How Much is Las Vegas Auto Insurance for a School Permit?

One of the many components that are looked at to determine car insurance rates is where you choose to live. Areas with more people or higher crime rates tend to pay more, whereas areas with less crime or weather claims get the luxury of paying less.

The information below sorts the priciest cities in Nevada for a school permit in which to buy car insurance. Las Vegas is ranked at #5 with an annual cost of $1,949 for car insurance, which is around $162 monthly.

Rates are comparative as the specific zip code location can influence premiums noticeably.

The type of vehicle requiring coverage is one of the biggest factors when comparing the cheapest insurance for a school permit. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The next table estimates auto insurance costs for some of the most economical automobiles to buy coverage for.

Table data represents 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. Rate information does not factor in specific zip code location which can revise premiums significantly.

Looking at the rates, cars like the Honda CR-V, Ford Escape, Honda Accord, Jeep Wrangler, and Toyota Prius will be some of the cheapest vehicles to insure for a learners permit. Rates will tend to be higher because of the fact that there is more risk for a school permit, but overall those specific models will have the cheapest rates compared to all other vehicles.

Determining which company has the cheapest insurance rates for a school permit takes a bit more effort than just picking a company at random. Each insurer has their own formula to determine rates, so let’s take a look at the insurance companies with the overall best prices in Nevada.

It’s important to understand that Las Vegas, NV insurance rates are influenced by many factors which can substantially decrease or increase the policy premium. Improving your credit rating, buying a new vehicle, or getting a couple of tickets can produce rate changes that may make certain companies more affordable than others.

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Allied generally has some of the most affordable car insurance rates in Las Vegas at around $911 a year. This is $663 less than the average premium paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family also make the cut as some of the most economical Las Vegas, NV car insurance companies.

In this example, if you have coverage with Capital and switched to Allied, you might achieve an annual premium reduction of roughly $67. Customers with Oregon Mutual may save as much as $247 a year, and American Family policyholders might see rate reductions of $283 a year.

To find cheaper insurance rates for your vehicle, click here to start your free quote or quote rates from the companies below.

Be aware that those premium estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for a school permit. So the company that has the lowest price for you may not even be in the top 20 companies shown above. That point stresses why you need to quote rates from many companies using your own driver information and specific vehicle type.

Nevada insurance companies ranked

Selecting the top auto insurance company can be challenging considering how many companies there are in Nevada. The ranking information in the next section can help you select which insurers to look at shopping your coverage with.

The ratings below only include large nationwide companies, so smaller companies are not factored into this list. If you wish to compare rates from these and other companies in Nevada, simply click here.

Top 10 Major Auto Insurance Providers in Las Vegas Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA Insurance – 91%
4. Nationwide – 90%
5. State Farm – 90%
6. The Hartford – 89%
7. GEICO – 89%
8. 21st Century – 88%
9. Liberty Mutual – 88%
10. Allstate – 88%

Top 10 Major Auto Insurance Providers Overall in Las Vegas

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Full coverage versus liability-only

Paying a lower price for insurance is important to the majority of vehicle owners, and one good way to save on the cost of insurance for a school permit is to not pay for full coverage. The illustration below illustrates the comparison of auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are factored in.

If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $1,728 per year over and above liability only. That touches on the question if physical damage coverage is worth the money. There is no specific rule for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your vehicle’s claim settlement value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,500 after the policy deductible has been paid. If it’s costing you more than $550 a year for your policy with full coverage, then you may need to consider dropping full coverage.

What aren’t you shopping around?

Nevada insurance rates are determined by lots of factors which can substantially change the price you have to pay. Simply getting older, moving to a different location, or getting a driving violation may cause policy rate changes that may make certain companies cheaper than competitors.

In addition, car insurance companies file new Nevada auto insurance rates as needed to adjust for unexpected claims or profits. Larger than normal claims can cause high rates, while lower claims can produce cheaper Las Vegas car insurance rates.

The graph below shows the companies that have the cheapest car insurance in Las Vegas, NV for a 45-year-old female driver with a clear driving record, no claims, and great credit. If we compare prices based on her current situation, Travelers has the lowest car insurance rates in Las Vegas at $1,653 each year. This is $79 more than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family are also on the list of the most affordable Las Vegas, NV auto insurance companies.

The example below compares rates after we give the driver from above a chargeable claim, a lower credit rating, and a few traffic violations. Because each insurer uses a different method to determine rates, analyzing rates may now show a different set of the cheapest Las Vegas car insurance companies as shown below.

GEICO now has the lowest price on auto insurance in Las Vegas with USAA, Safeco, Allied, and Nationwide also having competitive pricing. This shows why drivers need to perform an extensive rate comparison when trying to get the lowest insurance quotes for a school permit. Prices consist of many things and can decrease or increase without notice, so the cheapest company a year ago may now be one of the higher cost companies.