Car insurance in Nevada

Posted on September 26, 2014

Nevada is not among the cheapest states to own a car. Still, Nevada auto owners can lower their rates by following a few simple steps when insuring their vehicles. Here’s the latest available information on car insurance in Nevada, along with stats, facts and helpful tips on lowering your premiums. Following a few simple guidelines can literally save you hundreds of dollars each year in Nevada car insurance.

Nevada Minimum Liability Coverage

Nevada has a minimum required coverage of 15/30/10 per owned vehicle. This means that Nevada drivers must purchase at least $15,000 in Personal Injury Protection (PIP), $30,000 of insurance to cover the cost of others who are injured, and another $10,000 in coverage against property damage. So Nevada state law requires a total of $55,000 in liability coverage per vehicle.

Penalties for Driving Without Insurance in Nevada

Penalties for getting caught driving without adequate insurance in Nevada include fines and license suspension, not to mention reinstatement fees and raised premiums. Subsequent offenses are met with harsher penalties.

Auto Insurance Rates in Nevada

The average annual car insurance premium for a vehicle owned in Nevada in 2016 was $1,221, a bit lower than the national average of $1,347.

Low Cost Car Insurance Programs in Nevada

Premiums in Las Vegas are roughly twice as high as they are in other parts of the state. So one way to lower your premiums if you live in Las Vegas is to move outside of Las Vegas.

Nevada allows auto insurance providers to offer usage-based insurance plans so that motorists can receive discounts. However, Nevada law forbids auto insurers from using GPS technology to track the exact location of the user.

The best way for driver in Nevada to get relatively low premium rates on car insurance is to qualify and apply for every available discount. Most car insurance carriers offer good driver discounts, good student discounts, senior citizen discounts, vehicle safety discounts, multiple auto discounts and quite a few others.

Obtaining Auto Insurance Quotes in Nevada

Based on recent customer satisfaction ratings, popular auto insurance providers in the state of Nevada include Allstate, Farmers, Geico, Progressive, State Farm, Travelers, and 21^st Century Insurance. The easiest way to obtain a low quote on auto insurance in Nevada is simply to call numerous carriers and ask their agents for free quotes. Factor in the discounts when comparing rates. If minimum coverage is your choice, simply choose the cheapest deal and you’re done.

Nevada Car Insurance

This page features information about Nevada car insurance that will help Nevada drivers save hundreds of dollars a year on premium rates. Then you can take that money to the bank. Or a casino. Whatever is your pleasure.

Read on and find out how to reduce the premium rates on your own personal Nevada auto insurance policy. Drivers in Nevada who are considering buying a car insurance policy (or switching providers) can find all the facts and data they need to know about car insurance demographics, and the many discounts that are available in Nevada.

Know about the types and legal limits of car insurance coverage Nevada drivers need. Select the best car insurance company for you, perhaps choosing from a list of the 10 largest car insurance companies in the state of Nevada, or from a list of the 10 largest car insurance companies in America. Scan Nevada poverty statistics, Nevada unemployment info, Nevada population data, Nevada median incomes, and other details that influence your auto insurance premium rates in Nevada.

Learn the statewide average annual premium rate for a Nevada car insurance policy, and find out where Nevada ranks among states in terms of average auto insurance premium rates. You can also check out the average annual car insurance premium rates for eight different zip codes in Nevada.

Scroll down and learn how to minimize your Nevada car insurance rates.

Nevada Car Insurance Statistics

Nevada is a very sparsely populated state, except for Las Vegas. The city of Las Vegas is home to nearly 624,000 people, which is more than 20 percent of the state’s total population. Las Vegas has a population density of about 4,298 people per square mile. The state of Nevada has a resident population of just under 3 million people, according to a 2016 census bureau population estimate.

A 2017 study conducted by researchers concluded that the statewide average annual premium rate for a car insurance policy purchased in the state of Nevada was about $1,746, as compared with the national average car insurance rate, which was around $1,355 at the time. In fact, Nevada is currently the 7^th most expensive state in America to buy car insurance.

The median age of the residents of Nevada is about 37.8 years. The state’s poverty rate is about 14.7 percent, a tad higher than the national average poverty rate of 13.5 percent. The unemployment rate in Nevada is approximately 4.7 percent, slightly overshadowing the national average unemployment rate of 4.4 percent.

A study group from the Insurance Research Council recently examined a random sample of drivers in the state of Nevada. The study showed that roughly 12.2 percent of registered autos in Nevada are uninsured. Nationally, this is about an average rate of uninsured drivers.

The Largest Nevada Car Insurance Companies

There are many major Nevada car insurance companies to consider, not to mention several smaller regional carriers. So which car insurance company do you choose? A bit of research is all it takes to find out. You can start by reviewing a list of the largest car insurance carriers in Nevada, as well as a list of national favorites.

A research study reveals that the ten largest car insurance companies in the United States are Allstate Insurance, State Farm Insurance, Geico, Progressive Insurance, Nationwide Group, AAA, Liberty Mutual Insurance, 21^st Century Insurance, GMAC, and AIG, in that order. Car insurance companies on this list were ranked by the total amount of written premiums.

Compare these ten largest car insurance companies in the USA to the ten largest car insurance companies in Nevada, using the list shown below. Again, companies were ranked by the total amount of direct annual premiums written. The dollar amount indicates the total revenue, which reveals each company’s market share within the state of Nevada.

Rank	Company	Premiums ($)	Market Share (%)
1	State Farm Group	$299,709	17.24
2	Farmers Insurance Group	$190,563	10.96
3	Progressive Insurance Group	$182,245	10.49
4	Allstate Insurance Group	$179,159	10.31
5	Berkshire Hathaway Insurance	$163,167	9.39
6	CSAA Insurance Group	$100,681	5.79
7	USAA Group	$98,775	5.68
8	Liberty Mutual Insurance	$92,492	5.32
9	American Family Insurance Group	$61,591	3.54
10	The Hartford Insurance Group	$54,236	3.12

As you can see, State Farm Insurance, Farmers Insurance, Progressive Insurance, and Allstate are the most popular auto insurance carriers in Nevada, with Berkshire Hathaway not far behind. Combined, these top four Nevada carriers hold nearly half of all car insurance policies sold in the state of Nevada. In any case, your best insurance company depends on your situation. There is basically no such thing as The One Best Nevada Car Insurance Company.

Cutting Costs on Nevada Car Insurance

Nevada drivers can reduce their premium rates on Nevada car insurance policies by hundreds of dollars a year, simply by comparing quotes and scoring every possible discount. Just a bit of research is all Nevada drivers need to minimize their car insurance rates.

Drivers should read at least a handful of recent consumer reviews from at least a few Nevada car insurance companies. Car insurance companies both large and small are competitive with each other, although they may focus on different demographics and have slightly different policy structures. Reading customer reviews will help you to choose the best car insurance company for you. Remain aware that all car insurance carriers get negative reviews.

Next, create a list of your most preferred Nevada car insurance companies. Then visit each company’s website to obtain a series of online quotes. You may want to compare online quotes not only from different car insurance companies, but also from different Nevada zip codes for one car insurance company. For example, pick a car insurance website and enter your home zip code, your work zip code, and your school zip code.

Some discounts will be automatically factored in with your online quote, but still you should find the discount page on every website you visit. Try to find at least one additional discount. You can even call an agent if you are unsure of which discounts apply to you. It is important to aggressively chase after those discounts. An agent will not necessarily think of it. Types of car insurance discounts you can qualify for may include billing discounts, payment discounts, occupational discounts, vehicle discounts, multiple policy discounts, anti theft device discounts, low mileage discounts, senior discounts, good student discounts, and safe driver discounts, among others.

Compare auto insurance quotes between companies and between zip codes. Work in every discount you can find. These are solid ways of reducing your rates on Nevada car insurance.

What Types Of Car Insurance Do Nevada Drivers Need?

Nevada state law only requires drivers to purchase minimum liability coverage limits of $15,000 against bodily injury to others, $30,000 in per-accident coverage, and $10,000 to cover the cost of property damage. These coverage amounts are low, even compared to other states. In general, state minimum requirements are not enough to cover the costs associated with auto accidents.

Nevada drivers should also buy similar liability limits in uninsured and underinsured motorist protection (UMI). Not only are one out of eight vehicles in Nevada uninsured, but even vehicles that do have insurance are usually underinsured.

United States insurance analysts suggest that drivers in the state of Nevada (and other states) buy higher coverage amounts than the minimum coverage required by state law. The recommended coverage is $100,000 for personal injury protection, $300,000 against bodily injury to others, and no less than $50,000 to cover the cost of property damage.

For more thorough protection, drivers in Nevada can also add comprehensive and collision coverage to their policies. This insurance will cover the cost of repair for autos damaged by collisions, animals, wind, flooding, fires, falling trees, flying objects, vandalism, car theft, and other unfortunate events.

Odd and Outdated Nevada Traffic Laws

In the state of Nevada, it is illegal to drive a camel on the highway.
In Reno, benches may not be placed in the middle of a street.
Also in Reno, it is against the law to lie down on a sidewalk.
In Elko, everyone who walks the streets is required to wear a mask.

Best And Worst Zip Codes For Nevada Car Insurance

Your Nevada car insurance premium rates depend on your Nevada zip code, among other factors. Car insurance premiums have the driver’s traffic history plugged into the equation, as well as the driver’s zip code. Auto insurance rates will change between zip codes, in keeping with the changing population densities, unemployment rates, resident median ages, median income levels, poverty rates, crime stats, and the percentage of uninsured autos on the roads.

Here is a list of the four most expensive zip codes in the state of Nevada to buy car insurance. Annual premiums in these neighborhoods can range from about $1,760 to around $3,385. Nevada car insurance premium rates are highest in Las Vegas, of course.

Zip Code	Pop Density	Unemployed %	Poverty %
89101 (Las Vegas)	7,605	16.70%	36.20%

This Clark County zip code is home to more than 40,000 people. The population density here is more congested than average for Las Vegas. The unemployment rate and poverty rate are also well over the state averages.

Zip Code	Pop Density	Unemployed %	Poverty %
89102 (Las Vegas)	6,987	15.10%	29.00%

This zip code has a resident population of more than 37,000. Again, the population density here is more congested than average for Las Vegas, and the unemployment and poverty rates are high above the state averages.

Zip Code	Pop Density	Unemployed %	Poverty %
89030 (Las Vegas)	5,131	19.80%	32.30%

This zip code is home to about 48,000 people. The population density is again higher than the city average, and again, the unemployment and poverty rates are quite high.

Zip Code	Pop Density	Unemployed %	Poverty %
89104 (Las Vegas)	7,097	16.90%	26.30%

More than 40,000 people live in this zip code. The population density is way high, the unemployment rate far exceeds the state average, and the poverty rate is nearly twice the state average.

Now compare the Nevada zip codes listed above to the neighborhoods shown below. Here is a list of the four least expensive zip codes (on average) in the state of Nevada to buy car insurance. Annual premium rates in these neighborhoods can range from about $905 to around $1,665.

Zip Code	Pop Density	Unemployed %	Poverty %
89445 (Winnemucca)	18	6.60%	7.90%

Nearly 16,000 people live in this Humboldt County neighborhood, where unemployment is slightly above the state average. However, the poverty rate is relatively low, and the population density is lighter than air.

Zip Code	Pop Density	Unemployed %	Poverty %
89419 (Lovelock)	12	10.60%	19.60%

This Pershing County zip code has very little population density, and is home to less than 6,000 people. Poverty and unemployment are slightly high in this neighborhood.

Zip Code	Pop Density	Unemployed %	Poverty %
89820 (Battle Mountain)	6	11.20%	12.00%

This zip code is home to less than 6,000 people. The population density is very low, although the unemployment rate is slightly high. The poverty rate, however, is below the 14.7 percent state average.

Zip Code	Pop Density	Unemployed %	Poverty %
89045 (Round Mountain)	0	4.80%	2.30%

This Nye County zip code is home to fewer than 1,800 people. The population density is too low to be worth mentioning, and the poverty rate is also negligible. Unemployment is right around the state average in this neighborhood.

Overall, the state of Nevada is home to 253 zip codes blanketing 17 counties that contain 99 municipalities, from Boulder City to Yerington and all towns in between. There is a difference of about $1,500 in annual premium rates between the least expensive zip codes and the most expensive zip codes to buy car insurance in the state of Nevada.

How much money do you think you can save on Nevada car insurance?

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