Key vs. Nevada Capital: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Nevada Capital offers significantly cheaper premiums than Key
• Nevada Capital offers more affordable rates for drivers who have received a ticket within the last few years
• Nevada Capital offers more affordable premiums for policyholders who have a clean driving record, free of accidents, tickets, or DUIs

Key vs. Nevada Capital: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You might be considering Key or Nevada Capital as your top options, but which carrier has more affordable rates for insurance?

As you can see, Nevada Capital is quite a bit cheaper than Key, with prices averaging $125 per month compared to $285 with Key when looking at the national average rates for auto insurance.

However, that doesn't necessarily mean Nevada Capital will be the less expensive option for every single driver. Car insurance companies vary their premiums depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and all sorts of other factors, so rates could change drastically from person to person.

Luckily, we've broken down average prices from both Key and Nevada Capital by multiple different rate factors, so read on to find out which company is the best for you.

Key or Nevada Capital: Average Car Insurance Rates by State

Both Key and Nevada Capital only offer auto insurance in Nevada, so you'll see that the average figures here will mirror the ones we mentioned above. For Nevada residents, Nevada Capital offers car insurance for $125 per month on average. Key's average premiums come out to be over 70% more expensive, at $285 a month.

Typically, where you live will play a big role in how much you pay for insurance, but since both companies only do business in Nevada, multiple other factors will come into play when you compare Key and Nevada Capital. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers out there on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

That being said, that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of more than $400 less a month by choosing Nevada Capital over Key.

But with both carriers, you'll see your prices drop significantly by the time drivers turn 25. For example, average premiums for Key policyholders lower over 65% and Nevada Capital's rates reduce nearly 55% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the cheapest insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

So, which carrier offers the best prices to retired drivers? Nevada Capital gets the edge, with premiums for drivers 65 and older $138 more affordable than the national average for Key.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are normally more expensive for single drivers than they are for married drivers? That's because policies for married policyholders usually cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Nevada Capital is the clear winner for those who are single, with rates about $200 per month less expensive than Key, on average. The advantage for married couples with Nevada Capital is also obvious, where drivers save more than 50% a month.

Key vs. Nevada Capital: Average Rates by Gender

You may not know, but insurance is typically more expensive for men than for women. This is because men are more likely to get tickets and get into accidents, which increases the chances of an insurance claim.

On average, men see premiums almost $55 per month higher with Key, while with Nevada Capital, the difference is closer to $2 a month.

When it comes to the most affordable prices for each gender, Nevada Capital comes out as the lowest option for both genders. On average, male drivers save about $185 per month and women save around $134 with Nevada Capital compared to the average Key policyholder.

Key or Nevada Capital: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that auto insurance can be pretty complicated. Everyone needs car insurance, but there are so many different coverages and limits that it can be hard to find the right policy.

Even so, most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside liability).

If you're looking for state minimum limits for liability insurance, Nevada Capital normally offers significantly cheaper rates of $75 compared to Key's $196. When it comes to full coverage policies with similar limits, Nevada Capital again has the edge, with policies about $200 a month less expensive than Key, on average.

Is Key or Nevada Capital Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that collisions and tickets lead to higher premiums, but which company -- Key or Nevada Capital -- has the cheapest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Key car insurance policies don't report seeing their prices increase after getting a ticket, but Nevada Capital policyholders can expect to see their monthly bill increase by around a quarter.

However, Nevada Capital has more affordable premiums for drivers in both categories, offering prices that are 58% and 45% cheaper, respectively, compared to Key Insurance Company.

Which Company is Best for Drivers After an Accident?

Key policyholders who get in a collision can expect to see their rates increase by $25, while those who have insurance through Nevada Capital will see about a $35 increase.

Overall, Nevada Capital offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly rates averaging $126 compared to Key Insurance Company's $235.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- generally a lot more than an accident or ticket. For example, Key increases average premiums by over $250 per month -- that's over a 55% increase.

If you have a DUI on your record and are looking for more affordable prices, Nevada Capital tends to be the much more affordable option with average premiums of $168 monthly compared to $483 from Key.

How does Credit Score Impact Key and Nevada Capital Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating prices? This isn't always the case (for example, Michigan and Massachusetts are two states that ban the practice entirely), but it might come into play for a lot of drivers.

Insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the best rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Nevada Capital. Drivers with "excellent" credit can save just under 65% compared to Key, and those with "good" scores can also expect to see savings -- around $171 or 60% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Nevada Capital typically offers lower prices than Key when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $157 a month less with Nevada Capital compared to Key, and those with "poor" scores usually save an average of around $129 a month.

Is Key or Nevada Capital Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much car insurance carriers will charge for coverage. Typically, the more miles you drive, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Key charges. However, there's a pretty significant difference in monthly premiums for Nevada Capital, with drivers who put 6,000 miles on their vehicle each year paying about $15 less every month compared to those who drive 12,000 miles yearly. Still, Nevada Capital is the less expensive option for drivers in both categories.

Key vs. Nevada Capital: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can have a considerable impact on your monthly insurance bill. Generally, those who live in rural areas will pay less than policyholders in urban areas because of the small number of vehicles that are on the roads in those areas.

Nevada Capital tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

In urban areas, Nevada Capital's average rates are around $171 per month compared to Key's $386. Drivers in suburban ZIP codes pay a monthly price of about $114 with Nevada Capital compared to $234 with Key. If you live in a rural area, you can expect to pay around $89 monthly with Nevada Capital and $234 with Key.

Key vs. Nevada Capital Discounts

Regardless of why you might be in the market for a new car insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

In the section below, we've broken down all of the different discounts offered by both Key and Nevada Capital so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Nevada Capital knocks Key out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than Key.

There are a couple discounts both companies offer, but Nevada Capital also offers ABS discounts, advance quote discounts, anti-theft discounts, and more that Key does not.

Key's discounts come through just a few categories, including Defensive Driver, Good Driving, Multi-Car, and more.

Final Thoughts: Is Key or Nevada Capital Best for You?

So, we've broken down the average prices for many of the factors car insurance carriers look at, and we've shown you all the discounts each company offers. But, at the end of the day, which insurance carrier is the right company for you and your specific profile and needs?

Nevada Capital might be best for you if....

• You're single and purchasing insurance by yourself.
• Your home is located in the suburbs.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Key might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide has ben a valuable resource as you compare Key and Nevada Capital. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Key and Nevada Capital. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Key vs. Nevada Capital FAQs

Is Key or Nevada Capital cheaper?

Looking just at the national average premiums, Nevada Capital is the more affordable of the two companies, offering average rates of $125 a month compared to $285 for Key. That being said, Nevada Capital won't necessarily be the lowest company for everyone, since there are several different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Key or Nevada Capital?

Sadly, the real answer is "it depends.". No one carrier is "better" for each driver -- it all boils down to your unique car insurance profile.

Why do Key and Nevada Capital offer me different rates?

Auto insurance carriers take a look at several different factors when determining the rates they charge drivers. Things like age, gender, where your home is, your driving record, and sometimes even things like your credit score can all come into play. Both Key and Nevada Capital use different formulas, so each one will most likely offer different prices. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a variety of different companies.

How do I know if Key or Nevada Capital is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Key or Nevada Capital at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.