Shopping around for low-cost insurance is tough enough, and deciding which companies quote the cheapest car insurance rates for a company car will involve even more shopping around. Every auto insurer uses a slightly different approach for filing rates in each state, so to begin we’ll rank the car insurance companies with the overall cheapest rates in Nevada.
Cheapest Insurance Rates in Nevada
Rank | Company | Cost Per Year |
---|---|---|
1 | Allied | $939 |
2 | Travelers | $939 |
3 | Capital | $978 |
4 | American Family | $1,182 |
5 | Oregon Mutual | $1,193 |
6 | Progressive | $1,226 |
7 | GEICO | $1,256 |
8 | Nationwide | $1,295 |
9 | USAA | $1,336 |
10 | Safeco | $1,346 |
11 | Farmers | $1,496 |
12 | MetLife | $1,631 |
13 | Country | $1,668 |
14 | State Farm | $1,749 |
15 | Mercury | $1,771 |
16 | Victoria | $2,011 |
17 | Liberty Mutual | $2,249 |
18 | Bristol West | $2,313 |
19 | Allstate | $2,385 |
20 | Encompass | $2,630 |
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Allied may have some of the cheapest car insurance rates in Nevada at around $939 annually. Travelers, Capital, American Family, and Oregon Mutual would also make the list of some of the best Nevada auto insurance companies.
In this example, if you currently have coverage with American Family and switched to Allied, you could realize an annual premium reduction of roughly $243. Insureds with Oregon Mutual might save as much as $254 a year, and Progressive customers might see rate reductions of $287 a year.
These prices are averages for all drivers and vehicles and and are not calculated with a rate discount for a company car. So the company that can offer you the lowest price may not even be included in the company chart above. That emphasizes why you need to get rate quotes from many companies using your own specific driver information and vehicle.
The vehicle model you are insuring is probably the largest consideration when comparison shopping for the cheapest car insurance for a company car. Vehicles with higher performance characteristics, poor crash test ratings, or a track record of large liability claims will cost more to insure than safer models. The information below ranks insurance rates for some of the cheaper automobiles to insure.
Insured Vehicle | Estimated Cost for Full Coverage |
---|---|
Honda Accord LX-P 4-Dr Sedan | $704 |
Kia Forte EX 4-Dr Sedan | $717 |
Ford Escape XLT 4WD | $725 |
Honda CR-V EX 2WD | $728 |
Chevrolet Impala LT | $763 |
Hyundai Tucson GLS 2WD | $765 |
Subaru Outback 2.5I Limited | $782 |
Dodge Grand Caravan SXT | $787 |
Ford F-150 XLT Crew Cab 2WD | $786 |
Ford Explorer XLT 2WD | $795 |
Subaru Forester XT Limited Edition AWD | $789 |
Hyundai Elantra Blue 4-Dr Sedan | $791 |
Toyota Tacoma X-Runner 2WD | $808 |
Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $810 |
Nissan Rogue S 2WD | $811 |
Chevrolet Traverse LTZ AWD | $828 |
Toyota Prius | $836 |
Dodge Ram Crew Cab SLT 2WD | $830 |
Toyota Highlander 4WD | $856 |
Toyota RAV4 4WD | $863 |
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Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can decrease or increase prices noticeably.
Based upon the table data, we can conclude that cars like the Honda Accord, Kia Forte, and Ford Escape will definitely be a few of the cheapest vehicles to insure for your employer’s vehicle.
For your employer’s vehicle, one of the big criteria that affect the price of your policy is your address in Nevada. Cities that have higher claim levels or more people like Winchester, Sunrise Manor, and North Las Vegas tend to pay higher rates, whereas areas with less congestion benefit from lower rates.
The information below lists the most costly cities in Nevada for a company car to purchase car insurance in.
Rank | City | Average Per Year |
---|---|---|
1 | Winchester | $2,158 |
2 | Paradise | $2,041 |
3 | Sunrise Manor | $2,008 |
4 | Spring Valley | $1,980 |
5 | North Las Vegas | $1,900 |
6 | Las Vegas | $1,892 |
7 | Enterprise | $1,851 |
8 | Henderson | $1,715 |
9 | Boulder City | $1,541 |
10 | Pahrump | $1,377 |
11 | Mesquite | $1,351 |
12 | Sun Valley | $1,305 |
13 | Sparks | $1,304 |
14 | Spanish Springs | $1,253 |
15 | Reno | $1,244 |
16 | Carson City | $1,170 |
17 | Gardnerville Ranchos | $1,150 |
18 | Fernley | $1,149 |
19 | Dayton | $1,130 |
20 | Spring Creek | $1,114 |
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Rate information is approximated as the specific garaging location can decrease or increase auto insurance rates greatly.
When shopping for auto insurance, the top insurers to get price quotes from are State Farm, Allstate, Progressive, and Geico. They all have the same basic coverages, but each one has slightly different coverage options that add value to each policy. The next table compares some of the different options and features that you can purchase from each one.
State Farm | Allstate | Progressive | Geico | |
---|---|---|---|---|
Handling of Claims | 2nd | 1st | 4th | 3rd |
Customer Satisfaction | 4th | 2nd | 3rd | 1st |
Discounts Available | 3rd | 1st | 4th | 2nd |
Price Rank | 2nd | 4th | 3rd | 1st |
A.M. Best financial rating | A++ | A+ | A+ | A++ |
Standard & Poor’s rating | AA | AA- | AA | AA+ |
Rating based on usage | Yes | Yes | Yes | No |
Breakdown insurance | No | No | Yes | Yes |
Accident forgiveness coverage | No | Yes | Yes | Yes |
Coverage for ridesharing | Yes | Yes | Yes | Yes |
New car replacement insurance | No | Yes | No | No |
Emergency roadside assistance | Yes | Yes | Yes | Yes |
Offered in Nevada | Yes | Yes | Yes | Yes |
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