Where to Buy Cheap Nevada Car Insurance
GEICO, Progressive and USAA offer the cheapest car insurance in Nevada, according to a QuoteWizard survey of companies that serve the state.
Nevada drivers pay an average of $552 per year when they get the minimum amount of car insurance the state requires from Progressive, for example. Also, drivers in Nevada pay an average of $983 per year for a full-coverage policy when they buy it from GEICO.
Those rates are far below the state averages for such policies. Based on our research, a typical Nevada driver spends $950 per year on minimum coverage and $1,688 per year on full coverage.
Continue reading to learn more about the above, as well as:
- Where to find cheap car insurance in Nevada
- Nevada’s best auto insurance companies
- Most popular car insurance companies in Nevada
- Nevada state-minimum auto insurance
Where can I get cheap car insurance in Nevada?
GEICO is the best option for drivers in Nevada who want cheap full-coverage auto insurance, with a $983 average annual premium. Progressive is the best option for cheap minimum auto insurance in the state, with a $552 average annual premium.
These rates are based on insurance quotes gathered for an average Nevada driver.
Many other insurers also offer affordable car insurance to the state’s drivers, our data shows. USAA is a good example. The average premium it offered our sample driver for a full-coverage policy was only $3 per month more than what GEICO offered for the same coverage.
Progressive also offers low-cost full-coverage auto insurance in Nevada. Its average premium of $1,106 was $10.25 per month more than GEICO’s average premium for this kind of policy, which often provides liability, collision and comprehensive coverage.
Progressive, USAA and GEICO are among Nevada’s cheapest insurance companies when it comes to state-minimum auto insurance, too.
Take USAA. The average premium it offered our sample Nevada driver for a state-minimum policy was less than $2 per month more than what Progressive offered for the same coverage.
And the average premium GEICO offered for minimum coverage was just over $3.50 per month more than Progressive’s average premium.
Because a number of rate factors determine what you pay for car insurance, the quotes these and other companies send you may be cheaper or more expensive than what you see here. Some of these rate factors include your age, your gender and your vehicle's make and model.
What are the best car insurance companies in Nevada?
Progressive, GEICO and USAA are the best car insurance companies in Nevada if you want cheap auto coverage, according to our data.
Progressive: best for cheap state-minimum car insurance in Nevada
Progressive offered our sample driver an average rate of $552 per year for the minimum amount of auto insurance Nevada requires.
This amount is a whopping $398 per year cheaper than the state average for minimum coverage. That’s a difference of over $33 per month for such a policy.
GEICO: best for cheap full-coverage car insurance in Nevada
GEICO offered our sample Nevada driver an average rate of $983 per year for full-coverage auto insurance.
This amount is $705 per year cheaper than the state average for a full-coverage policy. The monthly difference here is an eye-opening $58.75.
USAA: runner-up for cheapest car insurance rates in Nevada
If you own and drive a car in Nevada and you want cheap auto insurance, get quotes from USAA as well as Progressive and GEICO — if you can. Not everyone can get coverage from USAA because it only insures active military, veterans and certain family members.
Nevadans who are eligible to buy car insurance from USAA, though, should include it while shopping for coverage. The average premiums it sent to our sample driver were almost as affordable as the rates GEICO and Progressive sent.
For example, USAA offered our driver an average rate of $575 per year for state-minimum coverage. That’s only $23 per year more than what Progressive offered for the same type of coverage.
USAA also offered our driver an average rate of $1,019 per year for a full-coverage policy. That’s just $36 per year more than what GEICO offered.
What are the most popular auto insurance companies in Nevada?
State Farm is the most popular car insurance company in Nevada, according to data from S&P Global. It writes 18% of the state’s auto coverage.
GEICO, our pick for best cheap full-coverage car insurance, is the state’s second-largest insurer in terms of market share. It writes 16% of auto policies in Nevada.
|Insurance company||Nevada market share|
|Source: S&P Global|
Our pick for best cheap minimum coverage in Nevada, Progressive, writes 11% of the state’s car insurance policies. That’s enough for it to be fourth in terms of market share.
As for USAA, our runner-up for cheapest rates in Nevada — it is the sixth-largest car insurance provider here and writes 7% of the state’s auto coverage.
What are Nevada’s car insurance laws?
Like almost all states, Nevada requires drivers to have a minimum level of car insurance. In Nevada, the minimum amount of auto coverage is 25/50/20. This means drivers here must carry at least:
- $25,000 of bodily injury liability coverage per person.
- $50,000 of bodily injury liability coverage per accident.
- $20,000 of property damage liability coverage.
SR-22 insurance in Nevada
If the state suspends your driver’s license for failure to maintain insurance or for any other reason, you may need to file an SR-22 form to get it reinstated.
Specifically, you’ll need to file an SR-22 for three years from the date of your reinstatement. If you fail to maintain your SR-22 filing at any time during this period, you might have to start the three-year process over again.
We conducted a comprehensive study of auto insurance rates in Nevada through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.
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