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

Quick Facts

• Looking at the national averages for auto insurance, Nevada General offers more affordable prices than Key
• Key has cheaper premiums for policyholders whose driving record contains an at-fault collision
• Nevada General offers less expensive average rates for policyholders who drive fewer than 6,000 miles annually

Key or Nevada General: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Key or Nevada General, but between the two, which company will offer you cheaper prices?

As you can see, Key is around $36 more a month than Nevada General when looking at the national average rates for car insurance.

That being said, that doesn't necessarily mean Nevada General will be the less expensive option for every driver. Insurance carriers vary their premiums depending on things like how good your credit score is, how clean your driving record is, how old you are, where you live, and tons of other factors. So, at the end of the day, rates from every company will differ quite a bit from person to person.

So, if you want to find out which of Key or Nevada General is really the best for you, keep reading to see average prices for each carrier broken down by a bunch of different rate factors.

Key vs. Nevada General: Average Car Insurance Rates by State

Both Key and Nevada General only offer auto insurance in Nevada, so you'll see that the average figures here will mirror the ones we mentioned above. Nevada General drivers tend to pay about $36 per month less on average compared to drivers who use Key for their insurance.

Typically, the state you live in will play a big role in how much you pay for auto insurance, but since both companies only do business in Nevada, several other variables will come into play when you compare Key and Nevada General. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any group on the road. Generally, that's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Nevada General save 10% a month compared to those who use Key.

However, both companies will decrease prices once you turn 25. For example, average premiums for Key policyholders reduce over 65% and Nevada General's rates lower more than 65% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which normally reduces their chances of collisions and other infractions that can raise prices.

So, which company offers the best rates to retired drivers? Nevada General gets the edge, with prices for drivers 65 and older over 15% more affordable than the national average for Key.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be more expensive for those who are single than they are for married drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something several insurance carriers will reward with discounts.

For single policyholders, the difference in average rates between these two companies is significant, with Nevada General premiums coming in at about 15% less than Key's. But for married couples, that advantage is much less clear - Nevada General offers the lowest average rates.

Key or Nevada General: Average Rates by Gender

Because women are less likely to get speeding tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to offer women more affordable prices.

On average, women see rates more than 15% per month less with Key, but with Nevada General, the difference is closer to 2% a month.

When it comes to the cheapest prices for each gender, Nevada General offers the lowest average premiums for both men and women. On average, women save about $12 per month and men save around $60 with Nevada General compared to the average Key policyholder.

Key vs. Nevada General: 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. There are many different coverages that account for lots of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability).

Looking specifically at state minimum liability limits, Nevada General has the edge, with average monthly prices coming in at $150. If you want a full coverage policy with the same state minimum limits, Nevada General again has the edge, with policies averaging about $348 a month to Key's $373.

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

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Accidents and speeding tickets will most likely raise your rates, but is Key or Nevada General less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Key auto insurance policies don't report seeing their premiums increase after getting a ticket, but Nevada General policyholders can expect to see their monthly bill increase by around $20.

If you have gotten a speeding ticket, Key tends to offer the best rates at about 9% cheaper, while Nevada General has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

Both companies will increase prices pretty significantly if you get into an at-fault accident with Nevada General increasing by around 19%. Key has a less extreme increase, but you can still expect to pay more than 10% more than you were prior to your first collision.

At the end of the day, the more affordable premiums come from Key, with average rates coming in at $235 compared to Nevada General Insurance Company's $257.

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 car insurance bill -- usually a lot more than a collision or ticket. On average, Key will raise your prices about 57% after a DUI, while Nevada General's average premiums climb by nearly 30%.

But if you end up with a DUI charge and are looking for more affordable rates, Nevada General tends to be cheaper for the average driver, with monthly premiums coming in at around $298 to Key's $483.

How does Credit Score Impact Key and Nevada General Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it might come into play for a lot of drivers.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive prices.

So, which carrier offers the best premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Nevada General will generally reward you the most. For policyholders with "excellent" credit scores, Nevada General comes in just under 12.63 more affordable. Drivers with "good" credit scores typically save about 13% with Nevada General compared to average rates from Key.

Which Company is Best for Drivers with Bad Credit?

Nevada General typically offers lower prices than Key when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 13% per month less with Nevada General compared to Key, and those with "poor" scores normally save an average of about 13% per month.

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

How much you drive can have a pretty big impact on your monthly car insurance bill. Typically, those who drive less will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

In this case, neither Key or Nevada General report increasing prices for drivers with higher annual mileage figures. Nevada General comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average premiums of $249 a month for both.

Key or Nevada General: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a substantial impact on your monthly insurance cost. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer cars on the roads where they live.

When comparing these two companies side-by-side, Nevada General normally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Nevada General Insurance Company's average premiums are around $39 less than Key Insurance Company. People who live in suburban areas pay about $43 less with Nevada General compared to Key. Those in rural areas can expect to save around $25 with Nevada General compared to Key.

Key vs. Nevada General Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many auto insurance discounts as possible.

The hard part is finding all of the discounts you qualify for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and looked at all of the different discounts Key and Nevada General offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Nevada General has the advantage when it comes to total number of discounts. Key offers a grand total of four discounts, while Nevada General has nine.

A couple of those are overlapping for things like discounts for being a defensive driver and passive restraint discounts. Nevada General also offers discounts for agency transfer, driver training, EFT, and more.

On the other hand, Key has a few proprietary discounts of their own like good driving discounts and multi-car discounts.

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

So, we've broken down the average prices for many of the factors insurance carriers look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the best carrier for you and your specific profile and needs?

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

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• You're looking for the company with the most discounts.
• You drive fewer than 6,000 miles each year.

Key might be best for you if...

• You have a speeding ticket on your driving record.
• You have an at-fault accident on your record.

Hopefully, this guide has ben a valuable resource as you compare Key and Nevada General and that it aids in making a more informed decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several companies, not just Key and Nevada General. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Key vs. Nevada General FAQs

Is Key or Nevada General cheaper?

Nevada General is the less expensive of the two companies when looking at national average rates, with policies averaging $249 per month with Nevada General and $285 for Key. Even so, that doesn't mean Nevada General will be the lowest carrier for everyone, since there are a range of different variables that are considered when it comes to your insurance payment.

Who is better, Key or Nevada General?

Sadly, the answer truly is "it depends.". No one company is "better" for everyone -- it all boils down to your unique auto insurance profile. For example, Nevada General is more affordable for drivers who have less-than-stellar credit scores, while Key offers cheaper prices for policyholders with an at-fault collision on their record.

Why do Key and Nevada General offer me different rates?

Car insurance carriers use many different factors when determining the premiums they charge. Variables such as gender, where your home is, age, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Key and Nevada General calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best carrier for you isn't Key or Nevada General at all, but another you hadn't even thought of!

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.