For new drivers, one of the largest components that are used to help calculate the price you pay for insurance is where you live in Nevada. Cities with larger populations like Winchester, Spring Valley, and Las Vegas tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The next table lists the most expensive places in Nevada for inexperienced drivers to buy car insurance in.
|7||North Las Vegas||$1,826|
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Rate quotes are estimated as the specific garaging location can change rates considerably.
The make and model of vehicle needing coverage is a large factor when trying to find economical car insurance for inexperienced drivers. Vehicles with limited speed and performance, a great safety record, or low incidents of liability claims will cost substantially less to insure than high performance models. The list below features coverage prices for some of the more affordable automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$684|
|Honda CR-V EX 4WD||$776|
|Chevrolet Impala LT||$791|
|Toyota Tacoma Double Cab 4WD||$806|
|Chevrolet Equinox LTZ AWD||$848|
|Honda Odyssey Touring||$855|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$848|
|Dodge Grand Caravan SE||$852|
|Toyota RAV4 4WD||$867|
|GMC Sierra SLE Crew Cab 2WD||$877|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$874|
|Ford Explorer Limited AWD||$883|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific garaging location which can influence coverage rates noticeably.
By looking at the data, we can presume that vehicles like the Ford Escape, Honda CR-V, Chevrolet Impala, Toyota Tacoma, and Toyota Prius should be some of the most economical vehicles to insure for new drivers.
Buying coverage from the best car insurance provider is difficult considering how many different companies there are to choose from in Nevada. The company rank data shown below may help you choose which providers you want to consider comparing rates with. The ratings below include companies that insure vehicles nationwide, so smaller regional companies are not taken into consideration for these rankings.
|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
The information below demonstrates how deductibles can impact insurance prices when getting quotes for cheap insurance for inexperienced drivers in Nevada. The rates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could lower rates by $252 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $380 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, can cut $624 or more just by choosing higher deductibles. When raising deductibles, it will be necessary to have enough funds in savings to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Discounts on Nevada auto insurance
Car insurance companies that offer cheap quotes for inexperienced drivers may also provide premium discounts that can lower rates by as much as 25% or more if you meet specific eligibility requirements. A few of the larger companies and a selection of discounts are included below.
- GEICO has discounts for multi-policy, military active duty, federal employee, five-year accident-free, multi-vehicle, membership and employees, and daytime running lights.
- Travelers may have discounts that include continuous insurance, new car, multi-policy, IntelliDrive, and student away at school.
- Farm Bureau discounts include good student, youthful driver, renewal discount, multi-policy, multi-vehicle, and 55 and retired.
- Liberty Mutual offers discounts for good student, hybrid vehicle, new move discount, safety features, newly retired, and teen driver discount.
- American Family includes discounts for good driver, mySafetyValet, Steer into Savings, defensive driver, and air bags.
- Progressive has savings for online quote discount, good student, homeowner, continuous coverage, and multi-vehicle.
The chart below illustrates the comparison of car insurance costs with and without discounts applied to the policy rates. The information is based on a female driver, no claims or driving citations, Nevada state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, passive restraint, multiple policy, multiple vehicle, homeowner, and safe-driver discounts applied. With discounts applied, theamount saved on auto insurance for inexperienced drivers is 28% or $461.
Chances are good that you're overpaying for Nevada car insurance
Nevada auto insurance rates are impacted by many factors that will increase or decrease the cost of your policy. Improving your credit rating, buying a home, or getting caught speeding can cause premium changes resulting in some companies being cheaper in comparison to the competition. Not only may your situation change, but auto insurance companies file new Nevada auto insurance rates every year to reflect underwriting profits or losses. A period of higher than normal claims may cause rate increases, while a lower level of claims may cause lower-cost Nevada car insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Nevada for a 40-year-old male driver with a clear driving record, no claims, and a good credit history. When comparing rates based on his current risk profile, Travelers offers the best car insurance rates in Nevada at $912 a year. This is $662 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remaining best Nevada auto insurance companies.
Now we will pretend the driver from the first set of rates some claims, a lower credit score, and a stop sign violation. Since each auto insurance company has their own formula for filing rates in each state, getting updated rate quotes will most likely result in a different list of the cheapest car insurance companies in Nevada as shown below.
GEICO now has the best price in Nevada with USAA, Nationwide, Safeco, and Allied now being in the top five. This illustrates why consumers need to take the time to shop around when trying to find the lowest insurance rates for inexperienced drivers. Car insurance prices are calculated by many things and can increase or decrease at any time, so the most economical option two years ago may now be one of the higher cost companies.