Cheapest car insurance in Nevada for 2023

The cheapest car insurance companies in Nevada

Finding cheap car insurance in Nevada may take a bit of research, considering the state’s high average premiums. The average annual cost of full coverage in the state is $2,779, while the average annual cost of minimum coverage is $973. Fortunately, when comparing rates, the insurance editorial team found companies with average rates below these figures. When searching for affordable car insurance in Nevada, you may want to start by getting quotes from Geico or Country Financial.

Cheapest company for minimum coverage

Cheapest company for full coverage

Cheapest company for adding a teen driver

Cheapest company for getting a speeding ticket

Cheapest company for being in an at-fault accident

Cheapest company after a high-risk incident

The cheapest car insurance companies in Nevada by coverage level 

There are several levels of coverage you can purchase when you buy car insurance. The state's minimum coverage is generally the lowest-priced insurance, and it's what you need to buy in order to be on the road legally. That minimum coverage is liability insurance — it covers the other car, its driver and its passengers if you cause an accident that results in damage or injuries. Many insurance experts recommend you purchase full coverage to give you more financial protection in the event of an accident or other covered incident. Below are the companies writing the best cheap insurance in Nevada for both minimum and full coverage:

Cheapest cities in Nevada for car insurance 

In Nevada, your ZIP code plays a role in determining the rate you will pay for your car insurance. If you live in an area where car theft is common, for example, you may pay more because of the increased risk to your insurer that you will file a claim for your stolen car. Urban areas where congestion — and accidents — happen more frequently also generally see higher rates. Below are the cheapest average cities for full and minimum coverage in Nevada.

Getting a speeding ticket

Getting into an at-fault accident

Being deemed a high-risk driver

Minimum coverage requirements for Nevada drivers

Nevada drivers, like drivers in most other states, are required to maintain a minimum amount of liability car insurance. That minimum coverage includes the following:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $20,000 property damage

Minimum coverage is often the cheapest car insurance option, but most insurance professionals recommend that you purchase higher liability limits for added protection. If you cause an accident, you are responsible for paying for the injuries and damages that you cause. If your insurance limits are insufficient, you may be left paying those bills out of pocket.

Additionally, minimum coverage does not include comprehensive or collision coverage, which provide coverage for your own vehicle. If you have a loan or lease on your vehicle, your lender will likely require you to carry these coverage types, also known as full coverage. 

How to get the cheapest car insurance in Nevada

Although the average cost of Nevada car insurance is higher than the national average, there may be steps you can take to find more affordable rates. If you are searching for cheap car insurance in Nevada, you might want to:

Shop around and compare quotes 

Every company rates its policies differently, meaning the cheapest company for one person may not be the cheapest for you. Getting quotes from several companies for the same coverage might help you find a lower premium.

Work on your credit score 

Your credit score can impact your car insurance premium in Nevada. Drivers with low credit tend to file more claims than drivers with higher scores. To make up for this risk, insurance companies typically charge them higher premiums. Improving your credit score may help you to lower your car insurance premium.

Maintain a clean driving record

Speeding tickets, at-fault accidents and other violations may all indicate to your insurer that you engage in risky behavior behind the wheel. It typically compensates for this by charging you a higher rate. Maintaining a clean driving record may help you avoid surcharges associated with tickets and accidents.

Car insurance discounts in Nevada

If you are wondering how to save on car insurance in Nevada, you may want to consider discounts. Most insurers offer at least a handful of discounts, and they might be easy to qualify for. These are a few of the more common ones that you may see with carriers in Nevada:

• Young driver discounts: These take several forms. Young drivers still in school can often save by maintaining a "B" or better GPA. They may also earn discounts for taking a safe driving course or participating in a telematics program.
• Safe driver discounts: There may be several ways to save if you are a safe driver. Telematics programs, which monitor your driving skills in real time, are designed to reward good driving with a premium discount. You may also earn a discount if you do not file any claims for a set period of time.
• Other discounts: Discounts may vary greatly in their requirements and potential savings. Discounts for bundling your auto insurance with home or renters are common. Some insurers offer discounts to members of certain professions, such as teachers and first responders, and many offer savings to members of the military and veterans. You might also save if your car has safety features, such as anti-lock brakes.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually. 

These are sample rates and should only be used for comparative purposes. 

Bankrate Scores

Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 

Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.