If you're accident-prone and live in Las Vegas, you may need to hit the slots to afford your car insurance—especially if you're a woman. Like anywhere, drivers in "Sin City" with tickets and accidents pay more for coverage than drivers with clean records. But a recent study from QuoteWizard shows that insurance companies are far less forgiving of Las Vegas drivers than they are of motorists in other cities.
Vegas drivers with tickets or accidents pay an astounding $460 more a year on average than drivers with spotless driving records. This discrepancy among Las Vegas drivers is even more pronounced when compared to similar cities like Denver and Phoenix, where insurance companies are more forgiving about tickets and accidents.
For example, drivers with tickets or accidents in Phoenix pay an average of $312 more annually than those with clean records. In Denver, drivers with tickets or accidents pay an average of $180 more annually than those without.
Women with incidents on their records will have a particularly hard time finding reasonable rates. After surveying 500 Las Vegas drivers on their insurance premiums, driving history, age, and gender, we found that women with tickets and accidents pay $190 more a year than men with tickets and accidents.
Another surefire way to spike your insurance rates is to drive a newer car. In Vegas, those driving a newer model car (from 2010 to 2014) will pay almost $400 more than someone driving an older vehicle (2000 to 2004).
Keep reading to find out how much car insurance costs for all sorts of Las Vegas drivers. We'll break down the average rates by gender, company, and car make and model, so you can see specifically how your rates stack up against the rest of the city.
Average Monthly Car Insurance Rate
Gas prices have dropped over the past few years, making driving a more attractive option no matter where you live. But lower driving costs aren't seen as a positive by everyone.
Insurance companies view more people on the road as an increased driving hazard. As a result, car insurance rates have risen nationally 9.6 percent. On average, Americans pay $1,222 a year for auto coverage.
Although rates have increased across the country, Las Vegas drivers generally pay even more for their policies at $1,656 a year.
Average in Las Vegas = $138
The average monthly cost for car insurance in Las Vegas is $138. That's about $37 more a month than the average American.
Remember though, you may pay less (or more) than this based on other factors including your age, gender, and insurance company.
Males = $140
On average, males in Vegas pay slightly more for car insurance than the typical city driver at $140 a month. This follows the nationwide trend of men paying more than women for coverage.
Females = $137
Women pay a little less than men for their auto insurance with a $137 monthly premium. Although women have the advantage in Vegas when you look at the city average, women still pay more than men if they have tickets or accidents on their driving records.
Average Rate by Age
Aged 18 to 24 = $171
A quick glance at the chart above will show you that 18- to 24-year-olds in Vegas pay the highest rates by far. Whether you're in a large city like Vegas, or a smaller town like Pflugerville, Texas, if you're 24 years or younger you'll pay top dollar for car insurance.
Because younger drivers have less experience than most other drivers on the road, insurance companies charge them sky-high prices.
Aged 25 to 34 = $147
Rates are considerably lower for Vegas residents once they turn 25. Drivers in the 25- to 34-year-old age range should expect to pay around $147 a month. They'll save $288 more a year than someone from the previous demographic.
Aged 35 to 44 = $143
Your rates continue to drop when you turn 35. Although it's a small difference, lower premiums can be attributed to more driving experience—and with it, less accidents.
Aged 45 to 54 = $146
You might see a slight increase in rates when you hit the 45-to-54 demographic. This is likely because people in this age group tend to have more than one car. They might also have a teen driver added to their policy.
Aged 55 to 64 = $116
Getting older isn't all bad. People aged 55 to 64 in Vegas receive some of the lowest insurance rates in the city.
At $116 a month, they pay an astounding $55 a month less than drivers who are 18 to 24 years old. For those who don't want to do the math, that means they pay $660 a year less than their younger neighbors.
The Real Cost of Tickets and Accidents
Chances are you've gotten into an accident or been pulled over for speeding at some point in your life. Unfortunately, these incidents will cost you. See below to find out just how much your rates will increase in Sin City after a ticket or car crash.
Drivers who reported tickets or accidents 16%
Average monthly cost WITH tickets or accidents = $172
Average monthly cost WITHOUT tickets or accidents = $133
Out of the drivers we polled, 16 percent admitted to having tickets or accidents. Those 16 percent will see an average monthly rate increase of $39. That ends up being $468 a year!
Women in particular will see a spike in their rates after a splotchy incident. Their premiums generally go up almost $200 more than a male driver's after getting into a crash or getting a ticket.
Although women tend to pay less than men for auto coverage across the country, Las Vegas isn't the only city to charge females higher rates. Women there with tickets and accidents pay $312 more a year, while women in Atlanta with splotchy incidents pay $132 a year more than their male counterparts.
Why do women get the short end of the stick here? Higher rates indicate that insurers see women as high-risk drivers or, yes, worse drivers than men in these cities. They likely have more tickets and accidents on their records, or at least more serious incidents.
This certainly seems to be the case in Las Vegas. Based on recent data, QuoteWizard’s comparison tool found that women in Vegas speed more than men. Of incidents men and women are involved in, we found that women are involved in a higher percentage of speeding tickets (28 percent of incidents by women are speeding tickets) compared to 23 percent of incidents by men.
Rates by Age With Tickets or Accidents
People aged 18 to 24 pay more for car insurance. This also holds true if they have tickets or accidents. At $188, younger drivers pay the highest rates in Vegas, with those aged 25 to 34 and 45 to 54 paying the second most at $168.
Driving a Newer Car Costs More to Insure
Unsurprisingly, driving a new car almost always costs more to insure. While this largely holds true for Las Vegas, shockingly, cars from 2015 to 2017 are cheaper to insure than cars from 2010 to 2014.
Rates by Age of Car
As you can see above, 2010 to 2014 cars cost the most to insure in Sin City. Oddly, newer cars from 2015 to 2017 cost $22 less a month for coverage. That means you'll pay $264 to have an older vehicle on the road.
This is in contrast to other cities like Denver and Seattle, where newer cars from 2015 onwards are the most expensive to insure. In Denver, a car from 2015 to 2017 costs $14 more to insure than a car from 2010 to 2014. Similarly, you'll pay $19 more a month in Detroit to upgrade from a 2010-to-2014 vehicle to a 2015-to-2017 model.
Average Rates by Car Make and Model
The kind of car you have matters to your insurance company. Take a look at the average premiums for the most popular makes and models in Vegas.
Top 10 Most Common Cars by Rate
Insurers look at a number of factors to come up with your monthly premium. Besides your age and driving record, the type of car you own also can influence your rates, as you can see above.
For instance, someone driving a Honda Accord will pay $119 a month, whereas someone driving a BMW 5 Series in the same city might pay around $50 more a month for the same coverage. So while the Honda Accord owner ends up saving $228 a year more than the average Las Vegas driver, the BMW owner pays $384 more annually for auto coverage.
Most Expensive Makes to Insure
Driving a luxury car will cost you beyond your initial down payment. Expect to pay increased costs if you're upgrading to one of the above makes.
Cheapest Makes to Insure
If you're trying to lower your monthly premium, you might want to think about getting a Chevrolet or Jeep. These makes will only set you back $130 to $131 a month on average, or about $7 less than the average city driver.
Car Insurance Rates by Top Companies (and Ratings, Market Share)
Besides your driving record, one of the biggest factors in how much you pay for car insurance is the company you choose. Since no insurer weighs each factor the same, you could end up with drastically different rates across various companies.
This is why shopping around is one of the best and easiest ways to save on your car insurance. When you compare car insurance quotes, you'll find the lowest price for the coverage you want.
Rates for 18-24 Year Olds
You can see that rates differ drastically by company. State Farm offers the best deal for those aged 18 to 24, while AAA charges a whopping $194 a month. That's over a $50 price difference just for using a different company.
Still, no matter what company you end up with, you'll have to pay more than the average Vegas driver if you're in this age group.
Rates for 25-34 Year Olds
As you've read, overall people in this age group enjoy lower rates than those aged 18 to 24. But your insurance company still matters.
In fact, depending on your company, you could pay more when you turn 25. Allstate, for instance, costs an average of $159 for 18-to 24-year-olds, but jumps up to $172 for 25- to 34-year-olds.
If this happens to you, don’t rule out shopping around and switching to a cheaper car insurance company. Other companies like AAA, Farmers, or even Progressive offer much lower rates—at least for this demographic.
Rates for 35-44 Year Olds
Don't get lazy and stop comparing rates after you've done it once. Since your age is a factor in determining your premium, you'll want to shop around once a year to make sure you're getting the best rate possible.
For instance, Geico offers the lowest rates for those 35 to 44, where previously its prices were around average when compared to its competition. Even Farmers, the next closest competitor at $133, is $7 more a month. This may seem trivial, but by switching to Geico you'll save $84 a year.
Rates for 45-54 Year Olds
Interestingly, Allstate, which had been on the high end for the last two age groups, jumps down to offering the second-cheapest option available in Vegas. Still, State Farm edges out Allstate by $14 a month. With State Farm at $120 a month, you'll save $216 more than the average Sin City driver.
Rates for 55-64 Year Olds
You'll see dramatic differences in rates from the 45-to-54 age group and the 55-to-64 demographic. For instance, AAA reduced its prices for those aged 55 to 64 by $84 a month, or over $1,000 a year. Similarly, Progressive customers save over $900 a year on insurance once they reach the 55- to 64-year-old demographic.
If your rates increase once you reach this age group (barring no serious accidents), shop around! Based on the chart above, some companies are charging rates that are $50 less on average than what the typical Las Vegas resident pays.
AAA tops the list as the insurance company customers are most satisfied with in Vegas. While AAA does offer lower prices for some age groups, they charge the most for those aged 18 to 24, and are nearly the most expensive option for two other demographics. It's safe to say the company likely provides good customer service and takes care of claims quickly.
Other highly ranked companies include State Farm and Allstate, who both offer reasonable rates for the most part.