For low mileage drivers, one of the big components that are looked at to determine auto insurance rates is where you keep your car. Larger areas tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The information below sorts the most expensive areas in Nevada for infrequent drivers to buy car insurance in. Henderson shows up at #8 with the annual price of $1,767 on average, which is approximately $147 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,158 |
| 2 | Paradise | $2,061 |
| 3 | Sunrise Manor | $2,029 |
| 4 | Spring Valley | $1,980 |
| 5 | North Las Vegas | $1,882 |
| 6 | Las Vegas | $1,873 |
| 7 | Enterprise | $1,851 |
| 8 | Henderson | $1,767 |
| 9 | Boulder City | $1,557 |
| 10 | Mesquite | $1,351 |
| 11 | Pahrump | $1,323 |
| 12 | Reno | $1,282 |
| 13 | Sparks | $1,265 |
| 14 | Sun Valley | $1,253 |
| 15 | Spanish Springs | $1,216 |
| 16 | Gardnerville Ranchos | $1,150 |
| 17 | Fernley | $1,149 |
| 18 | Dayton | $1,141 |
| 19 | Carson City | $1,136 |
| 20 | Elko | $1,125 |
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Information shown are estimated as the specific geographic location can revise premiums significantly.
The make and model of vehicle that is being insured is probably the biggest factor when shopping around for low-priced coverage for infrequent drivers. Vehicles with high performance, a lack of safety features, or a track record of large liability claims will cost much more to insure than safer models. The information below estimates insurance costs for a handful of the most cost-effective vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $2,061 |
| Honda CR-V EX 2WD | $2,252 |
| Ford Escape Limited 2WD | $2,388 |
| Ford F-150 XL Regular Cab 2WD | $2,433 |
| Hyundai Elantra SE Touring Station Wagon | $2,514 |
| Ford Explorer Eddie Bauer 2WD | $2,521 |
| Toyota Camry XLE | $2,573 |
| Toyota Prius | $2,576 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $2,666 |
| Toyota RAV4 Sport 2WD | $2,670 |
| Chevrolet Impala LT | $2,678 |
| GMC Sierra SLE Regular Cab 2WD | $2,670 |
| Ford Edge SEL AWD | $2,686 |
| Chevrolet Equinox LS 2WD | $2,747 |
| Jeep Grand Cherokee Laredo 4WD | $2,755 |
| Dodge Grand Caravan SXT | $2,809 |
| Chevrolet Malibu LT | $2,816 |
| Honda Odyssey EX-L | $2,815 |
| Ford Focus SES 4-Dr Sedan | $2,821 |
| Toyota Corolla XLE | $2,815 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in your specific Henderson, NV location which can impact prices considerably.
Looking at the data, you can conclude that vehicles like the Honda Accord, Honda CR-V, and Ford Escape are some of the cheapest vehicles to insure for low mileage drivers.
Does full coverage make sense?
Finding cheaper insurance should be important to most people, and one of the best ways to save on the cost of insurance for infrequent drivers is to not buy full coverage. The example below shows the difference between insurance costs with full coverage and liability only. The costs are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.
If we average the cost for all age groups, full coverage costs an additional $1,455 per year over and above liability coverage. A very common question is if paying for full coverage is worth it. There is no definitive formula to stop buying physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
Best insurance company in Henderson
Ending up with the right car insurance provider can be difficult considering how many companies there are in Henderson. The company rank data below could help you choose which companies you want to consider when trying find the best insurance for infrequent drivers. The ratings below are for large nationwide companies, so smaller regional companies are not factored into these rankings.
Top 10 Large Auto Insurance Companies in Henderson Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- Mercury Insurance
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
The information below demonstrates how choosing different deductibles can affect insurance prices when searching for cheap insurance for infrequent drivers. The premiums assume a single female driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 40-year-old driver could save $244 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $370 by choosing a $1,000 deductible. Young drivers, like the 20-year-old category, could save $620 annually just by choosing higher deductibles.
When using a larger deductible, it’s a good idea to have emergency funds available to cover the extra out-of-pocket expense that comes with higher deductibles.
How to find more affordable insurance for infrequent drivers
Lowering your rates is not difficult, and here are some thrifty ideas that can help Henderson drivers quote more affordable car insurance.
- Bundle car and home insurance and save money
- Improve your credit score
- Avoid price increases by not filing claims
- Raise your deductibles
- Vehicles with good safety ratings have lower liability rates
- Save money by insuring older vehicles for liability only
- Compare rates regularly and switch companies to save money
The last item on the list is highly significant, as we stressed in the prior article. Coverage rates change a lot, so drivers shouldn’t be resistant to switch to a new company if you find a cheaper price.
Sticking with a specific company is fine, but is isn’t recommended if that dedication is costing several hundred dollars every year. Now is a great time to compare rates and find cheaper insurance for infrequent drivers in Henderson.