Best Cheap Car Insurance Companies for High-Risk Drivers in Nevada


If insurance companies consider you a high-risk driver, you will likely be charged more than the average driver with a clean record. High-risk drivers pay roughly $1,729 per year with StateFarm, the best and cheapest insurance in the state. Furthermore, you can save money by shopping around and evaluating high-risk car insurance quotes to land the cheapest one that suits your circumstances.

Key Takeaways

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In Nevada, the cheapest car insurance provider for high-risk drivers is State Farm, with an average annual premium of $1,689, followed by GEICO, which offers coverage for drivers with bad credit at $1,692 per year.

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For high-risk drivers in Nevada, State Farm is the best car insurance provider, boasting a MoneyGeek score of 97 out of 100 and offering an annual premium of $1,729.

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In Nevada, State Farm offers the cheapest car insurance for both drivers with a DUI, at an average annual premium of $1,689, and teen drivers, with an annual rate of $5,827.

Insurance companies expect to pay more in claims for high-risk drivers. They make up for this by charging such customers higher premiums. Usually, you are considered a high-risk driver if you have a serious violation on your record, like a DUI, or if you’ve been caught driving with a revoked or suspended license. Being a young, inexperienced driver or having poor credit also makes you a risky client. In Nevada, drivers of this category usually pay around 28% more than those deemed non-risky.

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WHAT EXACTLY IS A HIGH-RISK DRIVER?

There are several kinds of risky drivers, according to insurance companies. They typically exhibit age-related or risk-related traits that prove them to be a hazard on the road. Here are some examples of high-risk drivers:

  • Drivers with a history of traffic violations or at-fault accidents
  • Drivers with a DUI conviction
  • Drivers caught driving with a suspended or revoked license
  • Young drivers with a lack of driving experience
  • Drivers who drive sports cars or participate in drag racing
  • Drivers with bad credit or lapses in insurance coverage

Cheapest Car Insurance in Nevada for High-Risk Drivers

The cheapest car insurance provider in Nevada for high-risk drivers is State Farm. It charges an annual premium of $1,729 on average for different driver profiles and violation types.

You can learn more by reading through MoneyGeek’s State Farm review where we conducted a more in-depth analysis of the company.

State Farm$1,729
GEICO$1,915
Allstate$2,137
Travelers$2,206
Farmers$3,297
CSAA$3,997
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SR-22 INSURANCE

In most states, drivers caught driving without insurance or found guilty of a serious traffic offense must obtain SR-22 insurance. Your insurer files an SR-22 form to confirm that you have auto insurance that complies with the state's minimum requirements.

While SR-22 insurance is not required in Nevada, a Nevada driver may be obliged to file one if found guilty of a DUI in a state where it is mandated.

Best Car Insurance in Nevada for High-Risk Drivers

We found that State Farm is the best high-risk auto insurance provider in Nevada, scoring 97 out of 100.

You can read our State Farm review to learn more about its coverage, costs, discounts and other details contributing to its excellent rating.


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State FarmBest for High-Risk Drivers
Score:96

5/5

Affordability Rating

5/5

Satisfaction Rating

4.5/5

Claims Rating

5/5

Financial Stability Rating

Geek Quick Take
Geek Quick Take

State Farm's high-risk auto insurance in Nevada runs about $1,729 a year. Drivers considered high-risk pay around 9% more than drivers with clean records.

More About State Farm

State Farm offers affordable rates and is accessible in all 50 states and Washington, D.C. Additionally, it provides discounts for students and safe drivers. It also offers ride-sharing insurance. However, the insurer does not provide standard coverages like gap insurance, better vehicle replacement or accident forgiveness.

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GEICO
Score:51

0.8/5

Affordability Rating

5/5

Satisfaction Rating

5/5

Claims Rating

5/5

Financial Stability Rating

Geek Quick Take
Geek Quick Take

GEICO charges high-risk drivers in Nevada $1,915 annually for auto insurance, which is 45% more expensive than the rate for motorists with clean records.

More About GEICO

GEICO offers coverage for accident forgiveness, roadside assistance and rental car reimbursement. It also provides discounts for having airbags and an anti-theft system in your car, for driving safely, bundling car insurance with other insurance products and insuring multiple vehicles with GEICO.

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MONEYGEEK EXPERT TIP

Regarding car insurance for high-risk drivers, you don’t always have to sacrifice quality if you are on a tight budget, especially if you research your options. Looking into low-income car insurance in Nevada is a good approach.

Cheapest Car Insurance in Nevada for Drivers With a DUI

Once again, State Farm provides the cheapest auto insurance for drivers with a DUI, averaging $1,689 per year. We analyzed the company further in our State Farm review, looking into coverage, discount offers and more.

In addition, if you have a military background (retired, active, honorably separated, relative, etc.), you may find that USAA is a good option.

State Farm$1,689
Allstate$2,291
GEICO$2,524
Travelers$2,753
Farmers$3,505
CSAA$3,861
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LOOK-BACK PERIODS

The time frame during which a DUI remains on your driving record is known as the look-back period. State-specific look-back periods are different, although they are often lengthy to allow for the criminal sentencing of repeat offenders. Nevada’s look-back period is seven years.

Cheapest Car Insurance in Nevada for Teenage Drivers

State Farm has the cheapest car insurance premium for teen drivers in Nevada. It charges an average annual rate of $5,827. Read MoneyGeek’s State Farm review to learn more.

State Farm$5,827
GEICO$5,828
Allstate$7,822
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MONEYGEEK EXPERT TIP

Buying a minimum coverage policy for teens could be appealing because young drivers' auto insurance is usually more expensive. That said, MoneyGeek still advises purchasing comprehensive coverage as the protection and peace of mind will be worth the price. To find the most affordable auto insurance for teen and student drivers, shop around and compare rates.

Cheapest Car Insurance in Nevada for Drivers With Bad Credit

GEICO provides the most affordable car insurance for Nevada drivers with bad credit. Its average yearly cost is $1,692.

Historically, drivers with poor credit have been more likely to file claims, which is why insurance companies label them as high-risk and raise their premiums. Look into our GEICO review for more information.

GEICO1,69235%
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MONEYGEEK EXPERT TIP

Your auto insurance premium is usually affected by your credit. Poor credit typically means a higher price. Even with bad credit, you can obtain an insurance policy, but you may need to do some research first. Get multiple quotes from various companies. Try looking into our list of best auto insurance for drivers with bad credit to help you in your search.

How Much Does Car Insurance Cost for High-Risk Drivers in Nevada?

Insurance companies determine premiums based on profile and driving record. That’s why high-risk drivers pay more than the average driver.

High-risk drivers in Nevada pay around $2,547, over $700 more than the yearly premium of $1,813 for drivers with clean driving records.

Annual Car Insurance Cost in XX for Low-Risk vs. High-Risk Drivers

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Annual Premium

Low-Risk Driver

$1,813
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Annual Premium

High-Risk Driver

$2,547
In Nevada, high-risk drivers pay:$734 more

This is 40% more expensive.

The price of a policy can be estimated using MoneyGeek's Nevada car insurance calculator. You simply have to input your information like age, coverage level, vehicle type, driving history, etc. Our tool can also help in determining which factors have the most significant impact on your premiums.

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Rates updated:

Dec 06, 2024

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Can You Still Get Car Insurance in Nevada if Insurers Refuse to Insure You?

Car insurance companies might choose not to insure you since the insurance market is voluntary. You can still get coverage, even if Nevada insurers find you too risky to cover. Your best bet in this situation is to look for a residual market policy through the Automobile Insurance Plan Service Office (AIPSO). This nationwide non-profit group has assisted high-risk drivers in finding insurance for almost 50 years by partnering with the auto insurance residual market.

Nevada Automobile Insurance Plan

You can find a residual market strategy based on your location by using the state-by-state database that AIPSO maintains. In Nevada, it is the Nevada Automobile Insurance Plan.

It was developed to give eligible high-risk drivers coverage, especially those repeatedly rejected by insurers in the voluntary market. Companies writing auto insurance in Nevada split eligible Nevada Automobile Insurance Plan risks.

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    Office Hours

    Monday–Friday, 8 a.m.–4:30 p.m. PST

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    Email

    waaip@aipso.com

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    Phone

    (800) 227-4659

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    Fax

    (415) 421-4013

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    Mailing Address

    Western Association of Automobile Insurance Plans, P.O. Box 6530, Providence, RI 02940-6530

Frequently Asked Questions

To help high-risk drivers in the state get the best deals, MoneyGeek answered some frequently asked questions about high-risk car insurance in Nevada.

Which car insurance company is best for high-risk drivers in Nevada?

How much does car insurance in Nevada cost for high-risk drivers?

Who do insurers classify as a high-risk driver?

Where do I get car insurance coverage in Nevada if insurers reject my application?

Methodology

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.


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