Mercury offers the cheapest minimum coverage for most low-income drivers with clean records and good credit in Nevada. Nationwide and Progressive are often more affordable for drivers with bad credit or violations.
Cheapest Low-Income Car Insurance in Nevada
Updated: February 5, 2025
Advertising & Editorial Disclosure
Key Takeaways
While Nevada doesn't have a low-income car insurance program, residents can find affordable plans that meet state minimum coverage requirements.
For most low-income drivers in Nevada, Mercury, Nationwide, CIG and COUNTRY Financial are the cheapest insurance options.
Comparing providers and seeking discounts can help drivers save the most on car insurance.
Cheapest Car Insurance Companies for Low-Income Drivers in Nevada
| Mercury | Young Drivers | $57 |
| Mercury | Adults | $42 |
| Nationwide | Seniors | $45 |
| Nationwide | Drivers With a Speeding Ticket | $53 |
| Progressive | Drivers With a DUI | $75 |
| Nationwide | Drivers With an Accident | $73 |
| Nationwide | Bad Credit | $59 |
*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.
Compare Cheap Low-Income Car Insurance Providers
Use the table to find the most affordable provider for your driver profile.
Data filtered by:Results filtered by:
Select
Age Range:30-59
Select
Driving Record:Clean
Select
Credit Score:Good
Select
Coverage Level:State Minimum Liability Only
| Mercury | $42 | $503 |
| Nationwide | $46 | $548 |
| Progressive | $54 | $644 |
| CIG | $56 | $677 |
| COUNTRY Financial | $60 | $718 |
Cheapest Car Insurance for Families With Low Income in Nevada
In Nevada, Nationwide provides the most affordable minimum coverage for low-income married couples with a teen at $93 monthly. Single parents with a teen can get the best family plan from State Farm at $174, while GEICO offers the lowest rate for adding a spouse without a teen at $43.
Data filtered by:Results filtered by:
Select
Family Type:Married Couple with Teen
| Nationwide | $1,114 | $93 |
| State Farm | $1,316 | $110 |
| CIG | $1,544 | $129 |
| Allstate | $1,601 | $133 |
| Travelers | $1,715 | $143 |
| Progressive | $1,729 | $144 |
| GEICO | $1,908 | $159 |
| Kemper | $1,956 | $163 |
| Farmers | $2,109 | $176 |
*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.
Tips to Save On Car Insurance for Low-Income Drivers
Here are some ways to reduce your car insurance costs:
- 1
Choose minimum coverage
Minimum coverage meets legal requirements affordably but offers only basic protection. It may not cover all costs if you're at fault in an accident.
- 2
Compare quotes
Get quotes from multiple insurance providers to find the most affordable option. Use tools like online comparison sites, independent brokers, provider agents and provider websites for a thorough evaluation.
- 3
Look for discounts
Insurance companies offer discounts for good students, safe drivers and military members. Depending on your location, completing a defensive driving course can save you 10% on premiums for at least three years.
- 4
Increase your deductible
To reduce premiums, opt for a higher deductible on collision or comprehensive coverage. Ensure you can afford it should you need to file a claim.
- 5
Consider pay-per-mile insurance
For low-mileage drivers, pay-per-mile insurance combines a minimal base rate with a per-mile fee, charging only for the miles driven.
- 7
Get a cheaper car
A vehicle's make, model and year affect insurance rates, as they impact repair and replacement costs. Opting for a cheaper car to insure can save you hundreds each year.
Minimum Car Insurance Requirements in Nevada
Nevada residents must meet these minimum car insurance requirements:
- $25,000 in bodily injury liability per person
- $50,000 in bodily injury liability per accident
- $20,000 in property damage liability per accident
If you're leasing or financing a vehicle, you'll need a liability coverage split of 100/300/100, plus comprehensive and collision protection.
WHY MINIMUM COVERAGE MAY NOT BE RIGHT FOR YOU
Minimum car insurance pays for the other driver's costs if you're at fault in an accident but doesn't cover your car repairs or legal fees. If you drive frequently or can afford it, consider more coverage for better financial protection in case of an accident.
Cheap Low-Income Car Insurance in Nevada: Bottom Line
Mercury is the most affordable car insurance provider for most low-income drivers with clean records and good credit in Nevada. Progressive and Nationwide offer the cheapest options for high-risk drivers. To find the best deal, explore providers through different methods.
Low-Income Auto Insurance in Nevada: FAQ
Finding cheap car insurance is hard for low-income drivers. Here are answers to common questions on saving money.
What is the cheapest car insurance for low-income drivers in Nevada?
Minimum coverage is often the most affordable for low-income drivers, even if leasing or financing a vehicle requires additional insurance. Mercury offers Nevada's lowest auto insurance rates: $42 for minimum coverage and $62 for full coverage.
Does Nevada have a state-supported low-income car insurance program?
Nevada has no state-supported low-income car insurance program.
Does your income affect the cost of car insurance in Nevada?
Income doesn't directly affect car insurance costs in Nevada. Factors like driving history and vehicle type play larger roles in determining premiums.
How We Chose the Cheapest Car Insurance for Low-Income Drivers
Study Overview
MoneyGeek analyzed Nevada auto insurance rates using data from the Nevada Division of Insurance and Quadrant Information Services.
Data Acquisition, Depth and Analysis
MoneyGeek reviewed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Nevada.
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Nevada:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.
Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.
Coverage Levels and Deductibles
Our data shows rates for minimum coverage, which follows the requirements set by Nevada law and offers affordable options for low-income drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.