Who Has the Cheapest Auto Insurance Rates for College Graduates in Henderson?

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.

How much does car insurance cost in Henderson, NV?
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
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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.

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Nevada auto insurance company rankings
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
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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.

Cheapest Vehicles to Insure in Henderson, NV
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
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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.

Best 15 Auto Insurance Companies for College Graduates in Nevada
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
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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

Cheaper Henderson, NV auto insurance for college gradsAuto 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:

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.