Finding affordable auto insurance is not easy, and figuring out which companies offer the most affordable car insurance rates for a learners permit in Nevada involves even more rate comparisons. Premiums will probably be significantly higher than the average policy in Nevada, with the increase attributed to the posibility of more claims associated with offering insurance for new drivers, but reasonable coverage may be possible if you compare enough companies.
Every car insurance company uses their own calculation to determine rates, so let's take a look at the most budget-friendly car insurance companies in Nevada. It's important that readers know that Nevada car insurance rates are influenced by many factors which can substantially change the cost of having a policy. That is why Nevada drivers need to compare lots of rates when trying to get the most economical insurance quotes for a learners permit. Prices can be determined by many things and change dramatically, so the lowest-price company when you last compared rates may now be wasting a lot of money.
Find Cheaper Auto Insurance in Nevada
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
Travelers offers some of the best car insurance rates in Nevada at around $930 a year. Allied, Capital, Oregon Mutual, and Progressive also are some of the most economical Nevada insurance companies.
As shown in the rates above, if you are insured with Oregon Mutual and switched to Travelers, you could see annual savings of upwards of $217. Drivers with Progressive might save as much as $260 a year, and American Family policyholders might reduce prices by as much as $288 a year.
These rates are averages for all drivers and vehicles in Nevada and are not factoring in a rate increase for a learners permit. So the car insurance company that can offer you the lowest price may not even be in the list above. That helps illustrate why you need to quote rates from many companies using your own personal information and vehicle type.
One of the many criteria that are looked at to help calculate the amount you pay for auto insurance is where you normally keep your vehicle in Nevada. Areas with a lot of weather claims or more people like Winchester, Spring Valley, and Las Vegas are more likely to have higher rates, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The next table ranks the highest-priced areas in Nevada for a learners permit in which to purchase auto insurance.
|Rank||City||Premium Per Year|
|6||North Las Vegas||$1,882|
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Prices are approximated as the specific area where the vehicle is garaged can alter price quotes significantly.
Picking the top insurance company can be rather challenging considering how many companies there are in Nevada. The rank data in the next section can help you decide which companies you want to consider when trying to find the cheapest insurance for a learners permit.
The ratings below only include large, nationwide insurance companies, so companies without a large exposure will not be included in this list. To compare prices from the most competitive companies in Nevada, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Liability rates compared to full coverage
Saving on car insurance is the goal of the majority of people, and a good way to lower the cost of insurance for a learners permit in Nevada is to not insure for full coverage. The example below compares insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no violations or claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, physical damage coverage costs an extra $1,403 per year more than just buying liability insurance. Many of you may wonder if paying for full coverage is a waste of money. There is no set rule that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
Drive responsibly or pay higher rates
One of the best ways to snag affordable car insurance prices in Nevada for new drivers is to drive carefully and not get tickets or have accidents. The chart below illustrates how traffic citations and accidents can increase premium costs for each different age category. The rate quotes are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
The data in the chart shows the average cost of a car insurance policy in Nevada per year with no violations or accidents is $2,283. Receive one speeding ticket and the average cost surges to $2,586, an increase of $303 each year. Then add in two accidents along with the one speeding ticket and the annual cost of car insurance for a learners permit in Nevada goes up to an average of $5,129. That's an increase of $2,846, or $237 per month, just for not driving responsibly!
Low rates can quickly become overpriced
Nevada car insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Simply having a birthday, becoming a homeowner, or getting a couple of tickets may generate price changes that can now make some companies cheaper than competitors. Not only may your risk profile change, but insurers file new rates as often as every quarter to adjust for unexpected claims or profits. Unexpectedly high claims may cause increased policy costs, while better underwriting can produce lower-priced Nevada car insurance rates.
The bar chart below compares the cheapest car insurance in Nevada for a 45-year-old female driver with a clear driving record, no claims, and great credit. If we estimate rates based on her personal profile, Travelers may offer the lowest car insurance rates in Nevada at $903 annually. This is $671 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and GEICO also make the list of the most affordable Nevada auto insurance companies.
The example below compares rates after we give the driver from the first example a claim, a lower credit rating, and a traffic citation. Because every insurance company has their own guidelines for setting prices, comparing rates will most likely result in a different set of the cheapest Nevada car insurance companies as shown below.
Progressive now has the best car insurance rate in Nevada with Nationwide, USAA, Safeco, and Capital also having competitive pricing. This example proves why drivers need to take the time to shop around to find the most economical car insurance quotes for a learners permit.
Car insurance prices are influenced by many things and can change substantially, so the best price the last time you shopped around may now not even be in the top five.