How to Save on Aurora Nissan Murano Insurance

Everyone knows that auto insurance companies want to keep you from comparing rates. Consumers who get price comparisons will, in all likelihood, switch to a new company because there is a good probability of finding more affordable rates. A study discovered that drivers who compared rates once a year saved as much as $3,450 over four years compared to people who never shopped around for lower prices.

If finding the best price on Nissan Murano insurance is your ultimate goal, then knowing the best way to shop and compare insurance rates can make it easier for you to save money.

If you want to save the most money, the best way to find more affordable auto insurance rates in Aurora is to compare prices annually from insurers who provide car insurance in Colorado.

• Step 1: Spend a few minutes and learn about how your policy works and the things you can change to prevent rate increases. Many risk factors that are responsible for high rates such as high-risk driving behaviors and your credit history can be improved by making small lifestyle or driving habit changes. Read the full article for more information to help prevent high rates and find discounts that you may qualify for.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple companies.
• Step 3: Compare the new rate quotes to your existing rates to see if switching to a new carrier will save money. If you find better rates and make a switch, ensure there is no coverage lapse between policies.

The most important part of this process is to use identical deductibles and limits on each price quote and and to get price quotes from every company you can. This enables an accurate price comparison and a good representation of prices.

The providers in the list below have been selected to offer quotes in Colorado. To find cheap auto insurance in Aurora, it’s highly recommended you get rates from several of them to get the most affordable price.

Nissan Murano coverage statistics

The premium table below highlights a range of insurance coverage prices for Nissan Murano models. Being more informed about how policy premiums are established helps drivers make smart policy decisions.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in your specific Aurora location which can change coverage rates substantially.

Policy deductible comparison

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The figures shown below illustrate the cost difference when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in Aurora location which can influence coverage prices considerably.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $25 more each month or $300 each year across all Nissan Murano models than opting for the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 16 months between claims, you would probably come out ahead if you decide on a higher deductible.

The chart below demonstrates how deductible levels and can raise or lower Nissan Murano insurance costs for different ages of insureds. The premiums are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Nissan Murano insurance rates by age and gender

The information below shows the difference between Nissan Murano insurance premiums for male and female drivers. The data is based on a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, single status, and no discounts are taken into consideration.

Difference between liability only and full coverage rates

The information below illustrates the comparison of Nissan Murano yearly insurance costs when comparing full coverage to state minimum liability only. The costs are based on no claims or violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no exact rule for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Nissan Murano claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after the deductible is paid. If premiums are more than $400 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few cases where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Aurora Insurance Costs are Influenced by These Factors

Many things are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving history, but other factors are not quite as obvious such as your credit history or your vehicle rating.

• Higher physical damage deductibles lower prices – Insurance for physical damage to your car, aka comp and collision, is used to repair damage to your vehicle. Some coverage claims would be running into the backend of another car, damage from fire, and damage from a fallen tree branch. Physical damage deductibles state the amount of money you are willing to pay in the event of a claim. The more you pay before a claim is paid (deductible), the lower your rates will be.

• Cautious drivers pay less – Your driving record has a big impact on rates. Drivers with clean records get better prices than people who have multiple driving citations. Having a single driving citation may increase your cost substantially. Drivers who have gotten dangerous violations such as reckless driving or DUI may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to prevent a license revocation.

  The chart below highlights how speeding tickets and accident claims can increase Nissan Murano insurance premiums for different age groups. The price estimates are based on a married female driver, full coverage, $250 deductibles, and no policy discounts are applied.

• How old are your drivers? – Older people are more responsible, are lower risk to insure, and are safer drivers. Beginning drivers have been known to be more careless when driving therefore car insurance rates are much higher.

  The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Save by driving safer cars – Cars with high safety ratings cost less to insure. Vehicles built for safety reduce occupant injuries and lower injury rates translates into savings for insurance companies and cheaper rates on your policy. If your Nissan Murano scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.

• Nissan Murano claim data – Insurers analyze past claim statistics as a way to help calculate a profitable premium rate. Vehicles that tend to have higher number or severity of losses will have increased rates. The table below outlines the compiled insurance loss statistics for Nissan Murano vehicles.

  For each coverage type, the claim probability for all vehicles averaged together equals 100. Numbers under 100 mean the vehicle has better than average losses, while numbers that are greater than 100 point to more claims or an increased chance of larger losses than average.

  
  

  Insurance Loss Ratings for Nissan Murano Vehicles

  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

  BETTER

  AVERAGE

  WORSE

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

Three good reasons to insure your Nissan Murano

Despite the high cost of buying insurance for a Nissan Murano in Aurora, insuring your vehicle serves a purpose in several ways.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability coverage in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Murano has a loan, most banks will make it mandatory that you carry insurance to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Nissan for a much higher rate and make you pay much more than you were paying before.
• Insurance protects not only your Nissan Murano but also your assets. It will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance more than offset the price you pay, particularly if you ever have a claim. On average, a vehicle owner in Aurora overpays as much as $800 each year so shop around at least once a year to help ensure money is not being wasted.