Cheap Car Insurance for a 20 Year Old Female in Nevada

Finding out which company offers the most affordable insurance rates for 20 year old women takes a tad more effort in order to find the lowest price quote.

Each insurance company has a proprietary formula to set premium rates, so let’s look at the rankings for the lowest cost insurance companies in Nevada. It’s important to understand that Nevada insurance rates are determined by lots of factors which can substantially decrease or increase your annual premium. Getting older, buying another vehicle, or getting a speeding ticket may generate price changes resulting in some companies being cheaper than others.

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Travelers may have some of the best car insurance rates in Nevada at around $912 per year. Allied, Capital, Oregon Mutual, and Progressive also rank well as some of the cheaper Nevada insurance companies.

In the above example, if you currently have a policy with Oregon Mutual and switched to Travelers, you may see a yearly price reduction of around $235. Customers with Progressive could save as much as $278 a year, and American Family policyholders might see rate reductions of $282 a year.

Remember that these estimates are averages across all drivers and vehicles and and are not calculated with a rate increase for 20 year old women. So the insurer that can offer you the lowest price may not even be shown in the rate chart shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

One of the many components that is used by car insurance companies to determine auto insurance rates is where your home is located in Nevada. Cities with more crime and/or more people like Winchester, Paradise, and Enterprise will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.

The table below rates the most expensive cities in Nevada for 20 year old women to buy car insurance in.

Rate quotes are estimated as vehicle location can revise premium rates noticeably.

The car, truck, or SUV requiring insurance is a large consideration when consumers are trying to find low-cost coverage for 20 year old women. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost more to insure than safer models.

The table below shows insurance costs for the cheaper vehicles to buy coverage for.

Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific garaging location which can impact coverage rates greatly.

Looking at the numbers, makes and models like the Honda CR-V, Ford Escape, Chevrolet Traverse, Honda Accord, and Subaru Forester are likely to be some of the less-costly vehicles to insure for young women. The price for an auto insurance policy will tend to be higher because of the fact that there is more liability exposure for 20 year old women, but overall those vehicles will have the cheapest rates compared to other types of vehicles.

Careless driving habits raise Nevada insurance rates

The recommended way to earn cheap insurance premiums for young women is to be a good driver and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and at-fault claims can increase insurance costs for each age group. The data assumes a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

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In the prior example, the average cost of an auto insurance policy per year with no violations or accidents is $2,165. Factor in one speeding ticket and the average cost surges to $2,440, an increase of $274 each year. Then include two accidents along with the one speeding ticket and the yearly cost of insurance for 20 year old women increases to an average of $4,829. That’s an increase of $2,664, or $222 per month, just for being a little careless behind the wheel!

Full coverage versus liability only rates

Finding cheap car insurance for 20 year old women in Nevada is probably important to the majority of vehicle owners, and a good way to save on the cost of insurance is to only buy liability coverage. The illustration below illustrates the comparison of insurance premiums with liability coverage only compared to full coverage. The premiums are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3027,937],[‘Age 30’, 1575,517],[‘Age 40’, 1561,479],[‘Age 50’, 1417,449],[‘Age 60’, 1369,441],[‘Age 70’, 1659,589]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Nevada’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If averaged for all ages, physical damage coverage on your policy costs an additional $1,768 per year over liability only. Many people question if buying full coverage is worth the expense. There is no exact rule for phasing out physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

Best rates: Progressive, State Farm, Geico, or Allstate

If you want reliable auto insurance, probably the best companies to start with are Progressive, State Farm, Geico, and Allstate. When combined, they have over 48% of all auto insurance policies in force. The data below shows some of the different features that you can purchase from each one.