The words “affordable” and “auto insurance” really shouldn’t be used together, specifically when you are trying to find the lowest insurance prices for inexperienced drivers. Because it’s not cheap, let’s get started by showing you some of the factors that have an effect on car insurance prices, and find a way to take the bite out of the next policy you buy.
The make and model of vehicle you are insuring is one of the largest factors that determines whether or not you can buy low-priced auto insurance for inexperienced drivers. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models. The information below features coverage costs for the cheapest automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $2,312 |
| Toyota Prius | $2,503 |
| Ford Focus S 4-Dr Sedan | $2,626 |
| Chevrolet Equinox LT AWD | $2,677 |
| Toyota Camry LE | $2,683 |
| Honda CR-V EX 2WD | $2,773 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,780 |
| Honda Accord EX-L 4-Dr Sedan | $2,810 |
| Nissan Altima Hybrid 4-Dr Sedan | $2,868 |
| Nissan Rogue S 2WD | $2,872 |
| Dodge Grand Caravan CV | $2,909 |
| Ford Explorer XLT 2WD | $2,915 |
| Toyota Camry Hybrid | $3,063 |
| Kia Optima SX | $3,069 |
| Ford F-250 XL Crew Cab 2WD | $3,063 |
| Get a Custom Quote Go | |
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in Las Vegas, NV location which can influence auto insurance rates noticeably.
Based on these rates, you can assume that cars like the Ford Escape, Toyota Prius, Ford Focus, and Chevrolet Equinox are most likely to be the more affordable vehicles to insure for new drivers.
One of the many things that determine insurance cost is where you call home. Regions with larger populations or more claims likely pay more, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.
The following table rates the most expensive places in Nevada for inexperienced drivers to buy auto insurance in. Las Vegas is ranked #5 with an annual rate of $1,949 for coverage, which is approximately $162 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Winchester | $2,180 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Paradise | $2,061 |
| 4 | Spring Valley | $2,060 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,908 |
| 7 | North Las Vegas | $1,844 |
| 8 | Henderson | $1,767 |
| 9 | Boulder City | $1,495 |
| 10 | Pahrump | $1,364 |
| 11 | Sparks | $1,317 |
| 12 | Mesquite | $1,311 |
| 13 | Sun Valley | $1,292 |
| 14 | Spanish Springs | $1,266 |
| 15 | Reno | $1,256 |
| 16 | Gardnerville Ranchos | $1,150 |
| 17 | Dayton | $1,141 |
| 18 | Fernley | $1,137 |
| 19 | Carson City | $1,124 |
| 20 | Fallon | $1,097 |
| Start a Quote Go | ||
Rate quotes are comparative as specific location information can raise or lower price quotes considerably.
Rate comparison of full coverage and liability-only
Buying cheaper auto insurance should be important to most drivers, and a good way to reduce the cost of insurance for inexperienced drivers is to only buy liability coverage. The information below shows the difference between annual premium costs with full coverage compared to only the Nevada minimum liability coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.
Averaged out for all age groups, full coverage costs an extra $2,368 per year over and above liability coverage. Many drivers will wonder if it’s a good idea to buy full coverage. There is no written rule of when to eliminate full coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
There are some situations where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
How to find a good Las Vegas auto insurance company
Finding the right insurance provider can be a challenge considering how many choices there are in Las Vegas. The company information below could help you decide which car insurance companies you want to consider comparing rates from. These ratings are only made up of companies that insure vehicles nationwide, so companies without a large exposure are not included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Who has the cheapest Las Vegas car insurance?
Nevada auto insurance rates are based on many factors that may substantially change the policy premium. Simply improving your credit, adding a teenager to your policy, or getting caught speeding can produce rate changes resulting in some rates now being much cheaper than others. Not only may your situation change, but insurers modify pricing every year or even multiple times each year to ensure their profitability. Larger than normal claims can result in rate increases, while lower claim levels may produce lower-cost Las Vegas car insurance rates.
To illustrate this point, the chart below shows the company with the cheapest car insurance in Las Vegas, NV for a 35-year-old female driver with a good driving record, no prior claims, and a decent credit rating. Based on her current risk factors, Travelers might quote the lowest car insurance rates in Las Vegas at $1,541 annually. This is $33 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Oregon Mutual are also included in the cheapest Las Vegas, NV auto insurance companies.
Now we will give the driver in the first example a chargeable claim, slightly worse credit, and a few traffic violations. Due to the fact that every insurance company has a proprietary method to establish rates, comparing quotes could result in a slightly different list of affordable Las Vegas car insurance companies as shown below.
GEICO now has the best car insurance rate in Las Vegas, NV with Capital, Nationwide, USAA, and Safeco completing the list. This example proves why consumers need to spend some time comparing rates when trying to find the most affordable car insurance rates for inexperienced drivers. Prices can be determined by many different factors and can decrease or increase without notice, so the best option when you bought your policy may now be one of the more expensive options.
How to find low-cost auto insurance for inexperienced drivers
It is possible to find better rates, and here are some of the better penny-pinching solutions that can help you locate more affordable car insurance.
- At-fault accidents will increase rates
- Raise deductibles
- Maintaining good credit helps earn cheaper rates
- Save money by observing traffic laws and speed limits
- Safe vehicles generally have lower rates
- Compare prices as often as possible
That last idea is especially crucial, as was discussed in the article above. Auto insurance rates can change considerably based on profitability, so drivers shouldn’t be reluctant to buy from a different company if you find a cheaper price.
Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that faithfulness ends up costing you a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper insurance for inexperienced drivers in Las Vegas.
If you wish to have a little guidance when shopping for cheaper insurance for inexperienced drivers, the agencies below can probably help you make a decision which coverage fits your budget.
To locate a Las Vegas insurance agent in your neighborhood, click the button at the bottom or click here to compare prices now.
Estrella Insurance Services
3700 E Charleston Blvd #130 – Las Vegas, NV 89104 – (702) 382-1177
Allstate Insurance: Misty Chadwick
2620 Regatta Dr Ste 122 – Las Vegas, NV 89128 – (702) 451-4409
Mike Whitford – State Farm Insurance Agent
6485 N Decatur Blvd #150 – Las Vegas, NV 89131 – (702) 463-2400
Omega Insurance Brokerage
3301 W Spring Mountain Rd – Las Vegas, NV 89102 – (702) 685-0170
GEICO Insurance Agent
3315 W Craig Rd #110 – North Las Vegas, NV 89032 – (702) 643-0057