The car, truck, or SUV requiring insurance is one of the primary factors when trying to find the best coverage for high mileage drivers. Vehicles with high performance, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer, lower-performance models.
The information below outlines car insurance costs for a selection of the most budget-friendly vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Explorer XLT 4WD | $2,405 |
| Ford Escape XLS 4WD | $2,455 |
| Chevrolet Impala LS | $2,488 |
| Honda Odyssey EX W/Rear Entertainment | $2,497 |
| Toyota Camry LE | $2,538 |
| Toyota RAV4 Sport 2WD | $2,545 |
| Hyundai Elantra Blue 4-Dr Sedan | $2,617 |
| Honda CR-V LX 2WD | $2,624 |
| Honda Accord EX 4-Dr Sedan | $2,632 |
| Toyota Tacoma X-Runner 2WD | $2,667 |
| Nissan Rogue S 2WD | $2,717 |
| Kia Optima LX | $2,724 |
| Chevrolet Equinox LTZ AWD | $2,717 |
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Table data does not factor in specific Henderson, NV garaging location which can decrease or increase prices considerably.
Based upon the table data, we can expect makes and models like the Ford Explorer, Ford Escape, Chevrolet Impala, and Honda Odyssey will definitely be some of the cheaper vehicles to insure for high mileage drivers.
Deciphering which insurers offer the lowest-priced car insurance rates for high mileage drivers takes a little more effort than just comparing rates from one or two companies.
Each auto insurance company uses a little different formula to determine premium rates, so we need to take a look at the most competitive car insurance companies in Henderson, NV. We do need to point out that Henderson car insurance rates are impacted by many things that can increase the price of coverage. Improving your credit rating, buying a new vehicle, or getting a speeding ticket can cause premium changes that can cause some rates to be cheaper than before.
Compare Cheap Insurance Quotes in Nevada
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $939 |
| 2 | Travelers | $939 |
| 3 | Capital | $978 |
| 4 | Oregon Mutual | $1,158 |
| 5 | American Family | $1,194 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,232 |
| 8 | Nationwide | $1,282 |
| 9 | USAA | $1,336 |
| 10 | Safeco | $1,346 |
| 11 | Farmers | $1,452 |
| 12 | MetLife | $1,567 |
| 13 | Country | $1,651 |
| 14 | State Farm | $1,749 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,336 |
| 19 | Allstate | $2,385 |
| 20 | Encompass | $2,710 |
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Allied offers some of the best car insurance rates in Henderson at around $939 annually. This is $635 less than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family would also make the list of some of the more affordable Henderson, NV insurance companies.
As shown above, if you currently buy coverage from American Family and switched to Travelers, you may see a yearly savings of in the neighborhood of $255. Customers with Progressive might save as much as $287 a year, and GEICO insureds might reduce rates by $293 a year.
Bear in mind that those estimates are averaged for all drivers and vehicles in Nevada and are not factoring in an exact vehicle garaging location for high mileage drivers. So the car insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That illustrates why you need to compare as many prices as possible using your own driver data and vehicle information.
The diagram below shows how different deductible levels can increase or decrease yearly insurance costs when getting quotes for cheap insurance for high mileage drivers. The rate quotes are based on a married female driver, comp and collision included, and no discounts are applied.
A 50-year-old driver could cut expenses by $210 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $318 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could roll back prices as much as $522 each year by choosing larger deductibles on their policy.
When raising deductibles, it will be important to have enough funds in savings to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Rate comparison of full coverage and liability-only
Reducing premiums for car insurance is the goal of the majority of drivers, and a great way to pay lower rates for insurance for high mileage drivers is to buy liability only. The example below illustrates the difference between car insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If all age groups are averaged, comprehensive and collision coverage on your policy costs an additional $1,403 per year more than just buying liability insurance. That amount may make you wonder if it’s a good idea to buy full coverage. There is no specific rule that works best for making the decision to drop physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s pretend your vehicle’s claim settlement value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $6,500 after paying your policy deductible. If you are currently paying more than $650 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
Get discounts on Henderson insurance rates
Insurance providers that offer cheap quotes for high mileage drivers could also offer rate discounts that could lower prices by as much as 35% if you can meet the requirements. The best car insurance companies and their offered discounts are outlined below.
- Progressive offers discounts for online signing, multi-vehicle, continuous coverage, homeowner, online quote discount, and multi-policy.
- The Hartford has savings for vehicle fuel type, good student, bundle, driver training, anti-theft, defensive driver, and air bag.
- Mercury Insurance includes discounts for professional/association, multi-policy, annual mileage, low natural disaster claims, and multi-car.
- GEICO policyholders can earn discounts including emergency military deployment, air bags, military active duty, defensive driver, membership and employees, and daytime running lights.
- AAA has discounts for education and occupation, good driver, anti-theft, AAA membership discount, multi-car, pay-in-full, and multi-policy.
- State Farm may have discounts that include student away at school, anti-theft, Steer Clear safe driver discount, Drive Safe & Save, good student, and good driver.
The information below shows the comparison of auto insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no accidents or driving violations, Nevada state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, passive restraint, vehicle safety, accident-free, and homeowner discounts applied. When taking advantage of discounts, theamount saved on car insurance for high mileage drivers is 28% or $383.
Henderson car insurance rates
Nevada car insurance rates are based on many factors that control the policy price. Improving your credit score, becoming a homeowner, or having an at-fault accident can trigger price changes resulting in some companies being cheaper than others.
Not only may your situation change, but insurance companies file new Nevada auto insurance rates as needed in order to remain profitable. Significantly higher claims may cause increased rates, while lower claims may cause more affordable Henderson car insurance rates.
To help illustrate this point, the chart below compares the cheapest car insurance in Henderson, NV for a 40-year-old female driver with no violations or accidents, and good financial standing. If we estimate prices based on her current situation, Allied has the most affordable car insurance rates in Henderson at $1,514 per year. This is $60 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are the remaining top five cheapest Henderson, NV auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison a chargeable claim, slightly worse credit, and a traffic citation. Due to the fact that every auto insurer uses their own formula to set their prices, analyzing rate quotes could now result in a slightly different list of affordable companies as shown below.
GEICO now has the cheapest rate in Henderson with Travelers, Safeco, Nationwide, and USAA completing the list. This illustrates why Henderson drivers need to perform an extensive rate comparison when trying to get the best insurance quotes for high mileage drivers. Auto insurance prices consist of many different factors and change frequently, so the most economical company the last time you shopped your coverage around may now be one of the higher cost companies.