You’ve seen the commercials from auto insurance companies like The General and Nationwide that say if you switch you’ll get enormous savings, so you just need to pick the company with the best ad, right?
It’s not quite that easy, unfortunately, as there are a ton of unknowns such as the area where you live, what physical damage coverage deductibles you want, and the number of miles you drive in a year, that all impact the cost of coverage. The content below will cover the different ways you can keep rates low and will hopefully give you a jump start in finding the best auto insurance in Nevada.
Finding cost effective auto insurance is not the easiest thing to do, and determining which company quotes the best insurance rates for uninsured drivers may require even more work. Each auto insurer uses their own formula for determining prices, so first we will examine the most competitive insurance companies in Las Vegas.
It’s important to know that Nevada insurance rates are influenced by many factors which can substantially change the price you have to pay for coverage. Things like getting older, buying a home, or getting a couple of tickets can trigger price changes that can cause some rates to be affordable when they were higher priced.
Cheapest Insurance Rates in Nevada
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
Travelers may have some of the most affordable car insurance rates in Las Vegas at around $912 each year. Allied, Capital, American Family, and Oregon Mutual are also some of the cheapest Las Vegas, NV insurance companies.
As shown in the rates above, if you have coverage with Oregon Mutual and switched to Allied, you might achieve an annual premium reduction of in the neighborhood of $243. Insureds with Progressive might save as much as $251 a year, and GEICO insureds might realize rate reductions of up to $317 a year.
To find out how your current rates compare, click here to start a quote or visit any of the low-priced companies below.
It’s important to note that these rates are averaged across all drivers and vehicles in Nevada and and are not calculated with an exact location for uninsured drivers. So the auto insurance company that is best for you may not even be in the top 20 companies in the list above. That’s why you need to get rate quotes using your own specific driver information and vehicle.
For drivers with no prior coverage, one of the big things that help determine the price you pay for insurance is the neighborhood you call home. Cities with larger populations or higher claim trends likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.
The illustration below ranks the most expensive cities in Nevada for uninsured drivers in which to buy car insurance. Las Vegas shows up at #6 with a yearly cost of $1,892 for the average policyholder, which is approximately $158 per month.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,844|
|Compare Rates Now Go|
Table data uses comparative as vehicle location can alter premium rates greatly.
How accidents and violations affect rates
In a perfect world, the ideal way to enjoy low insurance premiums in Nevada for drivers with no prior coverage is to be a good driver and maintain a clean driving record. The illustration below shows how speeding tickets and accidents can influence yearly insurance costs for different age groups of insureds. The costs are based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of a car insurance policy per year with no violations or accidents is $1,387. Add in two speeding tickets and the average cost rises to $1,852, an increase of $466 each year. Now get one accident along with the two speeding tickets and the annual cost of insurance for uninsured drivers jumps again to an average of $2,319. That’s an increase of $933, or $78 per month, just for a couple of infractions!
Discounts on Las Vegas insurance rates
Auto insurance companies that offer quotes for uninsured drivers may also give you special discounts that could reduce prices by as much as 35% if you are eligible for them. Popular insurance companies and a selection of discounts are shown below.
- American Family may have discounts that include good driver, defensive driver, Steer into Savings, air bags, multi-vehicle, good student, and bundled insurance.
- Nationwide has savings for family plan, business or organization, Farm Bureau membership, defensive driving, and multi-policy.
- MetLife policyholders can earn discounts including defensive driver, claim-free, accident-free, multi-policy, and good student.
- 21st Century may include discounts for defensive driver, 55 and older, teen driver, homeowners, early bird, student driver, and air bags.
- Farmers Insurance discounts include pay in full, switch companies, bundle discounts, alternative fuel, teen driver, and good student.
- Allstate offers discounts for passive restraint, utility vehicle, teenSMART discount, multi-policy, premier plus, and anti-theft.
The diagram below illustrates the difference between yearly insurance costs with and without discounts applied to the rates. The costs are based on a female driver, a clean driving record, no at-fault accidents, Nevada state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, homeowner, marriage, defensive driving course, accident-free, and anti-theft discounts applied. When discounts are factored in, the average savings per year on insurance for uninsured drivers is 27% or $512.
Why you are probably overpaying for car insurance
Nevada insurance rates are impacted by many things that may substantially change the price you pay. Simply improving your credit, moving to a new city, or having a fender bender may prompt premium changes that can cause some rates to be more affordable than the competition.
Not only that, but car insurance companies change prices as needed to reflect underwriting profits or losses. Heavy losses may cause higher priced premiums, while better underwriting can cause lower-priced Las Vegas car insurance rates.
To illustrate this point, the chart below shows the cheapest car insurance in Las Vegas, NV for a 30-year-old male driver with no prior claims, no tickets, and solid credit. If we compare prices based on his personal profile, Travelers might offer the best car insurance rates in Las Vegas at $1,589 annually. This is $15 more than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also make the list of the most affordable Las Vegas, NV auto insurance companies.
The chart below compares rates after we give the driver in the first example a chargeable accident, poor credit, and a traffic ticket or two. Since every insurance provider has a different process for determining prices, comparing rates could now result in a significantly different list of the cheapest companies as shown below.
GEICO now has the best auto insurance rate in Las Vegas with USAA, Nationwide, Allied, and Safeco now rounding out the top five. This example proves why it is critical to do a thorough rate comparison when trying to find the lowest insurance rates for uninsured drivers.
Insurance prices are calculated by many factors and can change substantially, so the lowest-price company two years ago may now cost much more than other companies.
If you aren’t sure which coverage to buy and prefer to get help from a professional when shopping around for cheaper insurance for uninsured drivers, the agents below can aid you in deciding which policy fits your needs best.
To find an agent close to you, click the button following the list.
- Insurance Specialists – Auto and Home Agency
5025 S Eastern Ave #20 – Las Vegas, NV 89119 – (702) 307-3398
- Franco Vitiello – State Farm Insurance Agent
3370 S Hualapai Way #140 – Las Vegas, NV 89117 – (702) 648-6642
- Invest America Insurance LLC
6190 W Charleston Blvd – Las Vegas, NV 89146 – (702) 685-3888
- Estrella Auto Insurance
2349 E Bonanza Rd – Las Vegas, NV 89101 – (702) 671-4081