It would sure be easy if we could just give you the name of the one best car insurance company that has the cheapest rates in Nevada. It’s just not that simple, as there are a whole bunch of unknowns like if you need full coverage or liability-only, whether you are a man or a woman, and whether or not your vehicle has good safety ratings. This article covers some of these things and should give you a good start to your coverage search.
Shopping around for low-cost car insurance is not easy, and determining which insurers offer the lowest-priced insurance rates for business use will require even more work. Each auto insurance company has a different formula to determine premium rates, so let’s take a look at the insurance companies with the overall cheapest rates in Las Vegas.
Keep in mind that Nevada insurance rates are influenced by many factors which can substantially change the price of your policy. This price fluctuation is why it is critical to compare rates when trying to find the best insurance quotes for business use. Insurance rates are impacted by many things and can change without notice, so the cheapest company three years ago may now be priced much higher than other options.
Cheapest Insurance Rates for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $930 |
| 2 | Allied | $939 |
| 3 | Capital | $1,008 |
| 4 | Oregon Mutual | $1,147 |
| 5 | GEICO | $1,219 |
| 6 | Progressive | $1,226 |
| 7 | American Family | $1,230 |
| 8 | USAA | $1,284 |
| 9 | Nationwide | $1,334 |
| 10 | Safeco | $1,346 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,615 |
| 13 | Country | $1,668 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,313 |
| 19 | Allstate | $2,337 |
| 20 | Encompass | $2,684 |
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Travelers generally has some of the lowest car insurance rates in Las Vegas at around $930 annually. This is $644 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and GEICO also qualify as some of the best Las Vegas, NV auto insurance companies.
In the rate table above, if you currently buy coverage from Oregon Mutual and switched to Allied, you could earn a yearly savings of roughly $208. Drivers with GEICO might save as much as $280 a year, and Progressive customers might see rate reductions of $287 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or click several companies below for low rates.
Bear in mind that those premiums are averaged across all drivers and vehicles and and are not calculated with a specific location for business use. So the auto insurance company that can offer you the best rate may not even be in the top 20 companies shown above. That emphasizes why you need to get quotes using your own personal information and vehicle type.
One of the more important considerations that help determine the amount you pay each year for auto insurance is where you choose to live in Las Vegas. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas with less crime or weather claims tend to receive slightly lower rates.
The illustration below sorts the most expensive areas in Nevada for business use to buy auto insurance in. Las Vegas makes the list at #5 with the annual price of $1,930 on average, which is about $161 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,180 |
| 2 | Spring Valley | $2,040 |
| 3 | Sunrise Manor | $2,008 |
| 4 | Paradise | $1,981 |
| 5 | Las Vegas | $1,930 |
| 6 | Enterprise | $1,908 |
| 7 | North Las Vegas | $1,882 |
| 8 | Henderson | $1,697 |
| 9 | Boulder City | $1,511 |
| 10 | Mesquite | $1,325 |
| 11 | Pahrump | $1,323 |
| 12 | Sparks | $1,317 |
| 13 | Sun Valley | $1,305 |
| 14 | Reno | $1,244 |
| 15 | Spanish Springs | $1,229 |
| 16 | Gardnerville Ranchos | $1,150 |
| 17 | Carson City | $1,124 |
| 18 | Fernley | $1,115 |
| 19 | Elko | $1,114 |
| 20 | Dayton | $1,108 |
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Premium amounts are approximated as the garaging address in Las Vegas can alter auto insurance rates considerably.
Selecting the highest-rated car insurance company is difficult considering how many companies there are to choose from in Las Vegas. The ranking data below can help you decide which car insurance providers you want to consider when comparing rates. The ratings below are for the largest auto insurers in America, so companies that focus mainly on Nevada business will not be included in these rankings.
| 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
Drive safe and save
The common sense way to earn good insurance rates in Nevada for using your car for business is to pay attention while driving and avoid accidents and traffic violations. The chart below illustrates how violations and at-fault accidents impact annual premium costs for different age groups. The premiums assume a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of an auto insurance policy in Nevada per year with no accidents and a clean driving record is $1,940. Get one speeding ticket and the average cost jumps to $2,189, an increase of $249 each year. Then add one accident along with the one speeding ticket and the yearly cost of insurance for business use increases to an average of $2,887. That’s an increase of $947, or $79 per month, just for being a little careless behind the wheel!
The example below illustrates how your deductible choice can affect insurance premiums when searching for cheap insurance for business use. The premiums assume a married male driver, comp and collision included, and no policy discounts are applied.
A 40-year-old driver could reduce rates by $214 a year by changing from a $100 deductible to a $500 deductible, or save $324 by using a $1,000 deductible. Even younger insureds, like the age 20 example, can save $714 or even more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is necessary to have additional savings on hand to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.