The vehicle model you are seeking coverage for is one of the largest considerations that determines whether or not you find low-priced coverage for felons. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than high performance models. The next list illustrates insurance prices for a selection of the most cost-effective automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$747|
|Toyota Tacoma 4WD||$749|
|Ford Escape XLT 4WD||$776|
|Jeep Wrangler Sport 4WD 2-Dr||$789|
|GMC Sierra SLE Crew Cab 2WD||$791|
|Ford F-150 Lariat Crew Cab 4WD||$806|
|Dodge Grand Caravan CV||$819|
|Jeep Grand Cherokee Limited 2WD||$848|
|Ford Edge SEL 2WD||$850|
|Kia Optima LX||$860|
|Ford Explorer Eddie Bauer 2WD||$852|
|Toyota RAV4 Limited 4WD||$867|
|Volkswagen Jetta S 4-Dr Sedan||$892|
|Chevrolet Impala LT||$899|
|Chevrolet Malibu Hybrid||$892|
|Chevrolet Equinox LT AWD||$897|
|Hyundai Elantra Blue 4-Dr Sedan||$915|
|Ford Focus SES 4-Dr Sedan||$922|
|Chevrolet Silverado LT Regular Cab||$928|
|Nissan Rogue S 2WD||$933|
|Honda Odyssey EX-L W/Rear Entertainment||$935|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$950|
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Data variables include 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, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can alter coverage rates considerably.
By looking at the data, we can assume that vehicles like the Honda CR-V, Toyota Tacoma, and Ford Escape will be the most affordable vehicles to insure for felons.
Deciding which companies have the lowest-priced car insurance rates for felons in Nevada takes more time than just comparing a company or two. Each insurance company has their own process to determine premium rates, so let's take a look at the most affordable car insurance companies in Nevada.
It's important that readers know that Nevada car insurance rates are impacted by many things that may substantially change the cost of coverage. Turning one year older, getting married, or having a fender bender can trigger price changes that can cause some rates to be cheaper than competitors.
Cheapest Insurance Rates for Felons
|Rank||Company||Cost Per Year|
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Travelers generally has some of the best car insurance rates in Nevada at around $912 a year. Allied, Capital, Oregon Mutual, and Progressive would also be considered some of the most economical Nevada auto insurance companies.
As shown in the rates above, if you currently buy coverage from Oregon Mutual and switched to Travelers, you could realize yearly savings of around $235. Customers with Progressive may save as much as $278 a year, and American Family policyholders might see rate reductions of $318 a year.
These premium estimates are averages for all ages of drivers and types of vehicles and do not factor in a price decrease for felons. So the car insurance company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to get quotes using your own individual information.
Choosing the best car insurance provider can be a challenge considering how many companies are available to choose from in Nevada. The rank data below can help you select which coverage providers to look at when buying insurance for felons. These ratings only include large insurance companies, so companies that focus mainly on Nevada business are not factored into the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage versus liability-only in Nevada
Saving money on car insurance is the goal of most vehicle owners, and an easy way to lower the cost of insurance for felons in Nevada is to not insure for full coverage. The information below illustrates the difference between premium costs when comparing full coverage to liability only. Data assumes no claims or violations, $1,000 deductibles, marital status is single, and no discounts are factored in.
Averaged for all age groups, physical damage insurance costs $1,297 per year over having just liability coverage. That is a large expense which might make you wonder when is the right time to remove full coverage. There isn't a written rule to delete physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's assume your vehicle's claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the policy deductible has been paid. If premium cost is more than $500 annually for physical damage coverage, then it could be time to drop full coverage.
The illustration below illustrates how your choice of deductibles can influence insurance prices when researching cheap insurance for felons in Nevada. The premiums assume a single female driver, full physical damage coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could save $280 a year by changing from a $100 deductible to a $500 deductible, or save $424 by choosing a $1,000 deductible. Youthful drivers, such as the Age 20 example, could potentially save as much as $620 or more by using a higher deductible.
When raising deductibles, it is important to have additional funds in a savings account to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Low rates today, overpriced tomorrow
Nevada car insurance rates are impacted by many things which can significantly increase or decrease the cost of a policy. Simply improving your credit, having a claim, or having an at-fault accident may prompt premium changes that can now make some companies more affordable than before.
Not only may things change on your end, but car insurance companies amend pricing without warning in order to remain profitable. Heavy losses may result in additional price hikes, while long-term profits can result in lower-cost Nevada car insurance rates.
As an example, the data below compares the cheapest car insurance in Nevada for a 30-year-old female driver with no prior claims, no tickets, and a high credit rating. When quoting prices based on her current rating profile, Travelers might offer the cheapest car insurance rates in Nevada at $912 annually. This is $662 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and GEICO are also included in the cheapest Nevada auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a speeding citation. Due to the fact that every auto insurer has their own formula for setting rates, comparing quotes may now result in a slightly different list of affordable companies as shown below.
Progressive now has the best car insurance rate in Nevada with Allied, Nationwide, USAA, and Safeco now being in the top five. This shows why consumers need to compare many different companies to find the most budget-friendly car insurance rates for felons.
Prices can be altered by many different factors and change frequently, so the cheapest rate when you bought your policy may now be one of the more expensive options.