Deciding which company quotes the cheapest insurance rates in North Las Vegas requires a tad more effort in order to find the most economical policy.
Each insurer uses their own formula for setting prices, so let's look at the rankings for the most affordable insurance companies in Nevada. It's a good idea to be aware that North Las Vegas insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Simply improving your credit, becoming a homeowner, or having an at-fault accident can cause premium changes that can now make some companies cheaper than competitors.
|Rank||Company||Cost Per Year|
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Allied normally has some of the cheapest car insurance rates in North Las Vegas at around $921 each year. This is $653 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family also make the cut as some of the best North Las Vegas, NV auto insurance companies.
As shown in the table above, if you are a policyholder with Capital and switched to Allied, you could realize an annual savings of about $67. Policyholders with Oregon Mutual could save as much as $237 a year, and American Family policyholders might reduce prices by as much as $297 a year.
Be aware that those premiums are averaged for all drivers and vehicles in Nevada and and are not calculated with an exact zip code location in North Las Vegas. So the company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
For drivers in North Las Vegas, one of the largest considerations that aid in calculating the amount you pay for auto insurance is your address. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The information below shows the highest-priced areas in Nevada to purchase auto insurance in. North Las Vegas makes the list at #7 with an annual cost of $1,900 for the average insurance policy, which is approximately $158 each month.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,900|
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Premium costs are comparative as zip code location can revise prices substantially.
The type of vehicle requiring insurance is a large factor that determines the availability of the best cheap insurance in North Las Vegas. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than high performance models.
The next table shows car insurance premiums for some of the most affordable vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$2,459|
|Dodge Grand Caravan SE||$2,517|
|Honda CR-V EX 4WD||$2,605|
|Chevrolet Impala LS||$2,608|
|Chevrolet Silverado LT Extended Cab 4WD||$2,659|
|Toyota Camry LE||$2,665|
|Toyota Tacoma Double Cab 4WD||$2,659|
|Ford Explorer Eddie Bauer AWD||$2,709|
|Hyundai Elantra GLS 4-Dr Sedan||$2,804|
|Ford Edge SEL 2WD||$2,855|
|Ford Focus S 4-Dr Sedan||$2,864|
|Toyota Corolla XRS||$2,855|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$2,885|
|Honda Odyssey EX||$2,932|
|Volkswagen Jetta SE 2.5 Station Wagon||$2,946|
|Toyota RAV4 Limited 2WD||$3,000|
|Ford Fusion SEL AWD 4-Dr Sedan||$3,047|
|Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD||$3,098|
|Jeep Grand Cherokee Limited 4WD||$3,128|
|Nissan Altima 3.5 SR 4-Dr Sedan||$3,136|
|Chevrolet Equinox LTZ AWD||$3,128|
|Dodge Ram Quad Cab SLT 2WD||$3,176|
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price information does not factor in specific zip code location which can affect premiums greatly.
Looking at the numbers, you can expect makes and models like the Ford Escape, Dodge Grand Caravan, Honda CR-V, and Chevrolet Impala are likely to be some of the most economical vehicles to insure for drivers in North Las Vegas.
Impact of citations and accidents on North Las Vegas insurance rates
One of the best ways to maintain the best insurance prices for drivers in North Las Vegas is to be a cautious driver and avoid traffic citations and accidents. The diagram below demonstrates how citations and at-fault accidents impact auto insurance rates for different categories of driver ages. The premiums assume a married male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of a car insurance policy per year with no accidents or violations is $1,512. Receive one speeding ticket and the average cost surges to $1,735, an increase of $223 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance in North Las Vegas increases to an average of $2,362. That's an increase of $850, or $71 per month, just for being a careless driver!
Difference between full coverage and liability only rates
Finding the cheapest insurance is the goal of most people, and one of the quickest ways to pay less for insurance in North Las Vegas is to buy only liability coverage. The information below illustrates the comparison of insurance prices with liability coverage only compared to full coverage. The data assumes no driving violations, no at-fault accidents, $250 deductibles, single status, and no discounts are factored in.
On average, full coverage on your policy costs $1,621 per year more than just insuring for liability. Many drivers may wonder when is it safe to stop buying full coverage. There is no exact formula to eliminate full coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.
There are some situations where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
How to find economical insurance in North Las Vegas
The list below shows a few money-saving ideas that can help drivers locate cheap auto insurance.
- Try paying for small claims out-of-pocket
- Increase your deductibles
- Drive safely
- Drop full coverage on older vehicles
- Avoid preventable accidents
- Compare rate quotes often
That last piece of advice is extremely crucial, as we noted in the prior information. Coverage prices vary greatly, so drivers shouldn't be reluctant to buy a different policy if a better rate can be found.
Having brand loyalty is commendable, but is isn't recommended if that stubbornness costs you a fortune every year. Now is a great time to compare prices to find cheaper auto insurance in North Las Vegas.