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
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Cheapest Car Insurance Companies and Quotes in Nevada
MoneyGeek ranked the cheapest insurance companies in Nevada based on comprehensive and collision coverage for the average driver. Many individual factors can influence car insurance prices. To find out how much you can expect to pay, compare car insurance quotes and annual premiums from multiple providers.
Average Comprehensive and Collision Rates in Nevada
These prices are approximations for the average driver in Nevada. Each provider weighs risk differently. Some see DUIs or tickets as a higher risk than others, leading to higher premiums. Some offer better discounts for good driving habits and vehicles with safety features. Shop around to find what is best for you.
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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Cheapest Liability Car Insurance in Nevada
All drivers in Nevada need a car insurance plan that meets the minimum coverage requirements of $15,000 for injuries to one person, $30,000 for injuries per accident and $10,000 for property damage expenses per accident. In Nevada, GEICO has the most affordable average annual premiums of $583 for state minimum coverage and $692 for a 50/100/50 liability-only plan.
Average Cost for Liability Coverage
The Best Car Insurance Companies in Nevada for 2021
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.
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While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
Market Share by Company
Based on 2018 data from the National Association of Insurance Commissioners, the top-rated auto insurance companies in Nevada are State Farm, GEICO, Progressive, Allstate, Farmers, USAA, CSAA, Liberty Mutual, American Family and Key Insurance Co. USAA is a company that offers insurance to members of the military and veterans and their families.
State Farm has the largest customer base with 17.54% of the state’s policies, followed by GEICO at 15.20%, Progressive at 11.19% and Allstate at 9.36%.
Check out the top insurers in Nevada in the table below.
- CompanyMarket Share
- 1. State Farm17.5%
- 2. GEICO15.2%
- 3. Progressive11.2%
- 4. Allstate9.4%
- 5. Farmers7.8%
- 6. USAA6.2%
- 7. CSAA5.0%
- 4.9%
- 2.7%
- 10. Travelers2.2%
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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
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 following chart shows what drivers in Nevada can expect to pay for auto insurance getting a DUI.
Average Car Insurance Rates With a DUI
The real cost of a DUI can wreak havoc on your finances. Always remember to not drink and drive.
Cheapest Car Insurance With Tickets in Nevada
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 following table shows the estimated cost of car insurance for drivers in Nevada who recently received a ticket for distracted driving or speeding.
Average Car Insurance Rates With a Ticket
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
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 following estimates show what Nevada drivers with low credit scores might pay for car insurance.
Average Car Insurance Rates for Drivers With Bad Credit
To lower your rates, learn how to raise your credit score and take action to improve it.
Cheapest Car Insurance Companies in Nevada 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 following chart shows what seniors in Nevada might pay for car insurance.
Average Car Insurance Rates for Seniors
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
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 following table illustrates an estimation of what parents in Nevada can expect to pay for their teen or college-aged student drivers.
Average Car Insurance Rates for Students
- CompanyAnnuallyMonthly
- 1. Allstate$3,413$284
- 2. GEICO$3,951$329
- 3. State Farm$4,253$354
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
50 years$1,242
50 years$1,265
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.
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sources
- Centers for Disease Control and Prevention. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed December 28, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 14, 2020.
- Governing: The Future of States and Localities. "Military Active-Duty Personnel, Civilians by State." Accessed January 28, 2021.
- 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.