For high mileage drivers, one of the more important components that help determine auto insurance rates is where you normally keep your vehicle. Areas with more people or even just a higher incidence of claims will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.
The table below lists the most expensive areas in Nevada for high mileage drivers in which to buy car insurance. Las Vegas is ranked #5 with an annual cost of $1,930 for the average policyholder, which is approximately $161 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Spring Valley | $2,040 |
| 3 | Sunrise Manor | $2,008 |
| 4 | Paradise | $1,981 |
| 5 | Las Vegas | $1,930 |
| 6 | Enterprise | $1,870 |
| 7 | North Las Vegas | $1,826 |
| 8 | Henderson | $1,715 |
| 9 | Boulder City | $1,495 |
| 10 | Pahrump | $1,364 |
| 11 | Mesquite | $1,351 |
| 12 | Sparks | $1,317 |
| 13 | Reno | $1,256 |
| 14 | Sun Valley | $1,253 |
| 15 | Spanish Springs | $1,216 |
| 16 | Carson City | $1,158 |
| 17 | Fernley | $1,149 |
| 18 | Spring Creek | $1,125 |
| 19 | Gardnerville Ranchos | $1,104 |
| 20 | Dayton | $1,097 |
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Rate quotes are approximated as the specific area where the vehicle is garaged can affect price quotes considerably.
The vehicle you are buying coverage for is a large consideration that determines the availability of economical insurance for high mileage drivers. Vehicles with high performance engines, a lack of safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models. The table below ranks auto insurance prices for the most economical automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,587 |
| Ford Escape Limited 2WD | $2,645 |
| Hyundai Elantra GLS Touring Station Wagon | $2,837 |
| Ford Edge SE 2WD | $2,844 |
| Toyota Prius | $2,870 |
| Ford Explorer Eddie Bauer 2WD | $2,902 |
| Chevrolet Impala LT | $3,069 |
| Toyota RAV4 Sport 4WD | $3,077 |
| Chevrolet Equinox LT 2WD | $3,069 |
| Honda Accord EX-L 4-Dr Sedan | $3,163 |
| Ford F-150 XLT Regular Cab 2WD | $3,222 |
| Toyota Camry SE | $3,232 |
| Dodge Ram Crew Cab ST 2WD | $3,345 |
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in garaging location in Las Vegas, NV which can lower or raise premium rates substantially.
Based upon the rates shown, you can conclude that vehicles like the Honda CR-V, Ford Escape, Hyundai Elantra, Ford Edge, and Toyota Prius are most likely to be some of the cheaper vehicles to insure for high mileage drivers.
How to get discounts on Las Vegas auto insurance rates
Insurance providers that provide policies for high mileage drivers may also provide special discounts that could lower prices by 25% or more if you qualify for them. A few of the larger companies and some of their more popular discounts include:
- GEICO discounts include military active duty, anti-lock brakes, multi-vehicle, federal employee, daytime running lights, driver training, and membership and employees.
- Travelers offers discounts including early quote, IntelliDrive, save driver, driver training, payment discounts, and good student.
- Farm Bureau policyholders can earn discounts including youthful driver, multi-policy, good student, driver training, and safe driver.
- Liberty Mutual includes discounts for newly retired, multi-policy, newly married, hybrid vehicle, and safety features.
- American Family offers discounts for defensive driver, accident-free, Steer into Savings, multi-vehicle, and good driver.
- Progressive may have discounts that include online signing, multi-vehicle, good student, online quote discount, continuous coverage, and homeowner.
The chart below compares insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no accidents, no driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, vehicle safety, multiple vehicle, claim-free, defensive driving course, and passive restraint discounts applied. With discounts applied, theamount saved on auto insurance for high mileage drivers is 27% or $424.
The chart below highlights how deductible selection can change insurance prices when searching for cheap insurance for high mileage drivers. The data assumes a single female driver, comp and collision included, and no discounts are taken into consideration.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $332 a year by increasing from a $100 deductible up to a $500 deductible, or save $500 by choosing a $1,000 deductible. Youthful drivers, such as the Age 20 example, could potentially save $848 annually by selecting a higher deductible.
If you make the decision to raise deductibles, it will be required to have spare funds to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Violations and accidents raise rates
One of the best ways to enjoy the best auto insurance prices in Nevada for high mileage drivers is to be a cautious driver and avoid accidents and traffic citations. The illustration below illustrates how violations and at-fault fender-benders influence annual premium costs for different categories of driver ages. Data assumes a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of an auto insurance policy in Nevada per year with no accidents or violations is $1,791. Get one speeding ticket and the average cost swells to $2,016, an increase of $224 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of auto insurance for high mileage drivers increases to an average of $2,651. That’s an increase of $860, or $72 per month, just for being a careless driver!
The importance of shopping around
Las Vegas, NV auto insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply improving your credit, buying a home instead of renting, or having an accident may generate price changes resulting in some rates now being cheaper than others. In addition, insurers change the rates they charge in Nevada as often as every three months to ensure their profitability. Significantly higher claims can result in rate hikes, while profitable underwriting may result in more affordable Las Vegas car insurance rates.
To illustrate this point, the graph below demonstrates which company has the cheapest car insurance in Las Vegas, NV for a 30-year-old male driver with a clear driving record, no claims, and great credit. When comparing rates based on his personal risk profile, Travelers may have the cheapest car insurance rates in Las Vegas at $1,654 a year. This is $80 more than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also make the list of the cheapest Las Vegas, NV auto insurance companies.
In this next rate comparison, we will give the driver in the first chart an at-fault accident, a lower credit score, and a few traffic violations. Because each insurer has their own guidelines for filing rates in each state, comparing prices will most likely result in a different set of affordable companies as shown below.
Progressive now has the best price on car insurance in Las Vegas with Nationwide, Safeco, Capital, and USAA also being competitive. This shows why Nevada drivers need to compare many different companies to find affordable insurance quotes for high mileage drivers.
Insurance prices are impacted by many different factors and can decrease or increase without notice, so the most economical company six months ago may now be an over-priced policy.