The words "bargain" and "auto insurance" really should not be used together, in particular when searching for the cheapest auto insurance for teenage males. Because it's not cheap, let's teach you some situations that significantly impact auto insurance rates, and find a few ways to take the sting out of the next policy you buy.
Establishing which company offers the best insurance rates for teenage males in Nevada requires a little more work thank just comparing rates from one or two companies. Each auto insurance company has a proprietary formula for filing rates in each state, so let's take a look at the most affordable insurance companies in Nevada.
Best Auto Insurance Prices for Teens
|Rank||Company||Cost Per Year|
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Travelers may offer some of the cheapest car insurance rates in Nevada at around $930 per year. This is $644 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also make the list of some of the cheaper Nevada car insurance companies.
In the rate table above, if you currently buy coverage from Capital and switched to Travelers, you might see a yearly price reduction of in the vicinity of $88. Customers with Oregon Mutual could save as much as $263 a year, and American Family insureds might reduce prices by as much as $300 a year.
To find out how much you can save, click here to start a quote or visit several of the following companies.
Understand that those policy prices are averaged across all types of insureds and vehicles and do not take into consideration a rate surcharge for teenage males. So the insurer that can offer the best rates for your situation may not even be in the top 20 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own individual information.
For teen boys, one of the more important components that are looked at to determine car insurance rates is the neighborhood you call home in Nevada. More populated areas like Winchester, Sunrise Manor, and Enterprise tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The illustration below shows the most expensive cities in Nevada for teenage males to purchase a policy in.
|7||North Las Vegas||$1,844|
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Annual rates are comparative as the garaging address in Nevada can modify prices noticeably.
The type of vehicle needing coverage is probably the most important factor when quoting low-priced insurance for teenage males. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models.
The next list shows auto insurance rates for some of the most economical vehicles to insure in Nevada.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$2,993|
|Honda CR-V EX-L 2WD||$3,003|
|Volkswagen Jetta 2.0T Station Wagon||$3,386|
|Chevrolet Impala LT||$3,515|
|Nissan Altima 2.5 4-Dr Sedan||$3,520|
|Toyota RAV4 4WD||$3,515|
|GMC Sierra SL Extended Cab 2WD||$3,522|
|Chevrolet Silverado LT Extended Cab 4WD||$3,515|
|Ford Explorer Limited 4WD||$3,544|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$3,552|
|Ford F-150 FX4 Super Cab 4WD||$3,544|
|Dodge Grand Caravan SXT||$3,553|
|Hyundai Elantra Blue 4-Dr Sedan||$3,668|
|Honda Civic LX 4-Dr Sedan||$3,675|
|Ford Edge Sport AWD||$3,695|
|Toyota Camry XLE||$3,703|
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Prices above based on single male 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. Premium amounts do not factor in vehicle location which can revise rates greatly.
By looking at the data, cars like the Ford Escape, Honda CR-V, Toyota Prius, and Volkswagen Jetta are most likely going to be a few of the less-costly vehicles to insure for teen boys. The price for car insurance will tend to be more expensive anyway just because there is more risk for teenage males, but overall those specific models will have the best insurance prices available.
Cost difference between full coverage and liability
Paying less for insurance should be important to the majority of vehicle owners, and one common way to find cheap insurance for teenage males in Nevada is to not buy full coverage. The illustration below illustrates the difference between insurance costs with full coverage compared to only the Nevada minimum liability coverage. The data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.
If averaged out across all ages, comprehensive and collision coverage on your policy costs $1,297 per year more than just buying liability insurance. Many people question if paying for full coverage is a waste of money. There is no clear-cut rule for phasing out comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
Get discount Nevada insurance
Insurers that offer quotes for teenage males could also offer policy discounts that could reduce prices by 30% or more if you can meet the requirements. A list of companies and a summarized list of policyholder discounts are shown below.
- State Farm has savings for anti-theft, driver's education, defensive driving training, Steer Clear safe driver discount, multiple policy, passive restraint, and safe vehicle.
- Nationwide includes discounts for easy pay, good student, accident-free, family plan, multi-policy, and Farm Bureau membership.
- GEICO discounts include military active duty, daytime running lights, seat belt use, defensive driver, and good student.
- AAA may offer discounts for AAA membership discount, good student, anti-theft, pay-in-full, multi-car, education and occupation, and good driver.
- 21st Century offers premium reductions for student driver, defensive driver, air bags, anti-lock brakes, driver training, good student, and homeowners.
- The Hartford may have discounts that include anti-theft, vehicle fuel type, air bag, good student, and bundle.
The chart below compares premium costs with and without discounts applied to the premium. The data is based on a male driver, no claims or violations, Nevada state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, vehicle safety, continuous coverage, paid-in-full, passive restraint, and paperless filing discounts applied. When discounts are applied, the average savings per year on insurance for teenage males is 28% or $640.
How to find a good Nevada insurance company
Picking the best company is difficult considering how many choices you have in Nevada. The rank data shown next could help you pick which car insurance providers to look at comparing rate quotes with.
These rankings are only comprised of large, nationwide insurance companies, so companies without a large exposure are not factored into the list. To get rate quotes from these top insurers and more, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
How to find more affordable auto insurance for teenage males
Lowering your rates is not difficult, and here are some of the better thrifty suggestions that can help drivers get cheaper coverage.
- Buy safe vehicles
- Increase your credit score
- Increase deductibles to save money
- Multi-policy discounts save money
- On older vehicles, drop full coverage
- Avoid filing small claims
- Ensure you have the best deal by shopping around regularly
The last tip in the list is incredibly significant, as we emphasized in the prior information. Insurance rates vary greatly, so don't be tentative to switch companies if you can save money. Having a favorite company is great, but it's not a great idea if that loyalty ends up costing a lot of money. If you have a few minutes, shop around and find cheaper car insurance for teenage males.