The car, truck, or SUV you are buying coverage for is one of the biggest factors that determines whether or not you can buy economical car insurance for drivers under 21. Vehicles with more horsepower, poor safety ratings, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models. The list below presents auto insurance prices for a number of the most affordable vehicles to insure in Nevada.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$2,233|
|Ford Escape XLT 4WD||$2,238|
|Ford F-150 FX2 Super Cab 2WD||$2,464|
|Toyota Tacoma 2WD||$2,589|
|Honda Odyssey EX||$2,599|
|Chevrolet Equinox LS AWD||$2,617|
|Chevrolet Malibu Hybrid||$2,626|
|Chevrolet Impala LT||$2,617|
|Toyota RAV4 4WD||$2,626|
|Dodge Grand Caravan Hero||$2,617|
|Ford Explorer Limited AWD||$2,646|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,666|
|Get a Custom Quote Go|
Data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can alter premium rates considerably.
Looking at the data, we can expect makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Ford F-150, and Toyota Tacoma should be some of the most economical vehicles to insure for minors. The cost of auto insurance will be higher anyway just because there is more inherent risk for drivers under 21, but overall those particular vehicles will probably have the lowest insurance prices that you'll find.
Finding decent, cheap insurance is not easy, and determining which company has the cheapest car insurance rates for drivers under 21 in Nevada will require additional perseverance. Policy rates will probably be much higher than the state average attributed to the potential for higher claims that comes with selling insurance for minors, but competitively-priced coverage should be achievable if you are thorough.
Every auto insurer has a different process to establish rates, so let's take a look at the car insurance companies with the overall best prices in Nevada. It's important to know that Nevada car insurance rates are impacted by many factors that can increase the price you have to pay. This is why it is critical to compare rates when trying to get the most budget-friendly auto insurance quotes for drivers under 21. Auto insurance prices consist of many factors and change substantially, so the most economical option three years ago may now be priced much higher than other options.
Best Car Insurance Prices for Minors
|Rank||Company||Cost Per Year|
|Compare Rates Now Go|
Travelers offers some of the most affordable car insurance rates in Nevada at around $930 per year. This is $644 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also make the cut as some of the lowest-priced Nevada auto insurance companies.
In the above example, if you have coverage with Progressive and switched to Allied, you could realize yearly savings of approximately $251. Policyholders with American Family may save as much as $255 a year, and GEICO policyholders might cut rates by $330 a year.
To see how much you can save, click here to begin a quote or visit several of the following companies.
Remember that these rates are averages across all drivers and vehicles in Nevada and and are not figured with a price surcharge for drivers under 21. So the car insurance company that is best for you may not even be in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
Ending up with a highly-rated car insurance company can be difficult considering how many choices there are in Nevada. The ranking data shown below could help you decide which providers to look at when shopping your coverage around.
The rankings below include companies who write in the majority of U.S. states, so smaller regional companies will not be included in this list. To check prices from these and other companies in Nevada, simply click here.
Top 10 Large Auto Insurance Companies 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%
Discounts on Nevada insurance rates
Auto insurance companies that offer cheap quotes for drivers under 21 may also offer policy discounts that could reduce prices by as much as 30% if you are eligible. A list of companies and some of the discounts can be found below.
- 21st Century offers discounts for early bird, homeowners, anti-lock brakes, good student, and air bags.
- State Farm may offer discounts for safe vehicle, passive restraint, good driver, driver's education, and multiple policy.
- AAA may have discounts that include pay-in-full, good student, good driver, multi-car, anti-theft, multi-policy, and education and occupation.
- Liberty Mutual has savings for exclusive group savings, multi-policy, multi-car, preferred payment discount, new vehicle discount, and good student.
- Progressive may include discounts for online quote discount, homeowner, online signing, good student, multi-policy, continuous coverage, and multi-vehicle.
The illustration below visualizes the comparison of auto insurance rates with and without discounts being applied to the rates. The costs are based on a male driver, no claims or driving violations, Nevada state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with defensive driving course, vehicle safety, marriage, multiple policy, passive restraint, and safe-driver discounts applied. When these discounts are applied, the average savings per year on car insurance for drivers under 21 is 28% or $536.
How much more does full coverage cost?
Lowering the price of car insurance is probably important to the majority of vehicle owners, and one of the quickest ways to reduce the cost of insurance for drivers under 21 in Nevada is to only pay for liability coverage. The chart below visualizes the comparison of insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The price estimates are based on no claims or violations, $100 deductibles, single status, and no discounts are applied to the premium.
If we average the cost for all age groups, physical damage insurance costs an extra $2,368 per year over and above liability only. That raises the question if you should buy full coverage. There is no definitive formula to drop physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
How to find the cheapest auto insurance for drivers under 21
Below you'll find some of the better money-saving solutions that can help you buy more affordable coverage.
- Higher credit ratings may save you money
- Raise your physical damage coverage deductibles
- Bundle car and home insurance and save money
- Avoid accidents and claims
- Serious violations like DUI or reckless driving can increase rates dramatically
- Frequent claims will increase rates
- Compare quotes from other companies often
The last tip is incredibly valuable, as we pointed out in the article above. Auto insurance prices change a lot, so you should be ready to buy a different policy if a lower-cost policy is available.
Brand loyalty is great, but it's not recommended if that faithfulness ends up costing you lots of hard earned cash every month. Now is a great time to compare prices and find cheaper auto insurance for drivers under 21.