Who Has Affordable Henderson Auto Insurance Rates for a 20 Year Old Female?

In an ideal world, we could tell you the company that has the cheapest policy rates in Nevada. It’s not that simple, unfortunately, as there are a whole bunch of unknown factors such as any tickets or violations, the annual mileage you drive, the performance level of your vehicle, and what coverage limits you need, that all help calculate your car insurance rates. The information below will cover the best ways to save money and hopefully give you enough understanding to have a good start to your coverage search.

Finding decent, cost effective insurance is not the easiest thing to accomplish, and finding out which companies quote the cheapest insurance rates for 20 year old women calls for even more shopping around.

Each company has a different process for filing rates in each state, so we’ll go over the most affordable insurance companies in Nevada. It’s a good idea to know that Henderson, NV insurance rates are impacted by many factors which can substantially decrease or increase the cost of your policy. Simply having a birthday, buying a different home, or getting a few speeding tickets can trigger changes in premium that may make certain companies less affordable than competitors.

Compare Cheap Insurance Quotes for Women Age 20

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Rankings for the cheapest car insurance companies in Nevada
Rank Company Cost Per Year
1 Travelers $903
2 Allied $921
3 Capital $1,018
4 Oregon Mutual $1,158
5 Progressive $1,202
6 American Family $1,218
7 GEICO $1,269
8 Nationwide $1,295
9 Safeco $1,320
10 USAA $1,336
11 Farmers $1,452
12 Country $1,602
13 MetLife $1,615
14 State Farm $1,732
15 Mercury $1,771
16 Victoria $2,093
17 Liberty Mutual $2,249
18 Bristol West $2,313
19 Allstate $2,314
20 Encompass $2,710
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Travelers has some of the cheapest car insurance rates in Henderson at around $903 per year. Allied, Capital, Oregon Mutual, and Progressive also qualify as some of the most economical Henderson, NV car insurance companies.

In this example, if you are a customer of Oregon Mutual and switched to Travelers, you might realize a yearly savings of around $255. Customers with Progressive may save as much as $299 a year, and American Family customers might realize rate reductions of up to $315 a year.

To compare your rates to other Nevada insurance companies, click here or quote prices from the following companies.

Be aware that those prices are averaged across all drivers and vehicles and do not factor in an exact location for 20 year old women. So the car insurance company that is most affordable for your situation may not even be in the list above. That point stresses why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

The vehicle needing coverage is probably the most important factor that determines if you can find low-cost coverage for 20 year old women. Vehicles with economical engines, good crash test ratings, or low incidents of liability claims will cost much less to insure than adrenaline junky models. The next table shows car insurance rates for a handful of the most affordable automobiles to insure.

Cheapest Vehicles to Insure in Henderson, NV
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $4,612
Honda Accord EX 4-Dr Sedan $4,617
Ford Escape XLS 2WD $4,612
Volkswagen Jetta S 2.5 Station Wagon $4,977
Toyota Prius $5,046
Honda Odyssey LX $5,109
Chevrolet Silverado LS Regular Cab 4WD $5,115
Toyota Tacoma 4WD $5,178
Dodge Grand Caravan SE $5,188
Chevrolet Impala LS $5,405
Ford Focus S 4-Dr Sedan $5,411
Toyota Camry LE $5,474
Nissan Altima 2.5 4-Dr Sedan $5,482
Toyota RAV4 2WD $5,474
Chevrolet Equinox LT AWD $5,483
Chevrolet Malibu LS $5,474
Ford Explorer Limited 2WD $5,543
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Table data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific garaging location which can impact price quotes greatly.

Based upon the table data, we can tell that vehicles like the Honda CR-V, Honda Accord, Ford Escape, Volkswagen Jetta, and Toyota Prius are most likely going to be the more affordable vehicles to insure for young women. The price for car insurance will tend to be more expensive just because there is a higher risk for 20 year old women, but overall those vehicles will have the cheapest rates possible.

For young women, one of the more important considerations that are looked at to help calculate the amount you pay each year for auto insurance is where you normally keep your vehicle in Henderson. Regions with larger populations or more claims are more likely to have higher rates, whereas more rural areas profit from lower rates.

The following table rates the priciest cities in Nevada for 20 year old women in which to purchase auto insurance. Henderson is ranked #8 costing $1,715 for the average insured, which is approximately $143 per month.

How much is auto insurance in Henderson, NV?
Rank City Annual Rate
1 Winchester $2,116
2 Sunrise Manor $2,069
3 Paradise $1,981
4 Spring Valley $1,980
5 Las Vegas $1,930
6 Enterprise $1,851
7 North Las Vegas $1,826
8 Henderson $1,715
9 Boulder City $1,541
10 Pahrump $1,337
11 Mesquite $1,325
12 Sun Valley $1,305
13 Reno $1,294
14 Sparks $1,278
15 Spanish Springs $1,253
16 Carson City $1,158
17 Gardnerville Ranchos $1,150
18 Fernley $1,149
19 Dayton $1,097
20 Spring Creek $1,092
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Annual rates are estimated as the specific Henderson residence address can decrease or increase premiums considerably.

Full coverage or liability only

Paying less for insurance should be important to most vehicle owners, and a great way to save on the cost of insurance for 20 year old women is to not buy full coverage. The example below shows the comparison of yearly insurance costs with full coverage and liability only. The data is based on a clean driving record, no claims, $100 deductibles, single status, and no discounts are factored in.

If we average the cost for ages 20 through 70, full coverage costs an additional $2,410 per year over and above liability coverage. At some point, about every driver wonders when is the right time to remove full coverage. There is no set rule to drop physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

There are some cases where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

How to get discounts on Henderson auto insurance

Insurance for young women in Henderson, NVInsurance companies that provide policies for 20 year old women may also offer discounts that could lower prices by 30% or more if you meet certain criteria. Larger insurance companies and a summarized list of policyholder discounts are shown below.

The diagram below illustrates the difference between car insurance costs with and without discounts applied to the premium. The rates are based on a male driver, no claims or driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with good student, paid-in-full, anti-theft, continuous coverage, passive restraint, and vehicle safety discounts applied. When these discounts are applied, the average savings per year on insurance for 20 year old women is 18% or $323.

Drive responsibly or pay higher rates

The best way to maintain good insurance prices in Nevada for young women is to be a careful driver and have a clean driving record. The diagram below illustrates how traffic citations and at-fault accidents impact yearly insurance costs for different age categories. The rate quotes are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy in Nevada per year with no accidents and a clean driving record is $1,240. Get written up for one speeding ticket and the average cost hikes up to $1,427, an increase of $187 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of insurance for 20 year old women increases to an average of $1,940. That’s an increase of $699, or $58 per month, just for not driving safely!

What aren’t you shopping around?

Nevada insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. Simply turning a year older, buying a home instead of renting, or getting a reckless driving citation may cause policy rate changes that can now make some companies more affordable than others. In addition to those changes, insurance companies file new rates every year to help ensure profitability. A period of increased losses can cause more expensive prices, while lower claim expenses can cause lower-priced Henderson car insurance rates.

To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Henderson, NV for a 45-year-old female driver with no violations or accidents, and a high credit rating. If we look at prices based on her personal risk profile, Travelers has the lowest car insurance rates in Henderson at $1,529 a year. This is $45 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive are the remainder of the cheapest Henderson, NV auto insurance companies.

Let’s now give the driver from above a claim, a lower credit rating, and a stop sign violation. Because each insurer has their own formula to set premium rates, comparing prices may now show a new list of affordable companies as shown below.

GEICO now has the best auto insurance rate in Henderson, NV with USAA, Nationwide, Safeco, and Allied also being competitive. This example illustrates why drivers need to shop around with many companies to find the most budget-friendly car insurance rates for 20 year old women. Car insurance prices are calculated by many things and can change without notice, so the best option the last time you shopped around may now be costing you a lot of money.