Cheapest and Best Car Insurance in Reno, NV (August 2024)

In Reno, Nevada, Nationwide offers the lowest minimum coverage, while Mercury is the most affordable for full coverage. When insuring families with teens, Nationwide is the cost-effective choice. For service excellence, Capital Insurance Group stands out, also earning top rank for overall value, considering both price and service.

MoneyGeek found that these companies are the most affordable options in Reno for those seeking the cheapest car insurance:

• Nationwide: $378 per year
• Capital Insurance Group: $385 per year

The company offering the most expensive minimum coverage policy in Reno is Allstate, with an annual premium of $1,133. The price difference between the cheapest and most expensive policies is $755. Choosing wisely after comparing rates could result in substantial savings.

For all cities in Nevada, including Reno, the minimum required car insurance coverage is set by state law. If you navigate Nevada’s roads, here’s the essential coverage you’re legally mandated to carry:

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

For example, if you're at fault in an accident and the other person's medical expenses total $30,000, your minimum coverage policy will cover up to $25,000 for that individual. In such a case, you would be responsible for the remaining $5,000 out of pocket. These established minimums are straightforward — make sure you're covered to keep your peace of mind on the roads.

These companies offer the cheapest full coverage car insurance in Reno:

• Mercury: $602 per year
• Country Financial: $737 per year

Dairyland is the most expensive provider of full coverage car insurance in Reno at $2,340, which results in an annual premium difference of $1,738 when compared to Mercury.

A full coverage policy includes coverage for damages to your own vehicle in the form of comprehensive and collision coverages. It usually also includes increased liability limits.

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

If you have a new vehicle, opt for full coverage for more robust financial protection. If you're leasing or have a car loan, you are typically required to carry full coverage insurance.

Contrastingly, owners of older vehicles may find the extra premium for full coverage less justifiable due to the car's decreased value. Striking the right balance is key when deciding how much car insurance you need; higher coverage leads to increased premiums, but with lower coverage, you run the risk of being inadequately insured.

MoneyGeek found that in Reno, full coverage policies vary based on the specific type of driving offense. Here are the companies with the most competitive annual premiums for each violation:

• Speeding Ticket: Mercury ($825 per year)
• At-Fault accident: Country Financial ($1,044 per year)
• DUI: Mercury ($1,095 per year)

CSAA has the most expensive rates for those with a speeding ticket ($3,205 per year), at-fault accident ($4,068 per year), and DUI ($3,441 per year). The difference in annual premiums between Mercury, the cheapest option after a speeding ticket, and the same after a DUI, is significant, showcasing how the severity of an offense can considerably impact car insurance rates.

In cities like Reno, insurance rates escalate with the severity of a driving offense because such infractions signal a higher risk to insurers. For instance, drivers with a DUI in Reno face an annual rate of approximately $2,536, while those with a speeding ticket see a lower rate near $2,062. This stark difference underscores the importance for drivers with a record of offenses to diligently compare insurance rates, as it can lead to substantial savings.

Here are two top companies that offer the cheapest rates for families with teen drivers in Reno:

• Nationwide: $1,692 per year for female teens and $1,822 per year for male teen drivers
• State Farm: $2,064 per year for female teens and $2,578 per year for male teen drivers

These rates reflect the combined policy cost for two parents and a teen driver. GEICO secures the position for the most expensive teen family policy in Reno, with the annual rates for a female teen at $4,617, showcasing a remarkable difference of $2,925 when compared to Nationwide's premium for the same demographic.

In Reno, as well as across various cities in the United States, teen drivers face steep car insurance premiums. It's economical for teens to join a family plan at $3,411. In contrast, individual policy runs approximately $7,025 annually. The considerable disparity is attributed to the elevated risk insurers associate with inexperienced teen drivers.

In Reno, here are two top providers of cheapest car insurance for military personnel and their families:

• Mercury: $602 per year
• Country Financial: $737 per year

Although not the least expensive among other providers, USAA ranks fifth with an annual premium of $971. While their rates are higher than Mercury and Country Financial, USAA is known for its services specifically tailored to the needs of active-duty military members, making it a valuable option for those who qualify.

In Reno, diligently comparing car insurance rates is a proven strategy for cost savings, though it can be a taxing process of spending upwards of 15 minutes per estimate.

Expedite this task significantly with MoneyGeek's car insurance calculator, designed to prioritize the key factors influencing Reno's car insurance costs. Simply input your age, driving history, credit score, chosen policy coverage, among other variables, to swiftly receive a tailored rate estimate.

Selecting the best auto insurance for you involves weighing various factors such as service quality, cost, coverage options and other personal considerations. MoneyGeek's research, which uses distinct scoring systems for different categories, has determined that in Reno, Capital Insurance Group stands out:

• Best overall: 91 out of 100
• Best for service: 88 out of 100
• Best cheap: 92 out of 100

Capital Insurance Group demonstrates its commitment to providing exceptional overall value, top-notch service, and budget-friendly options to its customers in Reno.

MoneyGeek found that Capital Insurance Group is the premiere choice for the best car insurance in Reno, ensuring drivers receive top-quality coverage and service.

• Capital Insurance Group: MoneyGeek score of 91 out of 100 ($773 per year)
• Mercury: MoneyGeek score of 83 out of 100 ($602 per year)

Capital Insurance Group stands out with its impressive MoneyGeek score, primarily bolstered by its highest Satisfaction and Claims scores. These scores showcase the company's commitment to customer happiness and dependable claims handling.

Capital Insurance Group is the best option in Reno for exceptional car insurance customer service.

• Capital Insurance Group: MoneyGeek score of 88 out of 100 ($773 per year)
• American Family: MoneyGeek score of 83 out of 100 ($1,132 per year)

Capital Insurance Group's high MoneyGeek scores in satisfaction, affordability and claims further solidify its top position, making it the most reputable choice for customers in Reno seeking quality service in the car insurance landscape.

MoneyGeek found that Capital Insurance Group is the best option in Reno for those seeking cost-effective car insurance that doesn't compromise on quality.

• Capital Insurance Group: MoneyGeek score of 92 out of 100 ($385 per year)
• Nationwide: MoneyGeek score of 81 out of 100 ($378 per year)

Capital Insurance Group surpasses others with its impressive MoneyGeek score, reflecting a balanced blend of affordability, customer satisfaction and robust claims handling. The score emphasizes that even for a minimum coverage policy, excellence in service and cost-efficiency can go hand in hand.

In Reno, Nevada, the average car insurance premium is $1,352, noticeably below the overall state average of $1,966.

Car insurance premiums are affected by various factors, including location. Traffic volume, weather conditions, rate of theft and other accidents also affect insurance costs. For instance, within Nevada, Sunrise Manor has the most expensive car insurance premium at $2,537, which is $571 above the state average. Meanwhile, Sparks boasts the lowest city premium at $1,338, undercutting the state average by $628. Areas with less traffic density, often non-urban, might see even lower rates.