Car Insurance in Las Vegas – 6 Ways to Save Money

Saving money on Las Vegas car insurance is always hard for consumers not familiar with buying insurance online.

It’s important to compare rates occasionally due to the fact that insurance rates change frequently. Just because you found the best price six months ago there may be better deals available now. Starting now, forget all the misinformation about car insurance because we’re going to show you the best methods to save money, get proper coverage and the best rates.

Buying the cheapest coverage in Las Vegas is not that difficult. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods.

Nevada consumers only need to know the proper methods to get comparison quotes online or with a Las Vegas insurance agent.

Cheap Las Vegas Car Insurance Comparisons

All major car insurance companies like State Farm and Allstate provide coverage prices on their websites. Getting quotes is pretty easy as you simply enter your coverage preferences as detailed in the form. When the form is submitted, their rating system requests your credit score and driving record and provides a quote.

This helps simplify price comparisons, but the process of having to visit a lot of sites and complete many quote forms can get tiresome after awhile. But it is imperative to get many rate quotes if you want to find the lowest possible prices on car insurance.

A more efficient way to compare car insurance pricing is to use a quote form that analyzes rates from more than one company. The form is fast, reduces the work, and makes online price comparison a little more enjoyable. As soon as the form is sent, it is quoted and you can choose any one of the price quotes you receive.

If you find a better price you simply finish the application and buy the policy. The whole process takes 15 minutes at the most and you’ll know if lower rates are available.

In order to compare rates using this form now, click here and begin entering your coverage information. If you currently have coverage, we recommend you duplicate the coverages exactly as shown on your declarations page. Doing this assures an exact rate comparison based on identical coverages.

Why your price might be higher

Consumers need to have an understanding of the rating factors that go into determining the rates you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” used by your company to calculate your rates.

Small claims can cost you – If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Insurance companies in Nevada give lower rates to insureds who do not file claims often. Your insurance policy is intended for major claims that would cause financial hardship.

Do you need those extra coverages? – There are many extra bells and whistles you can purchase when buying car insurance. Coverages for vanishing deductibles, better glass coverage and additional equipment coverage may be wasting your money. These may sound like a good investment when talking to your agent, but now you might not need them so eliminate them to save money.

Where do you drive? – The more miles you rack up on your car every year the higher your rates will be. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use qualify for better rates compared to those used for work or business. Double check that your car insurance policy shows how each vehicle is driven.

Where you live – Being located in small towns and rural areas has it’s advantages when talking about car insurance. Drivers in populated areas regularly have congested traffic and longer commutes to work. Lower population means a lower chance of having an accident.

Older drivers save more – Youthful drivers in Nevada are statistically proven to be less responsible in a vehicle so they pay higher car insurance rates. Mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.

How’s your driving record? – Your driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Only having one moving violation can bump up the cost by twenty percent. Drivers who get serious violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.

Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. Safer cars protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates.

How many coverages with the same company – Most car insurance companies give discounts to insureds who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to comparison shop to verify if the discount is saving money. You may still be able to find better rates by insuring with multiple companies.

Policy discounts you shouldn’t miss

The cost of insuring your cars can be expensive, but there could be available discounts that you may not even be aware of. A few discounts will automatically apply when you complete an application, but lesser-known reductions have to be requested specifically prior to receiving the credit. If you’re not getting every credit available, you are paying more than you should be.

• Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• Resident Student – Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
• Multi-policy Discount – If you insure your home and vehicles with one company you will save at least 10% off all policies.
• E-sign – A few companies may give you up to $50 for buying your policy over the internet.
• Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off with certain companies.
• One Accident Forgiven – Certain companies will allow you to have one accident before hitting you with a surcharge if you are claim-free for a set time period.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. A few only apply to the price of certain insurance coverages like comprehensive or collision. So when it seems like you can get free auto insurance, car insurance companies aren’t that generous.

Additional information can be found on the Nevada Division of Insurance website. Click here for link. Visitors are able to report car insurance fraud, view agent and company licensing information, and read enforcement actions against agents and companies.

In Summary

Insureds switch companies for any number of reasons including high rates after DUI convictions, delays in paying claims, delays in responding to claim requests or even denial of a claim. It doesn’t matter what your reason, choosing a new insurance company is actually quite simple.

We just showed you a lot of techniques to shop for car insurance online. The key thing to remember is the more you quote, the better likelihood of reducing your rate. Consumers could even find that the best prices are with some of the lesser-known companies.

When buying insurance coverage, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where an insured cut uninsured motorist or liability limits only to find out that they should have had better coverage. The ultimate goal is to find the BEST coverage for the lowest price, not the least amount of coverage.