Any agent in Madison should have no problem answering these questions:

  • How many years of experience in personal auto insurance do they have?
  • Is every driver in your family covered?
  • Has the agent ever had any license suspensions?
  • Will one accident increase rates?
  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.

If you are wanting to purchase auto insurance from a reputable agency, there are a couple of different agency structures and how they are distinctly different. Agents can be categorized as either independent or exclusive. Either can sell auto insurance policies, but it's worth mentioning the subtle differences because it may have an impact on your agent selection.

Exclusive Agencies

Exclusive agents are contracted to one company like Allstate, State Farm and Farmers Insurance. Exclusive agents are unable to place coverage with different providers so they really need to provide good service. Exclusive agents are well schooled on their products and sales techniques and that can be a competitive advantage.

The following is a list of exclusive agents in Madison who may provide you with comparison quotes.


4222 Milwaukee St Ste 81 - Madison, WI 53714 - (608) 241-8688 - View Map


424 S Park St - Madison, WI 53715 - (608) 257-5132 - View Map


1633 Thierer Rd - Madison, WI 53704 - (608) 249-2184 - View Map

More insurance agents

Independent Insurance Agents

Independent insurance agents are appointed with more than one company so they can quote policies with a variety of different insurance companies and find the cheapest auto insurance rates. If they find a lower price, they simply move your policy to a different company and you don't have to do anything.

If you need cheaper auto insurance rates, it's recommended you check rates from several independent insurance agents to maximize your price options.

Below are Madison independent agents that can give you price quote information.


6666 Odana Rd - Madison, WI 53719 - (608) 467-6804 - View Map


525 Junction Rd #8505 - Madison, WI 53717 - (608) 204-7055 - View Map


1800 Deming Way - Madison, WI 53717 - (608) 836-3000 - View Map

More insurance agents

Once you have acceptable answers to any questions you have as well as the cheapest Nissan Armada insurance in Madison quotes, you've probably found a car insurance agent that meets the criteria to insure your vehicles. Keep in mind consumers can terminate coverage for any reason so never feel that you're stuck with a specific company with no way to switch.

It may be expensive, but it's not optional

Despite the high insurance cost for a Nissan Armada in Madison, buying insurance is required in Wisconsin but also provides important benefits.

  • The majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability coverage in order to be legal. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you took out a loan on your Nissan Armada, most lenders will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank will be required to insure your Nissan at a significantly higher premium and make you pay the higher premium.
  • Insurance protects your vehicle and your assets. It will also provide coverage for many types of medical costs that are the result of an accident. Liability insurance also pays expenses related to your legal defense in the event you are sued. If your Nissan gets damaged, your insurance policy will pay to restore your vehicle to like-new condition.

The benefits of having insurance greatly outweigh the cost, especially for larger claims. Despite what companies tell you, the average driver is currently overpaying as much as $820 a year so it's very important to do a rate comparison at every renewal to be sure current rates are still competitive.

Car insurance company ratings

Insuring your vehicle with the top car insurance company can be a challenge considering how many different companies insure vehicles in Wisconsin. The company rank data listed below can help you decide which car insurance companies you want to consider comparing rates from.

Top 10 Madison Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 92%
  2. Erie Insurance - 88%
  3. American Family - 88%
  4. State Farm - 88%
  5. Nationwide - 88%
  6. 21st Century - 88%
  7. AAA Insurance - 87%
  8. Liberty Mutual - 87%
  9. Farmers Insurance - 87%
  10. The Hartford - 87%

Top 10 Madison Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. AAA Insurance
  7. Safeco Insurance
  8. GEICO
  9. Esurance
  10. The General

Don't give up on cheap premiums

When buying insurance coverage, it's not a good idea to buy less coverage just to save a little money. Too many times, an insured cut collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal is to find the BEST coverage at an affordable rate, but don't skip important coverages to save money.

You just learned many ways to find cheaper Nissan Armada insurance in Madison. It's most important to understand that the more you quote Madison car insurance, the higher your chance of finding affordable Nissan Armada insurance quotes. Consumers may even find the best price on car insurance is with some of the smallest insurance companies. Some small companies may often insure only within specific states and give better rates as compared to the big name companies such as Allstate, GEICO and Progressive.

Even more information is located by following these links: