How to Save on Nissan Versa Insurance in Durham

The best way to get affordable Nissan Versa insurance is to start comparing prices regularly from insurers that insure vehicles in Durham.

First, read about the coverage provided by your policy and the measures you can take to prevent rate increases. Many policy risk factors that cause high rates like accidents, careless driving, and poor credit history can be rectified by making small lifestyle or driving habit changes.

Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while independent agents can provide prices from multiple insurance companies. View companies

Third, compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you can save some money and change companies, make sure coverage does not lapse between policies.

Fourth, provide proper notification to your current company of your intention to cancel your current coverage and submit any necessary down payment along with the completed application to the new company. As soon as you have the new policy, place your new proof of insurance certificate in an accessible location in your vehicle.

A valuable tip to remember is to try to compare identical deductibles and limits on each quote request and to quote with every company you can. Doing this provides a fair rate comparison and a better comparison of the market.

Insurance quote for Nissan Versa in DurhamIt’s an obvious assumption that auto insurance companies don’t want you comparing rates. Insureds who shop around at least once a year will most likely switch companies because they have a good chance of finding better rates. A recent auto insurance study discovered that drivers who regularly compared price quotes saved about $865 annually as compared to drivers who never compared prices.

If finding the cheapest price for Nissan Versa insurance in Durham is your ultimate objective, understanding the best way to shop and compare insurance premiums can help you succeed in finding affordable rates.

When looking for affordable Nissan Versa insurance quotes, there are a couple ways of comparing price quotes from insurance companies in your area. The easiest way by far to comparison shop is to jump online and get quotes.

Doing online rates comparisons is so easy that it makes it a waste of time to waste gas driving to and from local Durham insurance agencies. Comparing Nissan Versa insurance rates online eliminates the need for an insurance agent unless you require the professional guidance of a local Durham agent. However, consumers can find lower rates online but still have the advice of a local agent. When quoting insurance, remember that comparing more prices gives you a better chance of getting a better price.

The companies shown below offer free rate quotes in Durham, NC. If multiple companies are listed, we suggest you click on several of them to get the best price comparison.

Check for these discounts

Some providers don’t always list every available discount in an easy-to-find place, so here is a list some of the best known and also the lesser-known savings tricks you should be using when you buy Durham car insurance online. If you check and find you aren’t receiving every discount possible, you’re paying more than you need to.Save money with discounts

As a footnote on discounts, many deductions do not apply to the overall cost of the policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like you can get free auto insurance, nobody gets a free ride.

The example below shows the comparison of Nissan Versa insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no violations or claims, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, claim-free, multi-car, and safe-driver discounts applied.

Insurance companies that have these benefits may include but are not limited to:

It’s a good idea to ask each insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not apply to policyholders everywhere. To find insurance companies with significant discounts in North Carolina, follow this link.

Nissan Versa coverage analysis

The coverage information shown next showcases detailed analysis of rate quotes for Nissan Versa models. Learning as much as possible about how insurance rates are established can be valuable when making informed purchases.

Nissan Versa Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $122 $274 $282 $16 $84 $778 $65
Versa 1.8 S Hatchback $144 $394 $282 $16 $84 $920 $77
Versa 1.8 S SEDAN $144 $394 $282 $16 $84 $920 $77
Versa 1.8 SL Hatchback $166 $454 $282 $16 $84 $1,002 $84
Versa 1.8 SL SEDAN $166 $454 $282 $16 $84 $1,002 $84
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Information does not factor in vehicle location which can increase or decrease coverage rates considerably.

Deductible comparison

A question often asked by Durham drivers is how high should the physical damage coverage deductibles be. The tables below lay out the rate difference between low and high deductibles. The first rate table uses a $250 deductible for comp and collision and the second set of prices uses a $500 deductible.

Nissan Versa insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $142 $266 $250 $14 $74 $771 $64
Versa 1.8 S Hatchback $168 $382 $250 $14 $74 $913 $76
Versa 1.8 S SEDAN $168 $382 $250 $14 $74 $913 $76
Versa 1.8 SL Hatchback $192 $440 $250 $14 $74 $995 $83
Versa 1.8 SL SEDAN $192 $440 $250 $14 $74 $995 $83
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Nissan Versa insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $116 $214 $250 $14 $74 $668 $56
Versa 1.8 S Hatchback $136 $308 $250 $14 $74 $782 $65
Versa 1.8 S SEDAN $136 $308 $250 $14 $74 $782 $65
Versa 1.8 SL Hatchback $156 $354 $250 $14 $74 $848 $71
Versa 1.8 SL SEDAN $156 $354 $250 $14 $74 $848 $71
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence coverage rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $10 more each month or $120 each year across all Nissan Versa models than requesting the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 25 months between claims, you would most likely save money by going with a higher deductible.

Price comparison of only insuring for liability

The diagram below illustrates the comparison of Nissan Versa insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no exact formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Nissan Versa claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If it’s costing you more than $700 annually to have full coverage, then you might want to think about dropping full coverage.

There are some conditions where only buying liability is not advised. If you still owe money on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Best auto insurance in North Carolina

Ending up with the highest-rated car insurance provider can be rather challenging considering how many different insurance companies sell coverage in Durham. The rank data displayed below could help you analyze which car insurance companies to look at comparing rate quotes with.

Best Auto Insurance Companies in North Carolina
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Why Your Insurance Rates might be higher

An important part of buying insurance is that you know some of the factors that come into play when calculating your premiums. If you have some idea of what influences your rates, this allows you to make educated decisions that may reward you with cheaper rates. Many factors are used in the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving history, although some other factors are not quite as obvious like where you live or your financial responsibility.

The items below are a partial list of the pieces companies use to determine rates.

Safer vehicles cost less to insure – Vehicles with high crash test scores are cheaper to insure. The safest vehicles reduce injuries and lower injury rates means less money paid by your insurance company passed on to you as lower rates.

Safeguard your assets with liability insurance – Liability coverage is the coverage that protects you when you are found liable for physical damage or personal injury to other. Liability provides you with a defense in court starting from day one. It is affordable coverage compared to other policy coverages, so drivers should carry high limits.

Eliminate unneeded extra coverages – Insurance policies have a lot of extra coverages that you can buy when buying insurance. Coverages for personal injury protection, towing, and additional equipment coverage may be costing you every month. They may seem good when deciding what coverages you need, but your money might be better spent on other coverage so eliminate them to save money.

Annual mileage impacts prices – The more you drive your Nissan each year the higher the price you pay to insure it. Many insurance companies calculate prices based on how the vehicle is used. Cars and trucks that sit idle most of the time cost less to insure than vehicles that are driven to work every day. Having an incorrect usage rating on your Versa is throwing money out the window. It’s a smart idea to ensure your insurance coverage is rated on the correct driver usage.

Be proud to be claim-free – Auto insurance companies in North Carolina provide the best rates to people who file claims infrequently. If you frequently file small claims, you can pretty much guarantee higher rates. Your car insurance is intended for major claims that would cause financial hardship.

Can a thief steal your car? – Selecting a car model with a theft deterrent system can help lower your rates. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop auto theft.

Insurance rates for married couples – Having a spouse may cut your premiums on your insurance bill. It usually means you are more mature than a single person and it’s proven that married couples file fewer claims.

A insurance policy lapse can increase rates – Driving any period of time without insurance is a misdemeanor and you may have a hard time finding new coverage because you let your insurance lapse. And not only will insurance be more expensive, being ticketed for driving with no insurance might get you fines and jail time. Then you may be required to prove you have insurance by filing a SR-22 with the North Carolina DMV.

Insurance losses for a Nissan Versa – Auto insurance companies analyze the history of losses when setting rates for each model. Vehicles that statistically have higher number or severity of losses will have higher premium rates. The data below shows the historical loss data for Nissan Versa vehicles.

For each coverage category, the claim amount for all vehicles compiled together is equal to 100. Numbers under 100 suggest losses that are better than average, while percentage values above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

Insurance Loss Ratings for Nissan Versa Vehicles
Vehicle 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

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years