Establishing which company offers the best car insurance rates for retired military calls for more work than just quoting one company’s rates. Each insurance company uses different criteria to determine rates, so to begin we’ll rank the most affordable car insurance companies in Nevada.
It’s important that readers know that Henderson, NV car insurance rates are based on many factors that control the cost of a policy. Improving your credit score, getting married, or getting a driving violation may generate price changes that can now make some companies cheaper than before.
Best Insurance Companies for Vets
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $939 |
| 2 | Travelers | $939 |
| 3 | Capital | $978 |
| 4 | American Family | $1,182 |
| 5 | Oregon Mutual | $1,182 |
| 6 | Progressive | $1,202 |
| 7 | GEICO | $1,269 |
| 8 | USAA | $1,284 |
| 9 | Nationwide | $1,334 |
| 10 | Safeco | $1,360 |
| 11 | Farmers | $1,496 |
| 12 | MetLife | $1,615 |
| 13 | Country | $1,668 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,771 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,183 |
| 18 | Allstate | $2,337 |
| 19 | Bristol West | $2,384 |
| 20 | Encompass | $2,604 |
| Quote Your Rates Go | ||
Allied generally has some of the cheapest car insurance rates in Henderson at around $939 a year. Travelers, Capital, American Family, and Oregon Mutual also are some of the best Henderson, NV car insurance companies.
As depicted above, if you are a policyholder with Capital and switched to Allied, you may realize yearly savings of around $39. Insureds with American Family may save as much as $243 a year, and Oregon Mutual policyholders might reduce rates by $243 a year.
It’s important to note that these premiums are averages across all types of drivers and the different vehicles they drive and do not factor in a specific vehicle garaging location for retired military. So the auto insurance company that fits your needs best may not even be in the list above. That affirms the importance of why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
The make and model of vehicle driven is a large consideration when shopping for affordable car insurance for retired military. Vehicles with lots of horsepower, poor safety ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models. The next list illustrates insurance prices for a handful of the more affordable vehicles to insure in Nevada.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $2,005 |
| Dodge Grand Caravan CV | $2,197 |
| Ford Escape XLS 2WD | $2,216 |
| Ford Edge SEL 2WD | $2,280 |
| Chevrolet Silverado LS Regular Cab 2WD | $2,321 |
| Jeep Grand Cherokee Laredo 4WD | $2,324 |
| Chevrolet Equinox LT AWD | $2,333 |
| Honda Accord EX-L 4-Dr Sedan | $2,333 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $2,393 |
| Honda Odyssey EX-L | $2,447 |
| Ford F-150 XL Crew Cab 4WD | $2,453 |
| Toyota Prius | $2,459 |
| Hyundai Sonata GLS 4-Dr Sedan | $2,491 |
| Volkswagen Jetta SE 4-Dr Sedan | $2,496 |
| Honda Civic Hybrid 4-Dr Sedan | $2,491 |
| Find Cheaper Rates Go | |
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in zip code location which can alter price quotes substantially.
Looking at the data, cars like the Honda CR-V, Dodge Grand Caravan, Ford Escape, Ford Edge, and Chevrolet Silverado will definitely be the less-costly vehicles to insure for veterans.
For veterans, one of the largest components that aid in calculating the annual cost of car insurance is where you call home. Areas with more people or even just a higher incidence of claims tend to pay slightly more, whereas more rural areas receive better rates.
The following table lists the most costly cities in Nevada for retired military to purchase auto insurance in. Henderson ranks #8 with an annual rate of $1,715 for the average insurance policy, which is approximately $143 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,158 |
| 2 | Paradise | $2,041 |
| 3 | Sunrise Manor | $2,008 |
| 4 | Spring Valley | $1,980 |
| 5 | North Las Vegas | $1,900 |
| 6 | Las Vegas | $1,873 |
| 7 | Enterprise | $1,870 |
| 8 | Henderson | $1,715 |
| 9 | Boulder City | $1,557 |
| 10 | Pahrump | $1,337 |
| 11 | Sparks | $1,317 |
| 12 | Mesquite | $1,311 |
| 13 | Sun Valley | $1,292 |
| 14 | Reno | $1,256 |
| 15 | Spanish Springs | $1,229 |
| 16 | Carson City | $1,158 |
| 17 | Gardnerville Ranchos | $1,150 |
| 18 | Dayton | $1,130 |
| 19 | Elko | $1,125 |
| 20 | Fernley | $1,115 |
| Find Cheaper Rates Go | ||
Prices are approximated as specific Henderson garaging address can impact insurance rates significantly.
Get discounts on Henderson car insurance rates
Auto insurance companies that offer cheap quotes for retired military may also offer special discounts that could lower prices by as much as 35% if you meet the requirements. Larger car insurance companies and a partial list of their discounts include:
- Esurance may have discounts that include multi-car, anti-lock brakes, Switch & Save, paid-in-full, and good student.
- The Hartford includes discounts for vehicle fuel type, anti-theft, bundle, air bag, and defensive driver.
- AAA discounts include good student, good driver, anti-theft, multi-car, and multi-policy.
- GEICO offers discounts including good student, daytime running lights, anti-lock brakes, emergency military deployment, multi-policy, membership and employees, and federal employee.
- State Farm offers premium reductions for safe vehicle, multiple policy, student away at school, Steer Clear safe driver discount, good student, driver’s education, and defensive driving training.
The example below illustrates the comparison of yearly insurance costs with and without policy discounts. The premiums assume a male driver, no claims or driving citations, Nevada state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, defensive driving course, safe-driver, multiple vehicle, claim-free, and vehicle safety discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for retired military is 27% or $492.
The diagram below illustrates how choosing a deductible can raise or lower annual premium costs when quoting cheap insurance for retired military. The price estimates are based on a married male driver, full coverage, and no policy discounts are applied.
In the chart above, a 50-year-old driver could lower their policy premium by $298 a year by increasing from a $100 deductible up to a $500 deductible, or save $452 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, could shave up to $1,002 or more just by using higher deductibles. When choosing a higher deductible, it is a good idea to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
How to find economical insurance for retired military
Lowering your rates is not difficult, and here are many money-saving suggestions that can help Henderson drivers locate lower-cost auto insurance.
- Pay for smaller claims out-of-pocket
- Having at-fault accidents will increase rates
- Lower rates by purchasing a safer vehicle
- Increase your credit score
- Do not get traffic tickets
- Compare rates once a year for cheaper prices
That last tip is extremely crucial, as was discussed in the article above. Prices charged by auto insurers vary greatly, so drivers shouldn’t be resistant to buy from a new company if a cheaper price is available.
Many drivers have brand loyalty and that’s fine, but we do not recommend it if that inflexibility results in costing you major coinage every year. Take a couple minutes and compare rates to find cheaper insurance for retired military in Henderson.
If you have coverage questions and would like to get some help when shopping for the best coverage for veterans, the insurance agencies below can help you make a decision which auto insurance policy fits you best. To locate a Henderson insurance agent close to where you live, click the button below the list.
Eugene Ramos – State Farm Insurance Agent
1205 W Warm Springs Rd #107 – Henderson, NV 89014 – (702) 597-1750
GEICO Insurance Agent
19 S Stephanie St #190 – Henderson, NV 89012 – (702) 565-9198
Randy Wilcox – State Farm Insurance Agent
11115 S Eastern Ave #130 – Henderson, NV 89052 – (702) 617-9111