The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, especially when searching for the cheapest coverage for drivers over age 50. Because of the high cost, let’s start the ball rolling by going over some of the factors that have an impact on auto insurance rates, and find a few ways to slash the price of your next policy.
The make and model of vehicle needing coverage is one of the largest factors that determines whether or not you find the best cheap auto insurance for drivers over age 50. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost much more to insure than more modest models.
The next table outlines insurance rates for some of the most affordable automobiles to insure in Nevada.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$2,127|
|Ford Escape Limited 2WD||$2,176|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,331|
|Honda Odyssey LX||$2,340|
|Ford F-150 XL Regular Cab 4WD||$2,380|
|Ford Explorer XLT 2WD||$2,385|
|Ford Focus SE 4-Dr Sedan||$2,469|
|Toyota Camry LE||$2,518|
|Toyota RAV4 Limited 4WD||$2,525|
|Jeep Grand Cherokee Laredo 4WD||$2,518|
|Chevrolet Equinox LT 2WD||$2,523|
|Volkswagen Jetta LE 4-Dr Sedan||$2,518|
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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-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in Henderson, NV location which can revise auto insurance rates significantly.
Looking at the numbers, we can assume that cars like the Honda CR-V, Ford Escape, Jeep Wrangler, Honda Odyssey, and Toyota Prius are going to be the most affordable vehicles to insure for older drivers.
Deciphering which company offers the lowest-priced car insurance rates for drivers over age 50 calls for a little more effort than just getting one or two price quotes. Each insurance company has a proprietary formula for setting rates, so let’s take a look at the most competitive car insurance companies in Henderson, NV.
Find the Cheapest Auto Insurance for Age 50+
|Rank||Company||Cost Per Year|
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Travelers generally has some of the cheapest car insurance rates in Henderson at around $912 each year. This is $662 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also are some of the cheaper Henderson, NV auto insurance companies.
As illustrated above, if you are a customer of Oregon Mutual and switched to Travelers, you could see an annual savings of about $281. Insureds with Progressive may save as much as $290 a year, and American Family policyholders might cut rates by $318 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or visit several of the following companies.
Understand that those policy rates are averaged for all drivers and vehicles in Nevada and and are not figured with an exact zip code location for drivers over age 50. So the car insurance company that is most affordable for your situation may not even be in the list above. That’s why you need to get car insurance quotes using your own driver data and vehicle information.
One of the many things that determine auto insurance rates is where you keep your vehicle in Henderson. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.
The illustration below rates the highest-priced areas in Nevada for drivers over age 50 in which to buy car insurance. Henderson is listed at #8 with a yearly premium of $1,715 for the average insurance policy, which is about $143 per month.
|5||North Las Vegas||$1,900|
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Price information shown is comparative as the specific area where the vehicle is garaged can change price quotes greatly.
Discounts on Henderson insurance
Insurance providers that provide coverage for drivers over age 50 could also offer policy discounts that could potentially reduce rates by as much as 30% if you can meet the requirements. A list of car insurance companies and a selection of discounts include:
- Mercury Insurance may include discounts for location of vehicle, multi-car, annual mileage, type of vehicle, and anti-theft.
- Farmers Insurance has discounts for teen driver, pay in full, bundle discounts, homeowner, business and professional, and distant student.
- Farm Bureau may offer discounts for youthful driver, 55 and retired, multi-vehicle, good student, safe driver, and renewal discount.
- State Farm offers discounts for Drive Safe & Save, good driver, Steer Clear safe driver discount, safe vehicle, multiple autos, passive restraint, and defensive driving training.
- Allstate includes discounts for teenSMART discount, senior citizen, passive restraint, good student, 55 and retired, early signing, and new car.
- GEICO may have discounts that include five-year accident-free, anti-lock brakes, defensive driver, driver training, membership and employees, and federal employee.
The illustration below illustrates the difference between yearly insurance costs with and without discounts applied to the rates. The prices are based on a male driver, no violations or claims, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with marriage, homeowner, defensive driving course, safe-driver, multiple vehicle, and multiple policy discounts applied. In this example, the average savings per year on car insurance for drivers over age 50 is 30% or $640.
Best car insurance in Henderson
Selecting a high-quality car insurance company can be challenging considering how many companies there are in Henderson. The company ratings in the next section can help you choose which companies you want to consider to insure your vehicles.
These rankings are only comprised of companies with a nationwide focus, so companies that only write business in Nevada or surrounding areas will not be included in this list. To get price quotes and find cheaper insurance for drivers over age 50, just click here.
Top 10 Large Auto Insurance Companies in Henderson Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Top 10 Large Auto Insurance Companies in Henderson Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
The illustration below illustrates how your choice of deductibles can increase or decrease insurance rates when quoting cheap insurance for drivers over age 50. The price estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.
As shown above, a 40-year-old driver could save $298 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $452 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could save up to $1,002 every year by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it is essential to have additional savings on hand to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
If you aren’t sure which coverage you need and prefer to get some help when trying to find the best insurance rates for drivers over age 50, the insurance agencies below can probably help you make a decision which car insurance company is the best fit.
To find a Henderson insurance agent close to you, click the button below the list or click here to compare rates now.
Eugene Ramos – State Farm Insurance Agent
1205 W Warm Springs Rd #107 – Henderson, NV 89014 – (702) 597-1750
Nikkol Jackson Insurance Agency
701 N Green Valley Pkwy #200 – Henderson, NV 89074 – (702) 451-9799
Allstate Insurance: Helene Karp
305 N Pecos Rd c – Henderson, NV 89074 – (702) 436-0200
Allstate Insurance: Kevin Walker
55 S Gibson Rd #106 – Henderson, NV 89012 – (702) 938-5050
Ideas for finding low-cost auto insurance for drivers over age 50
The list below shows many thrifty solutions that can help Henderson drivers find more affordable coverage.
- Raise deductibles
- Multi-policy discounts save money
- Claim-free drivers earn discounts
- Lower rates by purchasing a safer vehicle
- Higher credit scores can equal lower rates
- Do not pay for full coverage if not needed
- Compare prices frequently to find the best deal
The final tip is especially important, as was emphasized in the article above. Prices can be adjusted at any time, so you should be ready to switch companies if a lower price can be found. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that inflexibility results in costing you hundreds of dollars year after year. In just a couple of minutes you could shop around and find cheaper car insurance for drivers over age 50 in Henderson.