A 16-year-old driver insuring a 2009 Nissan Maxima pays around $6,225 annually. In comparison, a 40-year-old driver insuring the same vehicle will pay roughly $1,361 annually. On average, insuring a 2022 Nissan Maxima costs $1,891 annually for a 40-year-old driver and $8,511 per year for a 16-year-old driver. Aside from comparing costs, MoneyGeek also found the best insurance provider for a Nissan Maxima, which balances affordability with service and claims experience.
Compare the Cost of Nissan Maxima Insurance by Model Year and Company
Updated: January 15, 2025
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Key Takeaways
When it comes to insuring a Nissan Maxima, affordability is a key consideration for many drivers. Based on the provided data, State Farm emerges as the most cost-effective insurance provider, both for full and minimum coverage, making it an excellent choice for those prioritizing budget-friendly options.
Cheapest Insurers for Full Coverage:
- State Farm: Offers the cheapest full coverage at $1,282 annually. This option is not only affordable but also comes with a high MoneyGeek score of 90 out of 100, reflecting good customer service and competitive pricing.
- Progressive: Is the most expensive option for full coverage, priced at $1,957 per year.
Cheapest Insurers for Minimum Coverage:
- State Farm: Once again, State Farm stands out with the lowest rate for minimum coverage at $494 per year. This highlights its overall affordability for Nissan Maxima drivers.
- Progressive: Charges the highest for minimum coverage at $778 annually.
Other Considerations:
- Driver's Age: A 16-year-old faces significantly higher premiums due to higher risk factors, averaging $7,332 annually. State Farm offers the cheapest option for a 16-year-old with a 2022 Nissan Maxima at $4,883.
- Model Year: Insuring newer models is generally more expensive. For instance, a 2022 Nissan Maxima is about $530 more costly to insure annually compared to a 2009 model.
Recommendation:
State Farm is highly recommended for both its affordability and reasonable customer satisfaction ratings, making it a top choice for insuring a Nissan Maxima. For budget-conscious drivers, especially younger ones, exploring State Farm’s offerings could lead to substantial savings. Additionally, comparing quotes across various insurers in your state is advisable to ensure you obtain the best possible rate for your specific circumstances.
For a Nissan Maxima, the best car insurance provider that balances affordability with service and claims experience is State Farm. State Farm has a MoneyGeek score of 90 out of 100 and offers full coverage for $1,282 per year. It is noted for its affordability and customer satisfaction, although its claims management reputation is not stellar.
In terms of premium costs:
- 16-year-old driver: $7,332 annually on average, with the cheapest individual plan from State Farm costing $4,883.
- 40-year-old driver: $1,616 annually on average, with State Farm offering the lowest rate at $1,282 for the Nissan Maxima.
State Farm emerged as the most affordable option in terms of overall insurance costs across different model years and age groups, making it the top recommendation for insuring a Nissan Maxima.
Age is one of the most significant factors influencing car insurance premiums. This is largely because young drivers, particularly teenagers, are considered high-risk by insurance companies due to their limited driving experience and higher likelihood of accidents. In contrast, middle-aged drivers generally benefit from lower rates as they are perceived to be more experienced and less risky on the road.
Premiums for a 16-Year-Old vs. a 40-Year-Old Driver
16-Year-Old Driver Costs:
- Insuring a 2009 Nissan Maxima: Around $6,225 annually.
- Insuring a 2022 Nissan Maxima: Around $8,511 annually.
40**-Year-Old Driver Costs:**
- Insuring a 2009 Nissan Maxima: Roughly $1,361 annually.
- Insuring a 2022 Nissan Maxima: Approximately $1,891 annually.
These figures demonstrate the stark difference in premium costs where a 16-year-old could pay over four times more for car insurance compared to a 40-year-old with the same vehicle. The higher premiums for younger drivers stem from their increased likelihood of being involved in accidents, which creates greater risk for insurers.
Rate Decrease Over Time
As drivers age and gain more experience, insurance companies generally offer lower premiums. Reasons include improved driving records, increased experience, and often, more responsible driving behavior. The highest premiums are typically for those under 25, and rates generally decrease significantly as drivers move into their 30s and beyond.
Insurance Providers and Affordability
Insurers like State Farm and GEICO provide varying rates for Nissan Maxima models, with State Farm offering particularly competitive rates. For a 2009 Nissan Maxima, State Farm offers full coverage at $1,015 annually, while for a 2022 model, they offer $1,529 annually. In comparison, Progressive tends to be more expensive overall.
Cost Mitigation Strategies
For young drivers, finding affordable premiums can be challenging. To reduce costs, it’s advisable to:
- Include the teen on an existing family policy rather than purchasing separate coverage.
- Encourage safe driving practices to qualify for discounts over time.
- Compare quotes from multiple insurers to find the best deal.
Other Influencing Factors
Aside from age and insurer, factors like the car's model year, safety ratings, and theft rates, as well as geographic location, can also significantly affect insurance costs. For example, newer models with higher theft rates can incur higher premiums. Additionally, state-specific factors, such as local traffic laws and accident rates, contribute to significant variations in cost. Hence, it's beneficial for consumers to obtain several quotes tailored to their specific circumstances.
When shopping for car insurance, it is crucial to consider not only the cost but also the quality of service and claims experience offered by various providers, as highlighted by MoneyGeek's assessments of top insurers for Nissan Maxima drivers.
Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Nissan Maxima.
These rates were updated to reflect the average cost of car insurance for a Nissan Maxima as of 2023.
10Companies Compared
41,832 Quotes Analyzed
Average Cost and Cheapest Companies for Insuring a Nissan Maxima
The average cost to insure a Nissan Maxima is $1,676 per year. However, insurance companies price their policies differently.
To insure a Nissan Maxima with full coverage, State Farm offers the cheapest car insurance at $1,282 per year, while Progressive is the most expensive, charging around $1,957 per year. Additionally, State Farm provides the least expensive minimum coverage at $494 per year, whereas Progressive charges the most at $778 per year.
Data filtered by:Results filtered by:
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Age:40
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Coverage:Full Coverage
| State Farm | $1,282 |
| GEICO | $1,378 |
| Nationwide | $1,639 |
| Travelers | $1,640 |
| Allstate | $1,762 |
| Farmers | $1,876 |
| Progressive | $1,957 |
Is a Nissan Maxima Expensive to Insure?
Aside from the driver’s age and insurance provider, another factor that significantly affects the rates of a policy is the car make and model year. The Nissan Maxima has a moderate insurance cost. Some competing midsize sedans have significantly lower insurance rates. Even though the Maxima has outstanding crash ratings and isn’t a particularly expensive vehicle, it has a very high theft rate that drives up its insurance costs.
Best Companies for Insuring a Nissan Maxima
When shopping for car insurance, price is only one of the many crucial factors to consider. MoneyGeek identified the best car insurance companies for Nissan Maxima drivers that provide excellent customer service and claims handling:
- State Farm: MoneyGeek score 90 out of 100 ($1,282 per year)
- GEICO: MoneyGeek score 88 out of 100 ($1,378 per year)
State Farm ranked first for affordability and second for customer satisfaction, making it our top choice for Nissan Maxima insurance. However, its claims management reputation is unimpressive.
MoneyGeek Top Pick: State Farm
pros
Most affordable option for a Nissan Maxima
High customer satisfaction score
Offers rental car reimbursement and roadside assistance
cons
Very few coverage options
Poor claims management reputation
COMPANY HIGHLIGHTS
State Farm offers the best policy for Nissan Maxima owners. It’s a highly affordable insurance provider with excellent customer service.
While State Farm lacks many common coverage options offered by its competitors, it does still have a couple of valuable add-ons. For instance, its rental car reimbursement coverage covers car rental expenses up to your chosen limits, along with up to $500 of travel expenses and up to $500 in deductible repayment if you cause an accident in your rental vehicle.
Although the Nissan Maxima is a reliable car, breakdowns can still happen. State Farm’s emergency roadside service provides assistance if you have a flat tire, need a jump start or require towing. This coverage is available 24/7 and can be added to your policy for an additional cost.
MoneyGeek Runner-Up: GEICO
pros
Second-most affordable insurer for Nissan Maxima
Good customer satisfaction rating
Offers unique mechanical breakdown insurance and accident forgiveness
cons
Doesn’t offer gap insurance, deductible modification or new car replacement coverage
Mediocre claims management reputation
COMPANY HIGHLIGHTS
GEICO is a popular insurance provider and another great choice for Nissan Maxima owners. It ranked right behind State Farm for affordability and customer satisfaction and scored higher than State Farm for claims management.
Mechanical breakdown insurance (MBI) from GEICO adds an extra layer of protection for you and your vehicle. It provides superior coverage at a lower rate than a dealer’s extended warranty, and it also includes all parts and systems. You can purchase MBI if your Maxima is less than 15 months old and has less than 15,000 miles.
GEICO’s accident forgiveness stops your insurance rates from increasing after your first at-fault accident. You can buy this coverage or earn it if you’re over 21 and have had no accidents in the last five years.
Cost of Insuring a Nissan Maxima by Model Year
Insurance for a 2022 Nissan Maxima is roughly $530 more expensive per year than for a 2009 model. The average cost of car insurance for a 2009 Nissan Maxima is $1,361 per year while covering a 2022 model costs $1,891 per year. Newer car models often have higher values, more expensive parts and higher rates of theft.
Data filtered by:Results filtered by:
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Age:40
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Coverage:Full Coverage
| 2022 | $1,891 |
| 2021 | $1,855 |
| 2020 | $1,788 |
| 2019 | $1,779 |
| 2018 | $1,742 |
| 2017 | $1,688 |
| 2016 | $1,634 |
| 2015 | $1,565 |
| 2014 | $1,524 |
| 2013 | $1,514 |
| 2012 | $1,476 |
| 2011 | $1,408 |
| 2010 | $1,398 |
| 2009 | $1,361 |
The average cost of car insurance can vary depending on the model year and insurer. State Farm provides the most affordable coverage for the 2009 Nissan Maxima at $1,015 and also has the lowest rate for a 2022 model at $1,529, on average.
Data filtered by:Results filtered by:
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Model Year:2022
Select
Age:40
Select
Coverage:Full Coverage
| State Farm | $1,529 |
| GEICO | $1,585 |
| Nationwide | $1,804 |
| Travelers | $1,808 |
| Farmers | $2,194 |
| Allstate | $2,242 |
| Progressive | $2,295 |
Cost of Insuring a Nissan Maxima for 16- to 25-Year-Olds
Car insurance premiums can differ significantly based on age. Generally, teenagers and those in their 20s have to pay much higher premiums than adults over 30.
The reason for this is the higher risk that younger drivers pose to insurance companies. For instance, a 16-year-old Nissan Maxima driver pays an average of $7,332 per year for car insurance, while a 40-year-old driver pays $1,616 annually.
Due to the high cost of teen car insurance, it is essential for young drivers to drive safely and reduce their premiums over time.
Purchasing an individual car insurance policy for a teenager can be expensive, with rates often significantly higher than those for adults. To minimize costs, parents can consider adding their teen driver to the family policy.
For an individual plan, a 16-year-old driving a 2022 Nissan Maxima pays an average of $4,883 annually for coverage from State Farm, which is the cheapest option available. In contrast, Progressive is the most expensive insurer, charging $12,377 per year on average. To save money, it's advisable for teens and their families to compare multiple insurance providers to find the most affordable policy for their Nissan Maxima.
Data filtered by:Results filtered by:
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Age:16
Select
Model Year:2022
Select
Coverage:Full Coverage
| State Farm | $4,883 |
| Nationwide | $7,171 |
| Travelers | $7,190 |
| GEICO | $7,436 |
| Allstate | $10,199 |
| Farmers | $10,894 |
| Progressive | $12,377 |
How Does Location Affect the Cost of Nissan Maxima Insurance?
Various factors play a crucial role in determining the cost of car insurance for a Nissan Maxima. While the make and model of the car and the driver’s age have a significant impact, location is often the most crucial factor.
The most cost-effective insurance company for a Nissan Maxima can vary across states, with Idaho being the least expensive and Florida the most expensive. Compare quotes from several insurance providers in your state to find the most affordable option.
Data filtered by:Results filtered by:
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Age Group:30-59
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Coverage:Full Coverage
| Alabama | Nationwide | $709 | $59 |
| Alaska | State Farm | $699 | $58 |
| Arizona | Root Insurance Company | $682 | $57 |
| Arkansas | State Farm | $629 | $52 |
| California | AAA California | $1,001 | $83 |
| Colorado | American National P&C | $541 | $45 |
| Connecticut | GEICO | $693 | $58 |
| Delaware | State Farm | $881 | $73 |
| District of Columbia | GEICO | $662 | $55 |
| Florida | State Farm | $1,058 | $88 |
| Georgia | Country Financial | $665 | $55 |
| Hawaii | GEICO | $565 | $47 |
| Idaho | American National P&C | $299 | $25 |
| Illinois | Country Financial | $663 | $55 |
| Indiana | American Family | $555 | $46 |
| Iowa | State Farm | $509 | $42 |
| Kansas | Nationwide | $670 | $56 |
| Kentucky | Nationwide | $790 | $66 |
| Louisiana | Louisiana Farm Bureau | $1,048 | $87 |
| Maine | Concord Group | $521 | $43 |
| Maryland | Progressive | $938 | $78 |
| Massachusetts | State Farm | $483 | $40 |
| Michigan | GEICO | $898 | $75 |
| Minnesota | State Farm | $797 | $66 |
| Mississippi | Direct General Insurance | $723 | $60 |
| Missouri | Nationwide | $909 | $76 |
| Montana | Progressive | $437 | $36 |
| Nebraska | American National P&C | $405 | $34 |
| Nevada | CSAA | $940 | $78 |
| New Hampshire | State Farm | $540 | $45 |
| New Jersey | Plymouth Rock Assurance | $895 | $75 |
| New Mexico | State Farm | $644 | $54 |
| New York | Kemper | $781 | $65 |
| North Carolina | Erie | $630 | $52 |
| North Dakota | American Family | $616 | $51 |
| Ohio | Nationwide | $485 | $40 |
| Oklahoma | State Farm | $662 | $55 |
| Oregon | State Farm | $706 | $59 |
| Pennsylvania | Nationwide | $580 | $48 |
| Rhode Island | State Farm | $700 | $58 |
| South Carolina | American National P&C | $463 | $39 |
| South Dakota | Allstate | $746 | $62 |
| Tennessee | State Farm | $579 | $48 |
| Texas | State Farm | $699 | $58 |
| Utah | Nationwide | $725 | $60 |
| Vermont | State Farm | $493 | $41 |
| Virginia | American Family | $601 | $50 |
| Washington | PEMCO | $534 | $44 |
| West Virginia | Erie | $784 | $65 |
| Wisconsin | GEICO | $556 | $46 |
| Wyoming | State Farm | $745 | $62 |
Frequently Asked Questions About Nissan Maxima Insurance
To clarify any confusion about cost or quality, MoneyGeek provides answers to some of the most frequently asked questions about the Nissan Maxima.
What company has the cheapest car insurance for a Nissan Maxima?
Nissan Maxima car insurance costs $1,676 annually on average. This is moderately priced. At $1,282 per year, State Farm offers the cheapest insurance for the Maxima.
What company offers the best car insurance for a Nissan Maxima?
State Farm is the top car insurance provider for a Nissan Maxima, surpassing six other major insurance companies with a MoneyGeek score of 90 out of 100. The average annual premium for a policy from State Farm is $1,282.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.