Being forced to pay for pricey car insurance premiums can stress out your budget and put the squeeze on your family's finances.
A recent NerdWallet.com study revealed that 70% of consumers have been with the same company for more than four years, and approximately 40% of consumers have never compared car insurance rates at all. Indiana insurance shoppers could pocket approximately 55% a year just by shopping around, but they just don't understand the benefits if they moved their coverage to a different company. With drivers having so many choices for buying affordable insurance for a Nissan Versa in Indianapolis, it is very difficult to choose a lower cost company.
Most major insurance companies make it easy to get prices on the web. Obtaining pricing for Nissan Versa insurance in Indianapolis is pretty easy as you just enter the amount of coverage you want as detailed in the form. Upon sending the form, their system makes automated requests for your driving record and credit report and quotes a price based on many factors. Getting online rate quotes for Nissan Versa insurance in Indianapolis makes it a lot easier to compare rates and it's absolutely necessary to compare as many rates as possible if you want to find a better rate.
In order to find out how much you can save on insurance, compare quotes from the companies shown below. If you have your current policy handy, we recommend that you enter your coverages as shown on your current policy. Doing this guarantees you will get a price comparison using the exact same coverages.
The providers in the list below offer free quotes in Indiana. If multiple companies are listed, we suggest you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$102||$206||$270||$16||$80||$674||$56|
|Versa 1.8 S Hatchback||$234||$632||$380||$22||$114||$1,382||$115|
|Versa 1.8 S SEDAN||$116||$270||$280||$16||$84||$766||$64|
|Versa 1.8 SL Hatchback||$248||$496||$368||$22||$110||$1,244||$104|
|Versa 1.8 SL SEDAN||$208||$580||$294||$18||$88||$1,188||$99|
|Get Your Own Custom Quote Go|
Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise prices noticeably.
Physical damage deductible comparison
The example below demonstrates how deductible levels and can change Nissan Versa yearly insurance costs for different insured age categories. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Should you buy full coverage?
The chart below shows the comparison of Nissan Versa yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no accidents, no driving violations, $250 deductibles, married female driver, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no definitive rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let's assume your Nissan Versa claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after the deductible is paid. If you are paying more than $400 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are some circumstances where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Annual premiums for males versus females in Indianapolis
The example below shows the difference between Nissan Versa insurance premiums for male and female drivers. Data assumes no accidents, no driving violations, comp and collision included, $250 deductibles, marital status is single, and no discounts are factored in.
Don't overlook these Nissan Versa insurance discounts
Auto insurance companies don't always list all their discounts very clearly, so below is a list a few of the more common and the harder-to-find savings tricks you should be using when you buy Indianapolis auto insurance online.
- Memberships - Affiliation with a qualifying organization could earn you a nice discount when shopping for insurance.
- Defensive Driver - Successfully completing a course in driver safety may get you a small discount and easily recoup the cost of the course.
- Discount for Life Insurance - Insurance companies who offer life insurance give a break if you buy some life insurance too.
- Multi-Vehicle Discounts - Having more than one vehicle on one policy can reduce the rates for all insured vehicles.
- Multiple Policy Discount - If you combine your auto and homeowners policies and insure them with the same company you could save up to 20% and get you inexpensive Nissan Versa insurance in Indianapolis.
- Mature Driver Discount - Drivers that qualify as senior citizens can get a small decrease in premiums.
As is typical with insurance, some credits don't apply to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears you can get free auto insurance, it doesn't quite work that way.
Some of the insurance companies that may have most of these discounts include:
If you want the cheapest Nissan Versa rate quotes, ask each insurance company how you can save money. Some credits may not apply in your state. To see insurers who offer discounts in Indiana, click here.
What Impacts Nissan Versa Insurance Rates?
Multiple criteria are considered when you get a price on insurance. Some are obvious like an MVR report, but others are less obvious such as your credit history and annual miles driven. One of the most helpful ways to save on car insurance is to to have a grasp of the factors that go into determining your premiums. If you have a feel for what impacts premium levels, this allows you to make good choices that can earn you lower rates.
The itemized list below are a few of the "ingredients" used by insurance companies to determine your premiums.
Never let your coverage lapse - Driving your car without having proper coverage is a big no-no and you may have a hard time finding new coverage because you let your insurance lapse for non-payment. And not only will your rates increase, getting caught without coverage may earn you a hefty fine and possibly a revoked license. Then you may be required to file a SR-22 with the Indiana department of motor vehicles.
Do you really need the extra policy coverages? - There are a lot of additional coverages that may not really be needed when buying car insurance. Add-on coverages like replacement cost coverage, death and dismemberment, and additional equipment coverage may be wasting your money. The coverages may be enticing when talking to your agent, but your needs may have changed so remove them from your policy.
Lower rates by increasing deductibles - Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Nissan. Some instances where coverage would apply are a broken windshield, hitting a deer, and damage from a fallen tree branch. Deductibles for physical damage are how much you are required to spend out-of-pocket if the claim is covered. The higher the amount you're willing to pay, the less your car insurance will be.
Lower rates with a multi-policy discount - Many car insurance companies apply a discount for people who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even with this discount, it's in your best interest to get quotes from other companies to ensure the best deal.
Save money with GPS tracking and theft deterrents - Choosing a vehicle with a theft deterrent system can help lower your premiums. Theft deterrent systems like GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
Filing car insurance claims can cost you more - Car insurance companies in Indiana provide lower rates to people who only file infrequent claims. If you are the type of insured that files lots of claims you can definitely plan on higher rates. Insurance coverage is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
Drive a fast car, truck or SUV and pay more - The type of vehicle you need insurance for makes a huge difference in your auto insurance rates. Due to the fact that the Nissan Versa is classified as a subcompact, insuring your vehicle will cost about the same or even less as compared to the average rate in Indianapolis. Low performance passenger models receive the most favorable rates, but your final cost has many other factors.
Annual miles is a factor - Driving a lot of miles in a year the higher your rates will be. A lot of insurance companies calculate prices determined by how the vehicle is used. Autos not used for work or commuting get more affordable rates than vehicles that are driven to work every day. An incorrectly rated Versa is throwing money out the window. It's a good idea to make sure your policy is showing the correct usage, because it can save money.
Claims statistics for a Nissan Versa - Companies use past insurance losses to calculate a price that will offset losses. Vehicles that the statistics show to have higher number or severity of losses will be charged more to insure.
The data below shows the historical insurance loss data for Nissan Versa vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while numbers shown that are more than 100 point to more frequent losses or larger claims.
Auto Insurance Loss Data for Nissan Versa Models
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan Versa Note||112||96||85||161||171||133|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
What if I want to buy from local Indianapolis insurance agents?
Many people still like to talk to an insurance agent and that is OK! Good agents can help determine the best coverages and help file insurance claims. One of the great benefits of getting online price quotes is that drivers can save money and get cheap car insurance rates and still choose a local agent. Supporting local insurance agencies is still important in Indianapolis.
After completing this form (opens in new window), your insurance coverage information is sent to agents in your area who will gladly provide quotes for your car insurance coverage. You never need to leave your computer due to the fact that quote results will go directly to your email. If you need to compare rates for a specific company, don't hesitate to navigate to their website and fill out the quote form the provide.
The different types of auto insurance agents
If you are wanting to purchase car insurance from an insurance agent, you must know there are a couple types of insurance agents and how they are distinctly different. Car insurance agencies may be either independent (non-exclusive) or exclusive. Either can sell car insurance policies, but we need to point out the difference in how they write coverage since it can affect the type of agent you choose.
Independent Car Insurance Agencies or Brokers
These type of agents are appointed with more than one company so they can write business amongst many companies and potentially find a lower price. If you are not satisfied with one company, they simply move your policy to a different company and the insured can keep the same agent.
When comparing car insurance prices, it's recommended you compare quotes from several independent agencies to have the best price comparison.
The following are independent insurance agents in Indianapolis that can give you comparison quotes.
Burns Insurance Agency - Commercial, Personal and Transportation Insurance Specialists
1433 N Meridian St - Indianapolis, IN 46202 - (317) 377-1100 - View Map
Exclusive agents can only write with one company and some examples include American Family, State Farm, and Allstate. Exclusive agencies are unable to provide prices from multiple companies so keep that in mind. They are very knowledgeable in insurance sales which helps offset the inability to provide other markets.
The following are exclusive insurance agencies in Indianapolis willing to provide price quotes.
Finding the right auto insurance agent should depend on more than just the price. The answers to these questions are important, too.
- Does the agency have a positive business rating?
- Will you get a loaner vehicle if you car is being repaired?
- How many years have they been established?
- Is their price quote a firm figure or are their hidden costs?
- Is the agent properly licensed in Indiana?
Drivers who switch save $391 a year? Really?
Indiana drivers can't avoid all the ads for cheaper car insurance by companies like GEICO, State Farm and Progressive. They all advertise the message that you can save if you change to their company.
How can each company charge you less for auto insurance? This is the way they can do it.
Companies look for specific characteristics for the type of driver that will most likely be profitable. A good example of this type of risk profile might be described as between the ages of 30 and 50, has no driving citations, and has a high credit rating. Any new insured that matches those criteria is entitled to the best price as well as save if they switch.
Insureds who do not match the requirements will be quoted higher premium rates which results in the customer buying from someone else. If you pay close attention to the ads, they say "drivers that switch" but not "everyone who gets a quote" save money. That's the way insurance companies can make the claims of big savings.
Because each company has a different risk profile, it is so important to compare free Indianapolis auto insurance quotes often. It's just not possible to know which car insurance company will fit you best based on your risk profile.
Persistent drivers can save
As you prepare to switch companies, you should never buy less coverage just to save a little money. There are too many instances where an accident victim reduced liability coverage limits and found out when filing a claim they didn't have enough coverage. Your goal should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.
Throughout this article, we presented quite a bit of information on how to shop for Nissan Versa insurance online. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the lowest priced car insurance comes from the smaller companies. Regional companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm and Allstate.
Lower-priced car insurance in Indianapolis can be found on the web in addition to local insurance agencies, so you should compare both to get a complete price analysis. Some companies may not offer internet price quotes and these small insurance companies work with independent agencies.
Even more information is located in the articles below:
- Learn About Car Insurance (GEICO)
- What Insurance is Cheapest for a Chevrolet Equinox in Indiana? (FAQ)
- What Car Insurance is Cheapest for Drivers with Bad Credit in Indiana? (FAQ)
- How Much is Auto Insurance for Infrequent Drivers in Indiana? (FAQ)
- What Auto Insurance is Cheapest for Welfare Recipients in Indiana? (FAQ)
- How Much are Car Insurance Rates for Drivers Over Age 50 in Indiana? (FAQ)
- What Car Insurance is Cheapest for Drivers with a DUI in Indiana? (FAQ)
- What is the Cheapest Auto Insurance in Lawrence, Indiana? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- Safety Features for Your New Car (State Farm)
- Teen Driving Statistics (GEICO)