Cheapest Car Insurance Companies in Las Vegas, NV (2024 Rates)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byMargarita Barresi
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Updated: May 20, 2024

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Your driver profile and needs will determine which company is the cheapest. State Farm is the cheapest or full coverage, young adults and those with driving offenses. Capital Insurance Group (CIG) is the most affordable for seniors, poor credit and sports car drivers. Nationwide is the cheapest for teens, and USAA for military members. If you’re looking for a combination of quality service and affordability, MoneyGeek also ranked the [best car insurance companies in Las Vegas](https://www.moneygeek.com/insurance/auto/best-car-insurance-las vegas-nv/).

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2024

Cheapest Car Insurance in Las Vegas, NV

Why Trust MoneyGeek? We gathered Las Vegas car insurance rates and data from the Nevada Division of Insurance and Quadrant Information Services. Learn More.

90,496Quotes Analyzed
 
14Companies Compared

Cheapest Minimum Coverage Car Insurance in Las Vegas

The companies offering the cheapest minimum coverage car insurance in Las Vegas are:

  • CIG: $521 per year
  • State Farm: $572 per year

The most expensive company is Dairyland, with an average premium of $2,419 per year. As of October 2022, State Farm offers the cheapest car insurance in Nevada at $466 per year. The cheapest company can vary based on location. For instance, CIG is the cheapest option in Las Vegas, although State Farm has the lowest average rates in Nevada.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Capital Insurance GroupAnnual Premium$521Monthly Premium$43
State FarmAnnual Premium$572Monthly Premium$48
NationwideAnnual Premium$644Monthly Premium$54
GEICOAnnual Premium$713Monthly Premium$59
ProgressiveAnnual Premium$717Monthly Premium$60
MercuryAnnual Premium$728Monthly Premium$61
TravelersAnnual Premium$963Monthly Premium$80
Country FinancialAnnual Premium$984Monthly Premium$82
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In Nevada, a minimum coverage policy meets the following requirements:

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

Liability coverage applies when you cause damage to a car or injuries to a person in it. For example, in an at-fault accident, your bodily injury liability will cover up to $25,000 per injured person but only up to $50,000 per accident, regardless of how many people are hurt.

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CAPITAL INSURANCE GROUP: WHAT YOU NEED TO KNOW

Capital Insurance Group (CIG), a member of the Auto-Owners Group, is a regional insurer that has been in business for over 125 years. The company is based in California, and auto coverage is available from CIG in Arizona, California, Nevada, Oregon and Washington. CIG is a financially strong company, with an AM Best financial strength rating of A (excellent), so a driver should not be concerned about trusting this company with their auto insurance coverage. To get a policy with CIG, you must go through an independent insurance agent — online quotes are not available.

Cheapest Full Coverage Car Insurance in Las Vegas

The following companies offer the cheapest full coverage car insurance in Las Vegas:

  • State Farm: $1,040 per year
  • CIG: 1,105 per year

Dairyland is the most expensive at $4,884 per year. State Farm also offers the cheapest full coverage car insurance in Nevada as of October 2022, with an average premium of $862 per year. Its premium in Las Vegas is higher, illustrating how location can affect insurance rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,040Monthly Premium$87
Capital Insurance GroupAnnual Premium$1,105Monthly Premium$92
NationwideAnnual Premium$1,194Monthly Premium$99
MercuryAnnual Premium$1,293Monthly Premium$108
GEICOAnnual Premium$1,373Monthly Premium$114
ProgressiveAnnual Premium$1,535Monthly Premium$128
American FamilyAnnual Premium$1,558Monthly Premium$130
FarmersAnnual Premium$1,596Monthly Premium$133

A full coverage policy includes comprehensive and collision insurance, which protect your vehicle.

  • Collision insurance: Covers incidents that involve hitting another vehicle or object, such as a tree, fence or light pole, and rollovers.
  • Comprehensive insurance: Covers non-collision damages, such as theft, vandalism, flooding and fire.

A full coverage policy may not be worth the cost for older, low-value vehicles because the premium could be higher than the car’s worth.

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Cheapest Car Insurance in Las Vegas After a Driving Offense

The cheapest car insurance company after driving violations in Las Vegas is State Farm, as follows:

  • Speeding ticket: State Farm ($1,152 per year)
  • At-fault accident: State Farm ($1,264 per year)
  • DUI: State Farm ($1,152 per year)

Dairyland is the most expensive company, costing $6,646 per year after a speeding ticket, $8,211 per year after an at-fault accident and $7,199 per year after a DUI. Driving violations have a significant impact on the cost of car insurance. Even with the most affordable company, your rates will be higher than if you had a safe driving record.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$1,152Monthly Premium$96
NationwideAnnual Premium$1,379Monthly Premium$115
Capital Insurance GroupAnnual Premium$1,465Monthly Premium$122
MercuryAnnual Premium$1,783Monthly Premium$149
AllstateAnnual Premium$1,934Monthly Premium$161
GEICOAnnual Premium$2,037Monthly Premium$170
FarmersAnnual Premium$2,045Monthly Premium$170
ProgressiveAnnual Premium$2,096Monthly Premium$175

Rates typically increase relative to the violation’s severity. In Las Vegas, rates increase by an average of $546 after a speeding ticket but by $1,111 after a DUI. The cheapest car insurance for drivers with bad driving records can change depending on other personal factors.

Cheapest Car Insurance in Las Vegas for Teens and Their Families

The cheapest car insurance companies for teens on a family policy in Las Vegas are:

  • Nationwide: $2,600 per year for female teens; $2,802 per year for males
  • State Farm: $3,164 per year for females
  • Allstate: $3,894 per year for males

The most expensive company is Progressive, at $5,999 per year for females and $6,361 per year for males. Car insurance is typically cheaper for females because insurers consider teen males riskier drivers. Nationwide, for example, is $202 cheaper for girls than for boys. This difference disappears as teenagers become young adults.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$2,600Individual Plan Monthly Premium$8,814
State FarmFamily Plan Annual Premium$3,164Individual Plan Monthly Premium$6,827
AllstateFamily Plan Annual Premium$3,607Individual Plan Monthly Premium$20,159
Capital Insurance GroupFamily Plan Annual Premium$4,448Individual Plan Monthly Premium$10,689
FarmersFamily Plan Annual Premium$4,765Individual Plan Monthly Premium$27,819
TravelersFamily Plan Annual Premium$4,844Individual Plan Monthly Premium$16,455
GEICOFamily Plan Annual Premium$5,450Individual Plan Monthly Premium$22,375
KemperFamily Plan Annual Premium$5,929Individual Plan Monthly Premium$15,724

If you're looking for the cheapest car insurance for teenagers, MoneyGeek recommends adding the teen to a family policy instead of purchasing a separate policy. Plus, a teen under 18 cannot legally purchase auto insurance unless a parent or guardian is a co-signer.

A family policy costs around $4,722 per year in Las Vegas, while an individual policy costs roughly $9,872 per year. By choosing a family policy, you can save $5,150 per year. Insurers also offer discounts for young drivers and students that can increase your savings.

Cheapest Car Insurance in Las Vegas for Military Drivers

The following companies offer the cheapest car insurance for military drivers looking for a full coverage policy in Las Vegas:

  • USAA: $1,036 per year
  • State Farm: $1,040 per year

For minimum coverage policies, the most affordable companies are CIG ($521 per year) and USAA ($547 per year).

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
USAAAnnual Premium$1,036Monthly Premium$86
State FarmAnnual Premium$1,040Monthly Premium$87
Capital Insurance GroupAnnual Premium$1,105Monthly Premium$92
NationwideAnnual Premium$1,194Monthly Premium$99
MercuryAnnual Premium$1,293Monthly Premium$108
GEICOAnnual Premium$1,373Monthly Premium$114
ProgressiveAnnual Premium$1,535Monthly Premium$128
American FamilyAnnual Premium$1,558Monthly Premium$130

How to Compare Cheap Las Vegas Car Insurance Quotes Online

Getting a car insurance quote online in Las Vegas, Nevada, can take at least 15 minutes. You might need to provide a large amount of personal information so the insurer can determine your rate.

MoneyGeek’s car insurance calculator only needs your age, vehicle type, coverage level and driving record to give you a quick estimate of your rates. It’s a faster and more convenient way to learn how much a policy might cost.

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Rates updated:

Jun 17, 2024

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Cheapest Car Insurance in Las Vegas for Young Adults

The cheapest car insurance companies for young adults who want a full coverage policy in Las Vegas are:

  • State Farm: $1,313 per year
  • GEICO: $1,583 per year

The most expensive company is Dairyland, at $5,594 per year. Young adults pay higher premiums than 40-year-old drivers. In Sin City, car insurance for young adults costs $2,356 per year on average, while insurance for 40-year-old drivers costs $1,944, a $412 difference.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,313Monthly Premium$109
GEICOAnnual Premium$1,583Monthly Premium$132
NationwideAnnual Premium$1,583Monthly Premium$132
American FamilyAnnual Premium$1,745Monthly Premium$145
MercuryAnnual Premium$1,781Monthly Premium$148
AllstateAnnual Premium$1,800Monthly Premium$150
Capital Insurance GroupAnnual Premium$1,801Monthly Premium$150
ProgressiveAnnual Premium$1,839Monthly Premium$153

Cheapest Car Insurance in Las Vegas for Seniors

The following companies offer the cheapest car insurance for seniors in Las Vegas who want full coverage policies:

  • CIG: $919 per year
  • State Farm: $971 per year

Dairyland is the most expensive company for seniors, with an average premium of $4,452 per year. Age significantly impacts rates, and the cost of car insurance typically increases after age 65. However, this is not the case in Las Vegas, where the average car insurance rate for senior and middle-aged drivers is the same at $1,944 per year. Other personal factors can affect your premiums, so comparing rates from different insurers is essential.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
Capital Insurance GroupAnnual Premium$919Monthly Premium$77
State FarmAnnual Premium$971Monthly Premium$81
NationwideAnnual Premium$1,108Monthly Premium$92
GEICOAnnual Premium$1,364Monthly Premium$114
MercuryAnnual Premium$1,405Monthly Premium$117
American FamilyAnnual Premium$1,450Monthly Premium$121
ProgressiveAnnual Premium$1,527Monthly Premium$127
FarmersAnnual Premium$1,614Monthly Premium$135

Cheapest Car Insurance in Las Vegas for Poor Credit

The following companies offer Las Vegas drivers with poor credit the cheapest full coverage car insurance rates:

  • CIG: $1,481 per year
  • Nationwide: $1,585 per year

Dairyland has the most expensive rates for this population at $6,043 per year. Your credit score can impact your premium. In Las Vegas, car insurance for drivers with bad credit is 40% more expensive than for those with good credit, a difference of $832.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Capital Insurance GroupAnnual Premium$1,481Monthly Premium$123
NationwideAnnual Premium$1,585Monthly Premium$132
MercuryAnnual Premium$1,878Monthly Premium$156
GEICOAnnual Premium$2,085Monthly Premium$174
Nevada General InsuranceAnnual Premium$2,179Monthly Premium$182
State FarmAnnual Premium$2,259Monthly Premium$188
American FamilyAnnual Premium$2,274Monthly Premium$190
ProgressiveAnnual Premium$2,316Monthly Premium$193

Drivers with low credit scores tend to file more claims than those with high ones. As a result, their rates are more expensive. Drivers with poor credit can find discounts, like bundling, which are common and easy to get. They can also compare quotes from insurance companies to find the most affordable options. Rates can decrease over time as credit scores increase.

Cheapest Car Insurance in Las Vegas for Sports Cars

The cheapest car full coverage car insurance for Las Vegas sports car drivers comes from:

  • CIG: $1,196 per year
  • State Farm: $1,231 per year

Dairyland has the most expensive premiums at $4,763 per year. Car insurance for sports cars can be higher, but not always. In Las Vegas, a full coverage policy for a Camry is $58, or 3%, more expensive than the same policy for a Mustang. The cheapest car insurance for sports cars may also depend on other circumstances.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Capital Insurance GroupAnnual Premium$1,196Monthly Premium$100
State FarmAnnual Premium$1,231Monthly Premium$103
GEICOAnnual Premium$1,341Monthly Premium$112
NationwideAnnual Premium$1,384Monthly Premium$115
FarmersAnnual Premium$1,386Monthly Premium$116
American FamilyAnnual Premium$1,478Monthly Premium$123
TravelersAnnual Premium$1,609Monthly Premium$134

MoneyGeek used a Ford Mustang as its sample sports car. Rates can vary based on the car’s make and model. Luxury, electric and sports cars are typically the most expensive vehicles to insure.

Average Cost of Car Insurance in Las Vegas

On average, car insurance in Las Vegas costs $1,944 per year for a full coverage policy with $100,000 bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.

This cost is $199 higher than the cost of car insurance in Nevada and $679 higher than the average cost of car insurance in the U.S.

SparksFull Coverage Average Annual Premium$1,235Minimum Coverage Average Annual Premium$621
RenoFull Coverage Average Annual Premium$1,238Minimum Coverage Average Annual Premium$615
HendersonFull Coverage Average Annual Premium$1,779Minimum Coverage Average Annual Premium$970
Las VegasFull Coverage Average Annual Premium$1,944Minimum Coverage Average Annual Premium$1,061
EnterpriseFull Coverage Average Annual Premium$2,003Minimum Coverage Average Annual Premium$1,086
ParadiseFull Coverage Average Annual Premium$2,008Minimum Coverage Average Annual Premium$1,087
North Las VegasFull Coverage Average Annual Premium$2,056Minimum Coverage Average Annual Premium$1,109
Spring ValleyFull Coverage Average Annual Premium$2,072Minimum Coverage Average Annual Premium$1,123
Sunrise ManorFull Coverage Average Annual Premium$2,242Minimum Coverage Average Annual Premium$1,217

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.