Las Vegas Auto Insurance: Is It Expensive?

Las Vegas car insurance costs are higher than the national average. The average cost of car insurance in Las Vegas is $3,332 per year, $2,007 per year, $1,948 per year, $2,640 per year, or $1,767 per year, depending on the source. The cost of car insurance in Las Vegas depends on age, coverage level, location, driving record, and credit history.

Las Vegas car insurance costs

Car insurance costs in Las Vegas are higher than both the state and national averages. The average cost of car insurance in Las Vegas is $1,944 per year for a full coverage policy, while the average cost of car insurance in Nevada is $1,974 per year, and the national average is $1,548 per year.

The cost of car insurance in Las Vegas varies depending on factors such as age, gender, marital status, driving history, and credit score. For example, the age group that enjoys the lowest auto insurance rates in Las Vegas are drivers in their 50s, who pay an average of $2,485 per year. Married drivers in Las Vegas also pay less for auto insurance, with an average of $186 less than single drivers.

The cost of car insurance in Las Vegas also depends on the insurance company. In Las Vegas, GEICO offers the cheapest rates for the average insurance customer. The cost of car insurance can also vary by ZIP code, with some areas having higher rates due to factors such as crime, theft, and uninsured motorists.

It is important to shop around and compare quotes from multiple companies to find the cheapest car insurance in Las Vegas, as rates can vary significantly between companies. Additionally, there are several strategies that drivers in Nevada can use to try to lower their rates, such as bundling policies, maintaining a clean driving record, and improving their credit score.

Las Vegas car insurance by company

Las Vegas is one of the most expensive cities in the US for car insurance. The average cost of car insurance in Las Vegas is $357 per month for full coverage and $158 per month for minimum coverage. The cost of car insurance in Las Vegas depends on the insurance company, age, gender, marital status, vehicle, and credit history. Here is a list of some of the best car insurance companies in Las Vegas:

• Travelers: Best for Las Vegas drivers. Offers affordable coverage for many Las Vegas drivers with extra options like gap insurance and accident forgiveness.
• USAA: Best for military members in Las Vegas. Offers low rates for military members and veterans and their families, as well as military-specific discounts and programs.
• Geico: Best discount variety in Las Vegas. Offers 16 car insurance discounts based on vehicle, driving record, affiliation, and more.
• State Farm: Good option for students in Las Vegas. Offers multiple discounts and programs for young drivers and students.
• Progressive: Good usage-based insurance in Las Vegas. Offers reasonable rates for high-risk drivers and plenty of add-on coverage options.

Las Vegas car insurance by age

The cost of car insurance in Las Vegas varies depending on age, gender, and marital status.

Teenagers

For teenagers, car insurance in Las Vegas is the most expensive. The rates are higher for teens because they are more prone to road accidents due to their lack of experience on the road. The average cost of car insurance for teens in Las Vegas is $10,376 per year or $865 per month.

Young Adults

Car insurance rates decrease as teens grow older. Young adults in their 20s can expect to pay an average of $4,742 per year for car insurance in Las Vegas. This is a significant drop from the rates paid by teenagers.

Adults

The average cost of car insurance for adults in their 30s and 50s in Las Vegas is around $2,500 per year. This is lower than the rates paid by young adults, as insurance companies consider adults to be more experienced and safer drivers.

Seniors

Seniors aged 60 and above will see a slight increase in their car insurance rates compared to middle-aged drivers. The average cost of car insurance for seniors in Las Vegas is around $2,700 per year. This increase is due to a higher risk factor associated with older drivers.

Las Vegas car insurance by gender and marital status

When it comes to car insurance in Las Vegas, gender and marital status can impact the rates that drivers pay. Let's take a closer look at how these factors affect insurance premiums in the city.

Gender

In Las Vegas, gender plays a role in determining car insurance rates, with female drivers typically paying more than male drivers for comparable policies. On average, female drivers in Las Vegas pay approximately $174 more per year for their car insurance than their male counterparts. This difference in pricing is based on data that suggests female drivers are more likely to be involved in accidents and file insurance claims.

Marital Status

Marital status is another factor that influences car insurance rates in Las Vegas. Single drivers generally pay higher premiums compared to married drivers. On average, married drivers in Las Vegas save about $186 per year on their car insurance compared to single drivers. This is because married individuals are considered lower-risk by insurance companies, as statistics show that they tend to file fewer claims.

Widowed individuals also benefit from lower insurance rates compared to single drivers. Interestingly, in some cases, widowed drivers in Las Vegas may even pay less for their insurance than married couples, although this can vary depending on other factors.

It's important to note that these rates are based on averages and may not reflect the exact pricing for every individual. Insurance companies consider various factors when calculating premiums, including age, driving history, credit score, and the specific neighbourhood or ZIP code where the driver resides.

Las Vegas car insurance by incident history

Maintaining a clean driving record is an effective way to minimize your insurance rates in Las Vegas. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets will all contribute to an increase in your car insurance rates.

• Reckless driving citation: $1,387 increase per year
• DUI: $1,241 increase per year
• Speeding ticket: $705 increase per year

In addition to these common incidents, other factors that can impact your car insurance rates in Las Vegas include your age, gender, marital status, and credit score.

It's important to note that insurance companies may also take into account the ZIP code of your residence when determining your rates, as crime, theft, and uninsured motorist rates can vary by area.

Frequently asked questions