Spring Valley, Nevada is located right outside Las Vegas. Residents in Spring Valley can expect to pay higher auto insurance costs since a full coverage policy averages $2,977, which is even higher than the Nevada state average of $2,246. Even the average minimum coverage in Spring Valley comes in at $1,244 annually, making the hunt for the best cheap car insurance even more critical.
To find the best cheap car insurance in Spring Valley, Nevada, we compared numerous providers. We did not just look at rates but also evaluated other features such as customer service ratings, financial strength, coverage options and discounts available.
Best car insurance companies in Spring Valley
The best car insurance companies in Spring Valley offer more than affordable rates — you can also find coverage options tailored to your driving needs, plus digital assets for on-the-go policy management.
|Insurance company||J.D. Power auto insurance satisfaction Southwest region||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||834 / 1,000||$551||$1,403|
|Progressive||803 / 1,000||$716||$1,986|
|Nationwide||786 / 1,000||$804||$2,146|
Geico has sold auto insurance for over 75 years and is known for affordable rates. From its humble beginnings offering insurance to federal employees, it has grown to become the second-largest provider of insurance in the U.S. Geico provides numerous discounts and maintains strong customer service ratings with one of the highest scores in the Southwest for the 2020 J.D. Power auto insurance satisfaction survey.
Like Geico, Progressive has a long history of providing auto insurance to fit almost any budget. Although it does not score the highest among the carriers surveyed by J.D. Power, one of the best attributes of Progressive is the vast array of discounts available. Options for reduced premiums range from multi-policy savings to paying your policy upfront in full to the popular Snapshot telematics program.
Nationwide also offers a variety of discounts for added savings, but policy customization options are abundant too. If you are looking for specialty coverages, such as a vanishing deductible, roadside assistance and towing and labor expense, then Nationwide has you covered.
Country Financial is a regional provider with many of the same offerings as the big national carriers. In addition to the standard coverages, Country Financial offers specialty options too, such as personal effects coverage if you have less than $800 of property stolen from your car. There is also safety glass coverage, replacing or repairing windshields and headlights if they are damaged without using your comprehensive coverage deductible.
Cheapest car insurance in Spring Valley
The average cost of car insurance in Spring Valley is $1,244 per year for minimum coverage. For a full coverage policy, the annual average is $2,977. Overall, residents in Nevada pay an average of $2,246 for full coverage, which is well above the national average of $1,674 per year.
Bankrate reviewed several carriers and found Geico, Progressive, Nationwide, USAA and State Farm offered competitive rates plus other positive features. All five carriers are rated with a Superior A+ rating or higher with AM Best, indicating excellent financial strength. All five carriers also offer a variety of policy management options too, such as websites, mobile apps, an agency network and 24/7 customer service.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Spring Valley insurance requirements
Like most states, auto insurance is legally required in Nevada, including 25/50/20 of liability coverage:
- Bodily injury $25,000 per person
- Bodily injury $50,000 per accident
- Property damage $20,000 per accident
While purchasing the minimum will satisfy legal requirements, adding additional coverage to your policy gives you greater financial protection. For instance, adding uninsured motorist protection helps pay your medical expenses and lost wages should you be involved in an accident with someone who does not have insurance. If you lease or have a car loan, you will be required to purchase full coverage insurance to protect the lender or lessee’s asset.
Car insurance discounts in Spring Valley
If you are looking to save on your car insurance in Spring Valley, then taking advantage of discounts is a simple way to pay less. There are multiple available discounts for residents of Spring Valley, including:
- Policy bundling: If you purchase your policy from the same carrier you also purchase your homeowners or renters insurance from, most carriers will reward your loyalty with a discount on your premium.
- Safety equipment: If your vehicle is equipped with additional safety features, such as airbags and anti-lock brakes, many carriers offer a discount on your premium.
- New car: If your vehicle is considered new, generally 12 months old or less, carriers offer a discount for insuring newer vehicles.
- Paid-in-full: If you pay your entire premium for the upcoming policy period upfront instead of installments, most carriers reduce your premium.
Frequently asked questions
What is the best car insurance company?
Choosing the best car insurance company in Spring Valley means researching several carriers to determine customer service ratings, financial strength and coverage options available. It is a good idea to get quotes from as many companies as possible before purchasing your policy.
How much does car insurance in Spring Valley cost?
The average cost of car insurance in Spring Valley is $1,244 per year for minimum coverage and $2,977 annually for a full coverage policy. However, it is important to keep in mind your exact quotes depend on several factors, including zip code, vehicle, driving history and age. Your actual rates will vary.
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 sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.