Nevada Auto Insurance Savings the Insurance Agents Don’t Want You to Know About

Did you fall for a flashy sales pitch and buy overpriced auto insurance? Believe me when I say you’re not the only one. Many insurers vie to insure your vehicles, and because of this it can be hard to compare insurance companies to find the absolute lowest cost out there.

It is always a good idea to compare prices on a regular basis because insurance rates are constantly changing. Even if you think you had the best rates a couple years back a different company probably has better rates today. Starting now, forget all the misinformation about auto insurance because I’m going to teach you the fastest way to properly buy coverages and cut your premium.

If you have a current auto insurance policy or need new coverage, you will benefit by learning to get lower rates while maintaining coverages. Finding the best rates is not rocket science. Nevada vehicle owners only need an understanding of the most effective way to get comparison quotes over the internet.

Free Nevada Auto Insurance Quotes

Effectively comparing auto insurance prices can take hours if you don’t know the most efficient way to do it. You could spend the better part of a day talking to insurance agencies in your area, or you can stay home and use the internet to achieve your goal.

Most of the best insurance companies belong to an insurance system where insurance shoppers only type in their quote data once, and each participating company can give them a price for coverage. This system prevents you from having to do quote requests to each company. To access this free quoting program, click here to start a free quote.

One minor caviat to pricing coverage this way is you cannot specify which companies you will receive quotes from. So if you prefer to choose individual companies to request quotes from, we have a page of the cheapest auto insurance companies in Nevada. Click to view list.

It’s up to you which method you use, but double check that you are using identical coverage limits on every quote you get. If you enter higher or lower deductibles you can’t possibly truly determine the lowest rate.

Advertising myths

Nevada drivers can’t get away from ads for cheaper car insurance from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you’ll save big if you change your policy.

How does each company say the same thing? This is how they do it.

All companies have a preferred profile for the right customer that makes them money. For example, a desirable insured could possibly be between 25 and 40, has no prior claims, and chooses high deductibles. Any driver who meets those qualifications will get very good rates and most likely will save a lot of money.

Drivers who do not match the “perfect” profile will be quoted higher rates and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully make the claims of big savings.

This emphasizes why drivers should get as many quotes as possible. You cannot predict which auto insurance company will give you the biggest quote  Nevada

How insurance companies determine rates

Smart consumers have a good feel for the factors that go into determining the price you pay for auto insurance. Understanding what impacts premium levels empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

  • High performance equals high price – The make and model of the car you are insuring makes a significant difference in how high your rates are. The cheapest insurance rates are generally reserved for small economy passenger cars, but the final cost of insurance is determined by many other factors.
  • Multi-policy discounts can save money – Most auto insurance companies will give a discount to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even with this discount, you may still want to compare rates to ensure the best deal. You may still be able to find better rates by splitting coverages up.
  • Where you live can impact rates – Living in a rural area has it’s advantages when it comes to auto insurance. Drivers in populated areas tend to have congested traffic and longer commutes to work. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Do you know you’re credit rating? – Credit rating is a large factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records than those with lower credit scores. If your credit rating can use some improvement, you could pay less to insure your by spending a little time repairing your credit.

Cut your premium with discounts

Insuring your fleet can be pricey, but there are discounts available to reduce the price significantly. Most are applied at the time of quoting, but a few must be manually applied prior to getting the savings. If they aren’t giving you every credit possible, you are throwing money away.

  • Use Seat Belts – Drivers who require all occupants to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • New Car Discount – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you could get a discount of 10% to 20% off each policy.
  • Safety Course Discount – Completing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less than their less cautious counterparts.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks just for signing your application online.
  • No Accidents – Drivers who don’t have accidents can earn big discounts when compared to bad drivers.

Consumers should know that most discounts do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think adding up those discounts means a free policy, companies don’t profit that way. But any discount will cut your overall premium however.

To choose companies with discount auto insurance rates in Nevada, click here.

Your coverage should be tailored to you

When choosing proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining whether your personal situation may require specific advice.

  • What can I do if my company won’t pay a claim?
  • How many claims can I have before being cancelled?
  • Are my friends covered when driving my vehicle?
  • Does my insurance cover a custom paint job?
  • When should my teen driver be added to my policy?
  • Should I have combined single limit or split liability limits?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

But I prefer to buy car insurance from an agent

Some people would rather talk to a local agent and that is a personal choice. Licensed agents are trained to spot inefficiencies and help in the event of a claim. One of the best bonuses of getting online price quotes is you can get better rates but still work with a licensed agent. And providing support for local agencies is important particularly in small towns and cities.

Upon completion of this form (opens in new window), your insurance coverage information gets sent to local insurance agents who will compete for your business. There is no reason to visit any agencies due to the fact that quote results will go to your email. How cool is that?!

Do you need an independent or captive insurance agency?

When researching a good insurance agency, there are two types of insurance agents to choose from. Insurance agencies in Nevada are either captive or independent. Both types can do a good job, but it’s important to know how they differ since it may influence the type of agent you choose

Independent Agencies or Brokers

Independent agents are not employed by any specific company but instead can place your coverage with any number of different companies depending on which coverage is best. To transfer your coverage to a different company, they simply move the coverage in-house without you having to go to a different agency.

When comparing rates, you should always contact multiple independent agents for maximum quote selection.

Captive Insurance Agents

This type of agents work for only one company and examples are State Farm, AAA and Liberty Mutual. They generally cannot shop your coverage around so they have to upsell other benefits. Captives are very knowledgeable on their products and sales techniques and that can be a competitive advantage.

For a full directory of insurance agents in Nevada, visit this page.

free  insurance quote

Picking a car insurance agent needs to be determined by more than just a low price. Some important questions to ask are:

  • If they are an independent agency, which companies do they recommend?
  • Who is covered by the car insurance policy?
  • Do they make recommendations based only on price?
  • Do they review policy coverages at every renewal?
  • How are claims handled?

Once you have acceptable answers for all questions you ask and a low price estimate, you’ve probably found an auto insurance agent that will properly service your auto insurance policy.

Online plus local equals savings

As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits only to find out that it was a big error on their part. The aim is to buy enough coverage for the lowest price, not the least amount of coverage.

We just showed you many ideas to save on auto insurance. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the most savings is with a company that doesn’t do a lot of advertising. These companies may only write in your state and offer lower rates compared to the large companies like Progressive or GEICO.

Learn more today

More information is available on the website for the Nevada Division of Insurance. Click here for link. Visitors are able to view agent and company licensing information, download brochures, learn about insurance regulations, and find disaster information.

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