The words "low-priced" and "insurance" really should not be used together, especially when you are looking for the cheapest car insurance for state employees. To save some money, let's start the ball rolling by going over some of the factors that have an effect on insurance premiums, and come up with some ways to cut the cost of your next policy.
Shopping around for low-cost auto insurance is challenging, and determining which insurers offer the cheapest car insurance rates for state employees in Nevada requires even more rate comparisons. Each auto insurer has a different formula for determining rates, so let's take a look at the overall cheapest car insurance companies in Nevada.
It's a good idea to be aware that Nevada car insurance rates are calculated based on many things that may substantially change the cost of having a policy. Price variation is why Nevada drivers need to shop around to find the most affordable auto insurance rates for state employees. Rates are determined by many risk factors and change dramatically, so the best company the last time you shopped your coverage around may now cost much more than other companies.
Cheapest Insurance Rates in Nevada
Travelers offers some of the lowest car insurance rates in Nevada at around $930 annually. Allied, Capital, Oregon Mutual, and Progressive are also some of the most economical Nevada insurance companies.
As shown in the table above, if you have coverage with Oregon Mutual and switched to Allied, you may realize annual savings of in the vicinity of $209. Insureds with Progressive might save as much as $253 a year, and American Family insureds might cut rates by $281 a year.
If you want to find out if you're overpaying, click here to start your custom quote or visit several of the following companies.
Understand that those premiums are averages for all types of drivers and the different vehicles they drive and and are not figured with a rate discount for state employees. So the company that is best for you may not even be in the top 20 companies shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
The vehicle on the policy is probably the largest consideration that determines whether or not you find the most economical auto insurance for state employees. Vehicles with average performance, excellent safety ratings, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The data below showcases insurance premiums for a number of the most cost-effective vehicles to insure in Nevada.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$669|
|Honda CR-V EX 2WD||$678|
|Dodge Grand Caravan SE||$749|
|Toyota Tacoma 2WD||$776|
|Chevrolet Impala LS||$781|
|Volkswagen Jetta SE 2.5 Station Wagon||$784|
|Chevrolet Malibu LS||$791|
|Hyundai Elantra Blue 4-Dr Sedan||$819|
|Honda Odyssey EX-L||$833|
|Nissan Altima 3.5 SR 4-Dr Sedan||$848|
|Nissan Rogue S 2WD||$850|
|Toyota RAV4 2WD||$867|
|Compare Rates Now Go|
Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in garaging location in Nevada which can modify premiums considerably.
Looking at the rates, we can tell that vehicles like the Ford Escape, Honda CR-V, and Dodge Grand Caravan are going to be a few of the cheapest vehicles to insure for state workers.
The information below illustrates how your choice of deductibles can raise or lower premium costs when quoting cheap insurance for state employees in Nevada. The rates are based on a married female driver, full physical damage coverage, and no policy discounts are applied.
In the chart above, a 50-year-old driver could reduce rates by $292 a year by increasing from a $100 deductible to a $500 deductible, or save $442 by using a $1,000 deductible. Younger drivers, like the age 20 example, can cut up to $728 every year by choosing larger deductibles on their policy. When choosing a higher deductible, it will be important to have additional savings on hand to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Cost difference between full coverage and liability
Saving money on car insurance is probably important to most people, and one common way to pay less for insurance for state employees in Nevada is to not insure for full coverage. The illustration below shows the difference between car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The premiums are based on no violations or accidents, $100 deductibles, single status, and no discounts are applied to the premium.
Averaged out for all age groups, full coverage costs an additional $2,368 per year more than carrying just liability coverage. That touches on the question if full coverage is worth the money. There is no exact formula to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's assume your vehicle's settlement value is $11,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $10,500 after you pay the deductible. If premiums are more than $1,050 annually for full coverage, then it's probably a good time to buy liability coverage only.
Here's why you should shop around
Nevada car insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay for coverage. Simply having a birthday, buying higher coverage limits, or getting caught speeding may cause policy rate changes resulting in some rates now being much cheaper than others.
Not only may things change on your end, but insurers change their prices without warning to reflect underwriting profits or losses. An extended period of higher than normal claims can cause increased policy costs, while lower claims can produce cheaper Nevada car insurance rates.
For instance, the bar chart below shows which company has the cheapest car insurance in Nevada for a 30-year-old female driver with a clean driving record, no accidents, and a good credit rating. Based on her current rating profile, Allied might quote the best car insurance rates in Nevada at $939 each year. This is $635 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are the rest of the top five cheapest Nevada auto insurance companies.
Now let's give the driver from the above example a couple of claims, a lower credit score, and an imperfect driving record. Due to the fact that every insurance company has a different process for establishing rates, analyzing rate quotes most likely will result in a significantly different list of affordable companies as shown below.
GEICO now has the cheapest insurance rate in Nevada with Travelers, USAA, Nationwide, and Safeco also being competitive. This illustrates why it is crucial to perform an extensive rate comparison when trying to get the best car insurance quotes for state employees. Insurance prices are impacted by many risk factors and change substantially, so the cheapest rate two years ago may now be one of the more expensive options.
Tips to find low-cost auto insurance for state employees in Nevada
The list below details many penny-pinching ideas that can help you buy more affordable coverage.
- Don't have frequent claims
- The safer your car, the less it costs to insure
- Home or renters coverage can save on auto insurance
- Do not get into accidents
- Violations and traffic tickets increase rates
- Compare prices as often as possible
The last suggestion is highly valuable, as was pointed out in the article above. Prices charged by companies vary considerably, so drivers shouldn't hesitate to buy a different policy if you find a cheaper price.
Brand loyalty is great, but it's not a great idea if that stubbornness costs you potentially thousands of dollars a year. In just a couple of minutes you could shop around and find cheaper car insurance for state employees.