Who Has Cheap Car Insurance for a 20 Year Old Male in Henderson?

One of the many components that are used to help calculate car insurance rates is the neighborhood you call home in Henderson. Regions with larger populations or more claims tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.

The information below lists the priciest cities in Nevada for 20 year old guys to buy car insurance in. Henderson is ranked at #8 costing $1,749 for coverage, which is around $146 each month.

How much does car insurance cost in Henderson, NV?
Rank City Average Per Year
1 Winchester $2,158
2 Paradise $2,041
3 Sunrise Manor $2,008
4 Spring Valley $2,000
5 Enterprise $1,908
6 Las Vegas $1,892
7 North Las Vegas $1,826
8 Henderson $1,749
9 Boulder City $1,511
10 Mesquite $1,365
11 Pahrump $1,337
12 Sparks $1,304
13 Sun Valley $1,292
14 Spanish Springs $1,266
15 Reno $1,244
16 Dayton $1,141
17 Fernley $1,137
18 Carson City $1,136
19 Gardnerville Ranchos $1,104
20 Elko $1,092
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Annual rates are comparative as specific Henderson garaging address can decrease or increase premium rates noticeably.

The make and model of vehicle requiring insurance is one of the largest considerations when comparing cheap auto insurance for 20 year old guys. Vehicles with limited top-end speed, a plethora of safety features, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.

The list below illustrates insurance rates for a handful of the most affordable vehicles to insure in Nevada.

Cheapest Vehicles to Insure in Henderson, NV
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 4WD $5,190
Honda CR-V EX 4WD $5,266
Hyundai Elantra SE Touring Station Wagon $5,652
Volkswagen Jetta S 2.5 Station Wagon $5,661
Chevrolet Silverado LS Regular Cab 4WD $5,697
Toyota Prius $5,729
Dodge Grand Caravan CV $5,774
Ford F-150 XLT Crew Cab 2WD $5,784
Jeep Wrangler Sahara 4WD 2-Dr $5,774
Chevrolet Impala LS $6,083
Ford Focus S 4-Dr Sedan $6,090
Honda Odyssey EX W/Rear Entertainment $6,083
Honda Civic DX 4-Dr Sedan $6,092
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Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in vehicle location which can decrease or increase premium rates greatly.

Looking at the rates, we can conclude that vehicles like the Ford Escape, Honda CR-V, and Hyundai Elantra should be the most economical vehicles to insure for young men. The cost of auto insurance will tend to be more expensive anyway just because there is more risk for 20 year old guys, but overall those particular models will have the least expensive rates available.

Finding out which company quotes the lowest-priced auto insurance rates for 20 year old guys involves a little more sweat than just getting one or two price quotes. Every car insurance company uses their own calculation for setting prices, so we need to take a look at the auto insurance companies that tend to have lower prices in Henderson.

Lowest Insurance Price Quotes for Men Age 20

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Rankings for the cheapest car insurance companies in Nevada
Rank Company Cost Per Year
1 Allied $921
2 Travelers $939
3 Capital $1,018
4 American Family $1,182
5 Oregon Mutual $1,182
6 GEICO $1,219
7 Progressive $1,238
8 Nationwide $1,295
9 Safeco $1,306
10 USAA $1,323
11 Farmers $1,438
12 MetLife $1,615
13 Country $1,651
14 State Farm $1,698
15 Mercury $1,807
16 Victoria $2,073
17 Liberty Mutual $2,183
18 Bristol West $2,336
19 Allstate $2,337
20 Encompass $2,684
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Allied may have some of the lowest car insurance rates in Henderson at around $921 each year. Travelers, Capital, American Family, and Oregon Mutual would also make the list of some of the cheapest Henderson, NV insurance companies.

As the example above demonstrates, if you are currently insured with American Family and switched to Travelers, you may see yearly savings of roughly $243. Policyholders with Oregon Mutual may save as much as $243 a year, and GEICO policyholders might cut rates by $280 a year.

Understand that those premium estimates are averaged across all drivers and vehicles in Nevada and and are not calculated with an exact location for 20 year old guys. So the insurer that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get car insurance quotes using your own driver data and vehicle information.

Cost of full coverage in Henderson

Reducing premiums for auto insurance is probably important to most vehicle owners, and an easy way to lower the cost of insurance for 20 year old guys is to buy only liability coverage. The chart below visualizes the comparison of premium costs with full physical damage coverage and with liability coverage only. The information is based on no claims or violations, $250 deductibles, single status, and no policy discounts are applied.

If we average all the age groups together, full coverage costs $1,621 per year over and above liability only. That is a large expense and it proposes the question when is it safe to stop buying full coverage. There is no set rule of when to eliminate full coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying your deductible. If you are paying more than $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few situations where removing full coverage is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Auto insurance companies ranked

Insuring your vehicle with a high-quality car insurance company is hard considering how many different companies insure vehicles in Nevada. The ranking information shown next could help you select which auto insurance companies to look at purchasing coverage from.

The rankings below are for large, nationwide insurance companies, so companies without a large exposure are not taken into consideration for the list. To compare prices from these top-rated insurers and more, follow this link.

Top 10 Large Auto Insurers in Henderson Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Top 10 Large Auto Insurers Overall in Henderson

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance

How to find more affordable auto insurance for 20 year old guys

Below you’ll find some of the recommended penny-pinching solutions that can help Henderson drivers quote lower-cost coverage.

The last suggestion is notably important, as was discussed in this article. Coverage rates adjust frequently, so drivers shouldn’t hesitate to change to a new company if you can find a cheaper rate.

Sticking with a specific company is fine, but it’s not a good idea if that stubbornness costs you several hundred dollars every year. It only takes a couple minutes to compare rates and find cheaper auto insurance for 20 year old guys in Henderson.

The professional agents shown below can aid you in deciding which coverage fits your budget, as lots of drivers aren’t clear which coverage they need and would like to have some advice when shopping for the best coverage for 20 year old guys. It can be challenging to find coverage yourself, so using a licensed agent can give you comfort knowing you have adequate coverage when you need it most. To locate a Henderson insurance agent close to where you live, click the button at the bottom of the list.

View map of Henderson, NV insurance agents