In Nevada, full coverage car insurance averages $1,967 annually, while state minimum coverage is about $1,049. These rates are $671 and $454 more expensive, respectively, than the national average, making Nevada's policies less affordable.
Average Cost of Car Insurance in Nevada
Updated: December 20, 2024
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Key Takeaways
Drivers in the Silver State pay about 52% more for full coverage car insurance than the national average.
The cost for minimum coverage is roughly 76% higher than the national average.
In Nevada, the average cost of car insurance is $1,967 for full coverage and $1,049 for minimum coverage, making it one of the pricier states for car insurance.
How Much Is Car Insurance in Nevada?
| Full Coverage | $1,967 | $1,296 | 52% |
| State Minimum Liability Only | $1,049 | $595 | 76% |
Read More: Average Cost of Car Insurance
Nevada Car Insurance Rates by Coverage Level
Your choice of coverage level impacts your car insurance rate in the Silver State. Opting for higher liability limits and full coverage can up your rate, while a higher deductible might lower your premium. Below, find the average rates for minimum and full coverage in Nevada, showing how deductibles and liability limits make a difference.
| 300/500/300 | Full Coverage | $2,325 | $500 |
| 300/500/300 | Full Coverage | $2,205 | $1,000 |
| 300/500/300 | Full Coverage | $2,185 | $1,500 |
| 100/300/100 | Full Coverage | $2,088 | $0 |
| 100/300/100 | Full Coverage | $1,967 | $1,000 |
| 100/300/100 | Full Coverage | $1,948 | $1,500 |
| State Minimum | Full Coverage | $1,700 | $500 |
| 300/500/300 | Liability Only | $1,673 | $0 |
| State Minimum | Full Coverage | $1,579 | $1,000 |
| State Minimum | Full Coverage | $1,560 | $1,500 |
| 100/300/100 | Liability Only | $1,437 | $0 |
| State Minimum | Liability Only | $1,049 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average Nevada Car Insurance Cost by City
Car insurance rates in Nevada's cities can change because of crime, traffic, weather, the price of health care and car fixes. For example, Las Vegas has an annual full coverage rate of $1,944, Reno is more affordable at $1,238 and Sunrise Manor tops the list at $2,242. Check the table below to see how your city stacks up against the state average.
| Enterprise | $2,003 | 5% | $1,086 | -1% |
| Henderson | $1,779 | -7% | $970 | -11% |
| Las Vegas | $1,944 | 2% | $1,061 | -3% |
| North Las Vegas | $2,056 | 8% | $1,109 | 1% |
| Paradise | $2,008 | 5% | $1,087 | -1% |
| Reno | $1,238 | -35% | $615 | -44% |
| Sparks | $1,235 | -35% | $621 | -43% |
| Spring Valley | $2,072 | 9% | $1,123 | 2% |
| Sunrise Manor | $2,242 | 17% | $1,217 | 11% |
Average Nevada Car Insurance Cost by Age
In Nevada, your age can change what you pay for car insurance. Young drivers are seen as riskier, so they often have higher rates. On average, 25-year-olds pay 22% more for full coverage and 19% more for minimum coverage than 40-year-olds. Compared to 65-year-olds, the cost for 25-year-olds jumps to 21% more for full coverage and 14% more for minimum coverage.
| 25 | $2,410 | $1,251 |
| 40 | $1,967 | $1,049 |
| 65 | $1,993 | $1,101 |
Unlike most places, your age doesn't affect the price of minimum coverage in California, Massachusetts and Hawaii.
Car Insurance Costs in Nevada for Young Drivers by Gender
In Nevada, young drivers face higher car insurance costs due to increased risk from higher accident rates. Drivers aged 18 to 25 pay about $2744 per year when added to a family policy, which is 20% less than an individual policy at $3287. Gender also influences these rates; young female drivers pay an average of $3150 per year, which is 8% less than the $3425 paid by male drivers. Below, you'll find the average car insurance costs for individual and family policies for young Nevada drivers, broken down by gender.
Car Insurance Costs in Nevada for Young Females
An 18-year-old female in Nevada pays an average of $2,834 for full coverage when added to a family car insurance policy. If she chooses an individual policy, her rate jumps to $5,808.
| 18 | $5,808 | $2,834 | -51% |
| 19 | $3,767 | $3,244 | -14% |
| 20 | $3,346 | $2,892 | -14% |
| 21 | $2,855 | $2,471 | -13% |
| 22 | $2,673 | $2,814 | 5% |
| 23 | $2,424 | $2,543 | 5% |
| 24 | $2,350 | $2,467 | 5% |
| 25 | $1,978 | $2,103 | 6% |
Car Insurance Costs in Nevada for Young Males
An 18-year-old male in Nevada pays around $6,479 for full coverage car insurance on her own. Adding him to a family policy drops the cost to $3,077, saving 52% annually.
| 18 | $6,479 | $3,077 | -53% |
| 19 | $4,122 | $3,456 | -16% |
| 20 | $3,788 | $3,202 | -15% |
| 21 | $3,083 | $2,597 | -16% |
| 22 | $2,830 | $2,918 | 3% |
| 23 | $2,596 | $2,654 | 2% |
| 24 | $2,433 | $2,489 | 2% |
| 25 | $2,065 | $2,136 | 3% |
Average Nevada Car Insurance Cost by Driving Record
In Nevada, traffic offenses can hike your car insurance premiums by 22% to 65%, depending on the violation. We compare the average rates for drivers with at-fault accidents, speeding tickets and DUIs to those with a clean slate.
| At-Fault Accident | $3,143 | 65% | $1,651 | 51% |
| DUI | $3,137 | 64% | $1,663 | 52% |
| Ticket | $2,550 | 34% | $1,340 | 22% |
Read More: High-Risk Car Insurance in Nevada
Average Nevada Car Insurance Cost by Credit Score
Your credit-based insurance score may affect your car insurance prices in Nevada. Expect to pay about $1,243 a year if you have great credit. If your credit is not so good, it could be around $2,346.
| Excellent | $1,243 | -35% | $546 | -50% |
| Good | $1,518 | -20% | $668 | -39% |
| Fair | $1,791 | -6% | $784 | -28% |
| Below Fair | $2,032 | 7% | $887 | -19% |
| Poor | $2,346 | 23% | $999 | -9% |
CREDIT SCORES AND YOUR PREMIUM
A credit score of 670 to 739 indicates financial reliability and can reduce insurance rates for Nevada drivers. Insurers can't use credit scores for pricing in Hawaii, Massachusetts, Maryland, California and Michigan. In North Carolina, Oregon, Washington, Utah and Nevada, credit scores are considered only in specific cases.
Average Nevada Car Insurance Cost by Company
Car insurance rates can vary from one company to another, even within the same state. Mercury has the most affordable average yearly full coverage in Nevada at $743. On the other hand, Dairyland's average is $4,467, which is 31.12% more than what most folks in Nevada pay.
| Mercury | $743 | $503 |
| Country Financial | $840 | $459 |
| Nationwide | $1,080 | $548 |
| Capital Insurance Group | $1,305 | $677 |
| Travelers | $1,341 | $782 |
| American Family | $1,574 | $1,037 |
| Progressive | $1,750 | $728 |
| State Farm | $1,934 | $1,067 |
| Farmers | $1,937 | $1,229 |
| GEICO | $2,108 | $1,053 |
| Nevada General Insurance | $2,337 | $1,307 |
| Allstate | $2,362 | $1,543 |
| Kemper | $2,795 | $1,248 |
| CSAA | $2,933 | $1,372 |
| Dairyland | $4,467 | $2,180 |
Read More: Cheapest Car Insurance Companies in Nevada
Average Nevada Car Insurance Cost by Vehicle Age
In Nevada, newer cars have higher insurance premiums, averaging $1,877 annually for full coverage, compared to $1,627 for older models. This is due to the higher value and repair costs of new cars.
| 10-Year-Old Vehicle | $1,627 | $852 |
| New Model Vehicle | $1,877 | $814 |
ACTUAL CASH VALUE
The actual cash value (ACV) is the worth your insurer assigns to your car before any damage. In a comprehensive or collision claim, the ACV helps determine the highest payout for repairs or replacement, subtracting any deductible. This method ensures the claim mirrors the car's fair market value.
Read More: Used Car Insurance
Nevada Car Insurance Rates Explained
In Nevada, car insurance rates often differ from the national average. Factors like your driving history, age, vehicle type and credit-based insurance score play a role in determining whether you'll find rates affordable or pricier. We're here to help you navigate these costs.
Is Car Insurance Expensive in Nevada?
Car insurance in Nevada is more expensive, with an average full coverage cost of $164 per month, about 52% higher than the national average.
Read More: Why Car Insurance is So Expensive
Car Insurance Costs in Nevada vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
Nevada Average Cost
Full Coverage Car Insurance
$164NV Car Insurance Is Expensive:$56 more
This is 52% more expensive.
Why Are Car Insurance Rates Expensive in Nevada?
Nevada's car insurance rates are high due to factors like dense population areas and strict legal requirements. These elements lead to more claims and higher costs for insurers, which translates to pricier premiums
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in Nevada
While Nevada's average car insurance rates reflect broad factors, your price hinges on personal details. To estimate your costs, consider your driving record, car type and coverage choices, such as state minimum or comprehensive plans.
Driving Record
Safe driving habits can lead to fewer accidents and traffic violations, potentially qualifying you for lower insurance premiums due to reduced risk.
Age and Gender
Younger drivers and males typically face higher rates. If you're in these groups, shop for insurers offering more competitive pricing.
Credit History
A higher credit score can influence lower car insurance rates. Pay bills on time and reduce debt to improve your credit and insurance costs.
Vehicle Type
Insurance costs can vary depending on the car type. To reduce your premiums, opt for a vehicle with a strong safety record and lower theft rates.
Location Within Nevada
Living in areas with lower crime and accident rates can lead to cheaper car insurance. Consider this when moving or comparing rates.
Coverage Level
Higher deductibles can lower your premium but ensure you can afford the out-of-pocket costs. Balance coverage and cost to find an affordable plan.
Marital Status
Married drivers may receive lower rates due to perceived stability. Inform your insurer about any changes in marital status to potentially lower your rate.
State Law
Nevada's insurance requirements can affect rates. Stay informed about state laws to ensure you have the necessary coverage without overpaying.
Read More: Nevada Car Insurance Calculator
Minimum Car Insurance in Nevada
In Nevada, the average state minimum car insurance rate is $1,049, about 76% higher than the national average of $595. This minimum coverage is more affordable than full coverage but still exceeds national norms. Below is a table outlining Nevada's minimum insurance requirements.
Nevada Car Insurance Requirements
In Nevada, drivers must have minimum coverage auto insurance. This includes $25,000 for bodily injury per person, $50,000 per accident and $20,000 for property damage.
Liability Limits | Description |
|---|---|
$25,000 for bodily injury liability per person | Bodily injury liability per person covers medical expenses if you cause an accident |
$50,000 for bodily injury liability per accident | Minimum bodily injury liability per accident covers for multiple injured parties |
$20,000 for property damage liability per accident | Property damage liability per accident to cover repairs or replacement of damaged property |
How to Lower Car Insurance Costs in Nevada
Save on Silver State car insurance by comparing rates, increasing your deductible and getting discounts.
- 1
Compare Multiple Quotes
Researching multiple insurance providers can help you find the cheapest car insurance in Nevada, potentially saving you hundreds of dollars annually.
- 2
Lower Your Risk Profile
A better credit score or clean driving record, without at-fault accidents or moving violations, can significantly lower insurance premiums because insurers view you as a lower risk.
- 3
Adjust Your Coverage
Reviewing coverage needs can help ensure you're paying only for what you need. For example, drivers who can afford it can lower costs with increased deductibles, and low-mileage drivers can decrease costs with usage-based policies.
- 4
Ask for Discounts
Inquire about discounts for safe driving, good grades, anti-theft devices, completing a state-approved defensive driving course and bundling policies, as these can lead to drastically lower premiums.
- 5
Consider the Car You Drive
Driving a car that's less expensive to insure, such as one with good safety ratings, can lead to lower insurance costs in the Palmetto State.
Read More: How to Reduce Your Car Insurance Costs
Auto Insurance Rates in Nevada: Bottom Line
In Nevada, full coverage car insurance averages $1,967 annually, over 50% higher than the national average. Factors like driving history, car type and age influence rates. Compared to other states, Nevada is pricier for car insurance.
Nevada Car Insurance Rates: FAQ
Discover what affects car insurance costs in Nevada. Learn how to find affordable rates for your needs.
What are the minimum car insurance requirements in Nevada?
In Nevada, the minimum car insurance requirements include bodily injury liability of $25,000 per person and $50,000 per accident and property damage liability of $20,000 per accident.
What is the average cost of full coverage and minimum coverage auto insurance in Nevada?
In Nevada, the average annual cost for full coverage auto insurance is $1,967, while the state minimum coverage averages $1,049.
What is the average cost of car insurance for a 25-year-old in Nevada?
The average cost of car insurance for a 25-year-old in Nevada is $2,410 for full coverage and $1,251 for state minimum coverage.
What are the cheapest car insurance companies in Nevada?
Mercury offers the most affordable car insurance in Nevada, with full coverage at $743 annually and minimum coverage at $503.
Nevada Auto Insurance Cost: How We Determine Average Rates
We used a sample driver profile with the following attributes to determine average car insurance rates in Nevada:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following minimum liability-only limits as mandated by Nevada:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $20,000 for property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.