The average cost of full coverage car insurance in Nevada is $2,246 per year, which is much higher than the national average of $1,738. The state-required minimum liability car insurance in Nevada averages $860 per year – substantially higher than the national average of $480.
Why is car insurance in Nevada so high? For one thing, there are a lot of people driving in Las Vegas and that translates to an increased number of car accidents. There’s also been a rise in vehicle theft. As with other states, Nevada has seen an increase in the cost of car repairs, as well.
How much you pay for car insurance depends on a number of factors, including your age, driving experience, coverage level, and zip code.
Those with more tickets and accidents will pay more than those with a clean driving record. If you live in an expensive area, your property damage liability might cost more. Zip codes with a lot of car accidents will have more expensive insurance than neighborhoods with fewer crashes.
If you are searching for the cheapest car insurance in Nevada, keep in mind that insurance agencies reward drivers with good driving records and it pays to shop around for cheap auto insurance quotes.
What Is the Average Premium in Nevada for Cheap Full Coverage Car Insurance in NV?
The average cost of full coverage car insurance in Nevada is $187 per month.
Full coverage car insurance includes liability car insurance, which pays for other people’s damages, and comprehensive auto insurance and collision insurance coverage, which pays for your damages.
If your vehicle is financed, your lender will require you to carry full coverage insurance in order to protect their interest. Many drivers carry full coverage for the extra financial protection and the peace of mind that goes along. Increasing the policy limits of the minimum liability is another way to add a layer of protection.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Nevada?
If you carry the minimum liability insurance in Nevada, you will pay an average of $72 per month.
That sounds great until you realize that you wouldn’t have coverage to repair your own vehicle if you were in an accident, or if the car was vandalized or stolen. You also would be at risk if you cause an accident with more damage than your policy limits. It’s easy for hospital and repair bills to become very expensive, and you have to pay for anything your insurance doesn’t cover.
If you don’t have enough insurance, you can be sued. That means lawyer fees, court appearances, and the possibility of having your wages garnished or assets seized. To avoid that make sure you have the right coverage for your needs.
How Do Rates Compare Across Major Cities in Nevada?
Over 70% of Nevada’s population lives in Clark County, which is home to Las Vegas. Other major cities include Reno, Henderson, and Carson City. The Las Vegas metropolitan area, along with the Reno metro area, comprise 87% of the Nevada population.
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.