Drivers in Nevada are legally required to have car insurance. It helps safeguard you against expensive fines and the loss of your license, but the cost can be quite steep. There are various factors that go into determining how much you’ll pay for coverage – but there are ways to lower those rates.
Your Vehicle Type and Age
Your car’s type and age is the single biggest factor that impacts your Nevada car insurance rate. The more expensive the model, the higher its premiums will be; for instance, if you drive an expensive sports car, expect to pay more than someone with a low-end SUV or compact model.
Your Driving History and Credit Score
A clean driving record can help you secure the lowest rates for Nevada auto insurance. On average, drivers with good records pay 28% less for coverage than those with poor records.
Comparing Nevada Auto Insurance Quotes
The best way to find the lowest prices for your Nevada car insurance is to shop around. Compare at least three or four providers, but also look out for discounts that could reduce your premiums if you make early payments or are a good driver. These discounts could reduce your payments significantly if these criteria are met.
MoneyGeek’s Nevada car insurance calculator can give you an accurate estimate of how much your policy will cost. Our tool utilizes your driving details and other details to generate multiple quotes from multiple providers.
Your Age, Driving Record and Credit Score
Age can have a major effect on how much car insurance you’ll pay. Young drivers in particular often face higher rates than more experienced motorists.
Your Credit Score
A poor credit score can raise your insurance premiums in Nevada by around 2.1 times. Fortunately, you can improve your score by paying off debt and staying current on payments.
Your Coverage Level and Deductibles
Another factor influencing the cost of car insurance in Nevada is your coverage level. While liability coverage is mandatory by law, you have the option to add comprehensive or collision coverage if desired. These policies provide protection for your vehicle during accidents with typically low deductibles.
Other options for additional protection include uninsured/underinsured motorist coverage and collision coverage, which can protect you financially if injuries caused by drivers who lack insurance.
Roadside Assistance
Most car insurance companies offer roadside assistance that includes fuel delivery, lockout service and jump-starts in case your vehicle is involved in an accident or breaks down. In some cases, this may even cover the cost of renting a replacement car while repairs are being completed.
There are several ways to reduce your Nevada car insurance cost, including safe driving, early payment and raising the deductible. You could also select a company with plenty of discounts such as those for student drivers, those without prior speeding tickets or those willing to switch over to paperless billing.