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

Quick Facts

• Based on national averages for insurance, Nevada Capital offers significantly cheaper premiums than Metlife
• Metlife offers more discounts than Nevada Capital Insurance Company
• Nevada Capital offers more affordable prices for policyholders who have a clean driving record, free of accidents, tickets, or DUIs

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

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering hefty discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Metlife or Nevada Capital as potential options, but which carrier will save you the most?

Looking at the national average rates for both companies, Nevada Capital is quite a bit cheaper than Metlife, with rates averaging $125 per month compared to $340 with Metlife.

Even so, that doesn't mean Nevada Capital will necessarily be more affordable than Metlife for each driver. Car insurance carriers use tons of complex algorithms to calculate premiums, so depending on where you live or how clean your driving record is (among many other factors), you could see wildly different prices from the ones above.

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

Metlife or Nevada Capital: Average Car Insurance Rates by State

Metlife and Nevada Capital only compete against each other in Nevada, where Nevada Capital offers the cheaper average prices. For Nevada residents, Nevada Capital offers auto insurance for $125 per month on average. Metlife's average premiums come out to be over 70% more expensive, at $408 monthly.

That being said, there are plenty of other factors that go into your car insurance bill than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any group on the road. The reason is that young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. Just look at the table above -- where 18-year-old drivers who have Nevada Capital for their auto insurance pay more than $500 less than those who use Metlife. It's worth noting that Metlife offers insurance in 44 different states compared to Nevada Capital's one, which can skew the average premiums a bit, but the difference here is still considerable.

However, both companies will offer you dramatically lower prices once you turn 25. Nevada Capital offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. Metlife's average rates reduce over 70% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest premiums out there.

When looking at Metlife and Nevada Capital specifically, which company is best for retired drivers? Nevada Capital gets the edge here, with average rates coming in at about $85 a month compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more expensive for single drivers than they are for married drivers? That's generally because married policyholders tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, Nevada Capital is the clear winner for single policyholders, with premiums around $289 a month cheaper than Metlife, on average. The advantage for married couples with Nevada Capital is also obvious, where drivers save nearly 55% per month.

Metlife vs. Nevada Capital: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll normally end up paying more for auto insurance than women.

With Metlife, men usually pay almost 10% more a month than women., while with Nevada Capital, the difference is closer to 2% per month.

When it comes to the most affordable prices for each gender, Nevada Capital comes out on top for both men and women. On average, male drivers save about $228 a month and women save about $202 with Nevada Capital compared to the average Metlife policyholder.

Metlife 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.

For most people, car insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

But the most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability coverage).

If you're looking for state minimum liability limits, Nevada Capital normally offers significantly less expensive rates of $75 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Nevada Capital again has the edge, with policies around $300 per month more affordable than Metlife, on average.

Is Metlife 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 auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with at-fault accidents and tickets on your record, but which of these two carriers offers the lowest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Metlife policyholders can expect their rates to go up an average of $59 a month if they get a ticket, while Nevada Capital typically raises premiums about $27 per month, on average.

That being said, Nevada Capital is usually the less expensive option for both drivers who have clean records and those with a recent speeding ticket -- their rates are around 60% cheaper for drivers with clean records and 58% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Metlife drivers who get in an accident can expect to see their prices climb by over 40%, while those who have insurance through Nevada Capital will see around a 30% increase.

Overall, the cheaper premiums come from Nevada Capital, with monthly prices averaging $126 compared to MetLife's $368.

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 a collision or ticket. On average, Metlife will increase your rates about 55% after a DUI, while Nevada Capital's average premiums increase by over 45%.

Nevada Capital has the overall most affordable rates for drivers with a DUI on their records at $168 monthly, but it's worth noting that Metlife's average rates come from 44 states compared to just one for Nevada Capital, so the data may be skewed slightly.

How does Credit Score Impact Metlife and Nevada Capital Rates?

You may not have known, but your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for many policyholders.

Car insurance companies 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, drivers with good credit will often be rewarded with more affordable prices.

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 great credit, you'll usually find a better deal with Nevada Capital. Drivers with "excellent" credit can save just under 55% compared to Metlife, and those with "good" scores can also expect to see savings -- around $160 or 58% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Nevada Capital typically offers lower premiums than Metlife when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $211 a month less with Nevada Capital compared to Metlife, and those with "poor" scores normally save an average of around $374 per month.

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

How much you drive can have a large impact on your monthly prices. Usually, the more miles you drive, the more you can expect to pay for coverage.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Nevada Capital tends to be the more affordable option. Nevada Capital's average rates for drivers with 6,000 annual miles come in more than 65% less expensive than Metlife. Those who drive 12,000 miles every year can expect to pay over 60% less with Nevada Capital over Metlife.

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

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a considerable impact as well. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Nevada Capital generally comes out as the lowest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Nevada Capital offers rates about $171 a month compared to Metlife's $389. People who live in suburban ZIP codes can expect to pay around $114 per month for Nevada Capital and $333 for Metlife. Lastly, those in rural areas tend to get the cheapest premiums from both companies, with average monthly prices coming in at $89 and $299 for Nevada Capital and Metlife respectively.

Metlife 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. That's where insurance discounts comes into play.

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

In the table below, we've taken a look at all of the different discounts Metlife and Nevada Capital offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Nevada Capital away when it comes to the sheer amount of discounts available, offering 36 different discounts to Nevada Capital's 15.

Both carriers offer many of the same discounts -- like anti-theft discounts, employee discounts, discounts for being a good driver, and multi-policy discounts -- but Metlife also offers AAA discounts, academic discounts, agency transfer discounts, and more that Nevada Capital does not.

On the flip side, Nevada Capital has a couple unique discounts of its own -- advance quote discounts, good payer discounts, new vehicle discounts, and more.

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

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which company is the best company for you and your specific profile and needs?

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

• You're looking for the best rates in NV.
• You want basic car insurance coverage at the state minimum limits.
• You are purchasing your insurance with a spouse.

Metlife might be best for you if...

• You value the experience that comes with a large national auto insurance carrier.
• You want to save extra money with discounts.

We hope this guide helps you get a better idea of the difference between Metlife and Nevada Capital. We also hope we've given you the information you need to make the best decision about your insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from several carriers, not just Metlife and Nevada Capital. Luckily, sites like Compare.com make 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 companies in your area, all for free.

Metlife vs. Nevada Capital FAQs

Is Metlife or Nevada Capital cheaper?

Looking just at the national average rates, Nevada Capital is the cheaper of the two carriers, offering average rates of $125 a month compared to $340 for Metlife. However, Nevada Capital won't necessarily be the most affordable company for everyone, since there are a range of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Metlife or Nevada Capital?

Unfortunately, the only answer we can give you is "it depends.". No one carrier is "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Metlife and Nevada Capital offer me different rates?

Insurance companies take a look at several different factors when calculating the premiums they charge drivers. Things such as where your home is, gender, age, where you call home, and sometimes even things like your credit score can all come into play. Both Metlife and Nevada Capital calculate prices differently, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies 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 insurance carriers in your area. That way, you can guarantee you're getting the most affordable rate. And who knows, the best company for you might not be Metlife 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.