Finding cost effective insurance is hard enough, and figuring out which company has the cheapest auto insurance rates for 18 year olds in Nevada calls for even more perseverance. Rates will be significantly higher than the average rate in Nevada, with the extra cost attributed to the additional risk associated with selling coverage for teen drivers, but affordable coverage may be attainable if you shop around.
Each insurance company has their own guidelines for filing rates in each state, so let's take a look at the overall cheapest auto insurance companies in Nevada. Keep in mind that Nevada auto insurance rates are impacted by many factors that may substantially change your annual premium. Simply improving your credit, adding a teenager to your policy, or getting a reckless driving citation may generate price changes that can now make some companies higher-priced than before.
Find Cheaper Auto Insurance for Teens
|Rank||Company||Cost Per Year|
|View More Rates Go|
Allied normally has some of the cheapest car insurance rates in Nevada at around $911 per year. This is $663 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, American Family, and Oregon Mutual also make the cut as some of the most economical Nevada car insurance companies.
In the rate table above, if you are insured with Capital and switched to Allied, you may realize an annual savings of approximately $97. Insureds with American Family might save as much as $271 a year, and Oregon Mutual customers might lower prices by up to $282 a year.
These premiums are averages for all insureds and vehicles and and are not calculated with a rate increase for 18 year olds. So the auto insurance company that is most affordable for your situation may not even be in the top 20 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
The car, truck, or SUV needing coverage is a large consideration when quoting affordable auto insurance for 18 year olds. Vehicles with lower performance, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than high performance models. The next list illustrates auto insurance rates for a handful of the cheaper vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$2,495|
|Honda CR-V EX-L 4WD||$2,523|
|Ford Escape Limited 4WD||$2,689|
|Ford F-150 STX Regular Cab 2WD||$2,764|
|Ford Edge SEL AWD||$2,930|
|Nissan Altima 2.5 4-Dr Sedan||$2,958|
|Chevrolet Silverado LT Extended Cab 4WD||$2,966|
|Chevrolet Impala LT||$2,958|
|Toyota RAV4 Sport 4WD||$2,968|
|Chevrolet Malibu LS||$2,958|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$2,987|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$2,994|
|Ford Explorer Limited AWD||$2,987|
|Dodge Grand Caravan Crew||$2,993|
|Find Cheaper Rates Go|
Data assumes single male driver age 18, 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 vehicle location which can change premium rates noticeably.
Based upon the table data, you can see that models like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius will be some of the cheapest vehicles to insure for teen drivers. Car insurance rates will be higher anyway because of the fact that there is more inherent risk for 18 year olds, but generally speaking those models will probably have the lowest prices possible.
One of the many components that are looked at to determine the annual cost of car insurance is where you keep your car. More densely populated places like Winchester, Paradise, and Enterprise tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The table below shows the priciest cities in Nevada for 18 year olds to buy an auto insurance policy in.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,826|
|Compare Prices Now Go|
Rate quotes are comparative as specific Nevada zip code can raise or lower prices substantially.
Rate comparison of full coverage and liability-only
Reducing premiums for auto insurance is important to most drivers, and an easy way to save on the cost of insurance for 18 year olds in Nevada is to only buy liability coverage. The information below visualizes the comparison of yearly insurance costs with and without full coverage. The data assumes no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage on your policy costs an extra $1,940 per year more than just buying liability only. That brings up the question if it's worth it to buy full coverage. There is no written rule of when to drop physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
There are a few cases where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not buy liability only.
Discount Nevada insurance
Insurance providers that offer quotes for 18 year olds may also provide special discounts that can reduce rates by as much as 35% or more if you meet specific criteria. Popular auto insurance companies and a summarized list of policyholder discounts are:
- 21st Century may have discounts that include automatic seat belts, defensive driver, teen driver, good student, and theft prevention.
- Progressive has discounts for online quote discount, continuous coverage, good student, online signing, multi-vehicle, multi-policy, and homeowner.
- State Farm offers discounts including Drive Safe & Save, student away at school, safe vehicle, passive restraint, driver's education, and multiple policy.
- Nationwide discounts include anti-theft, easy pay, multi-policy, accident-free, and good student.
- Esurance has savings for paid-in-full, renters, anti-theft, online shopper, Switch & Save, and DriveSense.
- The Hartford includes discounts for anti-theft, vehicle fuel type, bundle, good student, and air bag.
The diagram below visualizes the comparison of insurance costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no accidents, no driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, continuous coverage, paid-in-full, anti-theft, passive restraint, and paperless filing discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for 18 year olds is 28% or $686.
Selecting the best car insurance company is hard considering how many different companies there are to choose from in Nevada. The company rank data displayed below may help you pick which providers you want to consider when looking for cheaper rates.
These ratings are for the largest companies in America, so smaller companies that only insure vehicles in Nevada are not taken into consideration for this list. To view rates from these and other companies in Nevada, follow this link.
Top 10 Major Auto Insurance Providers in Nevada Ranked by Customer Satisfaction
- Titan Insurance - 95%
- USAA - 94%
- AAA Insurance - 91%
- Nationwide - 90%
- State Farm - 90%
- The Hartford - 89%
- GEICO - 89%
- 21st Century - 88%
- Liberty Mutual - 88%
- Allstate - 88%
Top 10 Major Auto Insurance Providers in Nevada Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance