How Much Is Car Insurance in Nevada? (2023)

The cost of car insurance can vary significantly based on various factors, including your insurer, age, driving record and credit score. Nevada drivers pay an average of $940 for the cheapest full coverage policy from CSAA and up to $3,971 for the same policy from Dairyland, the most expensive provider. Meanwhile, 16-year-old drivers on family plans face higher car insurance rates than adults, at a yearly average of $4,446.

In Nevada, the average cost of auto insurance is $1,534. This rate is significantly more expensive than the national average of $1,054 per year for a full coverage policy.

However, rates can vary according to your driver profile. The amount of coverage you choose and your driving history are two of the most significant factors determining premiums. Drivers with a DUI on their record may pay a premium as high as $2,487 yearly for full coverage, while drivers with a speeding ticket will pay an average yearly rate of $2,011.

Nevada car insurance is expensive compared to the national average of $1,054 per year for a full coverage policy. High traffic volumes, dense urban populations and more costly providers are all possible causes of high insurance prices. This state is also known for its high vehicle theft rates, increasing the risk for insurers. Factors like age and driving history can also impact the premiums of each driver in the state.

The cheapest car insurance in Nevada will differ depending on your insurer. CSAA is the most affordable minimum coverage auto insurance in Nevada, with an annual premium of around $444 ($940 for full coverage), while Dairyland is at the opposite end of the pricing spectrum, at around $1,899 a year ($3,971 for full coverage).

While full coverage policies in Nevada are typically more expensive than minimum coverage policies, you can find affordable full coverage by shopping around and comparing quotes.

In Nevada, the average cost of car insurance can range from $869 yearly for the lowest liability-only coverage to $1,930 annually for the most comprehensive coverage. Drivers should know that as you increase your liability limits, your insurance costs will also increase.

Drivers who get comprehensive insurance can expect higher premiums. However, you can lower your full coverage premiums by increasing your deductible.

A policy with minimum coverage is the cheapest you can buy in Nevada. It is important to note that, unlike full coverage insurance, these policies have no comprehensive or collision coverage and offer the lowest possible liability limits.

Insurers typically shorten their descriptions of liability coverage to 50/100/50 or 100/300/100. For example, a 25/50/20 insurance policy would include the following limits:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $20,000 property damage liability per accident

Usually, drivers who want to get broader protection can purchase liability coverage ranging up to 300/500/300. These policies protect your car and anyone else involved in an accident.

Age is a significant factor when figuring out how much car insurance costs on average in Nevada. Insurance rates for young drivers tend to be higher because insurers perceive them as riskier to insure. The average full coverage premiums for different age groups are as follows:

• 22–29: $1,895 a year
• 30–59: $1,534 a year
• 60 and older: $1,560 a year

People in their 20s tend to pay more for car insurance, while drivers in their 30s through 50s will likely pay similar rates. However, once drivers reach 60, their costs may increase slightly. Premiums for new drivers in their 30s may also be more expensive due to their lack of driving experience.

Teenage drivers in Nevada typically pay much more for car insurance. Average yearly premiums for a 16-year-old male driver buying his own full coverage insurance can be as high as $9,532. However, you can get cheaper insurance by purchasing a family plan to decrease average rates to $4,466 yearly.

The cost of a family plan typically decreases as young drivers age. At 19-years-old, a male driver may pay $3,269 yearly for full coverage and then, at age 22, pay a yearly average of $2,761. Gender is another influencing factor. A 16-year-old female driver will pay $4,117 a year on average, a difference of $349.

Rates for teenage drivers will vary between providers, so shopping around is essential to find the best deal.

A new car in Nevada costs a yearly average of $1,877 to insure on a full coverage policy, while an older car costs $1,627 a year. That results in a 13% price difference between models.

Actual cash value (ACV) represents how much an insurer has to pay if your vehicle is totaled. Older cars typically come with lower rates due to their lower ACV, as they are less expensive to repair and less likely to be stolen.

If you own a newer car, consider buying full coverage insurance. These policies offer comprehensive protection to protect your vehicle from damage in an accident.

Your driving record can dramatically affect your car insurance premiums. The following are average full coverage premiums based on different driving backgrounds:

• Clean record: $1,534 a year
• Speeding ticket: $2,011 a year
• At-fault accident: $2,479 a year
• DUI: $2,487 a year

Typically, the more severe the traffic violation, the higher your premium increase will be. Different providers will charge varying rates for drivers with histories of violations. Shop around and compare quotes to find the cheapest insurance for drivers with a poor record in Nevada.

Your credit score is another factor affecting your car insurance costs in Nevada. Average insurance rates for a full coverage policy grouped by the driver’s credit score are as follows:

• Excellent: $1,104 per year
• Good: $1,350 per year
• Fair: $1,590 per year
• Below fair: $1,799 per year
• Poor: $2,075 per year

Providers will penalize you for your credit score differently, so we recommend shopping around and comparing quotes to find cheap auto insurance in Nevada for drivers with poor credit.

While car insurance rates can vary significantly between states, they can also differ between a state’s cities. The average cost of auto insurance varies based on where you live, with densely populated cities with higher theft rates costing more than rural areas.

Sparks has the lowest average auto insurance rates in Nevada at $1,235 per year for a full coverage policy. Meanwhile, Sunrise Manor has the highest average rates at $2,242 annually.

We answered the most frequently asked questions about Nevada auto insurance prices. Your rates may vary depending on your driving profile and location.