CheapestCar InsuranceNevadaThe Cheapest Car Insurance in Nevada (November 2023)
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Ensure you're getting the best rate. Review quotes from a top insurance company.
Country Financial offers the cheapest car insurance in Nevada for most driver profiles.
If you want the best combination of affordability and quality service, MoneyGeek found the best car insurance companies in the state.
CheapestCar InsuranceNevadaTable of Contents
Cheapest Minimum Car Insurance - Country Financial
Cheapest for Full Coverage - Country Financial
Cheapest for Military Drivers - Country Financial
Cheapest Minimum Liability Car Insurance in Nevada (November 2023)
On average, MoneyGeek found that the cheapest car insurance company in Nevada for a minimum coverage policy are:
- Country Financial: $532 per year
- Capital Insurance Group: $544 per year
Dairyland offers the least affordable auto insurer in the state for minimum coverage. Its annual premium costs around $2,031.
Car insurance that meets the minimum insurance requirements in the state means it only covers bodily injury liability and property damage liability.
A minimum coverage policy only covers the cost of damages or injuries you cause others. If you want more protection, try comprehensive and collision insurance, also known as full coverage. This insurance extends to damages to your vehicle.
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Cheapest Full Coverage Car Insurance in Nevada (November 2023)
On average, the most affordable full coverage auto insurance in Nevada is provided by:
- Country Financial: $951 per year
- Capital Insurance Group: $1,057 per year
Dairyland offers the most expensive full coverage insurance in the state at around $4,200 annually.
If you include comprehensive and collision coverage, it increases your yearly premium. For example, State Farm's full coverage option is around $574 more expensive than its minimum coverage option.
Full coverage auto insurance provides more financial protection when you need to file a claim. It protects you from damages caused by on-road accidents and off-road accidents.
Determining how much car insurance you need impacts your rates. MoneyGeek’s sample full coverage policy features liability protection with these limits:
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
You can save by lowering your limits, dropping collision and comprehensive insurance or raising your deductible. However, this could leave you with insufficient coverage if you are in an accident.
How to Compare Cheap Nevada Car Insurance Quotes Online
Different car insurance providers generate quotes online, but this requires you to give personal information. It may also take up to 15 minutes to complete this process.
Comparing rates will also require you to submit your information to different insurance websites, which also means additional time.
On the other hand, MoneyGeek provides a car insurance calculator to help you see quick estimates without giving your information to different insurers. This can serve as a starting point to help you find the cheapest insurance for your profile.
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Cheapest Car Insurance in Nevada by Age (November 2023)
Age is one of the biggest factors affecting car insurance rates in Nevada. MoneyGeek found that Nationwide offers the cheapest options, depending on what age group you and your family belong to.
CHEAPEST CAR INSURANCE COMPANIES BY AGE
Cheapest for teens: Nationwide
Cheapest for young adults: Country Financial
Cheapest for seniors: Capital Insurance Group
Cheapest Car Insurance in Nevada for Teens and Their Families (November 2023)
On average, these insurers offer the most affordable auto insurance for teens on a parent’s policy in Nevada:
- Nationwide: $2,572 per year for male teens and $2,388 per year for female teens
- Allstate: $3,771 per year for male teens; State Farm: $3.061 for female teens
Kemper charges the most for most teens, averaging $6,238 per year for male teens and $5,958 per year for female teens.
These rates are for 16-year-old teens on their parent’s policy. It is usually cheaper to add a teen to your policy than to buy separate coverage for them.
Car insurance rates for teens significantly decrease as they get older, with 19-year-olds getting the lowest rate overall. Nevada's cheapest car insurance provider for 19-year-old males is Nationwide ($2,276).
A 16-year-old male Nevada resident might pay $9,872 per year for individual insurance vs. $4,722 if he’s added to his parent’s policy. This is a difference of $5,150.
MONEYGEEK EXPERT TIP
On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.
Families can save on car insurance by getting discounts for young drivers. Allstate, Farmers, Progressive, State Farm and Travelers all offer distant student and good student discounts. GEICO, Kemper and Nationwide offer good student discounts.
Cheapest Car Insurance in Nevada for Young Adults (November 2023)
On average, the cheapest car insurance companies for Nevada drivers in their 20s are:
- Country Financial: $1,318 per year
- Nationwide: $1,412 per year
Dairyland offers the most expensive car insurance for young adults averaging $4,833 per year.
Young adults pay around $367 more for insurance from the cheapest provider than middle-aged drivers.
Cheapest Car Insurance in Nevada for Seniors (November 2023)
On average, senior drivers can get the most affordable car insurance from these insurers:
- Capital Insurance Group: $885 per year
- Country Financial: $901 per year
Dairyland offers the least affordable auto insurance rates for seniors, averaging $3,817 per year.
With the cheapest insurer for seniors, Nevada residents in their 60s pay less than middle-aged drivers by around $66 per year. However, as you age and reach your 70s and 80s, insurance rates will increase.
Seniors who want to save money on car insurance might be able to get discounts. Allstate, American Family, Farmers, GEICO, Kemper and Mercury all offer senior driver discounts.
Cheapest Car Insurance for Higher Risk Drivers (November 2023)
Auto insurance providers frequently charge drivers with traffic violations on their records. Country Financial charges the lowest rates for drivers with tickets or at-fault accidents on their record in Nevada. State Farm offers the best price for those with DUI records.
For people with poor credit and drivers of sports cars, Capital Insurance Group is cheapest.
CHEAPEST FOR HIGHER RISK DRIVERS
Cheapest after a ticket: Country Financial ($1,201 per year)
Cheapest after an accident: Country Financial ($1,359 per year)
Cheapest after a DUI: State Farm ($1,428 per year)
Cheapest for poor credit: Capital Insurance Group ($1,416 per year)
Cheapest for sports cars: Capital Insurance Group ($1,108 per year)
Cheapest Car Insurance in Nevada After a Ticket
On average, these auto insurance companies offer the most affordable full coverage policies in Nevada for drivers with tickets:
- Country Financial: $1,201 per year
- Nationwide: $1,244 per year
The most expensive insurer is Dairyland, averaging $5,705 per year.
Getting a ticket in Nevada means you could pay $532 more per year than drivers without tickets.
Cheapest Car Insurance in Nevada After an Accident
On average, these are the cheapest full coverage insurance providers in Nevada for drivers with an at-fault accident:
- Country Financial: $1,359 per year
- Capital Insurance Group: $1,532 per year
Dairyland is the least affordable for drivers with at-fault accidents, costing a yearly average of $7,049.
Our average rate calculations show that having an at-fault accident increases your annual premium by up to $1,087.
Cheapest Car Insurance in Nevada After a DUI
For Nevada drivers who have DUI on their records, here are the cheapest options for full coverage car insurance, on average:
- State Farm: $1,428 per year
- Country Financial: $1,667 per year
The least affordable insurer for drivers with DUI on record is Dairyland, costing a yearly average of $6,182.
A DUI may increase your annual premium by up to $1,035 in the state.
Cheapest Car Insurance in Nevada for Drivers With Poor Credit (November 2023)
The least expensive auto insurance providers in Nevada for drivers with poor credit are, on average:
- Capital Insurance Group: $1,416 per year
- Nationwide: $1,433 per year
If you have a poor credit score, Dairyland charges more than any other insurance company at around $5,209 per year.
Your credit score plays an important role when computing your rates. If it’s below 580, you might pay $778 more for auto insurance in the state compared with someone with a credit score of 750 or higher.
Car insurance providers determined that drivers with poor credit scores are highly likely to file claims, so they charge these drivers higher premiums. Not all states can determine premiums based on credit scores, but Nevada can.
When you improve your credit score, it helps lower your insurance rates. You may also comparison shop or find insurers who offer common discounts to save money.
Cheapest Car Insurance in Nevada for Sports Cars (November 2023)
On average, Nevada drivers with sports cars may fare best with these insurers who offer the least expensive car insurance:
- Capital Insurance Group: $1,108 per year
- Travelers: $1,220 per year
The most expensive insurer for a sports car is Dairyland, with an annual average premium of $4,127.
Sports cars usually have higher costs for repairs and replacements than standard vehicles. However, in Nevada, you’ll pay around $4 less per year to insure a sports car vs. a Toyota Camry LE.
MoneyGeek used a Ford Mustang for the quotes previously stated. Car insurance rates change depending on the car model. Luxury, electric, hybrid and sports cars are usually more expensive to insure than other model types. However, this might not be true in your state.
Cheapest Car Insurance in Nevada for Military Drivers (November 2023)
For current military members and veterans, the most affordable insurer is Country Financial, costing an annual average of $951.
USAA is the second-cheapest insurer with an annual premium of $1,137.
Country Financial
- $951 per year
Country Financial offers roadside assistance, rental car and/or travel reimbursement and rideshare insurance to military members and their families.
Cheapest Car Insurance in Nevada by City
Car insurance rates change based on different factors, including the city you live in. If you live in an area with higher rates of theft, vandalism or accidents, you’re more likely to file insurance claims. Consequently, you’ll pay higher premiums.
MoneyGeek found that Reno has the most affordable auto insurance in Nevada, provided by Capital Insurance Group at a yearly average of $876.
Sunrise Manor has the most expensive car insurance rates. The average yearly premium is $1,571 and is offered by Capital Insurance Group.
We listed cities in Nevada to help you compare car insurance rates by location.
Car Insurance in Nevada: What You Need to Know
Most states require drivers to buy car insurance that includes bodily injury and property damage coverage. Nevada is no exception.
Nevada Car Insurance Requirements
Nevada state laws require drivers to have proof of insurance in their vehicles at all times. It must meet the state minimum requirements for bodily liability insurance and property damage coverage.
A minimum coverage policy lets you save money, but it might not offer enough financial protection if you encounter an incident.
MoneyGeek recommends getting as much liability coverage as you can. Also, if you have a DUI in Nevada, you’ll be required to file an SR-22 certificate.
Bodily Injury Liability
You’ll need $25,000 coverage in bodily injury liability per person and $50,000 per accident in case someone gets injured in an accident. This will help cover the associated medical expenses. However, if there are major injuries that exceed the limits, you might use your health insurance or pay from your pocket.
Property Damage Liability
Nevada drivers need $20,000 coverage in property damage liability for every accident. If your insurance doesn’t cover the cost of damages for your car or someone else’s, you might pay more out of pocket.
For extra protection, MoneyGeek suggests buying liability insurance of at least $100K per person and $300K per accident and increasing your property damage coverage to $100K. Including comprehensive and collision insurance might be required if you financed your car.
Comprehensive insurance covers repairs and car replacement during off-road incidents like theft, vandalism, animal damage and weather-related events. Collision insurance covers repairs or replacement if your car is damaged by another vehicle or an object like a post or tree.
We also recommend getting comprehensive and collision coverage if you have a valuable car.
Car Insurance Alternatives in Nevada
Aside from buying a minimum car insurance policy in Nevada, you can also try getting coverage from Nevada Auto Insurance Plan. It’s a good alternative if you do not meet the requirements for the voluntary market.
Non-owner car insurance in Nevada is another option to consider if you don’t own a car but need coverage when you drive rented or borrowed cars.
FAQs About Car Insurance in Nevada
If you are looking for car insurance, you might have questions about cost and quality. MoneyGeek answers the most commonly asked questions about car insurance in Nevada.
About Mark Fitzpatrick
sources
- Nevada Department of Motor Vehicles. "Insurance (nv.gov)." Accessed December 13, 2022.
- Nevada Department of Motor Vehicles. "Nevada Department of Motor Vehicles Official Website (nv.gov)." Accessed December 13, 2022.
- Nevada Division of Insurance. "CONSUMERS GUIDE TO AUTO INSURANCE (nv.gov)." Accessed December 12, 2022.
- Nevada Division of Insurance. "Higher minimum vehicle liability requirements." Accessed December 12, 2022.
- Nevada Division of Insurance. "Understanding Auto Insurance." Accessed December 12, 2022.