Locating low-priced car insurance is challenging, and deciding which company offers the cheapest insurance rates for teenage males calls for even more shopping around.
Every insurance provider uses a slightly different approach to establish rates, so first let’s look at the rankings for the lowest cost insurance companies in Las Vegas. It’s important that you understand Las Vegas, NV insurance rates are impacted by many factors that will increase or decrease the policy price. Improving your credit score, having a teenage driver, or getting a couple of tickets can produce rate changes that can cause some rates to be higher-priced than the competition.
Find the Cheapest Car Insurance for Teens
|Rank||Company||Cost Per Year|
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Travelers offers some of the most affordable car insurance rates in Las Vegas at around $912 a year. This is $662 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also qualify as some of the lowest-priced Las Vegas, NV insurance companies.
In the rate table above, if you currently buy coverage from Allied and switched to Travelers, you may see an annual premium reduction of upwards of $9. Policyholders with Capital could save as much as $76 a year, and Oregon Mutual insureds might reduce rates by $281 a year.
To see how much you can save, click here or quote prices from the following companies.
It’s important to note that these premiums are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for teenage males. So the car insurance company that can offer you the lowest price may not even be in the list above. That illustrates why you need to get car insurance quotes using your own specific driver information and vehicle.
The car, truck, or SUV you are insuring is one of the biggest factors that determines whether or not you find the most economical coverage for teenage males. Vehicles with economical engines, good crash test ratings, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.
The list below estimates auto insurance rates for the more affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$10,808|
|Ford Escape XLT 4WD||$10,914|
|Hyundai Elantra SE Touring Station Wagon||$11,576|
|Ford F-150 XL Regular Cab 4WD||$12,157|
|Dodge Grand Caravan CV||$12,163|
|Toyota Tacoma 4WD||$12,157|
|Ford Focus S 4-Dr Sedan||$12,713|
|Ford Edge SEL 2WD||$12,722|
|Volkswagen Jetta LE 4-Dr Sedan||$12,819|
|Nissan Altima 2.5 4-Dr Sedan||$12,827|
|Chevrolet Malibu Hybrid||$12,819|
|Toyota RAV4 Sport 4WD||$12,828|
|Ford Explorer Limited AWD||$12,921|
|Honda Odyssey EX-L||$13,481|
|Chevrolet Impala LTZ||$13,491|
|Toyota Corolla LE||$13,481|
|Toyota Camry SE||$13,490|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$13,569|
|Chevrolet Equinox LTZ 2WD||$13,583|
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Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific garaging location which can lower or raise insurance rates greatly.
Looking at the numbers, we can infer that cars like the Honda CR-V, Ford Escape, and Hyundai Elantra are most likely going to be the most budget-friendly vehicles to insure for teen boys. Prices will tend to be more expensive anyway just due to the fact that there is more risk for teenage males, but overall those makes and models will probably have the cheapest rates compared to other vehicles.
Difference between full coverage and liability only rates
Reducing the cost of insurance should be important to the majority of drivers, and a good way to find cheap insurance for teenage males is to not buy full coverage. The illustration below visualizes the comparison of car insurance rates with full coverage compared to only the Nevada minimum liability coverage. The rate quotes are based on no claims or violations, $1,000 deductibles, single status, and no policy discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an extra $1,728 per year over having just liability coverage. That brings up the question if buying full coverage is a waste of money. There is no definitive guideline of when to phase out physical damage coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,500 after the deductible is paid. If premium cost is more than $550 annually for physical damage coverage, then it might be time to buy liability only.
Ratings for Las Vegas insurance companies
Ending up with a highly-rated car insurance provider is difficult considering how many different insurance companies sell coverage in Nevada. The company information in the next section could help you decide which providers to look at purchasing coverage from. These ratings are only comprised of the largest auto insurers in America, so companies without a large exposure are not included in the list.
Top 10 Major Auto Insurance Companies Overall in Las Vegas
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
The agents listed below can probably provide answers to your questions and help you determine which is the best policy, as lots of drivers aren’t clear which coverage they need and would like to get some professional input when shopping for the best coverage for teenage males. It’s not always easy to find the best coverage on your own, and insurance agents can give comfort knowing your policy gives you enough coverage when you need it. To find an agent by location nearest to you, click the button after the list or click here to compare price quotes now.
Las Vegas Auto Insurance
1953 N Decatur Blvd – Las Vegas, NV 89108 – (702) 570-5777
Mario Giannini – State Farm Insurance Agent
9484 W Lake Mead Blvd #7 – Las Vegas, NV 89134 – (702) 982-3300
Family Trust Insurance, LLC
6420 W Spring Mountain Rd #20 – Las Vegas, NV 89146 – (702) 212-3838
Tod Young – State Farm Insurance Agent
7450 W Cheyenne Ave #105 – Las Vegas, NV 89129 – (702) 367-4900
How to find the cheapest insurance for teenage males
It is possible to find better rates, and here are some of the better penny-pinching solutions that can help Las Vegas drivers buy low-cost coverage.
- Higher comprehensive and collision coverage deductibles will save money
- If your vehicles are older, consider dropping full coverage
- Prevent rate increases by staying accident-free
- If possible, pay for small claims out-of-pocket
- Ensure your driving record is clean
- Keep rates low by shopping around frequently
That last tip is particularly vital, as we hit on in this write-up. Prices fluctuate considerably, so don’t be afraid to change to a new company if a more affordable rate is found. Having a favorite company is fine, but it isn’t a good idea if that inflexibility results in costing you a small fortune year after year. Now is a great time to compare rates to find cheaper auto insurance for teenage males in Las Vegas.