Cheapest car insurance companies in Henderson
A recent data analysis by Insurance.com found the cheapest car insurance companies are State Farm and Geico in Henderson for 2023.
State Farm offers the cheapest car insurance premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. for Henderson drivers at an annual rate of $1,696 a year, on average.
Car insurance costs may vary in Henderson based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Henderson.
| Companies | Average annual rates |
|---|---|
| State Farm | $1,696 |
| USAA | $1,844 |
| Geico | $1,919 |
| Travelers | $2,279 |
| American Family | $2,476 |
| Mercury Insurance | $2,545 |
| Progressive | $2,840 |
| Allstate | $3,457 |
| Farmers | $3,726 |
Cheapest car insurance cost in Henderson by Age Group
State Farm offers the cheapest full coverage car insurance for teenage drivers in Henderson, with an average annual cost of $4,730 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Henderson at about $2,664 per year.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Henderson is State Farm. Its average rate for a full coverage car insurance policy is $1,709 per year.
State Farm is the cheapest option for senior drivers in Henderson, with an average premium of $1,694 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| State Farm | $4,730 | $2,727 | $1,709 | $1,694 |
| American Family | $5,823 | $3,552 | $2,453 | $2,582 |
| USAA | $6,237 | $2,961 | $1,890 | $1,987 |
| Geico | $6,720 | $2,664 | $1,927 | $1,981 |
| Travelers | $8,182 | $3,605 | $2,332 | $2,476 |
| Farmers | $9,268 | $8,408 | $3,994 | N/A |
| Mercury Insurance | $12,412 | $5,115 | $2,654 | $2,849 |
| Allstate | $12,743 | $5,321 | $3,486 | $3,483 |
| Progressive | $12,917 | $4,873 | $2,822 | $3,006 |
| CSAA Insurance (AAA) | $18,044 | N/A | N/A | N/A |
Cheapest car insurance companies in Henderson by driver profile
When determining car insurance rates in Henderson, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
When it comes to finding the cheapest car insurance rates in Henderson, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Henderson drivers based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Henderson drivers at about $1,537 per year.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Henderson.
| Company | Average annual rates |
|---|---|
| Geico | $1,537 |
| Nationwide | $2,418 |
| Progressive | $2,925 |
| Travelers | $3,274 |
| State Farm | $3,280 |
| USAA | $3,408 |
| Farmers | $4,831 |
| Allstate | $4,851 |
Cheapest for drivers with a speeding ticket: State Farm
Based on recent data analysis, 30-year-old drivers in Henderson with speeding tickets on their driving record can get the cheapest car insurance rates from State Farm at an annual cost of $1,881.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average annual premium |
|---|---|
| State Farm | $1,881 |
| USAA | $1,927 |
| Nationwide | $2,023 |
| Geico | $2,336 |
| Progressive | $2,491 |
| Travelers | $2,946 |
| Allstate | $3,186 |
| Farmers | $3,929 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Henderson drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $2,016. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $2,016 |
| Geico | $2,381 |
| USAA | $2,559 |
| Nationwide | $2,697 |
| Travelers | $2,953 |
| Progressive | $3,307 |
| Allstate | $4,120 |
| Farmers | $4,445 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Henderson. On average, its annual full coverage rate is $1,881, making it a significantly cheaper option than other insurance providers.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,881 |
| Geico | $2,912 |
| Progressive | $2,977 |
| USAA | $3,461 |
| Travelers | $3,750 |
| Nationwide | $3,870 |
| Allstate | $4,630 |
| Farmers | $5,133 |
Average car insurance cost in Henderson
Full coverage car insurance in Henderson for a coverage limit of 100/300/100 is $2,331 per year or $194 per month, while the state minimum coverage costs an average of $895 a year.
While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,331 | $895 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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