Nissan Versa Insurance Rate Quotes in Lexington

Shockingly, the vast majority of auto insurance customers renewed their policy with the same company for a minimum of four years, and 38% of drivers have never shopped around. Kentucky drivers could pocket up to $631 a year by just shopping around, but they don’t invest the time required to compare rate quotes online.

Insurance for Nissan VersaIt takes a little time, but the best way to find cheaper prices for Nissan Versa insurance is to regularly compare quotes from companies in Lexington.

  1. Read about individual coverages and the measures you can take to drop your rates. Many factors that cause rate increases such as traffic violations, accidents, and an imperfect credit rating can be eliminated by paying attention to minor details. This article provides more details to get affordable coverage and find possible discounts that are available.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can give you price quotes for many different companies. Begin your rate comparison
  3. Compare the new rates to your current policy premium and see if there is a cheaper rate. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.
  4. Give proper notification to your current agent or company of your intention to cancel your existing policy. Submit a completed policy application and payment to the new company. Don’t forget to safely store the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

A crucial key to this process is that you’ll want to make sure you compare similar coverage information on every quote request and to quote with every insurance company. This enables an accurate price comparison and a complete price analysis.

Detailed insurance information

The coverage table displayed next showcases estimates of insurance costs for Nissan Versa models. Having insight into how rates are determined can help you make informed decisions.

Nissan Versa Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $130 $276 $342 $20 $102 $870 $73
Versa 1.8 S Hatchback $154 $396 $342 $20 $102 $1,014 $85
Versa 1.8 S SEDAN $154 $396 $342 $20 $102 $1,014 $85
Versa 1.8 SL Hatchback $176 $456 $342 $20 $102 $1,096 $91
Versa 1.8 SL SEDAN $176 $456 $342 $20 $102 $1,096 $91
Get Your Own Custom Quote Go

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can affect coverage prices significantly.

The information below illustrates how choosing a deductible and can increase or decrease Nissan Versa premium costs for different age categories. The information is based on a married male driver, full coverage, and no discounts are taken into consideration.

Rate difference between full and liability-only coverage

The chart below visualizes the comparison of Nissan Versa premium costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or violations, $500 deductibles, marital status is single, and no discounts are applied.

When to eliminate full coverage

There is no definitive guideline for dropping physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Nissan Versa replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying your deductible. If premiums are more than $200 annually for full coverage, then it may be the right time to buy liability only.

There are a few situations where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage.

Cut Insurance Costs with These Tips

An important part of buying insurance is that you know the factors that help calculate your car insurance rates. If you know what impacts premium levels, this helps enable you to make changes that can help you get much lower annual insurance costs.

Affordable car insurance rates are possible

As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. In many cases, an insured cut physical damage coverage only to find out that it was a big error on their part. Your focus should be to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

We’ve covered a lot of tips how to lower your Nissan Versa insurance auto insurance rates in Lexington. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may even be surprised to find that the most savings is with the least-expected company. Some small companies may often insure only within specific states and give better rates compared to the large companies like Allstate and Progressive.

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