Finding good, low-cost car insurance is not always easy, and determining which insurers offer the best auto insurance rates for veterans may require additional perseverance. Every insurance company has their own guidelines for setting rates, so let’s begin by taking a look at the auto insurance companies that tend to be cheaper in Nevada.
It’s a good idea to know that Nevada auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of a policy. Simply having a birthday, increasing deductibles, or having an accident may cause policy rate changes resulting in some companies being much cheaper than others.
Cheapest Insurance Rates for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $912 |
| 2 | Allied | $949 |
| 3 | Capital | $1,008 |
| 4 | Oregon Mutual | $1,182 |
| 5 | American Family | $1,194 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,269 |
| 8 | USAA | $1,297 |
| 9 | Nationwide | $1,334 |
| 10 | Safeco | $1,360 |
| 11 | Farmers | $1,438 |
| 12 | MetLife | $1,583 |
| 13 | Country | $1,602 |
| 14 | State Farm | $1,698 |
| 15 | Mercury | $1,771 |
| 16 | Victoria | $2,011 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,313 |
| 19 | Allstate | $2,385 |
| 20 | Encompass | $2,630 |
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Travelers has some of the best car insurance rates in Henderson at around $912 annually. This is $662 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also make the cut as some of the best Henderson, NV auto insurance companies.
As shown in the rates above, if you buy coverage from Allied and switched to Travelers, you might see yearly savings of roughly $37. Customers with Capital may save as much as $96 a year, and Oregon Mutual customers might cut rates by $270 a year.
If you would like to find cheaper car insurance rates, click here to begin a quote or click through to the companies below.
Remember that these policy prices are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for veterans. So the car insurance company that can offer you the best price may not even be in the list above. That’s why you need to compare rates from multiple companies using your own specific driver information and vehicle.
One of the more important components that help determine the annual cost of car insurance is the neighborhood you call home. Areas with high crime rates or more dense population tend to have higher rates, whereas less populated areas benefit from having to pay less for coverage.
The information below rates the most expensive cities in Nevada for veterans to buy car insurance in. Henderson makes the list at #8 with a yearly cost of $1,749 for car insurance, which is about $146 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Sunrise Manor | $2,090 |
| 3 | Spring Valley | $2,060 |
| 4 | Paradise | $2,041 |
| 5 | Enterprise | $1,908 |
| 6 | Las Vegas | $1,892 |
| 7 | North Las Vegas | $1,882 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,511 |
| 10 | Mesquite | $1,325 |
| 11 | Pahrump | $1,323 |
| 12 | Reno | $1,282 |
| 13 | Sparks | $1,278 |
| 14 | Spanish Springs | $1,266 |
| 15 | Sun Valley | $1,253 |
| 16 | Carson City | $1,158 |
| 17 | Gardnerville Ranchos | $1,138 |
| 18 | Dayton | $1,130 |
| 19 | Fernley | $1,103 |
| 20 | Elko | $1,092 |
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Rates are estimated as the specific garaging location can revise price quotes noticeably.
How accidents and violations affect rates in Henderson
The ideal way to maintain low auto insurance prices in Henderson for veterans is to drive cautiously and maintain a clean driving record. The example below shows how violations and accident claims drive up insurance prices for each age group. Data assumes a married female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of car insurance in Henderson per year with a clean driving record and no accidents is $1,252. Get written up for two speeding tickets and the average cost hikes up to $1,777, an increase of $525 each year. Next add two accidents along with the two speeding tickets and the annual cost of auto insurance for veterans increases to an average of $3,711. That’s an increase of $2,459, or $205 per month, just for not keeping your driving record clean!
How to get discounts on Henderson car insurance
Auto insurance companies that sell policies for veterans may additionally offer rate discounts that could reduce prices by as much as 35% or more if you can meet the requirements. Companies and some of the discounts are included below.
- The Hartford may have discounts that include bundle, anti-theft, vehicle fuel type, defensive driver, air bag, and good student.
- American Family has discounts for early bird, defensive driver, mySafetyValet, air bags, bundled insurance, good driver, and multi-vehicle.
- Progressive policyholders can earn discounts including continuous coverage, online signing, homeowner, multi-policy, multi-vehicle, and good student.
- Travelers has savings for home ownership, IntelliDrive, driver training, payment discounts, continuous insurance, and student away at school.
- Farmers Insurance offers discounts for homeowner, electronic funds transfer, good student, early shopping, and teen driver.
- USAA offers premium reductions for safe driver, vehicle storage, good student, family discount, multi-vehicle, driver training, and military installation.
- Liberty Mutual may offer discounts for teen driver discount, hybrid vehicle, newly married, newly retired, multi-car, and exclusive group savings.
The illustration below visualizes the comparison of car insurance costs with and without discounts being applied to the rates. Data assumes a female driver, a clean driving record, no at-fault accidents, Nevada state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with safe-driver, passive restraint, marriage, defensive driving course, homeowner, and multiple vehicle discounts applied. When drivers take advantage of discounts, theaverage amount saved on auto insurance for veterans is 28% or $343.
How to find more affordable car insurance for veterans
Here are many money-saving ideas that can help drivers buy cheaper coverage.
- Do not insure for full coverage
- Improve your credit
- Avoid having at-fault accidents
- Safer vehicles cost less to insure
- Bundle home and auto and save
- Shop your coverage around for the best deal
That last idea is highly vital, as was noted in this piece. Insurance rates adjust frequently, so don’t hesitate to switch companies if a cheaper price is available. Being loyal to a particular company is commendable, but it’s not a great idea if that stubbornness costs you hundreds of dollars a year. In just a few minutes you could compare rates and find cheaper auto insurance for veterans in Henderson.