The words “bargain” and “auto insurance” really don’t belong together, specifically when looking for the best price on coverage for retired military. Let’s teach you a few of the things that impact insurance prices, and see if we can help you take the sting out of your next policy.
The vehicle model that needs insurance is one of the largest considerations that determines the availability of low-priced insurance for retired military. Vehicles with limited speed and performance, modern passenger safety features, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models.
The data below showcases coverage prices for a number of the more affordable vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$2,380|
|Honda Accord EX 4-Dr Sedan||$2,385|
|Honda Odyssey LX||$2,618|
|Dodge Grand Caravan CV||$2,671|
|Honda CR-V EX 4WD||$2,783|
|Chevrolet Silverado LS Extended Cab 4WD||$2,818|
|Toyota RAV4 Limited 2WD||$2,824|
|Jeep Wrangler Sport 4WD 2-Dr||$2,828|
|Honda Civic LX-S 4-Dr Sedan||$2,912|
|Toyota Corolla XLE||$2,965|
|Chevrolet Equinox LTZ AWD||$3,021|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$3,126|
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific location information which can decrease or increase premiums substantially.
Based upon these rates, we can conclude that models like the Ford Escape, Honda Accord, and Honda Odyssey are going to be some of the more affordable vehicles to insure for veterans.
Finding out which insurers offer the best auto insurance rates for retired military will take a little more sweat than just comparing rates from one or two companies.
Each insurer has a different formula for setting prices, so let’s rank the most affordable auto insurance companies in Las Vegas, NV. It’s a good idea to be aware that Las Vegas auto insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Improving your credit rating, buying another vehicle, or having a fender bender can cause premium changes that can now make some companies much cheaper than others.
Find the Best Cheap Insurance for Vets
|Rank||Company||Cost Per Year|
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Allied offers some of the cheapest car insurance rates in Las Vegas at around $911 per year. Travelers, Capital, Oregon Mutual, and Progressive also make the cut as some of the most economical Las Vegas, NV auto insurance companies.
As shown in the rates above, if you are a customer of Travelers and switched to Allied, you could earn savings of in the vicinity of $19. Policyholders with Capital might save as much as $97 a year, and Oregon Mutual insureds might cut rates by $236 a year.
It’s important to note that these rates are averaged across all drivers and vehicles in Nevada and are not factoring in a specific vehicle garaging location for retired military. So the auto insurance company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.
The illustration below demonstrates how deductible levels can impact insurance costs when searching for cheap insurance for retired military. The premiums are based on a single female driver, full coverage, and no discounts are applied to the premium.
As shown above, a 30-year-old driver could cut expenses by $380 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $568 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could roll back prices $848 every year just by choosing higher deductibles. If you do make the decision to raise your deductibles, it will be required to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
What is the best auto insurance company in Nevada?
Buying coverage from a highly-rated car insurance provider is difficult considering how many different companies sell coverage in Nevada. The company ratings shown next may help you decide which auto insurance companies to look at when comparing rate quotes. The rankings below only include companies that write coverage in many states, so companies without a large exposure will not be included in this list.
Top 10 Large Auto Insurers in Las Vegas Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Types of discounts on Las Vegas car insurance
Car insurance companies that sell policies for retired military may provide price discounts that can reduce rates by as much as 35% or more if you are eligible for them. A few popular companies and the discounts they provide can be read below.
- Farm Bureau offers discounts for multi-vehicle, renewal discount, youthful driver, good student, driver training, multi-policy, and safe driver.
- State Farm may offer discounts for anti-theft, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, passive restraint, accident-free, and driver’s education.
- Progressive has discounts for multi-policy, good student, homeowner, online signing, online quote discount, continuous coverage, and multi-vehicle.
- Allstate includes discounts for multi-policy, FullPay discount, 55 and retired, early signing, EZ pay plan discount, good student, and good payer.
- Nationwide may have discounts that include good student, anti-theft, multi-policy, defensive driving, and easy pay.
- MetLife discounts include claim-free, good driver, multi-policy, good student, and accident-free.
The example below shows the difference between auto insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no claims, a clean driving record, Nevada state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with vehicle safety, anti-theft, claim-free, multiple policy, marriage, and safe-driver discounts applied. In this example, theaverage amount saved on auto insurance for retired military is 28% or $461.
The insurance agencies below can most likely aid you in deciding which auto insurance coverages would be the best in your situation, since some people have coverage questions and would like to get some professional advice when comparing insurance rates for retired military. It’s not always easy to find the cheapest car insurance policy, and agents can give peace of mind knowing you have enough protection. To locate an agency near you, click the button after the list or click here to compare prices now.
Jeremy Walser – State Farm Insurance Agent
1725 S Rainbow Blvd #11 – Las Vegas, NV 89146 – (702) 367-1991
Insurance Group of Nevada
US Bank Financial Center, 2300 West Sahara Avenue, Suite 800 – Las Vegas, NV 89102 – (702) 996-6434
State Farm: Bree Buckles
1000 S Rampart Blvd #14 – Las Vegas, NV 89145 – (702) 869-6600
View more Las Vegas, NV insurance agents
Tips for finding more affordable auto insurance for retired military
The list below details a few money-saving ideas that can help Las Vegas drivers locate cheap auto insurance.
- Accidents can significantly increase rates
- Higher credit ratings may save you money
- Drop full coverage on older vehicles
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Increase your policy deductibles
- Safer vehicles generally have cheaper insurance rates
- Compare price quotes at least once a year
That last tip is notably significant, as was stressed in this piece. Insurance prices in Las Vegas fluctuate constantly, so you should be ready to change insurance companies if a lower price can be found.
Having a favorite company is great, but is isn’t recommended if that loyalty ends up costing hundreds of dollars a year. In just a couple of minutes you could compare rates and find cheaper insurance for retired military.