Want to learn the secrets to finding more affordable Nissan Versa insurance in Minneapolis? Vehicle owners who are new to the process of comparing quotes online may discover sourcing affordable Nissan Versa insurance rates in Minneapolis is very challenging.
Steps to finding cheaper rates for Nissan Versa insurance in Minneapolis
If you want to find the absolute lowest rates, then the best way to get affordable auto insurance rates in Minneapolis is to begin comparing prices regularly from different companies in Minnesota.
First, read and learn about policy coverages and the measures you can take to prevent expensive coverage. Many rating criteria that cause rate increases like traffic tickets, fender benders, and a less-than-favorable credit history can be improved by making minor changes to your lifestyle. This article gives additional ideas to get cheaper coverage and get bigger discounts that may have been overlooked.
Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from multiple companies.
Third, compare the new rates to your existing rates and see if you can save money. If you find a better price and switch companies, ensure there is no coverage lapse between policies.
Fourth, notify your current company of your intent to cancel your current policy and submit payment along with a signed and completed policy application to the new insurer. Make sure you safely store the certificate verifying coverage in your vehicle’s glove compartment or console.
A valuable tip to remember is to make sure you’re comparing similar deductibles and liability limits on each quote request and and to get rates from as many different insurance providers as possible. Doing this ensures an accurate price comparison and a complete price analysis.
Unbelievable but true according to a study the vast majority of insurance customers have bought insurance from the same company for at least the last four years, and approximately 38% of consumers have never compared rates from other carriers. Minnesota consumers could save 50% every year, but they just don’t understand how much they could save if they moved their coverage to a different company.
Low Cost Nissan insurance prices in Minneapolis
The companies in the list below can provide free quotes in Minneapolis, MN. If your goal is to find cheap auto insurance in Minneapolis, it’s a good idea that you compare several of them to get the best price comparison.
Nissan Versa detailed coverage information
The premium table below showcases detailed analysis of coverage costs for Nissan Versa models. Learning more about how insurance rates are formulated is important for you to make informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$202||$418||$428||$26||$128||$1,202||$100|
|Versa 1.8 S Hatchback||$236||$598||$428||$26||$128||$1,416||$118|
|Versa 1.8 S SEDAN||$236||$598||$428||$26||$128||$1,416||$118|
|Versa 1.8 SL Hatchback||$272||$690||$428||$26||$128||$1,544||$129|
|Versa 1.8 SL SEDAN||$272||$690||$428||$26||$128||$1,544||$129|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in zip code location which can change prices significantly.
Car insurance premiums based on gender
The diagram below compares Nissan Versa auto insurance costs for male and female drivers. The rate quotes are based on no violations or accidents, full physical damage coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Cost comparison with and without full coverage
The diagram below illustrates the difference between Nissan Versa car insurance rates when comparing full coverage to state minimum liability only. The rates are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no set rule that works best for making the decision to drop full coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s assume your Nissan Versa settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are paying in excess of $200 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some circumstances where only buying liability is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.
Insurance policy discounts for Nissan Versa insurance in Minneapolis
Insuring your vehicles can cost a lot, but you might already qualify for some discounts to cut the cost considerably. Certain reductions will be credited when you quote, but some must be requested specifically prior to getting the savings.
- Discounts for Good Drivers – Insureds who avoid accidents can pay as much as 50% less than less cautious drivers.
- Accident Forgiveness – Not necessarily a discount, but companies like Liberty Mutual and GEICO allow you one accident before they charge you more for coverage with the catch being you have to be claim-free prior to being involved in the accident.
- Paperwork-free – A few larger online companies will give a small break just for signing your application on the web.
- Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and will qualify for a discount on a Minneapolis auto insurance quote.
- Auto/Home Discount – If you combine your homeowners and auto policies with one insurance company you could get a discount of up to 20% off your total Versa insurance premium.
Discounts lower rates, but most discount credits are not given to the entire policy premium. Most cut individual premiums such as liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But any discount should help lower the premium cost.
The information below compares Nissan Versa car insurance rates with and without discounts applied to the premium. The information is based on a female driver, no claims or violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, marriage, multi-policy, and claim-free discounts applied.
Popular insurance companies and a selection of discounts are outlined below.
- Farmers Insurance has savings for bundle discounts, teen driver, youthful driver, distant student, and multi-car.
- Esurance offers discounts for claim free, Pac-12 alumni, online quote, Switch & Save, paid-in-full, and homeowner.
- State Farm offers discounts including good student, anti-theft, multiple autos, Drive Safe & Save, and multiple policy.
- GEICO includes discounts for anti-theft, multi-policy, good student, military active duty, and air bags.
- Allstate discounts include premier discount, EZ pay plan discount, utility vehicle, teenSMART discount, new car, and anti-lock brakes.
When getting free Minneapolis auto insurance quotes, it’s a good idea to all companies you are considering which discounts you may be entitled to. Some credits might not be offered in every state. For a list of insurance companies who offer online Nissan Versa insurance quotes in Minnesota, click this link.
How do I know if I need professional advice?
When it comes to choosing a policy, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might point out whether you would benefit from an agent’s advice.
- Does insurance cover damages from a DUI accident?
- How can I get high-risk coverage after a DUI?
- Is there coverage for my trailer?
- What happens if I owe more than my Nissan Versa is worth?
- What is an SR-22 filing?
- Is a driver training discount available?
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
What if I want to buy from local Minneapolis auto insurance agents?
A small number of people still prefer to buy from a licensed agent and that is a personal choice. The best thing about getting free rate quotes online is the fact that drivers can get cheap rate quotes but also keep your business local. Putting coverage with local insurance agencies is still important in Minneapolis.
After filling out this short form, your insurance coverage information is sent to local insurance agents who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to contact any insurance agencies as quotes are delivered to you. You can get cheaper auto insurance rates without a big time investment. If you wish to compare prices from a specific auto insurance provider, don’t hesitate to find their quoting web page and submit a quote form there.
Exclusive and independent Minneapolis auto insurance agents
When narrowing the list to find a reputable agency, it can be helpful to understand the different types of agents and how they differ in how they can insure your vehicles. Agencies in Minneapolis are classified as either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
Agents that elect to be independent do not sell for just one brand and that enables them to quote your coverage through many different auto insurance companies and possibly get better coverage at lower prices. If premiums increase, they simply move the coverage in-house and you don’t have to find a new agent. When comparing auto insurance rates, you need to include price quotes from at least one independent agent to get the best comparison. They also have the ability to place coverage with smaller companies that may have much lower rates than larger companies.
Below is a list of independent insurance agencies in Minneapolis that can give you pricing information.
- Bernie Glover Insurance Agency
2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531 – View Map
- Insurance Advantage Agency LLC
7600 Parklawn Ave #350 – Minneapolis, MN 55435 – (952) 746-5770 – View Map
- Minneapolis St. Paul Agency Insurance and Risk Management
2469 University Ave W – St Paul, MN 55114 – (651) 647-9665 – View Map
Exclusive agents normally can only provide a single company’s rates like American Family, State Farm, and AAA. They usually cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are highly trained on what they offer which helps them compete with independent agents. Drivers often purchase coverage from exclusives mainly due to the prominence of the brand and solid financial strength.
The following are Minneapolis exclusive insurance agents that are able to give price quotes.
- Allstate Insurance: Charles Fritz
2213 Johnson St NE – Minneapolis, MN 55418 – (612) 788-6279 – View Map
- Julie Nadeau – State Farm Insurance Agent
7801 E Bush Lake Rd #200 – Minneapolis, MN 55439 – (952) 937-2020 – View Map
- Allstate Insurance: Mohamud Isse
331 E Lake St – Minneapolis, MN 55408 – (612) 353-6667 – View Map
Deciding on an auto insurance agent should depend on more than just the premium amount. Here are some questions to ask:
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Will high miles depreciate repair valuations?
- If they are an independent agency in Minneapolis, which companies do they recommend?
- If you raise deductibles, how much can you save?
- Are they full-time agents?
- Does the agency have a good rating with the Better Business Bureau?
- Is the agency covered by Errors and Omissions coverage?
Coverages available on your policy
Having a good grasp of your car insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average car insurance policy.
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as theft, falling objects, hail damage and vandalism. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Nissan Versa.
Since many Minnesota drivers carry very low liability coverage limits (30/60/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are similar to your liability insurance amounts.
This coverage will pay to fix damage to your Versa resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like colliding with a tree, damaging your car on a curb, crashing into a building and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your Versa to get cheaper collision coverage.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as doctor visits, nursing services, EMT expenses and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Coverage for liability
Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 30/60/10 that translate to $30,000 in coverage for each person’s injuries, a per accident bodily injury limit of $60,000, and $10,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as pain and suffering, structural damage, legal defense fees, repair costs for stationary objects and bail bonds. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible. Minnesota state law requires minimum liability limits of 30/60/10 but it’s recommended drivers buy more coverage.
The next chart demonstrates why buying the state minimum limits may not be high enough to cover claims.
Persistence will pay off
We just presented a lot of techniques to compare Nissan Versa insurance car insurance rates in Minneapolis. It’s most important to understand that the more companies you get premium rates for, the better your comparison will be. Consumers may even find the lowest priced insurance comes from a lesser-known regional company. Regional companies may have significantly lower premium rates on certain market segments than their larger competitors like Allstate or State Farm.
Lower-priced insurance in Minneapolis can be sourced on the web as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not provide the ability to get a quote online and these small, regional companies only sell coverage through independent insurance agents.
How to quote cheaper Nissan Versa insurance in Minneapolis
Really, the only way to get low-cost Nissan Versa insurance in Minneapolis is to compare prices once a year from insurance carriers who sell auto insurance in Minnesota.
- First, read about individual coverages and the things you can change to prevent expensive coverage. Many things that increase rates like multiple speeding tickets and an unacceptable credit rating can be eliminated by being financially responsible and driving safely.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while independent agencies can give you price quotes for many different companies. View a list of agents
- Third, compare the new quotes to your current policy and see if there is a cheaper rate in Minneapolis. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.
- Fourth, give notification to your current company to cancel your existing policy. Submit payment and a completed application to your new agent or company. As soon as you receive it, put the new proof of insurance paperwork in your glove compartment.
The most important part of this process is to make sure you enter identical limits and deductibles on each price quote and to quote with every insurance company. This provides the most accurate price comparison and a complete price analysis.
To learn more, link through to these articles:
- Insuring a Leased Car (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance Rates for Used Cars? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance Rates for Good Drivers? (FAQ)
- What Auto Insurance is Cheapest for a Nissan Rogue in Minneapolis? (FAQ)
- Who Has Cheap Car Insurance Rates for a School Permit in Minneapolis? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for a Honda Civic? (FAQ)
- How Much are Minneapolis Auto Insurance Rates for a Ford Fusion? (FAQ)
- Understanding your Policy (NAIC.org)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)