The best way we recommend to quote cheaper Nissan Versa insurance in Louisville is to make a habit of regularly comparing prices from insurance carriers who sell auto insurance in Kentucky.
Step 1: Get a basic knowledge of individual coverages and the measures you can take to keep rates down. Many policy risk factors that cause rate increases like careless driving and a low credit rating can be remedied by being financially responsible and driving safely.
Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO and State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers.
Step 3: Compare the price quotes to the premium of your current policy to see if cheaper Versa coverage is available. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.
Step 4: Give notification to your current company of your decision to cancel the current policy and submit a signed application and payment for your new coverage. As soon as you have the new policy, safely store the proof of insurance certificate with your vehicle’s registration.
One piece of advice is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each quote and and to get quotes from as many companies as feasibly possible. Doing this enables a fair rate comparison and a thorough price selection.
It’s an obvious conclusion that auto insurance companies don’t want policyholders to compare prices from other companies. Insureds who compare price quotes will most likely buy a new policy because they have a good chance of finding a policy with more affordable rates. Surprisingly, a recent survey revealed that consumers who regularly shopped around saved approximately $72 a month compared to drivers who never shopped around for better prices.
If finding discount rates on auto insurance is why you’re here, understanding how to get free comparison quotes and analyze auto insurance can save time, money, and frustration.
Companies offering Nissan Versa insurance in Louisville
The auto insurance companies shown below have been selected to offer quotes in Louisville, KY. To buy cheap auto insurance in Kentucky, we recommend you visit two to three different companies to find the most affordable auto insurance rates.
Analysis of Nissan Versa rates
The price information below highlights a range of insurance costs for Nissan Versa models. Being aware of how insurance policy rates are determined can aid in making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$112||$216||$334||$20||$100||$782||$65|
|Versa 1.8 S Hatchback||$132||$308||$334||$20||$100||$894||$75|
|Versa 1.8 S SEDAN||$132||$308||$334||$20||$100||$894||$75|
|Versa 1.8 SL Hatchback||$152||$356||$334||$20||$100||$962||$80|
|Versa 1.8 SL SEDAN||$152||$356||$334||$20||$100||$962||$80|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can raise or lower price quotes considerably.
The illustration below shows how different deductible levels and can impact Nissan Versa yearly insurance costs for each different age group. The data is based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
Liability only or full coverage
The information below illustrates the difference between Nissan Versa auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no additional discounts are factored in.
When to eliminate full coverage
There is no definitive formula of when to stop paying for full coverage, but there is a general convention. If the annual cost of comprehensive 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 pretend your Nissan Versa settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $5,000 after the policy deductible has been paid. If you are paying more than $500 annually to have full coverage, then you might consider buying liability only.
There are some cases where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
These nine discounts can reduce Nissan Versa insurance rates
Some companies don’t necessarily list every discount very well, so we took the time to find both the well known and the more hidden car insurance savings.
- Professional Memberships – Participating in qualifying employment or professional organizations could trigger savings on your policy.
- First Accident Forgiveness – This one isn’t a discount, but companies like Allstate and GEICO permit an accident before hitting you with a surcharge as long as you don’t have any claims for a specific time period.
- Good Student – Being a good student may save as much as 25% on a Louisville car insurance quote. The good student discount can last up until you turn 25.
- Multiple Vehicles – Buying a policy with more than one vehicle on one policy can reduce rates for all insured vehicles.
- E-sign – A few larger online companies will give a small break for buying your policy digitally online.
- Driver Safety – Taking time to complete a course that instructs on driving safety may get you a small discount and easily recoup the cost of the course.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy a life insurance policy as well.
- Telematics Data Discounts – Insureds that choose to allow data collection to look at driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks as long as the data is positive.
- Anti-lock Brake Discount – Cars and trucks equipped with ABS or steering control prevent accidents and will save you 10% or more on Versa insurance in Louisville.
Keep in mind that most discount credits are not given to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. Even though it appears you can get free auto insurance, nobody gets a free ride.
The example below shows the difference between Nissan Versa car insurance rates with and without discounts applied. The premiums assume a male driver, no accidents or driving violations, Kentucky 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 claim-free, multi-car, marriage, safe-driver, multi-policy, and homeowner discounts applied.
A list of car insurance companies and a partial list of their discounts can be read below.
- GEICO may have discounts that include multi-policy, five-year accident-free, air bags, membership and employees, defensive driver, anti-theft, and anti-lock brakes.
- Travelers includes discounts for student away at school, hybrid/electric vehicle, home ownership, save driver, good student, and multi-policy.
- Farm Bureau may offer discounts for renewal discount, multi-vehicle, youthful driver, safe driver, good student, 55 and retired, and driver training.
- Liberty Mutual offers discounts for new graduate, exclusive group savings, good student, multi-car, and new move discount.
- American Family discounts include good driver, defensive driver, mySafetyValet, accident-free, early bird, and bundled insurance.
- Progressive may include discounts for online signing, online quote discount, multi-vehicle, multi-policy, good student, and continuous coverage.
Before you buy a policy, ask each company or agent which credits you are entitled to. Some discounts may not be offered in Louisville. If you would like to see a list of car insurance companies that can offer you the previously mentioned discounts in Louisville, click here to view.
Buying from insurance agents
Some consumers prefer to talk to a local agent. Insurance agents are trained to spot inefficiencies and give you someone to call. The best thing about price shopping on the web is that you can find cheap car insurance rates and still have a local agent. Buying from and supporting small agencies is important especially in Louisville.
Once you complete this form (opens in new window), your information is transmitted to local insurance agents in Louisville that can provide free Louisville car insurance quotes for your car insurance coverage. There is no reason to search for any insurance agencies because prices are sent to you. If you want to get a comparison quote from one company in particular, you just need to jump over to their website to submit a rate quote request.
Finding the right company should include more criteria than just the bottom line cost. These are some questions your agent should answer.
- How much can you save by raising your physical damage deductibles?
- Do they have a Better Business Bureau rating in Louisville?
- How many years have they been established?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Do you work with a CSR or direct with the agent?
- When do they do a full risk review?
- Is vehicle mileage a factor when determining depreciation for repairs?
Your auto insurance coverage should be tailored to you
Always remember that when buying coverage, there really is not a single plan that fits everyone. Everyone’s needs are different and your auto insurance should unique, too.
For example, these questions may help highlight whether you may require specific advice.
- I have a DUI can I still get coverage?
- Does my insurance cover a custom paint job?
- What are good deductibles for a Nissan Versa?
- Is my camper covered for physical damage?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Am I covered if I hit someone who is not insured?
- Should I buy more coverage than the required Kentucky minimum liability coverage?
- Can I rent a car in Mexico?
- Why am I required to get a high-risk car insurance policy?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.
Detailed coverages of your auto insurance policy
Knowing the specifics of auto insurance can help you determine the best coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverage types available from auto insurance companies.
Medical payments and PIP coverage
Med pay and PIP coverage pay for immediate expenses such as EMT expenses, ambulance fees, nursing services and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as damage to your Nissan Versa.
Since a lot of drivers only carry the minimum required liability limits (which is 25/50/10), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
This will cover damage that occurs to other people or property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/10 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers things such as repair bills for other people’s vehicles, emergency aid, medical services and attorney fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Kentucky requires drivers to carry at least 25/50/10 but it’s recommended drivers buy more coverage.
The illustration below shows why low liability limits may not be high enough to cover claims.
Comprehensive auto coverage
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as hitting a deer, theft, hitting a bird and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like colliding with a tree, driving through your garage door, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible on your Versa to save money on collision insurance.
In this article, we covered some good ideas how to find cheaper Nissan Versa insurance in Louisville. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest premium rates come from a small mutual company. Smaller companies can often provide lower prices in certain areas as compared to the big name companies such as Allstate or State Farm.
When searching for affordable Nissan Versa insurance quotes, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped liability limits or collision coverage only to regret that the small savings ended up costing them much more. Your goal is to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.
For more information, feel free to visit the resources below:
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Who Has Cheap Louisville Auto Insurance for Drivers with Bad Credit? (FAQ)
- What Auto Insurance is Cheapest After a Speeding Ticket in Louisville? (FAQ)
- How Much is Car Insurance for Low Mileage Drivers in Louisville? (FAQ)
- Who Has Cheap Louisville Car Insurance Rates for a Honda Pilot? (FAQ)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- What is a Telematics Device? (Allstate)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Safety Belts FAQ (iihs.org)