For drivers in Fallon, one of the more important factors that determine insurance cost is where you choose to live in Fallon. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.

The illustration below ranks the most expensive areas in Nevada to buy auto insurance in. Fallon makes the list at #22 with the yearly price of $1,075 for the average policy, which is approximately $90 per month.

How much does car insurance cost in Fallon, NV?
Rank City Premium Per Year
1 Winchester $2,180
2 Sunrise Manor $2,069
3 Paradise $2,061
4 Spring Valley $2,040
5 Las Vegas $1,949
6 Enterprise $1,870
7 North Las Vegas $1,844
8 Henderson $1,749
9 Boulder City $1,541
10 Pahrump $1,337
11 Mesquite $1,325
12 Sun Valley $1,266
13 Sparks $1,265
14 Reno $1,256
15 Spanish Springs $1,216
16 Carson City $1,170
17 Gardnerville Ranchos $1,150
18 Fernley $1,149
19 Dayton $1,130
20 Elko $1,092
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Rate quotes are comparative as the specific area where the vehicle is garaged can impact insurance rates noticeably.

Now that we know where Fallon ranks for car insurance prices, finding decent, low-cost insurance is not always easy, and finding out which company has the best insurance rates in Fallon calls for even more rate comparisons.

Each company has a different formula for determining rates, so let's begin by taking a look at the most competitive insurance companies in Fallon.

Lowest Insurance Price Quotes in Fallon

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Rankings for the cheapest Nevada auto insurance companies
Rank Company Cost Per Year
1 Travelers $930
2 Allied $949
3 Capital $988
4 Oregon Mutual $1,147
5 GEICO $1,219
6 Progressive $1,226
7 American Family $1,230
8 Nationwide $1,295
9 USAA $1,297
10 Safeco $1,306
11 Farmers $1,482
12 MetLife $1,567
13 Country $1,619
14 State Farm $1,681
15 Mercury $1,807
16 Victoria $2,073
17 Liberty Mutual $2,227
18 Bristol West $2,313
19 Allstate $2,314
20 Encompass $2,604
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Travelers generally has some of the most affordable car insurance rates in Fallon at around $930 per year. Allied, Capital, Oregon Mutual, and GEICO also make the cut as some of the best Fallon, NV auto insurance companies.

In the above example, if you currently have a policy with GEICO and switched to Allied, you might achieve savings of roughly $270. Drivers with Progressive may save as much as $277 a year, and American Family policyholders might reduce rates by $281 a year.

It's important to note that these estimates are averaged for all types of insureds and vehicles and are not factoring in an exact location in Fallon. So the insurer that fits your situation best may not even be in the list above. That's why you need to compare rates from as many companies as possible using your own individual information.

The car, truck, or SUV you are buying coverage for is probably the biggest factor when trying to find low-priced auto insurance in Fallon. Vehicles with high performance, poor safety features, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models. The list below illustrates car insurance rates for some of the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure in Fallon, NV
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $788
Volkswagen Jetta S 2.5 Station Wagon $856
Hyundai Elantra GLS Touring Station Wagon $860
Toyota Prius $872
Ford Escape XLS 4WD $888
Honda Accord LX-P 4-Dr Sedan $895
Nissan Altima 2.5 4-Dr Sedan $934
Chevrolet Impala LT $941
Chevrolet Equinox LS 2WD $934
Dodge Grand Caravan SXT $950
Ford Explorer Eddie Bauer 2WD $964
Ford Edge SE 2WD $978
Kia Optima LX $1,000
Ford F-150 Lariat Crew Cab Platinum 2WD $1,005
Chevrolet Silverado LS Crew Cab 4WD $1,000
Toyota Tacoma 2WD $1,028
Toyota RAV4 Limited 2WD $1,052
Ford Focus SEL 4-Dr Sedan $1,056
Honda Odyssey EX-L $1,076
Dodge Ram Crew Cab Sport 4WD $1,084
Dodge Ram 3500 Crew Cab Laramie 2WD $1,086
Nissan Rogue SL 2WD $1,090
Ford Fusion Sport 4-Dr Sedan $1,096
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates significantly.

Based upon the table data, you can see that models like the Honda CR-V, Volkswagen Jetta, Hyundai Elantra, Toyota Prius, and Ford Escape are most likely going to be the most economical vehicles to insure for drivers in Fallon.

Price comparison of only insuring for liability

Lowering the price of car insurance is important to the majority of vehicle owners, and a good way to save on the cost of insurance in Fallon is to not buy full coverage. The example below shows the difference between insurance costs with and without physical damage coverage. The data assumes no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are applied.

As an average for all age groups, physical damage coverage costs $2,203 per year over and above liability coverage. That may make you wonder if physical damage coverage is worth the money. There isn't a steadfast formula that is best for determining when to drop physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let's assume your vehicle's settlement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $9,000 after the deductible is paid. If you are paying over $900 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where buying only liability insurance is not a good plan. If you haven't paid off your loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

The diagram below shows how choosing a deductible can impact insurance rates when trying to find cheap insurance in Fallon. The prices are based on a married female driver, comp and collision included, and no policy discounts are applied.

In the chart above, a 40-year-old driver could pocket $210 a year by increasing from a $100 deductible up to a $500 deductible, or save $318 by choosing a $1,000 deductible. Younger drivers, like the Age 20 chart data, could lower their rates as much as $522 annually by using higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it is a good idea to have enough savings set aside to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Discount Fallon car insurance rates

Car insurance companies that offer coverage in Fallon may also give you price discounts that could potentially reduce rates by as much as 40% or more if you meet the requirements. Companies and some of the discounts are included below.

The example below shows the comparison of premium costs with and without discounts. The premiums assume a female driver, no violations or accidents, Nevada state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, vehicle safety, accident-free, marriage, passive restraint, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance in Fallon is 28% or $343.

A good deal can quickly turn bad

Fallon car insurance rates are impacted by many things that will increase or decrease the price you have to pay for coverage. Improving your credit score, buying another vehicle, or having an at-fault accident can trigger changes in premium that can now make some companies affordable when they were higher priced.

Also, companies change the rates they charge in Nevada as needed in order to maintain liquidity for claims. Higher than normal claims may result in a rate increase, while lower claims can result in more affordable Fallon car insurance rates.

As an example, the bar chart below compares the cheapest car insurance in Fallon, NV for a 45-year-old male driver with a clear driving record, no claims, and good credit. When comparing rates based on his current situation, Travelers may offer the cheapest car insurance rates in Fallon at $903 a year. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remainder of the top five cheapest Fallon, NV auto insurance companies.

Now we will give the driver in the first chart a chargeable claim, bad credit, and a stop sign violation. Due to the fact that every insurance company has a proprietary formula to determining premium rates, comparing rates will most likely result in a different ranking of affordable companies as shown below.

Progressive now has the best car insurance rate in Fallon with Nationwide, USAA, Safeco, and Capital now being in the top five. This demonstrates why it is so important to compare many different companies to get affordable insurance rates in Fallon.

Insurance rates can be determined by many things and can decrease or increase without notice, so the cheapest company a year ago may now be costing you a lot of money.

Ideas to find budget-friendly insurance in Fallon

It's not impossible to find cheaper rates, and here are some of the recommended money-saving ideas that can help Fallon drivers locate more affordable coverage.

The last idea is remarkably necessary, as we emphasized in this article. Insurance prices change a lot, so don't hesitate to change to a new company if a better rate can be found. Many consumers stick with the same company and that's fine, but we do not recommend it if that inflexibility results in costing you hundreds of dollars year after year. In just a couple of minutes you could compare rates to find cheaper insurance in Fallon.