Wouldn’t it be great if we could instantly tell you the one perfect company that has the lowest rates after a speeding ticket? That is not the case, however, as there are a ton of unknown factors such as whether or not you own a home, your credit score, if you want full coverage, and where you live, that all help calculate your car insurance rates. The information below covers the different ways to avoid overpaying and will hopefully give the reader some help in finding cheaper rates.
The vehicle on the policy is a significant factor that determines if you can find cheaper insurance after a speeding ticket. Vehicles with higher performance characteristics, poor safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models.
The next list shows insurance premiums for a selection of the cheaper automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$2,767|
|Honda CR-V LX 4WD||$3,022|
|Honda Odyssey LX||$3,034|
|Jeep Wrangler Rubicon 4WD 2-Dr||$3,094|
|Ford Focus S 4-Dr Sedan||$3,216|
|Ford Escape Limited 4WD||$3,276|
|Chevrolet Silverado LS Regular Cab 4WD||$3,320|
|Dodge Grand Caravan SXT||$3,339|
|Ford Explorer XLT 4WD||$3,395|
|Toyota Tacoma 2WD||$3,430|
|Ford Edge Sport AWD||$3,458|
|Toyota Camry XLE||$3,464|
|Chevrolet Malibu Hybrid||$3,496|
|Toyota RAV4 Limited 4WD||$3,505|
|Ford Fusion S 4-Dr Sedan||$3,574|
|Ford F-150 SVT Raptor Super Cab 4WD||$3,650|
|Nissan Rogue S AWD||$3,741|
|Hyundai Elantra GLS 4-Dr Sedan||$3,754|
|Chevrolet Impala LTZ||$3,759|
|Nissan Altima Hybrid 4-Dr Sedan||$3,763|
|GMC Sierra SLT Extended Cab 4WD||$3,772|
|Jeep Grand Cherokee Limited 2WD||$3,763|
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Prices based on single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle location which can affect coverage rates considerably.
Based upon these rates, we can assume that vehicles like the Honda Accord, Honda CR-V, Honda Odyssey, and Toyota Prius will be the most economical vehicles to insure after a few driving violations.
One of the many criteria that are used to help calculate the amount you pay each year for auto insurance is your zip code in Henderson. Regions with larger populations or more claims tend to pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The information below ranks the priciest cities in Nevada after a speeding ticket to purchase car insurance in. Henderson ranks #8 with a yearly cost of $1,697 for the average policyholder, which is about $141 monthly.
|6||North Las Vegas||$1,882|
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Rates are estimated as the vehicle garaging location can influence insurance rates noticeably.
Establishing which company has the cheapest car insurance rates after a speeding ticket will take more work in order to find the lowest price.
Each auto insurance company has a unique approach for determining rates, so let’s rank the overall cheapest car insurance companies in Nevada. We do need to point out that Henderson car insurance rates are impacted by many things that will increase or decrease the price you pay for coverage. Simply having a birthday, buying a home instead of renting, or getting caught speeding can trigger price changes that may make certain companies more affordable than before.
Best Insurance Companies with Licence Points
|Rank||Company||Cost Per Year|
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Travelers has some of the most affordable car insurance rates in Henderson at around $912 each year. This is $662 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also make the cut as some of the cheapest Henderson, NV auto insurance companies.
As depicted above, if you currently have a policy with Capital and switched to Travelers, you could see a yearly savings of about $76. Policyholders with Oregon Mutual could save as much as $235 a year, and Progressive insureds might reduce prices by as much as $278 a year.
Bear in mind that those rates are averages across all drivers and vehicles in Nevada and are not factoring in a specific vehicle garaging location after a speeding ticket. So the insurer that is best for you may not even be in the top 20 companies shown above. That point stresses why you need to quote rates from many companies using your own driver information and specific vehicle type.
The information below illustrates how your choice of deductibles can affect insurance premiums when getting quotes for cheap insurance after a speeding ticket. The information is based on a married male driver, full physical damage coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could cut expenses by $298 a year by switching from a $100 deductible to a $500 deductible, or save $452 by using a $1,000 deductible. Youthful drivers, like the age 20 example, could possibly save up to $1,002 each year by selecting a higher deductible. If you do raise deductibles, it is necessary to have enough in a savings account to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Discount Henderson auto insurance
Car insurance companies that provide coverage after a speeding ticket could also offer special discounts that could reduce prices by 35% or more if you qualify. A few popular companies and some of the discounts are included below.
- Progressive offers premium reductions for online quote discount, continuous coverage, multi-vehicle, good student, and online signing.
- SAFECO may include discounts for bundle discounts, homeowner, anti-lock brakes, multi-car, accident prevention training, teen safety rewards, and safe driver.
- American Family offers discounts for early bird, Steer into Savings, good student, TimeAway discount, accident-free, bundled insurance, and air bags.
- MetLife discounts include claim-free, multi-policy, good driver, defensive driver, good student, and accident-free.
- GEICO offers discounts including air bags, federal employee, good student, daytime running lights, and anti-theft.
- The Hartford has discounts for defensive driver, anti-theft, driver training, bundle, and air bag.
The chart below illustrates the comparison of insurance costs with and without discounts applied to the premium. Data assumes a male driver, one speeding ticket and no accidents, Nevada state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, paperless filing, homeowner, paid-in-full, anti-theft, and vehicle safety discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance after a speeding ticket is 28% or $742.
Compare rates to save
Nevada car insurance rates are impacted by many things that control the cost of your policy. Improving your credit rating, having a claim, or getting a ticket for running a stop sign can trigger rate changes resulting in some companies being cheaper than before. Not only may things change on your end, but auto insurance companies amend premium rates multiple times each year to ensure their profitability. Higher than usual claims may cause rate hikes, while lower claim expenses can produce lower-priced Henderson car insurance rates.
For instance, the bar chart below shows which company has the cheapest car insurance in Henderson, NV for a 35-year-old female driver with no prior claims, no tickets, and excellent credit. If we estimate prices based on her current risk factors, Travelers might quote the cheapest car insurance rates in Henderson at $1,418 each year. This is $156 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also make the list of the best Henderson, NV auto insurance companies.
The next chart shows rates after we give the driver from above a couple of claims, bad credit, and a speeding citation. Since each insurance company uses their own formula for filing rates in each state, comparing insurance quotes may now present a different list of cheap Henderson auto insurance companies as shown below.
Allied now has the cheapest insurance rate in Henderson with GEICO, Safeco, Nationwide, and USAA completing the list. This example proves why it is critical to spend some time comparing rates when trying to get the most affordable auto insurance quotes after a speeding ticket. Car insurance prices are influenced by many different factors and can decrease or increase without notice, so the best price when you bought your policy may now be one of the higher cost companies.