Understanding Auto Insurance Scores In Las Vegas

The cost of car insurance in Las Vegas depends on a variety of factors, including age, gender, marital status, driving history, and credit score. The average cost of car insurance in Las Vegas is $3,638 per year for full coverage or $1,204 per year for state minimum coverage, which is higher than the state average. The best cheap car insurance companies in Las Vegas include Geico, Progressive, American Family, State Farm, and USAA, with State Farm offering the cheapest liability-only insurance at $66 per month. When determining insurance rates, insurance companies also take into account the driver's ZIP code, with rates varying depending on population density and the likelihood of theft in the area.

Average car insurance costs in Las Vegas

The cost of car insurance in Las Vegas depends on several factors, including age, gender, marital status, vehicle type, and credit history. On average, car insurance in Las Vegas costs $3,638 per year or $303 per month for full coverage, and $1,204 per year for state minimum coverage. These rates are higher than both the state and national averages.

The cost of car insurance also varies depending on the insurance company and the driver's history. For example, drivers with a DUI or an at-fault accident on their record will typically pay higher rates. Additionally, younger and less experienced drivers tend to pay more for car insurance than older drivers.

When shopping for car insurance in Las Vegas, it is essential to compare quotes from multiple companies to find the best rate. Some of the cheapest car insurance companies in Las Vegas include GEICO, Progressive, and State Farm.

Cheapest car insurance companies in Las Vegas

According to Bankrate, Geico, Progressive, and Country Financial are the cheapest car insurance companies in Las Vegas for state minimum coverage. However, it is important to note that these are average rates, and a different insurance company could offer a cheaper rate based on your risk profile. Therefore, it is recommended to compare personalized quotes to determine the cheapest option for your specific needs.

In addition to the above-mentioned companies, the following providers are also considered to have competitive rates in Las Vegas:

• State Farm: Known for its affordable rates, especially for drivers with prior incidents such as speeding tickets, accidents, or poor credit.
• USAA: Available exclusively to military members, veterans, and their families, USAA is highly rated for its customer satisfaction and affordable premiums.
• Mercury: Offers competitive rates for both full and minimum coverage, along with local agents and unique coverage options like ride-hailing coverage.

Best car insurance companies in Las Vegas

When it comes to auto insurance in Las Vegas, there are several providers to choose from, and the best one for you will depend on your individual needs and circumstances. Here is a list of the best car insurance companies in Las Vegas, taking into account factors such as customer service, affordability, and coverage options:

USAA

USAA is consistently rated as one of the best car insurance companies in Las Vegas, with top scores for customer satisfaction from J.D. Power. However, their policies are only available to military members, veterans, and their families. They offer affordable rates, with premiums typically below the city average, and provide coverage options tailored to the needs of military personnel, such as discounts for vehicles garaged on military installations and affordable coverage during deployment.

State Farm

State Farm is an excellent option for those who are not eligible for USAA coverage. They offer the cheapest rates for both liability-only and full-coverage insurance in Las Vegas, with monthly premiums of $66 and $132 respectively. State Farm also has affordable rates for drivers with incidents on their records, such as accidents, speeding tickets, or poor credit. Additionally, they provide great customer service and high scores in J.D. Power surveys.

Geico

Geico is known for its digital tools and mobile app, which make it convenient for customers to manage their policies online. They are one of the cheapest carriers in Las Vegas, with competitive rates for full coverage. Geico also offers robust coverage options, including high-risk driver coverage, and a variety of discounts. Their performance in J.D. Power's 2024 U.S. Digital Experience Study suggests that they are well-suited for drivers who prefer managing their insurance through digital platforms.

Progressive

Progressive is another affordable option for car insurance in Las Vegas, with below-average rates for both full and minimum coverage. They stand out for their extensive list of discounts, including standard options like multi-car and multi-policy discounts, as well as unique offerings like their teen driver and homeowner discounts. Progressive also tends to price insurance generously for high-risk drivers with accidents or violations on their records, making them a good choice for those with less-than-perfect driving histories.

Mercury

Mercury Insurance is a good choice for drivers seeking local expertise and affordable rates. They have a network of local agents in Las Vegas who are knowledgeable about Nevada's insurance laws and can help you find the best policy for your needs. Mercury offers competitive rates and various discounts, including good driver, multi-car, good student, and anti-theft feature discounts. They also provide optional coverages like uninsured/underinsured motorist protection, collision protection, and comprehensive coverage.

Car insurance costs by age in Las Vegas

A good auto insurance score is one that helps you secure a lower premium. A good score is usually above 710, with the highest tier being 850 and above. However, a good auto insurance score alone may not be enough to secure a lower premium if other factors are not favourable.

Car insurance costs in Las Vegas vary depending on age, gender, driving history, and other factors. Here is a breakdown of car insurance costs by age in Las Vegas:

Teens (16- to 19-year-olds)

Teen drivers in Las Vegas pay the highest rates for car insurance due to their lack of driving experience. The average cost of car insurance for teens in Las Vegas is $10,376 per year or $865 per month. The rates can be lowered by adding teens to a parent's auto insurance policy.

Young Adults (20- to 24-year-olds)

As young drivers gain more experience behind the wheel, their insurance rates tend to decrease. In Las Vegas, young adults pay an average of $4,742 per year for car insurance, which is significantly lower than the rates for teens.

Adults (25- to 55-year-olds)

Car insurance rates continue to decrease as drivers enter their 30s and beyond. In Las Vegas, adults between the ages of 25 and 55 can expect to pay around $2,742 per year for their car insurance.

Seniors (60- to 75-year-olds)

Senior drivers often benefit from lower insurance rates due to their extensive driving experience and tendency to obey speed limits and follow road rules. In Las Vegas, seniors can expect to pay around $2,797 per year for car insurance.

It is important to note that these rates are averages and that individual rates may vary based on factors such as gender, driving history, and the insurance company. Additionally, insurance rates tend to fluctuate over time, so it is always a good idea to shop around and compare quotes from multiple insurers to find the best rate for your specific situation.

Car insurance costs by gender and marital status in Las Vegas

The cost of car insurance in Las Vegas varies depending on factors such as gender and marital status. According to The Zebra, female drivers in Las Vegas pay $174 more per year than male drivers. Additionally, married drivers in the city pay $186 less than single drivers for auto insurance. The average cost of full-coverage car insurance in Las Vegas is $2,888 per year, according to Policygenius, while the average cost of full coverage for married couples is $2,702.

The cost of car insurance in Las Vegas is also influenced by age and driving history. Teen drivers pay the most for insurance, with rates decreasing as drivers enter their 20s. Drivers in their 50s and 60s enjoy the lowest auto insurance rates in the city, with average annual premiums of $2,485 and $2,518, respectively. Maintaining a clean driving record can also help minimize insurance rates, as at-fault collisions, DUIs, and speeding tickets can increase premiums.

When shopping for car insurance in Las Vegas, it is important to compare quotes from multiple providers as rates can vary significantly. It is also worth considering the various discounts offered by insurance companies, such as good student discounts, low mileage discounts, and safe driver discounts. By combining the right coverage options and taking advantage of available discounts, drivers in Las Vegas can find the best value for their car insurance needs.

Frequently asked questions