How Much is Car Insurance for High Risk Drivers in Nevada?

Since we’re writing about auto insurance, the word affordable should never be used anywhere to describe car insurance rates. Notwithstanding, cheap car insurance for high risk drivers can be hard, if not impossible, to find. But don’t despair, because we are going to show you some ways you can quote insurance that works with your budget.

The car, truck, or SUV driven is one of the primary factors in finding the best cheap coverage for high risk drivers. Vehicles with high performance features, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.

The information below features auto insurance premiums for the most cost-effective automobiles to buy coverage for.

Data based on married male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rates do not factor in specific location information which can affect premiums noticeably.

Based on these rates, we can conclude that models like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Hyundai Elantra will definitely be some of the more affordable vehicles to insure for high risk drivers. Prices will be more costly just because there is more liability exposure for high risk drivers, but generally speaking those vehicles will tend to have the lowest insurance rates compared to all other vehicles.

Comparing quotes for reasonably-priced car insurance is not easy, and figuring out which companies quote the most affordable auto insurance rates for high risk drivers takes a bit more work. Prices should be significantly greater than the average rate in Nevada due to the extra risk associated with offering coverage for high risk drivers, but competitively-priced insurance may be achievable if you shop around.

Each auto insurer uses a different method to set policy rates, so first we will examine the most competitive auto insurance companies in Nevada.

Lowest Insurance Price Quotes for Risky Drivers

Click Here to Start Your Quote

Travelers may offer some of the most affordable car insurance rates in Nevada at around $903 each year. Allied, Capital, Oregon Mutual, and American Family also make the cut as some of the lowest-priced Nevada insurance companies.

As illustrated above, if you buy coverage from American Family and switched to Allied, you may see a yearly price reduction of upwards of $269. Customers with GEICO could save as much as $270 a year, and Progressive policyholders might realize rate reductions of up to $289 a year.

Remember that these prices are averages for all drivers and vehicles in Nevada and are not factoring in a rate surcharge for high risk drivers. So the car insurance company that is best for you may not even be shown in the list of companies shown earlier. That helps illustrate why you need to compare rates from multiple companies using your own personal information and vehicle type.

The illustration below shows how different deductible levels can change yearly insurance costs when researching cheap insurance for high risk drivers. The rate quotes are based on a married male driver, full coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3519,3205,2863,2541],[‘Age 30’, 1827,1663,1477,1301],[‘Age 40’, 1753,1603,1433,1271],[‘Age 50’, 1607,1471,1317,1171],[‘Age 60’, 1581,1447,1295,1151],[‘Age 70’, 1825,1675,1513,1359]]);var options = {title: ‘Deductible Levels and Insurance Cost in Nevada’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 50-year-old driver could lower their car insurance rates by $290 a year by switching from a $100 deductible to a $500 deductible, or save $436 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, could possibly save as much as $978 each year just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough in a savings account to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Geico, Progressive, State Farm, and Allstate compared

If you’re looking for the best car insurance for high risk drivers, the most popular companies are Geico, Progressive, State Farm, and Allstate. All offer liability and physical damage insurance, but each one has a distinct set of features and optional coverages that policyholders can choose from. The next table compares and contrasts some of the different options and features that are available for buyers.