Car insurance is a legal requirement in Nevada, and to get cheap car insurance rates it is wise to shop around for policies that meet both your needs and budget. Your individual driving history impacts what rate you pay; here are some key elements affecting car insurance in Nevada:
Age, Gender and Driving Record beeinflussen your car insurance premium. Younger drivers typically incur higher premiums due to inexperience behind the wheel and low credit scores – although as you mature and improve your driving history this should lead to reduced premiums over time.
Your type of car also impacts its rate; SUVs and sports cars tend to command higher premiums due to increased risks for damage and theft. Keep in mind that the value of your vehicle will impact how much comprehensive and collision coverage costs compared to liability-only policies; on average they cost 128% more.
Location has an enormous bearing on how much car insurance costs in Nevada. Insurers conduct extensive research into each area to assess its level of risk and then set their premium accordingly. Neighborhoods vary widely in terms of crime rates, traffic volumes and car theft risks – which means your area could either have higher or lower premium rates that influence its total cost of car insurance in Nevada.
Nevada ranks 10th nationally in car thefts, which will impact your insurance rates significantly. Thankfully, however, the rate is relatively low; its impact will likely only have minimal consequences on them.
Insurance companies take the number of accidents and citations a driver has had into account when setting rates, as this allows them to predict both its likelihood as well as any associated costs of future accidents.
The state averages are calculated using quotes for a 35-year-old single driver with full coverage, including 100/300/50 limits and a $500 collision and comprehensive deductible. Rate data provided by Quadrant Information Services provides this comparison tool and should only be used as a starting point; your individual rates may differ based on your unique driver profile.