What Auto Insurance is Cheapest for Inexperienced Drivers in Henderson?

One of the more important components that aid in calculating the amount you pay each year for auto insurance is where your residence is in Henderson. Regions with larger populations or more claims likely pay more, whereas less populated areas profit from lower rates.

The illustration below lists the priciest cities in Nevada for inexperienced drivers to purchase auto insurance in. Henderson shows up at #8 with an annual rate of $1,749 for coverage, which is approximately $146 per month.

How much does auto insurance cost in Henderson?
Rank City Average Per Year
1 Winchester $2,094
2 Spring Valley $2,060
3 Paradise $2,041
4 Sunrise Manor $2,008
5 Las Vegas $1,949
6 Enterprise $1,908
7 North Las Vegas $1,844
8 Henderson $1,749
9 Boulder City $1,495
10 Pahrump $1,377
11 Mesquite $1,325
12 Sparks $1,317
13 Sun Valley $1,305
14 Reno $1,256
15 Spanish Springs $1,216
16 Gardnerville Ranchos $1,138
17 Fernley $1,137
18 Carson City $1,136
19 Dayton $1,108
20 Fallon $1,097
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Premium costs are estimated as the vehicle garaging location can revise premiums significantly.

Figuring out which companies offer the lowest-priced insurance rates for inexperienced drivers may require a little more work than just quoting one company’s rates. Every insurance provider uses a little different formula to set premium rates, so we need to take a look at the most affordable insurance companies in Henderson, NV.

We do need to point out that Henderson, NV insurance rates are determined by lots of factors which can substantially decrease or increase the cost of your policy. Simply improving your credit, increasing deductibles, or getting into an accident may generate price changes that may make certain companies cheaper than competitors.

Cheapest Insurance Rates for Newbies

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Who has the cheapest car insurance in Nevada?
Rank Company Cost Per Year
1 Allied $921
2 Travelers $930
3 Capital $1,018
4 Oregon Mutual $1,193
5 GEICO $1,219
6 American Family $1,230
7 Progressive $1,238
8 Nationwide $1,282
9 USAA $1,284
10 Safeco $1,360
11 Farmers $1,482
12 MetLife $1,631
13 Country $1,668
14 State Farm $1,749
15 Mercury $1,825
16 Victoria $2,093
17 Liberty Mutual $2,183
18 Bristol West $2,336
19 Allstate $2,385
20 Encompass $2,684
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Allied offers some of the best car insurance rates in Henderson at around $921 a year. Travelers, Capital, Oregon Mutual, and GEICO also make the cut as some of the most economical Henderson, NV car insurance companies.

As the example above demonstrates, if you are a policyholder with Capital and switched to Allied, you may realize savings of around $97. Drivers with Oregon Mutual might save as much as $272 a year, and GEICO customers might lower prices by $298 a year.

Remember that these premiums are averaged for all types of drivers and the different vehicles they drive and and are not figured with a vehicle location for inexperienced drivers. So the company that fits you best may not even be in the top 20 companies in the list above. That helps illustrate why you need to get car insurance quotes using your own driver and vehicle profiles.

The vehicle on the policy is one of the largest considerations that determines whether or not you can buy cheaper auto insurance for inexperienced drivers. Vehicles with lower acceleration and performance, advanced safety features, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.

The list below ranks auto insurance costs for the cheaper automobiles to insure in Nevada.

Cheapest Vehicles to Insure in Henderson, NV
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $2,127
Ford Escape XLT 4WD $2,176
Dodge Grand Caravan SE $2,380
Hyundai Elantra GLS Touring Station Wagon $2,403
Honda CR-V EX-L 4WD $2,466
Ford Edge SEL 2WD $2,469
Toyota Camry LE $2,518
GMC Sierra SLE Crew Cab 2WD $2,523
Toyota Prius $2,594
Ford Explorer XLT AWD $2,610
Chevrolet Impala LTZ $2,653
Toyota Corolla XLE $2,658
Nissan Altima 3.5 SR 4-Dr Sedan $2,699
Jeep Grand Cherokee SRT-8 4WD $2,708
Ford F-150 STX Regular Cab 4WD $2,706
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can revise coverage prices considerably.

Based upon the rates shown, makes and models like the Honda Accord, Ford Escape, Dodge Grand Caravan, Hyundai Elantra, and Honda CR-V are a few of the less-costly vehicles to insure for new drivers.

Careless Henderson drivers pay higher rates

In a perfect world, the ideal way to earn good insurance prices in Nevada for new drivers is to drive safely and have a clean driving record. The chart below demonstrates how speeding tickets and accidents can impact car insurance rates for each different age group. The information is based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

In the previous chart, the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,165. Get written up for one speeding ticket and the average cost jumps to $2,440, an increase of $274 each year. Then add two accidents along with the one speeding ticket and the yearly cost of insurance for inexperienced drivers goes up to an average of $4,829. That’s an increase of $2,664, or $222 per month, just for not keeping your driving record clean!

Difference between liability only and full coverage rates

Paying less for insurance is important to most vehicle owners, and one great way to find cheaper insurance for inexperienced drivers is to not insure for full coverage. The example below illustrates the comparison of insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no violations or accidents, $500 deductibles, single status, and no discounts are applied to the premium.

If all age groups are averaged, physical damage insurance costs an extra $1,940 per year more than just buying liability only. Many drivers will wonder if it’s worth it to buy full coverage. There is no set guideline of when to eliminate full coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

Here’s why you should shop around

Henderson, NV insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. Turning one year older, increasing liability limits, or getting a ticket for careless driving may cause policy rate changes that can now make some companies affordable when they were higher priced. Additionally, car insurance companies file new rates as often as every three months to adjust for unexpected claims or profits. Higher than normal claims may result in more expensive prices, while a profitable period can produce cheaper Henderson car insurance rates.

For instance, the graph below shows rates for the cheapest car insurance in Henderson, NV for a 40-year-old male driver with a clear driving record, no claims, and good financial standing. If we compare prices based on his current risk profile, Travelers may have the best car insurance rates in Henderson at $1,484 per year. This is $90 less than the average policy premium 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.

Now we will pretend the driver in the first chart a couple of claims, a lower credit rating, and an imperfect driving record. Since each insurance company has a proprietary formula to set their prices, getting updated rate quotes may now show a new list of companies as shown below.

Progressive now has the cheapest rate in Henderson, NV with Allied, Safeco, Nationwide, and USAA also having competitive pricing. This example shows why it is critical to compare as many rates as possible when trying to get the most affordable auto insurance rates for inexperienced drivers. Insurance rates can be determined by many risk factors and can decrease or increase without notice, so the cheapest option three years ago may now be wasting a lot of money.

The Henderson auto insurance agencies shown below are a good start to aid you in deciding which policy fits your needs best, since lots of people like to have a little guidance when trying to find the best insurance rates for new drivers. It can be complicated to find the cheapest auto insurance company, so professional agents can provide you peace of mind knowing your policy gives you suitable coverage if you have an accident. To locate an agency nearest to you, click the button following the list.

More Henderson, NV insurance agents

How to find low-cost insurance for inexperienced drivers

Below you’ll find some thrifty solutions that can help Nevada drivers buy lower-cost car insurance.

The last idea is especially valuable, as we hit on in this write-up. Prices charged by auto insurers adjust frequently, so don’t be tentative to switch carriers if you can find a cheaper rate.

Loyalty to a specific company is fine, but it’s not a good idea if it’s costing you money that could be going to better use. If you have a few minutes, now is a great time to shop around to find cheaper insurance for inexperienced drivers in Henderson.