What Auto Insurance is Cheapest for a Nissan Versa in Chicago?

Buying competitive auto insurance for a Nissan Versa hinges on a large number of rating criteria such as whether you are single or married, the size of your vehicle, and if you have tickets or violations. Drivers will pay on average $679 per year to insure their Versa, but that price is a valuation calculated using a 40-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.

Most likely you’re not a 40-year-old female, maybe you are single instead of married, and maybe your Versa is older and does not require full coverage. Just a slight change in the rating criteria used to formulate rates may result in a big change in the cost of insurance.

This illustrates why the only real way to find the cheapest rates for your Nissan is to do the rate comparisons yourself. Get your free quotes now and you will be able to compare rates from the best companies in Illinois.

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Vehicle trim level will have an impact the cost of coverage, so the price you will pay to insure a Versa 1.6 SEDAN model will be $182 less expensive the insurance cost for the more expensive Versa 1.8 SL SEDAN model, as shown in the table below.

Nissan Versa Insurance Rates in Chicago, IL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Versa 1.6 SEDAN $104 $220 $274 $16 $82 $696 $58
Versa 1.8 S Hatchback $122 $316 $274 $16 $82 $810 $68
Versa 1.8 S SEDAN $122 $316 $274 $16 $82 $810 $68
Versa 1.8 SL Hatchback $142 $364 $274 $16 $82 $878 $73
Versa 1.8 SL SEDAN $142 $364 $274 $16 $82 $878 $73
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Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in Chicago location which can affect premium rates noticeably.

Chicago insurance companies

Selecting a high-quality insurer can be rather challenging considering how many different companies insure vehicles in Chicago. The company ratings shown next can help you pick which car insurance companies to look at purchasing coverage from. These rankings are only comprised of large, nationwide insurance companies, so companies with more of a regional focus are not taken into consideration for the list.

Top 10 Major Car Insurance Companies Overall in Chicago

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Top 10 Major Car Insurance Companies in Chicago Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

The example below demonstrates how deductible levels can raise or lower yearly insurance costs when researching cheap insurance for a Nissan Versa. The information is based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 50-year-old driver could cut expenses by $324 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $486 by using a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could drop their prices up to $1,090 each year by choosing a larger deductible amount.

If you do decide to increase your deductibles, it is essential to have enough savings to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Discount Chicago insurance rates

Discounts on insurance for a Nissan VersaInsurers that sell policies for a Nissan Versa may also offer premium discounts that can reduce rates by as much as 35% if you meet eligibility requirements. A few of the larger companies and their possible discounts can be found below.

The information below compares auto insurance costs with and without discounts applied to the policy premium. The premiums assume a male driver, no violations or accidents, Illinois state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with accident-free, multiple policy, passive restraint, marriage, homeowner, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for a Nissan Versa is 28% or $332.

Who has the cheapest Versa insurance?

Chicago insurance rates are impacted by many factors that control your annual premium. Improving your credit rating, buying another vehicle, or getting a driving violation can trigger rate changes that can cause some rates to be cheaper than before. In addition, car insurance companies change rates as often as every quarter to adjust for heavy claims or excess profits. Heavier than normal losses may result in additional premium costs, while a profitable period may result in more affordable Versa insurance rates.

The graph below shows the companies that have the cheapest car insurance in Chicago, IL for a 30-year-old male driver with no accidents or violations, and a good credit history. If we estimate prices based on his current rating profile, The Hartford may have the most affordable car insurance rates in Chicago at $1,272 a year. This is $77 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance round out the rest of the best Chicago, IL auto insurance companies.

The next chart shows rates after we give the driver in the first example a claim or two, a lower credit score, and a few traffic violations. Since every insurance provider has a different process to set policy rates, comparing quotes may now show a substantially altered list of the cheapest companies as shown below.

SECURA now has the lowest car insurance rate in Chicago with USAA, Travelers, Utica National, and Auto-Owners also having competitive pricing. This illustrates why it is critical to compare as many rates as possible to find the best car insurance quotes for a Nissan Versa.

Auto insurance prices consist of many factors and change substantially, so the cheapest option six months ago may now be an over-priced policy.

How to find more affordable insurance for a Nissan Versa

The list below details a few thrifty suggestions that can help drivers locate low-cost auto insurance.

That last idea is incredibly important, as we noted in the article above. Prices in Chicago fluctuate constantly, so you should be ready to buy a policy from a new company if a better rate can be found. Being loyal to a particular company is commendable, but it’s not recommended if your bullheadedness ends up costing you a wad of cash every year. In just a few minutes you could shop around to find cheaper auto insurance for a Nissan Versa.