How Much are Auto Insurance Rates for Single Moms in Henderson?

The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when searching for the cheapest coverage for single moms. Let’s lead off by showing you some of the factors that influence insurance prices, and come up with some ways to reduce the price of the next policy you buy.

For single parents, one of the largest factors that help determine auto insurance rates is where your car is garaged in Henderson. More populated areas tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The illustration below ranks the highest-priced places in Nevada for single moms to buy car insurance in. Henderson ranks #8 having an annual price of $1,697 for the average policy, which is around $141 monthly.

How much is car insurance in Henderson?
Rank City Premium Per Year
1 Winchester $2,094
2 Spring Valley $2,060
3 Paradise $2,041
4 Sunrise Manor $2,008
5 Enterprise $1,927
6 Las Vegas $1,892
7 North Las Vegas $1,844
8 Henderson $1,697
9 Boulder City $1,541
10 Mesquite $1,325
11 Pahrump $1,323
12 Sparks $1,317
13 Spanish Springs $1,266
14 Reno $1,256
15 Sun Valley $1,253
16 Fernley $1,137
17 Carson City $1,124
18 Spring Creek $1,114
19 Gardnerville Ranchos $1,104
20 Fallon $1,097
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Premium costs are estimated as the specific Henderson residence address can influence coverage prices substantially.

Finding dependable, reasonably-priced insurance is not always easy, and finding out which companies offer the best insurance rates for single moms will require a bit more work.

Each auto insurance company has their own unique process to determine rates, so we need to take a look at the insurance companies with the most affordable rates in Henderson. It’s a good idea to know that Nevada insurance rates are calculated based on many things which can significantly increase or decrease the cost of coverage. Simply improving your credit score, moving to a different location, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be higher when they were quite affordable.

Best Cheap Insurance Rates for Single Moms

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Allied may have some of the most affordable car insurance rates in Henderson at around $921 a year. Travelers, Capital, Oregon Mutual, and American Family also qualify as some of the best Henderson, NV insurance companies.

As the rates illustrate above, if you are insured with Oregon Mutual and switched to Allied, you could earn savings of roughly $237. Nevada drivers with American Family could save as much as $261 a year, and Progressive insureds might reduce prices by as much as $269 a year.

To see how much you can save, click here to begin a quote or click several companies below for low rates.

Bear in mind that those policy rates are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for single moms. So the insurer that can offer the best rates for your situation may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.

The car, truck, or SUV on the policy is probably the most important factor that determines the availability of the best cheap auto insurance for single moms. Vehicles with limited speed and performance, modern passenger safety features, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.

The data below estimates auto insurance costs for the cheapest automobiles to insure.

Cheapest Vehicles to Insure in Henderson, NV
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,912
Chevrolet Malibu LS $2,267
Volkswagen Jetta LE 4-Dr Sedan $2,276
Toyota Tacoma Double Cab 4WD $2,267
Ford Focus SES 4-Dr Sedan $2,339
Ford Escape XLS 4WD $2,345
Chevrolet Impala LTZ $2,383
Toyota Prius $2,427
GMC Sierra SLE Regular Cab 4WD $2,434
Hyundai Sonata GLS 4-Dr Sedan $2,430
Ford Explorer Eddie Bauer 2WD $2,458
GMC Sierra 3500HD SLE Extended Cab 2WD $2,468
Dodge Ram Quad Cab ST 4WD $2,474
Toyota Camry Hybrid $2,590
Ford F-250 XLT Super Cab 2WD $2,595
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in specific location which can impact coverage rates greatly.

Based upon the rates shown, we can conclude that cars like the Honda CR-V, Chevrolet Malibu, and Volkswagen Jetta are most likely going to be some of the most economical vehicles to insure for single parents.

The information below shows how choosing a deductible can affect insurance costs when searching for cheap insurance for single moms. The prices are based on a single female driver, comp and collision included, and no additional discounts are factored in.

A 40-year-old driver could lower their policy premium by $332 a year by changing from a $100 deductible to a $500 deductible, or save $500 by using a $1,000 deductible. Younger drivers, like the age 20 example, could lower their rates as much as $848 annually by using a higher deductible.

If you do decide to increase your deductibles, it will be important to have enough spare savings to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Poor driving habits will raise your insurance rates

The recommended way to maintain the cheapest insurance prices in Nevada for single parents is to drive safely and avoid getting tickets or having accidents. The example below shows how traffic citations and at-fault fender-benders influence car insurance rates for each different age category. The information is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

In the previous example, the average cost of an auto insurance policy per year with no violations or accidents is $1,880. Add in one speeding ticket and the average cost increases to $2,159, an increase of $279 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for single moms goes up to an average of $2,943. That’s an increase of $1,063, or $89 per month, just for not paying attention while driving!

Liability only or full coverage

Saving on insurance is probably important to most vehicle owners, and one of the quickest ways to buy cheap insurance for single moms is to not buy comprehensive and collision coverage. The information below shows the difference between insurance prices with full coverage compared to only the Nevada minimum liability coverage. The data assumes no claims or violations, $100 deductibles, single marital status, and no discounts are applied to the premium.

On average, full coverage costs $2,368 per year more than carrying just liability coverage. Many drivers may wonder if it’s worth it to buy full coverage. There is no clear-cut formula for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,500 after the policy deductible has been paid. If premium cost is more than $550 a year for full coverage, then you might want to consider buying only liability coverage.

There are a few situations where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Why you should compare rates

Nevada insurance rates are determined by lots of factors that will increase or decrease the policy price. Simply turning a year older, becoming a homeowner, or getting a ticket for careless driving can cause premium changes that may make certain companies more affordable than before.

Additionally, auto insurance companies change rates as often as every three months to adjust for heavy claims or excess profits. Significantly higher claims may result in rate hikes, while better underwriting may cause lower-priced Henderson car insurance rates.

To illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Henderson, NV for a 40-year-old male driver with a clear driving record, no claims, and solid credit. If we estimate rates based on his current situation, Travelers quotes the cheapest car insurance rates in Henderson at $1,417 a year. This is $157 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive round out the rest of the most affordable Henderson, NV auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a claim, a lower credit rating, and a stop sign violation. Because each insurer has a different process to set policy rates, getting updated rate quotes may result in a different list of affordable companies as shown below.

American Family now has the lowest car insurance rate in Henderson, NV with Allied, USAA, Safeco, and Nationwide now rounding out the top five. This example demonstrates why Nevada drivers need to perform a complete rate comparison to get cheap car insurance rates for single moms.

Insurance prices consist of many different factors and can decrease or increase without notice, so the cheapest option three years ago may now be one of the more expensive options.

If you have coverage questions and would like to get some professional input when shopping for cheaper insurance for single parents, the agents listed below are a good start to help you make a decision which car insurance policy is best.

To locate a Henderson auto insurance agent near you, click the link at the bottom.

More insurance agents in Henderson, NV