Nevada drivers pay a higher than average premium for auto insurance. That’s why it’s so important for drivers to shop around for insurance that suits both their budgets and needs. We looked at some of Nevada’s biggest insurance providers by market share and compared their AM Best ratings, J.D. Power scores, average annual premiums, available discounts, and coverage options, to help customers make the best choice.
After our analysis, we chose State Farm as the top carrier due to its financial strength, customer ratings, cost, and offerings.We examined additional carriers as well, which are included below.
The 5 Best Car Insurance Companies in Nevada
| State Farm | GEICO | American Family Insurance | Farmers Insurance | USAA | |
| Our review | Our review | Our review | Our review | Our review | |
| AM Best Financial Strength Rating | A++ | A++ | A | A | A++ |
| J.D. Power 2019 Overall Customer Satisfaction Score(Southwest Region) | 5/5 | 3/5 | 3/5 | 3/5 | 5/5 |
| Avg. Annual Premium | $662 | $648 | $959 | $965 | $738 |
Quadrant car insurance rate data as of 04/22/2020
State Farm
Pros
- Great customer satisfaction rating
- Significant possible discounts
Cons
- Some common features missing
State Farm received a near-perfect rating in the Southwest Region, according to the most recent J.D. Power 2019 U.S. Auto Insurance Study. It offers Nevada drivers several discounts, including good driving, vehicle safety, and accident-free discounts.
However, there are some add-ons that customers won’t find with State Farm, such as new car replacement or gap coverage. This could be a deterrent for some.
GEICO
Pros
- Well priced
- Innovative mobile app
Cons
- Finding local agents can be challenging
GEICO is one of the cheapest providers we reviewed for Nevada drivers. They also have a great mobile app that appeals to tech-savvy customers who prefer handling everything from their phone.
Things may be more difficult for customers who prefer to handle situations in person, since GEICO’s focus is online, its network of agents is smaller than some other companies.
American Family Insurance
Pros
- Easy-to-navigate website
- Multiple discount options
Cons
- Quotes can’t be completed online
American Family Insurance has several discount possibilities for Nevada drivers looking to save money. Customers can shave off premium prices with good driving, safety equipment, and low mileage, just to name a few. The website has an intuitive layout, so customers can find all the information they need without trouble, file claims, pay bills, and even manage policies.
One common frustration among customers is you can’t complete your quote online. You can start it on the website, but after you provide basic information, you’re directed to contact an agent to finish the process.
Farmers Insurance
Pros
- Financially strong
- Accident forgiveness
Cons
- Average customer service ratings
Farmers Insurance is a long-established nationwide company. It has a strong financial standing, so Nevada drivers can rest assured that Farmers Insurance is capable of paying for claims. The company has numerous offerings, including accident forgiveness, helpful for customers who don’t want their rates to skyrocket in the event of an accident where they’re at fault.
Drivers who are looking for excellent customer service may be disappointed by Farmers Insurance’s customer service ratings. In the J.D. Power 2019 U.S. Auto Insurance Study, Farmers Insurance lands on the bottom end of average for overall customer satisfaction.
USAA
Pros
- High customer satisfaction
- Flexible payment plans
Cons
- Only available for the military community
Only veterans, active military members, and their families are eligible for USAA policies. But among the military community, USAA has very high customer satisfaction ratings. One feature customers like is its flexible payment plans..
The Cheapest Car Insurance Companies in Nevada
| Largest Companies by Market Share in Nevada | Average Annual Premium |
| GEICO | $648 |
| State Farm | $662 |
| USAA | $738 |
| Progressive | $897 |
| American Family Insurance | $959 |
| Farmers Insurance | $965 |
| Progressive | $985 |
| Nationwide | $1,386 |
| Allstate | $1,671 |
| Credit Rating tier | Average Annual Premium |
| Poor | $1,289 |
| Below Fair | $1,059 |
| Fair | $887 |
| Average | $814 |
| Good | $761 |
| Excellent | $636 |
| Average Across Credit Rating Tiers | $908 |
Top 3 Cheapest Car Insurance Companies in Nevada
- GEICO – $648
- State Farm – $662
- USAA – $738
Top 3 Most Expensive Car Insurance Companies in Nevada
- Allstate – $1,671
- Nationwide – $1,386
- Progressive – $985
The cheapest car insurance providers in Nevada are GEICO, State Farm, and USAA. The most expensive companies in Nevada are Allstate, Nationwide, and Progressive. These premiums are based on general profiles. To find the best value for your coverage needs, we recommend requesting personalized quotes from several companies.
Guide to Nevada Car Insurance
Nevada Minimum Liability
Coverage liabilities on your Nevada policy show the maximum amounts your insurance will pay for an accident you caused. Nevada law requires you to have a minimum amount of liability coverage for bodily injury and property damage before you’re able to register your vehicle. Nevada’s minimum liability breaks down as follows:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $20,000 property damage per accident
This is often written in shorthand as 25/50/20.
Consider More Than the Minimum
While you may feel secure with minimum liability coverage, you should get all the coverage you can afford. The best way to keep yourself and your wallet safe is to purchase as much insurance as is financially feasible.
How We Found the Best Nevada Car Insurance Companies
For our research into Nevada car insurance providers, we started with the state’s largest companies, analyzing their financial stability with ratings from AM Best, S&P, and Moody’s. We also looked at overall customer service ratings with J.D. Power to confirm service quality and their policy options and discounts for value.
We worked with Quadrant Information Services to provide data on auto insurance rates by company and credit score. Quadrant makes this information available using rate data that insurers are required to file with the state Department of Insurance. Rates are based on sample profiles created by Reviews.com for comparative purposes.
Nevada Car Insurance Companies FAQ
What are average auto insurance rates in Nevada?
The average auto insurance rate in 2017 in Nevada was about $1,259. This is higher than the countrywide average of $1,134.
How much auto insurance do you need?
Nevada’s minimum coverage requirements are 25/50/20. It’s advisable, however, to protect yourself with more than the minimum requirements. Accidents can be incredibly expensive. With bare-bones coverage, you’re more than likely to pay most expenses out of pocket.
About the Authors
Lorraine Roberte is a South Florida-based personal finance writer. Her work has been published on sites such as Thrive Global, Elephant Journal, Red Tricycle and Tweak Your Biz.
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