Nevada auto insurance rates vary on average depending on whether you are comparing minimum or full coverage. The average cost of auto insurance in Nevada per year is $ 860 for minimum coverage and $ 2,246 for full coverage. However, you may be able to see rates lower than this if you know how and where to find more competitive rates, or if you can take advantage of discounts that lower your premium.
How Much Does Auto Insurance Cost in Nevada?
Nevada auto insurance rates average between $ 860 and $ 2,246 per year, depending on the level of coverage chosen. Nevada averages a little higher than the national average of $ 1,674 and $ 565 for full and minimum coverage, respectively. How Much Does Nevada Auto Insurance Cost Per Month? Based on the average premiums offered by Quadrant Information Services, the minimum coverage is approximately $ 71.66 per month. For full coverage, the average works out to $ 187.16 per month. However, many providers encourage you to pay your six or 12 month premium in full, which can lower your total costs overall.
However, many factors such as your location, age, vehicle value, driving record, and auto insurance company can affect your premiums. Your rates may be higher or lower than the state average depending on these and other variables.
Nevada auto insurance rates by company
One of the most important ways to save money on auto insurance is to compare quotes to find the cheapest carrier. There are many auto insurance companies in Nevada. Here are the average annual rates of the major auto insurance companies (by market share) operating in the state, to help you see how rates can vary from provider to provider.
|Auto insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|AAA||$ 958||$ 3,426|
|Allstate||$ 1,010||$ 2,457|
|American family||$ 1,009||$ 2,146|
|Financial Country||$ 719||$ 2,252|
|Farmers||$ 1,415||$ 3,369|
|Geico||$ 400||$ 1,116|
|Hallmark Financial||$ 728||$ 2,053|
|Kemper||$ 1,042||$ 2,844|
|Key||$ 2,255||$ 4,505|
|Kingsway||$ 2,363||$ 3,069|
|Mercury||$ 828||$ 2,131|
Nevada auto insurance rates by city
Rates tend to vary depending on your location, even down to your specific zip code. Large metropolitan areas tend to have higher rates than smaller metropolitan areas. If you are planning to move to Las Vegas, chances are that auto insurance in the city will be much higher than if you move to Boulder City, for example. Bankrate’s findings show that the Winchester area, near Las Vegas, has the highest insurance rates in the state. However, your premiums will likely vary from the averages shown below.
|City||Average annual premium for full coverage||% difference from the average annual state premium|
|Las Vegas||$ 2,929||30%|
|North Las Vegas||$ 2,971||32%|
|Sunrise mansion||$ 3,090||38%|
|Spring Valley||$ 2,977||33%|
|Town of Carson||$ 1,736||-23%|
|Fall on||$ 1,635||-27%|
|Summerlin South||$ 2,846||27%|
|Valley of the Sun||$ 1,917||-15%|
Nevada Auto Insurance Rates by Age
Besides location and carriers, age can also dramatically affect your premiums. Younger drivers typically pay more for coverage than older, more experienced drivers, depending on perceived risk. Fortunately, premiums generally drop each year, when drivers maintain a clean, loss-free driving record.
* The 16 years old are calculated on the parents’ policy
Nevada auto insurance rates by driving record
There are several ways that a safe driver can generally save money on their premium. Auto insurance quotes and deductibles can add up. The table below shows insurance premiums after an accident or traffic violation, showing how much your car insurance can increase. A single speeding ticket can potentially increase your rate by 23% on average.
|Driving incident||Average annual premium for full coverage in Nevada||% increase in average annual premium|
How To Save On Auto Insurance In Nevada
You may not be able to do much about your premiums depending on your age or where you live. However, there are other ways to keep rates low in Nevada:
- Combine home or home insurance with vehicle coverage: Buying your insurance policies from the same insurance company can usually save you money on both policies.
- Focus on a clean driving record: Nevada allows you to complete traffic school to remove a moving offense once a year. Taking advantage of it could help keep your file clean and potentially save you higher premiums.
- Take a cab: If you’re planning on going out on the Las Vegas Strip at night, the cost of a cab is much cheaper than a DUI, especially when it comes to your insurance rates. Opting for a taxi or Uber instead of driving is an effective way to prevent an expensive DUI from affecting your car insurance premium.
- Compare the prices: To find the lowest auto insurance rates in Nevada, get quotes from at least three or four companies to find the cheapest carrier. Regularly comparing providers can also help – you may find it helpful to switch providers for cheaper auto insurance as your situation changes over time.
Frequently Asked Questions
How Much Does Auto Insurance Cost in Nevada?
The average cost of auto insurance in Nevada is $ 860 per year for minimum coverage auto insurance and $ 2,246 for full coverage. However, your premium can be more or less based on variables that are unique to you.
What is the cheapest auto insurance in Nevada?
The 2021 listed premiums indicate that Geico has Nevada’s cheapest auto insurance for minimum and comprehensive auto insurance, among the largest providers in terms of market share. Geico’s annual rates averaged $ 400 for minimum coverage and $ 1,116 for full coverage. However, you can find a cheaper rate from other providers, depending on your situation and driving history.
What is the difference between full and minimum auto insurance?
The clearest difference between minimum and full coverage is the price – full auto insurance is significantly more expensive because you get a much higher degree of financial protection.
Minimum coverage insurance typically only includes the minimum levels of liability insurance required by the state, which pays for damage and injury caused to others in an accident. Full coverage insurance includes liability protection in addition to collision and comprehensive coverage, extending financial coverage to you and your property in the event of a loss. If you are leasing a vehicle or considering financing a car, the lender will usually require that you have full auto insurance.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied.
Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.