One of the many criteria that determine the annual cost of car insurance is where your car is garaged in Fernley. Larger areas tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The information below lists the most expensive cities in Nevada in which to buy car insurance. Fernley shows up at #20 with an annual rate of $1,115 for coverage, which is around $93 monthly.
|Rank||City||Average Per Year|
|5||North Las Vegas||$1,882|
|Find the Best Rates Go|
Rate information is estimated as specific Fernley garaging address can alter auto insurance rates significantly.
Since we know where Fernley ranks for car insurance prices, deciphering which insurers offer the cheapest insurance rates in Fernley will require a little more sweat in order to find the best price. Each insurer used slightly different criteria for setting rates, so we'll take a look at the insurance companies with the overall best prices in Fernley, NV.
Keep in mind that Nevada insurance rates are impacted by many things that may substantially change the cost of a policy. Simply having another birthday, buying higher coverage limits, or getting into an accident can trigger changes in premium that can cause some rates to be cheaper in comparison to the competition.
Compare Cheap Insurance Quotes in Fernley
|Rank||Company||Cost Per Year|
|Find Your Rate Go|
Travelers generally has some of the best car insurance rates in Fernley at around $903 each year. This is $671 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also make the list of some of the lowest-priced Fernley, NV auto insurance companies.
In the rate table above, if you currently have coverage with Oregon Mutual and switched to Travelers, you might see a yearly savings of in the neighborhood of $244. Policyholders with American Family might save as much as $279 a year, and Progressive insureds might lower prices by up to $287 a year.
Bear in mind that those rates are averages for all drivers and vehicles in Nevada and and are not figured with a specific zip code in Fernley. So the company that is best for you may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own individual information.
The vehicle model requiring insurance is a significant factor that determines if you can find the cheapest insurance in Fernley. Vehicles with lots of horsepower, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer models.
The next list estimates car insurance premiums for some of the most economical vehicles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$974|
|Honda CR-V EX-L 4WD||$997|
|Honda Accord EX 4-Dr Sedan||$1,006|
|Chevrolet Impala LS||$1,035|
|Ford Focus SE 4-Dr Sedan||$1,041|
|Ford Escape Limited 4WD||$1,061|
|Toyota Tacoma Double Cab 4WD||$1,074|
|Ford F-150 XL Regular Cab 4WD||$1,088|
|Ford Explorer XLT 4WD||$1,096|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,108|
|Ford Edge Sport 2WD||$1,112|
|Honda Odyssey EX W/Rear Entertainment||$1,129|
|Honda Civic Hybrid 4-Dr Sedan||$1,131|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,137|
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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, claim-free, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in zip code location which can increase or decrease rates significantly.
By looking at the data, you can expect vehicles like the Hyundai Elantra, Toyota Prius, Honda CR-V, and Honda Accord are most likely to be some of the cheaper vehicles to insure for drivers in Fernley.
Liability only or full coverage
Saving on car insurance is the goal of the majority of drivers, and an easy way to lower the cost of insurance in Fernley is to only pay for liability coverage. The diagram below compares auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims, a clean driving record, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
As an overall average, comp and collision coverage costs $1,621 per year more than insuring for liability only. Many drivers will wonder when is the right time to remove full coverage. There is no exact formula to delete physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
There are some scenarios where dropping physical damage coverage is not a good plan. If you haven't paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Get discount Fernley insurance
Insurance companies that provide policies in Fernley may have discounts that could potentially reduce rates by as much as 25% or more if you qualify. The best car insurance companies and a partial list of their discounts are shown below.
- State Farm offers discounts including Steer Clear safe driver discount, anti-theft, accident-free, student away at school, and Drive Safe & Save.
- Farmers Insurance may include discounts for good student, youthful driver, multi-car, early shopping, distant student, and bundle discounts.
- Progressive discounts include multi-policy, continuous coverage, multi-vehicle, homeowner, online signing, and good student.
- GEICO has discounts for military active duty, federal employee, daytime running lights, good student, seat belt use, anti-lock brakes, and five-year accident-free.
- Auto-Owners Insurance may offer discounts for company car, anti-theft, paperless, anti-lock brakes, mature driver, safe driver, and multi-policy.
- The Hartford has savings for anti-theft, bundle, defensive driver, air bag, good student, and driver training.
- Farm Bureau policyholders can earn discounts including driver training, 55 and retired, youthful driver, renewal discount, and good student.
- USAA offers discounts for vehicle storage, annual mileage, multi-policy, military installation, and loyalty savings.
The information below visualizes the comparison of insurance prices with and without discounts applied to the premium. The price estimates are based on a male driver, no claims or driving citations, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, safe-driver, marriage, multiple policy, vehicle safety, and homeowner discounts applied. When discounts are factored in, the the average amount saved on car insurance in Fernley is 27% or $446.
The information below demonstrates how choosing different deductibles can change insurance prices when searching for cheap insurance in Fernley. The data is based on a married male driver, full coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could lower their car insurance rates by $320 a year by changing from a $100 deductible to a $500 deductible, or save $482 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, can cut as much as $978 each year by using a higher deductible.
When choosing a higher deductible, it's a good idea to have emergency funds available to allow you to pay the extra out-of-pocket expense associated with higher deductibles.