The words “cheap” and “insurance” probably shouldn’t be used together, in particular when you are searching for the best coverage prices for drivers under 25. Because of the high cost, let’s lead off by showing you a few of the factors that determine car insurance rates, and see how we can help you take the bite out of the next policy you buy.
The vehicle model driven is one of the largest considerations in finding the best cheap coverage for drivers under 25. Vehicles with lower acceleration and performance, good safety features, or a track record of few liability claims will cost much less to insure than high performance models. The list below showcases car insurance costs for some of the most affordable vehicles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $6,313 |
| Ford Escape XLS 2WD | $6,319 |
| Honda Accord LX 4-Dr Sedan | $6,313 |
| Hyundai Elantra GLS Touring Station Wagon | $6,319 |
| Toyota Prius | $6,974 |
| Ford Explorer XLT 4WD | $7,027 |
| Chevrolet Impala LS | $7,403 |
| Honda Odyssey EX W/Rear Entertainment | $7,413 |
| Chevrolet Malibu Hybrid | $7,498 |
| GMC Sierra SLE Regular Cab 2WD | $7,503 |
| Toyota RAV4 Sport 2WD | $7,498 |
| Chevrolet Equinox LT 2WD | $7,505 |
| Jeep Grand Cherokee Laredo 4WD | $7,498 |
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Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in specific location which can change insurance rates considerably.
By looking at the data, you can presume that makes and models like the Honda CR-V, Ford Escape, Honda Accord, and Hyundai Elantra will definitely be a few of the most budget-friendly vehicles to insure for drivers age 25 and younger. Car insurance rates will tend to be more expensive just because there is a higher risk for drivers under 25, but overall those particular models will have the least expensive rates possible.
One of the many considerations that are looked at to determine the cost of insurance is your address in Las Vegas. Areas with a lot of weather claims or more people tend to have higher rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The following table lists the most costly cities in Nevada for drivers under 25 to purchase car insurance in. Las Vegas is listed at #6 with the annual price of $1,873 for the average policyholder, which is around $156 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Winchester | $2,094 |
| 2 | Sunrise Manor | $2,090 |
| 3 | Paradise | $2,061 |
| 4 | Spring Valley | $2,040 |
| 5 | North Las Vegas | $1,882 |
| 6 | Las Vegas | $1,873 |
| 7 | Enterprise | $1,851 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,557 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,364 |
| 12 | Sun Valley | $1,292 |
| 13 | Sparks | $1,278 |
| 14 | Reno | $1,256 |
| 15 | Spanish Springs | $1,229 |
| 16 | Carson City | $1,170 |
| 17 | Dayton | $1,141 |
| 18 | Gardnerville Ranchos | $1,138 |
| 19 | Elko | $1,114 |
| 20 | Fernley | $1,103 |
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Rates are comparative as the vehicle garaging location can influence auto insurance rates noticeably.
The information below shows how different deductible levels can raise or lower insurance costs when researching cheap insurance for drivers under 25. The information is based on a married female driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 50-year-old driver could lower rates by $282 a year by switching from a $100 deductible up to a $500 deductible, or save $426 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, could lower their rates as much as $704 each year just by choosing higher deductibles. If you do make the decision to raise your deductibles, it will be required to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Choosing a high-quality auto insurance company is hard considering how many choices there are in Nevada. The ranking data below may help you analyze which companies you want to consider when shopping around.
The rankings below are only comprised of companies who write in the majority of U.S. states, so smaller regional companies will not be included in the list. If you’d like to compare prices from these and other competitive companies, click here.
Top 10 Large Car Insurance Companies in Las Vegas Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- Mercury Insurance
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
Top 10 Large Car Insurance Companies in Las Vegas Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
- Nationwide
- Safeco
Difference between liability only and full coverage rates
Finding the cheapest insurance is important to most vehicle owners, and a great way to buy cheap insurance for drivers under 25 is to only buy liability insurance. The chart below illustrates the difference between auto insurance costs with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are taken into consideration.
As an average, physical damage coverage costs $2,410 per year more than insuring for liability only. At some point, about every driver wonders if buying full coverage is worth the money. There is no exact formula of when to phase out comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
There are a few cases where buying only liability insurance is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
If you like to have the advice of a professional agent when trying to find lower insurance rates for drivers under 25, the agents shown below are a good start to help you make a decision which coverages you need. To find an agent closest to you, click the button below the list.
- Bleecher Insurance
3085 S Jones Blvd – Las Vegas, NV 89146 – (702) 477-7776 - Superior Insurance
2511 Stewart Ave – Las Vegas, NV 89101 – (702) 721-7575 - Alliance Insurance Agency
1955 E Tropicana Ave h – Las Vegas, NV 89119 – (702) 518-6727 - Chris Lopez – State Farm Insurance Agent
11700 W Charleston Blvd #175 – Las Vegas, NV 89135 – (702) 870-3663
More insurance agents in Las Vegas, NV
How to find the cheapest car insurance for drivers under 25
The list below shows some of the better penny-pinching suggestions that can help you buy low-cost auto insurance.
- Claim-free policyholders usually earn a discount
- Increase physical damage deductibles
- Having at-fault accidents will increase rates
- Buying your home and auto policies from the same company can earn a discount
- Avoid getting citations and tickets
- Good credit scores may lower your rates
- Compare prices frequently to find the best deal
The last item on the list is very vital, as was affirmed in this piece. Rates fluctuate constantly, so you should be ready to buy a different policy if a lower-cost policy is available. Sticking with a specific company is fine, but it isn’t a good idea if that devotion results in you overpaying hundreds of dollars a year. Take a few minutes and compare prices and find cheaper car insurance for drivers under 25 in Las Vegas.