Nissan Maxima Insurance Rate Quotes in Honolulu

Surprisingly, a recent survey revealed that over 70% of drivers renewed their policy with the same company for four years or more, and 38% of customers have never even compared rates from other companies. The average driver in Hawaii could save as much as $360 every year just by getting comparison quotes, but they just don’t understand how easy it is to compare rates and save money.

Insurance quote for Nissan Maxima in HonoluluIf your goal is the lowest price, then the best way to find cheaper prices for auto insurance rates is to start doing an annual price comparison from insurers who sell auto insurance in Honolulu. Rates can be compared by following these guidelines.

An important note is that you’ll want to compare identical coverage information on every quote request and to quote with as many companies as you can. This provides a level playing field and the most accurate and complete price analysis.

If you’re already insured or need a new policy, use these techniques to cut your premiums and still have adequate protection. The purpose of this post is to help you learn how to compare rates easily. Vehicle owners just need to learn the proper way to compare company rates over the internet.

Companies offering Nissan Maxima insurance in Honolulu

The companies shown below have been selected to offer quotes in Honolulu, HI. If multiple companies are listed, it’s highly recommended you click on several of them in order to get a fair rate comparison.

Insurance coverage analysis

The table displayed next highlights estimates of insurance coverage prices for Nissan Maxima models. Learning more about how prices are figured can be useful when making informed decisions.

Nissan Maxima Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $252 $468 $320 $18 $96 $1,154 $96
Maxima 3.5 SV $252 $538 $320 $18 $96 $1,224 $102
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in specific zip code location which can decrease or increase prices substantially.

Comparison of policy deductibles

A question often asked by Honolulu drivers is where to set your physical damage deductibles. The premium rates below highlight the rate difference between low and high insurance deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Nissan Maxima insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $286 $484 $264 $16 $80 $1,155 $96
Maxima 3.5 SV $286 $558 $264 $16 $80 $1,229 $102
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Nissan Maxima insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Maxima 3.5 S $158 $256 $264 $16 $80 $774 $65
Maxima 3.5 SV $158 $294 $264 $16 $80 $812 $68
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Table data does not factor in zip code location which can modify prices greatly.

We can derive from the above data that using a $100 deductible will cost you about $32 more each month or $384 each year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 28 months between claim filings, you would probably come out ahead if you choose a higher deductible. The table below shows an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $99
Average monthly premium for $1,000 deductibles (subtract): – $67
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important issue to know is that increasing deductibles to lower your rates means you will have to pay more out-of-pocket when you file a claim. You need some savings in order to pay the deductible for vehicle repair.

Drive responsibly or pay higher rates

The chart below demonstrates how traffic citations and at-fault fender-benders can raise Nissan Maxima annual premium costs for different insured age categories. The rates are based on a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Nissan Maxima full coverage rates compared to liability only

The illustration below compares Nissan Maxima insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Hawaii. The information is based on no violations or claims, $100 deductibles, single marital status, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no definitive rule to stop buying full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Nissan Maxima replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where removing full coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.

Verify you’re receiving every discount

Buying insurance is not cheap, but discounts can save money and there are some available that you may not even be aware of. Some discounts will apply at the time you complete a quote, but some must be asked for before being credited.

You can save money using discounts, but some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as comp or med pay. Even though the math looks like adding up those discounts means a free policy, that’s just not realistic.

The example below shows the difference between Nissan Maxima insurance costs with and without discounts being applied to the rates. Data assumes a female driver, no tickets, no at-fault accidents, Hawaii state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, claim-free, multi-policy, and safe-driver discounts applied.

The best insurance companies and the discounts they provide can be read below.

If you need affordable Honolulu auto insurance quotes, ask each company to apply every possible discount. Savings might not be offered on policies everywhere.

Situations that may require an agent’s advice

Always keep in mind that when comparing the right insurance coverage for your vehicles, there really isn’t a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that may help you determine if you will benefit from professional help.

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Insurance agent or online?

A lot of people just want to talk to a local agent and that is just fine! Most agents can help determine the best coverages and help you file claims. One of the great benefits of getting free rate quotes online is that you can obtain cheap car insurance rates and still choose a local agent. Putting coverage with local insurance agents is still important in Honolulu.

Upon completion of this form (opens in new window), the coverage information is sent to companies in Honolulu that can provide free Honolulu auto insurance quotes for your car insurance coverage. You never need to do any legwork since price quotes are sent directly to you. If you need to get a rate quote from one company in particular, just jump over to their website and complete a quote there.

If you prefer to buy car insurance from a good Honolulu insurance agent, it’s helpful to know the different types of agents and how they differ in how they can insure your vehicles. Agencies in Honolulu may be either exclusive or independent (non-exclusive). Either one can insure your vehicles properly, but it’s important to point out the difference in the companies they write for because it can impact buying decisions.

Independent Agents (or Brokers)

Independent agents often have many company appointments so they can insure your vehicles with many different companies and potentially find a lower price. If prices rise, they simply switch companies in-house and you can keep the same agent.

When comparison shopping, you definitely need to compare prices from at a minimum one independent agency in order to compare the most rates. Many write coverage with smaller companies which can save you money.

Listed below are Honolulu independent insurance agencies that may be able to give pricing information.

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Exclusive Car Insurance Agencies

Exclusive insurance agents normally can only provide a single company’s rates and examples are State Farm, Allstate and AAA. They are unable to provide other company’s prices so they really need to provide good service. Exclusive agents are well trained on what they offer and that can be a competitive advantage. Many people buy from the same agent for years primarily because of high brand loyalty rather than having low rates.

Below are exclusive insurance agencies in Honolulu willing to provide price quotes.

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Finding a good insurance agency requires more thought than just a cheap price. You should also get answers to these questions.

Quote more to save more

In this article, we covered quite a bit of information on how to get a better price on Nissan Maxima insurance in Honolulu. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable Nissan Maxima insurance quotes. You may even discover the lowest premium rates come from a small local company.

As you go through the steps to switch your coverage, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. Your objective should be to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

More affordable insurance in Honolulu can be found on the web in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not provide the ability to get quotes online and most of the time these regional insurance providers sell through independent insurance agencies.

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