Finding cheap coverage for a Nissan Versa is pretty easy to do, but it hinges on an enormous amount of factors such as how you use your vehicle, your occupation, and driving citations. Drivers will pay around $875 annually to insure their Versa, but that price is a valuation calculated using a 50-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
But there is a good chance that you’re not a 50-year-old female, possibly married instead of single, or maybe you have a speeding ticket or two that will increase rates. Having just a slight change in rating criteria or coverage limits can result in a massive change in the cost of a policy.
This shows why the best method for finding affordable rates for your Nissan is to put in the effort to do a thorough rate comparison. Compare rate quotes now and you will receive price comparisons from top-rated companies that insure vehicles in Tennessee.
The specific trim level has an effect on the annual cost of coverage, so the price you will pay to insure a Versa 1.6 SEDAN trim level will be $248 lower than the price to insure the more costly Versa 1.8 SL SEDAN version, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$142||$302||$326||$20||$98||$888||$74|
|Versa 1.8 S Hatchback||$168||$434||$326||$20||$98||$1,046||$87|
|Versa 1.8 S SEDAN||$168||$434||$326||$20||$98||$1,046||$87|
|Versa 1.8 SL Hatchback||$192||$500||$326||$20||$98||$1,136||$95|
|Versa 1.8 SL SEDAN||$192||$500||$326||$20||$98||$1,136||$95|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in zip code location which can impact insurance rates noticeably.
Shopping around for cost effective car insurance is challenging, and determining which company quotes the cheapest insurance rates for a Nissan Versa may require more quotes for comparison.
Every auto insurer has a unique formula for filing rates in each state, so we’ll go over the insurance companies with the overall best prices in Nashville. It’s important to understand that Nashville insurance rates are influenced by many factors that can increase the price you pay for coverage. This price variation is why consumers need to take the time to compare lots of rates when trying to get the most budget-friendly insurance rates for a Nissan Versa. Insurance prices can be determined by many factors and can increase or decrease at any time, so the best company three years ago may now be costing you a lot of money.
Best Auto Insurance Prices for Your Versa
Utica National normally has some of the cheapest car insurance rates in Nashville at around $767 a year. Auto-Owners, Cincinnati Insurance, Tennessee Farmers, and Penn National also rank well as some of the cheapest Nashville, TN car insurance companies.
In the rate table above, if you currently buy coverage from Tennessee Farmers and switched to Auto-Owners, you could realize a yearly price reduction of in the vicinity of $97. Policyholders with Penn National might save as much as $99 a year, and USAA policyholders might reduce prices by as much as $111 a year.
Remember that these rates are averages across all ages of drivers and types of vehicles and are not factoring in an exact location for a Nissan Versa. So the car insurance company that has the cheapest rates for you may not even be in the top 30 companies shown above. That affirms the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.
Get discount Nashville insurance rates
Insurers that sell policies for a Nissan Versa may also give you rate discounts that could lower prices by as much as 30% if you are eligible to receive them. A few popular companies and the discounts they provide can be found below.
- GEICO may include discounts for driver training, five-year accident-free, emergency military deployment, seat belt use, membership and employees, and anti-lock brakes.
- Travelers may offer discounts for hybrid/electric vehicle, early quote, driver training, continuous insurance, save driver, and payment discounts.
- Farm Bureau offers premium reductions for driver training, renewal discount, youthful driver, multi-vehicle, and safe driver.
- Liberty Mutual has discounts for multi-policy, safety features, new move discount, newly married, multi-car, exclusive group savings, and teen driver discount.
- American Family discounts include air bags, mySafetyValet, multi-vehicle, Steer into Savings, and TimeAway discount.
- Progressive offers discounts including continuous coverage, good student, homeowner, online signing, online quote discount, and multi-vehicle.
The diagram below illustrates the difference between insurance premiums with and without discounts applied to the policy premium. The prices are based on a male driver, no claims or violations, Tennessee state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, accident-free, safe-driver, passive restraint, homeowner, and defensive driving course discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for a Nissan Versa is 28% or $628.
How violations and accidents impact rates
The ideal way to maintain the best insurance rates for a Versa is to drive carefully and avoid getting tickets or having accidents. The diagram below demonstrates how traffic citations and at-fault claims can raise annual premium costs for different categories of driver ages. The prices are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of an auto insurance policy per year with no accidents or violations is $1,815. Factor in two speeding tickets and the average cost swells to $2,405, an increase of $590 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of insurance for a Nissan Versa goes up to an average of $4,606. That’s an increase of $2,791, or $233 per month, just for not driving responsibly!
Why you are probably overpaying for Versa insurance
Tennessee insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Improving your credit rating, moving across town, or getting into an accident may prompt premium changes that can now make some companies more affordable than the competition.
Not only may your situation change, but insurers change rates every year in order to remain profitable. Unexpectedly high claims may result in rate increases, while a lower level of claims can produce lower-cost Versa insurance rates.
For example, the bar chart below compares the cheapest car insurance in Nashville, TN for a 45-year-old male driver with no violations or accidents, and a decent credit rating. If we compare prices based on his current rating profile, Utica National offers the best car insurance rates in Nashville at $850 each year. This is $478 less than the average rate paid by Tennessee drivers of $1,328. Cincinnati Insurance, Auto-Owners, USAA, and Penn National are the remainder of the cheapest Nashville, TN auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a claim, bad credit, and an imperfect driving record. Since each company uses their own formula for setting prices, comparing insurance quotes could now result in a different ranking of companies as shown below.
Erie now has the cheapest price in Nashville with Nationwide, Westfield, Allied, and GEICO completing the list. This example proves why it is critical to perform a complete rate comparison to find the best auto insurance quotes for a Nissan Versa.
Prices are impacted by many different factors and change dramatically, so the cheapest rate the last time you shopped around may now be an over-priced policy.
If you would rather get help from a professional when buying car insurance for a Nissan Versa, the agencies below can most likely aid you in deciding which car insurance company is the best fit. To find a Nashville insurance agency close to where you live, click the button at the bottom.
Affordable Assurance Agency Inc
6202 Charlotte Pike # 1 – Nashville, TN 37209 – (615) 356-6700
Nationwide Insurance: Eric Pirtle Insurance Agency
2630 Old Lebanon Rd – Nashville, TN 37214 – (615) 889-3640
Affordable Insurance Agency
3225 Gallatin Pike – Nashville, TN 37216 – (615) 645-1900
Ideas to find economical insurance for a Nissan Versa
It is possible to find better rates, and here are some money-saving solutions that can help Tennessee drivers buy more affordable car insurance.
- Safe vehicles cost less to insure
- At-fault accidents can raise rates significantly
- Save money by only buying liability coverage for older vehicles
- Higher physical damage deductibles lower rates
- Maintain a clean driving record
- Good credit can save money
- Compare price quotes at least once a year
The last idea is remarkably valuable, as was stressed in the article above. Car insurance prices in Nashville can be changed at any time, so don’t be unwilling to change insurance companies if a better rate can be found.
Being loyal to a particular company is commendable, but it’s not a good idea if your bullheadedness ends up costing you a wad of cash every year. If you have a few minutes, compare rates to find cheaper auto insurance for a Nissan Versa.