Trying to find reasonably-priced car insurance is easier said than done, and determining which companies offer the best car insurance rates for drivers over age 70 will involve even more shopping around. Each insurance company uses slightly different criteria for establishing rates, so first we will examine the most competitive car insurance companies in Henderson, NV.
It’s important to understand that Henderson, NV car insurance rates are calculated based on many things that will increase or decrease the price you have to pay. Improving your financial situation, filing a claim, or getting into an accident can trigger price changes resulting in some companies being cheaper than before.
Best Cheap Insurance Rates for Age 70+
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Travelers may have some of the cheapest car insurance rates in Henderson at around $903 per year. Allied, Capital, Oregon Mutual, and American Family also qualify as some of the cheapest Henderson, NV car insurance companies.
In the above rates, if you are currently insured with Oregon Mutual and switched to Allied, you might achieve a yearly savings of in the neighborhood of $282. Customers with American Family might save as much as $319 a year, and GEICO policyholders might cut rates by $321 a year.
Bear in mind that those estimates are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for drivers over age 70. So the company that has the cheapest price for you may not even be in the list above. That illustrates why you need to compare prices as often as possible using your own driver and vehicle profiles.
For older drivers, one of the largest factors that help determine the amount you pay each year for auto insurance is where you choose to live in Henderson. More densely populated places tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The table below lists the priciest cities in Nevada for drivers over age 70 to purchase auto insurance in. Henderson is ranked at #8 with a yearly premium of $1,697 for the average policyholder, which is about $141 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,094 |
| 2 | Paradise | $2,061 |
| 3 | Sunrise Manor | $2,029 |
| 4 | Spring Valley | $2,000 |
| 5 | North Las Vegas | $1,882 |
| 6 | Las Vegas | $1,873 |
| 7 | Enterprise | $1,851 |
| 8 | Henderson | $1,697 |
| 9 | Boulder City | $1,557 |
| 10 | Pahrump | $1,364 |
| 11 | Mesquite | $1,311 |
| 12 | Reno | $1,294 |
| 13 | Sun Valley | $1,292 |
| 14 | Sparks | $1,265 |
| 15 | Spanish Springs | $1,229 |
| 16 | Dayton | $1,130 |
| 17 | Carson City | $1,124 |
| 18 | Gardnerville Ranchos | $1,116 |
| 19 | Fernley | $1,115 |
| 20 | Fallon | $1,108 |
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Information shown are comparative as the specific garaging location can lower or raise rates noticeably.
Poor driving habits will raise your car insurance rates
The recommended way to score the cheapest car insurance prices in Nevada for older drivers is to drive carefully and avoid accidents and keep your driving record clean. The information below shows how violations and at-fault claims influence insurance costs for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
In the prior example, the average cost of a car insurance policy in Nevada per year with no accidents or violations is $1,844. Get one speeding ticket and the average cost rises to $2,120, an increase of $276 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 70 goes up to an average of $4,509. That’s an increase of $2,665, or $222 per month, just for not being more responsible behind the wheel!
Cost comparison with and without full coverage
Finding cheaper car insurance is probably important to most drivers, and one good way to pay lower rates for insurance for drivers over age 70 is to only pay for liability coverage. The chart below compares annual premium costs when comparing full coverage to liability only. The premium estimates are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If averaged for all ages, comp and collision coverage costs an extra $1,592 per year more than insuring for liability only. At some point, almost every driver questions if buying full coverage is a waste of money. There isn’t a written rule to exclude comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s replacement cost is $12,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $11,000 after you pay the deductible. If it’s costing you more than $1,100 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
A good deal can quickly turn bad
Henderson, NV car insurance rates are based on many factors that will increase or decrease the price you pay. Getting older, buying a new vehicle, or getting a driving violation can cause premium changes that can make some companies cheaper than others.
Not only that, but car insurance companies file new rates without warning in order to offset underwriting gains or losses. Significantly higher losses may cause higher rates, while a lower level of claims can result in more affordable Henderson car insurance rates.
To illustrate this point, the chart below analyzes the cheapest car insurance in Henderson, NV for a 30-year-old male driver with no accidents or violations, and good financial standing. If we compare prices based on his current risk profile, Travelers may have the cheapest car insurance rates in Henderson at $1,484 each year. This is $90 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are also on the list of the best Henderson, NV auto insurance companies.
The example below compares rates after we give the driver from the first example a couple of claims, bad credit, and an imperfect driving record. Because each company has their own unique process to set policy rates, getting updated rate quotes may now show a different set of affordable Henderson car insurance companies as shown below.
GEICO now has the lowest car insurance rate in Henderson, NV with Nationwide, Safeco, USAA, and Allied completing the list. This shows why it is critical to do a thorough rate comparison when trying to find cheap car insurance rates for drivers over age 70. Rates can be altered by many factors and change substantially, so the cheapest rate when you bought your policy may now be an over-priced policy.
The insurance agencies below are willing to answer your questions and help you decide which car insurance company is the best fit, since some drivers have questions and prefer to get some professional advice when buying car insurance for older drivers. It can be challenging to do it yourself, and a professional agent can give comfort knowing you have adequate protection in the event of a claim.
To locate a Henderson insurance agent in your neighborhood, click the link after the list or click here to compare prices now.
- J.J. Tucker – State Farm Insurance Agent
10890 S Eastern Ave #115 – Henderson, NV 89052 – (702) 616-1000 - GEICO Insurance Agent
19 S Stephanie St #190 – Henderson, NV 89012 – (702) 565-9198 - Balsiger Insurance
3481 E Sunset Rd #100 – Las Vegas, NV 89120 – (702) 220-8640 - Farmers Insurance – Frank Tworek
911 American Pacific Dr #140 – Henderson, NV 89014 – (702) 316-4888