Roomy and efficient, the Nissan Versa is an excellent option for many drivers, whether you’re seeking a commuter vehicle or a starter car for your teen driver. When you buy a Nissan Versa, you may wonder if the insurance policy will match the vehicle’s affordable price tag. Use this guide to learn the average cost of Nissan Versa car insurance and discover ways you can save money when insuring this vehicle.
How Much Does Nissan Versa Car Insurance Cost?
The cost of Nissan Versa car insurance can vary, but it’s typically an affordable vehicle to insure. According to CarEdge.com, the average cost of insurance for this vehicle is $1,868 per year. That’s about $357 cheaper than the national average for sedan models, according to the website.
The premium you pay to insure a Nissan Versa often depends on where you live. Here’s a comparison of the cost of Nissan Versa car insurance for good drivers in several states, according to CarEdge.com:
- California: $2,259
- Hawaii: $865
- Louisiana: $3,159
- Maryland: $1,933
- Minnesota: $1,540
- New Mexico: $1,943
- Rhode Island: $2,782
- Washington: $1,640
Factors That Affect the Cost of Nissan Versa Car Insurance
In addition to where you live, other factors can impact the price of your insurance premium for a Nissan Versa. These common factors can affect the cost of Nissan Versa car insurance:
Age
Many insurers use age as a factor when determining insurance premiums. Typically, younger drivers have the highest premiums because they’re less experienced than older drivers. If you plan to purchase a Nissan Versa for your teenager or college student, you may pay a higher premium. Typically, insurance premiums decrease after a driver turns 25, according to the Insurance Information Institute (III).
Gender
Some auto insurance companies may charge higher premiums for male drivers. According to the III, women statistically have fewer accidents, including DUI and serious injury accidents. However, some states don’t allow insurers to use gender as a factor when determining insurance premiums. In those states, male and female drivers who meet other similar criteria will pay the same car insurance rates.
Driving Record
Companies review your driving record, which may include previous accidents, violations, or claims when determining your insurance rate. Newer drivers with a minimal track record may pay higher premiums because insurers don’t have the data to determine their likelihood of making a claim. If you’re a safe, cautious driver with few or no accidents on your driving record, you’ll likely pay less for car insurance.
Year of the Vehicle
The year of your Nissan Versa could impact the cost of your insurance. If you buy a brand-new or recent Versa model, the car will likely have a higher value than a used Versa that’s several years old or more. In this case, you will probably pay more for insurance. That’s because insurers will pay more to repair or replace a high-value vehicle after an accident.
Safety Ratings
Many insurers will consider the vehicle’s safety ratings when setting your policy rate. The safer a vehicle, the more you may save on your insurance premium. Luckily, recent models of the Nissan Versa have received good safety ratings from the Insurance Institute for Highway Safety. These ratings could help lower the cost of insurance for this vehicle.
How To Save Money on Nissan Versa Car Insurance
While Nissan Versa car insurance can be very affordable, there are ways you can save money on your premium to lower costs even further. Use these helpful tips to save money when insuring this car:
- Get quotes. It’s helpful to get quotes from a few companies to help you compare costs. Make sure you’re getting quotes for similar policies with equal coverage to make a fair comparison.
- Ask for discounts. Many auto insurers offer a range of discounts for drivers. For example, you may get a discount if you’re a military member or a student with a high GPA.
- Increase your deductible. Often, increasing your deductible can lower the premium for your policy. If you choose to do this, make sure you can afford to pay the deductible if you’re ever involved in an accident.
- Bundle insurance. It’s common for insurance companies to offer savings if you bundle your car insurance with another policy. For example, you may get a discount if you bundle your car and renters insurance.
What Insurance Do You Need for a Nissan Versa?
The types of insurance you need for a Nissan Versa can depend on several factors, including your state’s requirements and whether you finance the vehicle. Some different types of insurance you may need or want for your Nissan Versa include:
Liability
Most states require you to have liability insurance, which includes bodily injury liability and property damage liability. Each state sets minimum requirements for liability coverage amounts. You’ll need this insurance to drive your Nissan Versa legally.
Comprehensive and Collision
If you finance a Nissan Versa, the lien holder may require you to have comprehensive and collision insurance. This coverage pays for repair costs if your Versa becomes damaged in an accident or another event, such as vandalism or a fire. Even if you own your Versa outright, it can be a good idea to have this coverage to protect the vehicle if it becomes damaged.
Personal Injury Protection
Some states require drivers to have personal injury protection (PIP) insurance. This type of insurance covers medical bills for you and your passengers after an accident. If it’s not required in your state, consider adding it to your policy if you’re concerned about what your health insurance may cover after an accident.
Uninsured/Underinsured Motorist
Similar to PIP insurance, only some states require uninsured or underinsured motorist coverage. This insurance covers medical bills or repair costs if you’re involved in an accident where the at-fault driver doesn’t have enough insurance to pay for those expenses. Evaluate the cost of this insurance to determine whether it’s worth adding to your policy for peace of mind.
Now you know more about the cost and types of Nissan Versa car insurance to help protect yourself and the vehicle in case of an accident. You can typically find affordable policies for a Nissan Versa. By using these tips, you can often save even more money when purchasing auto insurance for this vehicle.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
