When talking about car insurance, the words “affordable” or “cheap” should not appear as a descriptor for car insurance rates. Despite the oxymoron, cheap car insurance for a Nissan Versa does not exist. We’ll try to make it up to you, because we can show you some ways you can get auto insurance that won’t break your budget.
The chances of buying cheap insurance for a Nissan Versa in Ohio relies on a whole bunch of rating criteria like if you are married or single, whether or not you have prior claims, and any prior driving offenses. Ohio drivers will pay on average $600 per year to insure their Versa, but that rate is an estimation calculated based on a 30-year-old married male who purchased full coverage including both comprehensive and collision and $500 physical damage deductibles.
It’s highly likely you are not a 30-year-old male, possibly single instead of married, or you need different physical damage deductibles. Every driver has a different risk profile, so the way we recommend to find the most affordable coverage for your Nissan is to do your own rate comparisons. Quotes are always free and you can get rates from top-rated companies available.
The trim level of your Versa tends to impact the annual cost of coverage, so the price you will pay to insure a Versa 1.6 SEDAN will be $164 less than the insurance cost for the higher-priced Versa 1.8 SL SEDAN trim level, as shown in the prices below.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Versa 1.6 SEDAN | $106 | $196 | $226 | $14 | $68 | $610 | $51 |
Versa 1.8 S Hatchback | $124 | $280 | $226 | $14 | $68 | $712 | $59 |
Versa 1.8 S SEDAN | $124 | $280 | $226 | $14 | $68 | $712 | $59 |
Versa 1.8 SL Hatchback | $142 | $324 | $226 | $14 | $68 | $774 | $65 |
Versa 1.8 SL SEDAN | $142 | $324 | $226 | $14 | $68 | $774 | $65 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price information does not factor in specific location which can raise or lower insurance rates significantly.
Selecting the highest-rated insurance provider can be difficult considering how many choices there are in Ohio. The company information in the lists below can help you select which auto insurers to look at when insurance shopping for a Nissan Versa.
The rankings below are only made up of companies that write coverage in many states, so companies without a large exposure will not be included in these rankings. To view rates from these and other competitive companies, just click here.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
American Family | 88 | 92 | 83 | 88% | A | 89.4 |
Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Finding cheap insurance for a Nissan Versa in Ohio should be important to most people, and one of the quickest ways to lower the cost of insurance is to only buy liability coverage. The illustration below illustrates the difference between annual premium costs when comparing full coverage to liability only. The costs are based on no violations or claims, $250 deductibles, drivers are single, and no discounts are applied.
If we average all the age groups together, comp and collision coverage costs an additional $1,268 per year over and above liability coverage. That is a big expense that brings up the question if paying for full coverage is a waste of money. There is no definitive rule of when to phase out physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Car insurance companies that provide policies for a Nissan Versa could also offer price discounts that could lower prices by as much as 40% or more if you are eligible to receive them. A list of companies and some of the discounts can be found below.
Discount | Allstate | State Farm | Progressive | Geico | Nationwide | Farmers | Liberty Mutual |
---|---|---|---|---|---|---|---|
Bundle discount | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Multi-vehicle | No | Yes | Yes | Yes | Yes | Yes | Yes |
Theft prevention | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Anti-lock brakes | Yes | Yes | No | Yes | No | No | Yes |
Air bags | Yes | Yes | No | Yes | Yes | Yes | Yes |
Daytime running lights | No | Yes | No | Yes | No | Yes | No |
New car | Yes | Yes | No | No | Yes | Yes | No |
No accidents | Yes | Yes | Yes | Yes | Yes | Yes | No |
Defensive driver training | Yes | Yes | Yes | Yes | Yes | Yes | No |
Low mileage | Yes | Yes | Yes | No | Yes | No | Yes |
Military | No | Yes | Yes | Yes | No | Yes | No |
Affinity/occupation | No | No | No | Yes | Yes | Yes | Yes |
Pay in full | Yes | No | Yes | Yes | Yes | Yes | Yes |
Email statements | Yes | No | Yes | Yes | Yes | Yes | Yes |
Brand loyalty | No | Yes | Yes | No | Yes | Yes | No |
Good student | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Distant student | Yes | Yes | Yes | No | Yes | Yes | Yes |
Own your home | No | No | Yes | No | No | Yes | No |
Use seat belts | No | No | No | Yes | No | No | No |
Online quote | No | No | Yes | No | No | No | No |
Teen driver | No | No | Yes | No | No | No | Yes |
Government employee | No | No | No | Yes | No | No | No |
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The diagram below shows the comparison of insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, no violations or accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, marriage, safe-driver, passive restraint, vehicle safety, and claim-free discounts applied. When drivers take advantage of discounts, the the amount saved on car insurance for a Nissan Versa is % or $.
Consumers have many ways to purchase car insurance in Ohio, but the most prevalent are through an exclusive agency like State Farm or Liberty Mutual, an independent or non-exclusive agent, or from a direct company like Geico or Progressive. They all have the same basic principle, but car insurance shoppers should know the differences in how they work.
Independent agents write for multiple companies and can provide price quotes from every one. They are able to give you a larger rate selection, which can give you improved odds of finding cheaper coverage. If you want to switch companies, your agent can just switch to a different company and you can remain with the same agent.
A captive, or exclusive, agent is only able to quote your policy with one insurance company, for example an Auto-Owners or State Farm agent. Exclusive agents cannot quote rates from more than one company, so you need to shop around if the rates are high.
Buying from a direct company means skip the middleman (the agent) and instead buy direct either online or via phone. This option is a good choice for people who do not need high levels of coverage and know more than average about what car insurance covers and what it doesn’t.
So which method is best to find cheap insurance for a Nissan Versa in Ohio? It would be simple to say buying from a direct car insurance company results in the cheapest price because there are no middleman commissions, but that does not always hold true. It could also be said using an independent agent guarantees the cheapest rates because you have more choices, but again, it’s not necessarily true. And occasionally, exclusive agents have really good rates that cannot be met by either independent or direct companies.
Since car insurance companies use so many rating factors, really the only way to buy the cheapest policy is to do a thorough rate comparison. If you have the time, get price quotes from all three in order to have the best selection to choose from. For a list of companies with some of the cheapest Ohio car insurance rates, click here to view.