Everyone knows that insurance companies don’t want customers comparing rates. Insureds who shop around for the cheapest rate will most likely buy a different policy because there is a significant possibility of finding discount prices. A study showed that drivers who made a habit of comparing rate quotes saved approximately $850 each year compared to other drivers who never compared prices.
If finding low prices for Nissan Versa insurance is the reason for your visit, learning how to get price quotes and compare insurance rates can make shopping around easier.
If saving money is your primary concern, then the best way to save money on Nissan Versa insurance in New Orleans is to start comparing prices yearly from providers who provide auto insurance in Louisiana.
First, get an understanding of auto insurance and the things you can control to prevent high rates. Many things that result in higher rates such as high-risk driving behaviors and a substandard credit score can be amended by improving your driving habits or financial responsibility.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like Progressive and State Farm, while independent agencies can provide rate quotes from many different companies. View prices
Third, compare the new rate quotes to your current policy premium to determine if you can save on Versa insurance. If you find a lower rate quote and switch companies, ensure coverage does not lapse between policies.
Fourth, give proper notification to your current agent or company of your intent to cancel your current policy and submit any necessary down payment along with the completed application to your new carrier. Once received, put the new proof of insurance certificate with your registration paperwork.
The key aspect of shopping around is to use the same liability limits and deductibles on each price quote and and to get rates from as many car insurance companies as possible. This guarantees a level playing field and the best rate selection.
Quote New Orleans Nissan Versa insurance online
Getting low cost car insurance pricing is a fairly straight forward process. Just invest a little time to compare rate quotes from online providers.
The companies shown below are our best choices to provide price comparisons in New Orleans, LA. If you want cheaper car insurance in New Orleans, we suggest you click on several of them in order to get a fair rate comparison.
Choosing the best Versa insurance in Louisiana is an important decision
Despite the high cost of buying insurance for a Nissan Versa in New Orleans, buying auto insurance serves several important purposes.
- Just about all states have mandatory insurance requirements which means you are required to carry a minimum amount of liability insurance coverage in order to drive the car legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, more than likely the lender will force you to buy insurance to guarantee loan repayment. If you let the policy lapse, the bank may buy a policy for your Nissan at an extremely high rate and force you to reimburse them for the much more expensive policy.
- Auto insurance protects both your Nissan and your personal assets. It will also reimburse you for most medical and hospital costs incurred in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your Nissan gets damaged, your auto insurance policy will pay to have it repaired.
The benefits of carrying adequate insurance outweigh the cost, specifically if you ever have a liability claim. The average driver in Louisiana overpays more than $865 each year so compare quotes from several companies every year to save money.
Insurance data for a Nissan Versa
The data table shown next covers different insurance coverage prices for Nissan Versa models. Learning a little about how policy premiums are formulated can aid in making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Versa 1.6 SEDAN | $288 | $582 | $474 | $28 | $142 | $1,514 | $126 |
| Versa 1.8 S Hatchback | $338 | $834 | $474 | $28 | $142 | $1,816 | $151 |
| Versa 1.8 S SEDAN | $338 | $834 | $474 | $28 | $142 | $1,816 | $151 |
| Versa 1.8 SL Hatchback | $388 | $960 | $474 | $28 | $142 | $1,992 | $166 |
| Versa 1.8 SL SEDAN | $388 | $960 | $474 | $28 | $142 | $1,992 | $166 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium amounts do not factor in zip code location which can change price quotes noticeably.
Policy deductibles
A question often asked by New Orleans drivers is how high should your deductibles be. The figures shown below may help to illustrate how much more you’ll pay between low and high physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Versa 1.6 SEDAN | $266 | $498 | $464 | $28 | $140 | $1,421 | $118 |
| Versa 1.8 S Hatchback | $312 | $712 | $464 | $28 | $140 | $1,681 | $140 |
| Versa 1.8 S SEDAN | $312 | $712 | $464 | $28 | $140 | $1,681 | $140 |
| Versa 1.8 SL Hatchback | $358 | $820 | $464 | $28 | $140 | $1,835 | $153 |
| Versa 1.8 SL SEDAN | $358 | $820 | $464 | $28 | $140 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Versa 1.6 SEDAN | $164 | $312 | $464 | $28 | $140 | $1,108 | $92 |
| Versa 1.8 S Hatchback | $194 | $448 | $464 | $28 | $140 | $1,274 | $106 |
| Versa 1.8 S SEDAN | $194 | $448 | $464 | $28 | $140 | $1,274 | $106 |
| Versa 1.8 SL Hatchback | $222 | $516 | $464 | $28 | $140 | $1,370 | $114 |
| Versa 1.8 SL SEDAN | $222 | $516 | $464 | $28 | $140 | $1,370 | $114 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate information does not factor in specific New Orleans garaging location which can alter rates substantially.
Based on this data, using a $250 deductible will cost you roughly $35 more each month or $420 every year than buying the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 21 months between claims, you would probably come out ahead by selecting a higher deductible.
The example below shows how choosing a deductible and can increase or decrease Nissan Versa premium costs for each different age category. The rates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
How careless driving impacts insurance rates
The example below shows how violations and fender-benders drive up Nissan Versa auto insurance costs for different age groups. The premiums assume a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
Full coverage rates vs. liability-only
The example below shows the comparison of Nissan Versa auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
Deciding between full coverage and liability only
There isn’t a written rule of when to stop paying for full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Nissan Versa settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying more than $800 a year for full coverage, then it might be time to consider dropping full coverage.
There are a few situations where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Do you qualify for discounts on Nissan Versa insurance in New Orleans?
Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts to reduce the price significantly. Some discounts will apply when you get a quote, but once in a while a discount must be manually applied before they will apply.
- College Student Discount – Kids who live away from home at college and leave their car at home may qualify for this discount.
- Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase life insurance.
- Telematics Discount – New Orleans drivers who agree to allow companies to monitor driving manner by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they exhibit good driving behavior.
- Bundle and Save – If you combine your home and auto policies with one company you may earn as much as 10 to 15 percent.
- New Vehicle Savings – Insuring a vehicle that is new can be considerably cheaper because newer vehicles are generally safer.
One thing to note about discounts is that most credits do not apply to the entire cost. Some only apply to specific coverage prices like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.
The example below illustrates the comparison of Nissan Versa car insurance rates with and without discounts applied to the premium. The information is based on a female driver, no accidents or driving violations, Louisiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, marriage, and homeowner discounts applied.
A few popular companies and the discounts they provide can be found below.
- GEICO may offer discounts for multi-vehicle, defensive driver, multi-policy, good student, driver training, air bags, and anti-theft.
- Travelers offers discounts for multi-policy, home ownership, new car, student away at school, good student, and payment discounts.
- Farm Bureau includes discounts for good student, multi-policy, driver training, safe driver, 55 and retired, and youthful driver.
- Liberty Mutual has discounts for hybrid vehicle, preferred payment discount, multi-policy, new graduate, and teen driver discount.
- American Family discounts include good driver, bundled insurance, accident-free, air bags, multi-vehicle, mySafetyValet, and defensive driver.
- Progressive offers premium reductions for multi-policy, multi-vehicle, online signing, homeowner, continuous coverage, good student, and online quote discount.
When comparing rates, check with all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts might not be offered on policies in your area. If you would like to see a list of auto insurance companies that have a full spectrum of discounts in New Orleans, click this link.