If your goal is the lowest price, then the best way to get the cheapest Nissan Versa insurance in Columbus is to compare quotes once a year from insurers in Ohio.
Step 1: Learn about how insurance companies determine prices and the factors you can control to prevent rate increases. Many things that result in higher prices like careless driving and poor credit history can be controlled by making minor driving habit or lifestyle changes. Later in this article we will cover more ideas to find cheap prices and find available discounts that you may qualify for.
Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple insurance companies.
Step 3: Compare the new rates to your existing coverage to see if cheaper Versa coverage is available in Columbus. If you find a lower rate quote, make sure coverage does not lapse between policies.
Step 4: Notify your agent or company of your decision to cancel your current coverage. Submit the completed application along with a down payment for the new coverage. Immediately keep the new certificate of insurance in your glove compartment.
The key aspect of shopping around is to try to compare the same physical damage deductibles and liability limits on every quote request and and to compare as many companies as you can. This helps ensure an accurate price comparison and the best price selection.
Shocking but true, nearly 70% of Ohio drivers have purchased from the same company for well over three years, and almost 40% of drivers have never compared car insurance rates at all. U.S. insurance shoppers could save almost $850 each year by just comparing quotes, but most just don’t grasp the big savings they would realize if they moved their coverage to a different company.
Choosing the best rates in Columbus is quite easy if you know the best way to do it. If you have a policy now, you will definitely be able to reduce the price you pay using this strategy. Although Ohio consumers need to have an understanding of how insurance companies sell insurance online and use it to your advantage.
The best way we recommend to compare insurance rates in your area is to know most larger insurance companies will pay a fee to compare rate quotes. To begin a comparison, all you need to do is give them some information such as coverage limits, if you lease or own, if you are currently licensed, and the make and model of your vehicles. That rating information gets transmitted to insurance companies and you get price estimates instantly.
To check Nissan Versa insurance prices now, click here and see if a lower rate is available in Columbus.
The companies in the list below are our best choices to provide free rate quotes in Columbus, OH. If more than one company is shown, it’s a good idea that you compare several of them to get the cheapest price.
Analysis of Nissan Versa rates
The information displayed next outlines a range of insurance prices for Nissan Versa models. Knowing how car insurance premiums are determined can assist in making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Versa 1.6 SEDAN | $106 | $196 | $226 | $14 | $68 | $610 | $51 |
| Versa 1.8 S Hatchback | $124 | $280 | $226 | $14 | $68 | $712 | $59 |
| Versa 1.8 S SEDAN | $124 | $280 | $226 | $14 | $68 | $712 | $59 |
| Versa 1.8 SL Hatchback | $142 | $324 | $226 | $14 | $68 | $774 | $65 |
| Versa 1.8 SL SEDAN | $142 | $324 | $226 | $14 | $68 | $774 | $65 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can increase or decrease premiums greatly.
The information below highlights how deductible selection and can change Nissan Versa insurance costs for different age categories. Data assumes a married male driver, full physical damage coverage, and no discounts are applied to the premium.
Insurance rates are higher with tickets and accidents
The example below illustrates how speeding tickets and at-fault claims impact Nissan Versa auto insurance rates for different categories of driver ages. Data assumes a married female driver, full coverage, $500 deductibles, and no discounts are factored in.
Age-based insurance rates by gender
The chart below illustrates the comparison of Nissan Versa car insurance rates for male and female drivers. The costs are based on no violations or accidents, full coverage, $500 deductibles, single status, and no policy discounts are applied.
Should you buy full coverage?
The diagram below shows the difference between Nissan Versa insurance prices with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
When to drop comp and collision
There isn’t a written rule for dropping full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Nissan Versa replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If you are paying in excess of $800 annually for your policy with full coverage, then you may need to consider dropping full coverage.
There are some cases where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
Learn How to Lower Your Insurance Rates
Many factors are taken into consideration when pricing auto insurance. Most are fairly basic such as traffic violations, but some are less obvious such as whether you are married and annual miles driven.
The items below are some of the major factors auto insurance companies consider when setting prices.
- Being married pays dividends – Being married can get you a discount on your auto insurance policy. Having a spouse generally demonstrates drivers are more financially stable and statistics prove married couples file fewer claims.
- A good credit rating can save money – Having a bad credit history will be a significant factor in determining what you pay for auto insurance. Insureds with very high credit ratings tend to file fewer claims than drivers who have poor credit scores. If your credit score is not that good, you could save money insuring your Nissan Versa by improving your credit score.
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Older drivers pay less – Older people are more cautious drivers, statistically cause fewer accidents, and are safer drivers. Teenage drivers are statistically proven to be easily distracted in a vehicle so they pay higher auto insurance rates.
The following data is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
- Rates and your address – Being located in a rural area may provide you with better prices when shopping for auto insurance. Fewer drivers on the road means reduced accidents and a lower car theft rate. People in densely populated areas have to deal with more aggressive driving styles and longer commutes to work. Higher commute times means more chance of being in an accident.
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What type of vehicle do you drive? – The type of car, truck or SUV you are buying insurance for makes a substantial difference in your auto insurance rates. The cheapest insurance rates will normally be found when insuring lower cost passenger cars, but the final cost of insurance is determined by many other factors.
The next chart uses these variables: single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. The data compares Nissan Versa policy rates compared to other models of vehicles that have different risk factors.
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Nissan Versa insurance claim data – Insurance companies use data from past claims in order to profitably underwrite each model. Vehicles that the data shows to have high amounts or severity of claims will have higher rates. The table shown below demonstrates the insurance loss data used by companies for Nissan Versa vehicles.
For each coverage category, the claim amount for all vehicles, without regard to make or model, is considered to be 100. Values below 100 indicate a favorable loss history, while values over 100 point to more claims or statistically larger claims.
Nissan Versa Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Nissan Versa 116 110 92 190 203 138 Nissan Versa Note 112 96 85 161 171 133 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Car insurance is not optional in Ohio
Even though Columbus Versa insurance rates can get expensive, paying for car insurance is required in Ohio but also provides important benefits.
First, just about all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your Nissan Versa, most banks will force you to have full coverage to guarantee payment of the loan. If you default on your policy, the lender will be forced to insure your Nissan for a much higher rate and force you to reimburse them the higher price.
Third, insurance protects not only your vehicle but also your financial assets. It will also pay for all forms of medical expenses that are the result of an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance definitely exceed the price paid, particularly if you ever have a claim. The average driver in America overpays more than $850 per year so it’s recommended you shop around at every renewal to make sure the price is not too high.