Cheap Auto Insurance for Drivers Over Age 50 in Nevada

For older drivers, one of the largest factors used to determine the policy price is where your residence is. Regions with more people or even just more weather-related claims like Winchester, Spring Valley, and Las Vegas tend to have more expensive car insurance rates, whereas cities that are not as densely populated have the luxury of lower rates.

The illustration below sorts the more expensive cities in Nevada for drivers over age 50 to buy car insurance in.

Annual rates are approximated as the garaging address in Nevada can influence premium rates significantly.

Shopping around for cheap car insurance is challenging, and finding out which companies offer the best auto insurance rates for drivers over age 50 involves even more work. Insurance premiums will more than likely be somewhat less expensive than the average price in Nevada attributed to the reduced risk that goes along with selling coverage for older drivers. Economical coverage should be readily available without looking to hard.
Every auto insurer has their own unique process for determining rates, so to begin we’ll rank the overall cheapest auto insurance companies in Nevada.

Keep in mind that Nevada auto insurance rates are impacted by many factors that may substantially change the price you have to pay. Improving your credit score, moving to a new city, or having an at-fault accident can trigger rate changes resulting in some companies being more affordable than competitors.

Lowest Insurance Price Quotes for Age 50+

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Travelers offers some of the most affordable car insurance rates in Nevada at around $903 a year. Allied, Capital, American Family, and Oregon Mutual also qualify as some of the best Nevada insurance companies.

As depicted above, if you currently buy coverage from Oregon Mutual and switched to Allied, you could realize an annual premium reduction of in the vicinity of $233. Customers with Progressive may save as much as $253 a year, and GEICO policyholders might lower prices by up to $320 a year.

Bear in mind that those policy rates are averages across all drivers and vehicles in Nevada and and are not calculated with a rate decrease for drivers over age 50. So the company that is most affordable for your situation may not even be featured in the list of companies shown earlier. That helps illustrate why you need to quote rates from many companies using your own driver information and specific vehicle type.

The type of vehicle requiring insurance is one of the biggest factors that determines if you can find cheap car insurance for drivers over age 50 in Nevada. Vehicles with high performance features, poor crash test ratings, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.

The lists below features auto insurance prices for the most economical vehicles to insure.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in specific Nevada garaging location which can change coverage prices greatly.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can revise coverage prices significantly.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rates do not factor in specific Nevada garaging location which can affect premium rates substantially.

How much more does full coverage cost?

Finding cheap car insurance for drivers over age 50 in Nevada is important to the majority of vehicle owners, and one of the fastest ways to pay less for insurance is to only buy liability insurance. The diagram below illustrates the comparison of car insurance costs with full coverage compared to only the Nevada minimum liability coverage. The information is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

As an overall average, full coverage on your policy costs $1,297 per year over and above liability only. Many drivers will wonder when is it safe to stop buying full coverage. There is no clear-cut formula for excluding physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your vehicle’s replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying in excess of $300 a year for full coverage, then it might be time to consider dropping full coverage.

How accidents and tickets impact rates

The easiest way to score cheap car insurance for drivers over age 50 in Nevada is to drive carefully and avoid accidents and violations. The example below demonstrates how speeding tickets and fender-benders can increase auto insurance costs for different insured age categories. The premium estimates are based on a married male driver, full coverage, $500 deductibles, and no discounts are factored in.

In the previous chart, the average cost of car insurance per year with no accidents and a clean driving record is $1,679. Add in one speeding ticket and the average cost jumps to $1,931, an increase of $252 each year. Now add in two accidents along with the one speeding ticket and the annual cost of auto insurance for drivers over age 50 jumps again to an average of $4,180. That’s an increase of $2,501, or $208 per month, just for not maintaining a clean driving record!

How to get cheap car insurance for drivers over age 50 in Nevada

The list below details a few thrifty ideas that can help you locate cheap coverage.

• Maintaining good credit helps earn cheaper rates
• Violations like speeding or DUI increase rates
• Get cheaper liability coverage by choosing a safer vehicle
• Increase physical damage deductibles
• Older vehicles may not need full coverage
• Avoid having at-fault accidents
• Compare prices frequently to find the best deal

The final tip is notably vital, as was noted in the prior article. Insurance rates fluctuate considerably, so drivers shouldn’t hesitate to buy from a different company if a cheaper price is available.

Brand loyalty is not necessarily bad, but it’s not recommended if it’s costing you hundreds of dollars year after year. In just a few minutes you could compare rates and find cheaper auto insurance for drivers over age 50.

Cheapest insurance quotes for older drivers

Drivers have a lot of ways to get cheap auto insurance quotes in Nevada, but the most common methods are through an exlusive agent such as State Farm or Auto-Owners, a non-exclusive or independent agent, or direct online or over the phone from a company like Progressive or Geico.

You can use whichever method you prefer, but buyers need to know the differences in how they function.

Independent agencies write business for many companies and can provide price quotes from all of them. They are not required to write business for one company and can get prices from more than one company, which may give you a better comparison. If you are not satisfied with one company, it’s easy for the agent to move the policy and you don’t have to do anything.

A captive or exclusive agent is contracted to one company, two examples are State Farm and Allstate agents. Exclusive agents normally do not have the ability to place coverage with different providers, so if finding the cheapest coverage is your goal, you will need to shop around.

The final way is buying direct, which means you do not use a local insurance agent and buy direct online or over the phone from a company like Esurance or Progressive. This option may be a decent choice families who do not need advice for risk management and have knowledge of what coverage options they need.

Which way works best for finding cheap car insurance for drivers over age 50 in Nevada? The quick answer would be buying from a direct car insurance company saves money because you bypass the middleman, but that does not always hold true. We could also say that an independent agency saves the most money because they can quote many companies, but again, it’s not necessarily true. In many circumstances, exclusive agents may have very competitive prices that are the lowest in Nevada.

Because it’s impossible to say who has the best auto insurance rates, really the only way to not overpay for auto insurance is to get quotes and compare. To find the best rates, be sure to get price quotes all three ways to give yourself the best selection. For a list of companies with some of the cheapest Nevada auto insurance rates, click here to view.