Affordable Nissan Versa Insurance in Indianapolis

Insurance rates Nissan Versa in IndianapolisWish you could get out of overpriced Nissan Versa insurance in Indianapolis? Trust us when we tell you you’re not alone.

Shockingly, most auto insurance buyers have been with the same company for over three years, and practically 40% of auto insurance customers have never quoted rates to find cheap coverage. Indiana drivers can cut their rates by about $700 a year just by shopping around, but most just don’t grasp the amount of savings they would get if they changed companies.

How to find discount Nissan Versa insurance in Indianapolis

The most effective way to find affordable quotes for Nissan Versa insurance is to compare prices once a year from companies who provide auto insurance in Indianapolis.

  1. Try to comprehend what coverages are included in your policy and the measures you can take to drop your rates. Many factors that drive up the price like traffic tickets, fender benders, and a not-so-good credit rating can be improved by being financially responsible and driving safely. This article gives information to get cheaper rates and find discounts that may have been missed.
  2. Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or State Farm, while independent agents can quote prices for a wide range of companies.
  3. Compare the new rate quotes to your existing rates to determine if you can save on Versa insurance. If you find a lower rate quote and change companies, make sure coverage does not lapse between policies.
  4. Provide notification to your current agent or company to cancel the current policy and submit the signed application along with the required initial payment for your new policy. Be sure to place your new certificate verifying coverage somewhere easily accessible.

The key thing to know about shopping around is to make sure you’re comparing the same coverage limits and deductibles on every price quote and and to get quotes from every company you can. This provides an apples-to-apples comparison and plenty of rates choose from.

Because there are so many online and local companies to choose from, it is very difficult to locate the lowest price auto insurance provider.

You need to price shop coverage periodically because auto insurance prices fluctuate regularly. Just because you had the best quotes on Nissan Versa insurance in Indianapolis two years ago there may be better deals available now. You can find a lot of wrong information about Versa insurance online but in just a couple of minutes you can learn a lot of great tips on how to buy auto insurance cheaper in Indianapolis.

Premium rates and analysis

The coverage table shown next covers estimates of rate quotes for Nissan Versa models. Being able to understand how premiums are formulated is important for you to make smart choices when comparing insurance rates.

Nissan Versa Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $154 $352 $318 $18 $94 $936 $78
Versa 1.8 S Hatchback $182 $504 $318 $18 $94 $1,116 $93
Versa 1.8 S SEDAN $182 $504 $318 $18 $94 $1,116 $93
Versa 1.8 SL Hatchback $208 $580 $318 $18 $94 $1,218 $102
Versa 1.8 SL SEDAN $208 $580 $318 $18 $94 $1,218 $102
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rate information does not factor in specific Indianapolis garaging location which can revise premium rates noticeably.

Physical damage deductible comparison

The hardest decision when buying coverage is which deductible level should you buy. The premium rates below sum up the differences in price of buying low and high policy deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Nissan Versa insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $180 $358 $280 $16 $84 $943 $79
Versa 1.8 S Hatchback $210 $514 $280 $16 $84 $1,129 $94
Versa 1.8 S SEDAN $210 $514 $280 $16 $84 $1,129 $94
Versa 1.8 SL Hatchback $242 $592 $280 $16 $84 $1,239 $103
Versa 1.8 SL SEDAN $242 $592 $280 $16 $84 $1,239 $103
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Nissan Versa insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $130 $242 $280 $16 $84 $752 $63
Versa 1.8 S Hatchback $154 $348 $280 $16 $84 $882 $74
Versa 1.8 S SEDAN $154 $348 $280 $16 $84 $882 $74
Versa 1.8 SL Hatchback $176 $400 $280 $16 $84 $956 $80
Versa 1.8 SL SEDAN $176 $400 $280 $16 $84 $956 $80
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in specific location information which can modify premiums significantly.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $21 more each month or $252 annually across all Nissan Versa models than requesting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 19 months between claim filings, you would probably save some money if you choose the higher deductible. The table below illustrates the way you can come to your own conclusion.

Average monthly premium for $100 deductibles: $95
Average monthly premium for $500 deductibles (subtract): – $74
Monthly savings from raising deductible: $21
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important thing to remember is that increasing deductibles to lower your rates results in more money out-of-pocket when you have a physical damage claim. You should have enough extra savings in the event you have to pay the deductible to have repairs made.

How violations and accidents impact rates

The chart below shows how violations and accident claims can affect Nissan Versa insurance rates for each different age category. The data is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Rate comparison of full coverage and liability-only

The information below visualizes the comparison of Nissan Versa premium costs with full physical damage coverage and with liability coverage only. The rates are based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop full coverage

There isn’t a written rule to drop physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s assume your Nissan Versa settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your policy deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Insurance coverage specifics

Having a good grasp of your policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on most insurance policies.

Coverage for collisions

Collision coverage covers damage to your Versa from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, rolling your car, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible on your Versa in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, a tree branch falling on your vehicle and vandalism. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto liability

This coverage protects you from damage that occurs to a person or their property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things like repair bills for other people’s vehicles, medical services, loss of income and legal defense fees. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible. Indiana state law requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.

The illustration below shows why buying low liability limits may not be adequate coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Nissan Versa.

Since many Indiana drivers carry very low liability coverage limits (Indiana limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for expenses for doctor visits, rehabilitation expenses and X-ray expenses. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

One last thing about your coverage

We covered many ways to save on Nissan Versa insurance in Indianapolis. The key thing to remember is the more quotes you get, the higher your chance of finding affordable Indianapolis car insurance quotes. You may even be surprised to find that the biggest savings come from a small mutual company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

A few companies may not offer the ability to get quotes online and most of the time these smaller providers sell through local independent agents. Affordable Nissan Versa insurance in Indianapolis is available online in addition to local insurance agencies, and you should compare price quotes from both to have the best rate selection.

How to find better rates for Nissan Versa insurance in Indianapolis

Truthfully, the best way to get cheaper Nissan Versa insurance in Indianapolis is to do an annual price comparison from insurers who can sell car insurance in Indiana.

Step 1: Try to learn about how your policy works and the measures you can take to keep rates in check. Many rating criteria that cause high rates like traffic citations and an unfavorable credit rating can be remedied by making minor driving habit or lifestyle changes.

Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers.

Step 3: Compare the price quotes to your current policy premium to see if a cheaper price is available. If you can save some money and make a switch, ensure there is no coverage lapse between policies.

Step 4: Provide adequate notice to your current company of your intent to cancel your current coverage. Submit any necessary down payment along with the completed application to your new carrier. Be sure to place your new certificate verifying proof of insurance in your vehicle.

A good tip to remember is that you’ll want to compare identical limits and deductibles on every quote and and to get price quotes from as many car insurance companies as possible. This guarantees an apples-to-apples comparison and a thorough selection of prices.

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