Determining which companies have the cheapest auto insurance rates for drivers with accidents in Nevada takes a bit more effort in order to find a policy that fits your budget.
Every insurance company has their own process for establishing rates, so let's examine the lowest cost auto insurance companies in Nevada. Keep in mind that Nevada auto insurance rates are impacted by many factors which can substantially change the price you have to pay. Improving your credit score, becoming a homeowner, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being cheaper than competitors.
Best Cheap Insurance Rates for Accident Prone Drivers
|Rank||Company||Cost Per Year|
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Travelers has some of the lowest car insurance rates in Nevada at around $939 a year. This is $635 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also make the cut as some of the lowest-priced Nevada insurance companies.
In this example, if you are a customer of American Family and switched to Allied, you could see annual savings of in the neighborhood of $269. Insureds with Progressive may save as much as $289 a year, and GEICO customers might reduce rates by $320 a year.
Understand that those policy rates are averaged across all drivers and vehicles and do not take into consideration a price increase for drivers with accidents. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That illustrates why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
One of the many criteria that are used to help calculate the price you pay for insurance is where you normally keep your vehicle. Regions with more people or even just more weather-related claims like Winchester, Paradise, and Las Vegas will most likely have higher rates, whereas areas with less congestion have the luxury of lower rates.
The next table sorts the most expensive cities in Nevada for drivers with accidents to purchase auto insurance in.
|7||North Las Vegas||$1,882|
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Premium amounts are comparative as specific location information can revise prices significantly.
The car, truck, or SUV that is being insured is a significant factor that determines whether or not you find low-priced insurance for drivers with accidents. Vehicles with limited top-end speed, good safety features, or a positive history of liability claims will cost significantly less to insure than higher performance models. The table below shows insurance prices for some of the more affordable vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,615|
|Ford Escape XLT 4WD||$1,691|
|Honda Accord LX 4-Dr Sedan||$1,695|
|Jeep Wrangler Sport 4WD 2-Dr||$1,785|
|Hyundai Elantra SE Touring Station Wagon||$1,818|
|Ford F-150 XLT Crew Cab 2WD||$1,874|
|Toyota RAV4 Limited 2WD||$1,890|
|Chevrolet Equinox LT AWD||$1,900|
|Chevrolet Impala LS||$1,980|
|Toyota Corolla LE||$1,990|
|Ford Explorer Limited AWD||$2,001|
|Dodge Grand Caravan SXT||$2,009|
|Jeep Grand Cherokee Laredo 4WD||$2,006|
|Ford Fusion SE 4-Dr Sedan||$2,010|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$2,030|
|Kia Optima LX||$2,045|
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Data rating is based on single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific location which can change premium rates greatly.
Based upon these rates, we can presume that cars like the Honda CR-V, Ford Escape, Honda Accord, and Jeep Wrangler are the most economical vehicles to insure for drivers with at-fault accidents. Rates will tend to be more expensive anyway because there is more inherent risk for drivers with accidents, but overall those models will tend to have the least expensive rates possible.
Full coverage versus liability-only in Nevada
Buying cheaper auto insurance should be important to the majority of people, and a great way to buy cheaper insurance for drivers with accidents in Nevada is to only pay for liability coverage. The information below illustrates the comparison of annual premium costs with liability coverage only compared to full coverage. The premiums assume no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Averaged for all ages 20 through 70, full coverage on your policy costs an additional $1,297 per year more than just insuring for liability. At some point, almost every driver questions when is it a good idea to stop buying full coverage. There is no exact rule of when to stop paying for comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let's say your vehicle's claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If you are paying in excess of $500 annually for full coverage, then you may want to consider only buying liability coverage.
Buying coverage from a highly-rated car insurance provider can be a challenge considering how many companies are available to choose from in Nevada. The company rank data displayed below can help you choose which coverage providers to look at purchasing coverage from.
The rankings below only include large nationwide companies, so companies that may only write in Nevada are not taken into consideration for the list. To compare price quotes from many more Nevada auto insurance companies, just click here.
|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
How to get discounts on Nevada auto insurance rates
Auto insurance companies that offer quotes for drivers with accidents may also give you premium discounts that can lower rates by 25% or more if you are eligible to receive them. Large auto insurance companies and some of their more popular discounts include:
- GEICO offers discounts for military active duty, daytime running lights, multi-policy, good student, defensive driver, five-year accident-free, and air bags.
- Travelers policyholders can earn discounts including early quote, new car, student away at school, IntelliDrive, save driver, and home ownership.
- Nationwide discounts include anti-theft, business or organization, accident-free, good student, multi-policy, and easy pay.
- Farmers Insurance has discounts for homeowner, business and professional, bundle discounts, teen driver, and distant student.
- Esurance offers discounts including online shopper, good student, multi-car, anti-lock brakes, defensive driver, and DriveSense.
- State Farm may offer discounts for good driver, Steer Clear safe driver discount, driver's education, passive restraint, and good student.
- Progressive may have discounts that include homeowner, multi-policy, online signing, multi-vehicle, and online quote discount.
- Mercury Insurance includes discounts for ease of repair, accident-free, professional/association, type of vehicle, location of vehicle, multi-policy, and good student.
The example below visualizes the comparison of car insurance costs with and without discounts applied. The data is based on a female driver, no violations and one accident, Nevada state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, paperless filing, continuous coverage, homeowner, marriage, and anti-theft discounts applied. When taking advantage of discounts, theaverage amount saved on auto insurance for drivers with accidents is 28% or $566.