The vehicle model you are insuring is probably the most important factor when shopping around for low-cost car insurance for real estate agents. Vehicles with higher performance characteristics, poor safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The list below features car insurance premiums for some of the more affordable vehicles to insure in Nevada.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$756|
|Ford Escape XLT 2WD||$761|
|Nissan Altima 2.5 4-Dr Sedan||$780|
|Hyundai Elantra SE 4-Dr Sedan||$821|
|Jeep Grand Cherokee Limited 4WD||$835|
|Honda Odyssey Touring||$842|
|Jeep Wrangler Rubicon 4WD 2-Dr||$848|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$867|
|Honda Accord EX 2-Dr Coupe||$880|
|Ford Focus S 4-Dr Sedan||$885|
|Nissan Rogue SL AWD||$880|
|Ford Edge SE AWD||$885|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in specific Nevada garaging location which can influence coverage prices considerably.
Based upon the rates shown, models like the Honda CR-V, Ford Escape, Nissan Altima, Hyundai Elantra, and Jeep Grand Cherokee are most likely to be a few of the most budget-friendly vehicles to insure for realtors.
Finding reliable, low-priced car insurance is difficult, and finding out which insurers offer the best auto insurance rates for real estate agents in Nevada will take even more perseverance.
Every auto insurer has their own guidelines for setting prices, so first let's look at the rankings for the overall cheapest auto insurance companies in Nevada. It's important to know that Nevada auto insurance rates are based on many factors that control the price of coverage. Price variation is why it is critical to compare many different companies when trying to find the most affordable car insurance rates for real estate agents. Insurance rates are calculated by many risk factors and can change without notice, so the best option three years ago may now not even be in the top five.
Best Car Insurance Prices for Realtors
|Rank||Company||Cost Per Year|
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Allied normally has some of the best car insurance rates in Nevada at around $911 per year. This is $663 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are also some of the cheapest Nevada auto insurance companies.
As illustrated above, if you are a customer of Oregon Mutual and switched to Travelers, you may realize yearly savings of upwards of $219. Policyholders with Progressive might save as much as $287 a year, and American Family customers might reduce rates by $291 a year.
Understand that those policy rates are averages across all types of insureds and vehicles and and are not figured with a price decrease for real estate agents. So the company that fits your age and vehicle best may not even be in the top 20 companies in the list above. That helps illustrate why you need to get rate quotes using your own specific driver and vehicle information.
Drive responsibly or pay higher rates
In a perfect world, the ideal way to receive the most affordable auto insurance premiums in Nevada for realtors is to pay attention while driving and avoid at-fault accidents and violations. The example below highlights how traffic violations and at-fault claims can increase car insurance costs for different age groups. Data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of an auto insurance policy in Nevada per year with no accidents or violations is $1,684. Receive one speeding ticket and the average cost jumps to $1,931, an increase of $247 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of auto insurance for real estate agents in Nevada goes up to an average of $2,632. That's an increase of $948, or $79 per month, just for not maintaining a clean driving record!
How to get discounts on Nevada car insurance rates
Car insurance companies that provide policies for real estate agents could also offer price discounts that can reduce rates by as much as 35% if you can meet the requirements. Companies and a partial list of their discounts are shown below.
- GEICO offers premium reductions for air bags, seat belt use, defensive driver, five-year accident-free, multi-vehicle, good student, and anti-lock brakes.
- Travelers offers discounts including multi-car, student away at school, new car, payment discounts, and IntelliDrive.
- Farm Bureau has savings for multi-policy, 55 and retired, renewal discount, multi-vehicle, driver training, good student, and youthful driver.
- Liberty Mutual may offer discounts for new graduate, newly retired, new move discount, good student, and teen driver discount.
- American Family has discounts for bundled insurance, defensive driver, multi-vehicle, TimeAway discount, and Steer into Savings.
- Progressive may have discounts that include multi-policy, continuous coverage, online signing, homeowner, online quote discount, and multi-vehicle.
The information below shows the difference between premium costs with and without discounts applied to the rates. The information is based on a female driver, no violations or accidents, Nevada state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with marriage, claim-free, defensive driving course, homeowner, accident-free, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on auto insurance for real estate agents is 28% or $623.
The diagram below demonstrates how choosing different deductibles can influence insurance premiums when researching cheap insurance for real estate agents in Nevada. The premiums are based on a single female driver, full physical damage coverage, and no discounts are applied.
As shown above, a 40-year-old driver could lower rates by $342 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $516 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, could shave as much as $868 each year by choosing a higher deductible. If you do decide to increase your deductibles, it is a good idea to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Your cheap policy may actually be overpriced
Nevada auto insurance rates are based on many factors that may substantially change the price of your policy. Turning one year older, buying a different vehicle, or getting a ticket for running a stop sign may cause policy rate changes that can make some companies cheaper than others.
In addition, insurance companies modify rates every year or even multiple times each year as an adjustment for underwriting gains or losses. A period of higher than normal claims may result in price increases, while lower claim levels may result in lower-cost Nevada car insurance rates.
The chart below shows which companies have the cheapest car insurance in Nevada for a 35-year-old female driver with a clear driving record, no claims, and good financial standing. Based on her current risk factors, Allied may have the best car insurance rates in Nevada at $911 a year. This is $663 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are also on the list of the most affordable Nevada auto insurance companies.
The example below compares rates after we give the driver from the first set of rates a chargeable claim, a lower credit rating, and a stop sign violation. Since each auto insurer uses their own formula to set premium rates, analyzing rates may now show a different set of the cheapest Nevada car insurance companies as shown below.
Travelers now has the best price on car insurance in Nevada with GEICO, Nationwide, USAA, and Safeco completing the list. This example illustrates why consumers need to compare many different companies to find the most budget-friendly insurance rates for real estate agents.
Auto insurance prices are influenced by many different factors and can increase or decrease at any time, so the cheapest rate a year ago may now not even be in the top five.