How Much is Auto Insurance for Felons in Nevada?

Deciding which company offers the cheapest auto insurance rates for felons will involve a bit more work in order to find coverage that fits your buget.

Each insurance company uses different criteria for determining prices, so let’s examine the most affordable auto insurance companies in Nevada. It’s important to know that Nevada auto insurance rates are based on many factors that will increase or decrease the policy price. Simply getting older, becoming a homeowner, or having an accident can produce rate changes that may make certain companies more affordable than the competition.

Find the Cheapest Auto Insurance for Felons

Compare Rates and Save

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Travelers may offer some of the best 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 cheapest Nevada auto insurance companies.

As shown in the table above, if you have coverage with Capital and switched to Travelers, you could realize a yearly price reduction of roughly $85. Policyholders with Oregon Mutual may save as much as $255 a year, and American Family insureds might see rate reductions of $279 a year.

These prices are averaged for all types of insureds and vehicles and are not factoring in a price decrease for felons. So the car insurance company that can offer you the lowest price may not even be featured in the above list. That illustrates why you need to get rate quotes using your own specific driver information and vehicle.

The make and model of vehicle you are trying to insure is one of the main factors when comparing cheap car insurance for felons in Nevada. Vehicles with lower performance, a great safety record, or low incidents of liability claims will cost less to insure than high performance models.

The table below showcases coverage rates for some of the cheapest vehicles to insure.

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in vehicle location which can increase or decrease premium rates considerably.

Based upon the table data, you can see that vehicles like the Ford Escape, Honda CR-V, and Toyota RAV4 are a few of the more affordable vehicles to insure for felons.

When buying car insurance for felons, one of the key things that is used to help calculate the annual cost of car insurance is where you choose to live in Nevada. Areas with more people or more claims like Winchester, Paradise, and Las Vegas likely pay more, whereas areas with less crime or weather claims benefit from lower prices.

The table below sorts the priciest cities in Nevada for felons to buy an auto insurance policy in.

Rate quotes are estimated as zip code location can increase or decrease price quotes significantly.

Full coverage rates compared to liability only

Finding cheap car insurance for felons in Nevada is probably important to the majority of drivers, and an effective way to pay lower rates for insurance is to not buy full coverage. The example below illustrates the comparison of insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving violations, $100 deductibles, single status, and no discounts are applied.

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If we average the cost for all age groups, physical damage insurance costs $2,368 per year over liability only. Lot’s of drivers question if buying full coverage is worth the expense. There isn’t a written rule to delete comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s book value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after the deductible is paid. If you are paying more than $800 annually to have full coverage, then you might want to consider buying only liability coverage.