The words “cheap” and “auto insurance” really should not be used together, specifically when comparison shopping for the cheapest auto insurance for hybrid vehicles. To help control this cost, let’s lead off by showing you some situations that have an effect on insurance prices, and come up with some ways to shave a little off the next policy you buy.
For hybrids, one of the big considerations that aid in calculating the amount you pay each year for auto insurance is where you call home. Areas with high crime rates or more dense population will most likely have higher rates, whereas less populated areas receive better rates.
The next table lists the most expensive cities in Nevada for hybrid vehicles in which to buy car insurance. Henderson is ranked at #8 with an annual rate of $1,697 for the average insurance policy, which is about $141 each month.
|7||North Las Vegas||$1,844|
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Premium costs are estimated as specific location information can increase or decrease coverage prices considerably.
Determining which company offers the cheapest car insurance rates for hybrid vehicles requires a bit more effort in order to find the lowest price quote. Every auto insurer uses a slightly different approach to set premium rates, so let’s examine the most competitive car insurance companies in Henderson, NV.
Cheapest Insurance Rates for Hybrids
|Rank||Company||Cost Per Year|
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Allied may have some of the lowest car insurance rates in Henderson at around $911 annually. This is $663 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and GEICO would also be considered some of the more affordable Henderson, NV car insurance companies.
As illustrated above, if you currently have a policy with Oregon Mutual and switched to Allied, you could realize yearly savings of in the vicinity of $271. Customers with GEICO might save as much as $308 a year, and American Family policyholders might reduce rates by $319 a year.
To get a quick, customized rate comparison, click here or visit several of the following companies.
Bear in mind that those policy prices are averaged across all drivers and vehicles in Nevada and and are not calculated with an exact location for hybrid vehicles. So the company that has the cheapest rates for you may not even be in the top 20 companies in the list above. That is why you need to get quotes using your own driver data and vehicle information.
The vehicle you are trying to insure is a large consideration that determines if you can find economical car insurance for hybrid vehicles. Vehicles with high performance features, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.
The next list illustrates insurance prices for a handful of the most affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX-L 4-Dr Sedan||$2,175|
|Honda CR-V LX 2WD||$2,261|
|Ford Escape Limited 2WD||$2,321|
|Ford Edge SE 2WD||$2,401|
|Dodge Grand Caravan CV||$2,452|
|Hyundai Elantra GLS 4-Dr Sedan||$2,497|
|Ford F-150 XL Crew Cab 4WD||$2,503|
|Ford Fusion SEL 4-Dr Sedan||$2,541|
|Volkswagen Jetta SE 4-Dr Sedan||$2,549|
|Jeep Grand Cherokee SRT-8 4WD||$2,541|
|Ford Explorer Eddie Bauer 2WD||$2,545|
|Ford Focus S 4-Dr Sedan||$2,551|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$2,589|
|Chevrolet Impala LT||$2,596|
|Toyota RAV4 Limited 4WD||$2,602|
|Toyota Tacoma Double Cab 4WD||$2,647|
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Above prices assume single male driver age 40, 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 amounts do not factor in zip code location which can lower or raise coverage rates considerably.
Looking at the rates, we can tell that cars like the Honda Accord, Honda CR-V, Ford Escape, Ford Edge, and Dodge Grand Caravan are likely to be a few of the cheapest vehicles to insure for hybrids.
The illustration below illustrates how choosing a deductible can influence insurance costs when quoting cheap insurance for hybrid vehicles. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could cut expenses by $238 a year by switching from a $100 deductible up to a $500 deductible, or save $360 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, could lower their rates as much as $714 or even more by choosing a larger deductible amount.
When increasing deductibles, it will now be necessary to have emergency funds available to pay the extra out-of-pocket expense associated with higher deductibles.
Cautious Henderson drivers save money
A great way to receive the cheapest car insurance prices in Henderson for hybrids is to drive attentively and avoid tickets and accidents. The diagram below demonstrates how citations and fender-benders can raise insurance premiums for each different age category. The data is based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of a car insurance policy in Henderson per year with no violations or accidents is $1,971. Factor in one speeding ticket and the average cost jumps to $2,223, an increase of $252 each year. Then add in two accidents along with the one speeding ticket and the annual cost of car insurance for hybrid vehicles jumps again to an average of $4,470. That’s an increase of $2,499, or $208 per month, just for not being attentive to the road!
Why you are probably overpaying for car insurance
Henderson car insurance rates are determined by lots of factors which can substantially decrease or increase the price you pay. Improving your credit rating, moving to a new city, or getting a speeding ticket may cause policy rate changes resulting in some companies being more affordable than competitors.
And not only may your rating factors change, but companies file new Nevada car insurance rates without warning to help ensure profitability. Significantly higher claims can result in more expensive prices, while a profitable period can cause cheaper Henderson car insurance rates.
For instance, the graph below demonstrates which company has the cheapest car insurance in Henderson, NV for a 30-year-old female driver with no accidents, a clean driving record, and good financial standing. If we estimate rates based on her current risk factors, Allied might quote the most affordable car insurance rates in Henderson at $1,453 each year. This is $121 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are the remaining best Henderson, NV auto insurance companies.
Now we will give the driver in the first example a chargeable claim, less-than-perfect credit, and a traffic citation. Since each auto insurance company uses their own method for setting rates, analyzing rates may now result in a different set of the cheapest Henderson car insurance companies as shown below.
GEICO now has the lowest price on auto insurance in Henderson with Nationwide, USAA, Safeco, and Travelers also being competitive. This illustrates why consumers need to compare as many rates as possible when trying to get the lowest insurance rates for hybrid vehicles.
Rates can be altered by many different factors and can change without notice, so the cheapest rate the last time you compared rates may now be costing you a lot of money.