Cheapest Insurance for a Nissan Versa in Lincoln

Insurance rates Nissan Versa in LincolnIf you want to save money, the best way to get the cheapest Nissan Versa insurance is to compare quotes annually from companies that sell auto insurance in Lincoln.

One key aspect when comparing rates is to use the same coverage limits and deductibles on each quote and and to get rates from as many car insurance companies as possible. Doing this provides a fair price comparison and the best price selection.

It’s well known that insurance companies want to prevent you from shopping around. Drivers who shop around for better prices will most likely move their business because of the high probability of finding lower prices. Surprisingly, a recent survey revealed that people who shopped around saved approximately $3,500 over four years compared to those who didn’t regularly shop around.

If finding discount rates on car insurance in Lincoln is your target objective, then having a good understanding the best way to quote and compare insurance coverage can make the process less intimidating.

Buying affordable insurance in Lincoln is actually very simple if you learn how to start. Just about every driver who needs lower cost insurance should be able to save money. But Nebraska car owners must know how insurance companies price insurance differently and apply this information to your search.

It’s important to know that comparing more prices will enable you to find lower pricing.

The companies shown below are ready to provide price comparisons in Nebraska. To buy the cheapest auto insurance in Lincoln, NE, it’s highly recommended you get rates from several of them in order to get a fair rate comparison.

Car insurance just makes sense

Even though it’s not necessarily cheap to insure a Nissan in Lincoln, paying for car insurance serves a purpose in several ways.

First, just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your Nissan Versa, it’s most likely the lender will make it a condition of the loan that you have insurance to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank may insure your Nissan at a more expensive rate and force you to pay the higher price.

Third, insurance protects both your Nissan and your personal assets. It will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to repair the damage minus the deductible amount.

The benefits of insuring your car definitely exceed the price paid, particularly for liability claims. According to a recent study, the average American driver overpays more than $800 each year so shop around every year to save money.

Nissan Versa insurance coverage information

The rate information shown next highlights different insurance coverage prices for Nissan Versa models. Understanding how insurance premiums are established is important to be able to make smart choices when comparing insurance quotes.

Nissan Versa Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $108 $214 $282 $16 $84 $704 $59
Versa 1.8 S Hatchback $126 $308 $282 $16 $84 $816 $68
Versa 1.8 S SEDAN $126 $308 $282 $16 $84 $816 $68
Versa 1.8 SL Hatchback $146 $354 $282 $16 $84 $882 $74
Versa 1.8 SL SEDAN $146 $354 $282 $16 $84 $882 $74
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in zip code location which can decrease or increase premium rates substantially.

Higher deductibles save money

One of the hardest decisions when shopping for car insurance is where to set your physical damage deductibles. The figures shown below illustrate the difference in cost of buying low and high comp and collision deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Nissan Versa insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $192 $382 $300 $18 $90 $1,007 $84
Versa 1.8 S Hatchback $224 $548 $300 $18 $90 $1,205 $100
Versa 1.8 S SEDAN $224 $548 $300 $18 $90 $1,205 $100
Versa 1.8 SL Hatchback $258 $632 $300 $18 $90 $1,323 $110
Versa 1.8 SL SEDAN $258 $632 $300 $18 $90 $1,323 $110
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Nissan Versa insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $140 $258 $300 $18 $90 $806 $67
Versa 1.8 S Hatchback $164 $370 $300 $18 $90 $942 $79
Versa 1.8 S SEDAN $164 $370 $300 $18 $90 $942 $79
Versa 1.8 SL Hatchback $188 $428 $300 $18 $90 $1,024 $85
Versa 1.8 SL SEDAN $188 $428 $300 $18 $90 $1,024 $85
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in your specific Lincoln location which can alter prices considerably.

Based on this data, using a $100 deductible would cost the average driver about $22 more each month or $264 for a full year across all Nissan Versa models than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average at least 18 months between claim filings, you would most likely save money by selecting a higher deductible. Below is the way you can make your own decision.

Average monthly premium for $100 deductibles: $101
Average monthly premium for $500 deductibles (subtract): – $79
Monthly savings from raising deductible: $22
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Careless drivers pay higher rates

The information below illustrates how violations and at-fault fender-benders can impact Nissan Versa insurance costs for different age groups. The data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Males versus Females

The chart below shows the comparison of Nissan Versa premium costs for male and female drivers. The premiums are based on no violations or claims, full physical damage coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.

Cut your car insurance rates with discounts

Some insurance providers don’t necessarily list their entire list of discounts very well, so the following is a list of some of the best known and also the more inconspicuous credits available to bring down your rates.Discount car insurance

A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think you can get free auto insurance, it’s just not the way it works.

The chart below illustrates the difference between Nissan Versa insurance costs with and without discounts applied to the premium. The data is based on a male driver, no violations or accidents, Nebraska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-policy, homeowner, and multi-car discounts applied.

Some of the larger companies that may offer quotes with some of the discounts shown above possibly include:

If you want affordable Lincoln auto insurance quotes, ask every insurance company how many discounts you can get. Some discounts listed above might not be offered in Lincoln.