What Auto Insurance is Cheapest for Welfare Recipients in Las Vegas?

Finding reliable, budget auto insurance is confusing at best, and figuring out which company offers the cheapest insurance rates for welfare recipients takes a little more work. Each auto insurance company uses different criteria for determining rates in each state, so let’s begin by examining the insurance companies that tend to have lower prices in Nevada.

It’s important to know that Las Vegas insurance rates are impacted by many factors which can substantially change the cost of having a policy. Simply improving your credit score, moving to a different location, or getting caught speeding can produce rate changes resulting in some companies being more expensive than others.

Best Cheap Insurance Rates in Nevada

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Rankings for the cheapest Nevada auto insurance companies
Rank Company Cost Per Year
1 Travelers $903
2 Allied $921
3 Capital $978
4 Oregon Mutual $1,182
5 American Family $1,194
6 GEICO $1,219
7 Progressive $1,238
8 Nationwide $1,295
9 Safeco $1,306
10 USAA $1,336
11 Farmers $1,496
12 Country $1,602
13 MetLife $1,615
14 State Farm $1,698
15 Mercury $1,807
16 Victoria $2,011
17 Liberty Mutual $2,227
18 Bristol West $2,336
19 Allstate $2,337
20 Encompass $2,604
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Travelers may have some of the most affordable car insurance rates in Las Vegas at around $903 annually. Allied, Capital, Oregon Mutual, and American Family also are some of the lowest-priced Las Vegas, NV insurance companies.

As shown in the rates above, if you currently buy coverage from Capital and switched to Travelers, you may see a yearly price reduction of about $75. Nevada drivers with Oregon Mutual may save as much as $279 a year, and American Family policyholders might see rate reductions of $291 a year.

To see if your current coverage is too expensive, click here to start a quote or visit several of the following companies.

It’s important to note that these policy prices are averaged across all insureds and vehicles and do not factor in a specific location for welfare recipients. So the car insurance company that has the lowest price for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own driver data and vehicle information.

The vehicle model requiring coverage is probably the biggest factor when comparison shopping for economical auto insurance for welfare recipients. Vehicles with lower performance, an excellent safety record, or a positive history of liability claims will cost much less to insure than high performance models.

The list below showcases insurance prices for a number of the most economical vehicles to insure.

Cheapest Vehicles to Insure in Las Vegas, NV
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX 2WD $2,443
Ford Explorer XLT 4WD $2,736
Ford Escape XLS 2WD $2,753
Ford Focus S 4-Dr Sedan $2,834
Toyota RAV4 2WD $2,890
Volkswagen Jetta LE 4-Dr Sedan $2,896
Chevrolet Malibu Hybrid $2,890
Ford F-150 XLT Regular Cab 2WD $2,929
Toyota Prius $2,971
Toyota Corolla XLE $3,045
Toyota Tacoma X-Runner 2WD $3,052
Kia Optima LX $3,095
Chevrolet Equinox LTZ AWD $3,098
GMC Sierra 3500HD SLT Extended Cab 2WD $3,155
Jeep Grand Cherokee Laredo 2WD $3,165
Dodge Grand Caravan Hero $3,172
Jeep Wrangler Unlimited Sport 2WD 4-Dr $3,176
Nissan Rogue SL AWD $3,250
Chevrolet Impala LT $3,253
GMC Sierra 2500HD SLT Extended Cab 4WD $3,257
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Above prices assume single male 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, homeowner, multi-policy, and safe-driver. Information does not factor in specific zip code location which can impact price quotes greatly.

Looking at the numbers, we can expect models like the Honda CR-V, Ford Explorer, and Ford Escape are going to be some of the most economical vehicles to insure for drivers on welfare.

Do you need full coverage?

Finding cheaper insurance is important to the majority of vehicle owners, and one good way to find cheap insurance for welfare recipients is to only pay for liability coverage. The illustration below shows the difference between insurance prices with full physical damage coverage and with liability coverage only. The data is based on no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

As an overall average, full coverage on your policy costs an additional $1,751 per year more than just buying liability only. At some point, almost every driver questions if buying full coverage is a waste of money. There is no definitive rule to delete full coverage, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

The information below illustrates how choosing a deductible can impact annual premium costs when researching cheap insurance for welfare recipients. The premiums are based on a single female driver, full physical damage coverage, and no discounts are factored in.

A 50-year-old driver could cut expenses by $244 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Young drivers, such as the Age 20 example, could roll back prices as much as $620 every year by selecting a higher deductible. When raising deductibles, it will now be necessary to have enough savings to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.

Ending up with the best car insurance provider can be rather challenging considering how many companies are available to choose from in Las Vegas. The company information shown next can help you select which coverage providers to look at purchasing coverage from. The rankings below are only comprised of companies that write coverage in many states, so companies without a large exposure are not included in this list.

Top Insurance Companies for Welfare Recipients in Las Vegas, NV
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Insure.com Best Car Insurance Companies