Best Quotes for Nissan Versa Insurance in Oklahoma City

Sadly, about 70% of customers have bought insurance from the same company for at least four years, and nearly the majority have never shopped around. Consumers in Oklahoma City could cut their rates by approximately $600 a year just by comparing rates, but they just don’t understand how easy it is to find cheaper insurance by shopping around.

Insurance for Nissan VersaIf you want to save money, the best way to find low-cost prices for car insurance rates is to start doing an annual price comparison from providers who sell insurance in Oklahoma City. This can be done by completing these steps.

A good tip to remember is to try to use identical deductibles and limits on each price quote and and to get price estimates from as many carriers as you can. Doing this provides a fair rate comparison and a complete selection of prices.

If you have a current car insurance policy or need new coverage, use these techniques to lower your rates without having to cut coverage. Quoting and comparing more affordable car insurance coverage in Oklahoma City is not that difficult. Shoppers only need an understanding of the proper way to compare rate quotes from many different companies.

Most companies provide insurance quotes on their websites. Getting online quotes for Nissan Versa insurance in Oklahoma City is quite easy as you just enter your personal and coverage information into the quote form. Once you submit the form, the quote system automatically retrieves information on your driving record and credit history and generates pricing information based on these factors.

Getting online quotes for Nissan Versa insurance in Oklahoma City makes it a lot easier to compare rates and it’s absolutely necessary to get many rate quotes if you want to find cheaper car insurance pricing.

In order to compare pricing, check out the car insurance providers below. If you have coverage now, it’s recommended you copy coverages and limits exactly as shown on your declarations page. This ensures you will get rate comparison quotes based on identical coverages.

The companies in the list below offer price comparisons in Oklahoma City, OK. If more than one company is shown, we recommend you visit two to three different companies to get the most competitive price.

Here’s why car insurance is not optional

Despite the high cost, buying car insurance may be mandatory for several reasons.

The benefits of having car insurance more than offset the price you pay, particularly for liability claims. Despite what companies tell you, the average driver overpays as much as $700 annually so you should quote and compare rates each time the policy renews to help ensure money is not being wasted.

Rates and statistics

The rate table shown next covers a range of coverage prices for Nissan Versa models. Having a good understanding how prices are determined can be of help when making smart buying decisions.

Nissan Versa Insurance Rates in Oklahoma City, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $246 $590 $506 $30 $152 $1,524 $127
Versa 1.8 S Hatchback $290 $846 $506 $30 $152 $1,824 $152
Versa 1.8 S SEDAN $290 $846 $506 $30 $152 $1,824 $152
Versa 1.8 SL Hatchback $332 $974 $506 $30 $152 $1,994 $166
Versa 1.8 SL SEDAN $332 $974 $506 $30 $152 $1,994 $166
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in vehicle garaging location which can modify price quotes greatly.

Should you raise deductibles?

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The following tables can help illustrate the rate differences between high and low coverage deductibles. The first set of prices uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Nissan Versa insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $286 $572 $448 $26 $134 $1,491 $124
Versa 1.8 S Hatchback $336 $822 $448 $26 $134 $1,791 $149
Versa 1.8 S SEDAN $336 $822 $448 $26 $134 $1,791 $149
Versa 1.8 SL Hatchback $386 $946 $448 $26 $134 $1,965 $164
Versa 1.8 SL SEDAN $386 $946 $448 $26 $134 $1,965 $164
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Nissan Versa insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $210 $388 $448 $26 $134 $1,206 $101
Versa 1.8 S Hatchback $246 $554 $448 $26 $134 $1,408 $117
Versa 1.8 S SEDAN $246 $554 $448 $26 $134 $1,408 $117
Versa 1.8 SL Hatchback $282 $638 $448 $26 $134 $1,528 $127
Versa 1.8 SL SEDAN $282 $638 $448 $26 $134 $1,528 $127
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in your specific Oklahoma City location which can decrease or increase coverage rates greatly.

Using the data above, we can ascertain that using a $100 deductible costs roughly $32 more each month or $384 every year than quoting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at least 13 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $150
Average monthly premium for $500 deductibles (subtract): – $118
Monthly savings from raising deductible: $32
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Liability only or full coverage

The illustration below visualizes the comparison of Nissan Versa insurance rates with and without physical damage coverage. The rate quotes are based on no accidents or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.

When to stop buying physical damage coverage

There isn’t a steadfast formula to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Nissan Versa settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some scenarios where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Discounts for cheaper car insurance rates

Auto insurance companies don’t always publicize every discount available in an easy-to-find place, so the below list has a few of the more well known as well as some of the hidden savings tricks you should be using when you buy Oklahoma City auto insurance online.Cheaper car insurance with discounts

Just know that some credits don’t apply to the whole policy. Most cut specific coverage prices like comprehensive or collision. Despite the appearance that you can get free auto insurance, you’re out of luck.

The diagram below shows the comparison of Nissan Versa insurance costs with and without discounts applied to the policy premium. The price estimates are based on a female driver, no accidents or driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, multi-policy, claim-free, and homeowner discounts applied.

A list of car insurance companies and their offered discounts can be found below.

If you are trying to find inexpensive Oklahoma City auto insurance quotes, ask all companies you are considering the best way to save money. A few discounts might not be offered on policies everywhere. If you would like to see a list of car insurance companies with the best discounts in Oklahoma, follow this link.

Do I just need basic coverages?

When it comes to proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Every insured’s situation is different so your insurance should reflect thatSafe vehicles cost less to insure
For instance, these questions might help in determining whether your personal situation might need an agent’s assistance.

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

Oklahoma City car insurance company ratings

Selecting the best auto insurance provider can be challenging considering how many different companies insure vehicles in Oklahoma City. The company information below may help you choose which auto insurance companies to look at comparing rate quotes with.

Top Car Insurance Companies in Oklahoma
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies