Best & cheapest car insurance in Reno 2022

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Best & cheapest car insurance in Reno 2022: Nevada’s car insurance rates are higher than other states. The average cost of car insurance in Nevada is $ 1674, which is about 27% higher than the national average cost of $ 1,321.

Car insurance companies consider a number of factors in determining their customers’ insurance premium rates. The key factors are the car insurance premium rate depending on the customer’s age, gender, customer’s previous driving record, what type of car the customer drives, and what coverage customers take.

The best way to find cheap car insurance companies in Reno is to check the premium rates of car insurance companies.

How to get the Best & cheapest car insurance in Reno 2022

Before you find the best cheap car insurance among the conventional insurance on the market for you, you need to understand the reasons why car insurance rates increase.

Assess your needs: the cost of your auto insurance will depend on several factors, such as the car you drive, your driving history, your credit score, and whether you have a teen driver on your policy. For example, if a parent adds a teenager to his policy, he will likely face a premium increase because teens are considered high risk. He might even consider shopping around for a better deal and switching insurers.

Consider state factors: because earthquake damage is common in Nevada, insurance that goes beyond standard coverage amounts, such as gap insurance and original equipment manufacturer (OEM) coverage, can be beneficial after more severe damage.

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5 Cheapest Car Insurance Company in Reno

There are many car insurance companies in Reno. We have researched the premium rates of different companies based on customers’ age, customers’ previous driving record, and type of coverage. Based on our research, we have listed below 5 car insurance companies in Reno with full coverage and minimum coverage rates for you.

Best & Cheapest Car Insurance in Reno 2022 For 20-year-old Drivers

Company Minimum Coverage Full Coverage
Country Financial $596 per year,  $50 per month. $1,889 per year, $157 per month.
Geico $745 per year, $62 per month. $1,903 per year,  $159 per month.
Nationwide $1,277 per year,  $106 per month. $3,073 per year, $256 per month.
State Farm $1,388 per year,  $116 per month. $3,263 per year, or $272 per month.
Progressive $1,424 per year,  $119 per month. $3,787 per year, $316 per month

Best & Cheapest Car Insurance in Reno 2022 For 30-year-old Drivers

Company Minimum Coverage Full Coverage
Geico $330 per year,  $28 per month. $963 per year, $80 per month.
Country Financial $412 per year, $34 per month. $1,503 per year,  $125 per month.
Nationwide $543 per year,  $45 per month. $1,567 per year, $131 per month.
Progressive $560 per year,  $47 per month. $1,604 per year, or $134 per month.
State Farm $632 per year,  $53 per month. $1,735 per year, $145 per month

 

Best & Cheapest Car Insurance in Reno 2022 For 40-year-old Drivers

Company Minimum Coverage Full Coverage
Geico $329 per year,  $27 per month. $969 per year, $81 per month.
Country Financial $371 per year, $31 per month. $1,400 per year,  $117 per month.
Nationwide $515 per year,  $43 per month. $1,471 per year, $123 per month.
Progressive $565 per year,  $47 per month. $1,555 per year, or $130 per month.
State Farm $573 per year,  $48 per month. $1,717 per year, $143 per month

 

Best & Cheapest Car Insurance in Reno 2022 For 50-year-olds Drivers

Company Minimum Coverage Full Coverage
Geico $329 per year,  $27 per month. $882 per year, $74 per month.
Country Financial $371 per year, $31 per month. $1,348 per year,  $112 per month.
Nationwide $515 per year,  $43 per month. $1,386 per year, $116 per month.
Progressive $565 per year,  $47 per month. $1,445 per year, or $120 per month.
State Farm $573 per year,  $48 per month. $1,696 per year, $141 per month

 

Best & Cheapest Car Insurance in Reno 2022 For 60-year-olds Drivers

Company Minimum Coverage Full Coverage
Geico $297 per year,  $25 per month. $892 per year, $74 per month.
Country Financial $351 per year, $29 per month. $1,307 per year,  $109 per month.
Nationwide $493 per year,  $41 per month. $1,327 per year, $111 per month.
Progressive $521 per year,  $43 per month. $1,410 per year, or $118 per month.
State Farm $532 per year,  $44 per month. $1,629 per year, $136 per month

 

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The minimum auto insurance liability limits Reno, Nevada’s

  • bodily injury liability $25,000 per person.

  • bodily injury liability $50,000 per incident.

  • property damage liability $20,000 per incident.

The reason for the increase in car insurance rates in Reno:

One of the reasons for the rise in car insurance rates is where you live in Reno. Where you live, along with your driving record and credit score, is one of the most important factors in determining your car insurance rate. Because? The rate of crime, theft, and uninsured motorists varies by zip code. So if you live in an area where things are not going very well, auto insurers may classify you as high risk, which means you may have more than a friend living in the vicinity of your rate block. And unfortunately, Renault is no exception to that rule. From the zip code 89523 to 89431, the premium increases by 8 percent – which is $ 87

Expensive Reno ZIP Codes:

  • 89501
  • 89502
  • 89512
  • 89431
  • 89557

Cheaper Reno ZIP Codes

Just as Reno has more expensive neighborhoods, the city also has cheaper ones. These neighborhoods tend to have a lower population density and are at lower risk compared to others in Reno. Cheaper ZIP codes include the following:

  • 89506
  • 89508
  • 89510
  • 89521
  • 89523

Essential coverage that should be in your policy

Uninsured/underinsured motorist coverage: what happens if you are hit by a driver who has no or insufficient liability insurance? These types of insurance will pay for your medical expenses. Nevada auto insurance companies are required to offer you uninsured motorist coverage (UM) and underinsured motorist coverage (UIM), but you can in writing. These types of coverage are good for you.

Medical payments (MedPay): This insurance pays medical expenses for you and your passengers if you are injured in an auto accident, regardless of who is at fault. It also pays for medical expenses if you are hit by a vehicle as a pedestrian.
Collision and comprehensive insurance: What if you back up into a post? What if your car is damaged by a hailstorm? What if your car is stolen? What if you hit a deer? Collision and comprehensive insurance cover these types of problems, as well as damage to your car from floods, fire, riots, and falling objects such as tree branches.

No-fault insurance information in Reno:
Nevada is a no-fault state. This means that if you are involved in an accident, the driver who caused the accident is responsible for any related bills. Insurance companies and law enforcement work together to determine which driver was at fault, and that person’s insurance pays for the damages.

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Car insurance discounts in Nevada

Nevada motorists typically have several options available to them to lower their car insurance costs. While the exact options and discount percentages vary by provider, the most common include:

Good student: both parents and young drivers who have their own policies can qualify for good student discounts, which usually require students to have at least a B average to save.

Safety features: if you have common safety features like antilock brakes and airbags, you can often get a discount on your premiums.

Paperless: opting for fully digital policy administration instead of paper documents is not only more convenient but also has the potential to save money, as many insurers offer a discount for making the switch.

Sign up early: signing up for new car insurance a week or two in advance not only avoids a break in coverage but also allows you to receive a discount with many insurers.
Not all insurance companies offer the same number of discounts or even set the discounts at the same percentage of savings. Discounts for bundling different policies, however, are usually offered by all insurers and include the greatest savings, especially on home and auto policies. It may be worthwhile to speak with a company representative before making a purchase.

In the end: The reasons for the rise in car insurance rates, strategies to find cheap car insurance, car insurance rates for different age groups, minimum coverage amounts and some urgent coverages are some of the topics we have tried to present to you so that you can choose the cheapest and best car insurance.

 

Sources:

https://www.caranddriver.com/car-insurance/a36060875/car-insurance-reno-nevada/

https://www.msn.com/en-us/money/personalfinance/best-car-insurance-in-nevada-for-2022/ar-BB1dOcDJ

https://www.nerdwallet.com/article/insurance/cheapest-car-insurance-in-nevada-nv#how-we-chose-the-cheapest-companies-in-nevada

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