personal driver for the weekends, when im off work.
Why are other insurance quotes upwards of $150/month for an older car?
This is because older cars are generally worth less and therefore cost less to insure. However, the amount you pay for your car insurance will also depend on a number of other factors, such as your driving history, the type of car you drive, and where you live.
Understanding High Insurance Rates for an Older Car like Maxima Nissan in Goodman, Missouri
When it comes to insuring an older car like a Nissan Maxima, especially in a location like Goodman, Missouri, there can be a variety of factors that contribute to higher than expected insurance rates. Here, we’ll break down a few of these factors:
1. The Specific Location
Goodman, Missouri, like any other location, has unique characteristics that insurers consider when determining rates. This can include the local crime rate, particularly auto theft, the number of uninsured drivers on the road, the general traffic conditions and accident rates, and even weather patterns, which can affect road safety.
2. The Vehicle Model
Even if the Nissan Maxima is an older model, it may still be more expensive to insure due to factors such as its safety ratings, the cost of repairs, and the likelihood of theft. For instance, if parts for this particular model are harder to find or more expensive, this can increase insurance premiums.
3. The Driver's Profile
Insurance companies also factor in personal details of the driver like their age, driving history, and credit score. If a driver is younger, has past accidents or traffic violations, or has a low credit score, these could contribute to higher insurance rates.
4. The Coverage Type
The type of coverage you opt for can significantly influence your premium. Comprehensive and collision coverages will certainly cost more than a liability-only policy. If you're choosing higher coverage limits or lower deductibles, your premium will also be higher.
Let's break down the average cost of insuring a Nissan Maxima in Missouri using a variety of factors:
|Age Group||Average Annual Premium|
Please note these are rough averages and actual costs can vary based on the individual's driving profile, coverage options, and other factors.
If you find that your quotes are higher than you'd expect or can afford, it may be worth shopping around to compare prices from various providers, adjusting your coverage options, or exploring discounts (like safe driver or bundling discounts) that you may qualify for.
Ready to compare? Use this link to compare car insurance quotes and find the best deal for your Nissan Maxima in Goodman, Missouri.
Remember, while cost is an important factor, it's crucial to ensure you have sufficient coverage to protect yourself financially in the event of an accident or damage to your vehicle.
- Chlora Lindley-Myers, Director
- (Midwest Zone)
- Department of Insurance
- Fin. Institutions & Prof. Registration (DIFP)
- PO Box 690
- Jefferson City, Missouri 65102-0690
- Phone: 573.751.4126
- Fax: 573.751.1165
- Street Address:
- 301 West High Street, Suite 530
- Jefferson City, Missouri 65101
Department of InsuranceTo request professional legal assistance with an insurance question or file an insurance-related complaint online, please visit website of licensed in your State.
Ask for better quotes - onlineThe states with the cheapest car insurance has average rates for this vehicle around $30 dollars, and the states with the most expensive rates are around $220 a month/year. The right discount can save you hundreds of dollars off your car insurance bill. Auto insurance companies in Goodman, Missouri use rating factors, to determine how much to charge you for coverage. These rating factors include: the make, model and year of your Nissan, Maxima and similar vehicles.
Myths about car insuranceHow much do you pay to insure your Nissan, Maxima? Car insurance rates among states vary widely and insurance companies need to figure out if the applicant is too risky for them to insure. Auto insurance is very expensive, probably one of the most costly part of driving. How much do you pay for your policy in Goodman, Missouri? 100$? More or less?
Minimum insurance requirements
All Missouri drivers are required to purchase and maintain the following minimum amounts of liability coverage:
- $25,000 for bodily injury, per person.
- $50,000 for total bodily injury (when multiple people are injured).
- $10,000 for total property damage.