Cheapest car insurance companies in Las Vegas
According to a study by Insurance.com, the cheapest car insurance companies in Las Vegas for 2023 are State Farm and Geico.
In Las Vegas, State Farm provides the cheapest auto insurance rates to drivers at an average annual premium of $1,976 annually.
When it comes to car insurance costs in Las Vegas, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average annual rates |
|---|---|
| USAA | $1,953 |
| State Farm | $1,976 |
| Geico | $2,091 |
| Travelers | $2,672 |
| American Family | $3,084 |
| Mercury Insurance | $3,111 |
| Progressive | $3,247 |
| Allstate | $3,485 |
Cheapest car insurance cost in Las Vegas by Age Group
The cheapest auto insurance company in Las Vegas for teen drivers is State Farm. For full coverage, its average annual rate for Las Vegas drivers is $5,529. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
For young drivers in Las Vegas, Geico has the cheapest auto insurance rates, with an average annual cost of $2,898 annually.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Las Vegas is State Farm. Its average rate for a full coverage car insurance policy is $1,992 per year.
State Farm is the cheapest option for senior drivers in Las Vegas, with an average premium of $1,975 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| State Farm | $5,529 | $3,179 | $1,992 | $1,975 |
| USAA | $6,648 | $3,147 | $2,001 | $2,104 |
| American Family | $7,270 | $4,435 | $3,053 | $3,117 |
| Geico | $7,308 | $2,898 | $2,101 | $2,162 |
| Travelers | $9,640 | $4,214 | $2,734 | $2,899 |
| Progressive | $11,548 | $5,401 | $3,222 | $3,291 |
| Allstate | $12,286 | $5,492 | $3,580 | $3,541 |
| Mercury Insurance | $15,736 | $4,818 | $3,141 | $3,242 |
| CSAA Insurance (AAA) | $19,339 | N/A | N/A | N/A |
Cheapest car insurance companies in Las Vegas by driver profile
Insurers in Las Vegas consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
When it comes to finding the cheapest car insurance rates in Las Vegas, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.
Here's a list of car insurance companies that offer cheap insurance rates in Las Vegas based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Drivers in Las Vegas with poor credit can get the cheapest car insurance from Geico at an average cost of $1,789 a year, according to a data study by Insurance.com.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Las Vegas.
| Company | Average annual rates |
|---|---|
| Geico | $1,789 |
| Nationwide | $2,819 |
| USAA | $3,636 |
| State Farm | $3,729 |
| Progressive | $3,748 |
| Travelers | $4,295 |
| Farmers | $5,541 |
| Allstate | $5,768 |
Cheapest for drivers with a speeding ticket: USAA
USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Las Vegas. It provides full coverage car insurance for drivers aged 30 at about $2,050 per year.
Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs.
| Company | Average annual premium |
|---|---|
| USAA | $2,050 |
| State Farm | $2,115 |
| Nationwide | $2,357 |
| Geico | $2,735 |
| Progressive | $3,204 |
| Allstate | $3,723 |
| Travelers | $3,866 |
| Farmers | $4,503 |
Cheapest auto insurance after an at-fault accident: State Farm
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Las Vegas drivers with at-fault accidents. It provides coverage at an average annual cost of $2,272.
| Company | Average annual rates |
|---|---|
| State Farm | $2,272 |
| USAA | $2,725 |
| Geico | $2,784 |
| Nationwide | $3,164 |
| Travelers | $3,865 |
| Progressive | $4,271 |
| Allstate | $4,818 |
| Farmers | $5,101 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the carrier that offers cheap auto insurance rates in Las Vegas for drivers after a DUI. Its average annual rate for full coverage is $2,115.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $2,115 |
| Geico | $3,424 |
| USAA | $3,702 |
| Progressive | $3,837 |
| Nationwide | $4,566 |
| Travelers | $4,959 |
| Allstate | $5,417 |
| Farmers | $5,894 |
Average car insurance cost in Las Vegas
The average car insurance rate in Las Vegas for full coverage is $2,594 per year or $216 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Las Vegas is $1,025 per year.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $2,594 | $1,025 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
