Deciding which companies quote the most affordable insurance rates for uninsured drivers in Nevada will take a bit more effort than just getting one or two price quotes. Each auto insurance company has a unique formula for determining rates in each state, so let's take a look at the lowest cost insurance companies in Nevada.
It's important that you understand Nevada insurance rates are based on many factors which can substantially change the price you have to pay for coverage. Turning one year older, moving to a new city, or getting caught speeding can produce rate changes that can make some companies more affordable than others.
Find Cheaper Auto Insurance in Nevada
|Rank||Company||Cost Per Year|
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Travelers may offer some of the most affordable car insurance rates in Nevada at around $912 each year. This is $662 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also rank well as some of the cheapest Nevada insurance companies.
As illustrated above, if you are a customer of Oregon Mutual and switched to Allied, you may realize an annual premium reduction of about $233. Drivers with Progressive may save as much as $253 a year, and American Family policyholders might cut rates by $281 a year.
To find out how much you can save, click here to get a free quote or visit any of the companies below.
Remember that these premium estimates are averages across all types of insureds and vehicles and and are not calculated with a price decrease for uninsured drivers. So the auto insurance company that is best for you may not even be in the top 20 companies in the list above. That is why you need to get auto insurance quotes using your own personal information and vehicle type.
The type of vehicle needing coverage is probably the largest consideration when comparison shopping for the best car insurance for uninsured drivers. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The list below estimates insurance premiums for a number of the most budget-friendly automobiles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$669|
|Honda Accord LX-P 4-Dr Sedan||$756|
|Honda CR-V LX 2WD||$766|
|Toyota RAV4 Limited 4WD||$791|
|Volkswagen Jetta S 2.5 Station Wagon||$795|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$802|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$806|
|Ford Explorer Eddie Bauer AWD||$814|
|Ford Focus SEL 4-Dr Sedan||$819|
|Ford F-150 STX Regular Cab 2WD||$832|
|Honda Odyssey EX-L W/Rear Entertainment||$833|
|Chevrolet Equinox LTZ AWD||$848|
|Dodge Grand Caravan SE||$852|
|Chevrolet Impala LT||$867|
|Chevrolet Malibu LS||$874|
|Ford Edge SEL 2WD||$872|
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Estimates do not factor in Nevada location which can raise or lower price quotes substantially.
Based upon the table data, you can expect vehicles like the Ford Escape, Honda Accord, and Honda CR-V are likely to be some of the cheapest vehicles to insure for drivers with no prior coverage.
Impact of violations and accidents on rates
The easiest way to obtain the most affordable insurance rates in Nevada for drivers with no prior coverage is to drive carefully and avoid getting tickets or having accidents. The chart below highlights how traffic violations and at-fault claims drive up premium costs for different insured age categories. The premium estimates are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
The data above shows the average cost of car insurance in Nevada per year with no accidents or violations is $1,876. Add in one speeding ticket and the average cost increases to $2,127, an increase of $251 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance for uninsured drivers in Nevada jumps again to an average of $2,830. That's an increase of $954, or $80 per month, just for not being a responsible driver!
What is the best insurance company in Nevada?
Insuring your vehicle with the highest-rated car insurance provider is difficult considering how many companies sell insurance in Nevada. The ranking information shown next may help you decide which car insurance companies you want to consider when looking for cheaper rates. The rankings below are for large, nationwide insurance companies, so smaller companies are not included in 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 importance of comparing Nevada car insurance rates
Nevada insurance rates are influenced by many factors that can increase the price you have to pay for coverage. Improving your credit rating, adding a teenager to your policy, or getting a ticket for running a stop sign can trigger changes in premium resulting in some companies being affordable when they were higher priced.
Not only may your situation change, but insurers amend pricing as often as every three months to ensure their profitability. Unexpectedly high claims can cause more expensive prices, while a better claims history can produce lower-priced Nevada car insurance rates.
To help illustrate this point, the bar chart below shows rates for the cheapest car insurance in Nevada for a 35-year-old male driver with no prior accidents, a clean driving record, and a good credit rating. Based on his personal risk profile, Travelers might offer the cheapest car insurance rates in Nevada at $903 each year. This is $671 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remaining most affordable Nevada auto insurance companies.
Now we will pretend the driver from the first example a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Since each insurance company has a different formula for determining rates, analyzing rate quotes may now show a different set of affordable Nevada car insurance companies as shown below.
GEICO now has the cheapest insurance rate in Nevada with Nationwide, Allied, Safeco, and USAA now rounding out the top five. This demonstrates why it is so important to shop around with many companies to find the most affordable auto insurance quotes for uninsured drivers. Insurance prices are determined by many factors and can change without notice, so the cheapest option the last time you shopped around may now be one of the more expensive options.