Who Has Cheap Auto Insurance for 18 Year Olds in Las Vegas?

Things would sure be easy if we could simply tell you the one auto insurance company that has the cheapest rate quotes in Nevada. It’s not quite that easy, unfortunately, as there are a lot of unknown factors like how high your deductibles should be, tickets or driving violations, whether or not you have had gaps between policies, and when you were born, that all impact the cost of your policy. The content below covers some of these factors and will give you a good start in finding the cheapest insurance in Las Vegas.

The vehicle requiring coverage is a significant factor in finding low-priced insurance for 18 year olds. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer models.

The data below outlines auto insurance costs for a handful of the cheapest vehicles to insure.

Data rating is based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in vehicle location which can influence insurance rates considerably.

By looking at the data, you can expect vehicles like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be the more affordable vehicles to insure for teen drivers. Prices will trend higher because of the fact that there is a higher risk for 18 year olds, but generally speaking those vehicles will most likely have the cheapest car insurance rates compared to other types of vehicles.

Shopping around for budget auto insurance is not easy, and determining which company has the lowest-priced auto insurance rates for 18 year olds calls for a bit more work. Each auto insurer uses a different method for filing rates in each state, so to begin we’ll rank the auto insurance companies with the overall best prices in Las Vegas, NV.

Keep in mind that Las Vegas auto insurance rates are influenced by many factors that may substantially change the price you pay for coverage. This price fluctuation is why it is crucial to perform a complete rate comparison to get cheap auto insurance rates for 18 year olds. Prices are made up of many different factors and change dramatically, so the most affordable company a year ago may now be quite expensive.

Cheapest Insurance Rates for Teens

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Allied has some of the best car insurance rates in Las Vegas at around $911 a year. Travelers, Capital, Oregon Mutual, and Progressive also are some of the cheaper Las Vegas, NV auto insurance companies.

As the rates illustrate above, if you are a policyholder with Oregon Mutual and switched to Travelers, you might see yearly savings of around $208. Policyholders with Progressive could save as much as $251 a year, and American Family insureds might cut rates by $279 a year.

Understand that those rates are averaged for all drivers and vehicles in Nevada and and are not figured with an exact vehicle garaging location for 18 year olds. So the car insurance company that is best suited for you may not even be in the top 20 companies shown above. That affirms the importance of why you need to get quotes using your own driver and vehicle profiles.

One of the more important components that are used to help calculate the annual cost of car insurance is the neighborhood you call home in Las Vegas. Areas with more people or more claims are more likely to have higher rates, whereas areas with less congestion benefit from having to pay less for coverage.

The information below lists the highest-priced places in Nevada for 18 year olds to buy car insurance in. Las Vegas shows up at #6 costing $1,873 for the average policyholder, which is approximately $156 monthly.

Prices are estimated as the specific zip code location can impact prices noticeably.

What is the best auto insurance company in Las Vegas?

Buying coverage from a highly-rated company can be difficult considering how many different insurance companies sell coverage in Las Vegas. The company rank data shown below may help you pick which car insurance providers to look at when shopping car insurance rates for 18 year olds.

These ratings are only made up of the largest auto insurers in America, so smaller companies that only insure vehicles in Nevada are not taken into consideration for the list. To compare prices from these and other competitive companies, follow this link.

Top 10 Large 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 Large Auto Insurers Overall in Las Vegas

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

Full coverage versus liability only rates

Saving on auto insurance is the goal of the majority of people, and a great way to find cheap insurance for 18 year olds is to not buy comprehensive and collision coverage. The information below illustrates the difference between insurance prices with full coverage and liability only. The rate quotes are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.

As an average for all age groups, comprehensive and collision coverage on your policy costs an additional $1,940 per year more than just buying liability only. At some point, about every driver wonders if it’s worth it to buy full coverage. There isn’t a written rule to stop buying physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping full coverage is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

The chart below shows how different deductible levels can impact insurance costs when researching cheap insurance for 18 year olds. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

The chart above illustrates that a 50-year-old driver could cut expenses by $244 a year by switching from a $100 deductible up to a $500 deductible, or save $370 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, have the ability to save as much as $620 every year just by choosing higher deductibles when buying full coverage.

If you do make the decision to raise your deductibles, it is a good idea to have enough savings to enable you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.