Car insurance in Reno costs an average of $1,239 yearly, which is lower than the Nevada average. The cheapest widely available provider for average drivers is GEICO, but MoneyGeek also evaluated the cheapest options across different driver profiles and coverage levels. For those requiring a balance between cost and service, MoneyGeek also rated the best companies in the city.
Compare the Cheapest Car Insurance Quotes in Reno, NV
The Cheapest and Best Car Insurance in Reno
The Cheapest Car Insurance Companies in Reno
The companies with the cheapest average rates for a full coverage policy in Reno are:
- USAA: $744 yearly (only available for current and former military)
- GEICO: $870 yearly
In terms of affordable auto insurance companies in Reno, USAA comes in first place. Reno drivers can get a policy with an average annual premium of $744, which is $495 less than the city average, with USAA. However, USAA has strict membership qualifications. Only former or active members of the military can apply for USAA policies.
If you are not qualified, consider the second most affordable company in Reno: GEICO. For an average of $870 per year, you can get an auto insurance policy from GEICO. That rate is $369 less than the city's average cost of auto insurance. The most expensive annual premium is from CSAA. A policy from CSAA costs an average of $1,997 per year, which is more than twice the annual premium with GEICO.
To complete this study, MoneyGeek used a sample driver profile to collect average car insurance rates in Reno. The sample driver is a 40-year-old male with a full coverage policy, including liability and comprehensive and collision coverage
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Average Cost of Car Insurance in Reno
Reno has an average auto insurance rate of $1,239 annually, which is cheaper than both the state and national average annual premiums. Reno drivers pay around 34.8% less than the $1,900 state average. The average car insurance rate in Reno is also 13% cheaper than the national annual average of $1,424.
The Best Car Insurance Companies in Reno
For customers looking for a company that balances affordable costs and quality service, MoneyGeek ranked the best insurers in Reno. According to MoneyGeek’s research, the top companies for most drivers are:
- State Farm: MoneyGeek score 90 out of 100
- GEICO: MoneyGeek score 90 out of 100
USAA received the highest score in Reno 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.
To arrive at these final scores out of 100, MoneyGeek used several criteria, including J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Reno
Car insurance companies in Reno consider various factors when they calculate annual premiums. Such factors include age, gender, driving history, car make and model, and ZIP code. As your life circumstances change, so does the cost of your auto insurance. The best way to find accurate rates is to frequently get personalized quotes. Doing so will also let you see if you qualify for rebates or discounts.
Shopping around for car insurance in Reno could save you $369, which is enough to buy:
Cheapest Car Insurance in Reno by Coverage Amount
In Reno and elsewhere, how much you pay for a car insurance policy depends on the level of coverage you want to include. For example, a state minimum liability policy costs an average of $653 per year. A full coverage policy with higher liability limits costs roughly $586 more per year at $1,239 on average.
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.
Comparing the differences in car insurance quotes in Reno will help you decide on what option is best for your circumstances. Will a minimum liability coverage be enough? If that is the case, you can purchase a policy for as low as $372 from USAA. If you do not qualify for their policy, an alternative option is GEICO. GEICO's annual premium for state minimum liability is $447.
You can also buy a 50/100/50 liability-only or full-coverage policy. Choosing this option will allow you to get up to $50,000 for bodily injuries of a person, $100,000 per accident and $50,000 for property damage. If there is only a small difference in costs, it may be better to get full coverage. GEICO’s liability-only plan costs $526. By adding $207, you can upgrade to full coverage.
If you want more comprehensive protection, you can opt for 100/300/100 full coverage. Among the car insurance companies in Reno, USAA offers the cheapest annual premium for this coverage level: $744. For people outside of the military, GEICO offers an $870 annual premium.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Reno if You Have Driving Violations
Responsible drivers in Reno get better deals compared to those with moving violations, such as speeding tickets, DUI or at-fault accidents. For example, a driver with a speeding ticket or a DUI will have to pay a $1,077 annual premium for a State Farm policy. That rate is $81 more than the $996 annual premium that a driver with a clean record pays. Meanwhile, if you have been in an accident where you were at fault, your annual premium for a similar policy will increase to $1,158.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Where you live in Nevada also affects the cost of your auto insurance. Every ZIP code has an average car insurance rate. In Reno, the rates range from $1,182 to $1,284. The cheapest ZIP code is 89506, $1,182. Meanwhile, drivers living in ZIP code 89502 pay the most expensive rate, $1,284.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Reno
Factors That Impact Insurance Costs in Reno
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 Reno. How Reno ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Reno 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.
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