Who Has the Cheapest Memphis Car Insurance for a Nissan Sentra?

Finding cheap coverage for a Nissan Sentra is dependent upon a complex formula that considers things such as how old the vehicle is, if you have prior claims, and driving violations and tickets. Tennessee drivers pay on average $806 per year for Sentra insurance, but that amount is based on a 50-year-old single female driver with full coverage and $500 deductibles.

There is a good probability you aren’t exactly 50 years old or even a female, you might be married instead of single, or maybe you prefer liability limits higher than required by Tennessee state law. Have just a small change in rating variables can result in a big discrepancy in policy price.

Having different needs demonstrates why the only real way to find the cheapest insurance price for your Nissan is to compare as many rates as you can.

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The trim level of your Nissan tends to have a direct impact on the insurance rate, so the price you will be charged to insure a Sentra 2 will be $126 cheaper than the price to insure the more expensive Sentra SE-R SPEC V trim level, as shown by the rates below.

Nissan Sentra Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sentra 2 $136 $298 $326 $20 $98 $878 $73
Sentra 2.0 S $136 $350 $326 $20 $98 $930 $78
Sentra 2.0 SR $136 $350 $326 $20 $98 $930 $78
Sentra 2.0 SL $156 $350 $326 $20 $98 $950 $79
Sentra SE-R $156 $350 $326 $20 $98 $950 $79
Sentra SE-R SPEC V $156 $404 $326 $20 $98 $1,004 $84
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in your specific Memphis location which can affect auto insurance rates substantially.

Tennessee insurance companies ranked

Buying coverage from the top auto insurance provider can be a challenge considering how many companies there are in Memphis. The information in the next section may help you decide which auto insurance companies to look at when comparing auto insurance rates for a Nissan Sentra.

These rankings only include the largest auto insurers in America, so companies that have a smaller presence are not included in this list. To check rates from the most competitive companies in Tennessee, simply click here.

Top 10 Major Car Insurance Companies in Memphis Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. Titan Insurance

Full coverage versus liability-only

Saving money when shopping for insurance is the goal of most drivers, and one common way to find cheap insurance for a Nissan Sentra is to only buy liability insurance. The chart below compares insurance rates when comparing full coverage to liability only. The premium estimates are based on no accidents, no driving violations, $500 deductibles, single status, and no other discounts are factored in.

If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an extra $1,686 per year more than just buying liability insurance. That is a large expense which might make you wonder if physical damage coverage is worth the money. There is no specific rule for eliminating full coverage, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s replacement value is $9,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after paying your deductible. If you are paying in excess of $850 a year for full coverage, then you might consider buying liability only.

There are some situations where buying only liability insurance is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not buy liability only.

How to get discounts on Memphis auto insurance rates

Discounts on insurance for a Nissan SentraCar insurance companies that provide coverage for a Nissan Sentra may provide policy discounts that could lower prices by as much as 35% if you meet specific criteria. A few of the larger companies and a partial list of their discounts are detailed below.

The example below shows the comparison of car insurance rates with and without discounts applied to the rates. The price estimates are based on a female driver, no tickets, no at-fault accidents, Tennessee state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, claim-free, homeowner, accident-free, multiple policy, and vehicle safety discounts applied. When discounts are applied, the average savings per year on insurance for a Nissan Sentra is 28% or $498.

The information below demonstrates how deductibles can impact insurance prices when getting quotes for cheap insurance for a Nissan Sentra. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could pocket $266 a year by changing from a $100 deductible to a $500 deductible, or save $400 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could drop their prices as much as $564 or more just by using higher deductibles. When choosing a higher deductible, it is important to have plenty of money set aside to allow you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.