Find Cheap Auto Insurance Quotes in Reno
Reno has an average minimum auto insurance premium of $1,004 per year compared to the state average cost of $1,295. ValuePenguin compared auto insurance rates in the “Biggest Little City in the World” to show you where to find the cheapest insurers for your situation.
Although Reno is one of the cheapest big cities in terms of auto insurance rates, there can still be huge price differences depending on your background and insurer. The insurer with the cheapest minimum insurance policy charges less than half as much as the most expensive insurer.
The best way to find cheap insurance is to shop around and consider all the important factors that affect your rates: accident history, insurer, age, type of coverage and area of residence.
Cheapest minimum auto insurance: State Farm
Minimum coverage car insurance is the bare amount of coverage the state requires you to have for your car. In Reno, State Farm is the car insurer that charged our sample driver the smallest amount of money for minimum coverage insurance; its rates were $300 cheaper than the city average premium cost.
Two recommended alternatives in the same price range as each other are Progressive and American Family. Both charge just under $900 per year.
Current and former military members should look into USAA, which is the insurer with the overall cheapest average rates. It cost our sample driver $494 annually.
Find Cheap Auto Insurance Quotes in Your Area
Be aware that even though the minimum coverage policy is the cheapest option for drivers, it may not protect you from high liability costs or damage to your vehicle. Getting into an expensive accident that is not covered under your minimum policy could mean losing thousands of dollars in out-of-pocket expenses.
Cheapest full coverage policy: State Farm
State Farm has the cheapest full coverage premium, at a rate of $1,526 annually. Progressive costs $300 more than State Farm but is still a viable alternative. Qualified individuals should contact USAA, which is in the same price range as State Farm and has an overall positive customer service rating.
Although much more expensive, full coverage car insurance provides additional coverage that protects your vehicle from different types of accidents. A full coverage policy includes collision and comprehensive insurance in addition to fulfilling the minimum state requirements.
Collision coverage protects you in crashes with another vehicle or object, which are common accidents. Comprehensive protects you from damages not caused by your car colliding into another object. It includes vandalism, broken windshields and natural disasters.
Even though comprehensive and collision coverage are not required in Nevada, it is highly recommended that you invest in additional coverage if you meet one of the following criteria:
- You have a new vehicle that is less than 10 years of age
- The value of your car is more than $3,000
Cheapest full coverage insurance after an accident
Drivers who have had their car damaged are well aware that insurers can raise the cost of premiums by a drastic amount after an accident.
The insurer that raised its quote by the smallest amount was State Farm. State Farm insurance premiums increased by an average of $293 after an accident, while most insurers from our data increased prices by over $1,000. The only other insurer with a similar post-accident price increase was USAA, which had an average $519 increase in annual premiums.
|Rank||Company||Car insurance quote before accident||Car insurance quote after accident||Difference|
There aren’t any easy ways of getting around a price increase following an accident. But one thing that can help you save money, besides shopping wisely, is to look at insurance discounts you may qualify for.
For example, Allstate, one of the most widely used insurance companies, provides discounts for drivers who have an anti-theft device installed in their car.
Cheapest insurance for young drivers looking for full coverage
Young drivers are unfortunately burdened with having significantly higher insurance premium costs than older drivers. For young drivers, State Farm and USAA have the lowest annual premium rates at similar price ranges.
If you're a young driver, we suggest seeing if your parents or family members will allow you to do a combined insurance plan. Joining your parents' plan will increase the cost of their policy, but the overall cost is generally much cheaper than having two separate policies.
The average nationwide cost of insurance for parents is $1,349. If they add a teen driver to their policy, their plan costs an average of $2,859. However, if a teen driver decides to purchase their own insurance, the costs increase to an average of $3,589.
The table below shows the average annual cost of a full coverage policy for young adults living in Reno:
After contacting insurance providers and weighing options, you should also look into different discounts that might be available to you or your family. Many insurers have good student discounts, university alumni discounts and safe driver discounts that reward you for achievements in your day-to-day life.
Insurer with the best customer service in Reno, Nev.
Drivers should be concerned with not only the cost of insurance but also the quality of insurance providers. When accidents happen, you have to deal with the stressful process of filing claims, fixing damages and managing your everyday life. You don’t want to have to add “unsatisfactory or unresponsive customer service” to that list.
State Farm, which has the cheapest full coverage and minimum coverage policy rates, also happens to have the best customer service measured by the frequency of complaints. Travelers is tied with State Farm as having the best customer service in Reno.
|Rank||Company||Market share||Complaint index|
|1 (tie)||State Farm||15.80%||0.57|
|4||American Family Insurance||2.90%||0.69|
The complaint index is drawn from the National Association of Insurance Commissioners. The complaint index indicates how often consumers filed a formal complaint. A higher complaint index means that the company received more negative feedback. The national median index is 1.0.
Average cost of auto insurance by neighborhood
Reno, nicknamed the "Biggest Little City in the World,” is a major tourist hub in the U.S. Each set of neighborhoods and areas has its own unique monuments, activities and culture. Depending on what neighborhood you live in, you may also see high variances in population density or crime rates.
It’s therefore not surprising that there can be big differences in insurance costs based on where you reside. For instance, residents of downtown Reno can expect to pay an average of $1,057 compared to residents of the VC Highlands, which has an average car insurance cost of $974.
|Zip Code||Neighborhood||Average annual car insurance rate|
|89557||University of Nevada, Reno||$1,004|
Minimum coverage requirement in Reno
Nevada requires that all drivers in the state meet its minimum auto insurance requirements. In order to legally drive in Reno, you must obtain these coverages:
|Type of insurance||Nevada required minimum|
|Bodily injury liability insurance||$25,000 per person / $50,000 per accident|
|Property damage liability insurance||$20,000 per accident|
Nevada drivers also have the option to purchase additional coverage such as uninsured or underinsured motorist coverage, personal injury protection or medical payments coverage. Each add-on provides a different level of protection for drivers. Drivers who have new or highly valued vehicles should seriously consider going beyond the minimum car insurance requirements.
Unless otherwise stated, the default driver was a 30-year-old man who drives a 2015 Honda Civic EX and has a poor credit score. Insurance quote data was compiled from eight insurers in Reno, Nev.
In cases where we analyzed full coverage data, there were the following limits:
|Coverage type||Study 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|
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.