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

Quick Facts

• Looking at the national averages for car insurance, Nevada Capital offers significantly more affordable prices than State Farm
• Nevada Capital has less expensive rates for policyholders whose driving record contains an at-fault collision
• State Farm may help you save more money -- they offer more discounts than Nevada Capital Insurance Company

Nevada Capital or State Farm: 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've maybe even narrowed your search down to Nevada Capital or State Farm as potential options, but between the two, which one will offer you cheaper premiums?

Looking at nationwide averages, State Farm is around $33 more a month than Nevada Capital.

Even so, Nevada Capital may not be the lowest or best option for each driver out there. Auto insurance carriers use a ton of complex algorithms to determine rates, so depending on how old you are or how good your credit score is (among a lot of other factors), you could see wildly different prices from the ones above.

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

Nevada Capital vs. State Farm: Average Car Insurance Rates by State

Nevada Capital and State Farm only compete against each other in Nevada, where State Farm offers the cheaper average premiums. State Farm drivers tend to pay about $2 per month less on average compared to drivers who use Nevada Capital for their insurance.

There's a lot more that goes into your car insurance cost than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any group out there on the road. Generally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. For example, 18-year-old drivers pay an average of almost 20% less a month by choosing Nevada Capital over State Farm.

That being said, with both companies, you'll see your premiums decrease significantly by the time drivers turn 25. For example, average rates for Nevada Capital policyholders drop about $150 and State Farm's prices lower around $200 over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Nevada Capital and State Farm specifically, which carrier is best for retired drivers? Nevada Capital gets the edge here, with average prices coming in at about $85 per month compared to State Farm's $111.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be more expensive for single policyholders than they are for married policyholders. That's because policies for married drivers generally cover more than one vehicle, which several carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is significant, with Nevada Capital rates coming in at a quarter less than State Farm's. For married couples, the advantage is clear again - Nevada Capital has the edge when it comes to average premiums.

Nevada Capital or State Farm: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to auto insurance men will normally end up paying a little more.

On average, women see prices around 2% per month less with Nevada Capital, but with State Farm, the difference is closer to 7% a month.

When it comes to the cheapest rates for each gender, Nevada Capital comes out as the lowest option for both genders. On average, male drivers save about $38 per month and women save about $28 with Nevada Capital compared to the average State Farm policyholder.

Nevada Capital vs. State Farm: 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, insurance can be pretty complicated. There are so many different limits and coverages that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and passengers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, Nevada Capital has the edge, with average monthly prices coming in at $75. If you want a full coverage policy with the same state minimum limits, Nevada Capital again has the edge, with policies averaging around $174 a month to State Farm's $216.

Is Nevada Capital or State Farm Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and accidents lead to higher premiums, but which company -- Nevada Capital or State Farm -- has the most affordable prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Nevada Capital for their car insurance can typically expect their monthly bill to go up about 23% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of around 14%.

But Nevada Capital has more affordable premiums for drivers in both categories, offering rates that are 34% and 25% cheaper, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Nevada Capital drivers who get in a collision can expect to see their prices climb by just under 30%, while those who have insurance through State Farm will see about a 20% increase.

At the end of the day, the less expensive premiums come from Nevada Capital, with average rates coming in at $126 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your insurance bill. For example, Nevada Capital increases average premiums by nearly $80 per month -- that's more than a 45% increase.

How does Credit Score Impact Nevada Capital and State Farm Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for quite a few policyholders.

Car 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, drivers with good credit will often be rewarded with cheaper 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?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a considerable impact on your monthly premiums. Usually, the more milage you put on your car, the more you can expect to pay for auto insurance.

For both remote workers and those taking short commutes, Nevada Capital tends to be the more affordable option. Nevada Capital's average prices for drivers with 6,000 annual miles come in around $34 less expensive than State Farm. Those who drive 12,000 miles yearly can expect to pay about $32 less with Nevada Capital over State Farm.

Nevada Capital or State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a substantial impact on your monthly insurance payment. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

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

If you live in a rural area, you can expect to pay around $89 a month with Nevada Capital compared to State Farm's $127. People in suburban areas pay about $114 with Nevada Capital compared to State Farm's $161 monthly. In urban areas, Nevada Capital's average rates are around $171 a month compared to State Farm's $185.

Nevada Capital vs. State Farm Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

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

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

State Farm blows Nevada Capital away when it comes to the sheer amount of discounts available, offering eight more discounts than Nevada Capital.

Both companies offer many of the same discounts -- like ABS discounts, discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts -- but State Farm also offers discounts for annual mileage, distant student, drive safe & save, and more.

On the other hand, Nevada Capital has a few proprietary discounts of their own for things like advance quote discounts, employee discounts, good payer discounts, and more.

Final Thoughts: Is Nevada Capital or State Farm Best for You?

You've seen the role certain variables have on your auto insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, is Nevada Capital or State Farm the best fit for you?

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

• You have a clean driving record, free of collisions, tickets, or DUIs.
• Your neighborhood is in the suburbs.
• You want to save money while purchasing insurance for a teenager.

State Farm might be best for you if...

• You're planning on moving to another state soon -- undefined is only available to residents.
• Your credit score is high.
• You care about discounts (State Farm offers the most).

Hopefully, this guide has ben a valuable resource as you compare Nevada Capital and State Farm and that you can now make a more informed decision when it comes to your car 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 insurance -- comparing quotes from a handful of companies, not just Nevada Capital and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top car insurance carriers in your area, all in just a few minutes.

Nevada Capital vs. State Farm FAQs

Is Nevada Capital or State Farm cheaper?

Nevada Capital is the more affordable of the two companies when looking at national average prices, with policies averaging $125 per month with Nevada Capital and $158 for State Farm. That being said, that doesn't mean Nevada Capital will be the cheapest company for every policyholder, since there are a bunch of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Nevada Capital or State Farm?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for everyone -- it all comes down to what your unique auto insurance profile looks like. For example, State Farm is cheaper for drivers with excellent credit, while Nevada Capital offers less expensive rates for drivers with a recent DUI.

Why do Nevada Capital and State Farm offer me different rates?

Insurance carriers use many different variables when determining the premiums they charge. Things like where you live, gender, where you call home, age, and sometimes even things like your credit score can all be taken into consideration. Both Nevada Capital and State Farm calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from several 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 ZIP code and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best company for you isn't Nevada Capital or State Farm 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.