Save on Nissan Versa Insurance in Tulsa

Inconceivable but true, the vast majority of car insurance customers have purchased from the same company for four years or more, and almost half have never quoted car insurance rates at all. With the average premium in Oklahoma being $1,777, drivers could save $600 every year just by getting comparison quotes, but most undervalue the big savings they would realize if they switched to a more affordable policy.

The easiest way to get discount Nissan Versa insurance is to do an annual price comparison from providers in Tulsa. Drivers can shop around by completing these steps.

• Step 1: Take a little time to learn about how car insurance works and the steps you can take to drop your rates. Many things that are responsible for high rates like careless driving and an unacceptable credit history can be controlled by making small lifestyle or driving habit changes. This article provides instructions to keep prices down and find more discounts that you may not know about.
• Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies.
• Step 3: Compare the new rate quotes to your existing coverage to see if you can save by switching companies. If you can save some money and switch companies, make sure there is no coverage gap between policies.
• Step 4: Give proper notification to your current agent or company of your intention to cancel your current car insurance policy. Submit the application along with any required down payment to your new carrier. Once the paperwork is finalized, keep your new certificate of insurance along with your vehicle registration.

One bit of advice is to use identical coverages on every quote and and to get prices from as many carriers as you can. Doing this enables an apples-to-apples comparison and and a good selection of different prices.

When comparison shopping, comparing more prices will enable you to find a lower rate. Not every company allows you to get online Tulsa Versa insurance quotes, so it’s important to also get quotes from them, too.

The companies shown below have been selected to offer quotes in Oklahoma. To locate cheap car insurance in Tulsa, we recommend you compare several of them to find the most affordable car insurance rates.

Verify you’re receiving every discount

Companies don’t always advertise every policy discount in a way that’s easy to find, so below is a list a few of the more well known and also the lesser-known credits available to bring down your rates.

• Telematics Data – Tulsa drivers who agree to allow companies to scrutinize driving habits by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they are good drivers.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it can save substantially.
• Active Service Discounts – Having a deployed family member could mean lower rates.
• Defensive Driver – Taking part in a safe driver course could earn you a small percentage discount if your company offers it.
• Smart Student Discounts – Performing well in school may save as much as 25% on a Tulsa car insurance quote. This discount can apply until age 25.
• No Claims – Claim-free drivers have much lower rates in comparison with drivers who are more careless.

As a disclaimer on discounts, most credits do not apply to the whole policy. Most only apply to individual premiums such as comp or med pay. Just because you may think all those discounts means the company will pay you, that’s just not realistic.

The chart below shows the comparison of Nissan Versa auto insurance rates with and without discounts applied to the premium. The data assumes a female driver, no violations or accidents, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, claim-free, marriage, and homeowner discounts applied.

Popular car insurance companies and a partial list of their discounts are included below.

• State Farm discounts include student away at school, multiple autos, defensive driving training, Steer Clear safe driver discount, and good student.
• GEICO may offer discounts for multi-vehicle, anti-lock brakes, air bags, five-year accident-free, and multi-policy.
• Liberty Mutual has discounts for multi-policy, new graduate, safety features, preferred payment discount, multi-car, and new vehicle discount.
• The Hartford offers discounts including vehicle fuel type, bundle, anti-theft, driver training, good student, defensive driver, and air bag.
• MetLife offers discounts for accident-free, multi-policy, claim-free, good driver, and defensive driver.
• Progressive has savings for good student, multi-vehicle, online signing, online quote discount, and multi-policy.

It’s a good idea to ask every company to give you their best rates. Savings may not apply to policyholders in every state. To choose companies that offer discounts in Oklahoma, click here to view.

Coverage analysis

The price information shown next covers estimates of insurance premium costs for Nissan Versa models. Having a good grasp of how insurance prices are formulated can help you make smart choices when purchasing an auto insurance policy.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rates do not factor in specific garaging location which can influence prices noticeably.

Higher deductibles save money

One common question asked by Tulsa drivers is how high should the deductibles for physical damage be. The rates shown below may help you to understand the rate difference when you buy lower versus higher policy deductibles. The first rate estimation uses a $100 comprehensive and collision deductible and the second price grid uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price information does not factor in Tulsa location which can modify auto insurance rates considerably.

Based on the above data, using a $100 deductible will cost you roughly $47 more each month or $564 a year averaged for all Versa models than requesting the higher $1,000 deductible. Because you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 19 months between claims, you would save more money if you opt for a higher deductible. The table below illustrates the way this calculation is made.

The information below demonstrates how deductibles and can change Nissan Versa insurance prices for different age categories. The rates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

Impact of age and gender on auto insurance rates

The information below compares Nissan Versa insurance premiums for male and female drivers. The prices are based on a clean driving record, no claims, comp and collision included, $500 deductibles, single status, and no policy discounts are applied.

Liability only or full coverage

The diagram below illustrates the difference between Nissan Versa insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. The information is based on no accidents, no driving violations, $250 deductibles, single status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no exact formula for eliminating physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Nissan Versa replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after the deductible is paid. If you are currently paying more than $400 annually to have 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 have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

How to find a good Oklahoma car insurance company

Buying coverage from a high-quality insurance company can be a challenge considering how many different companies insure vehicles in Tulsa. The company ratings shown below could help you decide which companies you want to consider comparing prices from.

Top 10 Tulsa 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

How Car Insurance Companies Calculate Nissan Versa Insurance Premiums

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that go into determining your premiums. If you have some idea of what impacts premium levels, this helps enable you to make changes that could help you find better auto insurance rates. Many factors are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving record, although some other factors are less obvious like your vehicle usage or your vehicle rating.

Listed below are some of the most rate-impacting factors utilized by car insurance companies to help set rates.

Vehicle options can affect rates – Choosing to buy a car that has an advanced theft prevention system can save you some money. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent your car from being stolen.

Amount of liability protection – The liability coverage on your policy is the protection if you are found to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides for a legal defense starting from day one. It is affordable coverage compared to insuring for physical damage coverage, so buy as much as you can afford.

Your credit history is important – Having a bad credit rating can be an important factor in calculating your premium rate. People that have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores. Therefore, if your credit history can use some improvement, you could save money insuring your Nissan Versa if you clean up your credit.

Reduce auto insurance rates by driving safer cars – Vehicles with good safety scores get lower rates. Highly rated vehicles help reduce the chance of injuries in an accident and any reduction in injury severity means your insurance company pays less which can mean better rates for you. If the Nissan Versa is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

Extra policy coverages you don’t need – There are many additional extra coverages that can waste your money when buying auto insurance. Coverages like rental car reimbursement, high-cost glass coverage, and membership fees may be wasting your money. They may sound like good ideas when discussing your needs, but if you have no use for them remove them and pocket the money.

Annual miles is a factor – The more you drive your Nissan each year the more you will pay for auto insurance. Many insurance companies charge to insure your cars based on how the vehicle is used. Cars and trucks that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. A policy that improperly rates your Versa is just wasting money. Double check that your vehicle rating correctly shows the correct driver usage, because improper ratings can cost you money.

Insurance rates for married couples – Having a significant other can actually save you money when shopping for auto insurance. Marriage demonstrates that you tend to be less irresponsible and it’s proven that married drivers tend to file fewer claims.

Your occupation can affect prices – Jobs like lawyers, business owners, and medical professionals have higher premium rates attributed to high stress levels and lots of time spent at work. Other jobs like farmers, athletes and retirees pay the least.

Insurance loss statistics a Nissan Versa – Companies use historical loss data to determine a price that will be profitable for them. Vehicles that statistically have higher prevalence or dollar amount of losses will cost more to insure.

The table below outlines the insurance loss data for Nissan Versa vehicles. For each policy coverage type, the loss probability for all vehicles compiled together is considered to be 100. Percentage numbers below 100 represent a good loss history, while numbers above 100 show a trend for more claims or statistically larger losses.