The Best Nevada Auto Insurance Companies
Nevada’s auto insurance rates are right in line with the national average — $1,103 per year, compared to $1,009 nationwide. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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Auto insurance is one of those expenses that is all too easy to grumble about — that is, of course, until you’re in a fender bender and need to file a claim. No matter if you’re shopping for your first auto insurer or hoping to compare top picks, you’ll find something worthwhile in our comprehensive review of the top five auto insurers in Nevada.
Nevada Minimum Liability
In the insurance world, liability refers to “responsibility.” With auto insurance, there are two primary types of liability: bodily injury and property damage. If you cause an accident, your auto liability insurance will pay the other driver’s medical and vehicle repair costs.
Minimum liability refers to the minimum amount of insurance coverage the state of Nevada requires you to purchase before you can legally operate a car. Sometimes, liability coverage is shown in the following shorthand: 25/50/20. Nevada’s minimum liability coverage (new numbers effective July 1, 2018) breaks down in the following manner:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $20,000 property damage coverage per accident
So can you purchase the minimum liability coverage and call it a day? Not so fast. You want to purchase the highest amount of auto insurance you can afford, according to dmv.org. That’s because if you’re in an accident with a luxury vehicle and you’re at-fault, the crash could very well exceed the minimum liability of $20,000 in property damage coverage per accident. Then, you’d be left paying the rest out of pocket.
There are many factors that determine auto insurance premiums (how long you’ve been a licensed driver, where you live, how many miles you drive per year, and so on). That’s why we recommend shopping around for auto insurance and gathering plenty of sample quotes before you commit to an auto insurer. You never know who will provide you the most bang for your buck. This review on the top auto providers in Nevada is a great place to start.
How We Found the Best Auto Insurance in Nevada
In order to find the best auto insurance providers in Nevada we tackled the challenge much like we did when searching for the best nationwide auto insurance providers. We started at the National Association of Insurance Commissioners to identify the top five auto insurance carriers in Nevada by market share. Then we evaluated each company based on a wide range of criteria, including website user experience, educational offerings, and customer service. We looked up each company’s reputation using J.D. Power scores and Consumer Reports ratings, and searched to see how each business was ranked by major financial institutions including A.M. Best and Moody’s. Finally, we obtained sample insurance quotes for a 2012 Subaru Outback with 65,000 miles for a 30-year-old female driver to see how they stacked up in premiums.
Nevada Auto Insurance Reviews
Progressive provides auto insurance for 4.9 percent of Nevada’s drivers. This company is our favorite, hands-down. Both the quote process and overall website experience is simple and intuitive. If you have an insurance question, you’ll likely find the answer on Progressive, thanks to its robust FAQ section called “Progressive Answers.” It is also one of two of the top auto insurance providers we looked at to offer a live chat option.
Progressive offers a wide array of supplement coverages, ranging from having multiple cars on one policy to having teen drivers in the household. As far as discounts, the website also mentions giving an average discount of 7 percent for just starting your quote online — an enticing promotion none of our other providers offer. Progressive received only 2 out of 5 stars a piece from J.D. Power for its overall customer satisfaction and claims process. Still, Consumer Reports ranked it as “Very Good” in regards to its simplicity of process and “Excellent” for its timely payouts; the latter rankings felt more consistent with the vibes we got from the website.
The largest auto insurance provider in the state of Nevada is State Farm, covering 11.2 percent of the market share. We found the website to be comprehensive, but almost overwhelming, with huge blocks of small-print text. Still, we appreciated that it lays out all of the discounts we may be eligible for, such as student away at school and owning a car with airbags, and supplemental coverages offered like rental reimbursement and collision coverage.
We also thought that State Farm’s quote process was a bit more irksome than others. In order to obtain a free quote, the company requires either a Driver’s Licence Number or Social Security Number, and a detailed account of any at-fault accidents, tickets, major violations, or license suspensions in the past six years. That’s a lot of information if you’re just simply shopping for a quote.
State Farm received an evaluation from two main financial institutions, Standard & Poor’s and A.M. Best, and earned a “very strong” and “superior” respectively for financial stability. Its marks were lower from J.D. Power — 2 out of 5 stars in both the overall and claims process categories.
Farmers is responsible for insuring 7.5 percent of the market share in Nevada. The website was straightforward and simple to navigate. A detailed FAQ section delved deep into discounts available and types of coverage, as well as more niche topics about insuring collectible cars and the safest cars to drive.
Farmers offers a suite of supplemental coverages in 13 arenas, including accident forgiveness, towing, roadside assistance, and even glass repair services. Farmers racked up impressive stats from all three major financial institutions, earning a financial outlook of “good” and “very strong” from Moody’s, Standard & Poor’s, and A.M. Best.
In the southwest, J.D. Power rated Farmers’ overall satisfaction and claim satisfaction ratings as 2 out of 5 stars, translating to “below average.” The brand fared better with Consumer Reports; its readers ranked it as “very good” in both its timely payouts and simplicity of process.
Liberty Mutual is responsible for 6.5 percent of Nevada’s auto insurance market share. We quite like the website; it feels very intuitive, well-designed, and simple to use.
However, if you’re just shopping around, know going in that Liberty Mutual’s online quote estimator requires you to enter your Social Security Number — there’s no workaround, either. You’ll hit a dead-end if you don’t enter it. None of our other top picks for auto insurance required this sensitive information before you’re even a customer.
Liberty Mutual garnered positive reviews from all three financial institutions — Moody’s, Standard & Poor’s, and A.M. Best — varying from “good” to “very strong.” J.D. Power rated its overall satisfaction as 3 out of 5 stars, translating to “about average.” Its claim satisfaction ratings were a bit lower at 2 out of 5 stars.
Allstate covers roughly 6.2 percent of Nevada’s auto insurance market. Allstate’s website was a nice resource, with a glossary of insurance-friendly terms clearly defined; the website takes into account that most of us don’t encounter these terms often. The brand clearly lists out its supplemental coverage options (for things like new car replacement and personal injury) and discounts (including ones for having anti-lock brakes or a brand-new car). Allstate offered the most supplemental coverages of all of our top picks (14 to State Farm’s 8, for example). The quote process was fairly seamless and straightforward.
Users gave Allstate 3 out of 5 stars (“about average”) for overall customer satisfaction and 3 out of 5 stars for timely payouts on J.D. Power. Allstate also received high marks from financial institutions like Moody’s, which granted Allstate with its highest rating for having “exceptional financial security.”
The impact of driver’s authorization cards on Nevada auto insurance.
On January 1, 2014, Nevada rolled out a new law regarding driver’s authorization cards (DAC), also known as driver’s privilege cards. After the passing of Senate Bill 303 into law, undocumented immigrants in Nevada can go to the DMV, use a birth certificate or a passport issued by a foreign country as proof of identity, and take a driving test. Then, if the driver passes the test, he or she will be issued a DAC which allows them to legally drive in the state of Nevada — even if he or she doesn’t have the proper paperwork necessary to obtain a Nevada driver’s license. Currently, 12 states and Washington, D.C. have a system in place that allows undocumented immigrants to legally obtain a driver’s authorization card without the need to have a license.
You also need proof of car insurance in order to actually obtain a DAC. That’s why some insurance experts believe that the introduction of this law will eventually decrease auto insurance rates statewide for all drivers; after all, the more insured drivers on the road, the cheaper the premiums everyone has to pay.
As minimum liability coverage goes up, so do premiums.
Effective July 1, 2018, Nevada is raising the rates of its minimum liability coverage. The jump from 15/30/10 minimum liability to 25/50/20 is expected to result in higher premiums for many Nevada policyholders. Nevada drivers are already paying the twelfth-highest premiums in the country, according to the Insurance Information Institute. Some say that’s in part because of what Nevada is known for — a round-the-clock hotspot with more than its fair share of casinos and bars.
Overall, many feel the increase in minimum liability coverage is ultimately good thing, as it will help drivers be adequately covered in the event of an accident. Also, insurance rates tend to go up as a sign that the economy is doing well overall, with more people buying cars and driving for leisure.