Trying to find budget auto insurance is challenging, and figuring out which company has the lowest-priced insurance rates with multiple speeding tickets requires even more rate comparisons. Each company has their own process for establishing rates, so let’s rank the most affordable insurance companies in Nevada.
Find the Best Cheap Insurance with License Points
|Rank||Company||Cost Per Year|
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Allied has some of the best car insurance rates in Henderson at around $911 each year. This is $663 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive also are some of the lowest-priced Henderson, NV insurance companies.
In this example, if you currently buy coverage from Oregon Mutual and switched to Travelers, you might achieve annual savings of approximately $270. Policyholders with Progressive may save as much as $278 a year, and GEICO policyholders might see rate reductions of $307 a year.
To get a fast rate comparison, click here or quote prices from the following companies.
Remember that these premiums are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location with multiple speeding tickets. So the company that can offer you the best price may not even be in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.
One of the many considerations that aid in calculating the amount you pay for auto insurance is your zip code. More populated areas tend to have more expensive auto insurance rates, whereas less populated areas benefit from lower prices.
The information below shows the highest-priced areas in Nevada with multiple speeding tickets to purchase a policy in. Henderson is listed at #8 having an annual price of $1,715 for the average insurance policy, which is approximately $143 per month.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,826|
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Annual rates are comparative as the specific zip code location can decrease or increase rates substantially.
The type of vehicle you are insuring is one of the largest factors when shopping around for the cheapest coverage with multiple speeding tickets. Vehicles with economical engines, a plethora of safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.
The table below ranks car insurance premiums for a number of the cheaper vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$2,794|
|Hyundai Elantra SE Touring Station Wagon||$3,040|
|Honda CR-V EX-L 4WD||$3,047|
|Jeep Wrangler Sport 4WD 2-Dr||$3,167|
|Honda Accord EX-L 4-Dr Sedan||$3,312|
|Ford Explorer Eddie Bauer AWD||$3,372|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,382|
|Chevrolet Malibu LT||$3,372|
|Ford Focus SEL 4-Dr Sedan||$3,432|
|Ford Edge Sport AWD||$3,495|
|Toyota Camry XLE||$3,503|
|Honda Odyssey EX-L W/Rear Entertainment||$3,495|
|Chevrolet Silverado LS Regular Cab 2WD||$3,508|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,517|
|Chevrolet Equinox LS AWD||$3,533|
|Chevrolet Impala LT||$3,543|
|Nissan Rogue S AWD||$3,539|
|Ford F-150 FX2 2WD||$3,602|
|Toyota RAV4 Limited 4WD||$3,609|
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Table data represents single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in vehicle location which can affect coverage rates significantly.
Based upon the table data, we can conclude that makes and models like the Ford Escape, Hyundai Elantra, Honda CR-V, and Jeep Wrangler are likely to be the cheapest vehicles to insure after a few driving violations.
The chart below demonstrates how deductibles can impact premium costs when trying to find cheap insurance with multiple speeding tickets. The data assumes a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $244 a year by increasing from a $100 deductible up to a $500 deductible, or save $370 by selecting a $1,000 deductible. Younger drivers, like the Age 20 chart data, could possibly save as much as $620 annually just by choosing higher deductibles.
When raising deductibles, it will be required to have emergency funds available to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Do you need full coverage?
Reducing premiums for insurance is probably important to the majority of drivers, and one of the quickest ways to pay lower rates for insurance with multiple speeding tickets is to not insure for full coverage. The information below illustrates the comparison of annual premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no claims, a clean driving record, $250 deductibles, drivers are not married, and no discounts are factored in.
Averaged out for all age groups, comp and collision coverage costs an additional $1,621 per year over and above liability only. At some point, about every driver wonders when is the right time to remove full coverage. There is no definitive guideline of when to drop physical damage insurance, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
Selecting a highly-rated auto insurance company can be a challenge considering how many different companies sell coverage in Nevada. The company rank data listed below could help you select which auto insurers to look at when insurance shopping with multiple speeding tickets. These rankings are for large nationwide companies, so companies with more of a regional focus are not factored into this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies