Establishing which insurers offer the best insurance rates for uninsured drivers requires a little more effort in order to find the lowest price.
Each auto insurer has a different formula for setting prices, so we’ll take a look at the most budget-friendly insurance companies in Nevada. It’s a good idea to know that Nevada insurance rates are based on many factors that control the price you pay for coverage. Simply turning a year older, filing a claim, or getting caught speeding can produce rate changes that may make certain companies more affordable than competitors.
Best Auto Insurance Prices in Nevada
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $912 |
| 2 | Allied | $939 |
| 3 | Capital | $1,018 |
| 4 | Progressive | $1,190 |
| 5 | Oregon Mutual | $1,193 |
| 6 | American Family | $1,218 |
| 7 | GEICO | $1,219 |
| 8 | USAA | $1,297 |
| 9 | Safeco | $1,306 |
| 10 | Nationwide | $1,321 |
| 11 | Farmers | $1,438 |
| 12 | Country | $1,602 |
| 13 | MetLife | $1,631 |
| 14 | State Farm | $1,749 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,183 |
| 18 | Bristol West | $2,313 |
| 19 | Allstate | $2,337 |
| 20 | Encompass | $2,684 |
| Compare Rates Now Go | ||
Travelers has some of the lowest car insurance rates in Henderson at around $912 annually. This is $662 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Progressive, and Oregon Mutual also make the cut as some of the more affordable Henderson, NV car insurance companies.
As the rates illustrate above, if you are a policyholder with Progressive and switched to Travelers, you could earn a yearly price reduction of about $278. Insureds with Oregon Mutual might save as much as $281 a year, and American Family customers might reduce prices by as much as $306 a year.
It’s important to note that these premiums are averages across all insureds and vehicles and do not factor in a specific vehicle garaging location for uninsured drivers. So the insurer that can offer you the best price may not even be in the top 20 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.
The make and model of vehicle on the policy is one of the largest considerations when consumers are trying to find the most affordable auto insurance for uninsured drivers. Vehicles with more horsepower, poor safety ratings, or a track record of large liability claims will cost substantially more to insure than safer models.
The data below estimates car insurance rates for a selection of the most affordable vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Dodge Grand Caravan CV | $1,728 |
| Honda Odyssey EX | $1,786 |
| Honda CR-V EX-L 4WD | $1,789 |
| Chevrolet Equinox LS AWD | $1,823 |
| Ford F-150 Lariat Crew Cab 4WD | $1,859 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,881 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,884 |
| Ford Escape Limited 4WD | $1,899 |
| Toyota Corolla XLE | $1,918 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,954 |
| GMC Sierra SLE Extended Cab 4WD | $1,960 |
| Toyota Prius | $1,960 |
| Ford Explorer Eddie Bauer 2WD | $1,967 |
| Ford Focus SES 2-Dr Coupe | $2,046 |
| Toyota RAV4 2WD | $2,068 |
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Information does not factor in specific zip code location which can lower or raise rates significantly.
Based upon the table data, makes and models like the Dodge Grand Caravan, Honda Odyssey, Honda CR-V, Chevrolet Equinox, and Ford F-150 will be a few of the most affordable vehicles to insure for drivers with no prior coverage.
One of the many considerations that determine the amount you pay for auto insurance is where you live. Areas with more people or more claims tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.
The table below rates the most expensive places in Nevada for uninsured drivers to purchase a policy in. Henderson shows up at #8 with a yearly premium of $1,767 for coverage, which is around $147 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,158 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Spring Valley | $2,060 |
| 4 | Paradise | $2,041 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,908 |
| 7 | North Las Vegas | $1,882 |
| 8 | Henderson | $1,767 |
| 9 | Boulder City | $1,511 |
| 10 | Pahrump | $1,364 |
| 11 | Sparks | $1,317 |
| 12 | Mesquite | $1,311 |
| 13 | Reno | $1,294 |
| 14 | Sun Valley | $1,292 |
| 15 | Spanish Springs | $1,266 |
| 16 | Gardnerville Ranchos | $1,138 |
| 17 | Fernley | $1,137 |
| 18 | Dayton | $1,130 |
| 19 | Spring Creek | $1,125 |
| 20 | Elko | $1,125 |
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Annual rates are estimated as specific location information can decrease or increase rates considerably.
Henderson insurance companies ranked
Buying coverage from the top company can be difficult considering how many companies sell insurance in Henderson. The information shown next can help you choose which companies to look at when trying to find the cheapest insurance for uninsured drivers. These rankings only include large insurance companies, so companies that only write business in Nevada or surrounding areas are not included in this list.
Top 10 Major Auto Insurance Companies in Henderson Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
Top 10 Major Auto Insurance Companies Overall in Henderson
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Mercury Insurance
Cost of full coverage
Reducing the cost of insurance is important to the majority of people, and one of the fastest ways to buy cheap insurance for uninsured drivers is to not buy full coverage. The example below visualizes the comparison of premium costs with full coverage compared to only the Nevada minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs $1,768 per year over having just liability coverage. Many drivers may wonder if paying for full coverage is a waste of money. There is no definitive guideline that works best for making the decision to drop full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s say your vehicle’s replacement cost is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after paying your policy deductible. If you are paying more than $850 a year to have full coverage, then you might want to think about dropping full coverage.
There are some cases where eliminating full coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Discount Henderson insurance rates
Insurance providers that offer coverage for uninsured drivers could also offer discounts that can lower rates by as much as 35% or more if you are eligible for them. A list of companies and some of the premium reductions they offer are detailed below.
- The Hartford has savings for driver training, anti-theft, bundle, good student, defensive driver, and vehicle fuel type.
- American Family policyholders can earn discounts including bundled insurance, accident-free, Steer into Savings, air bags, mySafetyValet, good driver, and early bird.
- Progressive may include discounts for multi-policy, online quote discount, continuous coverage, multi-vehicle, good student, homeowner, and online signing.
- Travelers discounts include multi-car, IntelliDrive, hybrid/electric vehicle, save driver, and continuous insurance.
- Farmers Insurance offers discounts for business and professional, alternative fuel, bundle discounts, distant student, teen driver, good student, and youthful driver.
- USAA has discounts for multi-policy, defensive driver, family discount, good student, vehicle storage, annual mileage, and multi-vehicle.
- Liberty Mutual may have discounts that include multi-car, exclusive group savings, newly married, good student, and new vehicle discount.
The illustration below shows the comparison of auto insurance rates with and without discounts applied to the premium. The premiums assume a female driver, no accidents, no driving violations, Nevada state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with passive restraint, homeowner, anti-theft, vehicle safety, claim-free, and marriage discounts applied. When drivers take advantage of discounts, theamount saved on insurance for uninsured drivers is 27% or $512.
How to find budget-friendly auto insurance for uninsured drivers
It is possible to find better rates, and here are many money-saving solutions that can help Nevada drivers get low-cost car insurance.
- Buy a vehicle with excellent safety ratings
- Being accident-free can lower rates significantly
- Raise deductibles
- Avoid getting tickets or violations
- Do not pay for full coverage if not needed
- Clean up your credit rating
- Shop around for lower rates once a year
The last tip is incredibly vital, as we pointed out in this piece. Rates can change in a short period of time, so don’t be hesitant to buy a different policy if a lower price can be found.
Many drivers prefer to stick with one company, but we do not recommend it if that devotion results in you overpaying a small fortune. Take a few minutes and compare prices to find cheaper insurance for uninsured drivers in Henderson.
The agencies below can help you make a decision which policy fits your needs best, since some drivers wish to have professional advice when shopping for cheaper insurance for uninsured drivers. It can be complicated to find the best rates on your own, so insurance agents can provide comfort knowing your coverage gives you decent coverage if you have a claim. To find a Henderson insurance agent close to you, click the button following the list or click here to compare price quotes now.
- High Desert Insurance Agency
140 E Horizon Dr – Henderson, NV 89015 – (702) 558-8587 - Balsiger Insurance
3481 E Sunset Rd #100 – Las Vegas, NV 89120 – (702) 220-8640 - Allstate Insurance: Conner Family and Associates, LLC
30 S Water St a – Henderson, NV 89015 – (702) 564-0665 - Farmers Insurance: Ronald Fowler
2470 St Rose Pkwy Suite 315 – Henderson, NV 89074 – (702) 478-5720