Deciphering which company has the lowest-priced auto insurance rates for drivers with bad credit may require a little more effort than just picking a company at random. Each company has a different formula for determining rates in each state, so let’s take a look at the lowest cost auto insurance companies in Nevada.
It’s a good idea to be aware that Nevada auto insurance rates are determined by lots of factors that will increase or decrease your annual premium. Getting older, buying a new vehicle, or having an at-fault accident can produce rate changes that can cause some rates to be cheaper than others.
Cheapest Insurance Rates with Bad Credit
|Rank||Company||Cost Per Year|
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Allied offers some of the most affordable car insurance rates in Henderson at around $911 annually. Travelers, Capital, Oregon Mutual, and American Family also rank well as some of the cheapest Henderson, NV car insurance companies.
As the example above demonstrates, if you are currently insured with Travelers and switched to Allied, you could realize savings of upwards of $28. Drivers with Capital could save as much as $77 a year, and Oregon Mutual policyholders might reduce prices by as much as $236 a year.
To compare your rates to other Nevada insurance companies, click here to start a quote or visit several of the following companies.
These estimates are averaged across all types of insureds and vehicles and and are not figured with an exact zip code location for drivers with bad credit. So the car insurance company that fits your situation best may not even be in the list above. That helps illustrate why you need to get quotes using your own driver information and specific vehicle type.
The car, truck, or SUV requiring coverage is a large factor that determines if you can find low-cost insurance for drivers with bad credit. Vehicles with lots of horsepower, a lack of modern safety features, or high incidents of liability claims will cost quite a bit more to insure than safer models. The list below estimates car insurance premiums for some of the most budget-friendly vehicles to insure in Nevada.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$2,050|
|Honda CR-V EX 4WD||$2,099|
|Volkswagen Jetta S 2.5 Station Wagon||$2,226|
|Ford Explorer Eddie Bauer 2WD||$2,304|
|Honda Accord LX 4-Dr Sedan||$2,356|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$2,476|
|Toyota Corolla XLE||$2,558|
|GMC Sierra SLT Crew Cab 2WD||$2,603|
|Chevrolet Equinox LTZ 2WD||$2,608|
|Honda Odyssey Touring||$2,603|
|Jeep Grand Cherokee Limited 2WD||$2,609|
|Dodge Ram Crew Cab TRX 2WD||$2,655|
|Toyota Camry Hybrid||$2,782|
|Chevrolet Silverado LTZ Crew Cab 2WD||$2,791|
|Dodge Ram 3500 Mega Cab SLT 2WD||$2,824|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,834|
|Nissan Altima 3.5 SR 2-Dr Coupe||$2,909|
|Ford Focus S 4-Dr Sedan||$2,925|
|Ford Edge Limited AWD||$2,935|
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in your specific Henderson, NV location which can increase or decrease coverage rates noticeably.
Based upon these rates, vehicles like the Ford Escape, Honda CR-V, Volkswagen Jetta, Ford Explorer, and Honda Accord will be some of the more affordable vehicles to insure for people with poor credit. The price for car insurance will tend to be more expensive because of the fact that there is more liability risk for drivers with bad credit, but generally speaking those models will probably have the best insurance prices that you’ll find.
One of the many factors that aid in calculating the amount you pay for auto insurance is where you keep your car in Henderson. More densely populated places likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The table below rates the highest-priced areas in Nevada for drivers with bad credit to purchase car insurance in. Henderson is ranked at #8 having an annual price of $1,749 for the average policy, which is around $146 per month.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,844|
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Premium amounts are estimated as specific Henderson zip code can raise or lower rates noticeably.
The information below shows how choosing a deductible can affect insurance prices when getting quotes for cheap insurance for drivers with bad credit. The premiums assume a married male driver, comp and collision included, and no discounts are applied to the premium.
A 40-year-old driver could pocket $298 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $452 by using a $1,000 deductible. Younger drivers, such as the 20-year-old example, could potentially save as much as $1,002 every year just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have spare funds to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Driving violations and accidents
The ideal way to snag low auto insurance prices in Nevada for people with poor credit is to pay attention while driving and avoid tickets and accidents. The illustration below demonstrates how speeding tickets and at-fault accidents can affect auto insurance rates for each different age group. The rates are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of car insurance in Nevada per year with no accidents or violations is $1,240. Factor in one speeding ticket and the average cost increases to $1,427, an increase of $187 each year. Now get one accident along with the one speeding ticket and the yearly cost of auto insurance for drivers with bad credit increases to an average of $1,940. That’s an increase of $699, or $58 per month, just for not being a responsible driver!
If you have questions and prefer to have a professional recommendation when comparing insurance rates for people with poor credit, the professional agents shown below can most likely help you make a decision which insurance coverage will be best for you. To locate a Henderson car insurance agency near you, click the button at the bottom of the list or click here to compare price quotes.
Farmers Insurance – Frank Tworek
911 American Pacific Dr #140 – Henderson, NV 89014 – (702) 316-4888
J.J. Tucker – State Farm Insurance Agent
10890 S Eastern Ave #115 – Henderson, NV 89052 – (702) 616-1000
Allstate Insurance: Jeremy Peltz
3215 St Rose Pkwy Ste 120 – Henderson, NV 89052 – (702) 233-8372
How to find budget-friendly auto insurance for drivers with bad credit
The list below shows some thrifty suggestions that can help you find more affordable coverage.
- Improve your credit rating
- Save money by obeying traffic laws and keeping a clean driving record
- Being accident-free can lower rates significantly
- Buy a safer vehicle
- Raise deductibles
- Compare rate quotes frequently
The last tip in the list is extremely crucial, as we noted in this piece. Auto insurance prices in Henderson adjust frequently, so don’t be tentative to switch carriers if you can save money.
We understand brand loyalty, but it’s not a great idea if that loyalty results in overpaying a small fortune year after year. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for drivers with bad credit.