Personalized factors like age, location and driving history can greatly influence car insurance premiums. Getting personalized quotes can help you find the best car insurance in Nevada. MoneyGeek ranked the top car insurance providers in Nevada based on affordability, customer service standards and more. These rankings can help you find the best coverage options and save money. Comparing car insurance quotes from some of the most popular companies in Nevada could help you save up to $2,004.
The Best Cheap Car Insurance in Nevada for 2021
The Cheapest and Best Car Insurance in Nevada
Cheapest Minimum Liability Car Insurance Companies and Quotes in Nevada
Minimum liability coverage is the cheapest car insurance option in Nevada. This type of policy only meets the state’s basic car insurance requirements and provides limited protection to drivers.
The cheapest companies in Nevada for minimum liability car insurance are:
- USAA: $496 per year (USAA policies only apply to former and current members of the military)
- GEICO: $583 per year
The highest rate for minimum liability insurance in Nevada is from Farmers, which charges $1,451 per year.
Average Cost for Minimun Liability Coverage
These prices represent what an average 40-year old driver pays for minimum liability coverage in Nevada and should only be used as a guide for people shopping for car insurance in the state.
These prices are only estimates based on rates for an average Nevada driver and should not be used to compare insurance prices.
Nevada’s minimum coverage car insurance policy applies to personal injury and property damage liability costs. To insure your car or get higher limits, you may want to purchase full coverage.
Cheapest Full Coverage Car Insurance in Nevada
Full coverage car insurance features comprehensive and collision protection for road accidents and off-road incidents in Nevada. This policy costs more but provides higher limits and more protection for the policy owner's car. Comparing car insurance quotes can help you find the lowest rates in Nevada.
MoneyGeek found that the companies that provide the lowest full coverage rates in Nevada are:
- USAA: $939 per year (USAA insurance is available to current and former military members)
- GEICO: $1,083 per year
The insurance carrier with the highest rates for full coverage is CSAA, costing an average of $2,943 per year.
Average Comprehensive and Collision Rates 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.
The Best Car Insurance Companies in Nevada for 2021
The best car insurance companies in Nevada according to a study done by MoneyGeek for most drivers are:
- Best Overall: State farm
- Runner-up: GEICO
USAA received the highest score in Nevada 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 help you find the best car insurance in Nevada, MoneyGeek ranked the top providers based on affordability, claims experience, customer service standards and financial strength.
To rank each criterion, MoneyGeek used information from industry-standard studies to evaluate insurance companies: AM Best’s financial strength ratings and J.D. Power’s U.S. Auto Insurance Study. Along with unique pricing data, Moneygeek weighed each study equally to arrive at a final score out of 100.
USAA is a trusted provider of comprehensively cheap car insurance throughout the country and Nevada. However, USAA is only available to eligible drivers who are current or former military members.
USAA is one of the top car insurance companies. It rewards loyal drivers in Nevada by offering lower rates to policyholders whose parents have USAA as well. The company also reduces premiums for active military members who park their cars on the military base.Read MoneyGeek's USAA auto Insurance Review
State Farm provides one of the highest customer experience levels and is a good option for those who don’t qualify for USAA. There are also ways to save on your premiums with State Farm.
If you are a young Nevada driver, you can benefit from State Farm’s premiums that are often subsidized for students up to 25 years old. The company features a wide agent network that facilitates easier quote processing. Drivers who use the Drive Safe & Save app from the insurer can save money on their premiums.Read MoneyGeek's State Farm auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Nevada
The three largest insurers in Nevada based on market share are State Farm, GEICO and Progressive. Market share data is calculated by dividing the number of insurance premiums written by an insurance company by the number of total premiums written in the state. Companies with large market share scores tend to be more financially stable than those with lower scores. However, these companies may not be the best for all drivers.
- CompanyMarket Share
How to Compare Cheap Nevada Car Insurance Quotes Online
Many insurance companies in Nevada let you get a fairly accurate car insurance quote on their website. Make sure you know what coverage levels you need before shopping.
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.
You can enter your ZIP code below to compare quotes within Nevada or use the MoneyGeek scores to identify the cheapest car insurance providers in the state.
Based on MoneyGeek’s scores, USAA, GEICO and Travelers offer the lowest car insurance rates in Nevada. Consider getting quotes from these companies first.
What Is the Average Cost of Car Insurance in Nevada?
Several individual factors influence car insurance premiums. MoneyGeek calculated the average rates for 100/300/100 comprehensive and collision coverage for a typical 40-year-old male with a Toyota Camry with a clean driving record. Depending on the coverage level you choose and other factors like your age or location, your premiums can be higher or lower than these Nevada averages.
- Average Driver: $1,900
- DUI: $2,903
- Speeding Ticket: $2,355
- Poor Credit Score: $3,167
- Seniors: $1,997
- Students: $3,833
Cheapest Car Insurance for Drivers With a DUI in Nevada
Nevada drivers with a history of major violations, such as a DUI, pay more for insurance because they are considered high-risk. On average, the cost of auto insurance for drivers with no DUI is $1,900 per year, while a driver with a DUI pays $2,903.
The cheapest full coverage car insurance for Nevada drivers with a DUI is from:
- State Farm: $1,777 per year
- USAA: 1,910 per year (for military members)
USAA and GEICO offer the cheapest full coverage car insurance for drivers with a clean record.
Average Car Insurance Rates With a DUI
The Centers for Disease Control and Prevention completed a study that found that 1.6% of Nevada drivers admitted to driving after drinking too much in the previous 30 days. From 2009-2018, 842 people in Nevada were killed in car accidents involving alcohol.
A DUI costs more than just court and legal fees. It's likely your insurance rates will go up. The above chart shows what drivers in Nevada can expect to pay for auto insurance getting a DUI.
The real cost of a DUI can wreak havoc on your finances. Always remember to not drink and drive.
Cheapest Car Insurance for Drivers With Tickets in Nevada
Insurance companies in Nevada charge drivers with minor violations like speeding tickets more than drivers with a clean record. Drivers with no violations pay roughly $1,900 per year. Those with speeding tickets pay an average of $2,355.
The Nevada car insurance companies that charge the lowest full coverage rates for drivers with speeding tickets are:
- USAA: $1,087 per year (exclusive to military members)
- GEICO: $1,487 per year
USAA and GEICO have the lowest rates for drivers in Nevada with a clean history and those with tickets.
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 Companies 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 cost of car insurance for drivers with bad credit scores in Nevada is $3,167 per year, while the average driver with a good credit score pays only $1,900 annually.
The cheapest car insurance companies for Nevada drivers with bad credit scores are:
- GEICO: $1,601 per year
- USAA: $1,783 per year (for active and retired military members only)
USAA and GEICO are also the most affordable options for Nevada drivers with good credit.
Average Car Insurance Rates for Drivers With Bad Credit
According to data compiled by Experian, the average FICO score in Nevada is 686. Insurance companies use credit scores to calculate premiums because studies show that credit scores predict the odds a driver will file a claim.
The above estimates show what Nevada drivers with low credit scores might pay for car insurance.
To lower your rates, learn how to raise your credit score and take action to improve it.
Cheapest Car Insurance in Nevada for Seniors
Car insurance companies in Nevada charge higher rates for senior drivers than middle-aged and young adult drivers. On average, senior drivers in the state pay $1,997 per year for full coverage, which is roughly $97 higher than what an average 40-year-old driver pays.
The cheapest car insurance carriers in Nevada for senior drivers are:
- USAA: $1,103 per year (for military members only)
- GEICO: $1,309 per year
USAA and GEICO are top insurers for seniors as well as an average 40-year-old driver.
Average Car Insurance Rates for Seniors
In 2017, 14.7% of fatal Nevada car accidents were caused by drivers over the age of 65.
For senior drivers who want affordable car insurance rates, it's important for them to ask for discounts for completing driver safety courses, discounts for driving infrequently and discounts for choosing a safe vehicle.
The above chart shows what seniors in Nevada might pay for car insurance.
Nevada requires drivers 65 and older to renew their licenses in person. It's also possible for people to request that the DMV conduct unsafe driver investigations if someone feels a senior driver is a risk on the road.
Cheapest Car Insurance for Students in Nevada
Car insurance companies view young student drivers in Nevada as inexperienced and riskier to insure. As a result, student drivers pay higher premiums. Young student drivers in Nevada pay an average of $3,833 per year for insurance, roughly double what a 40-year old driver pays.
Overall, the most affordable insurers in Nevada for student drivers with full coverage are:
- Allstate: $3,414 per year
- GEICO: $3,951 per year
Although USAA is the cheapest for adult drivers in Nevada, Allstate offers lower rates for young student drivers. GEICO is the second most affordable option for both demographics.
Average Car Insurance Rates for Students
In Nevada, teens younger than 18 must complete a driver education course (in person or online) and 50 hours of behind-the-wheel training to get a license. If there isn't a driver education course within 30 miles of your home, you can either take an online class or choose to complete 100 hours of behind-the-wheel training instead of a class.
In addition, anyone under age 18 who applies for a license in Nevada must show proof that they qualify as one of the following:
- Are enrolled in high school
- Are excused from attending school because of homeschooling or a disability
- Have completed high school or the equivalent
Young drivers may not transport any passenger under the age of 18, except for immediate family members, for the first six months after the license was issued. In addition, drivers younger than 18 may not drive between the hours of 10:00 p.m. and 5:00 a.m. unless they are traveling to or from a scheduled event such as school events or work, according to the Nevada DMV.
The above table illustrates an estimation of what parents in Nevada can expect to pay for their teen or college-aged student drivers.
Insurance Rate Information for Military Drivers and Veterans
According to the U.S. Census Bureau, Nevada has approximately 220,000 veterans and more than 10,000 active-duty military personnel. If you are in the military or a veteran, you may be eligible for discounts or special programs. Some companies, like GEICO, offer discounts of up to 15% for active-duty or retired military members and National Guard troops.
Nevada residents who are stationed in Nevada are subject to the same licensing and vehicle registration requirements as non-military, according to the Nevada DMV. Out-of-state residents on active duty in the U.S. Armed Forces are not required to register their vehicles in Nevada. Spouses are also exempt if the spouse lives in Nevada solely to be with the service member.
The following table provides estimates of what military members and veterans can expect to pay for auto insurance in Nevada.
Average Rates for Nevada service members
Car Insurance in Nevada: What You Need to Know
You must obtain insurance from a Nevada-licensed insurance carrier and maintain the coverage for as long as you have the car registered. Coverage is verified electronically with your insurance company. The name and vehicle information on your vehicle registration and your insurance policy must match.
Motorists who do not maintain Nevada liability insurance are subject to a registration suspension, reinstatement fees and fines. You must keep your proof of insurance in your vehicle at all times. Mopeds and trailers are exempt from insurance requirements.
In addition, smog checks are required on most gasoline and diesel-powered cars and trucks around Las Vegas and Reno.
Proof of Insurance in Nevada
By law, you must carry proof of insurance in your vehicle at all times and present it to any law enforcement officer, if requested.
The DMV uses a system called "Nevada LIVE" to instantly validate liability insurance coverage electronically when you register your vehicle and periodically throughout the year.
If your vehicle comes up in a periodic Nevada LIVE search, the DMV will mail you a postcard requesting that you verify your insurance information. If you fail to respond within 15 days, the state will suspend your registration.
Minimum Liability Insurance Requirements in Nevada
Nevada requires that every motorist carries at least the state minimum levels of liability insurance coverage:
- $25,000 for bodily injury or death of one person
- $50,000 for bodily injury or death per accident
- $20,000 for property damage per accident
Nevada has no grace period. A one-day lapse in your insurance coverage will result in a possible suspension of your registration. The minimum penalty is a $251 reinstatement fee. If you have more than ten vehicles, you may be able to self-insure with the Nevada Department of Public Safety.
High-Risk Auto Insurance Program in Nevada
Nevada implemented its Automobile Insurance Plan in 1950 and it covers those who cannot find insurance coverage on their own.
Alternatives to Insurance in Nevada
Those who have more than ten vehicles actively registered in Nevada may qualify for self-insurance. Applicants must deposit 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.
How Much Coverage Do You Need in Nevada?
Nevada's liability minimums are lower than most states and accidents can and often do cost far more than what the minimum policy will cover. That's why insurance and consumer groups generally recommend you carry much more than that — a minimum of $100,000 of injury protection per person and $300,000 per accident, according to the Insurance Information Institute.
Remember, liability insurance only covers the other party's expenses if you are at fault in an accident. It doesn't cover you, your passengers or your vehicle. You can purchase separate comprehensive and collision insurance for that.
All insurers in Nevada are required by law to offer medical payments coverage and uninsured/underinsured motorist coverage. The latter will pay for an accident if the other driver is at fault and doesn't have insurance. If you still owe money on your car, you will likely have to carry collision and comprehensive insurance as part of the loan agreement.
Average Insurance Rate by City in Nevada
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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- Experian. "2019 Consumer Credit Review." Accessed March 14, 2020.
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- Insurance Information Institute. "Auto Rate Setting." Accessed March 14, 2020.
- 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.
- NOLO. "Nevada Driving Laws for Seniors and Older Drivers." Accessed March 14, 2020.
- U.S. Census Bureau. "Veteran Statistics: Nevada." Accessed March 14, 2020.