Comparing rates for low-priced auto insurance is challenging, and determining which company quotes the best insurance rates for college students will involve even more shopping around. Every insurance provider has their own guidelines to set their prices, so let’s rank the insurance companies with the overall best prices in Las Vegas, NV.
Lowest Insurance Price Quotes for College Students
|Rank||Company||Cost Per Year|
|View More Rates Go|
Travelers may offer some of the most affordable car insurance rates in Las Vegas at around $930 each year. Allied, Capital, Oregon Mutual, and Progressive would also make the list of some of the most economical Las Vegas, NV auto insurance companies.
As shown above, if you are a policyholder with Oregon Mutual and switched to Travelers, you might see a yearly price reduction of approximately $228. Nevada drivers with Progressive may save as much as $260 a year, and American Family policyholders might lower prices by $264 a year.
To find out how much you can save, click here to start your free quote or quote rates from the companies below.
Understand that those prices are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact location for college students. So the car insurance company that can offer you the best price may not even be in the top 20 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The vehicle model that needs insurance is a large factor that determines the availability of low-priced car insurance for college students. Vehicles with high performance features, a lack of safety features, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models.
The next list shows insurance premiums for the most affordable vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$5,398|
|Honda Accord EX 4-Dr Sedan||$5,407|
|Ford Escape Limited 4WD||$5,820|
|Hyundai Elantra SE Touring Station Wagon||$5,825|
|Ford Explorer XLT 2WD||$6,048|
|Ford F-150 XL Super Cab 4WD||$6,055|
|Volkswagen Jetta 2.0T Station Wagon||$6,247|
|Ford Edge SE AWD||$6,314|
|Chevrolet Equinox LS 2WD||$6,392|
|Dodge Grand Caravan Hero||$6,402|
|Toyota Tacoma Double Cab 4WD||$6,392|
|Toyota RAV4 Sport 2WD||$6,401|
|Chevrolet Malibu LT||$6,474|
|Chevrolet Impala LTZ||$6,737|
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Data variables include single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in zip code location which can raise or lower prices significantly.
Based upon the rates shown, we can presume that vehicles like the Honda CR-V, Honda Accord, Ford Escape, Hyundai Elantra, and Toyota Prius will definitely be a few of the most affordable vehicles to insure for students in college. Rates will trend higher because there is more inherent risk for college students, but in general those vehicles will have the cheapest auto insurance rates possible.
One of the many things that determine auto insurance rates is where you live in Las Vegas. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas less populated areas have the luxury of cheap car insurance rates.
The information below rates the highest-priced areas in Nevada for college students to buy an auto insurance policy in. Las Vegas is listed at #5 with the annual price of $1,892 for the average policy, which is approximately $158 each month.
|7||North Las Vegas||$1,826|
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Information shown are estimated as the vehicle garaging location can influence premiums substantially.
Get discount Las Vegas auto insurance
Car insurance companies that sell policies for college students may also give you premium discounts that could reduce prices by as much as 35% or more if you can meet the requirements. Companies and a selection of discounts are included below.
- State Farm may offer discounts for Steer Clear safe driver discount, Drive Safe & Save, defensive driving training, passive restraint, accident-free, and good driver.
- Progressive offers discounts for continuous coverage, online signing, good student, homeowner, online quote discount, and multi-policy.
- Progressive offers premium reductions for online signing, homeowner, online quote discount, multi-policy, good student, continuous coverage, and multi-vehicle.
- MetLife has discounts for good driver, claim-free, defensive driver, multi-policy, and good student.
- Farm Bureau offers discounts including driver training, safe driver, renewal discount, multi-policy, and 55 and retired.
- GEICO discounts include five-year accident-free, membership and employees, air bags, daytime running lights, defensive driver, multi-vehicle, and good student.
- SAFECO may have discounts that include teen safety rewards, drive less, homeowner, anti-theft, anti-lock brakes, safe driver, and bundle discounts.
The illustration below visualizes the comparison of insurance rates with and without discounts applied. The premium estimates are based on a female driver, a clean driving record, no claims, Nevada state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with anti-theft, passive restraint, paperless filing, paid-in-full, good student, and vehicle safety discounts applied. When these discounts are applied, theaverage amount saved on insurance for college students is 21% or $283.
Choosing the best car insurance provider is hard considering how many different companies there are to choose from in Nevada. The company information shown below may help you analyze which car insurance companies you want to consider to insure your vehicles. These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Nevada business are not included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
The importance of shopping around
Las Vegas, NV insurance rates are impacted by many things that may substantially change the price you have to pay. Simply having a birthday, adding a teenager to your policy, or having an at-fault accident may prompt premium changes that can cause some rates to be more affordable than the competition.
In addition to those changes, car insurance companies change rates without warning to help ensure profitability. A period of increased losses may cause high rates, while lower claim expenses can result in lower-cost Las Vegas car insurance rates.
The graph below shows which companies have the cheapest car insurance in Las Vegas, NV for a 40-year-old female driver with no accidents, a clean driving record, and a high credit rating. When comparing rates based on her current risk factors, Travelers offers the cheapest car insurance rates in Las Vegas at $1,620 annually. This is $46 more than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Oregon Mutual are also included in the cheapest Las Vegas, NV auto insurance companies.
In this example, we will give the driver from the first example some claims, a lower credit rating, and a traffic ticket or two. Since each company has a proprietary formula to determining premium rates, comparing insurance quotes most likely will result in a substantially altered list of cheap Las Vegas auto insurance companies as shown below.
GEICO now has the cheapest auto insurance in Las Vegas, NV with Allied, Nationwide, Safeco, and USAA also having competitive pricing. This example demonstrates why Las Vegas drivers need to compare as many rates as possible to get the best insurance quotes for college students.
Auto insurance prices are made up of many different factors and change frequently, so the cheapest option the last time you compared rates may now cost much more than other companies.