Wouldn’t it be nice if we could just give you the name of that one perfect company that has the cheapest policy rates for drivers with good credit? That is not the case, however, as there are many unknown elements like if you own your own home, the safety features built into your vehicle, your age, and if you are a good driver, that all have an effect on the price. The information below will cover the different scenarios that increase car insurance cost and hopefully give you enough understanding to have some help in finding cheaper rates.
For financially responsible drivers, one of the more important considerations that aid in calculating the annual cost of car insurance is your zip code. Areas with more people or higher crime rates will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The table below sorts the most expensive places in Nevada for drivers with good credit to buy an auto insurance policy in. Henderson is ranked at #8 with a yearly premium of $1,767 for the average insurance policy, which is about $147 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Paradise | $2,041 |
| 3 | Sunrise Manor | $2,029 |
| 4 | Spring Valley | $1,980 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,870 |
| 7 | North Las Vegas | $1,844 |
| 8 | Henderson | $1,767 |
| 9 | Boulder City | $1,495 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,337 |
| 12 | Sparks | $1,317 |
| 13 | Sun Valley | $1,305 |
| 14 | Reno | $1,294 |
| 15 | Spanish Springs | $1,229 |
| 16 | Fernley | $1,149 |
| 17 | Spring Creek | $1,125 |
| 18 | Carson City | $1,124 |
| 19 | Gardnerville Ranchos | $1,116 |
| 20 | Fallon | $1,108 |
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Price information shown is comparative as the specific zip code location can modify auto insurance rates considerably.
The car, truck, or SUV that needs insurance is a large factor when comparing economical auto insurance for drivers with good credit. Vehicles with higher performance, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.
The list below shows car insurance rates for a handful of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $2,284 |
| Volkswagen Jetta SE 2.5 Station Wagon | $2,440 |
| Toyota Camry LE | $2,466 |
| Ford Escape Limited 4WD | $2,486 |
| Toyota Prius | $2,541 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,545 |
| Hyundai Elantra Blue 4-Dr Sedan | $2,551 |
| Ford Focus SEL 4-Dr Sedan | $2,558 |
| Honda Odyssey EX | $2,645 |
| Toyota Corolla XRS | $2,652 |
| Toyota Tacoma 4WD | $2,652 |
| Chevrolet Equinox LT AWD | $2,698 |
| Toyota RAV4 Sport 4WD | $2,708 |
| Ford Edge SEL AWD | $2,720 |
| Chevrolet Impala LS | $2,730 |
| Ford F-150 Lariat Crew Cab 2WD | $2,753 |
| Chevrolet Malibu LT | $2,760 |
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Above prices assume single male 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-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in Henderson, NV location which can increase or decrease coverage prices greatly.
Looking at the rates, you can assume that makes and models like the Honda CR-V, Volkswagen Jetta, and Toyota Camry will definitely be some of the most budget-friendly vehicles to insure for financially responsible drivers.
Full coverage versus liability only rates
Lowering the price of car insurance is important to the majority of drivers, and one common way to save on the cost of insurance for drivers with good credit is to not pay for full coverage. The example below compares insurance prices with liability coverage only compared to full coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
If we average the cost for all age groups, full coverage on your policy costs $2,410 per year over and above liability only. At some point, almost every driver questions if you should buy full coverage. There is no exact rule for dropping full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $10,000 after you pay the deductible. If you are paying more than $1,000 annually for full coverage, then you may want to consider only buying liability coverage.
There are some cases where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Safe drivers pay less for car insurance
The common sense way to obtain cheap car insurance premiums for financially responsible drivers is to pay attention while driving and avoid getting tickets or having accidents. The illustration below shows how traffic citations and accidents can impact auto insurance rates for different insured age categories. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of car insurance in Henderson per year with no violations or accidents is $1,240. Get one speeding ticket and the average cost hikes up to $1,427, an increase of $187 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for drivers with good credit jumps again to an average of $3,089. That’s an increase of $1,849, or $154 per month, just for not being attentive to the road!
Finding the best car insurance provider can be difficult considering how many different insurance companies sell coverage in Nevada. The ranking information listed below may help you select which providers you want to consider shopping prices with.
These rankings only include the largest companies in the United States, so companies that focus mainly on Nevada business are not factored into this list. To get rate quotes from the insurers below and more, click here.
Top 10 Large Auto Insurers in Henderson Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
Top 10 Large Auto Insurers in Henderson Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
- Nationwide
- Safeco
Low rates today, overpriced tomorrow
Nevada car insurance rates are impacted by many things which can substantially change the cost of having a policy. Simply turning a year older, marrying your spouse, or having a fender bender can cause premium changes that can make some companies cheaper than competitors.
Also, companies change prices without warning to ensure their profitability. Larger than normal claims may result in higher rates, while profitable underwriting can result in lower-priced Henderson car insurance rates.
For example, the data below compares the cheapest car insurance in Henderson, NV for a 40-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. When quoting prices based on his personal profile, Allied quotes the cheapest car insurance rates in Henderson at $1,498 annually. This is $76 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are also on the list of the most affordable Henderson, NV auto insurance companies.
In this next rate comparison, we will give the driver from above a couple of claims, a little lower credit rating, and a stop sign violation. Since each company has their own process to set premium rates, comparing insurance quotes may result in a substantially altered list of affordable companies as shown below.
GEICO now has the lowest car insurance rate in Henderson with Travelers, USAA, Nationwide, and Safeco now being in the top five. This example shows why it is critical to shop around to get the most affordable auto insurance rates for drivers with good credit.
Prices can be altered by many factors and can change substantially, so the cheapest company a year ago may now cost much more than other companies.
The insurance agencies below can help you make a decision which policy is best, as some drivers aren’t sure which coverage they need and prefer to have professional advice when comparing insurance rates for drivers with good credit. It can be challenging to find the cheapest rate yourself, and agents can bring comfort knowing your coverage gives you adequate protection.
To find an auto insurance agency closest to you, click the button at the bottom or click here to compare price quotes now.
- Centurion Insurance Services
1399 Galleria Dr #201 – Henderson, NV 89014 – (702) 871-0001 - Brendon Walker – State Farm Insurance Agent
4027 E Sunset Rd – Henderson, NV 89014 – (702) 456-6791 - All Nevada Insurance
10624 S Eastern Ave # L – Henderson, NV 89052 – (800) 701-5909