Who Has the Cheapest Las Vegas Auto Insurance for a 20 Year Old Female?

The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, especially when you are shopping around for the best insurance rates for 20 year old women. Because of the high cost, let’s take a look at some of the factors that determine insurance prices, and find a way to take the bite out of the next policy you buy.

One of the many things that are looked at to determine car insurance rates is your zip code. Larger areas will most likely pay more, whereas more rural areas have the benefit of cheaper car insurance.

The next table shows the most expensive places in Nevada for 20 year old women in which to purchase auto insurance. Las Vegas is ranked at #5 with a yearly cost of $1,930 for the average insured, which is approximately $161 monthly.

Car insurance prices in Las Vegas
Rank City Annual Rate
1 Winchester $2,158
2 Sunrise Manor $2,069
3 Spring Valley $2,060
4 Paradise $1,981
5 Las Vegas $1,930
6 Enterprise $1,851
7 North Las Vegas $1,844
8 Henderson $1,767
9 Boulder City $1,511
10 Mesquite $1,365
11 Pahrump $1,364
12 Sparks $1,317
13 Reno $1,282
14 Sun Valley $1,266
15 Spanish Springs $1,229
16 Carson City $1,158
17 Fernley $1,149
18 Gardnerville Ranchos $1,116
19 Dayton $1,097
20 Fallon $1,097
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Premium amounts are comparative as zip code location can raise or lower price quotes noticeably.

Deciding which company has the most affordable car insurance rates for 20 year old women will require a little more sweat in order to find the most economical policy.

Each insurance company uses their own formula for determining rates, so let’s take a look at the car insurance companies that tend to be cheaper in Las Vegas.

Find the Best Cheap Insurance for Women Age 20

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Rankings for the cheapest Nevada auto insurance companies
Rank Company Cost Per Year
1 Allied $939
2 Travelers $939
3 Capital $988
4 Oregon Mutual $1,147
5 American Family $1,194
6 Progressive $1,238
7 GEICO $1,269
8 Nationwide $1,282
9 USAA $1,284
10 Safeco $1,346
11 Farmers $1,482
12 MetLife $1,583
13 Country $1,619
14 State Farm $1,698
15 Mercury $1,771
16 Victoria $2,031
17 Liberty Mutual $2,249
18 Bristol West $2,313
19 Allstate $2,385
20 Encompass $2,630
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Allied quotes some of the cheapest car insurance rates in Las Vegas at around $939 annually. Travelers, Capital, Oregon Mutual, and American Family would also be considered some of the cheapest Las Vegas, NV auto insurance companies.

As the example above demonstrates, if you buy coverage from Capital and switched to Allied, you may realize savings of around $49. Insureds with Oregon Mutual may save as much as $208 a year, and American Family policyholders might realize rate reductions of up to $255 a year.

Bear in mind that those policy rates are averaged for all ages of drivers and types of vehicles and are not factoring in a specific vehicle garaging location for 20 year old women. So the insurer that has the cheapest rates for you may not even be in the top 20 companies shown above. That helps illustrate why you need to compare rates from as many companies as possible using your own individual information.

The make and model of vehicle to be insured is one of the primary factors when comparing cheaper car insurance for 20 year old women. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than higher performance models.

The next table shows coverage rates for some of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Las Vegas, NV
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $5,512
Honda CR-V LX 4WD $5,517
Hyundai Elantra GLS Touring Station Wagon $5,512
Toyota Prius $6,029
Ford Explorer XLT 2WD $6,176
Chevrolet Impala LS $6,452
Honda Odyssey EX $6,458
Ford Focus SE 4-Dr Sedan $6,452
Dodge Grand Caravan Hero $6,531
Jeep Grand Cherokee Laredo 2WD $6,537
Volkswagen Jetta S 4-Dr Sedan $6,531
Nissan Altima 2.5 4-Dr Sedan $6,540
Toyota RAV4 Limited 4WD $6,531
Toyota Camry LE $6,540
Chevrolet Malibu LT $6,614
Ford F-150 FX4 4WD $6,621
Toyota Tacoma Double Cab TRD Sport Package 4WD $6,614
Honda Civic EX 4-Dr Sedan $6,804
Ford Edge Sport AWD $6,883
Toyota Corolla S $6,889
Chevrolet Equinox LTZ 2WD $6,966
GMC Sierra SLT Crew Cab 2WD $6,974
Ford Fusion SEL 4-Dr Sedan $6,966
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Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in specific garaging location which can decrease or increase coverage prices significantly.

Looking at the data, we can assume that vehicles like the Ford Escape, Honda CR-V, and Hyundai Elantra should be the cheapest vehicles to insure for young women. Rates will tend to be more expensive because of the fact that there is more claim risk for 20 year old women, but overall those models will tend to have the best insurance prices possible.

Liability rates compared to full coverage

Finding the cheapest car insurance is important to most vehicle owners, and one of the best ways to reduce the cost of insurance for 20 year old women is to only buy liability coverage. The information below illustrates the comparison of auto insurance rates with full coverage and liability only. The information is based on no violations or claims, $100 deductibles, marital status is single, and no other discounts are factored in.

As an average for all age groups, physical damage insurance costs $2,368 per year more than just buying liability insurance. That brings up the question if you should buy full coverage. There is no definitive formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

There are a few situations where removing full coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Cautious drivers save money

A great way to find the most affordable car insurance prices for young women is to drive attentively and maintain a clean driving record. The information below demonstrates how citations and at-fault claims can impact insurance costs for different ages of insureds. The data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.

The data in the chart shows the average cost of auto insurance in Las Vegas per year with a clean driving record and no accidents is $1,728. Receive two speeding tickets and the average cost increases to $2,275, an increase of $547 each year. Next add one accident along with the two speeding tickets and the 12-month cost of car insurance for 20 year old women increases to an average of $2,841. That’s an increase of $1,113, or $93 per month, just for not paying attention while driving!

Why you should be comparing rates

Las Vegas car insurance rates are influenced by many factors that control the price of your policy. Simply having a birthday, buying a different home, or getting a reckless driving citation may prompt premium changes that can now make some companies more affordable than competitors. Not only that, but insurance companies change premium rates as often as every three months to reflect underwriting profits or losses. Unexpectedly high claims can result in increased rates, while better underwriting may cause cheaper Las Vegas car insurance rates.

As an example, the graph below shows a variety of companies that have the cheapest car insurance in Las Vegas, NV for a 40-year-old male driver with a clear driving record, no claims, and good financial standing. If we estimate prices based on his personal risk profile, Travelers may offer the cheapest car insurance rates in Las Vegas at $1,670 per year. This is $96 more than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are also on the list of the cheapest Las Vegas, NV auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a chargeable accident, a little lower credit rating, and a few traffic violations. Since each company has a proprietary method to establish rates, comparing quotes could result in a completely different list of the cheapest companies as shown below.

GEICO now has the best insurance rate in Las Vegas, NV with Nationwide, USAA, Safeco, and Allied also being competitive. This example illustrates why it is critical to compare as many rates as possible to get the cheapest car insurance quotes for 20 year old women. Car insurance prices are made up of many factors and can change substantially, so the cheapest rate two years ago may now not even be in the top five.