Affordable Quotes for Nissan Murano Insurance in Albuquerque

Discount Nissan Murano insuranceTruthfully, the best way to save money on Nissan Murano insurance is to annually compare prices from insurers that insure vehicles in Albuquerque.

  1. Try to comprehend car insurance and the things you can change to lower rates. Many factors that cause rate increases such as traffic citations, accidents, and a less-than-favorable credit score can be rectified by making minor changes in your lifestyle. Continue reading for more information to get better rates and find missing discounts.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of companies.
  3. Compare the new rates to the premium of your current policy to see if cheaper Murano coverage is available. If you find a better price and change companies, make sure there is no coverage gap between policies.
  4. Provide notification to your current agent or company of your intent to cancel your current car insurance policy and submit a down payment and signed policy application to your new company or agent. Once coverage is bound, put the proof of insurance paperwork along with your vehicle registration.

A good tip to remember is to make sure you enter identical coverages on each quote and to quote with every company you can. This enables a fair price comparison and a complete price analysis.

Unbelievably, most car insurance customers have stayed with the same insurance company for four years or more, and practically 40% of car insurance customers have never compared car insurance rates at all. Many consumers in New Mexico can save hundreds of dollars each year by just shopping around, but most just don’t grasp the actual amount they would save if they switched.

Compare Albuquerque Nissan Murano insurance rate quotes

The are a couple different ways to obtain and compare prices from local Albuquerque insurance companies. The recommended way to compare rates is simply to get online rate quotes.

Getting free quotes online is quite simple, and it replaces the need to drive to each insurance agency near you. Shopping for insurance online can eliminate the need for a local agent unless you have a need for the professional advice that can only be provided by a licensed insurance agent. However, consumers can comparison shop your insurance online and still use a local agent. When comparison shopping, comparing all the rates in your area helps you find the best offered rates. Some companies don’t provide rate quotes online, so it’s important to also get prices from the smaller companies as well.

The providers in the list below offer free quotes in New Mexico. If you want to find cheap car insurance in NM, it’s highly recommended you compare several of them in order to get a fair rate comparison.

Premium rates and analysis

The coverage information shown next showcases detailed analysis of insurance prices for Nissan Murano models. Understanding more about how insurance policy premiums are determined can be of help when making informed decisions when comparing rate quotes.

Nissan Murano Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $196 $332 $328 $20 $98 $974 $81
Murano S AWD $196 $332 $328 $20 $98 $974 $81
Murano SL 2WD $196 $332 $328 $20 $98 $974 $81
Murano SL AWD $196 $332 $328 $20 $98 $974 $81
Murano LE 2WD $222 $390 $328 $20 $98 $1,058 $88
Murano LE AWD $222 $390 $328 $20 $98 $1,058 $88
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific location which can impact prices substantially.

Choosing deductibles

One frequently asked question is where to set your physical damage deductibles. The rates below can help illustrate the rate fluctuation between high and low physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Nissan Murano insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $278 $500 $322 $20 $96 $1,241 $103
Murano S AWD $278 $500 $322 $20 $96 $1,241 $103
Murano SL 2WD $278 $500 $322 $20 $96 $1,241 $103
Murano SL AWD $278 $500 $322 $20 $96 $1,241 $103
Murano LE 2WD $312 $590 $322 $20 $96 $1,365 $114
Murano LE AWD $312 $590 $322 $20 $96 $1,365 $114
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Nissan Murano insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $154 $264 $322 $20 $96 $856 $71
Murano S AWD $154 $264 $322 $20 $96 $856 $71
Murano SL 2WD $154 $264 $322 $20 $96 $856 $71
Murano SL AWD $154 $264 $322 $20 $96 $856 $71
Murano LE 2WD $174 $310 $322 $20 $96 $922 $77
Murano LE AWD $174 $310 $322 $20 $96 $922 $77
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in zip code location which can change premiums greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $34 more each month or $408 each year across all Nissan Murano models than quoting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 26 months between claims, you would save more money going with the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $107
Average monthly premium for $1,000 deductibles (subtract): – $73
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One big caveat is that a higher deductible level means you will have to cover more of the damage yourself when you have a claim. You should have some extra funds in the event you need to pay the deductible to have repairs made.

Irresponsible driving raises your rates

The diagram below shows how speeding tickets and fender-benders impact Nissan Murano yearly insurance costs for different age groups. The premiums assume a married male driver, comp and collision included, $250 deductibles, and no discounts are factored in.

Nissan Murano insurance rates by age and gender

The chart below illustrates the comparison of Nissan Murano car insurance rates for male and female drivers. Data assumes a clean driving record, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no additional discounts are factored in.

Smart Buyers Save on Insurance

Multiple criteria are taken into consideration when premium rates are determined. Some are pretty understandable such as traffic violations, although some other factors are more obscure like your vehicle usage and annual miles driven. Part of the auto insurance buying process is learning the factors that help determine the rates you pay for auto insurance. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that could result in cheaper rates.

Your address can push rates up or down – Residing in less populated areas of the country has definite advantages when trying to find low car insurance rates. People who live in big cities have to deal with much more traffic and more severe claims. Fewer drivers and short commutes translates into fewer accident claims and lower theft and vandalism rates.

Pay more out-of-pocket – Protection for physical damage, also called ‘full coverage’, covers your vehicle from damage. A few examples of covered claims are running into the backend of another car, hitting a deer, and damage caused by flying debris. The deductibles define the amount you are willing to pay if you file a covered claim. The more damage repair cost you have to pay, the bigger discount you will receive.

Certain vocations raise rates – Occupational choices like real estate brokers, police officers, and medical professionals generally have higher rates than the rest of us due to intense work situations and lengthy work days. On the other hand, careers such as actors, historians and retirees have the lowest average rates.

Having a spouse is a bonus – Having a wife or husband helps lower the price on your auto insurance policy. Having a significant other translates into being more mature and statistics prove drivers who are married are more cautious.

Safeguard your assets with liability insurance – The liability section of your policy will provide protection if you are determined to be liable for damages from an accident. Your policy’s liability insurance provides you with a defense in court to defend your case. It is affordable coverage as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.

Never have auto insurance lapses – Allowing your auto insurance policy to lapse can be a sure-fire way to increase your renewal premiums. Not only will you pay higher rates, getting caught without coverage might get you a steep fine or even jail time. You may have to file a SR-22 with the New Mexico DMV.

Better auto insurance rates on cars with good safety ratings – Safer cars are cheaper to insure. Safe vehicles result in less severe injuries and any reduction in injury severity means your insurance company pays less which can mean better rates for you. If your Nissan Murano has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

Nissan Murano claim probability – Insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that the statistics show to have a trend towards higher claims will have higher rates for specific coverages. The next table shows the historical loss data for Nissan Murano vehicles.

For each type of coverage, the claim amount for all vehicles averaged together is equal to 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

Nissan Murano Insurance Claim Statistics
Vehicle 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need insurance for your vehicle

Even though it’s not necessarily cheap to insure a Nissan in Albuquerque, buying auto insurance serves several important purposes.

The benefits of insuring your Murano more than offset the price you pay, especially if you ever need it. But the average American driver is currently overpaying as much as $810 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.