What is the cheapest liability only insurance in Nevada?
| Cheapest Full Coverage Insurance: Nevada | Estimated Monthly Cost | Estimated Annual Cost |
|---|---|---|
| USAA | $136 | $1,633 |
| Travelers | $153 | $1,832 |
| Progressive | $193 | $2,321 |
| American Family Insurance | $241 | $2,887 |
The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.
| 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 |
Nevada's average full coverage car insurance rate is $1,534 per year, or $128 monthly, making it the 47th most affordable state out of 50. Nevada insurance is expensive compared to the national yearly average of $1,054.
Population growth: More people are moving to Nevada and driving on the roads which in turn can increase the number of collisions and insurance claims. Overall Nevada's population has increased by over 73,000 people from 2020 to 2022, according to the U.S. Census Bureau.
Both Geico and Progressive offer cheap car insurance to drivers across the country. Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record.
Comparing Allstate vs. Geico, we found that Geico offers cheaper auto insurance on average. We gave Geico 9.1 out of 10.0 points in the cost category in our industry-wide insurance review, while Allstate earned 7.4 points.
Geico and USAA are among the insurance companies that are cheaper than Allstate.
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.
What types of insurance are not recommended?
- Private Mortgage Insurance. ...
- Extended Warranties. ...
- Automobile Collision Insurance. ...
- Rental Car Insurance. ...
- Car Rental Damage Insurance. ...
- Flight Insurance. ...
- Water Line Coverage. ...
- Life Insurance for Children.
Driving without car insurance in Nevada is considered a misdemeanor. If caught without it, you'll have to pay a fine ranging from $250 to $1,000, along with a license reinstatement fee of up to $750.
Unfortunately, Nevada drivers are experiencing a double whammy when it comes to car insurance hikes in 2024. While the national factors mentioned above are impacting all states to some degree, Nevada has emerged as one of the areas facing some of the highest car insurance increases in the country.
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.
In Nevada, you can expect to pay approximately $5,119 per year for full coverage car insurance or $1,955 per year for minimum coverage. Car insurance in Nevada is more expensive than the national average, which is around $2,000 annually for full coverage and about $700 per year for minimum coverage.
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.
If you're a driver in Las Vegas, you've likely noticed an increase in your auto insurance bill — a trend that's unlikely to change in 2024, experts say. In the years since the COVID-19 pandemic, as inflation rose and more people returned to the roads, the cost of insurance skyrocketed, especially in Nevada.
Analyses of 2021 data by the United Health Foundation indicate that Nevada's uninsured rate has dropped to 11.6 percent. Reporting from the nonpartisan Guinn Center notes that the majority of uninsured people consist of young adults, Latinos, less educated people and lower-income individuals.
Nevada car insurance rates by city
Congested cities also tend to have higher rates of vehicle theft, which in turn creates higher premiums. For instance, average car insurance costs in North Las Vegas are higher than those in Henderson.
Yes, car insurance in Washington is cheaper than in Nevada. Washington car insurance rates are an average of $403 per year cheaper than Nevada, in part because Washington has lower minimum coverage requirements.
Why is insurance cheaper for older cars?
As your car ages, it becomes cheaper to replace in the case of a total loss, so you may not need those optional coverages. Compare your car's depreciated value to the combined cost of the deductible and comprehensive and collision coverage to determine if it makes sense to drop these coverages.
Bottom line: Geico has cheaper insurance overall, but Liberty Mutual offers more discounts that could make its premiums more competitive. Rating image, 4.50 out of 5 stars. 4.50/5. Our ratings are based on a 5 star scale.
Overall, Progressive has cheaper average car insurance rates than Allstate. The average national cost for full-coverage auto insurance at Progressive is $1,611 per year, while Allstate is $2,088 per year. However, with its long list of discounts, Allstate can be a cheaper option for some drivers.
- Install Safety and Security Devices.
- Dig for Discounts.
- Combine and Consolidate Policies.
- Opt for a Higher Deductible.
State Farm is currently the largest auto insurer in the U.S. according to the National Association of Insurance Commissioners (NAIC), closely followed by Geico.
