You have probably watched the catchy commercials from car insurance companies like Nationwide, Farmers, and Progressive that claim big savings, so you just need to pick the company with the catchiest ad, right?
It’s just not that easy, however, as there are a whole bunch of unknown aspects like how well you maintain your credit, what deductibles you want to use, whether or not you own a home, and if you have maintained coverage continuously, that all impact the cost of your policy. This article will detail the best ways to compare rates and will hopefully give you a good start in finding the cheapest insurance.
The make and model of vehicle that is being insured is probably the largest consideration that determines the availability of cheap insurance for 16 year olds. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost much less to insure than high performance models.
The list below ranks coverage prices for some of the cheapest automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $8,776 |
| Ford Escape XLT 2WD | $8,784 |
| Honda Accord EX 4-Dr Sedan | $8,776 |
| Honda CR-V EX 4WD | $8,859 |
| Toyota Prius | $9,484 |
| Dodge Grand Caravan SE | $9,874 |
| Ford Explorer Eddie Bauer 2WD | $9,881 |
| Volkswagen Jetta SE 2.5 Station Wagon | $10,020 |
| Ford Edge SEL AWD | $10,331 |
| Toyota Tacoma 2WD | $10,339 |
| Ford Focus S 4-Dr Sedan | $10,331 |
| Chevrolet Impala LT | $10,414 |
| Chevrolet Malibu LS | $10,419 |
| Toyota RAV4 Limited 2WD | $10,414 |
| Jeep Grand Cherokee Laredo 4WD | $10,419 |
| Ford F-150 Lariat Super Cab 4WD | $10,499 |
| Honda Civic EX 4-Dr Sedan | $10,867 |
| Toyota Camry XLE | $10,950 |
| Honda Odyssey EX-L W/Navigation | $10,960 |
| Nissan Altima 2.5 S 4-Dr Sedan | $10,950 |
| Start Your Quote Go | |
Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in vehicle location which can raise or lower coverage prices greatly.
Based upon these rates, models like the Hyundai Elantra, Ford Escape, and Honda Accord are a few of the more affordable vehicles to insure for new drivers. The cost of a car insurance policy will be more costly just because there is more risk for 16 year olds, but generally speaking those specific models will have the lowest insurance prices that you’ll find.
Deciphering which companies offer the cheapest auto insurance rates for 16 year olds will take a tad more effort than just comparing a company or two. Each company has a proprietary formula to determine premium rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Nevada.
It’s important to know that Henderson, NV auto insurance rates are impacted by many factors that control the price of your policy. Simply improving your credit, increasing deductibles, or having an at-fault accident can trigger price changes that can now make some companies cheaper than before.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $903 |
| 2 | Allied | $911 |
| 3 | Capital | $988 |
| 4 | Oregon Mutual | $1,182 |
| 5 | American Family | $1,194 |
| 6 | Progressive | $1,202 |
| 7 | GEICO | $1,256 |
| 8 | Nationwide | $1,295 |
| 9 | USAA | $1,297 |
| 10 | Safeco | $1,320 |
| 11 | Farmers | $1,438 |
| 12 | MetLife | $1,583 |
| 13 | Country | $1,668 |
| 14 | State Farm | $1,698 |
| 15 | Mercury | $1,825 |
| 16 | Victoria | $2,031 |
| 17 | Liberty Mutual | $2,183 |
| 18 | Allstate | $2,337 |
| 19 | Bristol West | $2,407 |
| 20 | Encompass | $2,630 |
| Find Your Rate Go | ||
Travelers normally has some of the lowest car insurance rates in Henderson at around $903 per year. This is $671 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also make the list of some of the cheaper Henderson, NV insurance companies.
In the above example, if you have coverage with Allied and switched to Travelers, you may see annual savings of about $8. Nevada drivers with Capital could save as much as $85 a year, and Oregon Mutual policyholders might reduce prices by as much as $279 a year.
Understand that those premiums are averages across all ages of drivers and types of vehicles and do not factor in an exact vehicle garaging location for 16 year olds. So the car insurance company that can offer the best rates for your situation may not even be in the top 20 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
Get discounts on Henderson insurance rates
Insurance providers that offer cheap quotes for 16 year olds may also offer discounts that can reduce rates by as much as 35% or more if you meet specific criteria. A list of companies and the discounts they provide are outlined below.
- Farmers Insurance offers discounts for homeowner, alternative fuel, early shopping, bundle discounts, good student, mature driver, and youthful driver.
- Esurance may have discounts that include Pac-12 alumni, multi-car, anti-theft, Switch & Save, anti-lock brakes, and homeowner.
- State Farm policyholders can earn discounts including passive restraint, Steer Clear safe driver discount, defensive driving training, driver’s education, student away at school, and multiple policy.
- GEICO has discounts for good student, military active duty, anti-theft, federal employee, and seat belt use.
- Allstate has savings for safe driver, teenSMART discount, farm vehicle, multi-policy, anti-theft, and auto/life discount.
The information below illustrates the difference between insurance costs with and without discounts applied to the premium. The premiums assume a male driver, no claims or driving citations, Nevada state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, continuous coverage, paperless filing, vehicle safety, passive restraint, and good student discounts applied. With discounts applied, theaverage amount saved on auto insurance for 16 year olds is 28% or $516.
What is the best auto insurance company in Nevada?
Insuring your vehicle with the top insurance provider is difficult considering how many companies there are to choose from in Nevada. The ranking information below could help you choose which car insurance providers to look at putting your business with. The rankings below only include the companies with a significant amount of written premium nationwide, so smaller companies that only insure vehicles in Nevada are not included in these rankings.
| 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 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Careless driving habits raise auto insurance rates
The obvious way to obtain the most affordable auto insurance prices for new drivers is to drive cautiously and avoid accidents and violations. The chart below illustrates how traffic citations and at-fault accidents can increase insurance rates for each age group. The prices are based on a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,240. Factor in two speeding tickets and the average cost increases to $1,708, an increase of $467 each year. Now add two accidents along with the two speeding tickets and the annual cost of auto insurance for 16 year olds goes up to an average of $3,525. That’s an increase of $2,285, or $190 per month, just for not driving responsibly!
How to find the cheapest insurance for 16 year olds
Here are some of the better penny-pinching suggestions that can help Henderson drivers buy cheaper coverage.
- Drop full coverage on older vehicles
- Try paying for small claims out-of-pocket
- Buying your home and auto policies from the same company can earn a discount
- Just one traffic violation will increase your rates
- Avoid having at-fault accidents
- The safer your car, the less it costs to insure
- Shop around for cheaper prices
That final tip is extraordinarily significant, as we stressed in the prior information. Coverage prices can be modified anytime, so don’t be unwilling to switch companies if you can save money. Many drivers tend to have loyalty to a certain company, but it’s not recommended if that inflexibility results in costing you a fortune every year. Spend a few minutes and compare prices and find cheaper insurance for 16 year olds in Henderson.
The agencies below can help you decide which insurance coverage you need, as some people have coverage questions and would like to have a little guidance when shopping around for cheaper insurance for new drivers. It can be time-consuming to find the cheapest rate yourself, and a professional agent can provide you comfort knowing your coverage gives you adequate protection in case of an accident or claim. To find a Henderson insurance agent close to you, click the button below the list.
- Steve Leone and Sarah Loy (Leone and Loy Agency) representing American National Insurance Company
1368 Paseo Verde Pkwy #200a – Henderson, NV 89012 – (702) 368-4040 - Yoder Insurance Ltd
283 Grand Olympia Dr – Henderson, NV 89012 – (702) 434-7640 - All Star Insurance Agency
10120 S. Eastern Ave, Suite 200 – Henderson, NV 89052 – (702) 660-6618