Best Cheap Car Insurance Quotes for Lyft Drivers in Nevada

The car, truck, or SUV requiring insurance is one of the main factors in finding low-priced car insurance for Lyft drivers. Vehicles with lots of speed or power, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The list below illustrates car insurance costs for some of the cheaper automobiles to insure.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Estimates do not factor in specific zip code location which can influence rates greatly.

Based on these rates, we can tell that models like the Ford Escape, Honda Accord, and Kia Forte are most likely to be a few of the less-costly vehicles to insure for Lyft vehicles.

When shopping for car insurance for Lyft vehicles, one of the many components used to calculate the amount you pay each year for auto insurance is where your residence is in Nevada. Areas with increased crime or more people like Winchester, Sunrise Manor, and Las Vegas tend to pay higher rates, whereas cities that are not as densely populated can boast about having cheaper rates.

The table below rates the highest-priced areas in Nevada for Lyft drivers in which to buy car insurance.

Annual rates are estimated as the specific zip code location can increase or decrease prices substantially.

Price comparison of only insuring for liability

Finding the best cheap car insurance for Lyft drivers in Nevada should be important to the majority of drivers, and one common way to pay less for insurance is to buy liability only. The illustration below shows the comparison of insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The prices are based on no accidents, no driving violations, $1,000 deductibles, single marital status, and no policy discounts are applied.

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Averaged out for all age groups, physical damage insurance costs $1,728 per year more than just buying liability insurance. A very common question is if you should buy full coverage. There is no clear-cut rule to eliminate full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

There are some scenarios where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.