Who Has Cheap Car Insurance for Seniors in Nevada?

When shopping for the cheapest auto insurance for senior citizens, one of the many factors that help determine car insurance rates is where you keep your vehicle in Nevada. Larger areas like Winchester, Sunrise Manor, and Las Vegas will most likely have higher rates, whereas more rural areas get the luxury of paying less.

The table below rates the most expensive areas in Nevada for seniors to purchase a policy in.

Price information shown is approximated as the specific zip code location can lower or raise insurance rates substantially.

The car, truck, or SUV you are buying coverage for is a large consideration in finding cheap auto insurance for seniors in Nevada. Vehicles with more horsepower, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than more modest models.

The list below shows coverage prices for a selection of the most economical automobiles to buy coverage for.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Estimates do not factor in vehicle garaging location which can modify rates greatly.

Based on these rates, you can infer that models like the Honda CR-V, Ford Escape, Volkswagen Jetta, Hyundai Tucson, and Toyota Prius are most likely going to be the most economical vehicles to insure for senior citizens.

Discounts on cheap auto insurance for seniors in Nevada

Insurance companies that offer quotes for seniors may also provide premium discounts that could reduce prices by 40% or more if you meet the requirements. A few popular companies and their offered discounts are outlined below.

• AAA may have discounts that include anti-theft, pay-in-full, education and occupation, good driver, multi-policy, multi-car, and good student.
• Progressive discounts include multi-vehicle, online quote discount, online signing, good student, and continuous coverage.
• State Farm has savings for good student, multiple autos, passive restraint, driver’s education, Steer Clear safe driver discount, Drive Safe & Save, and multiple policy.
• Esurance offers discounts including good driver, anti-lock brakes, online quote, defensive driver, paid-in-full, safety device, and Switch & Save.
• Nationwide policyholders can earn discounts including anti-theft, multi-policy, defensive driving, good student, easy pay, and family plan.

The information below illustrates the difference between insurance costs with and without discounts being applied to the rates. The data is based on a female driver, a clean driving record, no at-fault accidents, Nevada state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with passive restraint, defensive driving course, accident-free, claim-free, homeowner, and multiple policy discounts applied. When discounts are applied, the the average yearly reduction on auto insurance for seniors is 29% or $392.

Full coverage rates vs. liability-only in Nevada

Finding cheap auto insurance for seniors in Nevada should be important to most drivers, and one of the quickest ways to pay less for insurance is to only buy liability coverage. The illustration below illustrates the comparison of insurance prices with full coverage compared to only the Nevada minimum liability coverage. The prices are based on no claims or violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

Averaged out for all age groups, comprehensive and collision coverage on your policy costs an extra $1,455 per year over and above liability only. At some point, about every driver wonders if it’s worth it to buy full coverage. There is no exact formula for excluding comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s book value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $9,000 after paying your policy deductible. If premiums are more than $900 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some circumstances where only buying liability is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

How to find cheap auto insurance for seniors in Nevada

Here are some thrifty solutions that can help you locate lower-cost coverage.

• Maintaining good credit helps earn cheaper rates
• Buying home and auto together can help save money
• Do not waste money insuring older vehicles for full coverage
• At-fault accidents will increase rates
• Lower rates by purchasing a safer vehicle
• Compare rates often to find the best deal

That final tip is notably important, as we pointed out in this article. Auto insurance prices in Nevada can change significantly in a year, so don’t be afraid to buy a policy from a new company if a better rate can be found.

Loyalty to a specific company is fine, but it’s not recommended if your bullheadedness ends up costing you thousands of dollars over several years. In just a couple of minutes you could compare prices and find cheaper insurance for seniors.