Buying the best cheap car insurance for a Nissan Versa in Massachusetts is dependent upon a lot of factors such as your age, where your vehicle is garaged, and citations or violations on your driving record. Drivers pay approximately $901 per year for Versa insurance, but that figure is a valuation calculated using a 50-year-old single female driver with full physical damage coverage and $500 deductibles.
When making auto insurance estimates, the issue arises that you may not be 50 years old (or even female), married instead of single, and you don’t want the same coverages and limits as the example. Having the smallest difference in the criteria used to calculate rates could end up with a large change in the coverage rate.
This example demonstrates why the best method for finding cheap auto insurance rates for your Nissan is to do the rate comparisons yourself. It only takes a couple of minutes and you can get prices from the best auto insurance companies that offer coverage in Massachusetts.
The specific trim level will most likely have an effect on the annual cost of coverage, so the price you pay to insure a Versa 1.6 SEDAN model will be $230 less than the cost to insure the fancier Versa 1.8 SL SEDAN version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Versa 1.6 SEDAN||$134||$282||$378||$22||$114||$930||$78|
|Versa 1.8 S Hatchback||$158||$406||$378||$22||$114||$1,078||$90|
|Versa 1.8 S SEDAN||$158||$406||$378||$22||$114||$1,078||$90|
|Versa 1.8 SL Hatchback||$180||$466||$378||$22||$114||$1,160||$97|
|Versa 1.8 SL SEDAN||$180||$466||$378||$22||$114||$1,160||$97|
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price estimates do not factor in specific Boston garaging location which can impact insurance rates considerably.
Shopping around for low-priced insurance is easier said than done, and deciding which company quotes the lowest-priced car insurance rates for a Nissan Versa may require additional perseverance. Every insurance provider has a proprietary formula for determining rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Boston, MA.
It’s important to know that Boston, MA car insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Simply having a birthday, increasing deductibles, or having a fender bender can produce rate changes that can make some companies cheaper than before.
Cheapest Insurance Rates for Your Versa
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$807|
|8||Norfolk and Dedham||$1,068|
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State Farm generally has some of the cheapest car insurance rates in Boston at around $733 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the more affordable Boston, MA insurance companies.
In this example, if you buy coverage from OneBeacon and switched to National Grange Mutual, you may realize annual savings of about $105. Customers with Progressive may save as much as $182 a year, and Arbella customers might see rate reductions of $233 a year.
Remember that these premiums are averaged for all types of insureds and vehicles and and are not figured with a vehicle location for a Nissan Versa. So the insurer that is best for you may not even be in the list above. That point stresses why you need to compare rates from multiple companies using your own driver data and vehicle information.
Full coverage rates compared to liability-only
Saving money on car insurance should be important to the majority of drivers, and one way to pay less for insurance for a Nissan Versa is to only pay for liability coverage. The example below shows the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Massachusetts. The rates are based on no violations or accidents, $100 deductibles, single marital status, and no other discounts are factored in.
As an average for all age groups, comprehensive and collision coverage on your policy costs $2,617 per year more than just insuring for liability. That touches on the question if buying full coverage is worth the money. There is no exact formula that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
There are a few situations where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.
The chart below demonstrates how deductibles can raise or lower insurance costs when searching for cheap insurance for a Nissan Versa. The rate quotes are based on a married female driver, full coverage, and no discounts are taken into consideration.
The data above shows that a 40-year-old driver could save $218 a year by increasing from a $100 deductible up to a $500 deductible, or save $328 by using a $1,000 deductible. Youthful drivers, like the 20-year-old example, could possibly save up to $542 or more by using higher deductibles when buying full coverage.
When choosing a higher deductible, it will now be necessary to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Impact of careless driving on car insurance rates
In a perfect world, the ideal way to score the cheapest car insurance rates in Boston for a Versa is to be a careful driver and avoid tickets and accidents. The information below shows how traffic citations and at-fault collisions increase yearly insurance costs for different categories of driver ages. The price estimates are based on a single female driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of auto insurance in Boston per year with a clean driving record and no accidents is $2,470. Receive two speeding tickets and the average cost surges to $3,338, an increase of $868 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for a Nissan Versa increases to an average of $4,239. That’s an increase of $1,770, or $147 per month, just for not driving responsibly!