A recent study showed that most consumers have bought insurance from the same company for a minimum of four years, and about 40% of consumers have never compared rates with other companies. With the average insurance premium being $1,244, New Mexico drivers can save nearly $470 each year, but they underestimate the actual amount they would save if they switch to a new company.
If you want to find the absolute lowest rates, then the best way to get the cheapest Nissan Titan insurance is to do an annual price comparison from companies that sell auto insurance in Albuquerque. Drivers can shop around by completing these steps.
- Get an understanding of how your policy works and the factors you can control to keep rates low. Many rating factors that result in higher prices like traffic violations, accidents, and a bad credit rating can be controlled by making minor driving habit or lifestyle changes. Keep reading for the details to keep prices down and earn a bigger discount.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like Progressive or State Farm, while independent agents can provide price quotes from multiple insurance companies. View companies
- Compare the new rate quotes to your existing coverage and determine if cheaper Titan coverage is available. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Give proper notification to your current agent or company of your intent to cancel your current auto insurance policy. Submit a down payment and signed policy application for the new coverage. Once received, place your new certificate verifying proof of insurance with your registration paperwork.
The key thing to know about shopping around is that you use the same liability limits and deductibles on each quote and and to get price estimates from as many carriers as you can. This provides a fair price comparison and a complete selection of prices.
Pricing the best-priced coverage in Albuquerque is not that difficult. If you’re already insured or just want cheaper coverage, you can learn to get lower rates while maintaining coverages. Comparison shoppers just need to understand the most efficient way to find the lowest price on the web.
The following companies have been selected to offer price comparisons in New Mexico. If you want the best cheap auto insurance in Albuquerque, we suggest you compare several of them in order to get a fair rate comparison.
Get cheaper Nissan Titan insurance in Albuquerque with discounts
Car insurance companies don’t necessarily list every discount available in an easy-to-find place, so here is a list a few of the more common as well as the least known discounts that you may qualify for.
- Multiple Policy Discount – If you have multiple policies and insure them with the same company you may earn 10% to 20% off each policy.
- Seat Belt Usage – Drivers who require all vehicle occupants to fasten their seat belts could cut 10% or more on medical payment and PIP coverage.
- Renewal Discounts – A few insurance companies allow discounts for buying a policy before your current Titan insurance policy expires. You can save around 10% with this discount.
- Defensive Driver – Participating in a course in defensive driver may get you a small discount if your company offers it.
- Telematics Data Discounts – Insureds that choose to allow driving data collection to scrutinize where and when they drive by using a telematic data system like Allstate’s Drivewise could see a rate decrease if their driving habits are good.
Please keep in mind that some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like comp or med pay. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way.
The illustration below compares Nissan Titan premium costs with and without policy discounts. The rate quotes are based on a male driver, no claims or driving citations, New Mexico state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, marriage, multi-policy, and multi-car discounts applied.
Some companies that may offer policyholders most of these discounts include:
Before you buy a policy, ask every prospective company what discounts are available to you. Some credits may not apply in your area. If you would like to view companies with significant discounts in New Mexico, click this link.
Car insurance analysis for a Nissan Titan
The rate information displayed next covers detailed analysis of insurance costs for Nissan Titan models. Having a good grasp of how insurance premiums are formulated is important to be able to make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Titan XE King Cab 4WD||$272||$576||$390||$24||$116||$1,378||$115|
|Titan XE King Cab 2WD||$306||$576||$488||$28||$146||$1,544||$129|
|Titan XE Crew Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|Titan SE King Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|Titan XE Crew Cab 2WD||$306||$576||$488||$28||$146||$1,544||$129|
|Titan SE King Cab 2WD||$306||$576||$488||$28||$146||$1,544||$129|
|Titan SE Crew Cab 4WD||$306||$678||$390||$24||$116||$1,514||$126|
|Titan Pro-4X King Cab 4WD||$306||$678||$390||$24||$116||$1,514||$126|
|Titan SE Crew Cab 2WD||$306||$678||$488||$28||$146||$1,646||$137|
|Titan Pro-4X Crew Cab 4WD||$306||$678||$390||$24||$116||$1,514||$126|
|Titan LE Crew Cab 4WD||$306||$678||$390||$24||$116||$1,514||$126|
|Titan LE Crew Cab 2WD||$342||$678||$488||$28||$146||$1,682||$140|
|Get Your Own Custom Quote Go|
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price information does not factor in your specific Albuquerque location which can lower or raise rates substantially.
Cost comparison with and without full coverage
The information below illustrates the difference between Nissan Titan insurance premiums with liability coverage only compared to full coverage. The prices are based on no accidents, no driving violations, $250 deductibles, single marital status, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no clear-cut formula that works best for making the decision to drop comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Nissan Titan replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are some situations where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Car insurance company ratings
Insuring your vehicle with a highly-rated insurance provider can be difficult considering how many different companies there are to choose from in New Mexico. The company information listed below could help you select which coverage providers you want to consider when comparing rates.
Top 10 Albuquerque Car Insurance Companies Overall
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Top 10 Albuquerque Car Insurance Companies Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Smart Buyers Can Lower Their Insurance Rates
A large part of saving on car insurance is knowing some of the factors that are used to determine your premiums. If you understand what impacts premium levels, this enables you to make decisions that may reward you with big savings. Multiple criteria are part of the equation when you get your auto insurance bill. A few of the factors are predictable such as your driving record, but others are more transparent such as your credit history or your vehicle rating.
The factors shown below are some of the items used by insurance companies to determine your premiums.
Tickets and citations cost more than a fine – Attentive drivers pay less for auto insurance as compared to careless drivers. Having just one speeding ticket or other violation can increase the cost of insurance to the point where it’s not affordable. Drivers unfortunate enough to have serious violations such as reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to legally drive a vehicle.
The chart below demonstrates how traffic citations and accidents can increase Nissan Titan annual premium costs for different age categories. The rate quotes are based on a married male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
Older drivers pay less – Mature drivers are proven to be safer behind the wheel, tend to file fewer claims, and usually have better credit. Young drivers are known to be careless and easily distracted behind the wheel and because of this, their car insurance rates are much higher.
The chart below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
Guys tend to take more risk – Over time, data shows that men are more aggressive behind the wheel. This data doesn’t prove that women are BETTER drivers than men. They both get in at-fault accidents in similar percentages, but men get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like DUI and reckless driving. Young males have the highest risk to insure so it costs more to insure them.
The information below shows the comparison of Nissan Titan insurance premiums for male and female drivers. The information is based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Higher coverage deductibles save money – The deductibles you choose are the amount of money you are required to spend if a claim is determined to be covered. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some coverage claims are a windshield broken by a bird, fire damage, or theft of your vehicle. The more expense the insured is willing to pay, the less money you will pay for car insurance.
Nissan Titan statistical loss data – Car insurance companies include the past claim history for a vehicle when they file their rates in each state. Models that tend to have higher claim amounts or frequency will have higher rates. The table below outlines the historical loss data for Nissan Titan vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, as a total average, is equal to 100. Values below 100 suggest a better than average loss history, while values that are 100 or greater indicate more frequent losses or tendency to have higher losses.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan Titan Crew Cab 2WD||95||127||120|
|Nissan Titan Crew Cab 4WD||95||137||109||77||99||108|
|Nissan Titan Ext Cab 2WD||117||111|
|Nissan Titan Ext Cab 4WD||106||107|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years