For using your car for business, one of the largest considerations that aid in calculating the annual cost of car insurance is where your car is garaged in Nevada. More densely populated places like Winchester, Sunrise Manor, and Las Vegas are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.
The information below rates the most expensive cities in Nevada for business use to purchase a policy in.
|7||North Las Vegas||$1,844|
|Start a Quote Go|
Table data uses comparative as specific Nevada zip code can change premium rates substantially.
Deciphering which company quotes the cheapest auto insurance rates for business use in Nevada may require a little more effort thank just comparing rates from one or two companies. Each auto insurance company uses a little different formula for determining rates, so let's rank the most budget-friendly auto insurance companies in Nevada.
It's a good idea to know that Nevada auto insurance rates are impacted by many factors which can substantially change the cost of having a policy. Simply getting older, buying a different home, or getting caught speeding may generate price changes that can make some companies more affordable than the competition.
Best Cheap Insurance Rates for Business Use
|Rank||Company||Cost Per Year|
|Get Personalized Rates Go|
Travelers generally has some of the cheapest car insurance rates in Nevada at around $903 each year. Allied, Capital, Progressive, and Oregon Mutual also are some of the cheapest Nevada insurance companies.
As shown in the table above, if you currently have coverage with Oregon Mutual and switched to Allied, you might realize annual savings of in the neighborhood of $282. Insureds with American Family could save as much as $283 a year, and GEICO insureds might reduce rates by $321 a year.
Bear in mind that those prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a rate increase for business use. So the car insurance company that has the cheapest price for you may not even be in the top 20 companies in the list above. That point stresses why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
The make and model of vehicle you are trying to insure is a large factor in finding the most affordable coverage for business use. Vehicles with higher performance characteristics, a lack of safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below outlines insurance costs for a selection of the most cost-effective automobiles to insure in Nevada.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$669|
|Honda CR-V LX 2WD||$678|
|Hyundai Elantra SE Touring Station Wagon||$727|
|Honda Accord LX-P 4-Dr Sedan||$730|
|Chevrolet Impala LS||$776|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$802|
|Honda Odyssey LX||$807|
|Dodge Grand Caravan Crew||$806|
|Ford F-150 XL Super Cab 4WD||$819|
|Ford Focus SES 4-Dr Sedan||$825|
|Toyota Tacoma X-Runner 2WD||$833|
|Ford Fusion SE 4-Dr Sedan||$848|
|Compare Cheap Rates Go|
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate information does not factor in specific garaging location which can change premium rates considerably.
By looking at the data, makes and models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Honda Accord are likely to be a few of the most budget-friendly vehicles to insure for using your car for business. The price of auto insurance will be more costly because of the fact that there is a higher risk for business use, but overall those particular vehicles will have the lowest insurance prices that you'll find.
The example below shows how choosing a deductible can affect premium costs when researching cheap insurance for business use in Nevada. The data assumes a married male driver, full coverage, and no discounts are applied.
As shown above, a 50-year-old driver could lower their policy premium by $256 a year by switching from a $100 deductible up to a $500 deductible, or save $388 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 category, can save $860 or more just by using higher deductibles. If you do raise deductibles, it will be required to have additional savings on hand to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Driving violations and accidents
A great way to find cheap auto insurance prices in Nevada for using your car for business is to be a careful driver and avoid getting tickets or having accidents. The information below highlights how traffic violations and at-fault collisions can affect insurance premiums for different ages of insureds. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
In the chart above, the average cost of a car insurance policy in Nevada per year with a clean driving record and no accidents is $1,297. Add in one speeding ticket and the average cost hikes up to $1,463, an increase of $166 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of auto insurance for business use in Nevada jumps again to an average of $3,028. That's an increase of $1,731, or $144 per month, just for not driving responsibly!
Why it's important to shop around
Nevada auto insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay. Improving your credit score, adding a teenager to your policy, or getting a DUI can trigger changes in premium that may make certain companies affordable when they were higher priced. And not only may your rating factors change, but insurers file new Nevada car insurance rates as needed in order to maintain liquidity for claims. Higher than normal claims can cause increased policy costs, while lower claim levels may result in lower-cost Nevada car insurance rates.
To illustrate this example, the bar chart below compares the cheapest car insurance in Nevada for a 40-year-old female driver with no prior claims, no tickets, and solid credit. If we estimate prices based on her current situation, Allied might quote the most affordable car insurance rates in Nevada at $939 per year. This is $635 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are also included in the best Nevada auto insurance companies.
In this example, we will give the driver from above a claim or two, a lower credit rating, and a couple of points charged on her driving record. Since each auto insurance company has their own guidelines for establishing rates, getting updated rate quotes will most likely result in a different ranking of cheap Nevada auto insurance companies as shown below.
GEICO now has the best auto insurance rate in Nevada with Travelers, USAA, Nationwide, and Safeco now rounding out the top five. This illustrates why consumers need to take the time to compare lots of rates when trying to find the most economical insurance quotes for business use. Prices are calculated by many different factors and change substantially, so the most affordable company two years ago may now be one of the more expensive options.
How to find more affordable insurance for business use in Nevada
It's not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help you quote more affordable car insurance.
- Increase your physical damage deductibles
- Too many claims can make car insurance unaffordable
- Insure your home and auto with the same company
- Improve your credit rating
- Full coverage may not be needed on older vehicles
- Drive a car with a high safety rating
- Compare quotes from other companies often
That last piece of advice is particularly important, as we hit on in this write-up. Insurance rates vary greatly, so don't be hesitant to switch to a new company if a cheaper price is available.
Staying with the same car insurance company is fine, but it's not a good idea if that stubbornness costs you hundreds of dollars year after year. Take a few minutes and compare rates to find cheaper insurance for business use.