This would be a quick read if we could simply give you the name of the one Nevada auto insurance company that has the best insurance prices for used cars in Nevada. That is not the case, however, as there are many unknown factors such as how safe your vehicle is, if you are currently insured, and the area you live in. This article will cover the best ways to compare rates and should give you some help in finding cheaper rates.
For pre-owned vehicles, one of the more important criteria that help determine auto insurance rates is where you normally keep your vehicle in Nevada. Regions with larger populations or more claims like Winchester, Paradise, and Enterprise are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.
The following table rates the most expensive cities in Nevada for used cars to purchase a policy in.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,826|
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Price information shown is estimated as specific Nevada zip code can increase or decrease coverage prices noticeably.
Finding good, budget car insurance is challenging, and determining which company offers the cheapest car insurance rates for used cars in Nevada may require even more rate comparisons. Each insurer has a proprietary formula to establish 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 can increase the price of coverage. This price fluctuation is why it is critical to compare many different companies when trying to get the most affordable auto insurance quotes for used cars. Car insurance prices consist of many factors and can increase or decrease at any time, so the lowest-price company the last time you shopped your coverage around may now cost much more than other companies.
Find the Best Cheap Insurance for Used Cars
|Rank||Company||Cost Per Year|
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Allied offers some of the cheapest car insurance rates in Nevada at around $911 annually. Travelers, Capital, Oregon Mutual, and Progressive are also some of the cheaper Nevada car insurance companies.
As depicted above, if you currently have coverage with Oregon Mutual and switched to Allied, you could earn a yearly savings of in the vicinity of $247. Drivers with Progressive may save as much as $315 a year, and American Family insureds might cut rates by $319 a year.
These estimates are averages across all types of insureds and vehicles and and are not calculated with a price discount for used cars. So the auto insurance company that has the lowest price for you may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare prices as often as possible using your own driver data and vehicle information.
The vehicle model that needs insurance is probably the most important factor that determines whether or not you find the cheapest car insurance for used cars. Vehicles with average performance, modern passenger safety features, or low incidents of liability claims will cost significantly less to insure than high performance models.
The list below estimates coverage prices for some of the most economical automobiles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$660|
|Ford Edge SEL 2WD||$765|
|Honda CR-V EX-L 4WD||$773|
|Nissan Altima 2.5 4-Dr Sedan||$780|
|Chevrolet Malibu Hybrid||$787|
|Chevrolet Equinox LS AWD||$780|
|Toyota RAV4 Limited 4WD||$787|
|Chevrolet Impala LT||$780|
|Ford Escape Limited 2WD||$830|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$835|
|Toyota Corolla XRS||$841|
|Ford F-150 Lariat Crew Cab Harley 4WD||$852|
|Ford Focus S 4-Dr Sedan||$880|
|Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD||$892|
|Toyota Camry Hybrid||$894|
|Compare Rates Now Go|
Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific garaging location which can affect rates greatly.
Based upon the rates shown, vehicles like the Honda Accord, Ford Edge, Honda CR-V, Nissan Altima, and Chevrolet Malibu will definitely be some of the more affordable vehicles to insure for pre-owned vehicles.
Liability-only versus full coverage
Saving money on car insurance is important to most drivers, and one of the fastest ways to buy cheap insurance for used cars in Nevada is to only pay for liability coverage. The diagram below visualizes the comparison of insurance costs with full coverage compared to only the Nevada minimum liability coverage. The rates are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,297 per year over and above liability coverage. Lot's of drivers question if physical damage coverage is worth the money. There is no definitive guideline for eliminating physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
Nevada car insurance companies ranked
Ending up with the right car insurance company can be a challenge considering how many different companies sell coverage in Nevada. The information in the lists below could help you pick which auto insurance companies you want to consider buying from.
These ratings are only comprised of the largest companies in the United States, so companies that have a smaller presence are not included in these rankings. If you'd like to compare prices from the most competitive companies in Nevada, click here.
Top 10 Large Auto Insurers in Nevada Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Top 10 Large Auto Insurers in Nevada Ranked by A.M. Best Rating
- USAA - A++
- Travelers - A++
- GEICO - A++
- State Farm - A++
- The Hartford - A+
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Mercury Insurance - A+
- Titan Insurance - A+
The example below shows how choosing a deductible can affect insurance costs when searching for cheap insurance for used cars in Nevada. Data assumes a single female driver, full physical damage coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could pocket $332 a year by increasing from a $100 deductible to a $500 deductible, or save $500 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could potentially save up to $848 annually by choosing a higher deductible.
If you do raise deductibles, it will now be necessary to have plenty of money set aside to satisfy the extra out-of-pocket expense, which deters some people from using high deductibles.
Here's why you should shop around
Nevada car insurance rates are impacted by many factors which can significantly increase or decrease the cost of having a policy. Simply having another birthday, buying higher coverage limits, or getting a speeding ticket can cause premium changes that can cause some rates to be cheaper than competitors. Also, insurance companies change their prices as often as every quarter to adjust for unexpected claims or profits. A period of increased losses can cause higher priced premiums, while profitable underwriting can produce cheaper Nevada car insurance rates.
The data below shows the companies that have the cheapest car insurance in Nevada for a 40-year-old male driver with no accidents or violations, and a decent credit rating. Based on his personal profile, Allied may offer the best car insurance rates in Nevada at $921 each year. This is $653 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, American Family, and Oregon Mutual are the rest of the top five cheapest Nevada auto insurance companies.
The example below compares rates after we give the driver from the above example some claims, poor credit, and a couple of points charged on his driving record. Due to the fact that each insurance company has their own process to determining premium rates, comparing quotes may now show a significantly different list of companies as shown below.
GEICO now has the best price on car insurance in Nevada with Travelers, Nationwide, USAA, and Safeco also being competitive. This example demonstrates why it is important to do a thorough rate comparison to find affordable car insurance rates for used cars. Insurance prices are impacted by many things and change dramatically, so the most economical option six months ago may now be costing you a lot of money.