The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, specifically when trying to find the best price on coverage for drivers requiring a SR22. To save some money, let’s go over some things that can significantly affect auto insurance premiums, and come up with some ways to take a little off the next policy you buy.
One of the more important things that are used to help calculate the price you pay for insurance is the neighborhood you call home in Las Vegas. More densely populated places tend to pay more, whereas areas that tend to be more rural profit from lower rates.
The illustration below shows the highest-priced areas in Nevada for drivers requiring a SR22 to buy car insurance in. Las Vegas is listed at #5 with the yearly price of $1,949 for the average policy, which is approximately $162 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,180 |
| 2 | Sunrise Manor | $2,029 |
| 3 | Paradise | $2,001 |
| 4 | Spring Valley | $1,980 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,908 |
| 7 | North Las Vegas | $1,844 |
| 8 | Henderson | $1,697 |
| 9 | Boulder City | $1,495 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,323 |
| 12 | Sparks | $1,278 |
| 13 | Sun Valley | $1,253 |
| 14 | Reno | $1,244 |
| 15 | Spanish Springs | $1,216 |
| 16 | Carson City | $1,136 |
| 17 | Elko | $1,125 |
| 18 | Gardnerville Ranchos | $1,116 |
| 19 | Fernley | $1,103 |
| 20 | Dayton | $1,097 |
| Compare Prices Now Go | ||
Table data uses estimated as specific location information can decrease or increase premium rates significantly.
Establishing which company has the best car insurance rates for drivers requiring a SR22 will require a bit more effort than just getting one or two price quotes. Each auto insurer has their own unique process to set premium rates, so let’s take a look at the car insurance companies that tend to have lower prices in Las Vegas.
It’s important to know that Nevada car insurance rates are influenced by many factors that may substantially change the policy premium. Simply turning a year older, buying higher coverage limits, or getting a few speeding tickets can trigger rate changes that can make some companies more affordable than competitors.
Find the Best Cheap Insurance for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $912 |
| 2 | Allied | $949 |
| 3 | Capital | $1,008 |
| 4 | Oregon Mutual | $1,193 |
| 5 | American Family | $1,218 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,256 |
| 8 | Nationwide | $1,295 |
| 9 | USAA | $1,297 |
| 10 | Safeco | $1,360 |
| 11 | Farmers | $1,482 |
| 12 | MetLife | $1,615 |
| 13 | Country | $1,619 |
| 14 | State Farm | $1,732 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,031 |
| 17 | Liberty Mutual | $2,161 |
| 18 | Bristol West | $2,336 |
| 19 | Allstate | $2,385 |
| 20 | Encompass | $2,630 |
| Quote Your Rates Go | ||
Travelers may offer some of the most affordable car insurance rates in Las Vegas at around $912 each year. This is $662 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family would also be considered some of the most economical Las Vegas, NV auto insurance companies.
As the rates illustrate above, if you currently have coverage with Capital and switched to Travelers, you could see a yearly price reduction of upwards of $96. Customers with Oregon Mutual may save as much as $281 a year, and American Family customers might cut rates by $306 a year.
To compare your rates to other Nevada insurance companies, click here to start your free quote or visit any of the low-priced companies below.
It’s important to note that these premium estimates are averaged across all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for drivers requiring a SR22. So the company that fits your needs best may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get quotes using your own driver and vehicle profiles.
The make and model of vehicle requiring insurance is a large factor when trying to find cheap car insurance for drivers requiring a SR22. Vehicles with higher performance characteristics, a lack of safety features, or a track record of large liability claims will cost substantially more to insure than safer models.
The list below illustrates auto insurance prices for some of the most economical vehicles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $8,602 |
| Ford F-150 XL Regular Cab 2WD | $9,305 |
| Ford Escape Limited 4WD | $9,388 |
| Toyota Prius | $9,498 |
| Dodge Grand Caravan CV | $9,937 |
| Chevrolet Equinox LS 2WD | $10,073 |
| Ford Explorer Eddie Bauer AWD | $10,170 |
| Toyota RAV4 Limited 2WD | $10,337 |
| Jeep Grand Cherokee Laredo 2WD | $10,342 |
| Chevrolet Impala LT | $10,416 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $10,441 |
| Chevrolet Malibu LT | $10,448 |
| Ford Edge Sport AWD | $10,523 |
| Honda Odyssey Touring | $10,619 |
| Nissan Altima Hybrid 4-Dr Sedan | $10,628 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $10,619 |
| GMC Sierra SLE Crew Cab 2WD | $10,628 |
| Compare Cheap Rates Go | |
Data based on married male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Information does not factor in specific garaging location which can affect premium rates substantially.
Based upon the rates shown, we can tell that models like the Honda CR-V, Ford F-150, Ford Escape, and Toyota Prius are likely to be the most budget-friendly vehicles to insure for high risk drivers. Prices will be more costly just because there is more claim risk for drivers requiring a SR22, but generally speaking those vehicles will tend to have the best rates compared to all other vehicles.
Drive responsibly or pay higher rates
The recommended way to snag cheap car insurance rates in Nevada for high risk drivers is to drive attentively and not have accidents or get tickets. The example below demonstrates how speeding tickets and at-fault fender-benders impact car insurance rates for different age categories. The rates are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of auto insurance in Nevada per year with no accidents or violations is $1,679. Get one speeding ticket and the average cost rises to $1,931, an increase of $252 each year. Now add in one accident along with the one speeding ticket and the yearly cost of car insurance for drivers requiring a SR22 jumps again to an average of $2,632. That’s an increase of $953, or $79 per month, just for not being attentive to the road!
Which car insurance company is best in Las Vegas?
Finding the highest-rated insurance company is hard considering how many different companies insure vehicles in Nevada. The company rank data listed below could help you decide which insurers to look at comparing price quotes from. The rankings below are only comprised of companies who write in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for the list.
Top 10 Major Auto Insurance Providers Overall in Las Vegas
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Mercury Insurance
Top 10 Major Auto Insurance Providers in Las Vegas Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
- Nationwide
- Safeco
A good deal can quickly turn bad
Nevada car insurance rates are impacted by many factors that will increase or decrease the cost of your policy. Simply getting older, adding a teenager to your policy, or getting into an accident can trigger changes in premium that can now make some companies more affordable than before. In addition, car insurance companies amend pricing multiple times each year to reflect underwriting profits or losses. A period of increased losses can result in high rates, while less frequent claims can produce cheaper Las Vegas car insurance rates.
The data below compares the cheapest car insurance in Las Vegas, NV for a 45-year-old female driver with no accidents or violations, and great credit. When quoting prices based on her personal risk profile, Travelers quotes the most affordable car insurance rates in Las Vegas at $1,628 annually. This is $54 more than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are the remainder of the best Las Vegas, NV auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example an accident surcharge, a lower credit score, and an imperfect driving record. Since each company has a proprietary method for filing rates in each state, comparing prices may now result in a slightly different list of companies as shown below.
Progressive now has the cheapest rate in Las Vegas, NV with Nationwide, USAA, Safeco, and Capital now rounding out the top five. This example demonstrates why consumers need to take the time to compare rates to get the best auto insurance rates for drivers requiring a SR22. Car insurance prices can be altered by many different factors and can increase or decrease at any time, so the most economical option six months ago may now not even be in the top five.
If you would rather have some advice when shopping for the best coverage for high risk drivers, the agents listed below can help you determine which insurance coverage will be best for you.
To find an agent close to where you live, click the button at the bottom of the list or click here to compare prices now.
- Leavitt Group – Leavitt Insurance Agency
7881 W Charleston Blvd #140 – Las Vegas, NV 89117 – (702) 382-4010 - Jeremy Walser – State Farm Insurance Agent
1725 S Rainbow Blvd #11 – Las Vegas, NV 89146 – (702) 367-1991 - Allstate Insurance: Misty Chadwick
2620 Regatta Dr Ste 122 – Las Vegas, NV 89128 – (702) 451-4409 - Lanny Maren CIG Insurance Las Vegas
4175 S Riley St #200 – Las Vegas, NV 89147 – (702) 597-5998
More insurance agents in Las Vegas, NV
How to find low-cost car insurance for drivers requiring a SR22
The list below shows many thrifty ideas that can help Nevada drivers get more affordable coverage.
- Lower rates by purchasing a safer vehicle
- Higher credit scores can equal lower rates
- Bundle home or renters insurance to earn a discount on car insurance
- Avoid having at-fault accidents
- Don’t waste money on full coverage for older vehicles
- Compare prices as often as possible
That last piece of advice is certainly important, as was emphasized in the prior article. Car insurance prices in Las Vegas can change considerably in a year, so you should be ready to switch companies if a more affordable price is available.
Staying with the same car insurance company is fine, but we do not recommend it if that loyalty results in overpaying a fortune every year. In just a few minutes you could shop around to find cheaper car insurance for drivers requiring a SR22.