Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Cheapest car insurance in Nevada for 2023
Despite the state's high average premiums, Geico, Country Financial and USAA offer the cheapest average rates in Nevada.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
What To Know First
Nevada drivers pay an average of $973 for minimum coverage and $2,779 for full coverage, which includes collision and comprehensive insurance. This is far above the national averages of $622 for minimum coverage and $2,014 for full coverage. However, Silver State drivers may be able to lower their costs. Our insurance editorial team reviewed average rate data and found that Geico, Country Financial and USAA offer the lowest rates for many common driver profiles.
- Cheapest company for minimum coverage: Geico
- Cheapest company for full coverage: Geico
- Cheapest company for adding a teen driver: Geico
- Cheapest company for getting a speeding ticket: Geico
- Cheapest company for being in an at-fault accident: Geico
- Cheapest company after a high-risk incident: Country Financial
On This Page
- The cheapest car insurance companies in Nevada
- The cheapest car insurance companies in Nevada by coverage level
- Cheapest cities in Nevada for car insurance
- Factors that impact cheap rates in Nevada
- Minimum coverage requirements for Nevada drivers
- How to get the cheapest car insurance in Nevada
- Car insurance discounts in Nevada
- Frequently asked questions
- Methodology
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
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Geico | $33 | $392 |
Cheapest company for full coverage
Company | Average monthly full coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $101 | $1,215 |
Cheapest company for adding a teen driver
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Geico | $81 | $971 |
Cheapest company for getting a speeding ticket
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Geico | $38 | $458 |
Cheapest company for being in an at-fault accident
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Geico | $53 | $639 |
Cheapest company after a high-risk incident
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Country Financial | $65 | $782 |
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:
Insurance company | Average monthly minimum coverage premium | Average annual minimum coverage premium | Annual savings vs. State average* |
---|---|---|---|
Geico
4.4
Bankrate Score
|
Average monthly minimum coverage premium
$33
|
Average annual minimum coverage premium
$392
|
Annual savings vs. State average*
- $581 |
Country Financial
4.0
Bankrate Score
|
Average monthly minimum coverage premium
$36
|
Average annual minimum coverage premium
$432
|
Annual savings vs. State average*
- $541 |
Progressive
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$53
|
Average annual minimum coverage premium
$638
|
Annual savings vs. State average*
- $335 |
USAA
4.3
Bankrate Score
|
Average monthly minimum coverage premium
$55
|
Average annual minimum coverage premium
$663
|
Annual savings vs. State average*
- $310 |
State Farm
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$57
|
Average annual minimum coverage premium
$684
|
Annual savings vs. State average*
- $289 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with minimum coverage for 2023
Insurance company | Average monthly full coverage premium | Average annual full coverage premium | Annual savings vs. State average* |
---|---|---|---|
Geico
4.4
Bankrate Score
|
Average monthly full coverage premium
$101
|
Average annual full coverage premium
$1,215
|
Annual savings vs. State average*
- $1,564 |
Country Financial
4.0
Bankrate Score
|
Average monthly full coverage premium
$142
|
Average annual full coverage premium
$1,709
|
Annual savings vs. State average*
- $1,070 |
USAA
4.3
Bankrate Score
|
Average monthly full coverage premium
$155
|
Average annual full coverage premium
$1,854
|
Annual savings vs. State average*
- $925 |
Progressive
4.2
Bankrate Score
|
Average monthly full coverage premium
$159
|
Average annual full coverage premium
$1,913
|
Annual savings vs. State average*
- $866 |
Mercury
3.2
Bankrate Score
|
Average monthly full coverage premium
$169
|
Average annual full coverage premium
$2,030
|
Annual savings vs. State average*
- $749 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with full coverage for 2023
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.
City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
---|---|---|---|
Blue Diamond | $817 | Geico | $317 |
Sloan | $842 | Geico | $317 |
Henderson | $892 | Geico | $366 |
North Las Vegas | $982 | Geico | $406 |
City | City average annual full coverage premium | Cheapest car insurance company | Company average annual full coverage premium |
---|---|---|---|
Blue Diamond | $2,438 | Geico | $1,024 |
Sloan | $2,449 | Geico | $1,024 |
Henderson | $2,571 | Geico | $1,129 |
North Las Vegas | $2,827 | Geico | $1,260 |
Factors that impact cheap rates in Nevada
Many factors that impact your car insurance rates in Nevada are out of your control. While you cannot change your age, and you may not be easily able to change your vehicle type or ZIP code, there are other factors that are within your control. Your driving record is one of the biggest. Below you can see some common rate-impacting scenarios and which companies offer the lowest average premiums for these situations.
Insuring a teen driver
New drivers have less experience behind the wheel and are more likely to be involved in car accidents. That increased risk typically leads insurance companies to charge more to insure them, even when they're insured on their parents' policy. If you're looking for cheap car insurance for your teen driver, you might start with quotes from these companies:
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $971 | $2,610 |
Country Financial | $1,048 | $2,988 |
Kemper | $1,138 | $3,715 |
Allstate | $1,612 | $5,416 |
State Farm | $1,671 | $4,147 |
Getting a speeding ticket
Insurance companies typically see speeding as an indication of risky driving habits and may increase rates accordingly. Although each insurance company is different, a single ticket can be enough to raise your rates in some cases. Looking at average premium data, we found that these companies offer the lowest average rates for drivers with a single speeding ticket conviction:
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $458 | $1,451 |
Country Financial | $554 | $1,992 |
USAA | $774 | $2,175 |
State Farm | $795 | $2,520 |
Progressive | $900 | $2,621 |
Getting into an at-fault accident
Accident forgiveness coverage may keep your rates from increasing after a crash, but if you do not have this coverage in place, you will likely see a premium increase following an accident, even if you're not deemed at fault. The amount your premium could increase will vary, depending on your insurer and your own circumstances. If you are looking for Nevada car insurance savings after you've been involved in an at-fault accident, you might consider these five carriers:
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $639 | $1,933 |
Country Financial | $652 | $2,099 |
State Farm | $899 | $2,735 |
USAA | $934 | $2,593 |
Progressive | $1,146 | $3,247 |
Being deemed a high-risk driver
Every insurance company has its own definition for what makes a high-risk driver, but you may find yourself in this category if you have a DUI, multiple speeding tickets or multiple accidents on your record. If you are a high-risk driver, you may find it more difficult to find insurance, and your rates are likely to be high. Some companies will not sell policies to high-risk drivers, so you may need to shop around to find the best option for your situation.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Country Financial | $782 | $2,442 |
Progressive | $892 | $2,721 |
Geico | $1,103 | $3,055 |
Mercury | $1,210 | $3,529 |
State Farm | $1,226 | $3,421 |
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.