One of the more important factors that are looked at to determine insurance cost is where you call home. Areas with increased crime or more people like Winchester, Sunrise Manor, and Enterprise are more likely to pay higher prices, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The table below sorts the highest-priced areas in Nevada for safe drivers to purchase car insurance in.
|7||North Las Vegas||$1,844|
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Rate quotes are comparative as the specific zip code location can influence auto insurance rates significantly.
Locating affordable car insurance is challenging, and finding out which company quotes the best auto insurance rates for safe drivers in Nevada will take more quotes for comparison. Coverage prices should be slightly cheaper than the average price in Nevada due to the potential for fewer claims associated with offering coverage for good drivers. Reasonable coverage should be achievable from a lot of different insurance providers. Each auto insurer has a unique formula to set policy rates, so we need to take a look at the overall cheapest auto insurance companies in Nevada.
It's important to understand that Nevada auto insurance rates are calculated based on many things that may substantially change the cost of a policy. Price variation is why it is so important to spend some time comparing rates when trying to get the most affordable car insurance rates for safe drivers. Prices can be determined by many things and can increase or decrease at any time, so the cheapest option three years ago may now be costing you a lot of money.
Cheapest Insurance Rates for Safe Drivers
Allied may have some of the best car insurance rates in Nevada at around $921 per year. Travelers, Capital, Oregon Mutual, and American Family would also be considered some of the cheaper Nevada insurance companies.
As shown above, if you currently buy coverage from Oregon Mutual and switched to Travelers, you could see an annual premium reduction of about $217. Drivers with American Family might save as much as $264 a year, and Progressive insureds might see rate reductions of $296 a year.
To find the cheapest coverage for you, click here to start your custom quote or visit several of the following companies.
Remember that these premium estimates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a price decrease for safe drivers. So the auto insurance company that fits your situation best may not even be in the list above. That points out the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
Comparison of full coverage and liability-only policies
Lowering the price of auto insurance is probably important to most people, and an effective way to find cheap insurance for safe drivers in Nevada is to not insure for full coverage. The information below illustrates the difference between yearly insurance costs with and without full coverage. The information is based on a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.
If averaged for all ages, physical damage insurance costs $1,621 per year over liability only. That is a large expense which might make you wonder if buying full coverage is worth the money. There is no set guideline for eliminating full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, then you might consider buying liability only.
For example, let's assume your vehicle's replacement cost is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,500 after paying your policy deductible. If premiums are more than $450 annually for comprehensive and collision coverage, then it might be time to buy liability only.
Choosing the best auto insurance provider can be a challenge considering how many different companies there are to choose from in Nevada. The company rank data shown next can help you analyze which car insurance providers to look at when trying to find cheaper insurance for safe drivers. These ratings are for companies that insure vehicles nationwide, so companies that have a smaller presence are not factored into this list.
Top 10 Large Auto Insurance Providers Overall in Nevada
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Your low-price policy may be costing you money
Nevada auto insurance rates are influenced by many factors that control the price you have to pay for coverage. Simply getting older, having a teen driver, or getting into an accident can trigger changes in premium resulting in some companies being cheaper than competitors.
Not only may things change on your end, but insurance companies change rates every year or even multiple times each year to reflect underwriting profits or losses. Higher than normal claims can cause a rate increase, while long-term profits can cause lower-cost Nevada car insurance rates.
To illustrate this example, the chart below shows the cheapest car insurance in Nevada for a 40-year-old female driver with no accidents or violations, and good credit. If we look at prices based on her personal profile, Travelers may offer the most affordable car insurance rates in Nevada at $903 each year. This is $671 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remaining best Nevada auto insurance companies.
Now we will pretend the driver from above a chargeable claim, a lower credit rating, and a speeding ticket. Since each insurance company has a unique formula for setting rates, comparing quotes most likely will result in a different set of the cheapest car insurance companies in Nevada as shown below.
GEICO now has the cheapest price in Nevada with Allied, USAA, Nationwide, and Safeco also having competitive pricing. This illustrates why Nevada drivers need to do a thorough rate comparison when trying to find the best auto insurance quotes for safe drivers.
Insurance prices are impacted by many factors and can change without notice, so the best option a year ago may now be one of the more expensive options.
How to find budget-friendly car insurance for safe drivers in Nevada
The list below details some of the better thrifty suggestions that can help Nevada drivers get lower-cost car insurance.
- The safer your car, the less it costs to insure
- Buying your home and auto policies from the same company can earn a discount
- Avoid accidents and claims
- Avoid getting citations and tickets
- Claim-free drivers earn discounts
- Drop full coverage on older vehicles
- Shop around and save
The last idea is extraordinarily critical, as we hit on in the prior article. Coverage prices vary greatly, so you should be ready to switch carriers if a more affordable price is available. Many consumers stick with the same company and that's fine, but it's not a great idea if that inflexibility results in costing you lots of hard earned cash every month. It only takes a couple minutes to compare prices and find cheaper car insurance for safe drivers.