How long has it been since you shopped around for more competitive Nissan Versa insurance in Fort Worth? Trying to come up with a payment for pricey insurance can overdraw your budget and possibly require you to analyze your spending habits. Comparing rate quotes can save money and help to tighten up your finances.
A recent insurance study discovered that the vast majority of drivers have purchased from the same company for well over three years, and virtually 40% of consumers have never even shopped around for lower-cost coverage. The average driver in Fort Worth could save roughly 70% a year by just shopping around, but they don’t know the rate savings if they swap their current policy for a cheaper one.
How to buy cheaper Nissan Versa insurance in Fort Worth
Truthfully, the best way to find cheaper prices for Nissan Versa insurance in Fort Worth is to compare prices once a year from insurance carriers who sell auto insurance in Texas. Drivers can shop around by completing these steps.
- Gain an understanding of individual coverages and the factors you can control to prevent expensive coverage. Many factors that drive up the price such as accidents, careless driving, and bad credit can be improved by paying attention to minor details. Later in this article we will cover more details to get better rates and get additional discounts that may be available.
- Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple companies.
- Compare the price quotes to the price on your current policy to see if you can save by switching companies. If you can save money, ensure coverage does not lapse between policies.
- Provide notification to your current agent or company of your decision to cancel your existing policy and submit the signed application along with the required initial payment to your new agent or company. Once the paperwork is finalized, place the new certificate of insurance in a readily accessible location in your vehicle.
A good tip to remember is that you’ll want to make sure you compare identical limits and deductibles on each quote request and and to get quotes from as many car insurance companies as possible. Doing this guarantees an apples-to-apples comparison and the best price selection.
With so many choices of insurance companies that have cheaper insurance for a Nissan Versa in Fort Worth, it is very difficult to locate the best company.
Comparing rates for more affordable policy in Fort Worth is quite easy. If you’re already insured or need new coverage, use these techniques to reduce the price you pay without having to cut coverage. Smart shoppers just have to understand the quickest way to compare rate quotes online.
The easiest way to compare rates for Nissan Versa insurance in Fort Worth is to know the fact most of the bigger providers actually pay money for the chance to give you rate quotes. To begin a comparison, all you need to do is take a few minutes to give details such as if it has an alarm system, if your license is active, if you require a SR-22, and whether you are married. That rating data is instantly sent to multiple insurance providers and you will receive price estimates with very little delay.
To check Nissan Versa insurance prices now, click here and enter the information requested.
The car insurance companies shown below can provide comparison quotes in Texas. If multiple companies are shown, we suggest you compare several of them to get the lowest price.
Data for Nissan Versa insurance
The coverage table displayed below showcases different coverage costs for Nissan Versa models. Having knowledge of how car insurance prices are determined can help you make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Versa 1.6 SEDAN | $238 | $560 | $462 | $28 | $138 | $1,426 | $119 |
| Versa 1.8 S Hatchback | $280 | $802 | $462 | $28 | $138 | $1,710 | $143 |
| Versa 1.8 S SEDAN | $280 | $802 | $462 | $28 | $138 | $1,710 | $143 |
| Versa 1.8 SL Hatchback | $322 | $924 | $462 | $28 | $138 | $1,874 | $156 |
| Versa 1.8 SL SEDAN | $322 | $924 | $462 | $28 | $138 | $1,874 | $156 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Table data does not factor in Fort Worth location which can impact premiums significantly.
Liability only or full coverage
The information below compares Nissan Versa insurance prices with full coverage compared to only the Texas minimum liability coverage. The rates are based on no claims or driving citations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
When to buy liability coverage only
There is no written rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s say your Nissan Versa replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Here’s why auto insurance is not optional
Even though it can be expensive, insuring your vehicle serves several important purposes.
- The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability protection in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your Nissan, almost every bank will force you to buy insurance to guarantee loan repayment. If you do not pay your insurance premiums, the lender will be forced to insure your Nissan for a much higher rate and force you to pay for it.
- Auto insurance protects not only your vehicle but also your financial assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also pays expenses related to your legal defense in the event you are sued. If your Nissan gets damaged, your policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance definitely exceed the price paid, especially for larger claims. Today the average American driver overpays as much as $700 annually so you should quote your policy with other companies at every renewal to ensure rates are competitive.
Why You Might Pay Lower Rates in Fort Worth
When buying insurance it’s important to understand the rating factors that come into play when calculating the level of your policy premiums. If you know what determines base rates, this allows you to make good choices that can help you get big savings.
The items below are a partial list of the pieces used by your company to calculate your rate level.
Consolidating policies can get discounts – Some insurance companies allow better rates to insureds that purchase more than one policy in the form of a multi-policy discount. Even with this discount applied, it’s still a good idea to shop around to help guarantee you have the best rates. Drivers may still save more without the discount by insuring with multiple companies.
Your address can push rates up or down – Having an address in small towns and rural areas is a good thing if you are looking for the lowest rates. Less people living in that area means fewer accidents and a lower car theft rate. Urban drivers have more aggressive driving styles and much longer commute distances. More time behind the wheel translates into higher accident risk.
Little extras can really add up – There are many additional extra coverages that can waste your money if you aren’t diligent. Insurance for things like rental car reimbursement, high-cost glass coverage, and extra life insurance coverage are examples of these. The coverages may be enticing when deciding what coverages you need, but if they’re wasting money consider taking them off your policy.
Costs impacted by vehicle usage – Driving a lot of miles each year the more you’ll pay to insure your vehicle. Many insurance companies calculate rates based on their usage. Cars and trucks that have low annual miles receive lower rates than vehicles that have high annual mileage. An improperly rated Versa may be costing you higher rates. Double check that your declarations sheet shows the correct driver usage.
Having a spouse is a bonus – Being married helps lower the price compared to being single. Having a significant other generally demonstrates drivers are more mature than a single person and statistics prove drivers who are married file infrequent claims.
Better credit means lower prices – Having a bad credit rating is a large factor in calculating your insurance rates. So if your credit rating can use some improvement, you could potentially save money when insuring your Nissan Versa by taking the time to improve your credit score. Insureds that have excellent credit tend to file fewer claims and have better driving records than drivers who have lower credit ratings.
Responsible drivers pay the best prices – Drivers with clean records tend to pay less for car insurance compared to bad drivers. Having a single speeding ticket or other violation may cause rates to rise by as much as thirty percent. Drivers unfortunate enough to have license-revoking violations like DUI or willful reckless driving may find that they have to to complete a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
The information below highlights how speeding tickets and at-fault fender-benders can drive up Nissan Versa car insurance rates for different ages of insureds. The rates are based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
Insurance loss probability for a Nissan Versa – Insurance companies take into consideration historical loss data for every vehicle to help calculate a profitable premium price. Vehicles that tend to have higher losses will have a higher cost to insure.
The table below illustrates the loss history for Nissan Versa vehicles. For each insurance policy coverage type, the claim probability for all vehicles as a whole is equal to 100. Numbers shown that are under 100 suggest losses that are better than average, while values that are above 100 indicate more frequent losses or a tendency for claims to be larger.
| 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t assume everyone needs the same auto insurance coverage
When buying coverage online or from an agent, there really is not a “best” method to buy coverage. Everyone’s situation is unique.
Here are some questions about coverages that might help in determining whether your personal situation may require specific advice.
- Do I have coverage when making deliveries for my home business?
- Is a fancy paint job covered?
- How can I find cheaper teen driver insurance?
- Are there companies who specialize in insuring high-risk drivers?
- Who sells insurance for high-risk drivers?
- Do I need motorclub coverage?
- Do I need replacement cost coverage?
- Is a blown tire covered by insurance?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form. It is quick, free and may give you better protection.
A conclusion for your auto insurance search
People change insurance companies for a variety of reasons including questionable increases in premium, poor customer service, denial of a claim or even policy non-renewal. It doesn’t matter why you want to switch finding a new auto insurance company can be pretty painless.
As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice liability coverage limits only to regret at claim time that it was a big error on their part. The ultimate goal is to purchase plenty of coverage at the best price, not the least amount of coverage.
Lower-priced auto insurance in Fort Worth can be bought both online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not provide rates over the internet and many times these small insurance companies sell through independent agencies.
Steps to finding affordable quotes for Nissan Versa insurance in Fort Worth
The easiest way to get discount Nissan Versa insurance is to compare quotes once a year from companies in Fort Worth. Rate comparisons can be done by following these guidelines.
Step 1: Try to learn a little about how insurance works and the modifications you can make to prevent high rates. Many risk factors that increase rates like accidents, traffic tickets, and a bad credit score can be rectified by making lifestyle changes or driving safer.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Allstate, while independent agencies can provide prices from multiple companies.
Step 3: Compare the price quotes to your existing coverage and determine if cheaper Versa coverage is available. If you can save money and make a switch, make sure there is no coverage gap between policies.
One thing to point out is to make sure you’re comparing similar deductibles and liability limits on every quote request and to quote with every insurance company. Doing this guarantees an accurate price comparison and a better comparison of the market.
Helpful learning opportunities
- What is Full Coverage? (Allstate)
- Who Has Affordable Fort Worth Auto Insurance for 19 Year Olds? (FAQ)
- Who Has Cheap Car Insurance Rates for Postal Workers in Fort Worth? (FAQ)
- Who Has the Cheapest Fort Worth Auto Insurance for a Kia Optima? (FAQ)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)