The type of vehicle that is being insured is a large factor when comparing economical car insurance for drivers with a DUI. Vehicles with lower acceleration and performance, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than higher performance models. The list below features auto insurance rates for a selection of the cheaper automobiles to insure in Nevada.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$981|
|Honda CR-V LX 2WD||$1,016|
|Ford Escape XLS 2WD||$1,024|
|Ford Edge Limited 2WD||$1,108|
|Chevrolet Equinox LT AWD||$1,129|
|Toyota RAV4 Limited 4WD||$1,135|
|Dodge Grand Caravan CV||$1,167|
|Honda Odyssey EX W/Rear Entertainment||$1,182|
|Honda Civic DX 4-Dr Sedan||$1,191|
|Ford Focus S 4-Dr Sedan||$1,204|
|Chevrolet Impala LT||$1,211|
|Volkswagen Jetta 2.0T Station Wagon||$1,217|
|Toyota Tacoma Double Cab 4WD||$1,228|
|Ford Explorer Eddie Bauer AWD||$1,238|
|Chevrolet Malibu LT||$1,228|
|Ford F-150 FX4 Super Cab 4WD||$1,234|
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Price data assumes single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can modify premiums considerably.
Looking at the data, we can tell that makes and models like the Jeep Wrangler, Honda CR-V, Ford Escape, Toyota Prius, and Ford Edge will definitely be some of the cheaper vehicles to insure after getting a DUI. Auto insurance rates will trend higher because there is more claim risk for drivers with a DUI, but overall those models will have the best insurance prices that you'll find.
Buying low-priced car insurance is not most people's favorite thing to do, and figuring out which company has the lowest-priced car insurance rates for drivers with a DUI in Nevada calls for even more rate comparisons. Insurance prices could be quite a bit pricier than the state average attributed to the potentially higher risk that comes with selling insurance after getting a DUI, but competitively-priced coverage should be attainable if you compare enough companies.
Each insurer uses a slightly different approach to set their prices, so let's take a look at the car insurance companies that tend to be cheaper in Nevada. We do need to point out that Nevada car insurance rates are based on many factors that can increase the cost of your policy. Improving your credit score, filing a claim, or having an accident can trigger price changes that can now make some companies more expensive than before.
Best Cheap Insurance Rates after a DUI
Travelers normally has some of the cheapest car insurance rates in Nevada at around $930 annually. Allied, Capital, Progressive, and Oregon Mutual would also be considered some of the more affordable Nevada car insurance companies.
In the above example, if you currently have a policy with Allied and switched to Travelers, you could earn a yearly price reduction of about $19. Policyholders with Capital could save as much as $78 a year, and Progressive insureds might lower prices by $260 a year.
To get a quick, customized rate comparison, click here to get a free quote or click several companies below for low rates.
These estimates are averages across all drivers and vehicles and do not factor in a price increase for drivers with a DUI. So the car insurance company that has the lowest price for you may not even be in the top 20 companies in the list above. That points out the importance of why you need to get rate quotes using your own driver and vehicle profiles.
Price comparison of only insuring for liability
Finding the cheapest car insurance is important to the majority of vehicle owners, and an effective way to pay lower rates for insurance for drivers with a DUI in Nevada is to not buy full coverage. The example below shows the difference between insurance costs with and without full coverage. The rates are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are factored in.
As an overall average, physical damage coverage costs an extra $2,165 per year more than carrying just liability coverage. That is a large expense and it proposes the question if paying for full coverage is worth it. There is no specific rule of when to phase out physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's assume your vehicle's settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after paying your deductible. If premiums are more than $600 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where buying only liability insurance is not financially feasible. If you haven't satisfied your loan, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
The illustration below highlights how deductible choice can raise or lower insurance costs when searching for cheap insurance for drivers with a DUI in Nevada. The premiums are based on a single female driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower their policy premium by $332 a year by switching from a $100 deductible up to a $500 deductible, or save $500 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could possibly save as much as $848 each year by choosing a higher deductible.
If you do decide to increase your deductibles, it will be important to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
What aren't you shopping around?
Nevada car insurance rates are impacted by many things that can increase the price you have to pay. Simply getting older, moving to a different location, or getting a reckless driving citation can produce rate changes that may make certain companies more affordable than others. Not only may things change on your end, but insurers modify pricing multiple times each year in order to maintain liquidity for claims. Unexpectedly high claims may result in more expensive premiums, while profitable underwriting can result in lower-cost Nevada car insurance rates.
To help illustrate this point, the data below analyzes the cheapest car insurance in Nevada for a 40-year-old male driver with no violations or accidents, and a good credit history. Based on his current risk profile, Allied may have the lowest car insurance rates in Nevada at $911 per year. This is $663 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive also make the list of the cheapest Nevada auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim surcharge, a lower credit rating, and a couple of points charged on his driving record. Since each company has their own unique process to determine rates, comparing quotes may now result in a new list of cheap Nevada auto insurance companies as shown below.
Travelers now has the lowest price on auto insurance in Nevada with GEICO, Nationwide, USAA, and Capital now being in the top five. This example shows why Nevada drivers need to compare rates to find the most budget-friendly car insurance rates for drivers with a DUI. Insurance rates consist of many risk factors and can change substantially, so the most affordable company when you bought your policy may now be wasting a lot of money.