Who Has the Cheapest Las Vegas Auto Insurance for Veterans?

The words “bargain” and “insurance” really should not be used together, specifically when comparison shopping for the cheapest auto insurance for veterans. In an attempt to save some money, let’s start off by going over a few of the factors that significantly impact auto insurance premiums, and come up with some ways to cut the cost of your next policy.

For veterans, one of the big things that are used to help calculate auto insurance rates is where you keep your vehicle in Las Vegas. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.

The following table sorts the priciest cities in Nevada for veterans to buy auto insurance in. Las Vegas comes in at #6 with the yearly price of $1,892 for car insurance, which is approximately $158 each month.

How much does auto insurance cost in Las Vegas?
Rank City Annual Rate
1 Winchester $2,180
2 Paradise $2,041
3 Sunrise Manor $2,008
4 Spring Valley $2,000
5 North Las Vegas $1,900
6 Las Vegas $1,892
7 Enterprise $1,851
8 Henderson $1,749
9 Boulder City $1,541
10 Mesquite $1,365
11 Pahrump $1,337
12 Reno $1,282
13 Sparks $1,278
14 Sun Valley $1,266
15 Spanish Springs $1,229
16 Dayton $1,141
17 Gardnerville Ranchos $1,138
18 Fernley $1,137
19 Carson City $1,136
20 Spring Creek $1,092
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Information shown are approximated as the specific Las Vegas residence address can impact coverage rates considerably.

Finding low-priced insurance is not the easiest thing to accomplish, and deciding which company quotes the most affordable auto insurance rates for veterans calls for even more perseverance. Each company uses different criteria to determine premium rates, so we’ll take a look at the auto insurance companies with the overall best prices in Nevada.

It’s important that readers know that Las Vegas auto insurance rates are based on many factors that will increase or decrease the cost of having a policy. This price variation is why consumers need to compare many different companies to get the best insurance quotes for veterans. Insurance rates are determined by many factors and can decrease or increase without notice, so the best option three years ago may now be one of the higher cost companies.

Lowest Insurance Price Quotes for Vets

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Nevada auto insurance company rankings
Rank Company Cost Per Year
1 Allied $911
2 Travelers $939
3 Capital $978
4 Oregon Mutual $1,158
5 Progressive $1,202
6 American Family $1,218
7 GEICO $1,269
8 Nationwide $1,282
9 Safeco $1,320
10 USAA $1,323
11 Farmers $1,482
12 Country $1,602
13 MetLife $1,631
14 State Farm $1,732
15 Mercury $1,771
16 Victoria $2,073
17 Liberty Mutual $2,227
18 Bristol West $2,313
19 Allstate $2,385
20 Encompass $2,710
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Allied generally has some of the most affordable car insurance rates in Las Vegas at around $911 annually. This is $663 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive would also be considered some of the best Las Vegas, NV auto insurance companies.

As depicted above, if you have coverage with Oregon Mutual and switched to Travelers, you could earn an annual savings of in the neighborhood of $219. Policyholders with Progressive could save as much as $263 a year, and American Family customers might lower prices by up to $279 a year.

To find the cheapest coverage for you, click here to begin a quote or feel free to get quotes from the companies below.

These estimates are averages across all drivers and vehicles and are not factoring in an exact zip code location for veterans. So the company that can offer you the lowest price may not even be in the top 20 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.

The car, truck, or SUV on the policy is one of the primary factors when comparison shopping for the best cheap coverage for veterans. Vehicles with high performance engines, a lack of safety features, or high incidents of liability claims will cost more to insure than safer, lower-performance models.

The next table outlines insurance prices for a selection of the more affordable automobiles to insure in Nevada.

Cheapest Vehicles to Insure in Las Vegas, NV
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $2,753
Honda CR-V EX-L 2WD $2,817
Dodge Grand Caravan Hero $2,848
Chevrolet Equinox LT 2WD $2,857
Toyota RAV4 Limited 4WD $2,848
Chevrolet Malibu LS $2,856
Ford Explorer Limited 4WD $2,901
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,908
Toyota Corolla LE $2,996
Chevrolet Impala LTZ $3,005
Toyota Camry SE $2,996
Ford F-150 XLT Regular Cab 2WD $3,028
Ford Fusion SE 4-Dr Sedan $3,049
GMC Sierra 2500HD SLE Crew Cab 4WD $3,058
Chevrolet Silverado Crew Cab Hybrid 2WD $3,197
Honda Accord EX 2-Dr Coupe $3,200
GMC Sierra SLT Crew Cab 4WD $3,253
Nissan Altima 2.5 S 2-Dr Coupe $3,258
Kia Optima EX $3,253
Toyota Prius $3,278
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $3,376
Ford Edge Sport AWD $3,433
Ford F-250 XL Super Cab Harley Turbo Diesel 2WD $3,457
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rates do not factor in specific location which can influence rates substantially.

Based upon the table data, we can conclude that vehicles like the Ford Escape, Honda CR-V, Dodge Grand Caravan, Chevrolet Equinox, and Toyota RAV4 are most likely going to be a few of the most economical vehicles to insure for veterans.

Liability only or full coverage

Buying cheaper auto insurance is the goal of most drivers, and one way to find cheaper insurance for veterans is to not buy comprehensive and collision coverage. The chart below illustrates the difference between insurance premiums with full coverage and liability only. Data assumes a clean driving record, no claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Averaged for all age groups, full coverage on your policy costs $1,751 per year over liability only. That brings up the question if buying full coverage is worth the money. There is no definitive guideline of when to exclude physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

There are some circumstances where only buying liability is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage in place.

Get discounts on Las Vegas auto insurance rates

Save on auto insurance for veterans in Las VegasCar insurance companies that provide coverage for veterans may also give you rate discounts that could reduce prices by 25% or more if you meet the requirements. A few of the larger companies and a selection of discounts are:

The diagram below illustrates the comparison of annual premium costs with and without some available policy discounts. The information is based on a female driver, no claims or driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with accident-free, multiple policy, multiple vehicle, homeowner, anti-theft, and vehicle safety discounts applied. When discounts are factored in, theaverage yearly reduction on auto insurance for veterans is 27% or $512.

The diagram below shows how choosing a deductible can influence premium costs when researching cheap insurance for veterans. The data is based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

The data above shows that a 50-year-old driver could lower rates by $210 a year by increasing from a $100 deductible up to a $500 deductible, or save $318 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could save $522 each year just by choosing larger deductibles. If you do raise deductibles, it will be required to have enough spare savings to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Here’s why price comparisons are so important

Las Vegas, NV auto insurance rates are calculated based on many things that may substantially change the cost of a policy. Improving your credit rating, buying a different home, or having a fender bender can cause premium changes resulting in some companies being cheaper in comparison to the competition.

Additionally, insurance companies change their prices every year or even multiple times each year in order to remain profitable. An unexpected high level of claims can result in price increases, while a lower level of claims may result in lower-cost Las Vegas car insurance rates.

As an example, the bar chart below demonstrates which company has the cheapest car insurance in Las Vegas, NV for a 45-year-old male driver with a clean driving record, no accidents, and solid credit. If we estimate prices based on his current situation, Allied quotes the best car insurance rates in Las Vegas at $1,621 annually. This is $47 more than the average policy premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and Progressive are the remainder of the cheapest Las Vegas, NV auto insurance companies.

The chart below compares rates after we give the driver in the first chart a claim or two, slightly worse credit, and a traffic ticket or two. Due to the fact that each insurance company uses their own method for setting prices, comparing prices could now result in a new list of the cheapest companies as shown below.

GEICO now has the best auto insurance rate in Las Vegas with Nationwide, USAA, Travelers, and Safeco completing the list. This example illustrates why it is crucial to spend some time comparing rates to find affordable auto insurance quotes for veterans.

Insurance rates are determined by many things and can increase or decrease at any time, so the best option three years ago may now be quite expensive.