With over 110,000 miles of desert and as one of the least densely populated states in the country, Nevada is a state made for car and cruising enthusiasts. Accidents can occur on the most scenic roads in Nevada, so it is important to have reliable auto insurance coverage. On average, car insurance in Nevada costs $2,245 for full coverage according to Bankrate’s 2021 study of quoted annual premiums.
Our team compared policy offerings from multiple providers and current premium data to help Silver State residents find the best car insurance company. This was done to cut through the noise and highlight the top options.
Nevada’s best car insurance companies
There are many options for Nevada car insurance. This can sometimes make it overwhelming. We compared the most current premiums from many Nevada insurers to help you make it as simple as possible. To ensure that we offer quality options, we went one step further and compared the policies of each company, including highlights, coverages, and discounts.
We also used 2020 J.D. We also used 2020 J.D. The following five providers stood out as the best car insurance in Nevada throughout each step of the process:
Geico
Geico has the highest Bankrate Score among all providers we have reviewed. This is because it offers the best combination of financial strength, cost of coverage and customer satisfaction. While coverage options are limited and only a few add ons, such as mechanical breakdown, there are many savings options. Drivers can save up to 16 percent by bundling, insuring new vehicles, or joining groups.
State Farm
State Farm has agents in 20 Nevada cities. This could make it a great choice for drivers who want to be easily contacted by an agent for any insurance questions. There are also options available for modern drivers who want a more convenient insurance experience. State Farm’s highly-rated mobile app allows for quick policy management and claims filing. The second-highest bankrate score and highest J.D. The insurer is both a reliable and popular choice for many Nevada motorists thanks to its Power Score.
Farmers
Farmers Insurance provides financial protections to policyholders. Options include guaranteed value protection, car replacement coverage, accident forgiveness, and original equipment manufacturer (OEM), for vehicles older than 10 years. You can choose from policies for classic and collectible cars, as well drivers who ride with rideshare companies like Uber and Lyft. Farmers’ Signal, which rewards safe driving habits, offers savings of up to 15% on each policy renewal.
American Family
American Family Insurance not only has competitive car insurance rates, but also puts heavy focus on making themselves accessible through the MyAmFam app and 24/7 claim support. According to 2021 J.D., American Family is the top-ranked provider in the Southwest. Results from the Power Auto Insurance Study customer satisfaction study, which scored 850 points out of 1,000. American Family’s classic auto insurance gives Nevada motorists the freedom to drive their cars as they please without any mileage restrictions, provided it is not being used as a daily driver.
Allstate
With tools like Drivewise that help lower car insurance costs, Allstate is a great option to consider for drivers looking for both cheap and quality car insurance. Allstate is rated higher than the industry average for overall claims satisfaction. This may be due to its mobile and online capabilities that allow you to track and file claims electronically. Allstate offers a variety of coverage options and savings, including custom equipment coverage and a paperless rate, making it a great choice for Nevada drivers who are looking for an insurance company that ticks all the boxes.
Average cost of car insurance in Nevada
Nevada’s car insurance is more expensive than the rest of the country. While the average cost of car insurance in the U.S. is $1,674 per year for full coverage, the average premium in Nevada is $2,246 for full coverage each year. The striking difference in insurance costs may largely be due to Nevada having several active fault lines — 1,500 as of 2019 — making it extremely susceptible to damaging earthquakes and related vehicle losses.
Nevada’s minimum state insurance requirements
Nevada requires all state-registered drivers to carry at least a minimum amount of car insurance, like most states, which includes liability insurance. The state’s 25/50/20 requirement calls for:
- $25,000 bodily injury liability per individual
- $50,000 bodily injury liability per accident
- $20,000 per accident in property damage liability
Nevada is considered an at-fault State. This means that the party deemed to be most responsible for a collision is responsible in full for paying for any injuries or damage caused by it. It is possible that Nevada’s minimums will not cover the full amount of a more serious claim. Additionally, though you may not be fully financially responsible for covering an injured party’s losses, any damage to your vehicle would require full coverage to file claim coverage. Insurance experts recommend that you purchase comprehensive and collision coverages in addition to the higher limits. To protect their loan, drivers who lease or finance their vehicle may be required to buy full coverage.
How to get the best car coverage
It is crucial to understand the differences in rates between providers, and the factors that can impact your rate before you decide on the right insurer.
- Assess your needs. The cost of car insurance depends on many factors such as your driving record, credit score, and whether you have teenage drivers. A parent who adds a teenager to their policy will likely see a rise in premiums due to teens being considered high-risk. They may also consider switching insurers or shopping around for a better rate.
- Consider state factors: Because earthquake damage is common in Nevada, coverages that extend standard limits, such as gap insurance and Original Equipment Manufacturer (OEM) coverage, may be beneficial following more serious claims.
Nevada offers car insurance discounts
Nevada drivers typically have several options available to them to help achieve a lower cost of car insurance. The most common options and discounts will vary depending on the provider.
- Good student: Parents or young drivers may be eligible for good student discounts. These discounts typically require student drivers to maintain a minimum B-average in order to save money.
- Safety equipment: Common safety features like air bags and anti-lock brakes can often get you a discount when you purchase premiums.
- Paperless: Many insurers offer discounts for switching to fully digital policy management over paper documents.
- Sign up early: If you sign up for your auto insurance policy at least a week in advance, not only will you avoid a lapse in coverage but also, it could be possible to get a discount from many insurers.
Different insurance companies offer different discounts and may not offer the same amount of savings. All insurers offer discounts for bundling policies. These are the best savings, especially when you consider auto and home bundles. Before purchasing a policy, it is worth talking to a company agent to find out which discounts are available and how much savings you could make by applying them.
Questions frequently asked
Which Nevada state has the lowest car insurance?
Rates vary widely among insurers, so the cheapest car insurance in Nevada depends on your personal needs, driving record, credit score and what discounts you are eligible for. Although average rates are a guideline of what to expect from an insurer, rates can vary by zip code as well as between states. It is therefore important to shop around for the best rates in your area.
What information do you need to obtain Nevada car insurance?
To purchase car insurance, you will need your driver’s license as well as the vehicle registration. You will need to provide proof of insurance if you are changing from an existing insurance company.
What are other types of insurance I can buy for my car?
Collision coverage can be purchased, which covers you for medical expenses and damages to your vehicle as a result of a collision. Comprehensive coverage protects you from theft or any other damage that your vehicle may sustain. You may also be able to add endorsements or purchase separate policies. Ask your insurance agent which add-ons might be most appropriate for your needs.
What amount of Nevada car insurance do I need?
The minimum liability insurance requirements for Nevada are $25,000 for bodily injury or death of one person in any one accident, $50,000 for bodily injury or death of two or more persons in any one accident, and $20,000 for injury to or destruction of property of others in any one accident.
