Are you confused by the crazy number of car insurance providers in Las Vegas? There are so many choices that it can turn into a difficult challenge to find the lowest price. Las Vegas is an excellent city in which to live, but high car insurance prices can make it impossible to maintain proper levels of coverage.

A recent study showed that most car insurance policyholders kept their policy with the same company for more than four years, and about 40% of consumers have never even compared quotes to find cheap rates. With the average premium in Nevada being $1,621, drivers can cut their rates by as much as 35% a year just by getting comparison quotes, but they just assume it's a time-consuming process to go online and compare rates.

It's important to get comparison quotes yearly because prices tend to go up over time. If you had the best deal on car insurance a few years ago other companies may now be cheaper. There are a lot of ways to save on car insurance online but in a few minutes you can learn some excellent ideas to save money.

Best companies for low-cost prices in Nevada

The auto insurance companies shown below can provide price quotes in Nevada. If multiple companies are listed, it's highly recommended you compare several of them to find the most affordable auto insurance rates.

Insurance Rates for Popular Vehicles in Las Vegas
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT 2WD $906 $453 $76
Chevrolet Impala LS $1,064 $532 $89
Chevrolet Malibu Hybrid $930 $465 $78
Chevrolet Silverado LS Extended Cab 4WD $968 $484 $81
Dodge Grand Caravan SXT $1,088 $544 $91
Dodge Ram Crew Cab Sport 2WD $1,248 $624 $104
Ford Escape XLS 4WD $1,012 $506 $84
Ford F-150 XLT Regular Cab 4WD $874 $437 $73
Ford Focus SE 4-Dr Sedan $702 $351 $59
Ford Fusion S 4-Dr Sedan $816 $408 $68
Honda Accord EX 2-Dr Coupe $918 $459 $77
Honda CR-V EX 2WD $900 $450 $75
Honda Civic DX 4-Dr Sedan $1,198 $599 $100
Honda Odyssey EX-L $858 $429 $72
Kia Optima SX $1,072 $536 $89
Nissan Altima 2.5 S 2-Dr Coupe $1,380 $690 $115
Toyota Camry LE $1,038 $519 $87
Toyota Corolla S $1,160 $580 $97
Toyota Tacoma X-Runner 2WD $876 $438 $73
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in specific location which can alter premium rates considerably.

Analysis of deductible levels

One of the hardest decisions when shopping for auto insurance is how high or low should comp and collision deductibles be. The figures shown below determine the rate fluctuation when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.

Nissan Altima insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $238 $402 $308 $18 $92 $1,083 $90
Altima 2.5 S 4-Dr Sedan $238 $472 $308 $18 $92 $1,153 $96
Altima Hybrid 4-Dr Sedan $268 $472 $308 $18 $92 $1,183 $99
Altima 2.5 S 2-Dr Coupe $268 $472 $348 $20 $104 $1,237 $103
Altima 3.5 SR 4-Dr Sedan $268 $472 $308 $18 $92 $1,183 $99
Altima 3.5 SR 2-Dr Coupe $268 $544 $348 $20 $104 $1,309 $109
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Nissan Altima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $148 $252 $308 $18 $92 $818 $68
Altima 2.5 S 4-Dr Sedan $148 $298 $308 $18 $92 $864 $72
Altima Hybrid 4-Dr Sedan $166 $298 $308 $18 $92 $882 $74
Altima 2.5 S 2-Dr Coupe $166 $298 $348 $20 $104 $936 $78
Altima 3.5 SR 4-Dr Sedan $166 $298 $308 $18 $92 $882 $74
Altima 3.5 SR 2-Dr Coupe $166 $342 $348 $20 $104 $980 $82
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific garaging location which can alter prices substantially.

Based on the figures above, using a $250 deductible will cost you approximately $24 more each month or $288 every year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 31 months between claim filings, you would most likely save money if you elect the higher deductible.

Smart consumers can save money

An important part of buying insurance is that you know the rating factors that go into determining your car insurance rates. If you have a feel for what determines base rates, this enables you to make decisions that will entitle you to better car insurance rates.

Theft deterrents save - Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent auto theft.

Single drivers take more risk - Having a wife or husband can get you a discount on your car insurance bill. Having a significant other means you're more mature and it's proven that drivers who are married file infrequent claims.

Performance impacts insurance rates - The make and model of the vehicle you are insuring makes a big difference in your rates. Low performance passenger cars usually have the lowest premiums, but many other things help determine your insurance rates.

Guys pay higher prices - Statistics demonstrate women are more cautious behind the wheel. That doesn't necessarily mean that females are better at driving than males. Women and men cause accidents in similar percentages, but the male of the species tend to have higher claims. Men also statistically receive more costly citations like driving under the influence (DUI).

Costs can change based on your address - Residing in a small town is a good thing when it comes to car insurance. Less people living in that area means reduced accidents in addition to lower liability claims People in densely populated areas regularly have much more traffic and a longer drive to work. More time commuting means more chance of being in an accident.

Save a ton by taking advantage of discounts

Car insurance can be pricey, but you might find some hidden discounts that you may not even know about. Some trigger automatically at the time of purchase, but a few must be manually applied before you will receive the discount. If you're not getting every credit available, you could be getting lower rates.Car insurance discounts

A quick disclaimer, most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, you aren't that lucky.

Popular car insurance companies and some of their more popular discounts are outlined below.

Before buying, ask every prospective company which discounts they offer. Discounts may not be available in Las Vegas. If you would like to view insurers that offer some of these discounts in Nevada, follow this link.

Local Las Vegas auto insurance agents and insurance

Many people prefer to have an agent's advice and that can be a smart move The biggest benefit of comparing insurance prices online is you can get cheap insurance rates and still choose a local agent. Supporting neighborhood agents is definitely important in Las Vegas.

Insurance agents in Las VegasUpon completion of this form (opens in new window), the coverage information gets sent to agents in your area who will give competitive quotes for your coverage. There is no reason to visit any agencies since rate quotes are delivered instantly to you. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to compare rates from a particular provider, you can always navigate to their website and complete a quote there.

The type of auto insurance agent you choose is important

If you would like to find a reliable insurance agent, there are a couple of different types of agents and how they are distinctly different. Insurance agents in Las Vegas can either be independent or exclusive.

Independent Agents

Independent insurance agents do not work for one specific company and that allows them to write policies through many different insurance companies enabling the ability to shop coverage around. If premiums increase, they can switch companies in-house and you don't have to do anything. If you need lower rates, we recommend you compare quotes from a couple of independent agencies in order to compare the most rates. Most independent agents also contract with companies you've never heard of that many times have cheaper rates.

Shown below is a partial list of independent insurance agents in Las Vegas that may be able to give you cheap rate quotes.

More insurance agents

Exclusive Agencies

Agents in the exclusive channel can only place business with one company like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to compare other company's rates so you might not find the best rates. Exclusive agencies are highly trained in insurance sales and that allows them to sell at a higher price point. Some people will only use the same exclusive agent mainly due to the prominent brand name instead of buying on price only.

The following are Las Vegas exclusive agencies that are able to give rate quotes.

More insurance agents

Choosing an insurance agent shouldn't rely on just the bottom line cost. The answers to these questions are important, too.

Do drivers who switch really save $414 a year?

Car insurance providers like GEICO, State Farm and Progressive continually stream television and radio advertisements. All the companies state the claim about savings after switching your coverage to them. How can each company give you a lower rate on car insurance? You have to listen carefully.

Most companies have strict underwriting profiles for the driver they prefer to insure. An example of a profitable customer might have to be over the age of 35, carries full coverage, and drives a car with an anti-theft system. Anybody that matches those criteria will probably get cheap auto insurance rates and as a result will probably save a lot of money.

Potential insureds who do not fit these standards may be forced to pay higher premium rates which usually ends up with business going elsewhere. The wording the ads use say "drivers that switch" but not "everyone who gets a quote" save that kind of money. That's the way companies can lure you into getting a quote.

This really emphasizes why you really should get price quotes at each policy renewal. Because without a comparison, you cannot know with any certainty which company will provide the lowest car insurance in Las Vegas.

Insurance claim statistics

Are you driving a high-claim vehicle? The claim statistics below show the best and worst vehicle models for the probability of filing claims for each type of coverage listed.

Collision Insurance Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Colorado Ferrari 458
Ford Edge Bently Continental GTC
Smart ForTwo Bentley Continental Flying Spur
Nissan Xterra Nissan GT-R
Ford F-150 SuperCrew Maserati Ghibli
Jeep Wrangler Maserati Granturismo

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Liability Insurance Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Chevrolet Corvette Mitsubishi Lancer
Volvo XC60 Chevrolet Impala
Fiat 500 Mitsubishi Mirage
Audi A6 Hyndai Accent
Mercedes-Benz SL Class Chevrolet Cruze
Subaru Outback Dodge Charger

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Lowest and Highest Comprehensive Claims by Vehicle
Lowest Claim Frequency Highest Claim Frequency
Volvo V60 Audi S7
Chevy Spark Maserati Quattroporte
GMC Sierra 2500 Maserati Granturismo
Infiniti QX50 Mercedes-Benz S Class
Ford F-350 Bentley Continental GTC
Chevy Silverado 2500 Porsche Panamera GTS

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car Insurance Medical Payment Claims by Vehicle Make and Model
Lowest Claim Frequency Highest Claim Frequency
Ford Expedition Chevrolet Spark
Chevrolet Silverado 2500 Mitsubishi Lancer
Tesla Model S Chevrolet Sonic
Chevrolet Silverado 3500 Kia Forte
Ford F-350 SuperCrew Hyundai Accent
Ford F-250 SuperCrew Nissan Versa

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

A conclusion for your car insurance search

Cheaper car insurance in Las Vegas is attainable from both online companies as well as from independent agents in Las Vegas, and you should compare rates from both so you have a total pricing picture. Some insurance companies may not have price quotes online and usually these small insurance companies work with independent agencies.

Throughout this article, we presented many tips how you can shop for car insurance online. It's most important to understand that the more times you quote, the higher the chance of saving money. You may even find the lowest premium rates are with a small local company.

Drivers leave their current company for a variety of reasons including an unsatisfactory settlement offer, delays in paying claims, not issuing a premium refund or even poor customer service. It doesn't matter why you want to switch choosing a new insurance company can be easy and end up saving you some money.

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