Figuring out which company quotes the cheapest car insurance rates for 20 year old women in Nevada takes more time thank just comparing rates from one or two companies.
Every car insurance company used slightly different criteria for determining rates, so we will examine the lowest cost car insurance companies in Nevada. It's important that readers know that Nevada car insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Simply turning a year older, filing a claim, or getting caught speeding may generate price changes that can cause some rates to be much cheaper than others.
Best Insurance Companies for Women Age 20
Allied normally has some of the best car insurance rates in Nevada at around $911 annually. Travelers, Capital, Oregon Mutual, and Progressive are also some of the most economical Nevada insurance companies.
As illustrated above, if you buy coverage from Oregon Mutual and switched to Travelers, you may realize savings of upwards of $217. Policyholders with Progressive may save as much as $260 a year, and American Family policyholders might cut rates by $264 a year.
To see if your current coverage is too expensive, click here to start a quote or click several companies below for low rates.
These premiums are averaged for all ages of drivers and types of vehicles and do not factor in a rate increase for 20 year old women. So the auto insurance company that can offer you the best price may not even be in the top 20 companies in the list above. That emphasizes why you need to get rate quotes using your own driver data and vehicle information.
The make and model of vehicle that needs insurance is a large consideration that determines the availability of low-cost coverage for 20 year old women. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost significantly less to insure than high performance models. The table below showcases coverage costs for a number of the most budget-friendly automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,453|
|Honda Accord LX-P 4-Dr Sedan||$1,461|
|Hyundai Elantra SE Touring Station Wagon||$1,567|
|Ford Escape Limited 4WD||$1,572|
|Dodge Grand Caravan SE||$1,630|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,684|
|Ford Edge SEL AWD||$1,700|
|Chevrolet Equinox LT AWD||$1,722|
|Toyota RAV4 2WD||$1,728|
|Chevrolet Malibu Hybrid||$1,722|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,744|
|Toyota Tacoma Double Cab 4WD||$1,754|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,744|
|Ford Explorer Limited 2WD||$1,749|
|Ford Focus SES 4-Dr Sedan||$1,794|
|Chevrolet Impala LTZ||$1,816|
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Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in zip code location which can decrease or increase premiums considerably.
Looking at the data, you can infer that models like the Honda CR-V, Honda Accord, Hyundai Elantra, Ford Escape, and Toyota Prius will definitely be a few of the cheaper vehicles to insure for young women. Auto insurance rates will tend to be more expensive because there is more inherent risk for 20 year old women, but in general those vehicles will tend to have the least expensive rates that you'll find.
One of the many factors that are looked at to determine insurance cost is where you normally keep your vehicle in Nevada. Areas with more people or even just a higher incidence of claims like Winchester, Paradise, and North Las Vegas likely pay more, whereas less populated areas receive better rates.
The information below lists the highest-priced areas in Nevada for 20 year old women to buy car insurance in.
|Rank||City||Average Per Year|
|5||North Las Vegas||$1,900|
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Rate information is approximated as the specific geographic location can impact premiums significantly.
Full coverage versus liability-only in Nevada
Lowering the price of car insurance is probably important to most vehicle owners, and one of the easiest ways to pay lower rates for insurance for 20 year old women in Nevada is to buy only liability coverage. The diagram below illustrates the difference between yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The price estimates are based on no violations or claims, $100 deductibles, single status, and no other discounts are factored in.
As an overall average, full coverage costs an extra $1,969 per year over and above liability only. That is a significant amount which raises the question if buying full coverage is worth the money. There is no definitive formula of when to stop paying for full coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let's assume your vehicle's book value is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $3,500 after paying your deductible. If it's costing you more than $350 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
Selecting a high-quality auto insurance provider can be difficult considering how many choices drivers have in Nevada. The ranking data listed below could help you analyze which insurers to look at purchasing from. The rankings below are only comprised of the largest companies in America, so companies with more of a regional focus are not factored into these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Impact of violations and accidents on rates in Nevada
In a perfect world, the ideal way to maintain cheap car insurance premiums for young women is to drive safely and avoid accidents and traffic violations. The illustration below shows how violations and at-fault fender-benders can raise insurance rates for each different age group. The prices are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance in Nevada per year with no violations or accidents is $996. Get written up for two speeding tickets and the average cost increases to $1,404, an increase of $408 each year. Now throw in two accidents along with the two speeding tickets and the yearly cost of car insurance for 20 year old women in Nevada increases to an average of $3,113. That's an increase of $2,117, or $176 per month, just for being a less-than-perfect driver!
Ideas to find budget-friendly auto insurance for 20 year old women in Nevada
Lowering your rates is not difficult, and here are a few money-saving solutions that can help Nevada drivers get lower-cost car insurance.
- Do not get traffic tickets
- If your vehicles are older, consider dropping full coverage
- Earn discounts for being claim-free
- Vehicles with safetly features generally cost less to insure
- Prevent rate increases by staying accident-free
- Buy your homeowners policy from the same company as your auto insurance
- Compare rates regularly to ensure the best deal
That last piece of advice is notably important, as was noted in the article above. Car insurance prices can be changed at any time, so drivers shouldn't be reluctant to buy from a new company if a lower-cost policy is available.
Sticking with a specific company is fine, but we do not recommend it if that devotion results in you overpaying money that could be spent on other things. Now is a great time to compare prices and find cheaper car insurance for 20 year old women.