bestauto insuranceLas Vegas2021
The Cheapest and Best Car Insurance in Las Vegas
The Cheapest Car Insurance Companies in Las Vegas
Insurance companies that provide the lowest rates for a full coverage policy in Las Vegas are:
- USAA: $988 per year (limited to former and current military members and their families)
- GEICO: $1,172 per year
Car insurance companies in Las Vegas have varying rates. The cheapest, widely available rates are offered by GEICO, with an average price point of $1,172 per year. The most expensive, on the other hand, is CSAA at an average of $3,398. These are both on the extreme opposite ends, as they both deviate more than $1,000 from the city average.
You should consider all of your personal factors when determining insurance costs. While car type and driving records both affect car insurance rates, it still helps to know state baseline costs. Knowing the average base cost for Nevada can help you estimate how much you will spend on car insurance in Las Vegas.
MoneyGeek used a sample 40-year-old male driver with a full coverage policy to calculate the average car insurance costs in Las Vegas. The policy includes liability coverage, along with comprehensive and collision insurance.
Average Cost of Car Insurance in Las Vegas
If you’re looking for car insurance in Las Vegas, know that rates there are more expensive than in most cities. Average car insurance rates in Las Vegas are $2,221 annually, $797 higher than the national average. Location isn't the only determining aspect of an auto insurance rate, so drivers should learn more about the other car insurance factors that affect rates.
The Best Car Insurance Companies in Las Vegas
MoneyGeek’s ranking of the best auto insurance companies in Las Vegas can help you find quality service at the lowest rates. Based on MoneyGeek’s exclusive ranking system, the best auto insurance in the city is from:
- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
USAA received the highest score in Las Vegas by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek considered various factors to come up with these scores, including user satisfaction, financial stability and affordability scores from J.D. Power.
Personalized Quotes to Get You the Cheapest Car Insurance in Las Vegas
The insurance company will build your profile once you ask for a quote. Your profile will include factors like age, driving record, credit score and driving experience. They will then base your insurance cost on your individual profile. The higher the risk they find in your profile, the more expensive your insurance will be.
Insurance plan rates vary from person to person. As such, getting a personalized quote is necessary if you want to determine which insurance plan is best for you.
Shopping around for car insurance in Las Vegas could save you $1,049, which is enough to buy:
81Months of Your Favorite Streaming Service
Cheapest Car Insurance in Las Vegas by Coverage Amount
In Las Vegas and other cities within Nevada, how much you pay for car insurance depends on the amount of coverage you purchase. The average cost for the state’s minimum liability policy, for instance, is $1,191 per year, while a full-coverage policy that offers higher limits costs an average of $2,221 per year — a difference of $1,031.
Nevada Minimum Liability Requirements
Bodily Injury and Property Damage
$25,000 per person, $50,000 per accident and $20,000 for property damage. A more protective level is 100/300/100.
There are different levels of car insurance available, ranging from state minimum coverage to comprehensive policies. Expect to pay more for the latter, of course. Differences in costs between coverage levels can vary widely for some companies.
In Las Vegas, a state minimum liability-only policy from GEICO costs around $639 per year, while upgrading to a 50/100/50 full-coverage plan will set you back around $950. Even though this is a significant cost increase, you will receive $50,000 in coverage for an individual’s injuries, with a limit of $100,000 per vehicle, as well as $50,000 in property damage. This policy also includes protections against uninsured motorists and provides coverage for your own vehicle. In other words, if you can afford it, it’s often worth it.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Cheapest Car Insurance in Las Vegas if You Have Driving Violations
Each driving offense in your record increases the cost of your car insurance premium. The differences vary depending on what company you look at, but they are often significant. For example, a GEICO customer with a clean record will pay an average of $1,172 per year, while getting even one speeding ticket will drive that cost up by around $442.
Also, expect to pay a significantly higher amount if you have a DUI or an at-fault accident. On average, car insurance companies in Las Vegas will charge you $896 more for a DUI, and you can expect to pay around $1,141 more per year for an at-fault accident.
Average Cost of Car Insurance by Postal Code
For most cities, car insurance costs also differ based on your ZIP code. This is because some neighborhoods are more prone to crimes and accidents compared to others. The more likely you are to encounter these incidents, the higher your costs become.
In Las Vegas, this difference is not as pronounced as it is in some other cities. The most expensive ZIP code in the city for car insurance (89108) is about $117 higher than the cheapest annual premium, in ZIP code 89110. A more extreme comparison is New York City, with differences amounting to almost $2,000.
State Minimumper year
1. All Kinds of Insurance5532 S Fort Apache Rd, Ste 100, Las Vegas, NV, 89148
2. AssuredPartners Safeguard Insurance375 E Warm Springs Rd, Ste 201, Las Vegas, NV, 89119
3. Ulyanna Chung - State Farm Insurance Agent4730 W Blue Diamond Rd, Ste 125, Las Vegas, NV, 89139
4. Valerio Tax Services & Insurance4583 W Desert Inn Rd, Las Vegas, NV, 89102
5. Allstate Insurance: Thomas Finch7766 W Sahara Ave, Las Vegas, NV, 89117
Insurance Providers That Serve Las Vegas
Factors That Impact Insurance Costs in Las Vegas
In addition to individual driver needs and history, location-specific factors
like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance
rates in Las Vegas. How Las Vegas ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Most Accidents With Fatalities99th/300 Most Uninsured Motorists by State29th/50 Personal Injury Protection RequiredNo Most Annual Rainfall303rd/300
Methodology and Assumptions
MoneyGeek’s average premium rates for Las Vegas are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.