How Much Does Insurance Cost for a Nissan Versa in Oregon?

When discussing car insurance, the word “cheap” should not appear anywhere in the article as a descriptor for car insurance rates. Nonetheless, cheap auto insurance for a Nissan Versa is not always easy to find. But don’t let that discourage you, because we will tell you how you can get coverage that you are able to afford.

Finding the best cheap auto insurance for a Nissan Versa in Oregon depends on a lot of factors like how safe your vehicle is, the likelihood of your vehicle being stolen, and driving violations and tickets. Drivers pay approximately $840 annually to insure a Versa, but that policy rate is an estimation using rate data for a 40-year-old single male driver who purchased full physical damage coverage and $1,000 deductibles.

Chances are that you are not 40 years old and maybe not even male, maybe you are married instead of single, or you just want cheap liability insurance instead of full coverage. Every policy is rated specifically for the driver, so the only real way to find the cheapest insurance price for your Nissan is to comparison shop your policy at each renewal.

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Your vehicle’s trim level tends to impact the insurance rate, so the rate you pay to insure a Versa 1.6 SEDAN model will be $198 less expensive the cost to insure the more expensive Versa 1.8 SL SEDAN trim level, as shown in the prices below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in specific garaging location which can affect premium rates greatly.

Ending up with the top auto insurance provider can be challenging considering how many companies sell coverage in Oregon. The ranking data displayed below can help you pick which auto insurance companies you want to consider shopping prices with.

The rankings below are only comprised of the largest companies in the United States, so smaller companies that only insure vehicles in Oregon are not included in this list. To get rate quotes and find cheaper insurance for a Nissan Versa, click this link.

Does it make sense to buy full coverage?

Finding cheap insurance for a Nissan Versa in Oregon is important to the majority of people, and one common way to find cheaper insurance is to buy liability only. The chart below shows the difference between insurance rates with full phyical damage coverage and with liability coverage only. Data assumes no claims, a clean driving record, $250 deductibles, single marital status, and no other discounts are factored in.

As an average, full coverage on your policy costs $2,090 per year over and above liability coverage. Many drivers will wonder when is the right time to remove full coverage. There is no clear-cut rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after the policy deductible has been paid. If it’s costing you more than $500 annually for full coverage, then you may need to consider dropping full coverage.

Types of discounts on Oregon auto insurance rates

Car insurance companies that offer cheap insurance for a Nissan Versa in Oregon may also offer special discounts that may potentially lower prices by 30% or more if you qualify. A few popular companies and a summarized list of policyholder discounts can be found below.

• State Farm has savings for good driver, accident-free, multiple autos, defensive driving training, safe vehicle, passive restraint, and student away at school.
• Nationwide may have discounts that include anti-theft, easy pay, multi-policy, family plan, business or organization, and good student.
• GEICO offers discounts for membership and employees, defensive driver, air bags, daytime running lights, anti-theft, and military active duty.
• AAA policyholders can earn discounts including good student, multi-policy, anti-theft, good driver, and pay-in-full.
• 21st Century offers premium reductions for air bags, driver training, 55 and older, theft prevention, and homeowners.
• The Hartford includes discounts for air bag, driver training, vehicle fuel type, bundle, anti-theft, good student, and defensive driver.

The diagram below compares premium costs with and without discounts applied to the rates. The costs are based on a male driver, a clean driving record, no at-fault accidents, Oregon state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with safe-driver, homeowner, multiple vehicle, multiple policy, claim-free, and defensive driving course discounts applied. When drivers take advantage of discounts, the the average amount saved on car insurance for a Nissan Versa is 28% or $639.

Who is cheaper: Progressive, State Farm, Geico, or Allstate?

When shopping for insurance for a Versa in Oregon, four good companies to start with are Progressive, State Farm, Geico, and Allstate. Combined they make up nearly half of all car insurance policies in America. The next table illustrates some of the different features that are available for customers.