Best car insurance in Nevada for 2023

How Bankrate chose the best car insurance companies in Nevada

The sheer number of available insurance carriers in Nevada can be overwhelming, but Bankrate’s editorial team researched dozens of them to help you find the very best. We compared average rates, coverage options and discount opportunities from each carrier, then studied metrics like customer satisfaction rankings, financial strength ratings, mobile app accessibility and more.

From there, each company was assigned a Bankrate Score based on performance in each category. The better it performed, the higher its overall Bankrate Score, for a maximum score of 5.0 out of 5.0. The Bankrate Score may be used as a way to quickly compare carriers, and gauge whether one could be a good fit for you.

Best car insurance companies in Nevada

Options for car insurance are plentiful in Nevada, which may make the market feel overwhelming. In an effort to make buying the coverage you need as easy as possible, we compared up-to-date quoted premiums from dozens of Nevada insurers, provided by Quadrant Information Services, and compared those rates to the state average of $2,426 per year for full coverage and $846 per year for minimum coverage.

We then went a level deeper and assessed each company’s policy offerings, including standout features, coverages and discounts to ensure we provide quality options worth considering.

Finally, we used the 2022 J.D. Power U.S. Auto Insurance Study scores to gauge customer satisfaction, which we included in our cumulative Bankrate Score to rank companies according to overall market performance. Based on this research, the top three carriers in Nevada were Geico, Progressive and State Farm. Below is the full list of companies that stood out as the best car insurance in Nevada:

Geico

With one of the highest Bankrate Scores of the providers on our list, Geico may be a good choice if you're looking for a balance in terms of cost of coverage, financial strength and customer satisfaction. Although coverage options are limited with only a few add-ons available, such as mechanical breakdown insurance, policies have many potential options for savings. With up to 16 total discounts, drivers could save through options like bundling, insuring a new vehicle or having group affiliations.

Learn more: Geico Insurance review

Progressive

Progressive car insurance could be ideal for drivers who want an efficient digital experience when it comes to managing their policy. Drivers can use the company’s mobile app and online portal to view policy details and coverage, as well as file claims. Optional coverage like rental car reimbursement, custom parts and equipment coverage and ridesharing coverage is also available. Progressive does have a relatively low 2022 J.D. Power Score, which indicates that policyholders may not be happy with its customer service.

Learn more: Progressive Insurance review

State Farm

With agents in 10 different Nevada cities, State Farm could be a great option for drivers who prefer to consult with a local agent for their insurance needs. However, there are equally convenient options for drivers seeking a modern insurance experience as well. State Farm’s highly rated mobile app enables quick policy management and claims filing. With one of the highest Bankrate Scores and J.D. Power scores on our list, the insurer may be both a popular and reliable option for Nevada motorists.

Learn more: State Farm Insurance review

Mercury

Drivers who prefer working with a local agent may want to consider Mercury, which has a network of over 9,400 agents in 11 states. Eligible Mercury drivers can also participate in RealDrive, which is tailored for low-mileage drivers, and MercuryGo, which could reward drivers for safe driving habits. Unlike other carriers on this list, Mercury’s average car insurance rates are fairly expensive, which could be out-of-budget for some drivers.

Learn more: Mercury Insurance review

Country Financial

Country Financial offers some unique potential car insurance discounts to drivers who want extra savings. Common discounts are available, like the occupation and legacy discount, but Country Financial also offers the engaged couple discount for couples getting married within the next year and the legacy discount for licensed drivers in the household under the age of 25. A drawback for drivers who want mobile app accessibility is that Country Financial’s mobile app is rated lower than its competitors.

Learn more: Country Financial Insurance review

Average car insurance cost in Nevada

The average cost of car insurance in Nevada is far higher than it is for the majority of the country. While the average cost of car insurance in the U.S. is $1,771 per year for full coverage, the average premium in Nevada is $2,246 for full coverage each year. This is more than both Arizona and California, where drivers pay an average of $1,743 and $2,190 per year for full coverage, respectively. Some of this difference could come from the expense of repairing and maintaining a car in each state, as well as their accident, moving violation and car vandalism rates.

How to find the best car insurance in Nevada

Taking some time to understand what you need most from your car insurance company could help guide your search towards the best auto insurance in Nevada. Here’s some tips that may prove useful to figuring out what’s most important to you.

Consider minimum insurance requirements in Nevada

Nevada’s car insurance laws require drivers to carry a minimum amount of liability coverage in their car insurance policy. In Nevada, drivers must have a set amount of bodily injury liability per person and accident, as well as property damage liability. Carrying only this coverage may result in cheap car insurance, but could leave drivers financially exposed after an accident. For enhanced protection, many insurance professionals suggest including additional coverage if you can afford to.

Consider lender requirements

If you have a loan or lien on your car, you may be required by your financial institution to have comprehensive and collision coverage on your vehicle. This is to ensure your car will be financially protected in the event of a covered accident. You could also consider gap coverage, which is intended to cover the “gap” between how much you owe on your car and its current cash value. Keep in mind that these additional coverage will likely be an extra charge to your premium.

Consider your individual needs

Understanding how you use your car could help you decide which car insurance carrier to go with and what you need included in your policy. If you don’t drive often, for example, having a low-mileage car insurance policy could be more suited to your needs and budget. If you have a teen driver in the family, you might consider increasing your liability coverage, as well as adding qualifying discounts to the policy to help save money.

Car insurance discounts in Nevada

Nevada drivers typically have several options available to them to help lower the cost of car insurance. While exact options and discount percentages may vary based on provider, the most common include:

• Young driver discounts: Teen drivers who’ve just earned their license are one of the most expensive age groups to insure. To combat this, many insurance companies offer discounts for young drivers, like a good student discount for high GPAs and a student-away-from-home discount for college students who don’t bring a car to school.
• Safe driver discounts: Staying accident-free is one of the best financial advantages a driver can have when it comes to their car insurance. By driving safely, drivers may earn a good driving discount, and may even be able to use telematics programs for extra savings.
• Other discounts: Each car insurance company offers a unique list of car insurance discounts to help drivers reduce their premium. Other opportunities could include occupation or professional organization discounts, military discounts, low mileage discounts and more.

Not all insurance companies offer the same number of discounts or even set discounts at the same percentage of savings. However, discounts for bundling different policies are generally offered by all insurers and could include the most impactful savings, especially home and auto bundles. If you’re thinking about switching carriers, it may be worth speaking with a company agent before purchasing a policy to see which discounts you qualify for and just how much you could save by applying them.

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