Wouldn't it be great if we could look into our crystal ball and tell you the single best car insurance company that has the best insurance prices for drivers requiring a SR22? It's just not that simple, as there are a whole slew of unknowns such as the area you live in, whether or not you own a home, and the annual mileage you drive, that all influence how much you pay for auto insurance. This article will cover the best ways to compare rates and will give you a jump start in finding the best auto insurance for SR22 drivers.
One of the more important things that aid in calculating the amount you pay for auto insurance is your zip code in Nevada. Areas with high crime rates or more dense population like Winchester, Paradise, and Las Vegas likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The information below shows the most costly cities in Nevada for drivers requiring a SR22 to purchase car insurance in.
|Rank||City||Premium Per Year|
|7||North Las Vegas||$1,826|
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Premium costs are comparative as specific Nevada zip code can influence price quotes considerably.
The type of vehicle driven is one of the biggest factors that determines the availability of the cheapest coverage for drivers requiring a SR22. Vehicles with high performance engines, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.
The next table ranks car insurance premiums for some of the most economical vehicles to insure in Nevada.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,382|
|Ford Escape XLS 2WD||$2,484|
|Honda CR-V EX 4WD||$2,515|
|Jeep Wrangler Sport 4WD 2-Dr||$2,537|
|Ford F-150 XLT Regular Cab 2WD||$2,748|
|Ford Explorer XLT AWD||$2,777|
|Ford Fusion S 4-Dr Sedan||$2,821|
|Toyota Camry LE||$2,910|
|Chevrolet Impala LT||$2,915|
|Ford Focus SES 4-Dr Sedan||$2,925|
|Hyundai Elantra Blue 4-Dr Sedan||$2,934|
|Toyota RAV4 Limited 4WD||$2,939|
|GMC Sierra SLE Crew Cab 2WD||$2,948|
|Dodge Grand Caravan Hero||$2,939|
|Jeep Grand Cherokee SRT-8 4WD||$2,978|
|Honda Odyssey Touring||$2,985|
|Toyota Corolla LE||$3,044|
|Toyota Tacoma X-Runner 2WD||$3,051|
|Ford Edge Sport AWD||$3,067|
|Hyundai Sonata GLS 4-Dr Sedan||$3,068|
|Chevrolet Equinox LTZ 2WD||$3,074|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$3,081|
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Data rating is based on single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Rates do not factor in specific location information which can alter prices greatly.
Based upon the rates shown, we can conclude that makes and models like the Honda Accord, Ford Escape, Honda CR-V, Jeep Wrangler, and Toyota Prius are most likely going to be the cheapest vehicles to insure for high risk drivers. The price for an auto insurance policy will be more costly because of the fact that there is more claim risk for drivers requiring a SR22, but overall those particular models will probably have the lowest insurance rates possible.
The chart below shows how choosing a deductible can influence yearly insurance costs when quoting cheap insurance for drivers requiring a SR22 in Nevada. The premiums are based on a married male driver, comp and collision included, and no discounts are factored in.
As shown above, a 50-year-old driver could lower rates by $256 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $388 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could reduce their rates up to $860 or even more by selecting a higher deductible.
If you do decide to increase your deductibles, it is important to have additional savings on hand to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Discounts on Nevada auto insurance
Insurance companies that offer cheap quotes for drivers requiring a SR22 may additionally offer discounts that can lower rates by 35% or more if you meet specific eligibility requirements. Large car insurance companies and the discounts they provide can be found below.
- GEICO has savings for five-year accident-free, defensive driver, multi-vehicle, seat belt use, air bags, anti-lock brakes, and driver training.
- MetLife offers discounts including defensive driver, good driver, accident-free, claim-free, multi-policy, and good student.
- State Farm offers premium reductions for good student, safe vehicle, Steer Clear safe driver discount, multiple policy, and student away at school.
- Progressive includes discounts for multi-vehicle, multi-policy, online quote discount, online signing, and continuous coverage.
- Mercury Insurance discounts include multi-policy, multi-car, accident-free, professional/association, and good student.
- 21st Century may offer discounts for driver training, automatic seat belts, defensive driver, air bags, 55 and older, and good student.
- Allstate may have discounts that include EZ pay plan discount, anti-theft, early signing, safe driver, good payer, farm vehicle, and FullPay discount.
The chart below shows the comparison of insurance costs with and without discounts applied. The premiums assume a male driver, one at-fault accident and three violations, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple policy, paperless filing, paid-in-full, anti-theft, multiple vehicle, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for drivers requiring a SR22 is 28% or $815.
How to find the cheapest car insurance for drivers requiring a SR22 in Nevada
The list below details some thrifty suggestions that can help Nevada drivers quote low-cost coverage.
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Raise comprehensive and collision coverage deductibles
- Bundle car and home insurance and save money
- Having at-fault accidents will increase rates
- Avoid filing small claims
- Better credit rating means better rates
- Comparison shop at least once a year
That last piece of advice is incredibly crucial, as was pointed out in this article. Coverage prices fluctuate considerably, so you should be ready to buy a policy from a new company if a more affordable price is available. Having a favorite company is fine, but it's not a good idea if that dedication is costing a small fortune year after year. In just a few minutes you could shop around and find cheaper car insurance for drivers requiring a SR22.