The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, in particular when trying to find the lowest insurance rates for 16 year olds. Let’s go over some things that can significantly affect car insurance prices, and see if we can help you cut the cost of the next policy you buy.
For new drivers, one of the big components that help determine car insurance rates is where your car is garaged in Las Vegas. Areas with increased crime or more people will most likely pay more, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The illustration below lists the most expensive places in Nevada for 16 year olds to buy an auto insurance policy in. Las Vegas is ranked #5 with a yearly cost of $1,930 for the average insured, which is around $161 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 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 | $1,870 |
| 7 | North Las Vegas | $1,826 |
| 8 | Henderson | $1,697 |
| 9 | Boulder City | $1,495 |
| 10 | Mesquite | $1,365 |
| 11 | Pahrump | $1,337 |
| 12 | Reno | $1,294 |
| 13 | Sun Valley | $1,292 |
| 14 | Sparks | $1,265 |
| 15 | Spanish Springs | $1,229 |
| 16 | Carson City | $1,158 |
| 17 | Gardnerville Ranchos | $1,138 |
| 18 | Dayton | $1,130 |
| 19 | Fernley | $1,115 |
| 20 | Spring Creek | $1,114 |
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Rate information is estimated as the specific garaging location can increase or decrease premium rates considerably.
Deciding which companies have the lowest-priced auto insurance rates for 16 year olds involves more work in order to find the lowest price. Each auto insurer has a different process for determining rates in each state, so let’s rank the most affordable auto insurance companies in Las Vegas.
Keep in mind that Nevada auto insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. Simply improving your credit, buying higher coverage limits, or having an at-fault accident may prompt premium changes that may make certain companies more affordable than others.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $903 |
| 2 | Allied | $949 |
| 3 | Capital | $988 |
| 4 | Oregon Mutual | $1,193 |
| 5 | American Family | $1,194 |
| 6 | Progressive | $1,226 |
| 7 | GEICO | $1,269 |
| 8 | Nationwide | $1,282 |
| 9 | Safeco | $1,320 |
| 10 | USAA | $1,323 |
| 11 | Farmers | $1,496 |
| 12 | MetLife | $1,567 |
| 13 | Country | $1,619 |
| 14 | State Farm | $1,681 |
| 15 | Mercury | $1,807 |
| 16 | Victoria | $2,031 |
| 17 | Liberty Mutual | $2,161 |
| 18 | Bristol West | $2,384 |
| 19 | Allstate | $2,408 |
| 20 | Encompass | $2,630 |
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Travelers may offer some of the lowest car insurance rates in Las Vegas at around $903 each year. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also rank well as some of the cheapest Las Vegas, NV car insurance companies.
In this example, if you currently have coverage with Allied and switched to Travelers, you might realize a yearly savings of around $46. Drivers with Capital might save as much as $85 a year, and Oregon Mutual policyholders might reduce prices by as much as $290 a year.
To find out how your current rates compare, click here to start your free quote or feel free to get quotes from the companies below.
Bear in mind that those estimates are averages for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for 16 year olds. So the insurer that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
The vehicle model you are seeking coverage for is one of the primary factors when quoting low-cost insurance for 16 year olds. Vehicles with limited top-end speed, a great safety record, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The table below illustrates coverage prices for a number of the most budget-friendly automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $9,927 |
| Honda CR-V EX 4WD | $9,932 |
| Toyota Prius | $10,612 |
| Toyota Tacoma 4WD | $11,066 |
| Chevrolet Impala LS | $11,573 |
| Honda Civic DX 4-Dr Sedan | $11,579 |
| Toyota RAV4 2WD | $11,662 |
| Chevrolet Equinox LT AWD | $11,671 |
| Chevrolet Malibu LS | $11,662 |
| Chevrolet Silverado LS Extended Cab 4WD | $11,671 |
| Ford Explorer Eddie Bauer AWD | $11,751 |
| Dodge Grand Caravan SXT | $11,756 |
| Ford F-150 XLT Crew Cab 4WD | $11,751 |
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in your specific Las Vegas, NV location which can lower or raise insurance rates substantially.
Looking at the numbers, cars like the Ford Escape, Honda CR-V, Toyota Prius, Toyota Tacoma, and Chevrolet Impala will definitely be the most affordable vehicles to insure for new drivers. The price for car insurance will be more costly because there is more claim exposure for 16 year olds, but overall those particular models will most likely have the best rates that you are likely to find.
Full coverage rates compared to liability-only
Paying less for auto insurance should be important to the majority of vehicle owners, and one great way to save on the cost of insurance for 16 year olds is to not buy full coverage. The information below illustrates the comparison of annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.
If we average the cost for all age groups, full coverage on your policy costs $2,165 per year over and above liability coverage. That touches on the question if buying full coverage is worth the expense. There is no specific rule for dropping physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s replacement cost is $11,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $10,500 after paying the physical damage deductible. If you are paying more than $1,050 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some situations where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.
Insurance rate increases from tickets or accidents
The recommended way to get the most affordable auto insurance rates for new drivers is to drive safely and maintain a clean driving record. The example below highlights how traffic violations and at-fault fender-benders drive up insurance prices for each age group. The premiums assume a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance in Nevada per year with no accidents or violations is $1,844. Add in one speeding ticket and the average cost rises to $2,120, an increase of $276 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for 16 year olds jumps again to an average of $4,509. That’s an increase of $2,665, or $222 per month, just for not being a responsible driver!
What is the best auto insurance company in Nevada?
Picking a good quality insurer can be difficult considering how many choices drivers have in Las Vegas. The company information shown next may help you choose which car insurance providers to look at comparing rates with. The ratings below are only comprised of the companies with a significant amount of written premium nationwide, so smaller companies that only insure vehicles in Nevada will not be included in this 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 |
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Data Source: Insure.com Best Car Insurance Companies
The agents listed below are a good start to help you make a decision which coverages are best, as some drivers wish to get some professional advice when buying car insurance for new drivers. It can be challenging to find the best policy on your own, and professional agents can give you satisfaction knowing you have suitable coverage if you ever need to use it.
To find an agent close to where you live, click the button at the bottom of the list.
Invest America Insurance LLC
6190 W Charleston Blvd – Las Vegas, NV 89146 – (702) 685-3888
Jody Evans – State Farm Insurance Agent
8450 W Sahara Ave #111 – Las Vegas, NV 89117 – (702) 251-9760
State Farm: Eric James
1350 E Flamingo Rd #14 – Las Vegas, NV 89119 – (702) 836-0953
State Farm: Gregory A Moore
4312 W Charleston Blvd – Las Vegas, NV 89102 – (702) 870-9298
Allstate Insurance: Sergio A Chavez
4676 W Charleston Blvd – Las Vegas, NV 89102 – (702) 462-9100
View more Las Vegas, NV insurance agents
How to find more affordable insurance for 16 year olds
Lowering your rates is not difficult, and here are some of the recommended thrifty solutions that can help Las Vegas drivers get lower-cost auto insurance.
- Higher credit ratings may save you money
- Drive safe vehicles
- Bundle car and home insurance and save money
- Having at-fault accidents will increase rates
- Remove physical damage coverage on older vehicles
- Comparison shop at least once a year
The last item on the list is incredibly necessary, as was pointed out in this piece. Car insurance prices in Las Vegas change a lot, so you should be ready to switch companies if a more affordable price is available.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that devotion results in you overpaying several hundred dollars every year. Spend a few minutes and compare rates to find cheaper insurance for 16 year olds.