Comparing rates for reasonably-priced insurance is not easy, and finding out which company quotes the most affordable insurance rates for low income drivers may require a little more work. Each auto insurer uses a different method for filing rates in each state, so let’s take a look at the most budget-friendly insurance companies in Las Vegas.
It’s important that you understand Nevada insurance rates are impacted by many factors which can significantly increase or decrease the price you pay for coverage. Events such as a birthday, buying a different vehicle, or having an accident can trigger rate changes resulting in some rates now being more expensive than others.
Best Car Insurance Prices in Nevada
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $911 |
| 2 | Travelers | $939 |
| 3 | Capital | $1,008 |
| 4 | Oregon Mutual | $1,147 |
| 5 | Progressive | $1,202 |
| 6 | American Family | $1,230 |
| 7 | GEICO | $1,269 |
| 8 | USAA | $1,284 |
| 9 | Nationwide | $1,295 |
| 10 | Safeco | $1,346 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,567 |
| 13 | Country | $1,651 |
| 14 | State Farm | $1,749 |
| 15 | Mercury | $1,753 |
| 16 | Victoria | $2,011 |
| 17 | Liberty Mutual | $2,183 |
| 18 | Allstate | $2,314 |
| 19 | Bristol West | $2,336 |
| 20 | Encompass | $2,604 |
| Quote Your Rates Go | ||
Allied generally has some of the lowest car insurance rates in Las Vegas at around $911 a year. This is $663 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive also make the cut as some of the best Las Vegas, NV car insurance companies.
In this example, if you currently buy coverage from Progressive and switched to Travelers, you could realize an annual savings of around $263. Customers with American Family might save as much as $291 a year, and GEICO insureds might reduce rates by $330 a year.
These rates are averages for all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for low income drivers. So the car insurance company that can offer you the best price may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.
One of the many components that aid in calculating the amount you pay for auto insurance is where you keep your vehicle. Areas with high crime rates or more dense population will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below ranks the most costly cities in Nevada for low income drivers to purchase auto insurance in. Las Vegas shows up at #5 costing $1,949 for coverage, which is approximately $162 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Paradise | $2,061 |
| 4 | Spring Valley | $2,000 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,851 |
| 7 | North Las Vegas | $1,844 |
| 8 | Henderson | $1,715 |
| 9 | Boulder City | $1,557 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,364 |
| 12 | Sparks | $1,317 |
| 13 | Reno | $1,282 |
| 14 | Sun Valley | $1,253 |
| 15 | Spanish Springs | $1,216 |
| 16 | Carson City | $1,136 |
| 17 | Elko | $1,125 |
| 18 | Gardnerville Ranchos | $1,116 |
| 19 | Fernley | $1,115 |
| 20 | Fallon | $1,108 |
| Find Cheaper Insurance Go | ||
Rate information is approximated as the specific area where the vehicle is garaged can affect rates significantly.
The make and model of vehicle that is being insured is a significant factor in finding the most affordable coverage for low income drivers. Vehicles with more horsepower, poor passenger safety features, or high incidents of liability claims will cost more to insure than more economical and safe models.
The next table features car insurance prices for some of the most budget-friendly automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,264 |
| Ford Escape XLS 2WD | $2,324 |
| Honda CR-V LX 2WD | $2,332 |
| Toyota RAV4 Sport 2WD | $2,461 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,471 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,531 |
| Toyota Prius | $2,605 |
| Toyota Tacoma 2WD | $2,623 |
| Nissan Rogue S 2WD | $2,637 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $2,646 |
| Ford Focus SE 4-Dr Sedan | $2,683 |
| Dodge Ram Crew Cab ST 2WD | $2,686 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $2,736 |
| Ford Fusion S 4-Dr Sedan | $2,746 |
| Chevrolet Equinox LS AWD | $2,754 |
| Dodge Grand Caravan Crew | $2,813 |
| Ford Explorer Eddie Bauer AWD | $2,820 |
| Kia Optima EX | $2,813 |
| Ford F-150 FX2 2WD | $2,820 |
| Ford Edge Sport AWD | $2,820 |
| Hyundai Elantra SE 4-Dr Sedan | $2,825 |
| GMC Sierra SLE Crew Cab 2WD | $2,876 |
| Jeep Grand Cherokee Limited 2WD | $2,883 |
| Find Cheaper Rates Go | |
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in specific zip code location which can influence coverage prices considerably.
By looking at the data, you can conclude that models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota RAV4 will be the cheapest vehicles to insure for poor drivers.
Insurance companies ranked
Picking the best auto insurance provider is hard considering how many companies there are to choose from in Nevada. The company ratings shown below can help you pick which car insurance companies to look at comparing rate quotes with.
These ratings are only comprised of large, nationwide insurance companies, so smaller companies that only insure vehicles in Nevada are not taken into consideration for the list. If you wish to compare rates from these and other competitive companies, click here.
| 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 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Rate difference between full and liability-only coverage
Reducing the cost of insurance is the goal of most vehicle owners, and an easy way to find cheaper insurance for low income drivers is to only buy liability coverage. The chart below shows the comparison of premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
If averaged for all ages, full coverage costs $1,768 per year more than carrying just liability coverage. Many of you may wonder if buying full coverage is a waste of money. There is no exact rule to exclude comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
How to find cheaper car insurance for low income drivers
The list below shows a few money-saving ideas that can help you locate cheaper auto insurance.
- Buying your home and auto policies from the same company can earn a discount
- Full coverage is expensive so only insure older vehicles for liability only
- Earn discounts for being claim-free
- Buy safe vehicles
- Ensure your driving record is clean
- Avoid having at-fault accidents
- Compare rate quotes often
That final tip is especially important, as we hit on in this article. Coverage prices adjust frequently, so drivers shouldn’t be resistant to change to a new company if a more affordable rate is found.
Having brand loyalty is commendable, but we do not recommend it if that loyalty ends up costing hundreds of dollars year after year. In just a few minutes you could compare prices and find cheaper insurance for low income drivers in Las Vegas.
If you aren’t sure which coverage to buy and prefer to have a professional recommendation when shopping for cheaper insurance for low income drivers, the professional agents shown below are a good start to aid you in deciding which policy fits your needs best.
To locate a Las Vegas insurance agent close to where you live, click the link at the bottom.
Estrella Auto Insurance
2349 E Bonanza Rd – Las Vegas, NV 89101 – (702) 671-4081
Superior Insurance
2511 Stewart Ave – Las Vegas, NV 89101 – (702) 721-7575
Harrison Insurance Agency
724 S 9th St – Las Vegas, NV 89101 – (702) 648-1634