Drivers with multiple tickets, at-fault accidents or a DUI may have a difficult time finding low rates for car insurance. In addition, reckless or high-risk driving in Nevada could lead to your license being suspended, restricted or revoked. Nevada high-risk auto insurance is an alternative coverage when your traditional vehicle insurance is no longer available or affordable.
High-risk car insurance rates in Nevada
The cost of your Nevada vehicle insurance depends on your driving record, vehicle and level of coverage, among other things. Nevada high-risk auto insurance is often more expensive than traditional coverage. Each insurance carrier has its own threshold of risk when pricing your vehicle insurance. One carrier may provide affordable insurance for a driver with speeding tickets but increase premiums sharply after an accident or claim, and vice versa.
Rates after a speeding ticket
Depending on the carrier, speeding tickets could increase your car insurance rates by a lot or just a little. There is no formula to determine which insurance company will be cheaper after a speeding ticket. However, Bankrate’s analysis found Geico, Progressive and USAA to be the most affordable carriers on average.
|Car insurance company||Nevada average annual premium for full coverage before a speeding ticket||Nevada average annual premium for full coverage after a speeding ticket||% difference|
Rates after an accident
In Nevada, being held responsible for a car accident will typically increase your premiums more than a speeding ticket. However, high-risk auto insurance rates in Nevada after an accident vary immensely from one insurance company to another.
|Car insurance company||Nevada average annual premium for full coverage before an accident||Nevada average annual premium for full coverage after an accident||% difference|
Geico car insurance may start out as the cheapest coverage for safe drivers, but a single accident could increase your premiums 59%. Still, the company has the cheapest premiums on our list after an accident. Meanwhile, Progressive’s rates increase 65% after an accident, making it the most expensive car insurance for drivers after a car accident on our list. In comparison, USAA’s rates increase just 29% after an accident. It is worth noting that USAA is only available to qualifying military and their families.
Rates after a DUI
Driving under the influence may be the most dangerous risk a driver could take both financially and in terms of safety. And that risk is usually reflected in significantly higher car insurance rates. Consider that, with Geico, one of the cheapest auto insurance companies on the market, your premium could increase 155% after a DUI conviction.
Here’s how getting a DUI in Nevada can impact auto insurance rates.
|Car insurance company||Nevada average annual premium for full coverage before a DUI||Nevada average annual premium for full coverage after a DUI||% difference|
Drivers convicted of a DUI in Nevada will also need to ask their insurance company to file a certificate of financial responsibility (SR-22) with the DMV to drive legally.
Rates for teen drivers
Car insurance premiums for parents who add their teen kids to their car insurance policies in Nevada are higher than average, with Progressive clocking in with a sky-high average annual full coverage premium of $5,005.
|Car insurance company||Average annual premium for full coverage|
*16-year-old on their parent’s policy
Getting quotes from multiple carriers is the best way to find the most affordable car insurance. You may also want to look for all available discounts to keep your premium affordable.
Who is a high-risk driver?
High-risk drivers come in all ages and experience levels. Insurance companies consider drivers with a DUI conviction or more than one accident or moving violation high-risk.
Many states may suspend or revoke your license after accumulating six points, but Nevada is relatively generous and won’t revoke your license until you’ve accumulated 12 points in one year. While a speeding ticket will only get you one point in Nevada, a conviction for reckless driving could get you eight points.
How to lower your rate if you’re a high-risk driver
High-risk drivers have limited carrier options and higher premiums. One way to offset the limited options is by finding ways to decrease the cost of coverage:
- Compare multiple carriers to find the cheapest coverage based on your current needs.
- Apply as many discounts as possible. Some examples are accident forgiveness and multi-line discounts, as well as discounts for low-mileage drivers and student drivers.
- Increase your deductible to the highest amount you can afford.
Saving as little as five to 10 percent on your car insurance could translate to hundreds of dollars over time.
Frequently asked questions
What is an SR-22?
An SR-22 is a certificate of financial responsibility that confirms you have the minimum amount of car insurance required to drive. It’s a form filed by your insurance company with the DMV on your behalf. Typically, if you are required to file an SR-22 following a driving offense, you will need to do so for three years.
Do I need extra auto insurance if I’m a high-risk driver?
All Nevada drivers are required to have liability insurance with minimums of $25,000 in bodily injury and death per person, $50,000 total per accident and $20,000 in property damage. While you won’t be required to purchase more auto insurance coverage than that by the state, you may want to speak with a licensed agent about how much insurance you need to protect yourself financially, especially if you have incidents on your driving record.
How many points do I get in Nevada if I cause an accident?
Nevada does not assign points to drivers for causing a car accident per se, but you may be assigned points on your license for the behaviors that led you to cause the car accident. For instance, following too closely will get you four points, while failure to yield right-of-way will also get you four points. Careless driving can get you six points, and reckless driving can get you eight points.
It’s worth noting again that the Nevada DMV will automatically suspend your license for six months once you have 12 points on your record, so if you get convicted of a combination of offenses while causing an accident, you could potentially face driver’s license suspension.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 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.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.