One of the more important components that help determine the amount you pay for auto insurance is where you choose to live in Elko. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas with less congestion tend to receive cheaper rates.
The illustration below ranks the highest-priced places in Nevada to purchase a policy in. Elko is listed at #20 having an annual price of $1,125 for the average policyholder, which is approximately $94 each month.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,844|
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Premium costs are comparative as the specific Elko residence address can affect premium rates greatly.
Knowing where Elko ranks for car insurance prices, trying to find budget auto insurance is tough enough, and figuring out which companies offer the cheapest insurance rates in Elko will take even more diligence. Every insurance company has a proprietary method to determine premium rates, so we'll take a look at the insurance companies with the overall cheapest rates in Nevada.
It's a good idea to know that Elko insurance rates are calculated based on many things which can substantially change the price you have to pay for coverage. That is why it is so important to do a thorough rate comparison to find the most budget-friendly insurance quotes in Elko. Insurance rates can be determined by many factors and change dramatically, so the cheapest rate three years ago may now be wasting a lot of money.
Compare Cheap Insurance Quotes in Elko
|Rank||Company||Cost Per Year|
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Allied may offer some of the cheapest car insurance rates in Elko at around $921 annually. Travelers, Capital, Oregon Mutual, and Progressive also are some of the most economical Elko, NV insurance companies.
In the rate table above, if you currently have coverage with Capital and switched to Allied, you might realize annual savings of approximately $57. Customers with Oregon Mutual may save as much as $272 a year, and Progressive customers might cut rates by $281 a year.
To get a quick, customized rate comparison, click here or quote rates from the companies below.
Understand that those policy rates are averages for all types of insureds and vehicles and and are not figured with a vehicle location in Elko. So the company that is best suited for you may not even be in the list above. That emphasizes why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The car, truck, or SUV you are seeking coverage for is one of the biggest factors when shopping around for the lowest-priced auto insurance in Elko. Vehicles with economical engines, good safety features, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models. The data below outlines coverage rates for the cheaper automobiles to insure in Nevada.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$815|
|Ford Escape XLT 4WD||$833|
|Honda CR-V EX-L 2WD||$842|
|Chevrolet Impala LS||$943|
|Toyota Camry LE||$961|
|Honda Accord EX-L 4-Dr Sedan||$992|
|Ford Explorer XLT 4WD||$994|
|Toyota Tacoma X-Runner 2WD||$1,014|
|Honda Odyssey EX-L||$1,021|
|Kia Optima LX||$1,032|
|Ford Focus S 4-Dr Sedan||$1,037|
|Dodge Grand Caravan CV||$1,032|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,046|
|Toyota RAV4 2WD||$1,053|
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Prices above 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 claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in specific location information which can modify coverage rates significantly.
By looking at the data, cars like the Hyundai Elantra, Ford Escape, Honda CR-V, Chevrolet Impala, and Toyota Camry are going to be a few of the most budget-friendly vehicles to insure for drivers in Elko.
Bad driving habits will cost you more
The easiest method to snag the most affordable auto insurance rates for drivers in Elko is to be a cautious driver and maintain a clean driving record. The illustration below highlights how speeding tickets and fender-benders influence insurance premiums for each different age group. The prices are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.
The data above shows the average cost of a car insurance policy in Nevada per year with no accidents and a clean driving record is $1,387. Get two speeding tickets and the average cost jumps to $1,852, an increase of $466 each year. Next add two accidents along with the two speeding tickets and the yearly cost of auto insurance in Elko goes up to an average of $3,669. That's an increase of $2,283, or $190 per month, just for a couple of infractions!
Ideas to find low-cost auto insurance in Elko
The list below summarizes some of the better penny-pinching solutions that can help drivers get cheap coverage.
- Raise comprehensive and collision coverage deductibles
- Buy your homeowners policy from the same company as your auto insurance
- At-fault accidents will increase rates
- Ensure your driving record is clean
- Pay lower rates with good credit
- Save money by staying claim-free
- Compare rates once a year for cheaper prices
The last tip in the list is incredibly important, as we discussed in the prior information. Prices charged by auto insurers adjust frequently, so don't be afraid to change insurance companies if you can save money. Loyalty to a specific company is fine, but it's not a good idea if that dedication is costing a considerable chunk of change every month. If you have a few minutes, now is a great time to compare prices and find cheaper car insurance in Elko.