Who Has the Cheapest Colorado Springs Auto Insurance for a Nissan Versa?

Finding economical insurance for a Nissan Versa in Colorado is pretty easy for most people, but it relies on many rating criteria such as whether you are a homeower, what you do for a living, and driving violations and tickets. Drivers in Colorado pay approximately $1,087 a year for Versa insurance, but that price is an approximation calculated using a 50-year-old single male driver with full coverage and $250 deductibles.

If we were betting, you aren’t exactly 50 years old or even a male, married instead of single, or maybe you’re a renter instead of a homeowner. Having what appears to be a very minor change in the criteria used to calculate rates can result in a big discrepancy in policy price.

Car insurance coverage is unique to each driver, so this is why the best way to find affordable rates for your Nissan is to compare as many rates as possible. It takes less than five minutes and you will be able to see rates from top-rated companies that sell coverage in Colorado.

Compare Nissan Versa Insurance Rates

Your vehicle’s trim level will influence the annual cost of coverage, so the price to insure a Versa 1.6 SEDAN will be $312 less expensive the cost to insure the more costly Versa 1.8 SL SEDAN trim level, as shown in the table below.

Nissan Versa Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $174 $388 $396 $24 $118 $1,100 $92
Versa 1.8 S Hatchback $204 $556 $396 $24 $118 $1,298 $108
Versa 1.8 S SEDAN $204 $556 $396 $24 $118 $1,298 $108
Versa 1.8 SL Hatchback $234 $640 $396 $24 $118 $1,412 $118
Versa 1.8 SL SEDAN $234 $640 $396 $24 $118 $1,412 $118
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in your specific Colorado Springs location which can revise premiums considerably.

Best car insurance company in Colorado

Choosing a highly-rated car insurance provider can be challenging considering how many companies there are to choose from in Colorado Springs. The information listed below can help you choose which auto insurers you want to consider when trying to find the cheapest insurance for a Nissan Versa.

These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Colorado or surrounding areas are not included in this list. If you’d like to compare prices from many more Colorado auto insurance companies, follow this link.

Top 10 Major Auto Insurance Providers in Colorado Springs Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General

Top 10 Major Auto Insurance Providers Overall in Colorado Springs

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Allstate

Insurance rate increases from tickets or accidents

The recommended way to receive cheap car insurance premiums for a Versa is to be an attentive driver and have a clean driving record. The illustration below highlights how speeding tickets and accidents can impact auto insurance costs for different age groups. The costs are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,352. Add in two speeding tickets and the average cost rises to $1,851, an increase of $499 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Nissan Versa increases to an average of $4,060. That’s an increase of $2,708, or $226 per month, just for not maintaining a clean driving record!

The chart below shows how choosing a deductible can impact yearly insurance costs when trying to find cheap insurance for a Nissan Versa. The data assumes a single female driver, full physical damage coverage, and no discounts are applied.

In the chart above, a 30-year-old driver could pocket $418 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $628 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could lower their rates $944 or more by using higher deductibles when buying full coverage. If you do raise deductibles, it’s a good idea to have enough savings set aside to satisfy the extra out-of-pocket expense that comes with higher deductibles.

Why you are probably overpaying for Versa insurance

Colorado Springs, CO car insurance rates are determined by lots of factors that will increase or decrease the cost of having a policy. Improving your credit rating, increasing deductibles, or getting into an accident may cause policy rate changes that may make certain companies more affordable than competitors.

Not only may your situation change, but insurance companies change their prices every year as an adjustment for underwriting gains or losses. Higher than normal claim frequency or severity can result in high rates, while better underwriting may result in cheaper Versa insurance rates.

The data below shows a variety of companies that have the cheapest car insurance in Colorado Springs, CO for a 45-year-old female driver with no prior claims, no tickets, and great credit. If we look at prices based on her current risk factors, The Hartford has the most affordable car insurance rates in Colorado Springs at $998 annually. This is $580 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the top five cheapest Colorado Springs, CO auto insurance companies.

In the next rate comparison, we’ll give the driver in the first example an accident surcharge, bad credit, and a speeding citation. Due to the fact that every auto insurer has a unique approach to determining premium rates, comparing insurance quotes may now show a different set of the cheapest Colorado Springs car insurance companies as shown below.

Travelers now has the best car insurance rate in Colorado Springs, CO with State Farm, American Family, Amica, and Progressive completing the list. This demonstrates why it is important to shop around with many companies when trying to get the most economical car insurance rates for a Nissan Versa.

Insurance rates are influenced by many factors and change dramatically, so the cheapest company two years ago may now be quite expensive.

How to find more affordable auto insurance for a Nissan Versa

It is possible to find better rates, and here are some penny-pinching suggestions that can help Colorado Springs drivers buy lower-cost auto insurance.

The final tip is remarkably critical, as was noted in this piece. Prices adjust frequently, so don’t hesitate to switch to a new company if a more affordable price is available.

Brand loyalty is not necessarily bad, but it’s not recommended if that inflexibility results in costing you money that could be used for better things. Now is a great time to compare prices and find cheaper auto insurance for a Nissan Versa in Colorado Springs.