Cheap Car Insurance in Reno, NV
Are you looking for cheap auto insurance in Reno, NV? From AutoInsuranceEZ.com, you will find the lowest cost insurance premiums in your city. To receive free car insurance estimates offered by the top rated providers right away, provide your zipcode within the quote box in this posting.
Reno isn’t even the second largest city in the entire state of Nevada, but it is the #2 destination for tourism right behind Las Vegas. Like its larger sister-city, Reno offers travelers legal gambling, thrilling shows, exquisite dining; but it also boasts luxurious golf courses and even ski resorts. After tourism, the largest business in Reno is warehousing and distribution.
- Fun fact: is the air getting thin? Because Reno is #23 on the list of “Top 100 highest located cities (pop. 50,000+)”. Discover more about Reno.
Auto Insurance Coverage Requirements in Nevada
Driving legally in Reno requires:
|Bodily Injury Liability||15,000/30,000||100,000/300,000|
|Property Damage Liability||10,000||50,000|
|Uninsured Motorist Bodily Injury||Not required||50,000/30,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||100 deductible|
If you think Liability coverage will be enough, give that decision a little extra thought. After all, Liability coverage only pays out claims if the incident was something you were deemed liable for. Which means that if someone hits you, or an act of nature damages your vehicle, you are 100% responsible for those costs. Your insurance company won’t pay a cent.
Most Las Vegas drivers are finding themselves paying around $116 per month for automotive insurance in your state. However, Reno drivers have the opportunity to pay as little as $40/mo*! You can learn money-saving tricks and tips here in this article.
Farmers, Allied, and State Farm are offering some impressively low rates on automotive insurance policies for Reno residents. But if you’re thinking about switching providers, understand that there’s more to choosing a company than a low rate. Customer service is important too, as well as their claims process.
Auto insurance providers contemplate different factors when figuring out insurance quotes, especially driving experience, accident claims, credit score/rating, years of driving experience, and multiple cars and drivers. Also keep in mind that premiums differ from provider to provider. To find out if you’re still paying the lowest-cost fee, compare cheap Reno auto insurance rates on the web.
Major Car Insurance Factors in Reno
There is a range of numerous things which might factor into the rate quotes you are given. Even though many specific things aren’t really something you can do something about, some of them are variables that you can change for the better. Here are a few things that might change your auto insurance premium:
Your Zip Code
Your auto insurance rates may vary according to the spot where you call home. In general, populous urban centers feature greater auto insurance rates as the extra number of car owners on the streets boosts the likelihood of an accident! The total population of Reno amounts to 233,294 plus the general household earnings are $48,740.
If the zip code where you live experiences a high number of serious accidents, your insurance company will raise your rates. Take a look at the chart below to find out about accident rates in Reno. If these numbers make you uncomfortable, ask your insurance agent if you’re paying more in premiums for driving in Reno. You can also ask about Safe Driver discounts.
Auto Thefts in Reno
Residing in a large city (Chiefly any with a high crime rate) raises your likelihood of becoming a target for auto thieves. In cases where your regular locale has higher rates of auto theft claims filed, you can expect to spend much more for your car insurance in order to balance out these expenses. The actual full amount of taken vehicles in Reno was 868 back in 2013. But even this low rate of theft won’t guarantee that you’ll be protected from having your car stolen. Only Comprehensive coverage can manage that.
Your Credit Score
Most drivers don’t realize how important their credit score is when determining their monthly rates. In this chart, you can clearly see that motorists with poor credit are being charged anywhere from 25-50% higher rates than those with excellent credit.
The older you are, the more experience you will likely have behind the wheel. With this experience comes lower monthly premiums. That’s why teenage drivers are charged so much more – their lack of experience makes them a much riskier investment.
Your Driving Record
Insurance providers are increasingly offering “Accident Forgiveness” discounts for drivers with minor violations on their record. However, there are limits to these discounts. Most of them won’t apply to serious citations, such as a DUI or a Reckless Driving charge. Also, your company may limit this to only one violation, and if you have more than one, they may decide which one to ignore.
Luxury vehicles are much more expensive to insure than your standard, run-of-the-mill compact sedan. This is true both because of expensive replacement/repair costs, and because they require much more comprehensive coverage.
Minor Car Insurance Factors in Reno
Additionally, Nevada drivers can save by keeping an eye on the following factors:
Your Marital Status
Did you know that married couples can significantly lower their premiums by bundling their policies with the same company? Of course, you have to make sure you’re insured by the same provider first. And if that insurance company also does homeowner’s or renter’s insurance, you can save even more.
Regardless of past misconceptions, the idea that one gender is safer behind the wheel than the other (and therefore deserves to pay less in premiums) is slowly fading away. Many companies don’t charge different premiums at all if gender is the only factor in question. For those that do, it rarely makes more than a few percentage points of difference.
Your Driving Distance to Work
While commutes of 15-20 minutes are most common in Reno, a shorter commute time of 14-21 minutes is also highly likely for the typical resident. Nearly three-quarters of the population will use their own automobile to get to work, while another 9-17% will choose to carpool with others.
You might think that driving fewer miles in a little city like Reno would save you a ton on monthly premiums – but you’d be off by quite a bit. Even infrequent drivers may only save 3-4% on their monthly costs. Business vehicle owners, on the other hand, can expect to pay 11% higher premiums.
Your Coverage and Deductibles
If you want to add more coverage to your policy, but don’t want to pay a fortune in premiums, consider raising your deductible. Even increasing it by a hundred dollars or more can seriously cut down your monthly costs.
Education in Reno, NV
Nearly a quarter of Reno inhabitants have earned a high school diploma or other equivalent. The next largest segment, almost 19% of the population, has at least one year or more of college experience. If you are one of the fortunate individuals with a higher education, you could be eligible for a discounted car insurance rate. And yes, it’s even bigger than what you would get for having a special job or a really great salary.
The University of Nevada, Reno is the largest institution for higher learning in the area. It hosts over 15,000 students each year and offers degrees in popular programs such as education, medicine, and journalism. For an associate’s degree, prospective students can look toward the Truckee Meadows Community College.
Identifying your own financial risk can be extremely challenging or unattainable for the typical insurance shopper. Insurance companies have got an edge on buyers because of their statistics and experiential knowledge. Learn specifically what insurance companies don’t really want you to find out.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
If you’ve got a zip code, then we’ve got free quotes from providers near you which can significantly lower your monthly payment.