Who Has the Cheapest Auto Insurance Quotes for Drivers Over Age 50 in Las Vegas?

The words “affordable” and “insurance” probably shouldn’t be used together, especially when you are shopping around for the lowest insurance prices for drivers over age 50. Let’s lead off by showing you a few of the things that significantly impact insurance prices, and see if you can lower the cost of your next policy.

The make and model of vehicle you are seeking coverage for is probably the largest consideration that determines if you can find the cheapest car insurance for drivers over age 50. Vehicles with economical engines, an excellent safety record, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models. The next list outlines auto insurance premiums for the cheaper automobiles to insure in Nevada.

Cheapest Vehicles to Insure in Las Vegas, NV
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $2,587
Honda CR-V EX 4WD $2,645
Volkswagen Jetta S 2.5 Station Wagon $2,812
Toyota Prius $2,870
Ford Explorer Eddie Bauer 2WD $2,902
Honda Odyssey EX W/Rear Entertainment $3,011
Ford Focus S 4-Dr Sedan $3,018
Chevrolet Malibu Hybrid $3,069
Nissan Altima 2.5 4-Dr Sedan $3,079
Toyota RAV4 Sport 2WD $3,069
Jeep Wrangler Unlimited Sport 2WD 4-Dr $3,098
Toyota Tacoma Double Cab TRD Sport Package 4WD $3,127
Dodge Grand Caravan Crew $3,133
Honda Civic LX-S 4-Dr Sedan $3,174
Hyundai Elantra SE 4-Dr Sedan $3,232
Ford Edge Sport 2WD $3,237
Toyota Corolla LE $3,232
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Rate information does not factor in vehicle garaging location which can affect prices substantially.

By looking at the data, we can tell that models like the Ford Escape, Honda CR-V, and Volkswagen Jetta are most likely going to be some of the more affordable vehicles to insure for older drivers.

For older drivers, one of the largest criteria that are looked at to determine the annual cost of car insurance is where you live in Las Vegas. Regions with more people or even just more weather-related claims tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.

The next table shows the priciest cities in Nevada for drivers over age 50 to purchase car insurance in. Las Vegas ranks #5 with the annual price of $1,930 for car insurance, which is around $161 monthly.

Car insurance prices in Las Vegas
Rank City Average Per Year
1 Winchester $2,094
2 Sunrise Manor $2,090
3 Spring Valley $2,060
4 Paradise $2,041
5 Las Vegas $1,930
6 Enterprise $1,927
7 North Las Vegas $1,900
8 Henderson $1,715
9 Boulder City $1,557
10 Pahrump $1,377
11 Mesquite $1,365
12 Spanish Springs $1,266
13 Sparks $1,265
14 Reno $1,256
15 Sun Valley $1,253
16 Fernley $1,149
17 Gardnerville Ranchos $1,138
18 Elko $1,125
19 Carson City $1,124
20 Dayton $1,097
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Premium amounts are estimated as zip code location can increase or decrease rates considerably.

Shopping around for cheap insurance is tough enough, and determining which companies quote the cheapest auto insurance rates for drivers over age 50 requires a little more work.

Each auto insurance company has their own unique process for establishing rates, so to begin we’ll rank the auto insurance companies with the most affordable rates in Las Vegas, NV. It’s important that you understand Las Vegas auto insurance rates are influenced by many factors that will increase or decrease the cost of a policy. Turning one year older, buying a home, or getting a ticket for running a stop sign may prompt premium changes that may make certain companies more affordable than before.

Best Auto Insurance Prices for Age 50+

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What’s the cheapest car insurance in Nevada?
Rank Company Cost Per Year
1 Travelers $939
2 Allied $949
3 Capital $978
4 Oregon Mutual $1,193
5 Progressive $1,226
6 American Family $1,230
7 GEICO $1,269
8 Nationwide $1,282
9 USAA $1,297
10 Safeco $1,346
11 Farmers $1,452
12 MetLife $1,615
13 Country $1,619
14 State Farm $1,681
15 Mercury $1,771
16 Victoria $2,031
17 Liberty Mutual $2,227
18 Bristol West $2,407
19 Allstate $2,408
20 Encompass $2,604
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Travelers normally has some of the most affordable car insurance rates in Las Vegas at around $939 per year. This is $635 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also qualify as some of the more affordable Las Vegas, NV insurance companies.

As depicted above, if you currently have coverage with Progressive and switched to Allied, you may realize a yearly savings of around $277. Insureds with American Family may save as much as $281 a year, and GEICO policyholders might reduce rates by $320 a year.

To find out how your current rates compare, click here or click through to the companies below.

Bear in mind that those premium estimates are averaged for all insureds and vehicles and do not factor in an exact location for drivers over age 50. So the auto insurance company that has the lowest price for you may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own individual information.

The information below highlights how deductible choice can influence insurance premiums when researching cheap insurance for drivers over age 50. The premiums are based on a married male driver, full physical damage coverage, and no other discounts are factored in.

A 50-year-old driver could lower their car insurance rates by $214 a year by increasing from a $100 deductible up to a $500 deductible, or save $324 by choosing a $1,000 deductible. Youthful drivers, like the age 20 example, could possibly save $714 or even more by using higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is a good idea to have enough spare savings to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Get discount Las Vegas car insurance

Discounts on auto insurance for drivers over age 50Insurance companies that provide policies for drivers over age 50 may also provide policy discounts that could lower prices by as much as 35% or more if you are eligible to receive them. The best auto insurance companies and their possible discounts can be read below.

The diagram below shows the difference between annual premium costs with and without discounts applied to the policy premium. The data assumes a male driver, no claims or violations, Nevada state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, marriage, anti-theft, multiple vehicle, defensive driving course, and claim-free discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for drivers over age 50 is 29% or $572.

Cost comparison with and without full coverage

Reducing the cost of auto insurance is probably important to most vehicle owners, and a great way to reduce the cost of insurance for drivers over age 50 is to not insure for full coverage. The illustration below illustrates the comparison of annual premium costs with liability coverage only compared to full coverage. The data assumes no violations or accidents, $500 deductibles, drivers are single, and no additional discounts are factored in.

Averaged for all ages 20 through 70, physical damage coverage costs $1,455 per year more than just buying liability only. Many of you may wonder if you should buy full coverage. There is no specific rule of when to stop paying for full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.