Find Cheaper Nissan Versa Insurance in Newark

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Insurance for Nissan VersaIf you want to save the most money, the best way to get low-cost Nissan Versa insurance in Newark is to begin comparing prices regularly from providers who can sell car insurance in New Jersey.

  • First, try to learn about the different coverages in a policy and the things you can change to prevent high rates. Many risk factors that result in higher prices such as accidents, traffic tickets, and an unacceptable credit rating can be controlled by making small lifestyle or driving habit changes.
  • Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO or Allstate, while agents who are independent can provide rate quotes for many different companies. Find a Newark insurance agent
  • Third, compare the quotes to the price on your current policy and see if there is a cheaper rate in Newark. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.
  • Fourth, provide proper notification to your current company to cancel your current auto insurance policy. Submit payment and a signed application to the new insurer. Immediately upon receiving it, store the proof of insurance certificate with the vehicle registration.

One key aspect of rate comparisons is to make sure you enter similar deductibles and liability limits on each quote request and and to compare all possible companies. Doing this guarantees a fair price comparison and maximum price selection.

It's a known fact that auto insurance companies don't want customers comparing rates. Insureds who shop around for the cheapest price will, in all likelihood, switch companies because they have good chances of finding a lower rate. A recent insurance study discovered that consumers who compared rate quotes regularly saved approximately $865 annually compared to other drivers who didn't regularly shop around.

If finding budget-friendly Nissan Versa insurance in Newark is the reason you're reading this, then having a good understanding how to get free comparison quotes and analyze car insurance can save time, money, and frustration.

The fastest way that we advise to compare insurance rates from multiple companies utilizes the fact all the major auto insurance companies participate in a system to give free rates quotes. The one thing you need to do is give them some information including if the vehicle is leased, how much you drive, how you use your vehicles, and the ages of drivers. The rating information gets sent immediately to many different companies and they return rate quotes within a short period of time.

To get price quotes for your Nissan Versa now, click here and enter your coverage details.

The companies shown below can provide price quotes in Newark, NJ. If multiple companies are listed, it's highly recommended you click on several of them to get the most competitive price.

Insurance rates and discounts

Car insurance is not cheap, but there may be some discounts that can help lower your rates. Certain reductions will be credited at the time of quoting, but some must be requested specifically prior to getting the savings.Cheaper insurance with discounts

  • Multiple Cars - Drivers who insure all your vehicles with one company could earn a price break for each car.
  • Safe Driver Discounts - Accident-free drivers can get discounts for up to 45% lower rates than less cautious drivers.
  • Sign Online - Certain companies will give you a small discount simply for signing on the internet.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
  • Multi-policy Discount - If you can combine your auto and home policy and place coverage with the same company you could get a discount of at least 10% off all policies.
  • Air Bags and Passive Restraints - Vehicles equipped with air bags could see savings up to 30%.

We need to note that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as collision or personal injury protection. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn't stay in business.

The illustration below illustrates the difference between Nissan Versa insurance premiums with and without discounts applied to the premium. The premiums are based on a male driver, no accidents or driving violations, New Jersey 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, marriage, homeowner, and claim-free discounts applied.

To choose providers who offer insurance discounts in New Jersey, click here.

Nissan Versa coverage statistics

The coverage table below showcases a range of insurance coverage prices for Nissan Versa models. Having a good understanding how insurance policy premiums are calculated can be of help when making informed decisions when shopping around for a new policy.

Nissan Versa Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $238 $530 $544 $32 $162 $1,506 $126
Versa 1.8 S Hatchback $278 $760 $544 $32 $162 $1,776 $148
Versa 1.8 S SEDAN $278 $760 $544 $32 $162 $1,776 $148
Versa 1.8 SL Hatchback $320 $874 $544 $32 $162 $1,932 $161
Versa 1.8 SL SEDAN $320 $874 $544 $32 $162 $1,932 $161
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in Newark location which can impact coverage prices significantly.

Can higher deductibles save money?

The hardest decision when buying coverage is how high should the physical damage deductibles be. The rates shown below can help show the rate fluctuation of buying low and high coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Nissan Versa insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $276 $514 $480 $28 $144 $1,467 $122
Versa 1.8 S Hatchback $324 $738 $480 $28 $144 $1,739 $145
Versa 1.8 S SEDAN $324 $738 $480 $28 $144 $1,739 $145
Versa 1.8 SL Hatchback $372 $848 $480 $28 $144 $1,897 $158
Versa 1.8 SL SEDAN $372 $848 $480 $28 $144 $1,897 $158
Get Your Own Custom Quote Go
Nissan Versa insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $224 $414 $480 $28 $144 $1,290 $108
Versa 1.8 S Hatchback $264 $594 $480 $28 $144 $1,510 $126
Versa 1.8 S SEDAN $264 $594 $480 $28 $144 $1,510 $126
Versa 1.8 SL Hatchback $302 $684 $480 $28 $144 $1,638 $137
Versa 1.8 SL SEDAN $302 $684 $480 $28 $144 $1,638 $137
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in specific Newark garaging location which can impact rates greatly.

Based on the figures above, using a $250 deductible will cost in the ballpark of $19 more each month or $228 for a full year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 13 months between claims, you would save more money if you elect the higher deductible.

The diagram below illustrates how your deductible choice and can impact Nissan Versa insurance rates for different age groups of insureds. The premiums are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Nissan Versa insurance rates by age and gender

The information below shows the comparison of Nissan Versa insurance prices for male and female drivers. The premiums assume no accidents or driving violations, comp and collision included, $250 deductibles, single status, and no discounts are applied to the premium.

Full coverage versus liability-only in Newark

The example below shows the difference between Nissan Versa insurance premiums with full physical damage coverage compared to only buying liability only. The data assumes no claims, a clean driving record, $100 deductibles, drivers are not married, and no additional discounts are factored in.

When to switch to liability coverage only

There is no set rule of when to phase out comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's say your Nissan Versa settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $5,000 after you pay the deductible. If you are paying over $500 annually for full coverage, then you might want to think about dropping full coverage.

There are some situations where only buying liability is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Compare prices but still have a neighborhood Newark auto insurance agent

Many people would rather talk to a local agent and there is nothing wrong with that. One of the benefits of price shopping on the web is the fact that drivers can get cheap insurance rates but still work with a licensed agent.

Once you complete this form (opens in new window), your insurance coverage information is submitted to companies in Newark that provide free Newark auto insurance quotes for your insurance coverage. There is no need to search for an agent since price quotes are sent instantly to you. You can get cheaper insurance rates and an insurance agent to talk to. If for some reason you want to get a price quote from a specific insurance company, you can always visit that company's website and fill out the quote form the provide.

Finding the right insurance company is decision based upon more than just the price. You should also get answers to these questions.

  • Are claims handled at the agent's location?
  • Does the company use OEM repair parts?
  • Is the agent CPCU or CIC certified?
  • Does the agency have a current Errors and Omissions policy?
  • Can they give you a list of client referrals?
  • Can you use your own choice of collision repair facility?
  • Will their companies depreciate repairs to your car based on the mileage?

When narrowing the list to find a good Newark insurance agent, it can be helpful to understand the different types of agents and how they work. Agents in Newark are either exclusive or independent (non-exclusive).

Exclusive Insurance Agents

These agents are contracted to one company and some examples include AAA, Allstate, and State Farm. These agents are not able to provide rate quotes from other companies so you need to shop around if the rates are high. These agents receive extensive training on what they offer which helps overcome the inability to quote other rates.

Shown below is a short list of exclusive agents in Newark who may provide you with price quote information.


217 Chestnut St - Newark, NJ 07105 - (973) 536-2060 - View Map


360 Chestnut St - Newark, NJ 07105 - (800) 701-5909 - View Map


66 Wilson Ave - Newark, NJ 07105 - (973) 690-6400 - View Map

More Newark agents

Independent Agencies or Brokers

Independent agents often have many company appointments and that gives them the ability to insure with many different companies and help determine which has the cheapest rates. If your premiums go up, they simply switch companies in-house and you can keep the same agent.

When comparing rates, you will want to contact at least one independent agent for the best price selection.

Listed below is a short list of independent insurance agents in Newark willing to provide comparison quotes.


177 Adams St - Newark, NJ 07105 - (973) 466-9090 - View Map


338 Washington Ave - Belleville, NJ 07109 - (973) 759-8291 - View Map


1 Bloomfield Ave - Newark, NJ 07104 - (973) 483-3500 - View Map

More Newark agents

Which car insurance company is best in New Jersey?

Selecting the highest-rated car insurance provider can be challenging considering how many different companies insure vehicles in New Jersey. The company ratings shown next can help you choose which coverage providers you want to consider purchasing from.

Top 10 Newark Car Insurance Companies by A.M. Best Rank

  1. GEICO - A++
  2. Travelers - A++
  3. State Farm - A++
  4. USAA - A++
  5. Allstate - A+
  6. Nationwide - A+
  7. Mercury Insurance - A+
  8. Progressive - A+
  9. The Hartford - A+
  10. Esurance - A+

Top 10 Newark Car Insurance Companies Ranked by Value

  1. The Hartford
  2. Mercury Insurance
  3. Farmers Insurance
  4. Safeco Insurance
  5. AAA Insurance
  6. 21st Century
  7. Travelers
  8. State Farm
  9. Progressive
  10. American Family

Educate yourself about insurance coverages

Learning about specific coverages of a insurance policy can be of help when determining the right coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Liability

Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. It protects you against claims from other people. Liability doesn't cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 15/30/5 which stand for $15,000 bodily injury coverage, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000.

Liability insurance covers things such as pain and suffering, bail bonds, loss of income and structural damage. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible. New Jersey state minimum liability requirements are 15/30/5 but you should consider buying higher limits.

The chart below demonstrates why the minimum limit may not be adequate.

Auto collision coverage

Collision coverage pays for damage to your Versa resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like hitting a parking meter, scraping a guard rail, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It's also possible to bump up the deductible on your Versa to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle's damage.

Since a lot of drivers only purchase the least amount of liability that is required (which is 15/30/5), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like ambulance fees, chiropractic care, funeral costs, hospital visits and prosthetic devices. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive auto coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as falling objects, theft, rock chips in glass and a tree branch falling on your vehicle. The highest amount you'll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Shop smart and save

As you go through the steps to switch your coverage, don't be tempted to reduce coverage to reduce premium. In many instances, someone dropped liability limits or collision coverage only to regret at claim time they didn't purchase enough coverage. The ultimate goal is to find the BEST coverage at an affordable rate while not skimping on critical coverages.

Cost effective Nissan Versa insurance is available from both online companies as well as from independent agents in Newark, so you need to quote Newark auto insurance with both to have the best selection. Some insurance providers do not provide online quoting and most of the time these small insurance companies provide coverage only through independent insurance agents.

We just showed you a lot of tips how to lower your Nissan Versa insurance rates in Newark. The key thing to remember is the more price quotes you have, the better likelihood of getting affordable Newark auto insurance quotes. Drivers may even discover the biggest savings come from some of the lesser-known companies. These companies may have significantly lower car insurance rates on certain market segments than their larger competitors like State Farm or Progressive.

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