Cheapest Insurance for a Nissan Versa in Maryland

When writing about car insurance, the words “affordable” or “cheap” really should not be used as a descriptor for car insurance rates. It’s a simple fact that cheap car insurance for a Nissan Versa can be difficult to find. Don’t get your dauber down, because we will tell you how you can get coverage that you can fit into your budget.

Finding the best cheap auto insurance for a Nissan Versa in Maryland depends on a large number of rating criteria such as the safety rating of your vehicle, if you have maintained coverage continuously, and any prior driving offenses. Drivers in Maryland pay on average $1,530 annually for Versa insurance, but that policy rate is a ballpark figure using cost data for a 40-year-old single male driver that has both comprehensive and collision coverage and $100 policy deductibles.

More than likely, you’re not a 40-year-old male, possibly married instead of single, and there is a good chance that there are other drivers on your policy. What seems to be a minor change in rating variables or coverage information can precipitate large changes in rate quotes.

Insurance is an individual thing, so the way we recommend to find cheap auto insurance rates for your Nissan is to make a habit of comparing rates at every renewal. Quotes are always free and you will get price quotes from some of the best insurers that offer coverage in Maryland.

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The trim level of your Nissan tends to have a direct impact on the coverage cost, so the cost to insure a Versa 1.6 SEDAN model will cost $476 less than the cost to insure the fancier Versa 1.8 SL SEDAN model, as shown by the rates below.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Information does not factor in vehicle location which can lower or raise coverage prices greatly.

Deciphering which companies have the cheapest insurance rates for a Nissan Versa requires a bit more effort in order to find the lowest price quote. Each company uses a little different formula to set their prices, so we need to take a look at the most affordable insurance companies in Maryland.

It’s important to understand that Maryland insurance rates are calculated based on many things that can increase the policy price. Improving your credit score, moving to a new city, or getting a reckless driving citation can trigger changes in premium that may make certain companies much cheaper than others.

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USAA may offer some of the best car insurance rates in Maryland at around $948 each year. Penn National, Erie, Liberty Mutual, and State Auto also qualify as some of the most economical Maryland auto insurance companies.

As shown in the rates above, if you buy coverage from Liberty Mutual and switched to Penn National, you may realize a yearly savings of about $21. Customers with State Auto might save as much as $110 a year, and Amica insureds might lower prices by up to $191 a year.

To find the cheapest insurance for a Nissan Versa in Maryland for your vehicle, click here to begin a quote or visit several of the following companies.

It’s important to note that these premiums are averages for all drivers and vehicles in Maryland and and are not calculated with a specific rating modification for a Nissan Versa. So the company that has the lowest price for you may not even be included in the rate chart shown above. That emphasizes why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

How to get discounts on Maryland insurance rates

Insurance companies that offer the cheapest insurance for a Nissan Versa in Maryland may additionally offer premium discounts that could reduce prices by 30% or more if you qualify for them. Companies and some of the discounts are outlined below.

• Farm Bureau has discounts for multi-policy, good student, renewal discount, safe driver, youthful driver, and multi-vehicle.
• Liberty Mutual includes discounts for newly retired, safety features, teen driver discount, new vehicle discount, and preferred payment discount.
• State Farm offers premium reductions for defensive driving training, anti-theft, good student, safe vehicle, multiple autos, and driver’s education.
• Auto-Owners Insurance has savings for company car, paperless, safe driver, teen driver, good student, paid in full, and multi-policy.
• GEICO offers discounts including multi-vehicle, driver training, multi-policy, air bags, five-year accident-free, and daytime running lights.
• SAFECO may include discounts for drive less, anti-lock brakes, bundle discounts, safe driver, multi-car, anti-theft, and homeowner.

The chart below shows the difference between annual premium costs with and without some available policy discounts. The data assumes a male driver, no claims or driving citations, Maryland state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, defensive driving course, anti-theft, marriage, multiple policy, and multiple vehicle discounts applied. With discounts applied, the average savings per year on insurance for a Nissan Versa is 28% or $659.

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Drive safe and save

In a perfect world, the best way to receive the cheapest insurance for a Nissan Versa in Maryland is to drive safely and not receive tickets or have accidents. The illustration below highlights how traffic violations and fender-benders increase auto insurance rates for different insured age categories. The data is based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 4431,4831,5995],[‘Age 30’, 3055,3455,4619],[‘Age 40’, 2827,3225,4393],[‘Age 50’, 2471,2871,4033],[‘Age 60’, 2393,2791,3955],[‘Age 70’, 2795,3193,4359]]);var options = {title: ‘Impact of Violations and Accidents on Maryland Nissan Versa Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Nissan Versa in Maryland’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the prior example, the average cost of car insurance in Maryland per year with no violations or accidents is $2,995. Get written up for one speeding ticket and the average cost hikes up to $3,394, an increase of $399 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance for a Nissan Versa jumps again to an average of $4,559. That’s an increase of $1,564, or $130 per month, just for not being a responsible driver!

Who has the cheapest Nissan Versa insurance quotes?

Thanks to technology, drivers have a lot of ways to find lower-cost insurance in Maryland, but the most preferred are through an independent agent, an exlusive agent such as State Farm or Auto-Owners, or buying direct from a company like Progressive or Geico. All three ways are similar, but they differ slightly in how they price policies.

Independent agents work for many companies and can provide price quotes from all of them. Agents of this type can sell policies from many different companies and can provide you with more rate quotes, which may provide you with improved odds of finding cheaper coverage. If a cheaper rate is found, your policy can be easily switched to a new company which prevents you from having to switch agents.

Exclusive agents are restricted to quoting rates for a single insurance company, for example an Auto-Owners or Allstate agent. These agents usually cannot quote prices from more than a single company, so if finding the cheapest coverage is your goal, you will need to shop around.

The third popular method of shopping for insurance is direct, which means you skip the middleman (the agent) and instead buy from a direct company like Geico or Esurance. This option is good for families who do not need advice for risk management and have knowledge of the limitations of insurance.

So which one of the three ways works best to find the cheapest insurance for a Nissan Versa in Maryland? It would be easy to say shopping direct saves the most money since that prevents the need to pay agent commissions, but in reality, that argument does not hold true. A valid argument could also be made that an independent agent is the best way because they can shop around, but that idea is not necessarily true either. In the right set of circumstances, exclusive agents have price quotes that cannot be beaten by either independent or direct companies.

Because there is so much variation in insurance prices, the best way to buy the cheapest policy is to get quotes and compare the rates. Set aside the time to get price quotes from independent, exclusive, and direct in order to be able to find the lowest price. For a list of insurance companies with low rates, click here to view.

How to get the cheapest insurance for a Nissan Versa in Maryland

It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help you locate the cheapest car insurance.

• Violations like speeding or DUI increase rates
• Buy your auto and home insurance from the same company and save
• Accident-free drivers may qualify for discounts
• Lower rates by purchasing a safer vehicle
• Avoid filing excessive claims
• Shop around for cheaper prices

The last tip is incredibly vital, as was emphasized in this piece. Prices in Maryland go up and down frequently, so drivers shouldn’t be resistant to switch to a new company if you find a better deal. Staying with the same car insurance company is fine, but it’s not a good idea if that faithfulness ends up costing you major coinage every year. Take a few minutes and shop around and find cheaper auto insurance for a Nissan Versa.

State Farm, Allstate, Progressive, and Geico: Who is cheapest?

When it comes to insurance for a Versa, the four most popular companies are State Farm, Allstate, Progressive, and Geico. The table below compares pricing and service ratings, plus some optional coverages that are available for buyers.