The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when comparison shopping for the cheapest coverage for nurses. In an attempt to save some money, let’s introduce you to some things that have a considerable impact on insurance rates, and figure out some ways to shave a little off the next policy you buy.
Deciphering which company has the most affordable auto insurance rates for nurses will require a bit more effort than just comparing a company or two.
Every insurance provider uses a little different formula for determining prices, so let’s take a look at the auto insurance companies that tend to be cheaper in Las Vegas.
Best Insurance Companies for Health Occupations
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $911 |
| 2 | Travelers | $939 |
| 3 | Capital | $1,018 |
| 4 | Oregon Mutual | $1,147 |
| 5 | American Family | $1,182 |
| 6 | Progressive | $1,202 |
| 7 | GEICO | $1,219 |
| 8 | Nationwide | $1,282 |
| 9 | USAA | $1,284 |
| 10 | Safeco | $1,346 |
| 11 | Farmers | $1,496 |
| 12 | MetLife | $1,567 |
| 13 | Country | $1,651 |
| 14 | State Farm | $1,732 |
| 15 | Mercury | $1,825 |
| 16 | Victoria | $2,011 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,313 |
| 19 | Allstate | $2,337 |
| 20 | Encompass | $2,604 |
| Find Cheaper Rates Go | ||
Allied quotes some of the cheapest car insurance rates in Las Vegas at around $911 a year. This is $663 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family also make the cut as some of the cheaper Las Vegas, NV auto insurance companies.
In this example, if you currently buy coverage from American Family and switched to Travelers, you may realize annual savings of in the vicinity of $243. Insureds with Progressive might save as much as $263 a year, and GEICO customers might lower prices by up to $280 a year.
These prices are averages across all insureds and vehicles and and are not calculated with a specific zip code for nurses. So the insurer that has the cheapest rates for you may not even be in the list above. That emphasizes why you need to get rate quotes from many companies using your own driver and vehicle profiles.
The make and model of vehicle you are insuring is a large factor in finding the cheapest car insurance for nurses. Vehicles with high performance, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The information below ranks car insurance prices for a selection of the most budget-friendly automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $2,630 |
| Toyota Prius | $2,686 |
| Dodge Grand Caravan CV | $2,722 |
| Toyota Tacoma Double Cab 4WD | $2,870 |
| GMC Sierra SL Extended Cab 2WD | $2,880 |
| Ford F-150 XL Regular Cab 2WD | $2,884 |
| Honda Odyssey EX-L W/Rear Entertainment | $3,019 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,028 |
| Honda CR-V EX-L 2WD | $3,047 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $3,075 |
| Honda Accord LX-S 2-Dr Coupe | $3,224 |
| Ford Focus SE 4-Dr Sedan | $3,227 |
| Toyota Camry LE | $3,287 |
| Toyota RAV4 Sport 4WD | $3,297 |
| Volkswagen Jetta S 4-Dr Sedan | $3,287 |
| Jeep Grand Cherokee Laredo 4WD | $3,293 |
| Dodge Ram 2500 Crew Cab Laramie 4WD | $3,333 |
| Start Your Quote Go | |
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in Las Vegas, NV location which can influence auto insurance rates greatly.
Based upon the table data, we can assume that makes and models like the Ford Escape, Toyota Prius, Dodge Grand Caravan, and Toyota Tacoma are most likely going to be a few of the most economical vehicles to insure for health professionals.
One of the many criteria that are looked at to help calculate the amount you pay each year for auto insurance is the neighborhood you call home in Las Vegas. More populated areas tend to have more expensive car insurance rates, whereas more rural areas have the enjoyment of a little cheaper coverage.
The table below lists the most expensive places in Nevada for nurses to buy an auto insurance policy in. Las Vegas is ranked #5 with the annual price of $1,930 for coverage, which is about $161 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Paradise | $2,061 |
| 3 | Spring Valley | $2,040 |
| 4 | Sunrise Manor | $2,029 |
| 5 | Las Vegas | $1,930 |
| 6 | Enterprise | $1,851 |
| 7 | North Las Vegas | $1,844 |
| 8 | Henderson | $1,715 |
| 9 | Boulder City | $1,541 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,323 |
| 12 | Reno | $1,282 |
| 13 | Sun Valley | $1,266 |
| 14 | Sparks | $1,265 |
| 15 | Spanish Springs | $1,229 |
| 16 | Gardnerville Ranchos | $1,150 |
| 17 | Fernley | $1,149 |
| 18 | Carson City | $1,124 |
| 19 | Fallon | $1,108 |
| 20 | Dayton | $1,097 |
| Get a Custom Quote Go | ||
Table data uses estimated as the specific garaging location can increase or decrease premium rates substantially.
Rate comparison of full coverage and liability-only
Paying a lower price for auto insurance is the goal of most vehicle owners, and one great way to find cheap insurance for nurses is to buy liability only. The diagram below visualizes the comparison of premium costs when comparing full coverage to liability only. The premiums assume no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an additional $1,728 per year more than insuring for liability only. A very common question is if it’s worth it to buy full coverage. There is no definitive formula to delete physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
The chart below illustrates how choosing a deductible can affect insurance costs when trying to find cheap insurance for nurses. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are applied.
The data above shows that a 50-year-old driver could reduce rates by $244 a year by increasing from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Young drivers, like the 20-year-old, could roll back prices as much as $620 every year by choosing larger deductibles on their policy.
When increasing deductibles, it is important to have plenty of discretionary funds to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Get discount Las Vegas insurance
Insurance companies that provide coverage for nurses may also offer premium discounts that may potentially lower prices by as much as 25% or more if you are eligible to receive them. A few of the larger companies and the discounts they provide are outlined below.
- Farmers Insurance includes discounts for distant student, multi-car, switch companies, electronic funds transfer, and teen driver.
- Esurance offers discounts for claim free, good student, Pac-12 alumni, DriveSense, multi-car, and anti-theft.
- State Farm may have discounts that include good student, defensive driving training, passive restraint, anti-theft, multiple policy, and multiple autos.
- GEICO policyholders can earn discounts including seat belt use, daytime running lights, anti-lock brakes, air bags, military active duty, multi-vehicle, and five-year accident-free.
- Allstate may include discounts for FullPay discount, safe driver, good payer, premier plus, auto/life discount, multi-policy, and farm vehicle.
The chart below illustrates the difference between annual premium costs with and without discounts applied to the premium. The premiums assume a female driver, no claims or driving citations, Nevada state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with defensive driving course, multiple policy, vehicle safety, marriage, homeowner, and accident-free discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on auto insurance for nurses is 28% or $461.
Why you are probably overpaying for car insurance
Nevada auto insurance rates are impacted by many things that may substantially change the cost of coverage. Improving your credit rating, buying a different vehicle, or getting a speeding ticket can trigger rate changes that can make some companies more affordable than others.
Not only that, but companies modify pricing as often as every three months in order to remain profitable. Larger than normal claims may result in rate increases, while lower claims can cause lower-priced Las Vegas car insurance rates.
The graph below shows rates for the cheapest car insurance in Las Vegas, NV for a 40-year-old female driver with no accidents or violations, and good financial standing. If we estimate prices based on her current situation, Allied may have the best car insurance rates in Las Vegas at $1,611 annually. This is $37 more than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family are also included in the top five cheapest Las Vegas, NV auto insurance companies.
The example below compares rates after we give the driver in the first chart an accident surcharge, bad credit, and a few traffic violations. Since each auto insurance company uses their own formula for setting rates, analyzing rate quotes may now result in a substantially altered list of the cheapest companies as shown below.
Progressive now has the lowest price on auto insurance in Las Vegas, NV with Travelers, Safeco, Nationwide, and USAA also having competitive pricing. This illustrates why drivers need to shop around when trying to find the lowest auto insurance quotes for nurses. Insurance rates are made up of many risk factors and can increase or decrease at any time, so the most economical company the last time you shopped your coverage around may now be wasting a lot of money.