Nissan Altima Insurance Cost – 2023 Rates + Comparisons

How much will it cost to insure a Nissan Altima?

We analyzed average rates from the S model to the high end SR VC-Turbo trim level to see how insurance rates on the Altima compare to the entire 2023 midsize car segment.

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How much does Nissan Altima insurance cost?

Nissan Altima insurance costs an average of $1,882 annually for full coverage. Monthly insurance cost for the Altima averages $157 and ranges from $149 to $166, depending on the trim level.

Expect to pay about $82 more annually to insure a Nissan Altima compared to the average rate for all midsize cars, and $197 more per year than the overall national average of $1,685 for all vehicles combined.

The following chart illustrates how average Altima car insurance rates vary depending on the age of the driver and a range of policy deductibles. Average cost in the chart below ranges from $1,436 per year for a 60-year-old driver with high physical damage deductibles to $4,310 per year for a 20-year-old driver with $250 physical damage deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2023 Nissan Altima with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Nissan Altima trim levels.Data last updated on January 23, 2023
Nissan Altima Car Insurance Rates
Nissan Altima Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,196$266
$500$3,740$312
$250$4,310$359
30$1,000$1,670$139
$500$1,976$165
$250$2,292$191
40$1,000$1,602$134
$500$1,882$157
$250$2,172$181
50$1,000$1,464$122
$500$1,716$143
$250$1,978$165
60$1,000$1,436$120
$500$1,682$140
$250$1,940$162

Car insurance rates have a tremendous number of variables, with location being one of the largest factors.

To help you comprehend the incredibly large range of insurance rates, consider that liability-only insurance for an Altima in the most affordable parts of Virginia or North Carolina can cost around $204 a year.

For the same style of Nissan Altima, a teenager with a couple of driving violations in specific New York City zip codes could receive a car insurance bill for $16,362 a year for full coverage.

The table below shows average Nissan Altima car insurance rates for the 2010 to 2023 model years and for rated drivers aged 20 through 60.

Nissan Altima Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Nissan Altima$3,740$1,882$1,682
2022 Nissan Altima$3,694$1,852$1,658
2021 Nissan Altima$3,304$1,662$1,486
2020 Nissan Altima$3,262$1,640$1,464
2019 Nissan Altima$3,224$1,618$1,448
2018 Nissan Altima$3,214$1,612$1,444
2017 Nissan Altima$3,076$1,546$1,384
2016 Nissan Altima$2,812$1,416$1,266
2015 Nissan Altima$2,568$1,298$1,158
2014 Nissan Altima$2,542$1,278$1,144
2013 Nissan Altima$2,508$1,260$1,130
2012 Nissan Altima$2,458$1,235$1,107
2011 Nissan Altima$2,409$1,210$1,085
2010 Nissan Altima$2,361$1,186$1,064

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Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Nissan Altima Car Insurance Rates by Model Year

What is the cheapest Nissan Altima insurance?

The cheapest Nissan Altima insurance will be on the lower-end models like the S and SL trims. Average rates for those models cost around $1,784 per year, or about $149 per month.

As a general rule, the lower the MSRP is for the Altima model you buy, the cheaper car insurance will be. Adding extra options and packages, or moving up to higher-end trim levels, is pretty much guaranteed to increase the cost of insurance.

At the high end of the Nissan Altima insurance cost range, the three most expensive Altima models to insure are the SL, the SL AWD, and the SR VC-Turbo trim levels at around $1,938,  $1,964, and $1,990 per year, respectively. The lowest-cost six models of Altima all have similar insurance rates at an average cost of $1,784 per year.

The next table shows average prices for annual and 6-month car insurance policies, plus a monthly budget amount, for each Nissan Altima model trim level.

2023 Nissan Altima Insurance Cost by Trim Level
Nissan Altima Trim Level Annual Policy 6-month Policy Per Month
S$1,784$892$149
SV$1,806$903$151
SR$1,842$921$154
SV AWD$1,846$923$154
SR AWD$1,880$940$157
SL$1,938$969$162
SL AWD$1,964$982$164
SR VC-Turbo$1,990$995$166

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Nissan Altima, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Nissan Altima Insurance Cost by Trim Level

How does Altima insurance rank against other sedans?

The Nissan Altima ranks ninth out of 11 comparison vehicles in the 2023 midsize car category for car insurance affordability. The Altima costs an average of $1,882 per year to insure for full coverage, while the segment median rate is $1,800 per year, a difference of only $82 per year.

When compared to the top-selling other midsize cars, car insurance for a 2023 Nissan Altima costs $204 more per year than the Toyota Camry, $100 more than the Honda Accord, $78 more than the Tesla Model 3, and $166 more than the Chevrolet Malibu.

The chart table shows how well average Altima insurance rates fare against the rest of the 2023 midsize car segment for car insurance affordability.

Insurance Cost Comparison: Nissan Altima vs Midsize Cars
Rank Make/Model Insurance Cost Difference
1Subaru Legacy$1,626-$256
2Toyota Camry$1,678-$204
3Kia K5$1,702-$180
4Chevrolet Malibu$1,716-$166
5Honda Accord$1,782-$100
6Toyota Crown$1,792-$90
7Tesla Model 3$1,804-$78
8Volkswagen Arteon$1,850-$32
9Nissan Altima$1,882--
10Hyundai Sonata$1,966$84
11Kia Stinger$1,998$116

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2023 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Insurance Cost Comparison: Nissan Altima vs Midsize Cars

Additional noteworthy data insights concerning Altima insurance cost include:

  • Research discounts to save money. Discounts may be available if the policyholders belong to certain professional organizations, insure multiple vehicles on the same policy, are loyal customers, are homeowners, or many other discounts which could save the average driver as much as $320 per year.
  • High-risk drivers pay a lot more for insurance. For a 20-year-old driver, having to buy a high-risk insurance policy can increase the cost by $2,906 or more per year.
  • Get cheaper rates because of your employer. The large majority of auto insurance providers offer discounts for having a job in professions like doctors, members of the military, lawyers, police officers and law enforcement, high school and elementary teachers, college professors, and other occupations. If you can get this discount applied to your policy, you may save between $56 and $178 on your annual car insurance bill, depending on the policy coverages selected.
  • Be a careful driver and save. Having a few at-fault accidents can really raise rates, as much as $2,638 per year for a 20-year-old driver and as much as $578 per year for a 60-year-old driver.
  • Insuring teenagers can be very expensive. Average rates for full coverage Altima car insurance costs $6,822 per year for a 16-year-old driver, $6,350 per year for a 17-year-old driver, and $5,922 per year for a 18-year-old driver.