Nissan Versa Insurance Rate Quotes in Jersey City

If your goal is the lowest price, then the best way to find affordable quotes for car insurance rates is to compare quotes annually from insurance carriers that insure vehicles in Jersey City. You can compare prices by following these steps.

• First, spend some time learning about the coverage provided by your policy and the things you can change to keep rates in check. Many policy risk factors that cause rate increases like inattentive driving and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes.
• Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple companies.
• Third, compare the new rate quotes to your existing rates and see if you can save money. If you find a lower rate quote and change companies, make sure coverage does not lapse between policies.

One bit of advice is that you use identical deductibles and limits on every price quote and and to analyze as many companies as possible. Doing this ensures a level playing field and a better comparison of the market.

It’s a fact that car insurance companies don’t want customers comparing rates. Insureds who perform rate comparisons will most likely switch auto insurance companies because there are good odds of finding more affordable rates. A recent auto insurance study discovered that people who made a habit of comparing rate quotes saved an average of $850 each year compared to other drivers who don’t regularly compare prices.

If finding the lowest price on insurance in Jersey City is your intention, then learning about the best ways to shop for auto insurance can make the process less intimidating.

Locating the best rates in Jersey City is really quite simple as long as you have a good starting point. If you are already insured, you will most likely be able to find better prices using the techniques covered below. Drivers only need to know the quickest way to find the lowest price online.

Cheaper rates with these discounts on Nissan Versa insurance in Jersey City

Insurance is expensive, but you might be missing out on some discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically at the time you complete a quote, but occasionally some discounts must be asked for before being credited.

• New Car Discount – Buying a new car instead of a used Versa can cost up to 25% less because new model year vehicles are generally safer.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out a life insurance policy as well.
• Full Payment Discount – If you pay your bill all at once instead of monthly or quarterly installments you may have a lower total premium amount.
• First Accident Forgiveness – This one is not really a discount per se, but some insurance companies permit an accident before raising your premiums if your claims history is clear for a specific time period.
• Switch and Save Discount – A few larger companies offer discounts for switching policies prior to your current Versa insurance policy expiring. Ten percent is about the average savings.
• Paperwork-free – Some of the larger companies will give a small break shop Jersey City auto insurance digitally online.
• Membership in Organizations – Affiliation with certain professional organizations may earn a discount on your policy.
• Military Rewards – Being deployed in the military may lower your insurance rates slightly.

Please keep in mind that some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, companies wouldn’t make money that way. Any qualifying discounts will help reduce the premium cost.

The diagram below shows the comparison of Nissan Versa insurance prices with and without discounts applied. The information is based on a male driver, a clean driving record, no claims, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, multi-car, safe-driver, and claim-free discounts applied.

Companies and some of the premium reductions they offer include:

• Progressive discounts include good student, online quote discount, homeowner, online signing, multi-vehicle, and continuous coverage.
• Farmers Insurance has savings for bundle discounts, business and professional, good student, multi-car, and alternative fuel.
• Farm Bureau offers discounts for driver training, multi-policy, safe driver, multi-vehicle, and youthful driver.
• State Farm has discounts for driver’s education, good driver, Drive Safe & Save, anti-theft, multiple autos, and passive restraint.
• GEICO policyholders can earn discounts including defensive driver, membership and employees, good student, anti-theft, five-year accident-free, and anti-lock brakes.
• SAFECO includes discounts for teen safety rewards, anti-theft, accident prevention training, safe driver, and homeowner.
• Liberty Mutual offers premium reductions for safety features, teen driver discount, multi-policy, new graduate, new vehicle discount, newly married, and exclusive group savings.

Before purchasing a policy, check with every company which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders everywhere. To see a list of insurers with significant discounts in New Jersey, follow this link.

The best way to compare car insurance rates for Nissan Versa insurance in Jersey City takes advantage of the fact all the major auto insurance companies will pay a fee to give rate comparisons. The only thing you need to do is provide information including if you have an active license, what your job is, driver details, and how much you drive. Your rating data is automatically sent to multiple top-rated companies and you will receive price estimates almost instantly.

To compare lower-cost Nissan Versa insurance rates now, click here and enter your zip code.

The companies shown below can provide price quotes in Jersey City, NJ. To buy cheaper auto insurance in New Jersey, we recommend you visit two to three different companies to get the most affordable price.

Nissan Versa coverage analysis

The coverage information displayed below outlines detailed analysis of insurance policy prices for Nissan Versa models. Learning more about how prices are formulated can assist in making smart buying decisions.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can revise price quotes noticeably.

Comparison of policy deductibles

When buying auto insurance, a common question is which deductible level should you buy. The following tables can help show the cost difference of buying low and high insurance deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in specific zip code location which can impact rates significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $34 more each month or $408 every year than choosing the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 12 months between claim filings, you would save money if you elect the higher deductible.

One big caveat is that a higher deductible means you will have to cover more of the damage yourself when you have a physical damage claim. You need to make sure you have some extra savings in the event you need to pay the deductible to have repairs made.

Reckless driving habits raise auto insurance rates

The example below shows how speeding tickets and accident claims raise Nissan Versa insurance costs for different age groups. The price estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Price comparison of only insuring for liability

The diagram below shows the comparison of Nissan Versa insurance costs when comparing full coverage to liability only. The price estimates are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no written rule of when to phase out full coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Nissan Versa claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after paying your policy deductible. If you are paying over $200 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some situations where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

How do Insurance Companies Determine Nissan Versa Insurance Prices?

Many factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, but other factors are more obscure such as your credit history or how financially stable you are. Part of the car insurance buying process is learning a few of the rating criteria that are used to determine car insurance rates. If you understand what impacts premium levels, this enables you to make decisions that could result in big savings.

The itemized list below are just a few of the factors companies use to determine premiums.

• Where you reside can impact costs – Choosing to live in areas with lower population is a good thing when buying car insurance. Fewer people means fewer accidents and lower theft and vandalism rates. People who live in big cities have to deal with much more traffic and more severe claims. More time on the road means more chance of being in an accident.
• Pay less with a high IIHS safety rating – Cars with five star safety ratings tend to be cheaper to insure. The safest vehicles have better occupant injury protection and better occupant protection means less claims paid and cheaper rates on your policy. If the Nissan Versa has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Don’t let your coverage lapse – Driving with no insurance is against the law and you will pay a penalty because you let your coverage have a gap. Not only will you pay more, failure to provide proof of insurance may result in fines and jail time.

• Older drivers are lower risk – Young drivers in New Jersey have been known to be less responsible when driving therefore car insurance rates are much higher. More experienced drivers have been proven to be more responsible, tend to cause fewer accidents, and usually have better credit.

  The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Loss probability for a Nissan Versa – Insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset losses. Models that the statistics show to have higher prevalence or dollar amount of losses will cost more to insure. The table shown below demonstrates the historical loss data for Nissan Versa vehicles.

  For each policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers below 100 indicate better than average losses, while percentages above 100 show a trend for more claims or an increased probability of a larger loss.

  
  

  Nissan Versa Insurance Loss Statistics

  Make and 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

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Local neighborhood agents and car insurance

Many people would rather get advice from a local agent and doing that can be a smart decision Insurance agents will help you protect your assets and help submit paperwork. One of the great benefits of comparing car insurance online is the fact that you can find lower rates and still buy from a local agent.

After filling out this short form, your insurance data is submitted to agents in your area who will give you bids and help you find cheaper coverage. It makes it easy because there is no need to find an agent on your own since rate quotes are delivered immediately to your email address. If you want to get a price quote from one company in particular, just jump over to their website and give them your coverage information.

Finding the right company requires you to look at more than just the price. The questions below may impact your decision as well.

• Are they paid to recommend certain coverages?
• What company do they have the most business with?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Does the agency have a positive business rating?
• How often do they review coverages?

Pick the best car insurance agent in Jersey City for you

When researching a good insurance agency, it’s important to understand the different types of agents that differ in how they can insure your vehicles. Car insurance agents can either be independent or exclusive. Both properly insure your vehicles, but it’s important to know the differences since it may influence your selection of an agent.

Exclusive Agencies

These type of agents can only write with one company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot shop your coverage around so you might not find the best rates. Exclusive insurance agents are trained well on their products and sales techniques and that enables them to sell even at higher rates.

The following are Jersey City exclusive agents who may provide you with price quote information.

More insurance agents

Independent Agents

Agents in the independent channel are not limited to a single company so they have the ability to put coverage with lots of companies and potentially find a lower price. If your agent finds better pricing, they simply switch companies in-house which makes it simple for you. When comparing car insurance rates, it’s a good idea to compare quotes from several independent agencies in order to compare the most rates.

Listed below is a short list of independent insurance agencies in Jersey City that can give you comparison quotes.

More insurance agents

Upon receiving acceptable answers to all your questions and a good coverage price, chances are good that you have found a car insurance agent that meets the criteria to provide car insurance coverage.

Choosing the best Nissan Versa insurance in New Jersey is an important decision

Despite the high insurance cost for a Nissan Versa in Jersey City, insuring your vehicle serves an important purpose.

• Most states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability protection in order to drive the car. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your vehicle has a lienholder, more than likely the lender will make it a condition of the loan that you have physical damage coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may insure your Nissan at a more expensive rate and force you to pay for it.
• Auto insurance protects your Nissan and your assets. It will also pay for medical bills for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your Versa more than cancel out the cost, especially if you ever need it. Unknowingly, the average driver is currently overpaying as much as $830 a year so we recommend shopping around at least once a year to ensure rates are competitive.

In the end, you can save money

We just covered quite a bit of information on how to find lower-cost Nissan Versa insurance in Jersey City. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest priced insurance comes from the least-expected company. These companies may only write in your state and offer lower car insurance rates as compared to the big name companies such as Progressive or GEICO.

Budget-friendly insurance in Jersey City can be found online and with local Jersey City insurance agents, so you need to quote Jersey City auto insurance with both to have the best selection. There are still a few companies who may not provide price quotes online and most of the time these small insurance companies only sell coverage through local independent agents.

As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where drivers have reduced liability coverage limits only to find out that it was a big error on their part. Your aim should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.

Additional insurance information can be read at the links below

• A Tree Fell on Your Car: Now What? (Allstate)
• What is the Cheapest Auto Insurance in Jersey City, New Jersey? (FAQ)
• Who Has the Cheapest Jersey City Car Insurance Rates for Active Military? (FAQ)
• Who Has Affordable Jersey City Auto Insurance Quotes for a Toyota Tacoma? (FAQ)
• Tread Depth and Tire Safety (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Institute)