For teen drivers, one of the big considerations that help determine the annual cost of car insurance is where your car is garaged in Las Vegas. More populated areas will most likely pay more, whereas areas that tend to be more rural benefit from lower rates.
The next table sorts the most expensive places in Nevada for teenagers to purchase car insurance in. Las Vegas is ranked #5 having an annual price of $1,930 for coverage, which is approximately $161 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Winchester | $2,180 |
| 2 | Spring Valley | $2,060 |
| 3 | Sunrise Manor | $2,008 |
| 4 | Paradise | $1,981 |
| 5 | Las Vegas | $1,930 |
| 6 | Enterprise | $1,927 |
| 7 | North Las Vegas | $1,900 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,511 |
| 10 | Mesquite | $1,325 |
| 11 | Pahrump | $1,323 |
| 12 | Sparks | $1,278 |
| 13 | Spanish Springs | $1,266 |
| 14 | Reno | $1,256 |
| 15 | Sun Valley | $1,253 |
| 16 | Fernley | $1,137 |
| 17 | Carson City | $1,136 |
| 18 | Dayton | $1,130 |
| 19 | Gardnerville Ranchos | $1,116 |
| 20 | Spring Creek | $1,092 |
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Price information shown is estimated as the specific garaging location can raise or lower coverage rates greatly.
Deciding which companies have the most affordable auto insurance rates for teenagers calls for a bit more effort than just picking a company at random. Every insurance company has a different formula for determining prices, so let’s examine the most competitive auto insurance companies in Las Vegas.
We do need to point out that Nevada auto insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Simply turning a year older, buying a home instead of renting, or getting a speeding ticket can trigger price changes resulting in some rates now being affordable when they were higher priced.
Best Insurance Companies for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $939 |
| 2 | Allied | $949 |
| 3 | Capital | $988 |
| 4 | Oregon Mutual | $1,193 |
| 5 | American Family | $1,218 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,269 |
| 8 | Nationwide | $1,295 |
| 9 | USAA | $1,297 |
| 10 | Safeco | $1,360 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,631 |
| 13 | Country | $1,668 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,031 |
| 17 | Liberty Mutual | $2,183 |
| 18 | Allstate | $2,337 |
| 19 | Bristol West | $2,407 |
| 20 | Encompass | $2,710 |
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Travelers has some of the best car insurance rates in Las Vegas at around $939 each year. Allied, Capital, Oregon Mutual, and American Family would also be considered some of the lowest-priced Las Vegas, NV auto insurance companies.
In this example, if you buy coverage from Oregon Mutual and switched to Allied, you might achieve a yearly savings of upwards of $244. Nevada drivers with American Family may save as much as $269 a year, and Progressive insureds might lower prices by up to $277 a year.
To see if you’re overpaying, click here to start your free quote or visit any of the companies below.
Understand that those premium estimates are averages across all ages of drivers and types of vehicles and do not factor in an exact location for teenagers. So the company that fits your situation best may not even be in the top 20 companies shown above. That is why you need to get quotes using your own driver and vehicle profiles.
The vehicle model driven is a large factor when consumers are trying to find the best auto insurance for teenagers. Vehicles with lots of horsepower, a lack of safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models. The table below shows insurance rates for a selection of the most economical vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $8,608 |
| Honda CR-V EX-L 2WD | $8,691 |
| Toyota Prius | $9,318 |
| Dodge Grand Caravan SE | $9,665 |
| Toyota Tacoma 4WD | $9,670 |
| Ford Edge SE AWD | $10,126 |
| Chevrolet Impala LT | $10,209 |
| Volkswagen Jetta LE 4-Dr Sedan | $10,214 |
| Toyota Camry LE | $10,209 |
| Chevrolet Equinox LS AWD | $10,219 |
| Nissan Altima 2.5 4-Dr Sedan | $10,209 |
| Toyota RAV4 Limited 2WD | $10,215 |
| Ford Explorer Limited 2WD | $10,292 |
| Dodge Ram Quad Cab ST 2WD | $10,510 |
| Hyundai Elantra GLS 4-Dr Sedan | $10,749 |
| Toyota Corolla XLE | $10,754 |
| Honda Odyssey Touring | $10,833 |
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Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in your specific Las Vegas, NV location which can impact rates substantially.
Based upon the rates shown, vehicles like the Ford Escape, Honda CR-V, and Toyota Prius are most likely to be some of the cheapest vehicles to insure for teen drivers. The price for car insurance will trend higher just due to the fact that there is more risk for teenagers, but generally speaking those makes and models will most likely have the least expensive rates possible.
Get discounts on Las Vegas insurance rates
Insurance providers that offer quotes for teenagers could also offer price discounts that could lower prices by as much as 25% or more if you meet the requirements. Large auto insurance companies and a partial list of their discounts are:
- The Hartford has savings for vehicle fuel type, defensive driver, air bag, good student, anti-theft, driver training, and bundle.
- American Family includes discounts for bundled insurance, defensive driver, mySafetyValet, good driver, early bird, and TimeAway discount.
- Progressive offers discounts including continuous coverage, online quote discount, homeowner, multi-vehicle, and multi-policy.
- Travelers policyholders can earn discounts including hybrid/electric vehicle, multi-policy, new car, save driver, IntelliDrive, and home ownership.
- Farmers Insurance offers premium reductions for homeowner, teen driver, pay in full, multi-car, and switch companies.
- USAA may offer discounts for defensive driver, family discount, driver training, new vehicle, and good student.
- Liberty Mutual discounts include preferred payment discount, new graduate, safety features, good student, newly retired, and new vehicle discount.
The example below compares auto insurance rates with and without discounts. The data assumes a male driver, no violations or accidents, Nevada state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with paperless filing, vehicle safety, anti-theft, paid-in-full, good student, and passive restraint discounts applied. When these discounts are applied, theamount saved on auto insurance for teenagers is 28% or $563.
Rate comparison of full coverage and liability-only
Finding the cheapest auto insurance is probably important to most people, and an easy way to lower the cost of insurance for teenagers is to not pay for full coverage. The example below shows the difference between premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The rate quotes are based on no claims or driving citations, $500 deductibles, marital status is single, and no additional discounts are factored in.
On average, comprehensive and collision coverage on your policy costs $1,455 per year over and above liability only. That touches on the question if it’s worth it to buy full coverage. There is no set guideline that is best for determining when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
There are a few cases where removing full coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
How to find budget-friendly insurance for teenagers
The list below details many penny-pinching ideas that can help Las Vegas drivers find low-cost coverage.
- Avoid accidents
- Improve your credit score
- Buy vehicles with good safety ratings
- Save money by only buying liability coverage for older vehicles
- Higher deductibles save money
- Be a cautious driver
- Compare rate quotes frequently
That final tip is particularly critical, as we noted in the prior information. Car insurance rates fluctuate constantly, so drivers shouldn’t be reluctant to buy from a new company if a cheaper price is available. Many drivers prefer to stick with one company, but it isn’t a good idea if that dedication is costing money that could be spent on other things. Now is a great time to compare rates to find cheaper car insurance for teenagers in Las Vegas.