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

Quick Facts

• Looking at the national averages for auto insurance, Nevada Capital offers significantly less expensive prices than Travelers
• Nevada Capital offers cheaper average premiums for policyholders who have a short commute
• Travelers may help you save more money -- they offer more discounts than Nevada Capital Insurance Company

Nevada Capital or Travelers: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Nevada Capital or Travelers for your next policy, but between the two, which company will offer you more affordable prices?

Looking at nationwide averages, Travelers has average rates that are around 25% a month more expensive than those from Nevada Capital.

However, that doesn't mean Nevada Capital will necessarily be less expensive than Travelers for each driver. Insurance carriers use a ton of complex algorithms to determine rates, so depending on where you live or how old you are (among numerous other factors), you could see wildly different premiums from the ones above.

So, if you want to find out which of Nevada Capital or Travelers is really the best for you, keep reading to see average rates for each company broken down by a variety of different rate factors.

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

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

That being said, there's a lot more that goes into your auto insurance bill than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers. That's because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of almost 20% less a month by choosing Nevada Capital over Travelers.

But both companies will offer you dramatically lower premiums by the time you turn 25. Travelers offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Nevada Capital still has the cheapest prices at $125 monthly.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best prices to retired drivers? Nevada Capital gets the edge, with premiums for drivers 65 and older over 35% cheaper than the national average for Travelers.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly more affordable car insurance prices than single drivers. That's because policies for married policyholders normally cover several vehicles, which lots of carriers will give you a discount for.

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

Nevada Capital or Travelers: Average Rates by Gender

You may not know, but auto insurance is typically more expensive for men than for women. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher rates.

With Nevada Capital, men usually pay about $2 per month more than women, and around $11 more with Travelers.

Looking at the data for each company specifically, Nevada Capital comes out as the most affordable option for both genders. On average, male drivers save about $46 a month and women save about $37 with Nevada Capital compared to the average Travelers policyholder.

Nevada Capital vs. Travelers: 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.

Insurance can be a complicated subject for most people. There are multiple different coverages that account for many 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.

Even so, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which typically refers to having collision and comprehensive coverages alongside liability coverage).

Looking specifically at state minimum liability insurance, Nevada Capital has the significant edge, with average monthly premiums 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 per month to Travelers's $225.

Is Nevada Capital or Travelers 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.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two carriers offers the lowest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Nevada Capital for their auto insurance can normally expect their monthly bill to go up about 23% after getting a speeding ticket. Travelers policyholders can expect a less drastic increase of around 20%.

That being said, Nevada Capital has less expensive rates for drivers in both categories, offering premiums that are 30% and 28% cheaper, respectively, compared to Travelers.

Which Company is Best for Drivers After an Accident?

Both companies will raise prices pretty significantly if you get into an at-fault collision with Travelers climbing by about 26%. Nevada Capital has a less extreme rise, but you can still expect to pay nearly 30% more than you were prior to your first accident.

At the end of the day, the more affordable rates come from Nevada Capital, with average prices coming in at $126 compared to Travelers's $173.

Which Company is Best for Drivers with a DUI?

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

How does Credit Score Impact Nevada Capital and Travelers Rates?

Did you know many car insurance carriers take into account your credit score when determining premiums? This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it might come into play for quite a few drivers.

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

Looking specifically at Travelers and Nevada Capital, which one has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Nevada Capital or Travelers 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 insurance carriers will charge for coverage. That's because the more milage you put on your car each year, the more likely you are to be in a collision and file an insurance claim.

Nevada Capital tends to be the less expensive option for both remote workers and those taking short commutes. Nevada Capital's average prices for drivers with 6,000 annual miles come in around 29% cheaper than Travelers. Those who drive 12,000 miles yearly can expect to pay about 22% less with Nevada Capital over Travelers.

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

Where your home is can play a large role in how much you pay for car insurance. Generally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more vehicles on the roads where they live.

Nevada Capital boasts the lowest average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 35% with Nevada Capital compared to Travelers. People who live in suburban areas pay about 29% less with Nevada Capital compared to Travelers. For policyholders in urban ZIP codes, Nevada Capital Insurance Company's average premiums are around 16% less than Travelers.

Nevada Capital vs. Travelers 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 insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Nevada Capital and Travelers offer their customers so that you can see which carrier can save you the most money each month.

Travelers blows Nevada Capital away when it comes to the sheer amount of discounts available, offering 10 more discounts than Nevada Capital.

There are a couple discounts both companies offer, but Travelers also offers discounts for alternative fuel, continuous insurance, COVID-19 relief, and more.

On the other hand, Nevada Capital has a few proprietary discounts of their own for things like employee discounts, prior carrier discounts, and renewal discounts.

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

So, you've seen how different variables can affect your car insurance prices. We've shown you all the discounts each company offers, too. That's all well and good, but at the end of the day, is Nevada Capital or Travelers the best one for you and your specific driver profile?

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

• Your driving record includes a DUI charge.
• You live in an urban area.
• You live in a rural neighborhood.

Travelers 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.

Hopefully, this guide helps you get a better idea of the difference between Nevada Capital and Travelers. We also hope we've given you the information you need to make the best 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 insurance policy is to compare quotes from multiple carriers, not just Nevada Capital and Travelers. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Nevada Capital vs. Travelers FAQs

Is Nevada Capital or Travelers cheaper?

Nevada Capital is the less expensive of the two carriers when looking at national average rates, with policies averaging $125 per month with Nevada Capital and $167 for Travelers. But that doesn't mean Nevada Capital will be the most affordable company for each policyholder, since there are lots of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Nevada Capital or Travelers?

Unfortunately, the only answer we can give you is "it depends.". Neither carrier is necessarily "better" for every policyholder -- it all depends on the makeup of your unique car insurance profile.

Why do Nevada Capital and Travelers offer me different rates?

Insurance companies use a lot of different variables when calculating the premiums they charge. Factors such as your driving record, where you park your car, age, gender, and sometimes even things like your credit score can all be used. Both Nevada Capital and Travelers calculate rates using different variables, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from several different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't Nevada Capital or Travelers 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.