Best Quotes for Nissan Versa Insurance in Tampa

The best way to find low-cost prices for Nissan Versa insurance is to compare quotes annually from insurance carriers who provide auto insurance in Tampa.

One key aspect when comparing rates is to make sure you’re comparing the same coverage limits and deductibles on every quote and and to get quotes from as many companies as you can. Doing this guarantees a level playing field and a thorough selection of prices.

Insurance for Nissan VersaEveryone knows that auto insurance companies don’t want you quoting rates from other companies. People who get price comparisons will most likely move their business because there is a good chance of finding better rates. A study showed that drivers who made a habit of comparing rate quotes saved $3,450 over four years as compared to drivers who never compared other company’s rates.

If finding the best rates on Nissan Versa insurance in Tampa is the reason you’re reading this, then learning about how to get rate quotes and compare insurance can make it simple to find affordable coverage.

Locating the best rates in Tampa is really quite simple as long as you have a good starting point. In a nutshell, every vehicle owner who is shopping for auto insurance will most likely get a lower-priced policy. Nevertheless, Florida consumers do need to know the way companies set your policy premium because it varies considerably.

Compare free Tampa Nissan Versa insurance price quotes

To find the best auto insurance quotes, there are several ways of comparing price quotes from different Tampa insurance companies. The recommended way to find competitive Nissan Versa insurance rates is to jump online and get quotes.

It’s so simple to compare auto insurance rate quotes online makes it obsolete to drive around to different Tampa agent offices. Buying insurance online makes this unnecessary unless you prefer the professional assistance that only a licensed agent can provide. Some companies do allow you to compare online quotes and get advice from an agent in your area. Just remember that making a lot of price comparisons will increase your chances of finding a lower rate.

The following companies are ready to provide free quotes in Tampa, FL. To get the best cheap auto insurance in FL, it’s highly recommended you compare several of them to get the best price comparison.

Insurance rate breakdown

The table shown next highlights different insurance coverage prices for Nissan Versa models. Having knowledge of how insurance prices are established is important for drivers to make smart buying decisions.

Nissan Versa Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $186 $406 $542 $32 $162 $1,328 $111
Versa 1.8 S Hatchback $220 $584 $542 $32 $162 $1,540 $128
Versa 1.8 S SEDAN $220 $584 $542 $32 $162 $1,540 $128
Versa 1.8 SL Hatchback $252 $672 $542 $32 $162 $1,660 $138
Versa 1.8 SL SEDAN $252 $672 $542 $32 $162 $1,660 $138
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in vehicle location which can increase or decrease premium rates significantly.

Policy deductible comparison

One frequently asked question is which comprehensive and collision deductibles to buy. The following tables can help you visualize how much more you’ll pay of buying low and high insurance deductibles. The first rate quote example uses a $100 comprehensive and collision deductible 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 $266 $532 $418 $24 $124 $1,389 $116
Versa 1.8 S Hatchback $312 $764 $418 $24 $124 $1,667 $139
Versa 1.8 S SEDAN $312 $764 $418 $24 $124 $1,667 $139
Versa 1.8 SL Hatchback $358 $880 $418 $24 $124 $1,829 $152
Versa 1.8 SL SEDAN $358 $880 $418 $24 $124 $1,829 $152
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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 $194 $360 $418 $24 $124 $1,120 $93
Versa 1.8 S Hatchback $228 $516 $418 $24 $124 $1,310 $109
Versa 1.8 S SEDAN $228 $516 $418 $24 $124 $1,310 $109
Versa 1.8 SL Hatchback $262 $594 $418 $24 $124 $1,422 $119
Versa 1.8 SL SEDAN $262 $594 $418 $24 $124 $1,422 $119
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rates do not factor in Tampa location which can influence premium rates considerably.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $30 more each month or $360 for a full year across all Nissan Versa models than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 13 months between claims, you would more than likely save some money if you choose a higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $140
Average monthly premium for $500 deductibles (subtract): – $110
Monthly savings from raising deductible: $30
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important issue to know is that raising deductibles to save money means you will have to pay more of your own money when you have to file a claim. You will want to have some available funds in order to pay the deductible.

The information below illustrates how choosing a deductible and can change Nissan Versa annual premium costs for different age groups of insureds. The data is based on a married male driver, full physical damage coverage, and no other discounts are factored in.

Nissan Versa annual premiums for males versus females

The example below shows the comparison of Nissan Versa insurance costs for male and female drivers. The data assumes no tickets, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Does it make sense to buy full coverage?

The example below compares Nissan Versa car insurance rates with and without physical damage coverage. The data assumes no claims or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.

When to drop comprehensive and collision

There is no set rule of when to exclude comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your Nissan Versa book value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after paying your policy deductible. If you are paying in excess of $200 annually to have full coverage, then you might want to think about dropping full coverage.

There are some conditions where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Insurance is not optional in Florida

Even though it’s not necessarily cheap to insure a Nissan in Tampa, paying for insurance may not be optional for several reasons.

The benefits of insuring your car definitely exceed the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $865 each year so smart consumers compare quotes at every policy renewal to make sure the price is not too high.

Insurance Premium Influencing Factors

Consumers need to have an understanding of a few of the rating criteria that help calculate your policy premiums. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that could help you find cheaper rates.

Shown below are a few of the “ingredients” utilized by car insurance companies to help set your rate level.

Getting married can save on auto insurance – Having a spouse can get you a discount on your auto insurance bill. Marriage generally demonstrates drivers are more responsible and insurance companies like that married couples file fewer claims.

Pay more out-of-pocket – Physical damage coverage, also called comprehensive and collision insurance, covers damage that occurs to your Nissan. Some instances where coverage would apply could be running into the backend of another car, flood damage, or theft. Deductibles for physical damage are how much you are required to spend out-of-pocket before a claim is paid by your company. The more of the claim the insured is willing to pay, the lower your rates will be.

Performance affects premiums – The performance of the car, truck or SUV you own makes a substantial difference in your rates. The lowest premiums are usually for economy passenger cars, but the final cost of insurance is determined by many other factors.

The next chart uses these variables: single male driver age 40, full coverage with $100 deductibles, and no discounts or violations. It illustrates Nissan Versa insurance rates compared to other vehicles that have a range of performances.

Do you have a high stress occupation? – Did you know your career choice can influence rates? Careers such as lawyers, air traffic controllers, and financial analysts have higher average rates in part from job stress and lots of time spent at work. On the other hand, careers like professors, students and performers generally pay rates lower than average.

The more you drive the more you pay – The more you drive your Nissan annually the more you’ll pay to insure it. Most companies calculate rates based on how the vehicle is used. Cars left parked in the garage get more affordable rates compared to those used for work or business. An improperly rated Versa is throwing money out the window. Make sure your auto insurance declarations sheet is showing the correct driver usage.

Cars with good safety ratings cost less to insure – Vehicles with high crash test scores are cheaper to insure. Vehicles built for safety result in less severe injuries and reduced instances of injuries means less money paid by your insurance company which can result in lower premiums.

Claims statistics for a Nissan Versa – Car insurance companies use historical loss data to calculate a price that will offset losses. Vehicles that the data shows to have higher claim amounts or frequency will have a higher cost to insure.

The table below shows the insurance loss data for Nissan Versa vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make or model, is considered to be 100. Values that are 100 or less suggest a positive loss record, while values that are above 100 indicate more frequent claims or an increased probability of a larger loss.

Nissan Versa Insurance Loss Statistics
Specific Nissan 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

Statistics from for 2013-2015 Model Years

Tampa car insurance companies ranked

Selecting a good quality auto insurance company can be difficult considering how many different companies there are to choose from in Florida. The rank data below may help you select which providers you want to consider purchasing from.

Top 10 Tampa Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

You can lower your insurance rates

When you buy Tampa auto insurance online, never buy poor coverage just to save money. There have been many situations where an insured dropped collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage at a price you can afford and still be able to protect your assets.

We just covered quite a bit of information on how to get a better price on Nissan Versa insurance in Tampa. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding inexpensive Tampa auto insurance quotes. You may even find the lowest prices are with a company that doesn’t do a lot of advertising. Smaller companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

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