In a perfect world, we could simply give you the name of the one auto insurance company that has the most affordable insurance for drivers over age 70 in Nevada. Unfortunately, it's not that simple as there are a whole bunch of unknown elements such as the vehicle you are insuring, whether or not you are currently insured, the amount of liability coverage you want, and what deductibles to use for physical damage coverage, that all impact the price you pay. We know insurance is not everyone's favorite topic, but in this article we will cover the best ways to compare rates and also should give you a good start in finding the cheapest car insurance for age 70+.
The type of vehicle you are seeking coverage for is a large factor when consumers are trying to find the best car insurance for drivers over age 70. Vehicles with reasonable performance levels, good safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The next list ranks auto insurance costs for a number of the most economical vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$808|
|Ford Escape XLS 4WD||$818|
|Honda CR-V LX 4WD||$808|
|Hyundai Elantra SE Touring Station Wagon||$870|
|Dodge Grand Caravan SE||$905|
|Honda Odyssey EX||$946|
|Ford Edge Limited 2WD||$955|
|Toyota RAV4 4WD||$957|
|Chevrolet Equinox LS AWD||$966|
|Toyota Tacoma Double Cab 4WD||$957|
|Toyota Camry LE||$965|
|Ford Fusion S 4-Dr Sedan||$957|
|Volkswagen Jetta S 4-Dr Sedan||$966|
|Ford Explorer Limited 2WD||$970|
|Chevrolet Malibu LT||$980|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$999|
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Table data assumes single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in specific location which can lower or raise premiums considerably.
Looking at the rates, you can presume that models like the Honda Accord, Ford Escape, and Honda CR-V should be the most economical vehicles to insure for older drivers. The price for car insurance will be more costly just due to the fact that there is more claim exposure for drivers over age 70, but in general those particular vehicles will tend to have the cheapest auto insurance rates compared to other vehicles.
Finding low-cost insurance is not always easy, and determining which companies have the best auto insurance rates for drivers over age 70 in Nevada will involve more quotes for comparison. Policy prices will most likely be moderately greater than the average price in Nevada attributed to the higher likelihood of claims that comes with offering coverage for older drivers, but economical coverage should be possible with some perseverence. Each insurer has a unique approach for filing rates in each state, so let's rank the most affordable auto insurance companies in Nevada.
Cheapest Insurance Rates for Age 70+
|Rank||Company||Cost Per Year|
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Allied quotes some of the most affordable car insurance rates in Nevada at around $911 each year. Travelers, Capital, Oregon Mutual, and American Family also rank well as some of the lowest-priced Nevada insurance companies.
As shown above, if you are insured with Travelers and switched to Allied, you might achieve a yearly savings of around $28. Insureds with Capital could save as much as $67 a year, and Oregon Mutual insureds might lower prices by up to $282 a year.
To find out how much you can save, click here to get a free quote or click through to the companies below.
Remember that these premium estimates are averaged across all ages of drivers and types of vehicles and are not factoring in a price increase for drivers over age 70. So the insurer that can offer you the lowest price may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.
For older drivers, one of the more important components that aid in calculating auto insurance rates is where you choose to live in Nevada. Areas with more people or more claims like Winchester, Paradise, and Enterprise tend to have higher rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The illustration below shows the priciest cities in Nevada for drivers over age 70 in which to purchase auto insurance.
|7||North Las Vegas||$1,826|
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Annual rates are approximated as specific Nevada garaging address can lower or raise coverage rates greatly.
Discounts on Nevada car insurance
Insurance providers that sell policies for drivers over age 70 may also offer rate discounts that could reduce prices by as much as 25% or more if you can meet the requirements. The best auto insurance companies and a summarized list of policyholder discounts are shown below.
- Farm Bureau discounts include youthful driver, 55 and retired, driver training, renewal discount, safe driver, and multi-vehicle.
- State Farm has savings for accident-free, good driver, Drive Safe & Save, defensive driving training, and multiple policy.
- Progressive has discounts for homeowner, continuous coverage, multi-vehicle, good student, multi-policy, online quote discount, and online signing.
- Allstate may have discounts that include teenSMART discount, EZ pay plan discount, defensive driver, resident student, senior citizen, and anti-theft.
- Nationwide offers discounts for multi-policy, good student, easy pay, accident-free, business or organization, and family plan.
- MetLife may include discounts for accident-free, defensive driver, good driver, claim-free, good student, multi-policy
The illustration below shows the difference between annual premium costs with and without discounts applied to the policy premium. The information is based on a female driver, no accidents or driving violations, Nevada state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with accident-free, multiple vehicle, homeowner, multiple policy, claim-free, and anti-theft discounts applied. When taking advantage of discounts, theaverage amount saved on auto insurance for drivers over age 70 is 27% or $424.
Auto insurance rates are higher with tickets and accidents
A great way to snag the best auto insurance rates in Nevada for older drivers is to pay attention while driving and avoid accidents and violations. The example below shows how speeding tickets and accident claims influence car insurance costs for different age groups. Data assumes a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The data above shows the average cost of an auto insurance policy in Nevada per year with no violations or accidents is $1,679. Receive one speeding ticket and the average cost rises to $1,931, an increase of $252 each year. Now get one accident along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 70 in Nevada jumps again to an average of $2,632. That's an increase of $953, or $79 per month, just for a couple of infractions!
Don't stick with an overpriced policy
Nevada auto insurance rates are influenced by many factors that can increase the price of coverage. Getting older, getting divorced, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being more affordable than competitors.
Not only may things change on your end, but auto insurance companies amend premium rates multiple times each year to adjust for gains or losses. An extended period of higher than normal claims may cause price increases, while a better loss history may result in cheaper Nevada car insurance rates.
For instance, the data below compares the cheapest car insurance in Nevada for a 45-year-old male driver with a clear driving record, no claims, and a good credit rating. When comparing rates based on his current risk factors, Allied might quote the lowest car insurance rates in Nevada at $911 annually. This is $663 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family round out the rest of the best Nevada auto insurance companies.
Now we will pretend the driver from the first rate comparison a claim, slightly worse credit, and a speeding ticket. Since every car insurance company has a proprietary method for setting prices, comparing rates may now present a new list of companies as shown below.
GEICO now has the best car insurance rate in Nevada with Travelers, USAA, Nationwide, and Safeco also having competitive pricing. This example shows why it is critical to compare as many rates as possible to find the cheapest insurance quotes for drivers over age 70. Prices can be determined by many different factors and can decrease or increase without notice, so the most economical company when you bought your policy may now be wasting a lot of money.