How much is insurance in Las Vegas Nevada?
How much is car insurance in Las Vegas? The average price of car insurance in Las Vegas is $132 per month for minimum coverage and $278 per month for full coverage.
How much does car insurance cost in Las Vegas? Our data shows a minimum coverage auto insurance policy in Las Vegas costs $143 per month or $1,714 per year on average. If you want full coverage, you'll pay an average of $291 per month or $3,494 per year.
| Cheapest Full Coverage Insurance: Nevada | Estimated Monthly Cost | Estimated Annual Cost |
|---|---|---|
| State Farm | $115 | $1,376 |
| Geico | $135 | $1,624 |
| USAA | $136 | $1,633 |
| Travelers | $153 | $1,832 |
No, car insurance in Nevada is not cheaper than in California. California car insurance rates are an average of $664 per year cheaper than Nevada, in part because California has lower minimum coverage requirements.
The average cost of car insurance in Las Vegas per year is $2,840 for full coverage and $1,001 for minimum coverage. For comparison, the national annual average cost of full coverage is $2,014.
State Farm and Geico emerge offer the cheapest car insurance in Nevada, with an average monthly premium of about $103. While State Farm and Geico have attractive average premiums, your personal information, such as age and driving history, can significantly influence how much you pay.
Location and driving patterns.
Population-dense cities have higher premiums than rural areas because city living usually means more accidents, more property crime, and more frequent claims. In Nevada, the most expensive locations for insurance are North Las Vegas, Sunrise Manor, and Las Vegas.
Is it expensive to live in Las Vegas? Many day-to-day expenses in Las Vegas are pricier than the U.S. average, including gas, car insurance, food and housing costs. However, Sin City is still more affordable than other nearby cities in the Western region, such as Los Angeles, San Diego and San Francisco.
Nevada requires that automobile liability insurance policies carry minimum coverage of $25,000 for bodily injury or death of one person in any one accident; $50,000 for bodily injury or death of two or more persons in any one accident; and $20,000 for injury to or destruction of property of others in any one accident.
Auto insurance is a product that provides financial protection for cars, trucks, motorcycles, and other road vehicles from loss, physical damage and/or bodily injury liability resulting from traffic collision, theft or other losses. By law, all drivers in Nevada must purchase auto insurance.
What is the best insurance to have in Nevada?
| Insurance company | Bankrate Score | Average min coverage rate |
|---|---|---|
| Geico | 4.4 Rating: 4.4 stars out of 5 | $347 |
| Progressive | 4.4 Rating: 4.4 stars out of 5 | $567 |
| State Farm | 4.3 Rating: 4.3 stars out of 5 | $881 |
| USAA | 4.2 Rating: 4.2 stars out of 5 | $619 |
The average price of car insurance in Nevada is $114 per month for minimum coverage. A full coverage policy costs around $247 per month.
Nationwide has the cheapest auto insurance rates for full coverage in the United States. However, the provider has limited availability across the country, so we recommend comparing multiple companies for vehicle coverage. For minimum coverage, Geico offers the cheapest car insurance rates.
Drivers in Las Vegas pay an average of $3,896 per year for car insurance, but you might find cheaper coverage if you shop around.
The national average cost for car insurance is $2,118 per year, according to Forbes Advisor's analysis of full coverage car insurance rates. New York is the most expensive state for car insurance, and Idaho is the cheapest.
For a first offense, you can expect:
A $250-1000 fine, depending on how long you have been without insurance. A $250 fee get your plates back. Your vehicle possibly being impounded. Suspension of registration until you pay the reinstatement fee.
Meanwhile, the average cost of full coverage car insurance in Nevada is $2,603 per year, or about $217 per month. Minimum coverage in Nevada is $944 per year on average, but we found you can likely get a cheaper policy.
Full coverage insurance means the policy provides compensation for any type of loss that could occur. Full coverage car insurance covers damage when you're at fault for the accident and when the other driver is at fault. In addition, you're covered for damage that occurs but is not related to a car accident.
Las Vegas car insurance rates by company
Our 2024 data states that the cheapest car insurance company for full coverage in Las Vegas is Capital Insurance Group. The average rate is $99 per month or $593 for a six-month policy. The second cheapest is GEICO $119 per month or $714 for a six-month policy.
If you're caught driving without insurance for up to 90 days, you'll pay a $500 fine. That climbs to $750 if the lapse is 91–180 days and $1,000 beyond 180 days. Your reinstatement fee will jump again, this time to $750.
What type of vehicle has cheapest insurance?
Vehicle Factors That Affect Car Insurance Rates
Some new cars receive lower premiums due to added safety features, though this is often balanced out by higher repair costs. Type of vehicle: Small SUVs and minivans generally receive lower auto insurance rates, while sedans and large SUVs cost more to insure.
According to the Las Vegas Review-Journal [6], Nevada has witnessed an increase in traffic accidents, particularly in urban areas like Las Vegas. Additionally, parts shortages and labor constraints within the repair industry are impacting repair times and costs in the state, further pressuring insurance companies.
Many in the Las Vegas Valley have seen their car insurance rates increase in recent months. Many in the Las Vegas Valley have seen their car insurance rates increase in recent months.
Nevada is an expensive state for car insurance. The average cost of car insurance per month in Nevada is $81 per month for minimum coverage and $232 per month for full coverage.
The report found that in order to “live in sustainable comfort” in Las Vegas, a single adult would need to make $94,432 annually or $45.40 per hour. For two working adults with two children in Las Vegas, SmartAsset said the pair would need to make a combined $239,366 annually in order to live comfortably.
