The Cheapest Auto Insurance in Nevada in 2024

Nevada may be home to Las Vegas, but one thing Silver State drivers should never gamble on is maintaining the state-required bodily injury and property damage liability insurance. Average liability-only policies are as low as $19 per month from insurance companies like COUNTRY Financial — the state’s cheapest insurer in most driver categories.

When shopping for car insurance, Nevada drivers can benefit from low rates even if they have an imperfect record. However, driving without insurance can immediately yield costly penalties like fines, fees, and SR-22 filings. Read on to learn how you can find the best coverage while cutting costs.

Key Takeaways:

• COUNTRY Financial is the cheapest insurer in Nevada overall, with a monthly premium of $42.
• Nevada’s average car insurance rate of $175 per month is higher than the national average.
• COUNTRY Financial, GEICO, and State Farm offer full-coverage premiums of less than half the statewide average.

Nevada’s Cheapest Car Insurance Companies

Although Nevada’s average car insurance rate is $175 per month, that’s not necessarily the rate you’ll pay. Drivers in the state can still find affordable car insurance.

Here are the five cheapest insurers in Nevada, based on Compare.com data.

COUNTRY Financial is the cheapest option overall — you’ll notice in the sections below that it’s often the cheapest auto insurance for different driver categories, too. CIG is almost twice as much, but other insurers, like GEICO, offer competitive rates for Nevada drivers.

Some of the best car insurance companies cater to specific driver profiles. Let’s look at the insurance companies that offer the cheapest rates for basic coverages, families on the move, and remote workers.

Compare.com’s Best Nevada Insurance Companies of 2023

There’s no single best car insurance company for everyone. You may need an insurance agency with discounts for families, while your neighbor may prefer working with an independent agent who can find the cheapest rate for minimum coverage.

We chose the companies below based on factors like average rates, available discounts, and customer ratings. The companies below include the overall cheapest insurer, a family-focused insurer, and the best insurer for remote workers.

COUNTRY Financial: Best for affordable rates

Average monthly quote: $42

Compare.com rating: N/A

Trustpilot rating: 2.8

BBB rating: A

Pros:

• A+ financial strength rating from AM Best
• 24/7 live claims support
• Mobile app has favorable ratings

Cons:

• Lower Trustpilot customer rating
• Must contact local rep for quote
• Fewer multi-policy discounts compared to other insurers

COUNTRY Financial has the lowest average rates in Nevada for a number of driver profiles, including teens, drivers with an at-fault accident, and drivers with clean records. The insurer’s live claims support and a decent mobile app are notable benefits — though it offers no online quote process.

Lower rates may be available thanks to occupational, engaged, and legacy discounts.

GEICO: Best for Nevada families on the move

Average monthly quote: $49

Compare.com rating: 4.65

Trustpilot rating: 1.3

BBB rating: A-

Pros:

• Auto Repair Xpress guaranteed repairs program
• 24/7 roadside assistance available
• Accident forgiveness available

Cons:

• Not the cheapest overall
• Lower-than-average J.D. Power Customer Satisfaction score
• Limited local agents in Nevada

Owned by Berkshire Hathaway, GEICO is backed by a parent company with a strong financial foundation, which means it should have no trouble paying its claims. Families will find discounts for young drivers and vehicle safety equipment.

GEICO also offers roadside assistance and a guaranteed repairs program so you can ensure your family has affordable coverage for accidents and unexpected breakdowns.

State Farm: Best for remote workers

Average monthly quote: $63

Compare.com rating: 4.3

Trustpilot rating: 1.7

BBB rating: A-

Pros:

• Highest 2023 J.D. Power Customer Satisfaction score
• Rideshare coverage available
• A++ financial strength rating from AM Best

Cons:

• Drive Safe & Save premium increases if mileage exceeded
• No gap insurance available
• Accident-free discount requires three years without a chargeable accident

State Farm is the largest insurer in the United States based on market share. It has a strong financial rating and the highest customer satisfaction rating with J.D. Power in 2024. The company’s Personal Price Plan can provide affordable coverage and savings for remote workers needing limited coverage since they no longer have to commute to work.

The Average Cost of Nevada Car Insurance

The average monthly cost for car insurance in Nevada is $175 — making it one of the country’s most expensive states for car insurance.

Let’s compare the Silver State’s rates to the national average and neighboring states.

Drivers in Nevada pay $46 more per month than the national average. This could be because neighboring states like Utah have fewer uninsured drivers, and states like Idaho have lower property damage coverage requirements.

“The relatively higher rates in Nevada can be explained by phenomena specific to the Las Vegas area — such as the high population and traffic density, 24/7 economy and lifestyles, and large amounts of out-of-state visitors driving on the roads,” said Liz Martins, public information officer for the Nevada Division of Insurance. “In the remainder of Nevada, automobile insurance premiums are more comparable to surrounding states.”

Your ZIP code, age, and vehicle year are all factors that influence your car insurance policy — but coverage level is certainly a starting point for how car insurance companies price policies. Below, we’ll examine how car insurance companies set rates based on minimum requirements.

Cheapest State-Minimum Insurance: COUNTRY Financial

Your coverage level affects your auto insurance rates substantially. A liability-only policy is the cheapest available because it offers only the minimum coverage state law requires. It includes bodily injury liability coverage and property damage liability.

The table below shows the companies with the lowest rates for liability-only policies, according to Compare.com data.

COUNTRY Financial has the lowest average rate for liability-only insurance in Nevada, at $19 per month. Although GEICO’s rate is higher, it’s still competitive compared to the rest of the insurers on the list. This is why comparing multiple quotes is always a good idea to ensure you’re not paying too much for the same coverage level.

In the next section, we’ll look at the cheapest insurers for full-coverage policies.

Cheapest Full-Coverage Insurance: COUNTRY Financial & GEICO

Full-coverage car insurance typically includes liability coverage plus comprehensive coverage and collision insurance. Naturally, it costs more than a liability-only policy because you get more protection — but you can still find a good deal with the right company.

The table below shows Nevada’s five cheapest auto insurance companies for full coverage.

COUNTRY Financial and GEICO both offer the same monthly average rates for full-coverage policies — about half of CIG’s rate. State Farm offers an affordable rate that’s $11 more per month.

Progressive’s monthly premium might be more expensive because it doesn’t have a set definition for full-coverage insurance. Its policy rates might also include reimbursements for medical costs, financial protection through loan or lease payoff coverage, or roadside assistance through its mobile app.

Compare Nevada Auto Insurance Rates by Age

Age is one of the most important rating factors for car insurance. While other factors, like where you live, affect your rates, drivers in certain age categories may pay the highest rates.

The following sections show how the average cost of car insurance vastly differs when comparing teen and senior drivers in Nevada.

Cheapest car insurance for Nevada teens: COUNTRY Financial

Teen drivers pay more for car insurance than drivers in their mid-20s. Young drivers are considered high-risk and typically receive the highest auto insurance costs in Nevada — 11% of Nevada’s total crash fatalities occur from young driver crashes.

The table below shows which companies offer the cheapest insurance in Nevada for 18-year-old drivers.

COUNTRY Financial is the cheapest option for liability and full coverage in Nevada. Its rates are 80% to 85% less than Allstate’s — the fifth-cheapest insurer in this category. Again, this is why it’s important to shop around for the best rate.

Keep in mind that these rates may not reflect the final discount rate offered through savings incentives for young drivers, such as good student discounts.

The section below shows how seniors in Nevada compare to teens.

Cheapest car insurance for Nevada seniors: COUNTRY Financial

Senior drivers in Nevada see their car insurance rates drop when they reach retirement age. Not only do they commute less, but the likelihood of getting into an accident also decreases.

The table below shows the five most affordable insurers for 65-year-old drivers in Nevada.

COUNTRY Financial offers the lowest monthly rates for liability and full-coverage policies, though GEICO has competitive rates. But older drivers should still shop around to ensure they’re getting the best rates and senior-specific discounts available.

Compare Nevada Auto Insurance Rates by Driving Record

Your driving history is one of the most important rating factors when it comes to insurance rates, perhaps even more important than age. The cheapest auto insurance rates often go to drivers without a history of at-fault accidents, DUIs, or traffic violations.

The following sections compare auto insurance rates based on driving records in Nevada.

Cheapest car insurance for good drivers in Nevada: COUNTRY Financial

Good drivers tend to get the best deal when it comes to both liability car insurance and full coverage. Clean driving records are free of speeding tickets, at-fault accidents, and other traffic violations, like DUIs.

The following companies offer the lowest price for drivers with spotless driving records in Nevada.

COUNTRY Financial offers the cheapest liability insurance for good drivers but ties with GEICO for the lowest full-coverage auto insurance rates.

With full-coverage rates twice as high as liability coverage rates, good drivers may consider saving money by sticking with the minimum auto insurance requirements — if it makes sense for their specific situation.

Let’s look at how these rates change after a single speeding ticket.

Cheapest car insurance in Nevada after a ticket: COUNTRY Financial

Nevada has approximately 175,000 speed-related citations issued annually, with thousands of drivers exceeding 100 mph.

Even though Nevada now views some minor traffic violations as less severe as of January 2023, your insurance company may still increase your rates regardless of the type of speeding ticket you receive. One speeding ticket can increase your rate by 37%, according to Compare.com data.

This table shows the five cheapest companies for Nevada drivers with one speeding ticket.

Once again, COUNTRY Financial comes out on top as the cheapest insurer for liability insurance. However, GEICO and State Farm offer lower full-coverage rates for drivers with a single speeding ticket. Dairyland — the fifth-cheapest company for full coverage — offers policies for non-standard drivers.

Let’s see how rates increase after an at-fault accident.

Cheapest car insurance in Nevada after an accident: COUNTRY Financial

In Nevada, speed-related crashes are actually more severe on 30–49 mph roadways than on roadways 60 mph or more. No matter the severity of an accident, even if you hit an object other than another vehicle, your rates can go up. Car insurance rates increase by 44% after one at-fault accident, according to Compare.com data.

Again, COUNTRY Financial offers the lowest rates for drivers with an at-fault accident on their record. On the other hand, State Farm tends to offer more competitive full-coverage rates compared to the other insurers in this category. Like rates for drivers with speeding tickets, Dairyland has significantly higher rates for drivers with one at-fault car accident on their record.

Let’s look at premiums increase after another major traffic violation: driving under the influence (DUI).

Cheapest car insurance in Nevada after a DUI: COUNTRY Financial

Driving under the influence increases insurance rates by 94%, according to Compare.com data. Impaired driving crashes amount to nearly 47% of Nevada’s total crash fatalities. Penalties for drinking and driving include community service, fines, jail time, probation, and alcohol and drug awareness class requirements.

Penalties for a DUI include license suspension, having to file an SR-22 form, and insurance cancellation. If you receive multiple DUIs in a short period of time, the state may revoke your license.

The table below shows the cheapest rates for Nevada drivers with one DUI conviction.

COUNTRY Financial is still the cheapest option for liability insurance, but State Farm is the cheapest for a full-coverage policy. Dairyland’s rates are as much as 186% higher than its closest competitor, GEICO.

5 Ways to Get Cheap Car Insurance in Nevada

You can lower your auto insurance rates with the following strategies.

• Take a closer look at your coverage levels. Many drivers keep the same coverage levels for years but may have coverage they no longer need. For instance, you might not need full coverage if your vehicle’s value is worth less than 10 times your annual premium.
• Maintain a good credit score. Drivers with poor credit usually pay more for car insurance than those with good credit. Check your credit history and remove any inaccurate information before your next policy renewal.
• Consider increasing your deductible. Choosing a higher deductible can decrease your monthly premium since you’ll absorb more of the cost if you file a claim.
• Look for discounts. The best auto insurance companies offer discounts for new customers, military members, and vehicle safety features.
• Compare multiple quotes. The insurer that works for your neighbor might not work for you. Comparing quotes from at least three companies can help you find the lowest rates available in Nevada.

Nevada Auto Insurance Requirements

Like most states, Nevada requires all drivers to meet insurance requirements to drive legally in the state. Nevada’s minimum requirements include:

• $25,000 in bodily injury liability per person
• $50,000 in bodily injury liability per accident
• $20,000 in property damage liability per accident

Penalties for driving without auto insurance in Nevada

It’s illegal to drive in Nevada without the minimum required coverage. So drivers should know that Nevada has no grace period if they fail to maintain the minimum car insurance coverage.

A lapse in coverage — even a single day — can result in a potential vehicle registration suspension. You could also face additional fines and fees and have to file an SR-22 form.

SR-22 auto insurance in Nevada

SR-22 auto insurance isn’t a type of policy; it’s a form that certain high-risk drivers are required to have as proof that they meet Nevada’s car insurance requirements.

For example, drivers convicted of a DUI in Nevada are required to have an SR-22 Certificate of Liability Insurance for three years. Drivers with an insurance lapse of 91 days or more are also required to maintain an SR-22 for three years.

If you don’t meet these requirements, you risk license and vehicle registration suspension. You can work directly with your local insurance agent to ensure you maintain this proof of auto insurance requirement.

Liz Martins, public relations officer for the Nevada DOI, notes that many significant surcharges associated with filing an SR-22 form are unavoidable.

“However, a history of safe driving going forward will eventually cause one’s premiums to come down, as insurers in Nevada are only permitted to surcharge violations for up to a 36-month period,” she said.

Classic vehicle insurance

Nevada residents who own vehicles that meet the requirements for “Classic Vehicle,” “Classic Rod,” or “Old Timer” license plates must also have classic or antique auto insurance. Drivers must also submit proof that their insurance policy meets minimum liability coverage requirements.

Nevada Auto Insurance FAQs

It’s important that all Nevada drivers understand the state’s car insurance requirements and how to get the right coverage for their needs. Below are answers to the most common questions about auto insurance in Nevada.

Who is the cheapest auto insurance company in Nevada?

COUNTRY Financial is the cheapest auto insurance company in Nevada in a variety of driver profile categories. The company’s overall average monthly rate is $42 per month.

How much is car insurance in Nevada?

Car insurance rates in Nevada are $175 per month on average. Although this rate is higher than the national average, some drivers in Nevada, like seniors, can find liability-only rates as low as $18 per month.

Why is car insurance so expensive in Nevada?

Nevada ranks as the sixth most expensive state in the United States. Higher rates in cities like Las Vegas and Reno drive up insurance costs because these cities see a lot of visitor traffic. Nevada may also have higher liability insurance requirements than other states.

How much car insurance is required in Nevada?

Drivers in Nevada must meet minimum bodily injury requirements of $25,000 per person and $50,000 per accident. They must also have $20,000 in property damage liability insurance per accident.

What happens if you get caught driving without insurance in Nevada?

If caught driving without insurance in Nevada, the penalties for lapsed insurance coverage begin on the first day of the coverage lapse. All offenses include fines, fees, and potential SR-22 filings, but depend on the length of the lapse. For example, lapses over 90 days require SR-22 filings, while a one-day lapse requires a fine between $250 and $750.

Methodology

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance rates from more than 75 partner insurance providers in order to compile the quotes and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the quotes listed in this article have been gathered from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide drivers with insight into how auto insurance companies determine their premiums.

Sources

1. Zero Fatalities Nevada, “Nevada Speed Management Action Plan,” Accessed November 18, 2023.
2. Clark County Justice Court, “2023 Changes to Traffic Violations,” Accessed November 18, 2023.
3. Nevada DMV, “DUI Laws,” Accessed November 18, 2023.
4. Nevada DMV, “Insurance,” Accessed November 18, 2023.
5. Zero Fatalities Nevada, “Nevada Traffic Safety Crash Facts,” Accessed November 18, 2023.
6. City of Reno, “Driving Under the Influence,” Accessed November 18, 2023.
7. III, “Facts + Statistics: Uninsured motorists,” Accessed November 19, 2023.
8. III, “How to save money on car insurance,” Accessed November 19, 2023.
9. J.D. Power, “Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds,” Accessed November 19, 2023.