Finding decent, budget auto insurance is not easy, and deciding which companies quote the lowest-priced car insurance rates for drivers under 25 in Nevada will take even more shopping around. Policy prices will probably be a little bit greater than the average rate in Nevada, with the higher price attributed to the potential for more claims associated with selling insurance for drivers age 25 and younger, but competitively-priced coverage should be available if you carefully shop around. Every insurance provider has their own formula for determining rates in each state, so let's take a look at the overall cheapest car insurance companies in Nevada.
Compare Cheap Insurance Quotes for Young Drivers
|Rank||Company||Cost Per Year|
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Travelers has some of the lowest car insurance rates in Nevada at around $903 annually. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also be considered some of the more affordable Nevada car insurance companies.
As shown above, if you are a customer of Oregon Mutual and switched to Allied, you may see a yearly price reduction of in the vicinity of $261. Insureds with American Family might save as much as $273 a year, and GEICO policyholders might lower prices by up to $311 a year.
If you want to see how much you could save, click here to start your free quote or click several companies below for low rates.
These premium estimates are averages across all insureds and vehicles and do not factor in a price surcharge for drivers under 25. So the auto 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 get rate quotes from many companies using your own specific driver information and vehicle.
The car, truck, or SUV you are trying to insure is probably the biggest factor that determines the availability of the lowest-priced coverage for drivers under 25. Vehicles with high performance engines, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than more modest models. The data below illustrates car insurance costs for some of the more affordable automobiles to insure in Nevada.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,475|
|Ford Escape XLT 4WD||$1,484|
|Honda Accord EX-L 4-Dr Sedan||$1,567|
|Dodge Grand Caravan SE||$1,630|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,684|
|Ford Edge SE AWD||$1,700|
|Honda Odyssey EX||$1,707|
|Toyota Tacoma 2WD||$1,700|
|Chevrolet Equinox LS AWD||$1,722|
|Jeep Grand Cherokee Laredo 4WD||$1,731|
|Chevrolet Impala LT||$1,722|
|GMC Sierra SLE Regular Cab 2WD||$1,727|
|Toyota RAV4 Limited 2WD||$1,722|
|Ford Fusion S 4-Dr Sedan||$1,731|
|Ford Explorer Eddie Bauer AWD||$1,744|
|Chevrolet Malibu LT||$1,753|
|Ford F-150 Lariat Super Cab 2WD||$1,744|
|Hyundai Elantra Blue 4-Dr Sedan||$1,794|
|Honda Civic EX 4-Dr Sedan||$1,799|
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Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific location which can affect rates significantly.
By looking at the data, you can figure that vehicles like the Honda CR-V, Ford Escape, Honda Accord, and Toyota Prius are most likely to be a few of the most affordable vehicles to insure for drivers age 25 and younger. The price for car insurance will tend to be higher because there is a higher risk for drivers under 25, but generally speaking those specific models will most likely have the cheapest rates available.
Buying coverage from a high-quality auto insurance company can be a challenge considering how many different companies sell coverage in Nevada. The ranking data listed below may help you choose which coverage providers you want to consider shopping your coverage with.
These ratings only include major nationwide insurance companies, so companies that may only write in Nevada will not be included in these rankings. To compare rates from the insurers below and more, simply click here.
Top 10 Major Auto Insurance Providers in Nevada Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
The example below illustrates how your deductible choice can change insurance premiums when researching cheap insurance for drivers under 25 in Nevada. The rate quotes are based on a married male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could save $290 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $436 by changing to a $1,000 deductible. Young drivers, such as the Age 20 example, can save as much as $978 every year just by choosing larger deductibles.
When using a larger deductible, it is necessary to have emergency funds available to satisfy the extra out-of-pocket expense that is associated with using high deductibles.
How to find cheaper insurance for drivers under 25 in Nevada
The list below summarizes some penny-pinching suggestions that can help drivers get lower-cost coverage.
- Buy safe vehicles
- Good credit can help you save money
- Serious violations like DUI or careless driving can make car insurance unaffordable
- At-fault accidents will increase rates
- Pay less by remaining claim-free
- Compare rates and switch if you can find a better deal
The last item on the list is incredibly critical, as was noted in this article. Car insurance prices change frequently, so drivers shouldn't be resistant to buy from a new company if a lower price can be found. Brand loyalty is great, but it's not a great idea if that loyalty ends up costing lots of money. In less than five minutes you could shop around and find cheaper insurance for drivers under 25.