Buying affordable car insurance for a Nissan Versa relies on a lot of things such as how old the Versa is, the likelihood of vehicle theft, and driving violations and tickets. Drivers pay approximately $744 each year for Versa insurance, but that amount is a valuation based on a 40-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you’re not a 40-year-old female, single instead of married, or maybe you need higher liability limits than the state minimum. Having just a slight change in the criteria used to calculate rates could result in a significant change in the cost of a policy.
There is no one cookie-cutter policy that works for everyone, so the best way to find affordable rates for your Nissan is to compare as many rates as possible. Do a quick rate comparison now and you will be able to compare rates from top-rated car insurance companies that insure vehicles in Kentucky.
The trim level of your Versa tends to have a direct impact on the annual cost of coverage, so the price you pay to insure a Versa 1.6 SEDAN model will be $174 cheaper than the cost to insure the more expensive Versa 1.8 SL SEDAN model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$100||$216||$342||$20||$102||$780||$65|
|Versa 1.8 S Hatchback||$116||$308||$342||$20||$102||$888||$74|
|Versa 1.8 S SEDAN||$116||$308||$342||$20||$102||$888||$74|
|Versa 1.8 SL Hatchback||$134||$356||$342||$20||$102||$954||$80|
|Versa 1.8 SL SEDAN||$134||$356||$342||$20||$102||$954||$80|
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Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Information does not factor in specific location information which can raise or lower coverage rates significantly.
Ending up with a highly-rated car insurance company can be a challenge considering how many choices there are in Louisville. The company ratings shown next can help you analyze which auto insurers to look at comparing rate quotes with.
These rankings are for companies that insure vehicles across America, so companies that only write business in Kentucky or surrounding areas are not included in these rankings. To compare price quotes from these and other companies in Kentucky, simply click here.
Top 10 Major Car Insurance Companies in Louisville Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Top 10 Major Car Insurance Companies Overall in Louisville
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
The illustration below shows how different deductible levels can raise or lower insurance costs when quoting cheap insurance for a Nissan Versa. Data assumes a single male driver, full coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could pocket $456 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $684 by using a $1,000 deductible. Young drivers, like the Age 20 category, have the ability to save as much as $1,366 each year just by choosing higher deductibles when buying full coverage. When raising deductibles, it’s a good idea to have additional savings on hand to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Discounts on Louisville auto insurance
Auto insurance companies that offer coverage for a Nissan Versa may also provide policy discounts that can reduce rates by as much as 30% if you meet specific eligibility requirements. The best car insurance companies and a summarized list of policyholder discounts are outlined below.
- Farm Bureau includes discounts for multi-policy, 55 and retired, renewal discount, safe driver, youthful driver, good student, and driver training.
- MetLife policyholders can earn discounts including good student, accident-free, defensive driver, good driver, and multi-policy.
- Progressive offers discounts for homeowner, online quote discount, online signing, multi-policy, good student, continuous coverage, and multi-vehicle.
- AAA discounts include multi-policy, good student, anti-theft, AAA membership discount, and education and occupation.
- American Family has discounts for air bags, mySafetyValet, early bird, bundled insurance, good student, accident-free, and Steer into Savings.
- GEICO may offer discounts for defensive driver, air bags, multi-vehicle, federal employee, good student, membership and employees, and emergency military deployment.
- State Farm has savings for Steer Clear safe driver discount, accident-free, multiple policy, multiple autos, driver’s education, good driver, and defensive driving training.
The example below compares insurance prices with and without discounts. The rate quotes are based on a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, anti-theft, accident-free, passive restraint, and claim-free discounts applied. When discounts are factored in, the average savings per year on car insurance for a Nissan Versa is 28% or $643.
Full coverage versus liability only rates
Paying a lower price for car insurance is the goal of most drivers, and one of the easiest ways to pay less for insurance for a Nissan Versa is to buy liability only. The diagram below compares yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The prices are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
If averaged out across all ages, full coverage costs an extra $1,645 per year over liability only. That touches on the question when is the right time to remove full coverage. There is no definitive guideline to stop paying for comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.