It would sure make life easier if we could simply tell you the single best company that has the most affordable insurance in Nevada. It’s not that easy, however, as there are a whole slew of unknown factors such as any tickets or violations, when you were born, and the miles you drive each year, that all have an effect on the price of a policy. This article delves into the causes of high insurance rates and will hopefully give the reader a good start in finding the cheapest car insurance.
For college grads, one of the big things that are used to help calculate car insurance rates is where you live in Henderson. Areas with a lot of weather claims or more people are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The next table lists the highest-priced places in Nevada for college graduates to buy auto insurance in. Henderson shows up at #8 with a yearly premium of $1,749 for the average insurance policy, which is about $146 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Winchester | $2,158 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Paradise | $2,061 |
| 4 | Spring Valley | $2,040 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,927 |
| 7 | North Las Vegas | $1,900 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,557 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,364 |
| 12 | Sparks | $1,317 |
| 13 | Reno | $1,282 |
| 14 | Sun Valley | $1,266 |
| 15 | Spanish Springs | $1,253 |
| 16 | Carson City | $1,158 |
| 17 | Dayton | $1,141 |
| 18 | Elko | $1,114 |
| 19 | Gardnerville Ranchos | $1,104 |
| 20 | Fernley | $1,103 |
| Compare Prices Now Go | ||
Rate quotes are approximated as the specific Henderson residence address can decrease or increase coverage rates substantially.
Finding good, budget insurance is tough enough, and finding out which companies offer the best auto insurance rates for college graduates involves additional perseverance.
Every insurance provider uses their own method to set premium rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Henderson. It’s a good idea to be aware that Henderson, NV auto insurance rates are impacted by many factors which can significantly increase or decrease the policy premium. Improving your credit rating, buying higher coverage limits, or getting a driving violation can trigger price changes resulting in some companies being higher-priced than the competition.
Find the Cheapest Car Insurance for Grads
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $903 |
| 2 | Allied | $949 |
| 3 | Capital | $1,018 |
| 4 | Oregon Mutual | $1,147 |
| 5 | American Family | $1,194 |
| 6 | GEICO | $1,232 |
| 7 | Progressive | $1,238 |
| 8 | USAA | $1,284 |
| 9 | Safeco | $1,306 |
| 10 | Nationwide | $1,321 |
| 11 | Farmers | $1,438 |
| 12 | MetLife | $1,615 |
| 13 | Country | $1,668 |
| 14 | State Farm | $1,732 |
| 15 | Mercury | $1,825 |
| 16 | Victoria | $2,011 |
| 17 | Liberty Mutual | $2,161 |
| 18 | Bristol West | $2,336 |
| 19 | Allstate | $2,408 |
| 20 | Encompass | $2,604 |
| Find Your Rate Go | ||
Travelers has some of the cheapest car insurance rates in Henderson at around $903 a year. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also make the list of some of the most economical Henderson, NV auto insurance companies.
In the rate table above, if you buy coverage from Allied and switched to Travelers, you could realize an annual savings of in the vicinity of $46. Policyholders with Capital might save as much as $115 a year, and Oregon Mutual customers might reduce rates by $244 a year.
Understand that those policy rates are averages across all drivers and vehicles and and are not figured with an exact vehicle garaging location for college graduates. So the car insurance company that can offer you the best price may not even be in the list above. That is why you need to get rate quotes using your own driver data and vehicle information.
The vehicle that needs insurance is one of the main factors when comparing quotes for the most economical auto insurance for college graduates. Vehicles with average performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than high performance models. The list below ranks coverage costs for the most cost-effective automobiles to insure in Nevada.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $2,172 |
| Honda CR-V EX 4WD | $2,222 |
| Ford Focus S 4-Dr Sedan | $2,524 |
| Toyota RAV4 Limited 4WD | $2,574 |
| Hyundai Elantra SE Touring Station Wagon | $2,651 |
| Toyota Prius | $2,714 |
| Nissan Rogue SL 2WD | $2,753 |
| Toyota Tacoma 4WD | $2,767 |
| Ford Explorer Eddie Bauer 2WD | $2,776 |
| Volkswagen Jetta SE 2.5 Station Wagon | $2,797 |
| Chevrolet Equinox LT 2WD | $2,817 |
| Ford Edge SEL AWD | $2,837 |
| Dodge Grand Caravan Crew | $2,873 |
| Chevrolet Impala LT | $2,900 |
| Toyota Camry Hybrid | $2,943 |
| Get a Custom Quote Go | |
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in zip code location which can decrease or increase price quotes substantially.
Looking at the data, you can infer that makes and models like the Ford Escape, Honda CR-V, and Ford Focus will be some of the less-costly vehicles to insure for college grads.
Ending up with the highest-rated auto insurance provider can be challenging considering how many choices you have in Nevada. The information shown next can help you analyze which auto insurance companies to look at when comparing rates. The rankings below include companies with a national presence, so smaller companies are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Irresponsible driving raises your rates
A great way to snag cheap auto insurance premiums in Henderson for college grads is to drive carefully and avoid traffic citations and accidents. The example below highlights how traffic violations and at-fault accidents raise car insurance costs for different insured age categories. The price estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The chart shows that the average cost of an auto insurance policy in Nevada per year with no violations or accidents is $1,791. Add in two speeding tickets and the average cost rises to $2,379, an increase of $587 each year. Now add two accidents along with the two speeding tickets and the annual cost of auto insurance for college graduates goes up to an average of $4,442. That’s an increase of $2,650, or $221 per month, just for a couple of infractions!
How to get discounts on Henderson auto insurance
Auto insurance companies that offer cheap quotes for college graduates may also give you rate discounts that could reduce prices by 35% or more if you meet certain criteria. Popular auto insurance companies and the discounts they provide are:
- GEICO may have discounts that include federal employee, five-year accident-free, anti-theft, defensive driver, and air bags.
- Mercury Insurance may offer discounts for accident-free, good student, anti-theft, multi-car, low natural disaster claims, and good driver.
- Farmers Insurance offers premium reductions for youthful driver, business and professional, bundle discounts, early shopping, mature driver, and homeowner.
- Auto-Owners Insurance offers discounts including good student, paperless, teen driver, anti-theft, multi-policy, air bags, and company car.
- Liberty Mutual has discounts for new move discount, safety features, new graduate, exclusive group savings, hybrid vehicle, teen driver discount, and preferred payment discount.
- SAFECO has savings for drive less, homeowner, multi-car, teen safety rewards, accident prevention training, bundle discounts, and anti-lock brakes.
- Progressive policyholders can earn discounts including online signing, multi-policy, good student, multi-vehicle, homeowner, continuous coverage, and online quote discount.
- USAA offers discounts for multi-vehicle, loyalty savings, safe driver, defensive driver, and new vehicle.
The illustration below shows the comparison of car insurance costs with and without some available policy discounts. The prices are based on a male driver, a clean driving record, no claims, Nevada state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, marriage, multiple vehicle, defensive driving course, homeowner, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on auto insurance for college graduates is 28% or $659.
Low rates today, overpriced tomorrow
Nevada auto insurance rates are based on many factors that control the price you have to pay for coverage. Improving your credit rating, getting married, or having a fender bender can produce rate changes that can make some companies more affordable than others. In addition, companies file new Nevada auto insurance rates multiple times each year in order to protect their financial rating. An unexpected high level of claims can result in additional price hikes, while lower claims can cause lower-cost Henderson car insurance rates.
To illustrate this example, the bar chart below shows which companies have the cheapest car insurance in Henderson, NV for a 35-year-old male driver with a good driving record, no prior claims, and a high credit rating. When comparing rates based on his personal risk profile, Travelers might quote the cheapest car insurance rates in Henderson at $1,545 each year. This is $29 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive are also on the list of the best Henderson, NV auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates an at-fault accident, a lower credit score, and an imperfect driving record. Because each insurer has their own guidelines for determining rates, comparing insurance quotes may result in a significantly different list of cheap Henderson auto insurance companies as shown below.
GEICO now has the cheapest car insurance in Henderson, NV with Nationwide, USAA, Safeco, and Allied completing the list. This example illustrates why Nevada drivers need to shop around when trying to find affordable insurance quotes for college graduates.
Insurance prices can be determined by many different factors and can increase or decrease at any time, so the cheapest option the last time you checked may now be priced much higher than other options.