Finding economical car insurance for a Nissan Sentra in Colorado is fairly simple, but it is dependent upon an enormous amount of rating factors such as annual miles driven, if you have prior claims, and driving violations. Drivers will pay on average $861 a year for Sentra insurance, but that amount is a valuation based on a 50-year-old single female driver with full physical damage coverage and $1,000 deductibles.
When making auto insurance estimates, the issue arises that you may not be 50 years old (or even female), possibly married instead of single, and you want different coverage limits than the example. Each driver’s needs are different, and that demonstrates why the only way to find cheap auto insurance rates for your Nissan is to just take the time to compare rates yourself.
The trim level of your Sentra will most likely have an effect on the annual cost of coverage, so the cost to insure a Sentra 2 will cost $118 less than the price to insure the more well-appointed Sentra SE-R SPEC V trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sentra 2.0 S||$126||$332||$396||$24||$118||$996||$83|
|Sentra 2.0 SR||$126||$332||$396||$24||$118||$996||$83|
|Sentra 2.0 SL||$144||$332||$396||$24||$118||$1,014||$85|
|Sentra SE-R SPEC V||$144||$382||$396||$24||$118||$1,064||$89|
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can revise coverage prices greatly.
Deciphering which company quotes the cheapest insurance rates for a Nissan Sentra will involve a little more sweat than just picking a company at random.
Each auto insurance company uses their own calculation to set premium rates, so let’s take a look at the insurance companies with the overall best prices in Denver. It’s important to understand that Colorado insurance rates are impacted by many things that control the price you have to pay for coverage. Getting older, having a claim, or getting a ticket for careless driving can cause premium changes that may make certain companies more affordable than competitors.
Best Insurance Companies for Your Sentra
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford may have some of the cheapest car insurance rates in Denver at around $850 a year. This is $728 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide also qualify as some of the best Denver, CO insurance companies.
As depicted above, if you currently have coverage with USAA and switched to The Hartford, you may realize a yearly savings of in the vicinity of $189. Drivers with GEICO might save as much as $291 a year, and Nationwide policyholders might cut rates by $305 a year.
To see if your current coverage is too expensive, click here to begin a quote or visit several of the following companies.
Be aware that those policy prices are averages across all insureds and vehicles and and are not calculated with a specific zip code for a Nissan Sentra. So the company that fits you best may not even be in the top 21 companies shown above. That is why you need to get rate quotes from many companies using your own specific driver information and vehicle.
The diagram below demonstrates how deductible levels can increase or decrease insurance rates when searching for cheap insurance for a Nissan Sentra. The data assumes a single female driver, comp and collision included, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could cut expenses by $376 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $566 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could potentially save $966 or more by using higher deductibles when buying full coverage. When choosing a higher deductible, it is a good idea to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Cost comparison with and without full coverage
Saving on insurance is important to the majority of drivers, and a good way to buy cheap insurance for a Nissan Sentra is to not buy full coverage. The information below compares auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no additional discounts are factored in.
As an overall average, physical damage coverage on your policy costs $1,925 per year more than just insuring for liability. Many people question when is it safe to stop buying full coverage. There is no definitive formula of when to eliminate full coverage, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s claim settlement value is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,500 after paying your deductible. If premiums are more than $750 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Impact of violations and accidents on rates in Denver
The best way to maintain the best insurance premiums in Denver for a Sentra is to drive carefully and avoid at-fault accidents and violations. The information below illustrates how speeding tickets and fender-benders impact insurance prices for different age groups of insureds. The price estimates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of a car insurance policy in Colorado per year with a clean driving record and no accidents is $2,047. Get two speeding tickets and the average cost rises to $2,707, an increase of $660 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for a Nissan Sentra increases to an average of $5,266. That’s an increase of $3,219, or $268 per month, just for not maintaining a clean driving record!