Wouldn’t life be so easy if we could magically tell you the one company that has the best deal on coverage for college students? It’s not that easy, however, as there are a whole bunch of unknown factors such as how many years you have been driving, whether you are male or female, whether you are married or single, and the crash test ratings of your vehicle, that all impact the price you pay. We will attempt to cover the things that cause high insurance rates and will hopefully give the reader a good beginning to your quest for cheaper car insurance in Nevada.
The vehicle model that needs insurance is probably the biggest factor when comparing quotes for cheap car insurance for college students. Vehicles with lower performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than higher performance models. The table below outlines insurance prices for the cheapest vehicles to insure in Nevada.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $4,442 |
| Honda CR-V EX-L 2WD | $4,507 |
| Ford Escape Limited 2WD | $4,513 |
| Jeep Wrangler Sport 4WD 2-Dr | $4,632 |
| Volkswagen Jetta S 2.5 Station Wagon | $4,790 |
| Toyota Prius | $4,858 |
| Ford F-150 STX Super Cab 2WD | $4,916 |
| Ford Explorer XLT 2WD | $4,981 |
| Ford Edge SE AWD | $5,200 |
| Chevrolet Impala LS | $5,209 |
| Jeep Grand Cherokee Laredo 4WD | $5,264 |
| Toyota RAV4 Limited 4WD | $5,269 |
| Dodge Grand Caravan SXT | $5,332 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $5,340 |
| Chevrolet Malibu LT | $5,332 |
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Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific Henderson, NV garaging location which can raise or lower premiums substantially.
Based upon the rates shown, we can infer that vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Jeep Wrangler will be the cheaper vehicles to insure for students in college. Rates will be more costly just because there is more claim exposure for college students, but generally speaking those particular models will probably have the cheapest rates that you’ll find.
Locating reasonably-priced car insurance is confusing at best, and determining which insurers offer the cheapest auto insurance rates for college students will involve even more shopping around. Each insurer uses different criteria for determining rates, so let’s begin by taking a look at the lowest cost auto insurance companies in Nevada.
It’s important that readers know that Henderson, NV auto insurance rates are determined by lots of factors that can increase the price of coverage. Improving your financial situation, having a teen driver, or getting a few speeding tickets may generate price changes that can now make some companies cheaper than others.
Find Cheaper Auto Insurance for College Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $911 |
| 2 | Travelers | $930 |
| 3 | Capital | $978 |
| 4 | Oregon Mutual | $1,193 |
| 5 | American Family | $1,230 |
| 6 | Progressive | $1,238 |
| 7 | GEICO | $1,269 |
| 8 | Nationwide | $1,282 |
| 9 | USAA | $1,297 |
| 10 | Safeco | $1,320 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,567 |
| 13 | Country | $1,619 |
| 14 | State Farm | $1,698 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,249 |
| 18 | Allstate | $2,314 |
| 19 | Bristol West | $2,336 |
| 20 | Encompass | $2,710 |
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Allied quotes some of the cheapest car insurance rates in Henderson at around $911 annually. Travelers, Capital, Oregon Mutual, and American Family also qualify as some of the best Henderson, NV insurance companies.
As shown in the rates above, if you are insured with Travelers and switched to Allied, you could realize a yearly savings of around $19. Policyholders with Capital might save as much as $67 a year, and Oregon Mutual insureds might see rate reductions of $282 a year.
To find out how much you can save, click here to start a quote or visit any of the companies below.
It’s important to note that these prices are averaged across all ages of drivers and types of vehicles and are not factoring in a specific vehicle garaging location for college students. So the insurer that fits your needs best may not even be in the top 20 companies in the list above. That emphasizes why you need to get car insurance quotes using your own driver information and specific vehicle type.
Rate difference between full and liability-only coverage
Finding the cheapest auto insurance is important to most people, and a good way to pay less for insurance for college students is to not insure for full coverage. The chart below shows the difference between insurance costs with full coverage compared to only the Nevada minimum liability coverage. The rates are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.
If averaged for all ages, physical damage insurance costs $2,368 per year more than insuring for liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no written rule that works best for making the decision to drop comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your vehicle’s replacement cost is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $9,000 after paying your deductible. If you are paying more than $900 a year for your policy with full coverage, then it may be the right time to buy liability only.
Picking the highest-rated car insurance provider is difficult considering how many companies there are to choose from in Nevada. The rank data below could help you choose which car insurance companies you want to consider shopping your coverage with.
The rankings below are only made up of companies that write coverage in many states, so companies that have a smaller presence will not be included in the list. To compare price quotes from these and other companies in Nevada, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
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Data Source: Insure.com Best Car Insurance Companies
Get discounts on Henderson car insurance
Insurance providers that offer cheap quotes for college students may also give you special discounts that may potentially lower prices by as much as 30% if you qualify. Larger auto insurance companies and some of the premium reductions they offer can be found below.
- 21st Century discounts include teen driver, early bird, air bags, theft prevention, anti-lock brakes, and 55 and older.
- State Farm offers discounts for multiple policy, defensive driving training, passive restraint, anti-theft, Drive Safe & Save, and good student.
- AAA may include discounts for good student, anti-theft, AAA membership discount, multi-policy, education and occupation, and multi-car.
- Liberty Mutual has discounts for exclusive group savings, good student, preferred payment discount, newly retired, teen driver discount, hybrid vehicle, and multi-car.
- Progressive includes discounts for homeowner, multi-vehicle, online quote discount, online signing, multi-policy, and good student.
The chart below visualizes the comparison of premium costs with and without discounts applied. The premiums are based on a female driver, no accidents or driving violations, Nevada state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, anti-theft, paperless filing, paid-in-full, continuous coverage, and passive restraint discounts applied. When discounts are factored in, theamount saved on auto insurance for college students is 21% or $325.