How Much Is Car Insurance in Nevada? (October 2024)

Drivers in Nevada typically pay around $1,959 per year for full coverage car insurance, while the average yearly cost for minimum coverage is about $1,049. Your car insurance premium depends on age, coverage level, location, driving record and credit history.

The average annual cost for full coverage car insurance in Nevada is $1,959. Knowing this figure helps you gauge if you're getting a fair deal. To manage your expenses, compare car insurance quotes.

Here's what you might expect to pay for auto insurance in Nevada. These numbers show typical monthly and yearly costs for minimum and full coverage plans.

Car insurance in Nevada is more expensive than the national average. The state average annual premium for minimum coverage is $1,049, compared to the national average of $619. Higher rates in Nevada are due to urban traffic, frequent accidents, thefts, uninsured drivers and costly claims.

Car insurance premiums vary by company, even within the same state. In Nevada, COUNTRY Financial offers the cheapest average annual premium for full coverage at $840, while Dairyland has the highest at $4,467.

Compare quotes from different companies to find the most affordable car insurance in Nevada. This helps you get a deal that fits your budget while still providing the necessary coverage for your vehicle.

Car insurance costs in Nevada vary by coverage levels. Minimum coverage typically costs about $87 per month, while full coverage, including 100/300/100 with a $1,000 deductible, averages around $163 per month. Full coverage insurance, though more expensive, offers extensive financial protection.

Adding comprehensive and collision coverages will increase your premium, but choosing higher deductibles can reduce these costs. The deductible is the amount you pay out of pocket for each claim. Balancing deductible amounts can make full coverage more affordable while maintaining the protection you need.

In Nevada, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $20,000 for property damage per accident. Uninsured/underinsured motorist coverage isn't required.

Your location within Nevada significantly affects your car insurance premiums. For instance, full coverage costs $1,238 in Reno and $2,242 in Sunrise Manor.

Insurance companies set premiums based on your driving history and vehicle make and model. They also consider your area's crime rates, traffic conditions and environmental risks.

In Nevada, younger drivers aged under 30 pay the highest rates, with an average annual premium of $2,395.

Premiums generally decrease with experience, with drivers aged 30 to 59 averaging $1,959. Rates may slightly increase after age 60, averaging $1,989.

Age and gender affect car insurance rates in Nevada. Adding a 16-year-old male to a family policy costs about $4,466 annually or $372 monthly, the highest rate among age groups.

Teens under 18 usually cannot buy insurance without a guardian. If a 16-year-old male chooses an individual policy, the premium can rise to $9,532 annually or $794 monthly.

On average, full coverage car insurance for a 2012 model costs $1,627 annually, while a 2022 model costs $1,877. Newer models have higher premiums due to greater actual cash value, repair costs and theft risk.

For newer models, experts recommend comprehensive and collision insurance, which protects against various incidents, including theft, vandalism and accidents.

Knowing Nevada's average car insurance cost per driving record can help you budget better. Here’s how different driving infractions affect your rates:

• With a ticket: $2,541 per year; $212 per month
• With a DUI: $3,121 per year; $260 per month
• With an at-fault accident: $3,140 per year; $262 per month

The type of driving violation impacts how much more you’ll pay for insurance. Violations remain on your record and affect premiums for varying periods, such as up to ten years for a DUI in Nevada.

Other violations can be expensive also, depending on the insurer. Checking average insurance costs for different driving records by coverage and age group can help you find the most affordable plan.

In Nevada, car insurance costs vary significantly based on credit scores. Average annual rates range from $1,104 for excellent credit to $2,075 for poor credit. A good credit score, usually between 670 and 739, can lead to lower premiums, while scores below 670 often result in higher costs.

These key elements influence car insurance rates in Nevada:

• Driving record: Safe drivers in Nevada typically enjoy lower car insurance rates. Accidents, DUIs or traffic violations indicate higher risk, increasing premium costs.
• Credit score: Insurers view credit scores as reliability indicators. A higher credit score can equate to more affordable car insurance rates in Nevada.
• Age and experience: Young and inexperienced drivers may face higher premiums in Nevada due to their higher risk of accidents. Rates generally decrease as drivers gain experience and reach 25 years old.
• Vehicle type: Your car's model, make and year impact your rates. High-end sports cars may see higher premiums than sedans due to potentially higher repair costs and theft rates.
• Location: Urban areas with higher traffic congestion and theft rates, like Las Vegas, might have higher insurance costs than rural areas.
• Coverage type: Your chosen coverage level, including comprehensive insurance and collision insurance, significantly affects rates. Higher coverage limits result in higher premiums.
• Annual mileage: The more you drive, the more you're at risk for accidents, which can increase your car insurance rates in Nevada.
• Gender and marital status: Statistical differences in driving risk may influence rates — women and married drivers often receive lower premiums.
• Insurance history: A lapse in insurance coverage can raise your rates. Maintain continuous coverage to secure better pricing for your car insurance.
• Minimum coverage: Opting for the minimum coverage can lower your insurance cost but might not provide ample protection in an accident.

To ensure you get quality coverage at the best price, compare quotes, increase your deductible and use eligible discounts.

Get answers about what impacts the average cost of car insurance in Nevada and how to find affordable rates.