Affordable Mitsubishi i-MiEV Car Insurance Rates in Las Vegas Nevada
There isn’t a single person who anticipates paying for car insurance, especially knowing the price is too high. Companies like State Farm, Progressive and GEICO constantly blast consumers with ads and it is difficult to see past the corporate glitz and do the work needed to find the best deal.
There are several ways you can shop for car insurance and some are less time-consuming than others. You could waste a few hours discussing policy coverages with agents in Las Vegas, or you could use the web to maximize your effort.
All the larger companies belong to an insurance system that enables customers to submit their information once, and at least one company can give them a price for coverage. This eliminates the need for repetitive form submissions to every company. To compare pricing click here to open in new window.
The only downside to using this type of form is buyers cannot specifically choose which carriers to get pricing from. So if you want to select from a list of companies to request quotes from, we have assembled a list of low cost car insurance companies in Nevada. Click to view list.
It’s up to you how you get prices quotes, just ensure you’re using apples-to-apples coverage limits for every company. If the quotes have unequal deductibles or liability limits then you won’t be able to make an equal comparison in Las Vegas. Having just a slight variation in insurance coverages could mean much higher rates. And when quoting car insurance, remember that comparing more quotes will improve the odds of getting a lower rate.
Don’t believe everything you hear
Popular car insurance providers such as State Farm and Allstate constantly bombard you with ads on television and other media. They all seem to try to convey promises about how much you will save if you switch your car insurance policy to them. It sounds good, but how can they all make almost identical claims? This is how they do it.
Different companies quote the lowest rates for the type of customer they prefer to insure. An example of a profitable customer may need to be a mature driver, has a clear driving record, and drives a vehicle with a low ISO rating. A customer getting a price quote that meets those criteria will probably get the lowest prices and have a good chance to save when they switch companies.
People who fall outside those standards will probably be forced to pay higher premiums which translates to business going elsewhere. If you listen closely, the ads state “people that switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can confidently state the savings.
That is why drivers must quote coverage with many companies. It’s not possible to predict with any certainty which company will provide the lowest rates.
Car insurance policy discounts you can’t miss
Some insurance providers don’t always list all disounts very clearly, so the list below gives a summary of both the well known in addition to some of the lesser obvious credits available to bring down your rates.
- Good Student Discount – Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students until age 25.
- Responsible Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates for i-MiEV coverage than their less cautious counterparts.
- Drivers Ed for Students – It’s a good idea to have your young drivers participate in a local driver’s education class in school.
- Paperwork-free – Some of the larger companies will provide an incentive digitally online.
- Early Switch Discount – A few insurance companies offer discounts for switching to them before your current policy expires. It’s a savings of about 10%.
It’s important to understand that most discount credits are not given to the entire cost. Some only reduce individual premiums such as collision or personal injury protection. Just because it seems like you could get a free car insurance policy, car insurance companies aren’t that generous.
A few of the larger companies and some of the premium reductions they offer are outlined below.
- GEICO offers discounts including membership and employees, daytime running lights, good student, anti-theft, anti-lock brakes, driver training, and military active duty.
- Travelers has savings for good student, new car, multi-policy, IntelliDrive, multi-car, and driver training.
- Farm Bureau includes discounts for renewal discount, 55 and retired, multi-policy, driver training, good student, and youthful driver.
- Liberty Mutual may include discounts for preferred payment discount, good student, newly retired, multi-car, new vehicle discount, and new move discount.
- American Family may offer discounts for accident-free, early bird, Steer into Savings, multi-vehicle, and good driver.
- Progressive offers discounts for multi-vehicle, continuous coverage, good student, homeowner, and online signing.
If you need lower rates, check with every prospective company to apply every possible discount. Some discounts might not apply in your state. If you would like to view companies who offer cheap car insurance quotes in Nevada, click this link.
Specifics of your car insurance policy
Knowing the specifics of a car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages found on most car insurance policies.
Liability coverages
This provides protection from injuries or damage you cause to people or other property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers things such as attorney fees, medical services, structural damage and loss of income. How much liability should you purchase? That is a personal decision, but buy higher limits if possible. Nevada requires minimum liability limits of 15,000/30,000/10,000 but it’s recommended drivers buy higher limits.
Comprehensive coverage
This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as hitting a bird, hitting a deer, a tree branch falling on your vehicle and rock chips in glass. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured/Underinsured Motorist coverage
This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Mitsubishi i-MiEV.
Since many Nevada drivers have only the minimum liability required by law (which is 15/30/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits are set the same as your liablity limits.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like hospital visits, ambulance fees, funeral costs, rehabilitation expenses and surgery. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision insurance
This coverage covers damage to your i-MiEV resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers things like damaging your car on a curb, sideswiping another vehicle, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
More information is available on the Nevada Division of Insurance website found here. Consumers can read industry bulletins, find a variety of consumer forms, view agent and company licensing information, and file complaints about an insurance agent or broker.
More related Las Vegas car insurance information:
Smart consumers save more
When you , it’s a bad idea to buy less coverage just to save a little money. In many instances, an insured dropped liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The goal is to purchase a proper amount of coverage at the lowest possible cost.
You just learned many ways to reduce Mitsubishi i-MiEV insurance auto insurance rates online. The most important thing to understand is the more providers you compare, the better likelihood of getting . Consumers could even find that the lowest auto insurance rates are with some of the lesser-known companies. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.