The vehicle model to be insured is one of the biggest factors when shopping around for the most affordable auto insurance for 16 year olds. Vehicles with higher performance, poor safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models.
The next table presents insurance prices for a handful of the cheapest automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$2,622|
|Honda Accord LX-P 4-Dr Sedan||$2,628|
|Ford Escape Limited 2WD||$2,646|
|Volkswagen Jetta S 2.5 Station Wagon||$2,807|
|Honda Odyssey LX||$2,928|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,933|
|Ford Explorer XLT 4WD||$2,952|
|Dodge Grand Caravan CV||$2,958|
|Ford F-150 STX Super Cab 4WD||$2,976|
|Toyota Tacoma 2WD||$3,089|
|Ford Edge Limited 2WD||$3,095|
|Jeep Grand Cherokee Laredo 2WD||$3,113|
|Toyota RAV4 4WD||$3,122|
|Chevrolet Impala LT||$3,113|
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Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific zip code location which can change auto insurance rates substantially.
Looking at the rates, we can conclude that cars like the Honda CR-V, Honda Accord, Ford Escape, Volkswagen Jetta, and Toyota Prius will be a few of the more affordable vehicles to insure for new drivers. Auto insurance rates will be more costly just due to the fact that there is more claim risk for 16 year olds, but in general those vehicles will tend to have the best rates that you are likely to find.
Trying to find affordable insurance is not most people's favorite thing to do, and finding out which company has the cheapest insurance rates for 16 year olds in Nevada takes a little more work. Coverage prices will be quite a bit more than the average policy in Nevada, with the extra cost attributed to the higher likelihood of claims related to selling insurance for new drivers, but reasonable coverage should be attainable if you carefully shop around. Each insurance company uses a different method to set their prices, so we need to take a look at the lowest cost insurance companies in Nevada.
Keep in mind that Nevada insurance rates are impacted by many factors which can substantially change the price you have to pay. This is why it is crucial to compare as many rates as possible to get affordable insurance quotes for 16 year olds. Auto insurance prices are impacted by many different factors and change substantially, so the cheapest option the last time you compared rates may now not even be in the top five.
Best Auto Insurance Prices for Teens
|Rank||Company||Cost Per Year|
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Travelers offers some of the most affordable car insurance rates in Nevada at around $903 each year. This is $671 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also make the list of some of the lowest-priced Nevada car insurance companies.
As shown in the rates above, if you are currently insured with Oregon Mutual and switched to Travelers, you may see an annual savings of approximately $290. Nevada drivers with American Family could save as much as $291 a year, and Progressive insureds might reduce prices by as much as $299 a year.
To find the cheapest coverage for you, click here or quote rates from the companies below.
Remember that these prices are averages across all drivers and vehicles in Nevada and and are not figured with a rate increase for 16 year olds. So the car insurance company that can offer you the lowest price may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
One of the more important considerations that aid in calculating the price you pay for insurance is where you keep your car. Areas with a lot of weather claims or more people like Winchester, Sunrise Manor, and Las Vegas tend to pay slightly more, whereas areas that tend to be more rural can boast about having cheaper rates.
The table below rates the most costly cities in Nevada for 16 year olds to purchase auto insurance in.
|7||North Las Vegas||$1,826|
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Premium costs are approximated as vehicle location can alter premiums noticeably.
Buying coverage from a high-quality auto insurance company can be rather challenging considering how many companies provide coverage in Nevada. The information listed below could help you analyze which car insurance providers to look at when comparing auto insurance rates for 16 year olds. These ratings include the largest auto insurers in America, so companies without a large exposure will not be included in the list.
Top 10 Major Auto Insurers Overall in Nevada
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Types of discounts on Nevada auto insurance rates
Car insurance companies that offer coverage for 16 year olds may provide special discounts that may potentially lower prices by 25% or more if you meet specific criteria. A list of insurance companies and a selection of discounts are outlined below.
- American Family offers discounts including accident-free, early bird, air bags, good student, TimeAway discount, and good driver.
- Nationwide offers premium reductions for family plan, multi-policy, good student, defensive driving, Farm Bureau membership, business or organization, and anti-theft.
- MetLife may have discounts that include defensive driver, claim-free, good driver, good student, and multi-policy.
- 21st Century may include discounts for good student, teen driver, air bags, defensive driver, theft prevention, and student driver.
- Farmers Insurance offers discounts for pay in full, early shopping, electronic funds transfer, alternative fuel, mature driver, and business and professional.
- Allstate has discounts for passive restraint, defensive driver, utility vehicle, 55 and retired, FullPay discount, and early signing.
The information below visualizes the comparison of annual premium costs with and without discounts applied to the premium. The premiums assume a male driver, no claims or driving violations, Nevada state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, paperless filing, good student, vehicle safety, continuous coverage, and paid-in-full discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance for 16 year olds is 28% or $719.
How to find economical auto insurance for 16 year olds
The list below shows many money-saving suggestions that can help Nevada drivers find lower-cost coverage.
- Drop full coverage on older vehicles
- Serious violations like DUI or reckless driving can increase rates dramatically
- Increase your physical damage deductibles
- Prevent rate increases by staying accident-free
- Buy a car with high safety ratings
- Drivers with good credit ratings often pay less
- Shop around for cheaper prices often
The last tip is incredibly critical, as was stressed in the article above. Auto insurance rates fluctuate considerably, so drivers shouldn't hesitate to switch to a new company if a more affordable price is available.
Having a favorite company is great, but it's not a great idea if it's costing you big bucks every year. It only take a few minutes to compare prices and find cheaper auto insurance for 16 year olds.