Car insurance premiums in Henderson cost an average of $2,447 per year, which is $310 more than the Nevada state average of $2,137 per year. Rates will vary by driver and location, but there are many ways to bring the price of car insurance down.
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By shopping around and comparing quotes, drivers can look for the cheapest rates. There’s a lot of information available that may seem overwhelming, so if you need help choosing the right insurance policy while making sure you get the right price, let Policygenius can help you.
GEICO has the lowest average rate in Henderson at $1,174 per year
The cheapest rates in Henderson based on ZIP code are in 89015
Liability minimums in Nevada include $25,000 bodily injury liability coverage per person and $50,000 per accident as well as $20,000 in property damage liability coverage
The cheapest car insurance companies in Henderson include State Farm and USAA, though GEICO’s average rate of $1,174 is the least expensive. Each company looks at data that tells them how much of a risk each driver could be to insure. The difference in rates comes down to how each company views that data. For example, State Farm offers a better average rate if you have a DUI, but GEICO is cheaper if you have bad credit.
Location plays a big part in how much companies charge for insurance. Areas with a lot of people and cars on the road see more accidents, so high population density will raise rates for a certain ZIP code. Neighborhoods with higher rates of crime, like theft and vandalism, will likely pay more for insurance.
The cheapest ZIP code in Henderson is 89015 with an average rate of $2,329 per year, but some ZIP codes pay much more. As an example, residents in ZIP code 89074 pay an average rate of $2,594.
Since not every car insurance company views drivers’ data the same way, it’s important to get quotes from a few different insurers. Not only do you want to find the cheapest rate, but you should figure out how much coverage you need to get the best policy for your situation. It’s also important to find a company with excellent customer service. If you need assistance in finding the company that provides everything you’re looking for, the experts at Policygenius can help.
When calculating car insurance rates, companies will look at a potential customer’s recent driving record for violations and accidents. Normally, they look back from three to five years, with bigger offenses staying in your history longer than lesser violations. While tickets for running a red light or following too closely will make your premiums go up, you’ll see the biggest increase in costs for reckless driving, driving with a suspended license, or a DUI. In most cases, a non at-fault accident will have little or no impact on your rate.
Another data point that insurance companies use to determine your premium is your credit score. Some companies will take into account a bad score because studies have shown that drivers with poor credit are more likely to file an insurance claim. Drivers with good credit may be more likely to pay out of pocket for car repairs or medical bills, instead of going through their insurance.
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The state of Nevada, like most other states in the country, requires all drivers to be insured when driving on public roads. States have minimum coverage requirements to protect drivers in case of accidents. A collision can lead to hefty bills — both in terms of medical costs and the cost of repairing the damage to your car. Without insurance, the responsible party would end up with a lot to pay out of pocket.
Nevada is not a “no-fault” state, which means whoever is found to have caused an accident is responsible for paying the resulting bills. To protect everyone involved, the following is the minimal amount of coverage required in the state:
Bodily injury liability coverage per person: $25,000
Bodily injury liability coverage per accident: $50,000
Property damage liability coverage: $20,000
Uninsured/underinsured motorist coverage: $25,000 per person and $50,000 per accident
Personal injury protection is optional in Nevada, as are collision coverage and comprehensive coverage, but all three are worth looking into. When getting quotes from insurance companies, check to see if these optional items are affordable on your budget. Personal injury protection covers medical bills for the driver and passengers, no matter who is at fault for the accident. Similarly, collision insurance will pay for repairs to your car after an accident, even if you caused the damage. Finally, comprehensive coverage pays for anything that happens to your car when you’re not driving it, such as theft, vandalism, or damage from natural occurrences like hail or falling tree limbs. If you have extra room in your budget, consider these add-ons.
The cost of auto insurance varies by driver, but there are tips everyone can use to make sure they’re getting the cheapest prices:
Look for a new policy every one to three years to see if you can get a lower premium from another company.
Get quotes from multiple insurers to compare prices and see what rates you can get for the coverage you want.
Ask about discounts offered by each company because you might be eligible for safe driver discounts if you have a clean driving record, military discounts if you’re a service member, bundling discounts if you buy home and auto together, and more.
The cheapest average rates in Henderson are through GEICO, but that doesn’t necessarily make them the best for you. Since all insurance companies calculate their rates differently, it’s important to shop around to get the right coverage for the most affordable price.
It’s true that, with a clean driving record, most drivers see their rates go down when they turn 25. Teenagers see some of the highest costs for auto insurance, but that price goes down a little with every year of experience behind the wheel.
Most insurance companies look back from three to five years into your driving record. If your speeding ticket was over five years ago, it most likely will no longer affect your premium.
While Henderson has a relatively low crime rate, it’s still the second biggest city in Nevada. Population and population density are big factors in determining the cost of insurance. The more people there are driving on the roads in a city, the more likely there is for an accident.
Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:
Bodily injury liability: 50/100
Property damage liability: $50,000
Uninsured/underinsured motorist: 50/100
Comprehensive: $500 deductible
Collision: $500 deductible
In some cases, additional coverages were added where required by state or insurer.
Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.
Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.