Who Has Affordable Auto Insurance Rates for a 20 Year Old Male in Las Vegas?

Deciding which insurers offer the best auto insurance rates for 20 year old guys calls for a little more sweat than just comparing rates from one or two companies.

Each insurer uses their own calculation for setting prices, so let’s examine the most competitive auto insurance companies in Nevada.

Best Cheap Insurance Rates for Men Age 20

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Cheapest auto insurance in Nevada ranked by cost per year
Rank Company Cost Per Year
1 Allied $921
2 Travelers $930
3 Capital $978
4 Oregon Mutual $1,158
5 American Family $1,218
6 Progressive $1,238
7 GEICO $1,269
8 Nationwide $1,321
9 USAA $1,336
10 Safeco $1,360
11 Farmers $1,438
12 MetLife $1,615
13 Country $1,619
14 State Farm $1,732
15 Mercury $1,771
16 Victoria $2,073
17 Liberty Mutual $2,161
18 Bristol West $2,313
19 Allstate $2,385
20 Encompass $2,710
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Allied may have some of the most affordable car insurance rates in Las Vegas at around $921 each year. Travelers, Capital, Oregon Mutual, and American Family also make the cut as some of the cheaper Las Vegas, NV car insurance companies.

In this example, if you are insured with American Family and switched to Travelers, you might see an annual premium reduction of roughly $288. Nevada drivers with Progressive could save as much as $308 a year, and GEICO policyholders might reduce rates by $339 a year.

Remember that these prices are averaged across all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for 20 year old guys. So the car insurance company that fits you best may not even be in the list above. That is why you need to compare rates from multiple companies using your own driver data and vehicle information.

One of the more important considerations that are used to help calculate insurance cost is where you keep your car in Las Vegas. Areas with high crime rates or more dense population tend to have higher rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The table below lists the highest-priced places in Nevada for 20 year old guys to buy car insurance in. Las Vegas comes in at #5 with an annual cost of $1,930 for the average insured, which is around $161 each month.

How much does auto insurance cost in Las Vegas?
Rank City Premium Per Year
1 Winchester $2,180
2 Sunrise Manor $2,090
3 Spring Valley $2,060
4 Paradise $2,001
5 Las Vegas $1,930
6 Enterprise $1,870
7 North Las Vegas $1,844
8 Henderson $1,697
9 Boulder City $1,511
10 Mesquite $1,365
11 Pahrump $1,323
12 Sparks $1,317
13 Reno $1,294
14 Sun Valley $1,253
15 Spanish Springs $1,229
16 Carson City $1,170
17 Dayton $1,141
18 Gardnerville Ranchos $1,138
19 Spring Creek $1,125
20 Fernley $1,115
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Annual rates are approximated as specific location information can lower or raise insurance rates greatly.

Liability-only versus full coverage

Buying cheaper auto insurance is probably important to the majority of people, and one way to pay lower rates for insurance for 20 year old guys is to not pay for full coverage. The illustration below visualizes the comparison of insurance premiums with liability coverage only compared to full coverage. The rate quotes are based on no tickets, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.

As an overall average, full coverage costs $1,455 per year more than buying just liability insurance. Many drivers may wonder if buying full coverage is a good investment. There is no set rule of when to drop full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s book value is $7,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,500 after you pay the deductible. If you are paying in excess of $650 a year for full coverage, then you may want to consider only buying liability coverage.

Las Vegas auto insurance companies ranked

Choosing a highly-rated auto insurance provider can be rather challenging considering how many companies sell coverage in Nevada. The ranking information listed below could help you select which auto insurance companies to look at when trying find the best insurance for 20 year old guys. These rankings only include the largest companies in America, so smaller companies that only insure vehicles in Nevada will not be included in these rankings.

Top 10 Major Auto Insurers in Las Vegas Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Top 10 Major Auto Insurers in Las Vegas Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. Mercury Insurance
  5. The General
  6. Progressive
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide

Driving violations and accidents

In a perfect world, the ideal way to enjoy low auto insurance premiums for young men is to be a good driver and avoid getting tickets or having accidents. The example below illustrates how speeding tickets and fender-benders can raise insurance costs for each age group. The costs are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy per year with a clean driving record and no accidents is $1,819. Add in one speeding ticket and the average cost increases to $2,117, an increase of $298 each year. Now get two accidents along with the one speeding ticket and the yearly cost of auto insurance for 20 year old guys goes up to an average of $4,650. That’s an increase of $2,831, or $236 per month, just for not keeping your driving record clean!

How to find the cheapest car insurance for 20 year old guys

Lowering your rates is not difficult, and here are many money-saving ideas that can help you locate cheaper coverage.

The last tip is incredibly vital, as was pointed out in this article. Car insurance prices in Las Vegas can change in a short period of time, so don’t be afraid to change insurance companies if you can find a cheaper rate.

Having a favorite company is great, but it isn’t a good idea if that devotion results in you overpaying a wad of cash every year. If you have a few minutes, now is a great time to shop around and find cheaper insurance for 20 year old guys.

If you like to have the advice of a professional agent when shopping for cheaper insurance for 20 year old guys, the insurance agencies listed below are willing to aid you in deciding which auto insurance policy would work best for you. To locate a Las Vegas insurance agent nearest to you, click the button at the bottom or click here to compare price quotes.

Kate Lowe – State Farm Insurance Agent
10198 W Flamingo Rd #130Las Vegas, NV 89147(702) 363-4500

Universal Insurance Agency
348 N Nellis BlvdLas Vegas, NV 89110(702) 838-5141

Las Vegas Auto Insurance
1953 N Decatur BlvdLas Vegas, NV 89108(702) 570-5777

View map of Las Vegas, NV insurance agents