Auto Insurance In Las Vegas: What's The Cost?

Las Vegas is one of the most popular entertainment cities in the U.S., with a constant flow of traffic on its roads. This is one of the reasons why the city's average auto insurance rate is about 174% higher than the national average. The average cost of car insurance in Las Vegas is $143 per month or $1,714 per year for minimum coverage and $291 per month or $3,494 per year for full coverage.

The cheapest car insurance companies in Las Vegas are USAA, State Farm, Geico, Travelers and Progressive.

Cheapest car insurance for teens

The cost of car insurance for teens in Las Vegas varies depending on factors such as gender, driving record, and the insurance company. Here is a list of the cheapest car insurance companies for teens in Las Vegas:

Nationwide

Nationwide offers the cheapest rates for both female and male teens in Las Vegas. For female teens, the annual cost is $2,600, while for male teens, it is $2,802.

State Farm

State Farm is the second cheapest option for teens in Las Vegas. The annual cost for female teens is $3,164.

Allstate

Allstate is the third cheapest option, but its rates are significantly higher than Nationwide and State Farm. The annual cost for male teens is $3,894.

It is important to note that these rates are based on adding a teen to a family policy. Purchasing a separate policy for a teen can be much more expensive. It is recommended that teens stay on their parents' policy to take advantage of cheaper rates. Additionally, insurance companies offer various discounts for young drivers and students, which can further lower the cost of car insurance.

Cheapest car insurance for young adults

Young adults in Las Vegas can expect to pay $473 per month for minimum-coverage insurance, on average. That's $341 more per month than a 30-year-old driver pays for the same coverage.

State Farm offers the cheapest rates for teenage drivers in Las Vegas. A minimum-coverage policy from State Farm costs around $228 per month for an 18-year-old driver, which is 52% cheaper than average. Full coverage from State Farm is also very affordable, at $403 per month, which is 56% cheaper than average.

USAA also offers affordable rates for young drivers, but it's only available to military members, veterans, and their families.

Young drivers usually pay more for insurance because they are more likely to make mistakes on the road and cause an accident. Teen drivers in Las Vegas can reduce their auto insurance rates by staying on a family policy or taking an additional driver's education class.

Cheapest car insurance for seniors

The cost of car insurance in Las Vegas varies depending on the company, the driver's age, credit rating, ZIP code and driving history.

The average cost of car insurance in Las Vegas is $1,944 per year for a full coverage policy. This is $199 higher than the cost of car insurance in Nevada and $679 higher than the US average.

• USAA: USAA is the cheapest option for seniors in Las Vegas, with an average rate of $1,242 per year for males and $1,262 per year for females.
• Geico: Geico is the second-cheapest option, with an average rate of $1,521 per year for males and $1,563 per year for females.
• State Farm: State Farm is another affordable option, with an average rate of $971 per year.
• Dairyland: Dairyland is the most expensive option for seniors, with an average rate of $4,452 per year.

Cheapest car insurance for poor credit

In Las Vegas, drivers with poor credit pay $451 per month for full coverage, on average. State Farm offers the best rates for drivers with a poor credit score, at $266 per month.

In Nevada, insurance companies can use non-driving factors like your credit score to determine your car insurance rate. Las Vegas drivers with poor credit pay $173 more per month for full-coverage insurance than those with good credit.

Capital Insurance Group (CIG) is another option for drivers with poor credit. CIG is a regional insurer that has been in business for over 125 years. To get a policy with CIG, you must go through an independent insurance agent — online quotes are not available.

Cheapest car insurance for sports cars

Sports car drivers in Las Vegas can find the cheapest full coverage car insurance from Capital Insurance Group (CIG) and State Farm.

CIG is a regional insurer that has been in business for over 125 years. It offers the cheapest minimum coverage car insurance in Las Vegas, with an average premium of $521 per year. However, State Farm offers the cheapest full coverage car insurance in Las Vegas, with an average premium of $1,040 per year.

Sports car insurance can be more expensive, but not always. In Las Vegas, a full coverage policy for a Ford Mustang is only $58 more per year than the same policy for a Toyota Camry.

Frequently asked questions