How to Know You’re Spending Too Much for Auto Insurance in Nevada

Trying to come up with a payment for high-priced auto insurance can draw down your savings and require stricter spending habits. Performing a price comparison can be a smart way to reduce premiums and put more money in your pocket.

Many insurers compete for your hard-earned dollar, so it can be very hard to choose a provider to get the best rate

Consumers should take time to price shop coverage every six months because auto insurance rates change frequently. Despite the fact that you may have had the lowest premium rates two years ago the chances are good that you can find a lower price today. Forget all the misinformation about auto insurance because we’re going to show you the proper way to find better rates and still maintain coverage.

If you currently have car insurance, you should be able to lower your premiums substantially using this information. Finding affordable coverage is easy if you know what you’re doing. But Nevada car owners benefit from understanding how big insurance companies price online insurance and apply this information to your search.

Performing a rate comparison can take hours if you aren’t aware of the fastest way to get free quotes. You could waste a few hours driving to insurance companies in your area, or you could save time and use online quotes to get prices fast.

Most of the larger companies belong to an insurance system that allows shoppers to submit one quote, and each company returns a rated price for coverage. This saves time by eliminating quote forms for every auto insurance company. To compare rates using this form now click to open in new window.

The only downside to pricing coverage this way is that you can’t choose which insurance companies you will receive quotes from. If you wish to select specific insurance companies to compare rates, we have a listing of auto insurance companies in Nevada. View list of Nevada insurance companies.

It doesn’t matter which method you choose, just make absolute certain that you use nearly identical quote information for each price quote. If your comparisons have different data then you won’t be able to make a fair comparison. Even a minor difference in coverage limits can make a big difference in price. Just keep in mind that comparing more rates from different companies helps locate a better price.

Discounts for lower-cost auto insurance quotes

Auto insurance is not cheap nor is it fun to buy but there may be some discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time you complete a quote, but some may not be applied and must be specifically requested prior to getting the savings.

Discount for Life Insurance – Larger auto insurance companies have lower premium rates if you buy some life insurance too.
Own a Home – Being a homeowner can save a few bucks because of the fact that having a home demonstrates responsibility.
Discount for Passive Restraints – Factory options such as air bags can receive discounts of up to 25% or more.
E-sign Discounts
Drive Less and Save – Keeping the miles down can earn discounted premium rates on garaged vehicles.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you would end up receiving a 100% discount, nobody gets a free ride. But all discounts should help lower the amount you pay for coverage.

A list of auto insurance companies and a selection of discounts are shown below.

Esurance includes discounts for paid-in-full, emergency road assistance, safety device, online shopper, anti-theft, renters, and defensive driver.
The Hartford has savings for anti-theft, bundle, defensive driver, good student, and vehicle fuel type.
AAA may include discounts for multi-car, education and occupation, anti-theft, pay-in-full, good student, and AAA membership discount.
GEICO discounts include multi-vehicle, anti-lock brakes, military active duty, five-year accident-free, anti-theft, and emergency military deployment.
State Farm offers discounts for multiple policy, defensive driving training, student away at school, accident-free, and driver’s education.

Before purchasing a policy, check with every insurance company which discounts they offer. Some of the discounts discussed earlier might not be available to policyholders in every state.

Compare rate quotes but buy from a local neighborhood Nevada car insurance agent

Certain consumers still like to get advice from a local agent and that is not a bad decision One of the benefits of comparing insurance prices online is you may find lower rates and still have an agent to talk to.

After filling out this form (opens in new window), the quote information is submitted to local insurance agents that can provide for your auto insurance coverage. You won’t even need to drive around since rate quotes are delivered immediately to you. You can get cheaper auto insurance rates AND a local agent. If for some reason you want to get a price quote from a specific auto insurance provider, just go to their quote page and give them your coverage information.

Finding the right provider shouldn’t rely on just a low price. These are valid questions to ask:

Do the companies they represent have a solid financial rating?
Do they have designations such as AIC, CPCU, or CIC?
Does the agent recommend any additional coverage?
Can you use your own choice of collision repair facility?
What company holds the largest book of business for them?
How often do they review policy coverages?

To make it easy to select from a list of insurance agencies near you, please click for a list of Nevada insurance agents.

Tailor your auto insurance coverage to you

When it comes to choosing the best auto insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different so your insurance should reflect that Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

Are all vehicle passengers covered by medical payments coverage?
Does my policy pay for OEM or aftermarket parts?
Is my babysitter covered when using my vehicle?
Am I covered when driving someone else’s vehicle?
Do I really need UM/UIM coverage?
Am I covered by my spouse’s policy after a separation?
What discounts do I qualify for?
How do I file an SR-22 for a DUI in Nevada?
Do I have coverage when making deliveries for my home business?
Should I drop comprehensive coverage on older vehicles?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Smart buyers can cut their costs

Lots of things are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving record, but other criteria are not as apparent like where you live and annual miles driven.

Never allow your coverage to lapse – Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your insurance coverage expire. And not only will insurance be more expensive, not being able to provide proof of insurance may earn you a revoked license or a big fine.
Single drivers take more risk – Walking down the aisle can actually save you money compared to being single. Having a significant other may mean you are more financially stable and statistics show married drivers tend to have fewer serious accidents.
You may save more by bundling policies – Most larger insurance companies provide better rates for people that have more than one policy. It’s known as a multi-policy discount. Even if you already get this discount, it’s always a smart idea to shop around to help guarantee you have the best rates.
How credit rating affects auto insurance prices – An insured’s credit history is likely to be a major factor in determining your rates. So if your credit history is low, you could be paying less to insure your vehicle by improving your rating. Drivers with good credit tend to be more responsible as compared to drivers with lower credit scores.

Why you might not save $432 a year

Auto insurance companies such as State Farm and Allstate seem to constantly run television and radio advertisements. They all tend to make the same promise that you can save if you just switch your policy. How does every auto insurance company charge you a lower premium? It’s all in the words they use.

Insurance providers quote the lowest rates for the type of driver that makes them money. One example of a desirable insured should be over the age of 50, has other policies, and does not commute to work. Any customer who fits those characteristics may get the lowest premium rates in Nevada and most likely will save a lot of money.

Potential insureds who don’t measure up to these criteria may receive a higher rate and ends up with the customer not buying. If you pay close attention to the ads, they say “people that switch” not “all people who quote” save that much when switching. This is how companies can state the savings. This really illustrates why you really should quotes as often as possible. It is impossible to guess which insurance companies will have better car insurance rates than you’re paying now.

Don’t give up on cheaper rates

We covered some good ideas how you can shop for auto insurance online. It’s most important to understand that the more you , the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from a small mutual company. Smaller companies may only write in your state and offer lower premium rates than their larger competitors like State Farm, GEICO and Nationwide.

Cheaper auto insurance is available on the web in addition to many Nevada insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not offer price quotes online and these smaller companies only sell coverage through local independent agents.

When you , it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, an insured dropped liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Find out more about auto insurance

More tips and info about auto insurance is available at the Nevada Division of Insurance website. Nevada consumers can view agent and company licensing information, read industry bulletins, read enforcement actions against agents and companies, and view a list of available companies.

The articles below may also help you learn more about auto insurance in Nevada