Best Cheap Car Insurance Companies for High-Risk Drivers in Nevada
By, Content Director
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.
Best Companies for High-Risk Drivers in 2023
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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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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.
Monday–Friday, 8 a.m.–4:30 p.m. PST
Western Association of Automobile Insurance Plans, P.O. Box 6530, Providence, RI 02940-6530
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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.
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
- Responsibility.org. "State Law: DUI Look-Back Periods." Accessed September 16, 2022.