Who Has the Cheapest Car Insurance Rates in Las Vegas, Nevada?
Who Has the Cheapest Car Insurance Rates in Las Vegas, Nevada?
The average cost of car insurance for drivers in Las Vegas is $156/month. Here are the companies that can offer you the most affordable rates for your background.
Find Cheap Auto Insurance Quotes in Las Vegas, NV
Las Vegas is Nevada's largest city, with almost two million residents living inside the metro area. Our recent study took a look at auto insurance rates in "Sin City," the impact of driver profiles on quotes and the disparity between premiums in different neighborhoods.
Drivers residing in large cities or metropolitan areas often face the challenge of finding inexpensive auto insurance rates. While rates in Las Vegas tend to be more expensive than smaller areas of Nevada, you can still save money on insurance by comparing quotes.
Cheapest for minimum liability
Cheapest for full coverage
Cheapest for drivers with an accident
Best for customer service
The cheapest minimum insurance policy in Las Vegas has an average quote that is nearly a third of the costs of the most expensive minimum policy.
Table of contents
Cheapest car insurance in Las Vegas
The cheapest insurance policies are ones that only meet the minimum liability insurance requirements set by the state. Out of seven large and widely available insurers, Progressive had the lowest average quotes with an annual premium cost of $1,295. The second cheapest insurer, and a great alternative, is State Farm, which is around the same price as Progressive.
The cheapest insurer overall is USAA who provided quotes of $832 per year — or around $69 per month — on average. However, USAA will not be an option for many Las Vegas residents, as it is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Las Vegas
Dense cities like Las Vegas tend to have a higher risk of accidents, making insurance prices more expensive than smaller areas like Reno or Dayton. This is why Las Vegas and its surrounding cities have insurance premiums that tend to be pricier than Nevada's average.
Even though the minimum policy is the most affordable option for car insurance, the minimum requirements set by Nevada will not cover you for damages to your own vehicle and personal belongings.
Rank | Insurance company | Average annual |
|---|---|---|
| 1 | Progressive | $1,295 |
| 2 | State Farm | $1,343 |
| 3 | CSAA | $1,723 |
| 4 | American Family | $1,829 |
| 5 | Geico | $2,028 |
| 6 | Allstate | $2,386 |
| 7 | Farmers | $3,519 |
| N/A* | USAA | $832 |
*USAA is only available to current and former military members and their families.
Cheapest full coverage policy in Las Vegas
The insurer with the cheapest average premium for full coverage is State Farm. Progressive is the second most affordable but costs an average $300 more than State Farm.
Current and former military members should look into contacting USAA for coverage, as it has the cheapest average insurance quotes out of eight companies.
Rank | Company | Annual premium |
|---|---|---|
| 1 | State Farm | $2,486 |
| 2 | Progressive | $2,771 |
| 3 | American Family | $3,739 |
| 4 | Geico | $3,971 |
| 5 | CSAA | $5,417 |
| 6 | Allstate | $5,650 |
| 7 | Farmers | $8,102 |
| N/A* | USAA | $1,940 |
*USAA is only available to current and former military members and their families.
A full coverage policy can be more than double the cost of a minimum cost policy. However, it not only covers the state minimum insurance coverage but also includes collision and comprehensive coverage. Both coverages protect your vehicle when an accident causes damage.
- Collision insurance: covers you in cases where your vehicle crashes into another car or a fixed structure, like a tree. These accidents are very common.
- Comprehensive insurance: covers vehicle damage caused by "acts of God," or factors out of your control.
Ask yourself
If the current value of your car is greater than the cost of adding full coverage plus a deductible, we recommend buying full coverage.
vehicle's current value > cost of adding full coverage + deductible
Cheapest insurance for young drivers looking for full coverage
Age is another aspect of your driver profile that will have a major impact on your insurance quote. A young and inexperienced driver is more likely to be in a car accident and is seen as a greater risk for insurers.
The cheapest insurers are State Farm and USAA, with average annual rates of $7,855 and $4,677, respectively. The next best option is Geico, which is nearly $1,000 more expensive than State Farm, at an average cost of $8,650.
Rank | Company | Annual premium |
|---|---|---|
| 1 | State Farm | $7,855 |
| 2 | Geico | $8,650 |
| 3 | CSAA | $12,770 |
| 4 | Progressive | $14,162 |
| 5 | Farmers | $19,995 |
| 6 | Allstate | $20,246 |
| 7 | American Family | $21,096 |
| N/A* | USAA | $4,677 |
*USAA is only available to current and former military members and their families.
Unfortunately, if you're a young driver, you will often be quoted extremely high rates no matter how much you shop around. However, there are a few options to consider before you decide on an insurer.
One of the best ways to save is by asking your parents if you can stay on their policy. Having a combined or multicar insurance policy costs more than having a single policy but this will be much cheaper than having two separate policies.
Another step is to ask insurers about discounts. Companies offer discounts for a number of things including completing a defensive driving course, having cameras in your car or having a good driving record. Some companies even have discounts for getting good grades in school.
Cheapest full coverage insurance after an accident
An accident on your record has the potential to increase your annual premiums by hundreds or even thousands of dollars. State Farm and USAA had the lowest premium increases following an accident. These two insurers were the only companies from our study that increased annual costs by less than $1,000 following an accident.
If you are looking for an alternative to State Farm, another option is to research each insurer's discount and forgiveness policies. Certain insurers have accident forgiveness or good driver discounts.
Rank | Company | Car insurance quote before accident | Car insurance quote after accident | Difference |
|---|---|---|---|---|
| 1 | State Farm | $2,486 | $2,956 | $470 |
| 2 | Progressive | $2,771 | $4,676 | $1,905 |
| 3 | American Family | $3,739 | $6,865 | $3,125 |
| 4 | Geico | $3,971 | $6,387 | $2,415 |
| 5 | CSAA | $5,417 | $8,976 | $3,558 |
| 6 | Allstate | $5,650 | $7,893 | $2,243 |
| 7 | Farmers | $8,102 | $11,970 | $3,868 |
| N/A* | USAA | $1,940 | $2,637 | $697 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
An important thing to note is that insurance companies can define what is and isn't an accident in different ways, so depending on the type of accident, insurers may alter the way they change your rates.
Best auto insurance company, according to customer feedback
The quality of an insurer is based on not just the price but also the service. The process of filing a claim can be simple and quick or drawn out and unnecessarily complicated depending on which insurer you select. Any accident is stressful, and having an insurance company that will respond to all your questions and guide you through the claims process can be a massive load off your back.
The insurers in Las Vegas with the best customer service, measured by frequency of complaints, are State Farm and Travelers.
The Complaint Index is drawn from the National Association of Insurance Commissioners (NAIC). A higher complaint index means that the company received more negative feedback. The national median index is 1.0.
Rank | Company | Market share | Complaint Index |
|---|---|---|---|
| 1 (tie) | State Farm | 15.80% | 0.57 |
| 1 (tie) | Travelers | 2.40% | 0.57 |
| 3 | Geico | 14.00% | 0.62 |
| 4 | Allstate | 8.30% | 0.69 |
| 4 | American Family Insurance | 2.90% | 0.69 |
| 6 | USAA | 5.50% | 0.83 |
| 7 | Progressive | 10.80% | 0.91 |
| 8 | Farmers Insurance | 7.20% | 0.97 |
| 9 | Liberty Mutual | 4.70% | 1.18 |
| 10 | CSAA Insurance | 4.50% | 1.36 |
The complaint index is from the National Association of Insurance Commissioners. We included all insurers from our survey and added any other insurers in the top 10 in Nevada for market share. The complaint index was taken from the largest individual company (measured by premiums written) under an insurance group.
Average cost of car insurance in Las Vegas, by neighborhood
Auto rates will fluctuate depending on what area of the city you live in as each area has a different crime rate and density. Prices can even vary depending on what specific part of the neighborhood you live in. The cheapest area of Downtown Las Vegas costs $600 less than the most expensive area.
Zip Code | Neighborhood | Average annual car insurance rate |
|---|---|---|
| 89101 | Downtown / Sunrise Manor | $2,012 |
| 89102 | Henderson / Spring Valley / Spring Valley | $2,039 |
| 89104 | Sunrise Manor / Winchester | $2,007 |
| 89106 | North Las Vegas | $2,009 |
| 89107 | Charleston Heights | $2,029 |
| 89108 | Michael Way | $1,883 |
| 89110 | Sunrise Manor | $1,971 |
| 89117 | Spring Valley | $2,015 |
| 89122 | Sunrise Manor / Whitney | $1,870 |
| 89124 | N/A | $1,494 |
| 89128 | Summerlin | $1,886 |
| 89129 | N/A | $1,793 |
Auto insurance agents in Las Vegas and Clark County
Though most of the insurers that we included in this study allow consumers to purchase policies online, many people prefer to work with an agent in person. Below, we've compiled a directory of local insurance companies and agents in your area; consult our list to find an insurer near you in Las Vegas.
City | Agent/insurer | Address |
|---|---|---|
| Henderson | Express Auto Insurance LLC | 1371 W. Warm Springs Rd., Henderson, NV 89014 |
| Geico Insurance Agent | 19 S. Stephanie St. #190, Henderson, NV 89012 | |
| Allstate Insurance Agent: The Bell Agency | 1000 Green Valley Pkwy. Ste. 450, Henderson, NV 89074 | |
| Centurion Insurance Services | 199 N. Arroyo Grande Blvd. Ste. 150, Henderson, NV 89074 | |
| Farmers Insurance - Bonnie Grant | 223 S. Water St. Ste. B, Henderson, NV 89015 | |
| Summerlin | Allstate insurance agent: Jayna Magliaro | 8430 Lake West Dr. Ste. 100, Las Vegas, NV 89128 |
| Red Rock Insurance | 1958 Village Center Cir. #5, Las Vegas, NV 89134 | |
| InTouch Insurance Centers | 1780 N. Buffalo Dr., Las Vegas, NV 89128 | |
| AAA Summerlin | 10860 W. Charleston Blvd. #130, Las Vegas, NV 89135 | |
| Nationwide Insurance: Michael Derek Kilgore | 1180 N. Town Center Dr. #100, Summerlin, NV 89144 | |
| Sunrise Manor | Allstate Insurance Agent: Joe Webster | 5001 E. Bonanza Rd. Ste. 134, Las Vegas, NV 89110 |
| Farmers Insurance - Teresa Johnson | 4974 E. Sahara Ave. Ste. 7, Las Vegas, NV 89104 |
Minimum car insurance requirements in Las Vegas, Nevada
Nevada drivers are required to have auto insurance in order to legally operate a vehicle on the road. The required coverages are bodily injury liability and property damage liability. Being caught driving without insurance can result in fines and possibly license suspension.
Insurance coverage | Minimum requirements |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $20,000 per accident |
Bodily injury liability, otherwise known as "third-party" insurance, reimburses other drivers for accidents where you are at fault. It does not cover medical costs of your own injuries.
Property damage liability covers the financial liability costs in instances where your accident causes damage to another person's property. It will not cover damages to your own car or property.
You can purchase additional coverage if you feel that the minimum policy is insufficient for your needs. Drivers with new or expensive vehicles are encouraged to invest in additional protection to protect the value of their car.
Methodology
ValuePenguin analyzed auto insurance data collected from eight insurance companies in Las Vegas. Unless stated otherwise, our sample Las Vegas car insurance rates assume the driver is a 30-year-old single male who owns a 2015 Honda Civic EX, has poor credit and opts for basic liability coverage, slightly above what is required by the state of Nevada.
In instances where the full coverage policy was examined, there were the following limits:
- Bodily injury liability: $50,000 per person / $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured/underinsured motorist bodily injury: $50,000 per person / $100,000 per accident
- Comprehensive and collision: $500 deductible
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.