For drivers in Spanish Springs, one of the largest components that help determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Spanish Springs. More populated areas are more likely to pay higher prices, whereas more rural areas have the benefit of cheaper auto insurance prices.
The illustration below shows the priciest cities in Nevada to buy car insurance in. Spanish Springs comes in at #15 with the annual price of $1,229 for car insurance, which is approximately $102 each month.
|Rank||City||Average Per Year|
|6||North Las Vegas||$1,900|
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Premium amounts are comparative as the specific garaging location can modify coverage prices noticeably.
Since we know where Spanish Springs ranks compared to other Nevada cities, figuring out which insurers offer the lowest-priced auto insurance rates in Spanish Springs calls for a little more sweat than just comparing a company or two. Every insurance provider uses their own formula to set premium rates, so we need to take a look at the most affordable auto insurance companies in Spanish Springs.
It's important to understand that Spanish Springs auto insurance rates are impacted by many factors which can significantly increase or decrease the price of your policy. Turning one year older, having a teen driver, or getting a couple of tickets can trigger changes in premium resulting in some rates now being affordable when they were higher priced.
Best Cheap Insurance Rates in Spanish Springs
|Rank||Company||Cost Per Year|
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Allied may offer some of the most affordable car insurance rates in Spanish Springs at around $921 each year. Travelers, Capital, Oregon Mutual, and American Family are also some of the cheapest Spanish Springs, NV auto insurance companies.
As shown above, if you buy coverage from Oregon Mutual and switched to Allied, you could earn annual savings of about $237. Customers with American Family could save as much as $261 a year, and Progressive policyholders might lower prices by up to $305 a year.
Remember that these premiums are averages for all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location in Spanish Springs. So the car insurance company that is best for you may not even be in the top 20 companies in the list above. That is why you need to quote rates from many companies using your own driver and vehicle profiles.
The type of vehicle you are insuring is one of the largest considerations that determines whether or not you can buy the best cheap coverage in Spanish Springs. Vehicles with high performance engines, poor safety ratings, or a track record of large liability claims will cost more to insure than safer, lower-performance models. The list below presents auto insurance prices for some of the most budget-friendly automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,019|
|Ford Escape XLS 2WD||$1,112|
|Honda CR-V EX 2WD||$1,119|
|Ford Fusion S 4-Dr Sedan||$1,205|
|Chevrolet Equinox LS 2WD||$1,210|
|Toyota RAV4 Limited 4WD||$1,205|
|Ford Explorer Eddie Bauer 2WD||$1,248|
|Ford F-150 XL Super Cab 2WD||$1,267|
|Chevrolet Impala LTZ||$1,271|
|Nissan Rogue S AWD||$1,292|
|Jeep Grand Cherokee Limited 2WD||$1,294|
|Honda Odyssey Touring||$1,301|
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in garaging location in Spanish Springs, NV which can alter insurance rates greatly.
By looking at the data, makes and models like the Honda Accord, Ford Escape, Honda CR-V, Ford Fusion, and Chevrolet Equinox are most likely going to be the most economical vehicles to insure for drivers in Spanish Springs.
Full coverage rates compared to liability only
Paying less for auto insurance is the goal of most drivers, and one good way to find cheap insurance in Spanish Springs is to only buy liability coverage. The diagram below compares insurance costs with full coverage compared to only the Nevada minimum liability coverage. The premiums assume no tickets, no at-fault accidents, $250 deductibles, single status, and no other discounts are factored in.
If we average all the age groups together, comp and collision coverage costs $1,621 per year more than insuring for liability only. Many drivers may wonder if buying full coverage is worth the money. There is no specific rule that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
There are a few cases where eliminating full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.
How to get discounts on Spanish Springs insurance
Insurance companies that provide policies in Spanish Springs may have discounts that can reduce rates by as much as 25% or more if you meet specific eligibility requirements. Larger auto insurance companies and some of their more popular discounts include:
- State Farm may have discounts that include defensive driving training, Steer Clear safe driver discount, passive restraint, anti-theft, and good student.
- GEICO has savings for membership and employees, defensive driver, five-year accident-free, air bags, multi-policy, and multi-vehicle.
- Liberty Mutual may include discounts for exclusive group savings, hybrid vehicle, safety features, new graduate, and newly married.
- The Hartford has discounts for bundle, driver training, anti-theft, good student, vehicle fuel type, and air bag.
- MetLife offers discounts including defensive driver, good student, claim-free, good driver, multi-policy, accident-free
- Progressive policyholders can earn discounts including multi-policy, multi-vehicle, continuous coverage, online signing, and good student.
The chart below shows the comparison of premium costs with and without policy discounts. The rates are based on a female driver, no violations or accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple policy, marriage, accident-free, anti-theft, passive restraint, and claim-free discounts applied. With discounts applied, the average amount saved each year on auto insurance in Spanish Springs is 27% or $467.
The chart below demonstrates how deductible levels can raise or lower premium costs when trying to find cheap insurance in Spanish Springs. The premiums assume a married female driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $282 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $426 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could lower their rates up to $704 or more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will be necessary to have plenty of discretionary funds to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.