For teenage drivers, one of the big things that aid in calculating insurance cost is where you normally keep your vehicle in Nevada. Areas with more people or higher crime rates like Winchester, Paradise, and Las Vegas tend to pay slightly more, whereas areas that tend to be more rural receive better rates.
The information below rates the most expensive areas in Nevada for 19 year olds in which to purchase auto insurance.
|Rank||City||Average Per Year|
|7||North Las Vegas||$1,826|
|Find Cheaper Rates Go|
Information shown are approximated as the garaging address in Nevada can change price quotes considerably.
Buying low-priced car insurance is not most people's favorite thing to do, and finding out which companies offer the most affordable auto insurance rates for 19 year olds in Nevada may require more quotes for comparison. Premiums will probably be quite a bit pricier than the average price in Nevada, with the higher price attributed to the additional risk that comes with selling coverage for teenage drivers, but reasonably-priced coverage should be obtainable if you compare enough rates. Every auto insurer has a proprietary formula for determining rates in each state, so we'll go over the overall cheapest auto insurance companies in Nevada.
It's important that you understand Nevada auto insurance rates are based on many factors which can significantly increase or decrease the cost of coverage. Simply improving your credit score, buying a new vehicle, or getting caught speeding can cause premium changes resulting in some companies being cheaper in comparison to the competition.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
Travelers has some of the best car insurance rates in Nevada at around $912 annually. Allied, Capital, Oregon Mutual, and American Family also qualify as some of the cheapest Nevada car insurance companies.
In the above example, if you have coverage with Oregon Mutual and switched to Travelers, you may see an annual savings of upwards of $235. Nevada drivers with American Family could save as much as $270 a year, and Progressive policyholders might cut rates by $290 a year.
If you want to find out if you're overpaying, click here to start a quote or visit any of the companies below.
It's important to note that these policy prices are averaged across all types of drivers and the different vehicles they drive and and are not figured with a rate surcharge for 19 year olds. So the company that is best suited for you may not even be in the top 20 companies shown above. That is why you need to compare prices as often as possible using your own driver data and vehicle information.
The vehicle on the policy is one of the main factors when shopping for affordable car insurance for 19 year olds. Vehicles with high performance, poor crash test ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models.
The next table features car insurance rates for the most affordable automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,205|
|Honda CR-V LX 2WD||$2,213|
|Ford Escape Limited 4WD||$2,386|
|Honda Odyssey EX W/Rear Entertainment||$2,589|
|Ford Edge SE AWD||$2,596|
|GMC Sierra SLE Crew Cab 2WD||$2,617|
|Toyota RAV4 2WD||$2,627|
|Nissan Altima 2.5 4-Dr Sedan||$2,617|
|Chevrolet Impala LT||$2,625|
|Chevrolet Equinox LT AWD||$2,617|
|Volkswagen Jetta LE 4-Dr Sedan||$2,624|
|Ford Explorer Limited 4WD||$2,646|
|Dodge Grand Caravan SXT||$2,656|
|Chevrolet Malibu LT||$2,646|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,666|
|Ford F-350 XL Super Cab 2WD||$2,674|
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Data based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific location which can revise rates greatly.
By looking at the data, you can infer that makes and models like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Honda Odyssey are a few of the most budget-friendly vehicles to insure for teenage drivers. The price for an auto insurance policy will tend to be more expensive anyway just due to the fact that there is more claim exposure for 19 year olds, but in general those makes and models will most likely have the lowest prices that you'll find.
Buying coverage from the right insurance company can be rather challenging considering how many companies there are to choose from in Nevada. The ranking data shown below may help you analyze which coverage providers you want to consider purchasing from. These ratings are for the companies with a significant amount of written premium nationwide, so smaller regional companies are not factored into this list.
Top 10 Major Car Insurance Companies Overall in Nevada
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Does it make sense to buy full coverage?
Buying cheaper auto insurance is important to the majority of vehicle owners, and one common way to pay less for insurance for 19 year olds in Nevada is to buy only liability coverage. The illustration below compares premium costs with full coverage compared to only the Nevada minimum liability coverage. The price estimates are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no other discounts are factored in.
On average, comprehensive and collision coverage on your policy costs an additional $1,297 per year more than insuring for liability only. That proposes the question if full coverage is worth the money. There is no written rule of when to exclude comp and collision coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
Who has the cheapest Nevada car insurance?
Nevada auto insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Improving your credit rating, buying a home instead of renting, or getting caught speeding can trigger rate changes resulting in some rates now being affordable when they were higher priced. And not only may your rating factors change, but car insurance companies amend premium rates multiple times each year in order to offset underwriting gains or losses. Unexpectedly high claims can result in additional price hikes, while a better claims history may result in cheaper Nevada car insurance rates.
For example, the graph below shows the company with the cheapest car insurance in Nevada for a 45-year-old female driver with a clean driving record, no accidents, and solid credit. When quoting prices based on her current risk profile, Travelers quotes the best car insurance rates in Nevada at $903 annually. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Progressive are the remainder of the cheapest Nevada auto insurance companies.
The next chart shows rates after we give the driver from the first example an at-fault accident, slightly worse credit, and an imperfect driving record. Because each company has a proprietary formula to set their prices, analyzing rate quotes could now result in a different list of the cheapest Nevada car insurance companies as shown below.
Allied now has the cheapest insurance rate in Nevada with GEICO, USAA, Safeco, and Nationwide now being in the top five. This example illustrates why consumers need to take the time to shop around with many companies to find the most budget-friendly car insurance rates for 19 year olds. Prices consist of many risk factors and can decrease or increase without notice, so the cheapest rate two years ago may now be priced much higher than other options.