Who Has the Cheapest Auto Insurance for Low Mileage Drivers in Las Vegas?

This would be a quick read if we could simply tell you the single best car insurance company that is cheapest in Nevada. Regrettably, it’s not quite that easy, as there are a ton of unknown elements such as any tickets or violations, the annual mileage you drive, and how experienced of a driver you are, that all impact the cost of your policy. The content below will cover some of these criteria and hopefully give you enough understanding to have a good start in finding the cheapest insurance in Nevada.

One of the many considerations that are used to help calculate the price you pay for insurance is where you live. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.

The information below rates the most costly cities in Nevada for low mileage drivers in which to purchase auto insurance. Las Vegas is ranked #6 costing $1,892 for coverage, which is around $158 per month.

Car insurance prices in Las Vegas
Rank City Annual Premium
1 Winchester $2,158
2 Spring Valley $2,040
3 Sunrise Manor $2,029
4 Paradise $1,981
5 Enterprise $1,908
6 Las Vegas $1,892
7 North Las Vegas $1,882
8 Henderson $1,697
9 Boulder City $1,495
10 Pahrump $1,337
11 Mesquite $1,325
12 Sparks $1,304
13 Reno $1,256
14 Spanish Springs $1,253
15 Sun Valley $1,253
16 Carson City $1,158
17 Fernley $1,137
18 Dayton $1,130
19 Elko $1,125
20 Gardnerville Ranchos $1,116
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Table data uses estimated as the specific zip code location can revise auto insurance rates greatly.

The make and model of vehicle requiring coverage is a significant factor when looking for the most affordable coverage for low mileage drivers. Vehicles with high performance engines, poor safety ratings, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The data below features coverage rates for a handful of the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Las Vegas, NV
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $2,535
Dodge Grand Caravan SE $2,597
Honda CR-V EX 2WD $2,617
Chevrolet Impala LS $2,693
Toyota RAV4 Limited 2WD $2,744
GMC Sierra SL Extended Cab 2WD $2,754
Toyota Prius $2,816
Jeep Wrangler Unlimited Sport 4WD 4-Dr $2,827
Nissan Altima 2.5 S 4-Dr Sedan $2,892
Jeep Grand Cherokee Limited 4WD $2,943
Chevrolet Equinox LTZ AWD $2,953
Hyundai Sonata GLS 4-Dr Sedan $2,943
Nissan Rogue S 2WD $2,948
Volkswagen Jetta SE 4-Dr Sedan $2,943
Honda Odyssey EX $2,947
Ford Fusion S 4-Dr Sedan $3,005
Chevrolet Malibu LS $3,015
Honda Civic DX 4-Dr Sedan $3,019
Dodge Ram 3500 Crew Cab ST 2WD $3,046
Ford F-150 XLT Crew Cab 4WD $3,063
Hyundai Elantra Blue 4-Dr Sedan $3,111
Toyota Camry Hybrid $3,142
Chevrolet Silverado LT Crew Cab 2WD $3,149
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price estimates do not factor in vehicle location which can modify coverage prices greatly.

Based upon the rates shown, we can presume that vehicles like the Ford Escape, Dodge Grand Caravan, and Honda CR-V will be some of the more affordable vehicles to insure for infrequent drivers.

Liability-only versus full coverage

Buying cheaper car insurance should be important to most drivers, and one of the best ways to buy cheaper insurance for low mileage drivers is to only buy liability insurance. The diagram below compares insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are factored in.

If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an additional $2,410 per year more than just insuring for liability. That is a large expense which might make you wonder if paying for full coverage is a waste of money. There is no set rule of when to drop comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after paying your deductible. If it’s costing in excess of $200 annually for your policy with full coverage, then it might be time to buy liability only.

Best car insurance company in Las Vegas

Buying coverage from a highly-rated auto insurance company can be rather challenging considering how many companies there are to choose from in Las Vegas. The ranking data in the lists below can help you choose which car insurance companies you want to consider when trying to find cheaper insurance for low mileage drivers. The ratings below only include large, nationwide insurance companies, so smaller companies that only insure vehicles in Nevada are not taken into consideration for the list.

Top 10 Major Auto Insurance Providers in Las Vegas Ranked by Value

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

Top 10 Major Auto Insurance Providers 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

Don’t make the mistake of not shopping around

Nevada car insurance rates are influenced by many factors that will increase or decrease the price you pay. Simply having a birthday, buying a new vehicle, or getting caught speeding may prompt premium changes that may make certain companies more affordable than others.

And not only may your rating factors change, but car insurance companies modify pricing as often as every three months to adjust for heavy claims or excess profits. Unexpectedly high claims can result in increased policy costs, while lower claim levels may cause cheaper Las Vegas car insurance rates.

To illustrate this example, the graph below shows the cheapest car insurance in Las Vegas, NV for a 40-year-old male driver with no violations or accidents, and a good credit history. If we look at prices based on his current situation, Travelers has the best car insurance rates in Las Vegas at $1,564 a year. This is $10 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Oregon Mutual are also included in the top five cheapest Las Vegas, NV auto insurance companies.

In this next rate comparison, we will give the driver from the above example a chargeable accident, bad credit, and a few blemishes on his driving record. Since each insurance company has a proprietary formula for establishing rates, getting updated rate quotes may now show a significantly different list of the cheapest car insurance companies in Las Vegas as shown below.

GEICO now has the lowest price in Las Vegas with USAA, Nationwide, Safeco, and Allied now rounding out the top five. This example illustrates why it is critical to shop around when trying to get the most affordable auto insurance quotes for low mileage drivers.

Rates are influenced by many different factors and can increase or decrease at any time, so the best option the last time you checked may now be one of the more expensive options.