This would be a much shorter article if we could just tell you the company that has the cheapest rate quotes for low credit scores in Nevada. It's not that simple, unfortunately, as there are a whole bunch of unknown aspects like your credit rating, if you are currently insured, the area where you live, and the amount of coverage you want, that all go into determining the rate you pay. In this article, we will teach you about the different scenarios that increase car insurance cost and also should give you a solid foundation to find cheaper car insurance in Nevada.
Finding reliable, low-priced car insurance is not easy, and figuring out which companies quote the best auto insurance rates for low credit scores in Nevada will require a bit more work. Every insurance company has their own guidelines to determine premium rates, so we'll go over the most affordable auto insurance companies in Nevada.
Find the Best Cheap Insurance in Nevada
|Rank||Company||Cost Per Year|
|View More Rates Go|
Travelers has some of the best car insurance rates in Nevada at around $930 a year. Allied, Capital, Oregon Mutual, and American Family also qualify as some of the lowest-priced Nevada car insurance companies.
In this example, if you are a customer of Oregon Mutual and switched to Travelers, you may see an annual premium reduction of in the vicinity of $263. Policyholders with American Family could save as much as $264 a year, and Progressive policyholders might cut rates by $296 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or click through to the companies below.
Bear in mind that those premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with a rate discount for low credit scores. So the car insurance company that fits your age and vehicle best may not even be in the top 20 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
One of the many criteria that are looked at to determine insurance cost is where you keep your vehicle in Nevada. Areas with a lot of weather claims or more people like Winchester, Paradise, and Las Vegas tend to have more expensive auto insurance rates, whereas more rural areas benefit from having to pay less for coverage.
The table below ranks the most expensive places in Nevada for low credit scores to purchase auto insurance in.
|7||North Las Vegas||$1,826|
|Get a Custom Quote Go|
Rate information is approximated as specific Nevada garaging address can change price quotes noticeably.
Nevada auto insurance company ratings
Finding the top car insurance company can be a challenge considering how many different companies insure vehicles in Nevada. The company rank data in the next section can help you select which car insurance companies to look at to insure your vehicles.
These ratings are only made up of companies with a nationwide focus, so smaller regional companies are not included in this list. To compare price quotes from these and other companies in Nevada, click this link.
Top 10 Major Auto Insurance Companies in Nevada Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Major Auto Insurance Companies in Nevada Ranked by A.M. Best Rating
- USAA - A++
- Travelers - A++
- GEICO - A++
- State Farm - A++
- The Hartford - A+
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Mercury Insurance - A+
- Titan Insurance - A+
The chart below demonstrates how deductibles can raise or lower insurance rates when researching cheap insurance for low credit scores in Nevada. The price estimates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could lower rates by $244 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $370 by changing to a $1,000 deductible. Young drivers, like the Age 20 chart data, could reduce their rates up to $620 or more by choosing a larger deductible amount. When using a larger deductible, it is important to have emergency funds available to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Should you buy full coverage?
Paying less for auto insurance is probably important to most vehicle owners, and one of the fastest ways to find cheap insurance for low credit scores in Nevada is to not insure for full coverage. The diagram below shows the difference between insurance premiums with liability coverage only compared to full coverage. The data is based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, comprehensive and collision coverage on your policy costs an additional $1,403 per year more than buying just liability insurance. That proposes the question if buying full coverage is worth the expense. There is no written rule to delete physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
There are some situations where removing full coverage is not recommended. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Why you should be shopping around
Nevada auto insurance rates are calculated based on many things which can substantially change your annual premium. Simply getting older, buying a home instead of renting, or getting a few speeding tickets can trigger price changes that can cause some rates to be affordable when they were higher priced. Not only may your situation change, but insurers change the rates they charge in Nevada at least once a year to adjust for heavy claims or excess profits. Significantly higher claims may result in increased rates, while a better claims history can result in lower-cost Nevada car insurance rates.
For instance, the data below shows which company has the cheapest car insurance in Nevada for a 30-year-old male driver with no accidents, a clean driving record, and a decent credit rating. If we estimate prices based on his current rating profile, Allied offers the lowest car insurance rates in Nevada at $921 a year. This is $653 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family are also on the list of the cheapest Nevada auto insurance companies.
Now we will pretend the driver from above a chargeable claim, bad credit, and a speeding ticket. Because each insurer uses their own method for setting rates, comparing rates may result in a different ranking of the cheapest companies as shown below.
GEICO now has the best car insurance rate in Nevada with Travelers, Nationwide, USAA, and Safeco also having competitive pricing. This shows why it is critical to perform a complete rate comparison to get the best auto insurance quotes for low credit scores.
Insurance prices are influenced by many things and change dramatically, so the best company when you last compared rates may now be wasting a lot of money.