The Cheapest Car Insurance in Nevada for 2022
At $612 annually for minimum coverage, GEICO offers the cheapest car insurance in Nevada.
MoneyGeek gathered auto insurance rates to identify the cheapest car insurance in Nevada. While GEICO is the cheapest option overall, the most affordable company for you may differ depending on your profile. For instance, State Farm offers the lowest rates for drivers with a DUI, whereas Allstate provides the best rates for young drivers. Drivers could save around $2,103 per year on their premiums by simply comparing rates.
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The Cheapest Car Insurance in Nevada
If you want an even more accurate rate based on where you live, MoneyGeek broke down the cheapest auto insurance in Nevada by city. We also evaluated the best car insurance companies in Nevada if you’re looking for a balance of quality service and cost.
Why Trust MoneyGeek? Nevada car insurance rates in this study are based on our analysis of data and information from the Nevada Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Nevada have changed up to this month.
Cheapest Minimum Liability Car Insurance in Nevada
Minimum liability coverage is the cheapest car insurance option in Nevada. The policy only meets the state car insurance requirements and provides limited protection to drivers.
MoneyGeek found that, on average, the cheapest companies in Nevada for minimum liability car insurance are:
- GEICO: $612 per year
- Travelers: $859 per year
For military members and their families, USAA's $520 average annual rate is the most affordable option for minimum liability coverage. The highest rate for minimum liability insurance in Nevada is from Farmers, which charges roughly $1,523 per year.
CHEAPEST MINIMUM CAR INSURANCE IN NEVADA
These prices are only estimates based on rates for an average Nevada driver and should not be used to compare insurance prices.
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Cheapest Full Coverage Car Insurance in Nevada
Full coverage car insurance features comprehensive and collision protection for your vehicle for road accidents and off-road incidents that cause damage. The policy costs more but often provides higher liability limits while protecting your car.
Based on MoneyGeek’s analysis, the companies that provide the average lowest full coverage rates in Nevada are:
- GEICO: $1,136 per year
- Travelers: $1,458 per year
If you are part of a military family, USAA offers the cheapest full coverage policy in Nevada at an average annual rate of $985. The insurance carrier with the highest rate for full coverage is CSAA, costing an average of $3,088 per year.
CHEAPEST FULL COVERAGE CAR INSURANCE IN NEVADA
Nevada drivers may pay more or less than the above averages and should compare quotes from insurance companies to find the best rates. The prices above are estimated average annual costs for full coverage car insurance for a policy with comprehensive and collision coverage of $100,000 in bodily injury liability per person, $300,000 bodily injury coverage per accident and $100,000 coverage for property damage per accident.
How to Compare Cheap Nevada Car Insurance Quotes Online
- When buying car insurance in Nevada, comparing quotes against specific limits can help you identify the best provider. For example, if you need comprehensive and collision insurance with a $1,000 deductible, specify this amount across all providers.
- MoneyGeek’s car insurance calculator can give you a general quote on what an auto policy costs in Nevada — without entering your personal information. You only need to provide more details if you want a personalized quote.
- Based on MoneyGeek’s scores, USAA, GEICO and Travelers offer the lowest car insurance rates in Nevada. Consider getting quotes from these companies first.
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Cheapest Car Insurance in Nevada for Young Drivers
Since young drivers are less experienced, they carry more risk, and auto insurance providers charge them a higher premium. In Nevada, an auto policy for a 16-year-old costs an average of $4,484 per year; a 25-year-old pays an average of $1,737 annually for the same policy.
MoneyGeek’s data shows that Allstate is a great option for a less expensive full coverage auto insurance policy in Nevada for drivers aged 16-18. Between the ages of 19 and 25, GEICO has the lowest car insurance prices.
ANNUAL CAR INSURANCE IN NEVADA FOR YOUNG DRIVERS
Young drivers tend to pay high auto insurance rates because they lack experience behind the wheel. In Nevada, Allstate is the cheapest for 16-year-olds at an average annual rate of $4,066, while GEICO is the most affordable for 25-year-olds at approximately $1,142 per year. Essentially, the nine-year difference results in a change of $2,924 annually.
Cheapest Car Insurance in Nevada for Seniors
Car insurance companies in Nevada charge higher rates for senior drivers than middle-aged drivers. On average, senior drivers in the state pay $2,096 per year for full coverage, which is roughly $102 higher than what an average 40-year-old driver pays.
On average, for full coverage, the cheapest car insurance companies in Nevada for senior drivers are:
- GEICO: $1,374 per year
- State Farm: $1,683 per year
If you have a military background, USAA's $1,158 average annual rate for Nevada seniors is the most affordable option for you.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
For senior drivers who want affordable car insurance rates, it's important to seek discounts for completing driver safety courses, driving infrequently and choosing a safe vehicle.
Additionally, comparing car insurance companies and rates can help reduce your costs. In Nevada, for example, you could save around $1,733 yearly by choosing GEICO over CSAA.
Cheapest Car Insurance for Drivers With Tickets in Nevada
In Nevada, insurance companies charge drivers with minor violations like speeding tickets more than drivers with a clean record. Drivers with no violations pay roughly $1,994 per year for full coverage, whereas those with a speeding ticket pay an average of $2,471.
On average, the Nevada car insurance companies that offer the lowest full coverage rates for drivers with a speeding ticket are:
- GEICO: $1,561 per year
- State Farm: $1,865 per year
If you are in the military, USAA's $1,141 average annual rate for a Nevada driver with a ticket is usually the cheapest option.
AVERAGE CAR INSURANCE RATES WITH A TICKET
If you get a ticket for distracted driving, your insurance rates may go up. If you want affordable car rates, don't speed and make sure to focus on the road.
The above table shows the estimated cost of car insurance for drivers in Nevada who recently received a ticket for distracted driving or speeding.
The Insurance Information Institute says that your driving record is taken into account when you secure your auto policy, so being riskier to insure means paying higher premiums. Drive safely to get the best rates.
Cheapest Car Insurance for Drivers With a DUI in Nevada
Nevada drivers with a history of a major violation, such as a DUI, have a higher annual premium because they are considered high-risk. On average, in Nevada, the cost of auto insurance for drivers without a DUI is $1,994 per year, while a driver with a DUI pays around $3,046.
On average, the most affordable full coverage car insurance for Nevada drivers with a DUI is from:
- State Farm: $1,865 per year
- Allstate: $2,537 per year
If you are affiliated with the military, USAA offers competitive pricing at an average annual rate of $2,004 with a DUI.
AVERAGE CAR INSURANCE RATES WITH A DUI
A DUI costs more than court and legal fees. It's likely your auto insurance rate will go up, too. The above chart shows what drivers in Nevada can expect to pay for auto insurance after getting a DUI.
To save on insurance, it’s important to shop around and compare quotes from different providers. For example, the difference between the most and least expensive insurers in Nevada with a DUI is around $2,365 per year.
Cheapest in Nevada for Drivers With an At-Fault Accident
Drivers with an at-fault accident have a higher car insurance rate than those with a clean driving record. MoneyGeek found that people with an at-fault accident in Nevada pay an average of $2,882 per year for a full coverage car insurance policy.
Based on average rates, the cheapest car insurance providers for drivers with an at-fault accident in Nevada are:
- GEICO: $1,908 per year
- State Farm: $1,996 per year
For those who are eligible, USAA offers the cheapest car insurance policy for a driver with an at-fault accident in Nevada at an average cost of $1,357 a year.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Nevada for Drivers With Bad Credit
Nevada drivers with bad credit scores tend to pay more for car insurance than drivers with good scores. The average cost of full coverage car insurance for drivers with bad credit in Nevada is $3,599 per year, while those with good credit pay around $1,994 annually.
On average, the cheapest car insurance companies for drivers with bad credit in Nevada are:
- GEICO: $1,679 per year
- Travelers: $2,319 per year
For those with military affiliations, USAA has a competitive full coverage policy rate for Nevada drivers with bad credit, roughly $1,871 yearly.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Insurance companies use a driver’s credit score to calculate their premium because studies show that credit scores predict the odds of a driver filing a claim. As a result, having bad credit can increase your auto insurance rate.
You can save on car insurance by shopping around and comparing quotes from different providers. Case in point, the difference between the most and least expensive company for Nevada drivers with bad credit is around $3,146. Furthermore, learning how to improve your credit score will also help you reduce your rate over time.
Cheapest Car Insurance in Nevada for Military Drivers
USAA offers the cheapest car insurance in Nevada for current and former military members. Its average annual premium costs $520 for minimum coverage.
- Average rate: $520 per year (minimum coverage)
- Ranks cheapest out of seven insurers
The runner-up, GEICO, is roughly $92 more expensive than USAA per year.
Cheapest Car Insurance in Nevada by City
Car insurance rates in Nevada can change depending on where you live in the state. For example, Reno is the cheapest city for a car insurance policy at an average annual cost of $1,239. Las Vegas has the most expensive car insurance at $2,221 on average per year. These averages are for a full coverage policy.
Click on your city to find out more information about car insurance costs in your area.
AVERAGE INSURANCE RATE BY CITY IN NEVADA
Car Insurance in Nevada: What You Need to Know
Insuring your car is mandatory in Nevada, but the minimum coverage requirements are much lower than other states.
Nevada Insurance Requirements
According to state law, Nevada drivers must carry proof of insurance in their vehicles at all times.
Nevada requires drivers to have at least 25/50/20 in liability coverage, which provides $25,000 in bodily injury per person, $50,000 in bodily injury per accident and $20,000 in property damage coverage.
Getting a minimum coverage policy is the cheapest option for drivers on a budget. However, Nevada’s minimum car insurance requirements are lower than most states, and accidents often cost far more than what the minimum coverage policy covers. Insurance and consumer groups generally recommend getting liability insurance of at least $100,000 in bodily injury per person and $300,000 per accident.
For high-risk drivers, Nevada implemented its Automobile Insurance Plan in 1950, which covers those who cannot find insurance coverage.
There are alternatives to insurance in Nevada, but they’re more difficult to obtain. For example, you must have more than 10 vehicles actively registered in the state to qualify for self-insurance. Nevada also requires a certificate of deposit, surety bond, cash or a letter of credit for 130% of the average annual claims paid by the self-insurer during the immediately preceding three-year period, or an amount determined by the number of vehicles they own.
FAQs About Car Insurance in Nevada
Car insurance FAQs in Nevada address pricing and coverage amount concerns. Some of these include:
About the Author
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- Insurance Information Institute. "Do auto insurance premiums go up after a claim?." Accessed March 14, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed March 14, 2020.
- National Highway Traffic Safety Administration (NHTSA). "Traffic Safety Facts." Accessed March 14, 2020.
- Nevada Department of Motor Vehicles. "Military Licensing." Accessed March 14, 2020.
- Nevada Department of Motor Vehicles. "Nevada Teen Driving." Accessed March 14, 2020.
- U.S. Census Bureau. "Veteran Statistics: Nevada." Accessed March 14, 2020.