Finding out which companies have the most affordable insurance rates for drivers with a bad driving record in Nevada will require a bit more work in order to find the best price. Each insurer has their own guidelines to set policy rates, so let's look at the rankings for the lowest cost insurance companies in Nevada.
Find the Cheapest Auto Insurance for Imperfect Drivers
|Rank||Company||Cost Per Year|
|Compare Rates Now Go|
Allied may have some of the most affordable car insurance rates in Nevada at around $939 per year. Travelers, Capital, Oregon Mutual, and Progressive would also make the list of some of the cheapest Nevada auto insurance companies.
As shown above, if you currently have coverage with Oregon Mutual and switched to Travelers, you may see savings of approximately $219. Drivers with Progressive could save as much as $251 a year, and American Family customers might realize rate reductions of up to $279 a year.
Bear in mind that those prices are averages for all types of drivers and the different vehicles they drive and do not factor in a price surcharge for drivers with a bad driving record. So the auto insurance company that fits your situation best may not even be in the list above. That illustrates why you need to get rate quotes using your own specific driver and vehicle information.
One of the many considerations that are looked at to help calculate the amount you pay each year for auto insurance is where you call home in Nevada. Areas with more people or higher crime rates like Winchester, Paradise, and Las Vegas likely pay more, whereas less populated areas tend to receive slightly lower rates.
The information below lists the most expensive cities in Nevada for drivers with a bad driving record to buy an auto insurance policy in.
|Rank||City||Premium Per Year|
|7||North Las Vegas||$1,826|
|Compare Rates Now Go|
Prices are approximated as the specific geographic location can influence prices significantly.
Types of discounts on Nevada auto insurance
Insurers that offer cheap quotes for drivers with a bad driving record may also provide policy discounts that could reduce prices by as much as 35% if you are eligible to receive them. Larger insurance companies and their possible discounts are outlined below.
- State Farm may have discounts that include multiple policy, multiple autos, defensive driving training, passive restraint, and good driver.
- Progressive offers discounts for continuous coverage, multi-vehicle, homeowner, good student, and online quote discount.
- Travelers policyholders can earn discounts including student away at school, driver training, home ownership, save driver, and new car.
- American Family may include discounts for multi-vehicle, accident-free, mySafetyValet, good student, and bundled insurance.
- Liberty Mutual includes discounts for teen driver discount, newly married, newly retired, new move discount, exclusive group savings, safety features, and new vehicle discount.
The example below shows the difference between auto insurance rates with and without discounts applied. The premium estimates are based on a female driver, three violations and one accident, Nevada state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with multiple policy, passive restraint, vehicle safety, paperless filing, homeowner, and paid-in-full discounts applied. When discounts are applied, theaverage yearly reduction on insurance for drivers with a bad driving record is 28% or $636.
The information below demonstrates how deductibles can impact yearly insurance costs when researching cheap insurance for drivers with a bad driving record in Nevada. The costs are based on a married female driver, comp and collision included, and no discounts are taken into consideration.
The chart above illustrates that a 40-year-old driver could save $252 a year by switching from a $100 deductible up to a $500 deductible, or save $380 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, can cut up to $624 annually by choosing larger deductibles on their policy. If you do raise deductibles, it's a good idea to have additional savings on hand to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Rate difference between full and liability-only coverage
Lowering the price of insurance is probably important to the majority of people, and one great way to pay lower rates for insurance for drivers with a bad driving record in Nevada is to buy liability only. The information below illustrates the comparison of auto insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no violations or claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.
If we average the cost for all age groups, physical damage coverage on your policy costs an additional $1,751 per year more than just buying liability insurance. Many drivers will wonder if full coverage is worth the money. There is no definitive rule to exclude full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.