Insurance

Best Ways To Get Affordable Car Insurance In Nevada

Nevada is one of the World’s leading producers of Gold. The Silver state as it is popularly called because of the large deposits of silver discovered and mined there is also home to its largest city, Las Vegas. The state is a beautiful place and also has warm weather all year round.

The state of Nevada pays some of the highest premiums on auto insurance in the United States. That is expected because most parts of the state are urban.

The average cost of auto insurance in Nevada is 27% higher than the national average. With the national average annual of $1,321, the state’s average annual is $1,674 for auto insurance.

The rate you pay for auto insurance is determined by a number of factors. These factors include your age, location, marital status, driving history, the type of your vehicle, and credit score. Since the rates are determined by a number of personal factors, the rates vary among different individuals. 

Each auto insurance company has its own rating system; some charge higher and some lower. Getting the cheapest auto insurance policy for your desired coverage type would require you to shop around and get quotes from multiple insurers and then compare them to find the policies that suit your needs best.

Some Ways To Lower Your Auto Insurance Costs In Nevada

Shop Around

Auto insurance companies offer different rates and limits for different coverage types. So their prices vary. Shopping around for quotes and comparing them is one way to lower your auto insurance costs.

Take Advantage of Discounts

Many insurance companies offer several discounts like the good student discount for parents who add their teen to their policy. Having multiple policies with the same insurance also qualifies you for a discount.

Increasing your Deductibles

A deductible is an amount you pay when you’re involved in an accident before your auto insurance company steps in. Increasing your deductible helps you lower your auto insurance costs.

Maintaining a Good Credit Record

A good credit record can cut your insurance costs. Research has shown that people with good credit history tend to have fewer claims.

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Minimum Car Liability Insurance In Nevada

The minimum car liability insurance is the least amount required to drive legally in the state of Nevada. The liability insurance pays for the damages and/or injuries you cause to the other party when involved in an at-fault accident.

The Nevada State law requires all registered drivers to carry the following minimum coverage limits:

  • $25,000 for bodily injury to one person
  • $50,000 for bodily injury per accident
  • $20,000 for damage to property in one accident

This is usually written as 25/50/20.

Although the minimum car liability coverage is the required insurance needed by the state, it is often inadequate.

Auto insurance professionals advise drivers to purchase higher coverages if they can afford them to protect them from financial losses when they get involved in a serious accident. If your minimum coverage is not able to cover all the damages you caused, you can be sued for the rest. And nobody likes lawsuits.

Underinsured Motorist Coverage And Uninsured Motorist Coverage

The underinsured and uninsured motorist coverage are also types of liability coverage. They protect you when a driver with little or no insurance coverage hits you in an accident. These types of coverage pay for your medical expenses but not damages to your car. 

Auto insurance companies in Nevada offer you Underinsured and Uninsured motorist coverage but you can reject them in writing.

To get full coverage that covers damages to your vehicle,  you would have to have to purchase comprehensive and collision coverage.

Cheap Car Insurance For Good Drivers In Nevada

Good drivers typically have the best rates for auto insurance in Nevada. Having a clean driving record and taking defensive driving practices qualify you for cheaper premiums on your auto insurance. 

Geico is the cheapest auto insurance company for good drivers in Nevada with an average annual of $1,115.

Cheapest companiesAverage annual rates
Geico$1,115
State Farm$1,404
USAA$1,461
Travelers$1,731
State Average$2,176

 

Cheap Car Insurance For Drivers With A Speeding Ticket In Nevada

A speeding ticket on your driving record increases your premiums by almost $500 a year. Having a speeding ticket indicates to your insurance providers that you do not take precautions while driving and this puts you at a higher risk of being involved in an at-fault accident.

When you have this type of infraction on your record, shopping around for quotes is best and can save you a lot of money at the time to renew your policy.

State Farm offers the best rates in Nevada for drivers with a speeding ticket.

Cheapest companiesAverage annual rates
State Farm$1,519
Geico$1,662
USAA$1,707
Country$2,100
State Average$2,654

Cheap Car Insurance For Drivers Who Caused An Accident With Injury In Nevada

On average, drivers who caused an accident with injury in Nevada pay 44% more for auto insurance than good drivers. However, not all insurance providers hike that much.

State Farm offers the most affordable rates with an average annual of $1,634 followed by USAA which has an average annual of $1,968. USAA is exclusive to only military members, veterans, and their families.

Cheapest companiesAverage annual rates
State Farm$1,634
USAA$1,968
Geico$2,142
Country$2,179
State Average$3,139

Cheap Car Insurance For Drivers With A DUI In Nevada

Drivers with a DUI are classified as high-risk drivers. It is a serious offense to drive under the influence of drugs or alcohol in Nevada. Offenders are most likely to have their license suspended, serve jail terms and pay fines. 

Drivers with DUI convictions pay 59% more than good drivers in Nevada. However, not all insurers hike that much. State Farm and Geico offer the cheapest rates for drivers with a DUI in Nevada.

Cheapest companiesAverage annual rates
State Farm$1,519
Geico$2,510
Travelers$2,528
Country$2,706
State Average$3,464

 

Cheap Auto Insurance For Drivers With Poor Credit In Nevada

Auto insurers charge drivers with poor credit more because they believe that drivers with poor credit will make more claims.

Geico, American Access Casualty, and Key Insurance offer the best rates for drivers with poor credit in Nevada.

Cheapest companiesAverage annual rates
Geico$1,673
American Access Casualty$2,272
Key Insurance$2,384
Country$2,456
State Average$3,184

Cheap Car Insurance For Adding A Teen Driver In Nevada

When a parent adds his teen to his policy, his premiums rise exponentially. Auto insurance companies charge higher rates for them because teens do not have much experience behind the wheels and are at a high risk of being involved in an accident. 

Nationwide, American Family, Geico, and USAA all offer rates well below the state average.

Cheapest companiesParents onlyParents plus teen driverAverage % increase for adding a teen
Nationwide$1,395$2,03746%
American Family$2,196$3,36653%
Geico$1,282$3,651185%
USAA$1,687$4,189148%
State Average$2,140$4,477115%

Cheap Car Insurance For Young Drivers Ages 18 – 25 In Nevada

Young drivers generally pay high premiums. Taking advantage of discounts and comparing multiple quotes can help them save some money on car insurance.

Geico, Country, and USAA offer the most affordable policies for young drivers in Nevada.

Cheapest companiesAverage annual rates
Geico$1,386
Country$2,246
USAA$2,332
State Farm$2,448
State Average$3,562

Cheap Car Insurance For Seniors In Nevada

In Nevada, senior drivers of age 65+ pay a little less than young drivers. If you are a senior looking for cheap rates, you should consider Geico, State Farm, and USAA.

USAA is for only those who are eligible. that is military members, veterans, and their close family members.

Cheapest companiesAverage annual rates
Geico$1,029
State Farm$1,513
USAA$1,721
Country$1,842
State Average$2,324

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