You have most likely seen the commercials from car insurance companies like Farmers and Nationwide guaranteeing huge savings. So you should just pick one randomly, right?
Unfortunately, it’s just not that easy, as there are a ton of unknowns like your marital status, whether you just need liability insurance, your credit history, and if you have a lapse in coverage, that all impact the cost of your policy. The content below covers these topics and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
Figuring out which company offers the lowest-priced car insurance rates for electric cars takes a little more work than just comparing a company or two. Each auto insurer used slightly different criteria for filing rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Henderson, NV.
It’s a good idea to be aware that Henderson, NV car insurance rates are influenced by many factors which can substantially change the price you have to pay for coverage. Simply getting older, increasing deductibles, or getting a DUI can cause premium changes that can now make some companies more affordable than the competition.
Cheapest Insurance Rates for EV’s
Travelers may have some of the best car insurance rates in Henderson at around $939 per year. This is $635 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also are some of the best Henderson, NV auto insurance companies.
As the example above demonstrates, if you buy coverage from Capital and switched to Travelers, you might achieve a yearly price reduction of upwards of $39. Insureds with Oregon Mutual could save as much as $208 a year, and Progressive customers might realize rate reductions of up to $251 a year.
Be aware that those rates are averaged across all drivers and vehicles in Nevada and do not take into consideration an exact vehicle garaging location for electric cars. So the insurer that is best suited for you may not even be in the top 20 companies shown above. That affirms the importance of why you need to quote rates from many companies using your own driver information and specific vehicle type.
The vehicle model to be insured is one of the largest factors when comparing economical car insurance for electric cars. Vehicles with high performance, poor safety features, or a track record of large liability claims will cost much more to insure than more modest models.
The information below features coverage premiums for a handful of the most affordable automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$2,175|
|Honda CR-V LX 4WD||$2,191|
|Honda Accord EX 4-Dr Sedan||$2,261|
|Nissan Altima 2.5 4-Dr Sedan||$2,370|
|Ford Escape Limited 4WD||$2,386|
|Chevrolet Malibu LT||$2,414|
|Volkswagen Jetta S 2.5 Station Wagon||$2,446|
|Jeep Wrangler Sahara 4WD 2-Dr||$2,453|
|Ford Explorer Eddie Bauer 2WD||$2,459|
|Ford Edge Sport AWD||$2,497|
|Nissan Rogue SL 2WD||$2,539|
|Chevrolet Equinox LTZ AWD||$2,542|
|Get a Custom Quote Go|
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in specific Henderson, NV garaging location which can influence auto insurance rates considerably.
Looking at the rates, cars like the Hyundai Elantra, Honda CR-V, Honda Accord, and Nissan Altima will be the most affordable vehicles to insure for eco-friendly vehicles.
Get discounts on Henderson insurance rates
Insurance companies that offer quotes for electric cars may provide premium discounts that could reduce prices by as much as 40% or more if you are eligible to receive them. The best car insurance companies and their possible discounts are outlined below.
- State Farm may offer discounts for multiple autos, student away at school, defensive driving training, multiple policy, and driver’s education.
- Progressive may have discounts that include multi-vehicle, good student, homeowner, online signing, and online quote discount.
- Travelers offers discounts including good student, home ownership, multi-car, continuous insurance, payment discounts, early quote, and IntelliDrive.
- American Family may include discounts for defensive driver, good student, bundled insurance, early bird, and good driver.
- Liberty Mutual includes discounts for preferred payment discount, new graduate, good student, multi-car, newly married, and teen driver discount.
The information below shows the difference between insurance prices with and without policy discounts. The data assumes a male driver, no tickets, no at-fault accidents, Nevada state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, multiple policy, homeowner, passive restraint, vehicle safety, and marriage discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for electric cars is 28% or $542.
The illustration below shows how choosing a deductible can change insurance rates when quoting cheap insurance for electric cars. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could lower rates by $284 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $430 by using a $1,000 deductible. Younger drivers, like the Age 20 chart data, could save $860 or even more by using a higher deductible.
When using a larger deductible, it’s a good idea to have enough savings set aside to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Why you should compare rates
Henderson, NV car insurance rates are influenced by many factors that control the price you have to pay for coverage. Simply having another birthday, moving across town, or getting a driving violation can produce rate changes resulting in some companies being more affordable than competitors.
Not only may your situation change, but auto insurance companies change the rates they charge in Nevada as needed to adjust for gains or losses. An unexpected high level of claims can result in more expensive premiums, while lower claim levels may produce cheaper Henderson car insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Henderson, NV for a 45-year-old female driver with a clear driving record, no claims, and great credit. Based on her current situation, Travelers might offer the lowest car insurance rates in Henderson at $1,498 a year. This is $76 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family round out the rest of the cheapest Henderson, NV auto insurance companies.
Let’s now give the driver from the first rate comparison a chargeable claim, a lower credit score, and a couple of points charged on her driving record. Due to the fact that every auto insurer has a different formula for setting rates, analyzing rates may now present a substantially altered list of cheap Henderson auto insurance companies as shown below.
GEICO now has the lowest car insurance rate in Henderson, NV with USAA, Safeco, Nationwide, and Allied completing the list. This example illustrates why drivers need to take the time to shop around to get the most budget-friendly auto insurance quotes for electric cars. Auto insurance prices are determined by many factors and change substantially, so the cheapest option when you bought your policy may now be one of the more expensive options.
Ideas to find cheaper insurance for electric cars
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help Nevada drivers quote low-cost auto insurance.
- Safer vehicles generally have cheaper insurance rates
- Increase your credit score
- Do not pay for full coverage if not needed
- Serious violations like DUI or reckless driving can increase rates dramatically
- Do not get into accidents that are your fault
- Higher physical damage deductibles lower rates
- Check for cheaper rates once a year
That last piece of advice is extremely crucial, as we stressed in this write-up. Coverage rates in Henderson fluctuate considerably, so don’t be tentative to buy from a different company if a better rate can be found. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if your bullheadedness ends up costing you hundreds of dollars a year. It takes less than five minutes to compare prices and find cheaper auto insurance for electric cars.
If you aren’t sure which coverage to buy and prefer to get some professional advice when shopping around for cheaper insurance for eco-friendly vehicles, the agents below are a good start to provide answers to your questions and help you determine which coverages are best.
To find an agent by location nearest to you, click the button following the list.
Farmers Insurance Group: Hesselgesser Insurance Agency
229 N Pecos Rd #110 – Henderson, NV 89074 – (702) 434-1230
Farmers Insurance – Steven Schiebel
1590 W Horizon Ridge Pkwy #120 – Henderson, NV 89012 – (702) 451-4565
Farmers Insurance – Julia Clarke Spataro
2298 W Horizon Ridge Pkwy #104 – Henderson, NV 89052 – (702) 897-0000
Farmers Insurance: Dean Dorn
1021 Whitney Ranch Dr – Henderson, NV 89014 – (702) 458-4944