One of the more important factors that are used to help calculate insurance cost is where your residence is. Areas with more people or higher crime rates will most likely have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.
The table below rates the highest-priced places in Nevada for teenage females to buy car insurance in. Las Vegas comes in at #5 with the annual price of $1,930 for the average insured, which is around $161 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Winchester | $2,116 |
| 2 | Sunrise Manor | $2,008 |
| 3 | Paradise | $2,001 |
| 4 | Spring Valley | $1,980 |
| 5 | Las Vegas | $1,930 |
| 6 | Enterprise | $1,908 |
| 7 | North Las Vegas | $1,900 |
| 8 | Henderson | $1,749 |
| 9 | Boulder City | $1,541 |
| 10 | Mesquite | $1,325 |
| 11 | Pahrump | $1,323 |
| 12 | Sun Valley | $1,266 |
| 13 | Sparks | $1,265 |
| 14 | Reno | $1,256 |
| 15 | Spanish Springs | $1,253 |
| 16 | Elko | $1,125 |
| 17 | Carson City | $1,124 |
| 18 | Fernley | $1,115 |
| 19 | Spring Creek | $1,114 |
| 20 | Gardnerville Ranchos | $1,104 |
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Table data uses estimated as the vehicle garaging location can modify coverage prices considerably.
The vehicle model needing coverage is a large factor when comparison shopping for economical insurance for teenage females. Vehicles with high performance engines, poor crash test ratings, or a high likelihood of having liability claims will cost more to insure than more modest models.
The information below features coverage rates for a number of the cheaper vehicles to insure in Nevada.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $9,042 |
| Ford Escape Limited 4WD | $9,608 |
| Toyota Prius | $9,696 |
| Ford Edge SE 2WD | $9,972 |
| Dodge Grand Caravan SE | $10,060 |
| Ford Explorer XLT 4WD | $10,067 |
| Ford F-150 XL Crew Cab 4WD | $10,148 |
| Honda Odyssey EX | $10,537 |
| Toyota RAV4 Sport 4WD | $10,626 |
| Chevrolet Equinox LS 2WD | $10,632 |
| Volkswagen Jetta LE 4-Dr Sedan | $10,626 |
| Jeep Grand Cherokee Laredo 4WD | $10,632 |
| Toyota Tacoma Double Cab 4WD | $10,714 |
| Chevrolet Malibu LT | $10,722 |
| Ford Focus SES 4-Dr Sedan | $11,103 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $11,184 |
| Chevrolet Impala LTZ | $11,191 |
| Hyundai Elantra SE 4-Dr Sedan | $11,199 |
| Toyota Corolla XRS | $11,280 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $11,290 |
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Table data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific location information which can revise prices substantially.
Based upon the table data, we can presume that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Ford Edge, and Dodge Grand Caravan are going to be some of the less-costly vehicles to insure for teen girls. Auto insurance rates will be higher anyway just because there is more claim exposure for teenage females, but in general those specific models will most likely have the cheapest auto insurance rates that you are likely to find.
Finding decent, cheap insurance is confusing at best, and determining which companies offer the most affordable insurance rates for teenage females will involve additional perseverance. Every insurance provider has a proprietary formula for setting rates, so let’s take a look at the insurance companies that tend to have lower prices in Las Vegas.
It’s important to understand that Nevada insurance rates are impacted by many things which can substantially decrease or increase the price you pay for coverage. Price variation is why Las Vegas drivers need to spend some time comparing rates to find the most economical car insurance quotes for teenage females. Rates are calculated by many things and can increase or decrease at any time, so the best company six months ago may now be priced much higher than other options.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $903 |
| 2 | Allied | $911 |
| 3 | Capital | $978 |
| 4 | Oregon Mutual | $1,158 |
| 5 | American Family | $1,194 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,256 |
| 8 | Nationwide | $1,321 |
| 9 | USAA | $1,323 |
| 10 | Safeco | $1,346 |
| 11 | Farmers | $1,452 |
| 12 | Country | $1,619 |
| 13 | MetLife | $1,631 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,825 |
| 16 | Victoria | $2,011 |
| 17 | Liberty Mutual | $2,227 |
| 18 | Bristol West | $2,336 |
| 19 | Allstate | $2,408 |
| 20 | Encompass | $2,604 |
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Travelers may offer some of the lowest car insurance rates in Las Vegas at around $903 per year. Allied, Capital, Oregon Mutual, and American Family are also some of the more affordable Las Vegas, NV auto insurance companies.
As shown in the table above, if you are a customer of Oregon Mutual and switched to Travelers, you could realize savings of upwards of $255. Drivers with American Family may save as much as $291 a year, and Progressive policyholders might cut rates by $323 a year.
Bear in mind that those policy rates are averages for all insureds and vehicles and do not factor in an exact vehicle garaging location for teenage females. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That point stresses why you need to get rate quotes from many companies using your own personal information and vehicle type.
Does it make sense to buy full coverage?
Reducing premiums for insurance should be important to most vehicle owners, and one easy way to buy cheap insurance for teenage females is to not insure for full coverage. The chart below visualizes the comparison of insurance premiums when comparing full coverage to liability only. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
Averaged for all age groups, comprehensive and collision coverage on your policy costs an additional $1,297 per year more than insuring for liability only. That brings up the question if buying full coverage is a waste of money. There is no exact rule of when to phase out comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
There are some situations where only buying liability is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not buy liability only.
How violations and accidents impact rates
The common sense way to maintain good insurance rates in Nevada for teen girls is to be a careful driver and avoid accidents and violations. The example below highlights how speeding tickets and accident claims influence yearly insurance costs for each different age category. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
In the example above, the average cost of an auto insurance policy in Las Vegas per year with no accidents and a clean driving record is $1,863. Add in two speeding tickets and the average cost jumps to $2,513, an increase of $650 each year. Now add one accident along with the two speeding tickets and the annual cost of insurance for teenage females jumps again to an average of $3,165. That’s an increase of $1,302, or $109 per month, just for not driving responsibly!
Insurance companies ranked
Ending up with the right auto insurance provider can be rather challenging considering how many companies provide coverage in Nevada. The ranking information listed below may help you choose which car insurance companies to look at when shopping around.
These rankings are only comprised of major nationwide insurance companies, so companies that may only write in Nevada are not included in these rankings. If you’d like to compare prices from these top-rated insurers and more, follow this link.
Top 10 Major Auto Insurers in Las Vegas Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+