You have surely seen all the ads from insurers like Liberty Mutual, State Farm, and Nationwide guaranteeing enormous savings, so drivers should just choose the one with the most memorable commercial, right?
Regrettably, it’s not quite that easy, as there are a whole bunch of unknown aspects like if you have ever had a coverage lapse, what deductibles to use for physical damage coverage, whether or not your vehicle has good safety ratings, and if you need full coverage or just liability, that all have an effect on the price of a policy. In this article, we will cover the best ways to save on auto insurance and also should give you a jump start in finding the best auto insurance in Las Vegas.
Finding dependable, cheap insurance is not easy, and figuring out which company offers the cheapest auto insurance rates for single moms requires even more rate comparisons. Every insurance provider uses a different method for filing rates in each state, so we’ll take a look at the most competitive auto insurance companies in Las Vegas, NV.
It’s important to understand that Las Vegas auto insurance rates are calculated based on many things that can increase the cost of having a policy. Getting older, marrying your spouse, or getting a speeding ticket may generate price changes that can make some companies more expensive than before.
Find Cheaper Auto Insurance for Single Moms
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Allied | $921 |
| 2 | Travelers | $930 |
| 3 | Capital | $978 |
| 4 | Oregon Mutual | $1,147 |
| 5 | American Family | $1,182 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,269 |
| 8 | Safeco | $1,306 |
| 9 | Nationwide | $1,334 |
| 10 | USAA | $1,336 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,583 |
| 13 | Country | $1,619 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,825 |
| 16 | Victoria | $2,073 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,336 |
| 19 | Allstate | $2,408 |
| 20 | Encompass | $2,630 |
| Find Your Rate Go | ||
Allied may have some of the most affordable car insurance rates in Las Vegas at around $921 each year. Travelers, Capital, Oregon Mutual, and American Family would also be considered some of the most economical Las Vegas, NV auto insurance companies.
As depicted above, if you currently have coverage with American Family and switched to Travelers, you could realize a yearly price reduction of approximately $252. Nevada drivers with Progressive could save as much as $296 a year, and GEICO insureds might lower prices by $339 a year.
Understand that those premiums are averages for all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for single moms. So the insurer that has the lowest price for you may not even be in the top 20 companies in the list above. That is why you need to get rate quotes from many companies using your own specific driver and vehicle information.
For single parents, one of the more important things that are used to help calculate car insurance rates is where your residence is in Las Vegas. Areas with more people or higher crime rates tend to pay more, whereas more rural areas have the benefit of cheaper car insurance.
The following table lists the most expensive places in Nevada for single moms to purchase a policy in. Las Vegas is listed at #5 costing $1,930 for coverage, which is approximately $161 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Spring Valley | $2,060 |
| 4 | Paradise | $2,041 |
| 5 | Las Vegas | $1,930 |
| 6 | North Las Vegas | $1,900 |
| 7 | Enterprise | $1,851 |
| 8 | Henderson | $1,715 |
| 9 | Boulder City | $1,541 |
| 10 | Pahrump | $1,337 |
| 11 | Mesquite | $1,325 |
| 12 | Sparks | $1,317 |
| 13 | Sun Valley | $1,266 |
| 14 | Reno | $1,244 |
| 15 | Spanish Springs | $1,216 |
| 16 | Carson City | $1,170 |
| 17 | Dayton | $1,130 |
| 18 | Elko | $1,125 |
| 19 | Gardnerville Ranchos | $1,116 |
| 20 | Spring Creek | $1,114 |
| Find the Best Rates Go | ||
Information shown are comparative as the specific geographic location can decrease or increase prices substantially.
The make and model of vehicle on the policy is probably the most important factor that determines the availability of affordable auto insurance for single moms. Vehicles with more horsepower, poor crash test ratings, or a track record of large liability claims will cost much more to insure than safer, lower-performance models. The next list illustrates coverage costs for some of the most affordable vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $2,549 |
| Ford Escape XLT 4WD | $2,607 |
| Honda CR-V LX 2WD | $2,923 |
| Ford Edge SEL AWD | $2,955 |
| Chevrolet Malibu Hybrid | $3,013 |
| Nissan Altima 2.5 4-Dr Sedan | $3,018 |
| Hyundai Elantra Blue 4-Dr Sedan | $3,115 |
| Ford Focus SEL 4-Dr Sedan | $3,125 |
| Toyota Corolla XLE | $3,173 |
| Honda Odyssey EX-L W/Rear Entertainment | $3,178 |
| Jeep Wrangler Sport 4WD 2-Dr | $3,231 |
| Toyota Prius | $3,234 |
| Kia Optima LX | $3,238 |
| Nissan Rogue S AWD | $3,248 |
| Ford F-150 Lariat Crew Cab Platinum 4WD | $3,289 |
| Dodge Ram Quad Cab SLT 4WD | $3,296 |
| Chevrolet Impala LS | $3,394 |
| Find Cheaper Rates Go | |
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 multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in specific Las Vegas, NV garaging location which can alter prices greatly.
Looking at the data, we can assume that models like the Honda Accord, Ford Escape, Honda CR-V, and Ford Edge will definitely be some of the most affordable vehicles to insure for single parents.
Discounts on Las Vegas auto insurance
Insurance companies that offer coverage for single moms may have price discounts that can lower rates by as much as 40% or more if you can meet the requirements. A few of the larger companies and a selection of discounts are shown below.
- State Farm has savings for student away at school, Drive Safe & Save, safe vehicle, good driver, accident-free, multiple policy, and anti-theft.
- Esurance has discounts for homeowner, Pac-12 alumni, multi-policy, paid-in-full, anti-lock brakes, and DriveSense.
- Progressive discounts include online quote discount, multi-policy, good student, online signing, homeowner, and multi-vehicle.
- Liberty Mutual offers discounts including multi-car, teen driver discount, newly married, hybrid vehicle, newly retired, exclusive group savings, and preferred payment discount.
- Auto-Owners Insurance includes discounts for multiple vehicles, student away at school, safe driver, safe vehicle, and good student.
- GEICO offers discounts for seat belt use, multi-policy, good student, daytime running lights, and membership and employees.
The illustration below shows the comparison of car insurance rates with and without policy discounts. The data is based on a female driver, a clean driving record, no claims, Nevada state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, accident-free, claim-free, multiple policy, anti-theft, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for single moms is 28% or $461.
The chart below illustrates how your choice of deductibles can impact insurance costs when quoting cheap insurance for single moms. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could save $282 a year by increasing from a $100 deductible to a $500 deductible, or save $426 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can save as much as $704 annually just by choosing larger deductibles.
When increasing deductibles, it is important to have plenty of money set aside to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How violations and accidents impact rates
In a perfect world, the best way to earn the best auto insurance premiums for single parents is to be a cautious driver and avoid tickets and accidents. The example below highlights how traffic violations and fender-benders can affect car insurance costs for each different age category. The rate quotes are based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The data above shows the average cost of an auto insurance policy in Nevada per year with no accidents and a clean driving record is $1,514. Get written up for two speeding tickets and the average cost increases to $2,029, an increase of $516 each year. Now get one accident along with the two speeding tickets and the yearly cost of auto insurance for single moms goes up to an average of $2,546. That’s an increase of $1,033, or $86 per month, just for not maintaining a clean driving record!
Are you paying too much for car insurance in Las Vegas?
Nevada auto insurance rates are calculated based on many things that may substantially change the policy premium. Improving your credit score, buying another vehicle, or having a fender bender can trigger rate changes that can now make some companies cheaper than others.
Not only may things change on your end, but auto insurance companies change prices every year or even multiple times each year to adjust for gains or losses. Higher than normal claims can cause rate increases, while long-term profits can cause lower-cost Las Vegas car insurance rates.
The data below demonstrates which company has the cheapest car insurance in Las Vegas, NV for a 40-year-old male driver with a good driving record, no prior claims, and excellent credit. If we estimate prices based on his current risk factors, Travelers quotes the cheapest car insurance rates in Las Vegas at $1,636 a year. This is $62 more than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive round out the rest of the best Las Vegas, NV auto insurance companies.
Now we will pretend the driver from the first example an accident surcharge, a lower credit score, and a couple of points charged on his driving record. Since every car insurance company has their own guidelines to determining premium rates, analyzing rates could now result in a different list of affordable companies as shown below.
GEICO now has the cheapest price in Las Vegas, NV with Allied, Nationwide, USAA, and Capital now being in the top five. This demonstrates why it is critical to compare many different companies when trying to get the cheapest car insurance rates for single moms.
Auto insurance prices are influenced by many things and can change substantially, so the best option two years ago may now cost much more than other companies.
If you like to get help from a professional when trying to find lower insurance rates for single moms, the agents listed below are willing to help you decide which auto insurance coverages would be the best in your situation. To locate a Las Vegas auto insurance agent closest to you, click the button at the bottom or click here to compare price quotes.
- Harrison Insurance Agency
724 S 9th St – Las Vegas, NV 89101 – (702) 648-1634 - Jeremy Walser – State Farm Insurance Agent
1725 S Rainbow Blvd #11 – Las Vegas, NV 89146 – (702) 367-1991 - Tim Powers – State Farm Insurance Agent
2920 S Rainbow Blvd #100 – Las Vegas, NV 89146 – (702) 871-8338