How to Compare Buffalo Nissan Versa Insurance

It’s safe to assume that insurance companies want to prevent you from shopping around. Consumers who do rate comparisons are very likely to switch companies because there is a significant possibility of finding good coverage at a lower price. Remarkably, a study showed that people who shopped around annually saved an average of $3,450 over four years compared to drivers who never shopped around for cheaper prices.

If finding the most affordable insurance in Buffalo is your ultimate goal, then learning about how to get free comparison quotes and analyze auto insurance can help make the process easier.

Really, the only way to get affordable car insurance rates is to start comparing prices yearly from insurers who provide car insurance in Buffalo.

1. Try to learn a little about coverages and the steps you can take to keep rates down. Many rating factors that are responsible for high rates such as speeding tickets, accidents and a not-so-good credit history can be amended by making minor driving habit or lifestyle changes.
2. Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO and State Farm, while agents who are independent can provide rate quotes for many different companies.
3. Compare the quotes to the premium of your current policy to see if cheaper Versa coverage is available. If you find a lower rate quote and change companies, ensure coverage does not lapse between policies.
4. Provide adequate notice to your current company of your intention to cancel your current car insurance policy. Submit a completed policy application and payment for the new coverage. Once the paperwork is finalized, store the certificate verifying proof of insurance with your vehicle’s registration.

A good tip to remember is to make sure you enter the same deductibles and limits on every quote request and and to analyze as many auto insurance providers as possible. This guarantees an accurate price comparison and a thorough price selection.

The Nissan Versa Insurance Price Equation

One of the most helpful ways to save on auto insurance is to to have a grasp of the factors that aid in calculating your auto insurance rates. If you know what impacts premium levels, this allows you to make good choices that will entitle you to lower auto insurance prices. Many things are considered when quoting car insurance. Some factors are common sense like an MVR report, but other factors are more obscure such as your marital status and annual miles driven.

Listed below are some of the most rate-impacting factors used by insurance companies to determine rates.

• Bad drivers pay high rates – Good drivers get better rates compared to drivers with tickets. Even one chargeable violation can increase the cost of insurance to the point where it’s not affordable. Drivers who have license-revoking violations such as reckless driving, hit and run or driving under the influence may be required to prove financial responsibility with their state in order to continue driving.

  The example below shows how speeding tickets and fender-benders can increase Nissan Versa car insurance rates for each age group. Data assumes a married female driver, full coverage, $100 deductibles, and no discounts are factored in.

• Big cities have higher costs – Having an address in a small town is a good thing when shopping for auto insurance. Less people living in that area means less chance of accidents in addition to fewer liability claims. Residents of big cities have congested traffic and a longer drive to work. More time commuting means more chances of being involved in an auto accident.
• High comp and collision deductibles lower prices – Physical damage deductibles define how much you are willing to pay in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some instances where coverage would apply would be collision with another vehicle, hail damage, and damage from wind. The more of the claim you choose to pay out-of-pocket, the less money you will pay for auto insurance.
• Don’t buy incidental coverages that may not be needed – There are a ton of optional add-on coverages that sound like a good idea at the time when buying auto insurance. Coverages like vanishing deductibles, death and dismemberment, and Farm Bureau memberships are some examples. They may seem like a good idea when you first buy your policy, but if you don’t need them remove them from your policy.
• Fewer miles means better costs – The more you drive in a year the higher your rate. Many insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks that have low annual miles can be on a lower rate level than cars that get driven a lot. Incorrect rating for your Versa is just wasting money. Double check that your auto insurance coverage properly reflects how each vehicle is driven.
• An active auto insurance claims history can cost more – If you tend to file frequent claims, you can expect either higher rates or even cancellation. Auto insurance companies in New York provide the lowest premiums to insureds that do not abuse their auto insurance. Auto insurance is intended for claims that you cannot pay yourself.
• Defend yourself with liability coverage – A critical coverage on your policy, liability insurance is the protection if a court rules you are at fault for causing damage or personal injury in an accident. Your liability coverage provides for a legal defense starting from day one. This coverage is very inexpensive compared to other policy coverages, so do not cut corners here.

• Loss probability for a Nissan Versa – Insurance companies factor in insurance loss information when setting rates for each model. Vehicles that the statistics show to have higher claim frequency or loss amount will be charged more to insure. The table below demonstrates the actual insurance loss data for Nissan Versa vehicles.

  For each policy coverage, the claim probability for all vehicles averaged together is a value of 100. Values below 100 indicate a favorable loss history, while percentages above 100 show a trend for more claims or a tendency for claims to be larger.

  
  

  Car Insurance Loss Data for Nissan Versa Models

  Vehicle 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

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

The best way to compare insurance rates from multiple companies is to know the trick most of the bigger providers actually pay money for the chance to provide you with free rate quotes. The only thing you need to do is provide details including coverage limits, what your job is, types of safety features, and the ages of drivers. That information is sent automatically to many of the top insurers and they return cost estimate with very little delay.

To find lower affordable Nissan Versa insurance rates now, click here and complete the form.

The providers in the list below offer free quotes in New York. If multiple companies are listed, we recommend you visit two to three different companies to get the best price comparison.

Car insurance statistics and figures

The data table shown next covers detailed analysis of insurance rates for Nissan Versa models. Understanding how insurance rates are calculated can be useful when making smart choices when selecting a coverage provider.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in Buffalo location which can raise or lower price quotes substantially.

An analysis of deductible level

When comparing car insurance rates, the most common question is how high should the deductibles for physical damage be. The comparison tables below may help you to understand the rate difference when you choose different coverage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in vehicle garaging location which can change auto insurance rates considerably.

We can estimate from the data above that using a $100 deductible will cost you roughly $21 more each month or $252 every year than choosing the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 19 months between claims, you would more than likely save some money if you elect the higher deductible.

The illustration below demonstrates how deductible levels and can affect Nissan Versa insurance costs for each age group. The costs are based on a single female driver, comp and collision included, and no additional discounts are factored in.

Full coverage versus liability only rates

The information below illustrates the comparison of Nissan Versa annual premium costs with full coverage and liability only. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no policy discounts are applied.

When to drop full coverage

There isn’t a steadfast formula that works best for making the decision to drop physical damage insurance, but there is a broad guideline. 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 you might want to think about dropping full coverage.

For example, let’s pretend your Nissan Versa replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the deductible is paid. If it’s costing in excess of $400 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.

Car insurance protects more than just your car

Despite the high cost, insurance may be required for several reasons.

• Most states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability coverage in order to license the vehicle. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Nissan Versa has a lienholder, most banks will require that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Nissan for a much higher rate and force you to pay much more than you were paying before.
• Insurance protects not only your Nissan Versa but also your financial assets. It also can pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers all legal expenses up to the policy limit in the event you are sued. If your car is damaged in a storm or accident, your policy will pay to repair the damage.

The benefits of buying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. Today the average American driver overpays more than $820 a year so it’s recommended you shop around at least once a year to help ensure money is not being wasted.

Companies offer money-saving discounts on Nissan Versa insurance in Buffalo

Auto insurance is expensive, but there could be available discounts that you may not even be aware of. Many of these discounts will be applied automatically when you complete an application, but some need to be asked about prior to receiving the credit.

• Sign Online – A handful of auto insurance companies provide a small discount for buying your policy on their website.
• First Accident Forgiveness – Not necessarily a discount, but a few companies such as Liberty Mutual, GEICO and Allstate will let one accident slide before they charge you more for coverage if you have no claims prior to the accident.
• Telematics Discount – Insureds that choose to allow their auto insurance company to analyze driving patterns by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they show good driving skills.
• Passenger Safety Discount – Vehicles with factory air bags can receive discounts up to 30%.
• Distant College Student Discount – Kids who are enrolled in a college that is more than 100 miles from Buffalo and leave their car at home can receive lower rates.

Remember that some of the credits will not apply to the whole policy. The majority will only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like adding up those discounts means a free policy, it just doesn’t work that way.

The illustration below compares Nissan Versa yearly insurance costs with and without discounts applied to the policy premium. The information is based on a female driver, a clean driving record, no at-fault accidents, New York state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, safe-driver, and multi-policy discounts applied.

A partial list of companies who may offer most of the discounts above include:

• Progressive
• MetLife
• Mercury Insurance
• Nationwide
• GEICO
• AAA

When comparing rates, check with each insurance company which credits you are entitled to. A few discounts may not be available in your state. For a list of insurers who offer free Nissan Versa insurance quotes in Buffalo, click this link.

Can’t I get rate quotes from local Buffalo car insurance agents?

Some consumers would prefer to have an agent’s advice and that can be a great decision Professional insurance agents can help you choose the best coverages and help file insurance claims. A good thing about comparing insurance prices online is you can get lower rates and still have an agent to talk to.

After completing this quick form, your information is submitted to local insurance agents who can give free rate quotes to get your business. It makes it easy because there is no need to search for any insurance agencies because prices are sent immediately to your email address. If you have a need to compare rates from a specific insurance company, you can always find their quoting web page and give them your coverage information.

Finding a good company requires you to look at more than just the premium amount. Here are some questions you might want to ask.

• Will your rates increase after a single accident?
• Are aftermarket or OEM parts used to repair vehicles?
• If your car is in the repair shop, do you have coverage for a rental car?
• Which insurance companies are they affiliated with?
• Do they have any clout with companies to ensure a fair claim settlement?
• Can glass repairs be made at your home?
• Will the agent or a CSR service your policy?

Below is a list of car insurance companies in Buffalo who can help you get price quote information for Nissan Versa insurance in Buffalo.

More insurance agents

New York auto insurance companies

Picking the top car insurance company is hard considering how many different companies there are to choose from in New York. The company rank data in the next section can help you pick which auto insurers to look at when comparing rate quotes.

Top 10 Buffalo Car Insurance Companies Ranked by Customer Satisfaction

1. The Hartford – 93%
2. The General – 91%
3. Progressive – 90%
4. 21st Century – 89%
5. Erie Insurance – 88%
6. USAA – 87%
7. State Farm – 87%
8. Travelers – 87%
9. Mercury Insurance – 87%
10. Safeco Insurance – 86%

Top 10 Buffalo Car Insurance Companies Ranked by Value

1. The General
2. Erie Insurance
3. The Hartford
4. Mercury Insurance
5. Farmers Insurance
6. 21st Century
7. Safeco Insurance
8. AAA Insurance
9. State Farm
10. Travelers

Do the work, save more money

We just presented some good ideas how to get a better price on Nissan Versa insurance in Buffalo. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the lowest prices come from an unexpected company. They can often provide lower rates in certain areas as compared to the big name companies such as Allstate or State Farm.

Discount Nissan Versa insurance in Buffalo can be found from both online companies and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies do not provide price quotes online and these small insurance companies work with local independent agents.

Other learning opportunities

• Prepare your Teens for Safe Driving (InsureUonline.org)
• Who Has Affordable Car Insurance Rates for Felons in Buffalo? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a Toyota Tacoma in Buffalo? (FAQ)
• Who Has Cheap Buffalo Car Insurance Quotes for a Chevrolet Equinox? (FAQ)
• Who Has Affordable Car Insurance Quotes for Used Cars in Buffalo? (FAQ)
• Who Has Cheap Car Insurance Rates for Immigrants in Buffalo? (FAQ)
• What Car Insurance is Cheapest for Teenage Females in Buffalo? (FAQ)
• How to shop for a safer car (Insurance Institute for Highway Safety)
• Parking Tips to Reduce Door Dings (State Farm)
• Booster Seat Ratings (iihs.org)