Finding the cheapest coverage for a Nissan Versa is dependent upon a lot of things such as whether you own a home, your address, and citations or violations on your driving record. Drivers pay on average $1,060 a year for Versa insurance, but that amount is an estimation based on a 30-year-old single female driver with full coverage and $100 deductibles.
There’s a good chance you aren’t exactly 30 years old or even a female, maybe you are married instead of single, and you might want liability-only or different deductibles. Different coverage needs are the reason why the only way to find cheap car insurance rates for your Nissan is to do a thorough rate comparison. Quotes only take a couple of minutes and you will be able to see rates from some of the best insurers that insure Nissan vehicles in Virginia.
The trim level of your Nissan can impact the cost of insurance, so the cost to insure a Versa 1.6 SEDAN model will be $328 cheaper than the price to insure the higher-priced Versa 1.8 SL SEDAN version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$182||$404||$348||$20||$104||$1,058||$88|
|Versa 1.8 S Hatchback||$214||$580||$348||$20||$104||$1,266||$106|
|Versa 1.8 S SEDAN||$214||$580||$348||$20||$104||$1,266||$106|
|Versa 1.8 SL Hatchback||$246||$668||$348||$20||$104||$1,386||$116|
|Versa 1.8 SL SEDAN||$246||$668||$348||$20||$104||$1,386||$116|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in Virginia Beach which can lower or raise auto insurance rates significantly.
Finding dependable, reasonably-priced car insurance is not the easiest thing to do, and determining which companies offer the cheapest insurance rates for a Nissan Versa may require even more shopping around.
Each auto insurer has a proprietary formula for determining rates in each state, so we need to take a look at the lowest cost insurance companies in Virginia. It’s a good idea to be aware that Virginia Beach, VA insurance rates are calculated based on many things that will increase or decrease the cost of coverage. Improving your credit score, buying a different vehicle, or getting into an accident can trigger price changes that can make some companies more affordable than before.
Best Auto Insurance Prices for Your Versa
Travelers offers some of the lowest car insurance rates in Virginia Beach at around $659 per year. This is $499 less than the average price paid by Virginia drivers of $1,158. USAA, Cincinnati Insurance, Penn National, and Auto-Owners also make the cut as some of the cheaper Virginia Beach, VA auto insurance companies.
As shown in the table above, if you are a policyholder with Cincinnati Insurance and switched to Travelers, you may realize yearly savings of approximately $74. Customers with Penn National may save as much as $89 a year, and Auto-Owners customers might lower prices by up to $99 a year.
Be aware that those rates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a Nissan Versa. So the insurer that is most affordable for your situation may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get rate quotes using your own individual information.
Rate increases following a ticket or accident
One of the best ways to score low insurance prices for a Versa is to be a good driver and not have accidents or get tickets. The example below illustrates how traffic citations and accidents can affect premium costs for different categories of driver ages. The prices are based on a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.
In the example above, the average cost of an auto insurance policy in Virginia per year with no violations or accidents is $1,554. Get written up for two speeding tickets and the average cost swells to $2,056, an increase of $502 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for a Nissan Versa goes up to an average of $2,569. That’s an increase of $1,014, or $85 per month, just for not maintaining a clean driving record!
Why you should be shopping around
Virginia insurance rates are impacted by many factors that control your annual premium. Getting older, buying a different vehicle, or getting into an accident can cause premium changes that can cause some rates to be more affordable than others. Not only may things change on your end, but car insurance companies amend pricing at least once a year in order to protect their financial rating. Higher than normal claim frequency or severity may result in high rates, while a better claims history can cause more affordable Versa insurance rates.
To illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Virginia Beach, VA for a 40-year-old female driver with no accidents or violations, and solid credit. Based on her current situation, Travelers might offer the lowest car insurance rates in Virginia Beach at $813 per year. This is $345 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National also make the list of the best Virginia Beach, VA auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a claim or two, a lower credit rating, and a couple of points charged on her driving record. Since every insurance provider uses their own formula to set premium rates, comparing prices may now result in a substantially altered list of companies as shown below.
Erie now has the best price on car insurance in Virginia Beach with The Hartford, Virginia Farm Bureau, Donegal Mutual, and Nationwide completing the list. This example illustrates why Virginia Beach drivers need to compare rates when trying to find the most affordable auto insurance rates for a Nissan Versa. Auto insurance prices can be altered by many factors and can change without notice, so the most affordable company the last time you shopped around may now be one of the more expensive options.
How to find cheaper car insurance for a Nissan Versa
Below you’ll find a few money-saving solutions that can help Virginia drivers find more affordable auto insurance.
- Vehicles with good safety ratings have lower liability rates
- Good credit scores may lower your rates
- Increase your deductibles
- Remain accident-free and save
- Ensure your driving record is clean
- Look for cheaper rates once a year by shopping around
That last piece of advice is extraordinarily vital, as we discussed in the prior information. Coverage rates adjust often, so don’t be unwilling to change to a new company if a cheaper price is available.
Having a favorite company is fine, but it’s not recommended if your bullheadedness ends up costing you money that could be spent on other things. Spend a few minutes and shop around and find cheaper auto insurance for a Nissan Versa in Virginia Beach.