Searching for better insurance prices for your Nissan Versa can normally be a painful process, but you can use a few tricks and make it easy. There is a better way to compare auto insurance rates so we’re going to tell you the absolute fastest way to get price quotes for a new or used Nissan and find the lowest price from local insurance agents and online providers.
It’s a great practice to compare prices at least once a year because prices go up and down regularly. Even if you got the lowest price on Versa coverage a year ago a different company probably has better rates today. So block out anything you think you know about auto insurance because you’re about to learn the things you must know in order to remove unneeded coverages and save money.
Buying car insurance is not rocket science. If you are insured now or are just looking to switch companies, you can follow these tips to reduce the price you pay while maintaining coverages. Drivers just need to understand the proper methods to get comparison quotes online.
Take advantage of discounts
Car insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we researched some of the best known and the more hidden auto insurance savings. If you aren’t receiving every discount possible, you are throwing money away.
- Government Employees – Being employed by or retired from a federal job may qualify you for a discount on Versa coverage depending on your company.
- Payment Method – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
- Early Switch Discount – Some companies give discounts for switching policies before your current policy expires. It’s a savings of about 10%.
- 55 and Retired – Older drivers can possibly qualify for a discount up to 10% on Versa coverage.
- Lower Rates for Military – Being deployed with a military unit can result in better rates.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only apply to the price of certain insurance coverages like comp or med pay. Just because you may think all the discounts add up to a free policy, auto insurance companies aren’t that generous.
To see a list of insurers with discount auto insurance rates, click this link.
Nissan Versa insurance premiums are calculated by many factors
Smart consumers have a good feel for the different types of things that help determine your auto insurance rates. Understanding what influences your rates enables informed choices that can help you get much lower annual insurance costs.
- Safer cars are cheaper to insure – Vehicles with good safety scores are cheaper to insure. The safest vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Nissan Versa is rated at least four stars on Safercar.gov it may be receiving lower rates.
- More performance means more cost – The make and model of the car you own makes a significant difference in how high your rates are. Since the Nissan Versa is classified as a subcompact, insuring your vehicle will cost about the same or even less as compared to the average rate. Low performance passenger cars receive the most favorable rates, but there are many factors that impact the final cost.
- Big city or small town – Living in less populated areas can be a good thing when it comes to auto insurance. Fewer people means reduced accidents. Urban drivers have to deal with much more traffic to deal with and much longer commute distances. More time on the road can result in more accidents.
- How your age affects price – Older drivers are more responsible, tend to cause fewer accidents and are safer drivers. Teenage drivers are statistically proven to be careless and easily distracted behind the wheel and because of this, their auto insurance rates are much higher.
- Equipment add-ons that lower auto insurance rates – Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
- Don’t sacrifice liability coverage – Liability insurance provides coverage in the event that you are found to be at fault for damages caused by your negligence. It provides you with a defense in court which can be incredibly expensive. Liability is cheap compared to physical damage coverage, so do not skimp.
- Too many auto insurance claims drive up costs – Insurance companies award better rates to people who are claim-free. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Auto insurance is designed for the large, substantial claims.
- Little extras can really add up – There are a ton of extra coverages that you can buy if you aren’t careful. Coverages like rental car reimbursement, towing coverage and membership fees are some examples. These coverages may sound good at first, but your needs may have changed so get rid of them and save.
Can’t I compare rates from local agents?
Some consumers would rather talk to a local agent. Good agents are trained to spot inefficiencies and help in the event of a claim. The best thing about getting online price quotes is you may find the best rates but still work with a licensed agent.
To make it easy to find an agent, after completing this short form, your coverage information is transmitted to agents in your area who will compete for your coverage. You won’t need to drive around because quoted prices will be sent directly to your email. How cool is that?!
Selecting a company needs to be determined by more than just the price. These questions are important to ask:
- If you are a high risk driver, do they have special markets for your coverage?
- Does the agency support the community they serve?
- Do they specialize in personal lines coverage?
- Do they carry Errors and Omissions coverage?
- Are they full-time agents?
- How are they compensated?
- Who is covered by the car insurance policy?
Captive and independent insurance agencies
When finding a reputable insurance agent or broker, there are a couple of types of insurance agents from which to choose. Agencies can either be independent (non-captive) or captive. Either one can do a good job, but it’s worth learning how they are different since it can impact your agent selection.
Captive Insurance Agents
Captive insurance agents can only write with one company like AAA, Allstate, State Farm, Farmers Insurance or Liberty Mutual. They usually cannot shop your coverage around so always compare other rates. They are well schooled on their products and sales techniques which helps them sell insurance even at higher premiums. Some consumers prefer to purchase coverage from captives mostly because of the brand legacy and strong financial ratings.
Independent Agents
Independent agencies are not required to write business for one company but rather can write business with lots of companies and potentially find a lower price. If your agent finds better pricing, your agent can switch companies without you having to go to a different agency.
When comparison shopping, we recommend you include at least one independent agent to have the most options to choose from.Many can place coverage with different regional companies who may have lower rates.
To view a full list of agencies, click here.
Upon receiving reasonable responses to all your questions and an acceptable price quote, you’ve probably found an auto insurance agent that meets your needs to service your policy.
In conclusion
Insureds leave their current company for any number of reasons including questionable increases in premium, not issuing a premium refund, extreme rates for teen drivers or policy non-renewal. Regardless of your reason, finding a new auto insurance company is easier than you think.
You just read many ways to lower your Nissan Versa insurance rates. It’s most important to understand that the more quotes you get, the higher your chance of finding lower rates. You may even discover the lowest rates come from an unexpected company.
As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. In many cases, an accident victim reduced physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
