The Average Cost of Auto Insurance in Reno, NV, is $1,100

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The population of Reno, according to the U.S. Census Bureau, is 250,998. The median household income here is $54,916, while the per capita income is $31,477. The average cost of auto insurance in Reno is $1,100. and ranges between $768 and $1,561. Car owners here can save up to $440 by comparing multiple auto insurance quotes from different insurance companies. The cost of auto insurance depends on numerous factors, including the neighborhood one lives in. Zimlon provides car owners with the option of keying in their zip code to get accurate auto insurance quotes from different insurers. The cost of auto insurance in Reno is much lower than the cost of insurance in neighboring places such as Cold Springs. It is also lower than the average cost of auto insurance in the state of Nevada.

cost_of_auto_insurance_in_renoDemographics:

Age and gender are some of the other factors that can affect the cost of auto insurance. As the above infographic indicates, married women tend to pay the least on insurance, at a mere $1,001. The cost of auto insurance increases for drivers with minimum driving experience. Teenagers are considered to be unsafe drivers. Male teenagers have to pay $2,717 on an average, while female teenagers pay $2,519. This is twice the amount paid by married drivers in Reno. Women are generally considered to be safer drivers.

Deductibles:

Deductibles are one of the most common factors affecting the cost of auto insurance in Reno, NV. A higher deductible leads to a decrease in the cost of auto insurance, while a low deductible leads increases the price. For instance, the cost of auto insurance when the deductible is $500 (GMC, Sierra 1500 SL) is $1,140. This goes down to $1,080 when the deductible is higher at $1,000. But, this is not always the case. It also depends on the make and model of the vehicle and the claim amount.

Multiple Vehicles:

It is always smarter to insure multiple vehicles under the same auto insurance policy. This would help car owners in improving their savings. The cost of insuring two cars under a multi-car insurance policy is $2,090, while it is $4,290 for four cars. This also depends on the make and model of the car and the rate of the deductible. Car owners can also fetch more discounts by bundling together their auto, life, and home insurance under the same insurer. 

Driving Record:

Possessing a clean driving record always helps in obtaining cheaper auto insurance. In contrast, a driving record riddled with multiple violations will only increase the cost of auto insurance. For example, post-DUI, the average cost of auto insurance in Reno, NV, increases to $2,046. Other violations that could lead to a massive increase include driving with an expired license and running a red light.