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Purchase Nissan Altima from either Lansing or Grand Rapids in Michigan to spend less on upfront costs

Take a look at the chart provided below. It states the insurance rates and median price for used Nissan Altima manufactured and sold in between the years 2005 and 2012.

The Nissan Altima has been in production since 1993. It has been manufactured as a compact car since 2002. It is one of the prime contenders in the mid-size sedan segment.

State City Insurance Average Median Price Insurance %
Michigan Grand Rapids 1,850 14,750 12
Michigan Lansing 1,881 16,000 11

As you can see that the upfront cost in Grand Rapids and Lansing differ by more than $1200. In such a case it is your call to make. You have to see if travelling all the way to Grand Rapids will be worth it to save this amount of money. It also depends on your city of residence. But, let us say that purchasing the car from either of these cities is not going to be an issue for you. What do you do in that case? You buy it from Lansing.

Why should you buy the car from Lansing and not from Grand Rapids in Michigan? Take a look at the columns and it would not be too difficult to figure out. The insurance cost for both the cars is almost the same. On the other hand, even a $1000 difference in the upfront cost could matter a lot to most of you.

In Michigan, the insurance average of the Nissan Altima is the lowest in Ann Arbor, and the highest in Detroit. On an average, one would have to pay $1692 to insure the Altima in Ann Arbor. In Detroit, this average is as high as $4850. Taking all these factors into consideration, Grand Rapids and Lansing seem to be the best places to buy the Altima in Michigan.

Buying and insuring the Nissan Altima and the Honda CR-V in Ohio

Ohio is one of the most affordable states in the country when it comes to auto insurance. It is the fifth least expensive state to buy auto insurance, with only Maine, Idaho, Iowa, and North Carolina ranking higher than Ohio on the list.

The average annual insurance rate in Ohio is $1,106. Check out the average annual rates in the various cities of Ohio below.

City Average Insurance Premium Per Annum ($)
Ohio 1,106
Cincinnati 1,027
Cleveland 983
Columbus 1,132
Toledo 1,098

Now let us consider the average annual insurance rates of the Nissan Altima and Honda CR-V in these cities.

City Make Model Insurance Average ($) Median Price (%) Insurance Percentage (%)
Toledo Nissan Altima 1,148 9,999 11
Cleveland Honda CR-V 822 11,000 7
Cincinnati Nissan Altima 1,074 14,999 7
Columbus Nissan Altima 1,184 14,999 7
Cleveland Nissan Altima 1028 15015 6
Cincinnati Honda CR-V 858 17,488 4
Columbus Honda CR-V 946 20,925 4
Toledo Honda CR-V 918 21,985 4

The Honda CR-V is clearly the more expensive option. Toledo is the second least expensive city to buy a Nissan Altima, the first being Peoria, Illinois. The difference in the two median prices is less than $10. So if you want to buy a used Altima, Toledo is probably one of the best cities in the country to buy one from.

If affordability is one of your priorities, you could also opt to buy the Honda CR-V from Cleveland. With the lowest annual average insurance and extremely low median price, this car is a great choice. With a median price as low as $11,000, Cleveland is probably one of the most affordable places to buy a CR-V. The Honda CR-V is only cheaper in Nashville and Denver, and the difference between the prices is less than $1,000.

Average Yearly Insurance Premium $1,460
Nissan Altima MSRP $22,770
Estimated Monthly Income to Afford a Nissan Altima Car including Insurance $430

Nissan Altima - Average Insurance Price by Segment

Male $1,890
Male Married $1,570
Female $1,110
Female Married $1,010
Teenage Boy $4,700
Teenage Girl $3,910

Nissan Altima Safety Features - 2013

Side airbags: front and rear head curtain airbags and front seat-mounted torso airbags Electronic stability control Antilock brakes

Expensive States for Insuring Nissan Altima

RankStateAverage Insurance of Nissan AltimaMSRPEstimated Monthly Income to Afford a Nissan Altima including Insurance Cost
1 Michigan $2,600 $22,600 $450
2 Louisiana $2,500 $22,600 $440
3 Oklahoma $2,100 $22,600 $440
4 Georgia $2,100 $22,600 $440
5 Montana $2,000 $22,600 $440
6 West Virginia $1,800 $22,600 $430
7 Connecticut $1,800 $22,600 $430
8 California $1,800 $22,600 $430
9 New Jersey $1,700 $22,600 $430
10 Kentucky $1,700 $22,600 $430

Cheap States for Insuring Nissan Altima

RankStateAverage Insurance of Nissan AltimaMSRPEstimated Monthly Income to Afford a Nissan Altima including Insurance Cost
1 Maine $900 $22,600 $420
2 Iowa $1,000 $22,600 $420
3 Idaho $1,100 $22,600 $420
4 Indiana $1,100 $22,600 $420
5 North Carolina $1,100 $22,600 $420
6 New Hampshire $1,100 $22,600 $420
7 Ohio $1,100 $23,500 $440
8 Vermont $1,100 $22,400 $420
9 Arizona $1,200 $22,600 $420
10 Colorado $1,200 $22,600 $420

Nissan Altima - Remaining States under Study

RankStateAverage Insurance of Nissan AltimaMSRPEstimated Monthly Income to Afford of Nissan Altima including Insurance Cost
1 Illinois $1,200 $23,600 $440
2 South Carolina $1,200 $24,300 $450
3 Washington $1,200 $22,600 $420
4 Wisconsin $1,200 $22,600 $420
5 Kansas $1,300 $22,600 $420
6 Mississippi $1,300 $22,600 $420
7 North Dakota $1,300 $22,600 $420
8 Nebraska $1,300 $22,600 $420
9 Nevada $1,300 $22,600 $420
10 Virginia $1,300 $22,600 $420
11 Alaska $1,400 $22,600 $430
12 Florida $1,400 $22,600 $430
13 Minnesota $1,400 $22,600 $430
14 New Mexico $1,400 $22,600 $430
15 New York $1,400 $23,000 $430
16 Oregon $1,400 $22,600 $430
17 Tennessee $1,400 $23,900 $450
18 Texas $1,400 $22,600 $430
19 Utah $1,400 $22,600 $430
20 Arkansas $1,500 $22,600 $430
21 Hawaii $1,500 $22,600 $430
22 Massachusetts $1,500 $22,600 $430
23 Maryland $1,500 $22,600 $430
24 Wyoming $1,500 $22,600 $430
25 Alabama $1,600 $22,600 $430
26 Delaware $1,600 $25,200 $480
27 Missouri $1,600 $22,600 $430
28 Pennsylvania $1,600 $23,400 $440
29 Rhode Island $1,600 $22,300 $420

Nissan Altima Models Comparison

Model Style Cylinders MSRP Average Premium of Nissan Altima models Est. Monthly Income to Afford a Nissan Altima including Insurance Cost
Altima 2.5 4 Door Sedan 4 cyl. $22,700 $1,460 $430
Altima 2.5 S 2 Door Coupe 4 cyl. $22,700 $1,480 $430

Nissan Altima vs Mid Size Sedan Insurance Comparision