Cheapest Quotes for Nissan Versa Insurance in Anchorage

Insurance for Nissan VersaThe most effective way to find cheaper auto insurance rates is to compare prices once a year from providers that sell auto insurance in Anchorage. You can compare rates by following these guidelines.

The most important part of shopping around is to make sure you enter identical coverages on every quote request and and to compare as many different companies as possible. This guarantees a level playing field and maximum price selection.

Unthinkable but true, nearly 70% of customers kept their coverage with the same car insurance company for four years or more, and virtually 40% of consumers have never compared rates with other companies. With the average premium in Alaska being $1,158, drivers can save up to 35% each year by just comparing rate quotes, but most tend to underestimate the rate savings if they switched to a more affordable policy.

Get cheaper Nissan Versa insurance rates in Anchorage

Insuring your fleet can be pricey, but companies offer discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you purchase, but occasionally some discounts must be asked for before they will apply.Discount auto insurance

You should keep in mind that most discounts do not apply to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any qualifying discounts will positively reduce your premiums.

The illustration below shows the comparison of Nissan Versa yearly insurance costs with and without discounts. The rate quotes are based on a female driver, no claims or driving citations, Alaska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, marriage, multi-policy, and multi-car discounts applied.

If you would like to choose from a list of insurers who offer cheap Nissan Versa insurance quotes in Anchorage in Anchorage, click this link.

Cheapest Nissan Versa insurance rate quotes in Anchorage

The auto insurance companies shown below offer price quotes in Alaska. To find the cheapest auto insurance in Anchorage, we recommend you click on several of them in order to find the lowest rates.

Insurance rate breakdown

The information displayed next outlines estimates of insurance prices for Nissan Versa models. Having a good grasp of how premiums are established can help you make informed decisions.

Nissan Versa Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $94 $180 $278 $16 $84 $652 $54
Versa 1.8 S Hatchback $110 $258 $278 $16 $84 $746 $62
Versa 1.8 S SEDAN $110 $258 $278 $16 $84 $746 $62
Versa 1.8 SL Hatchback $126 $296 $278 $16 $84 $800 $67
Versa 1.8 SL SEDAN $126 $296 $278 $16 $84 $800 $67
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in zip code location which can influence price quotes considerably.

Where to set your deductibles

One of the most common car insurance questions is how high or low should comp and collision deductibles be. The rates below may aid in understanding the cost difference between low and high policy deductibles. The first rate quote example uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Nissan Versa insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $156 $292 $272 $16 $82 $843 $70
Versa 1.8 S Hatchback $184 $418 $272 $16 $82 $997 $83
Versa 1.8 S SEDAN $184 $418 $272 $16 $82 $997 $83
Versa 1.8 SL Hatchback $210 $480 $272 $16 $82 $1,085 $90
Versa 1.8 SL SEDAN $210 $480 $272 $16 $82 $1,085 $90
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Nissan Versa insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $126 $234 $272 $16 $82 $730 $61
Versa 1.8 S Hatchback $148 $336 $272 $16 $82 $854 $71
Versa 1.8 S SEDAN $148 $336 $272 $16 $82 $854 $71
Versa 1.8 SL Hatchback $170 $388 $272 $16 $82 $928 $77
Versa 1.8 SL SEDAN $170 $388 $272 $16 $82 $928 $77
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in specific location information which can modify price quotes considerably.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $12 more each month or $144 annually than requesting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 21 months between claim filings, you would save more money if you elect the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $83
Average monthly premium for $500 deductibles (subtract): – $71
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

The diagram below shows how choosing a deductible and can influence Nissan Versa annual premium costs for different age categories. The rate quotes are based on a married male driver, comp and collision included, and no discounts are applied.

How accidents and violations affect rates

The information below shows how speeding tickets and fender-benders can raise Nissan Versa car insurance costs for each different age group. The premiums assume a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Car insurance rates by age and gender

The diagram below compares Nissan Versa car insurance costs for male and female drivers. The rate quotes are based on no violations or claims, comp and collision included, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Nissan Versa liability rates compared to full coverage

The information below compares Nissan Versa premium costs with and without full coverage. The rate quotes are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

When to switch to liability coverage only

There is no definitive rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s pretend your Nissan Versa book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If you are paying more than $400 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Everyone needs different insurance coverages

Always keep in mind that when comparing a policy for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is unique.Higher deductibles save money

Here are some questions about coverages that might help in determining if your situation might need an agent’s assistance.

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can help protect your family.

Independent versus exclusive auto insurance agents

Many drivers still prefer to visit with an insurance agent and that can be a great decision Licensed agents can make sure you are properly covered and help file insurance claims. An additional benefit of price shopping on the web is that drivers can save money and get cheap car insurance quotes and also buy local. And buying from neighborhood agents is still important in Anchorage.

To find an agent, once you fill out this form (opens in new window), your information is transmitted to companies in Anchorage who will give you quotes for your coverage. You won’t need to search for any insurance agencies since price quotes are sent to you instantly. If you have a need to compare prices from a specific car insurance provider, feel free to search and find their rate quote page to submit a rate quote request.

Types of auto insurance agents in Anchorage

If you are searching for a reliable agent, you should know the types of agencies and how they can write your policy. Agencies in Anchorage may be either independent or exclusive depending on the company they work for. Either can sell car insurance policies, but it’s good to learn how they differ since it may influence the selection process.

Independent Car Insurance Agents (or Brokers)

Agents of this type do not sell for just one brand so they can write business with an assortment of companies depending on which coverage is best. If they find a lower price, they simply move your policy to a different company without you having to go to a different agency.

If you need lower rates, we highly recommend that you get several quotes from multiple independent agents to get the most accurate price comparison. Many independent agencies also insure through lesser-known insurance companies which can save you money.

Listed below is a partial list of independent insurance agencies in Anchorage that can possibly get you free car insurance quotes.

View more Anchorage agents

Exclusive Insurance Agents

These agents can only write with one company and some examples include American Family, State Farm, and AAA. Exclusive agents cannot compare other company’s rates so they have to upsell other benefits. These agents are highly trained in insurance sales which aids in selling service over price. Consumers sometimes use the same exclusive agent partially due to the brand name and the convenience of having a single billing for all their coverages.

Below are Anchorage exclusive insurance agents that can give you comparison quotes.

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Deciding on an auto insurance agent shouldn’t rely on just a cheap price quote. Here are some questions you might want to ask.

Once you have good responses to any questions you may have and an affordable coverage quote, it’s possible that you found an insurance agent that is a good match to properly insure your vehicles. It’s important to know that it’s your policy and you can cancel your policy at any time so never assume you’re contractually obligated to your new company with no way to switch.

Car insurance policy specifics

Understanding the coverages of a car insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Nissan Versa.

Due to the fact that many Alaska drivers have only the minimum liability required by law (which is 50/100/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage protection

Collision coverage covers damage to your Versa caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, driving through your garage door, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible on your Versa to bring the cost down.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for short-term medical expenses for prosthetic devices, hospital visits, surgery and funeral costs. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability insurance

Liability insurance can cover damage or injury you incur to a person or their property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/25 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, loss of income and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible. Alaska state law requires minimum liability limits of 50/100/25 but drivers should carry higher limits.

The illustration below demonstrates why minimum state limits may not provide you with enough coverage.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as fire damage, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Affordable car insurance rates are possible

Cheaper Nissan Versa insurance in Anchorage can be found on the web in addition to many Anchorage insurance agents, so you should compare both to have the best selection. Some companies do not offer internet price quotes and usually these small insurance companies only sell coverage through local independent agents.

Consumers leave their current company for a number of reasons such as lack of trust in their agent, not issuing a premium refund, unfair underwriting practices and even delays in paying claims. Regardless of your reason, choosing a new company is easier than you think.

As you shop your coverage around, make sure you don’t buy poor coverage just to save money. Too many times, someone sacrificed liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage for the lowest price, but do not skimp to save money.

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