Best Cheap Insurance for a Nissan Versa in Missouri

When talking about auto insurance, the word “cheap” should not be used anywhere in the article to describe car insurance prices. Excuse the oxymoron, but cheap auto insurance for a Nissan Versa does not exist. Don’t let that bother you, though, because there may be ways you can still get coverage that is cheaper than what you are paying now.

The chances of buying cheap insurance for a Nissan Versa in Missouri is contingent on a complex formula that factors things such as if you are a renter or homeowner, your credit status, and if you have tickets or violations. Drivers in Missouri will pay on average $860 per year to insure a Versa, but that is a projection that rates a 40-year-old married female that included full coverage including both comprehensive and collision and $100 policy deductibles.

There is a high probability that you are not 40 and possibly not even female, you might be single instead of married, or you need different physical damage deductibles. Having just a slight change in policy rating factors can lead to a significant difference in the price of coverage.

Everyone has unique insurance needs, and this illustrates why the only way to find the cheapest insurance price for your Nissan is to shop around at every renewal for lower rates. In just a few minutes you will receive rate quotes from some of the best companies available.

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The specific trim level impacts the cost of coverage, so the rate you pay to insure a Versa 1.6 SEDAN model will be $268 less than the price to insure the more costly Versa 1.8 SL SEDAN version, as shown in the chart below.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Prices do not factor in vehicle location which can raise or lower insurance rates significantly.

Deciding which companies have the best insurance rates for a Nissan Versa requires more work than just quoting one company’s rates. Every insurance provider has a proprietary method for determining rates in each state, so we will examine the insurance companies with the overall best prices in Missouri.

It’s a good idea to know that Missouri insurance rates are impacted by many factors that can increase the price you have to pay. Turning one year older, increasing liability limits, or getting a DUI may cause policy rate changes resulting in some rates now being cheaper in comparison to the competition.

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USAA normally has some of the best car insurance rates in Missouri at around $648 annually. The Hartford, Electric, Allied, and MO Farm Bureau also rank well as some of the more affordable Missouri car insurance companies.

As shown above, if you have coverage with MO Farm Bureau and switched to The Hartford, you could see savings of around $236. Customers with Auto-Owners might save as much as $252 a year, and Travelers policyholders might reduce prices by as much as $253 a year.

It’s important to note that these prices are averaged across all insureds and vehicles and are not factoring in a specific rating modification for a Nissan Versa. So the car insurance company that has the cheapest rates for you may not even be shown in the rate chart shown above. That affirms the importance of why you need to get rate quotes using your own specific driver information and vehicle.

Full coverage rates vs. liability-only

Finding the best cheap insurance for a Nissan Versa in Missouri is the goal of the majority of people, and one easy way to buy cheaper insurance is to buy only liability coverage. The example below shows the difference between annual premium costs with and without full coverage. The rates are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

If the expense is averaged for all age categories, full coverage costs an additional $1,472 per year more than just buying liability insurance. That amount may make you wonder when is the right time to remove full coverage. There isn’t a steadfast formula that works best for making the decision to drop 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 around 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

The illustration below shows how different deductible levels can affect insurance rates when trying to find cheap insurance for a Nissan Versa. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

The chart above illustrates that a 50-year-old driver could save $276 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $414 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could roll back prices up to $716 or more by choosing a larger deductible amount.

If you do raise deductibles, it will be important to have additional funds in a savings account to offset the extra out-of-pocket expense associated with higher deductibles.