Nevada drivers pay a higher-than-average premium for auto insurance, according to 2021 data from Bankrate.com. That’s why it’s crucial for drivers to shop around for insurance that suits both their budgets and needs. We looked at some of Nevada’s largest 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 you make the best choice for your needs.
The 4 Best Car Insurance Companies in Nevada
To determine the best car insurance companies in Nevada, Reviews.com used 2021 average premium data from Bankrate.com along with a comprehensive review of each company’s features and third-party scores. Based on our study, these carriers are among the best in the state:
- State Farm: Best for Discounts
- Geico: Best for Cheap Premiums
- Farmers: Best for Coverage Options
- USAA: Best for Military-Centric Options
Comparing the best car insurance companies in Nevada
These carriers are some of the best in Nevada based on our research, but keep in mind that the best carrier for you will depend on your specific situation. Your budget, coverage needs and wants, discount qualifications, and personal rating factors will all impact which carrier you view as the best.
| Average Annual Minimum Coverage Premium* | Average Annual Full Coverage Premium* | AM Best Rating AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power Customer Satisfaction Score (Southwest region)** J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|---|
| Pin State Farm | $592 | $1,668 | A++ | 847 | |
| Pin Geico | $400 | $1,116 | A++ | 829 | |
| Pin Farmers | $1,415 | $3,369 | A- | 802 | |
| Pin USAA | $612 | $1,549 | A++ | 863** |
Information accurate as of February 2022
*Premium data provided by Bankrate.com
**J.D. Power 2021 Auto Insurance Satisfaction Study rating for the Southwest region. Based on a 1,000-point scale. USAA not officially rated due to eligibility requirements.
State Farm
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Numerous discount options
- Strong financial rating
- Extensive online resources
Cons
- No gap coverage available
- Higher-than-average overall NAIC complaint index
- Not the lowest premium on our list
OTHER POLICIES OFFERED
- Homeowners
- Rental property
- Farm and ranch
- Life
STANDOUT DISCOUNTS AVAILABLE
- Drive Safe & Save
- Steer Clear
- Defensive driving course
- Student away at school
Geico
Best for Cheap Premiums
WHY WE CHOSE IT
Why we chose it
Pros
- Low average premiums
- Robust mobile app
- Plentiful digital tools
Cons
- Few local agents
- Average J.D. Power claims satisfaction rating
- Fewer add-on options than competitors
OTHER POLICIES OFFERED
- Homeowners
- Renters
- Motorcycle/ATV
- Boat
STANDOUT DISCOUNTS AVAILABLE
- Federal employee
- Military
- Membership & employee
- New vehicle
Farmers
Best for Coverage Options
WHY WE CHOSE IT
Why we chose it
Pros
- Accident forgiveness
- Bundling discounts
- Large variety of coverage options
Cons
- Below-average J.D. Power customer satisfaction score
- Average premiums are higher than the state average
- Website is not as intuitive as some competitors
OTHER POLICIES OFFERED
- Collectible auto
- Homeowners
- Vacant home
- Life
STANDOUT DISCOUNTS AVAILABLE
- Signal
- Distant student
- Good student
- Shared family car
USAA
Best for Military-Centric Options
WHY WE CHOSE IT
Why we chose it
Pros
- High customer satisfaction score from J.D. Power
- Strong financial rating
- Lower-than-average premiums
Cons
- Only available to military and qualifying family members
- Limited online information
- Fewer optional coverages than other carriers
OTHER POLICIES OFFERED
- Homeowners
- Condo
- Aviation
- Life
STANDOUT DISCOUNTS AVAILABLE
- Clean driving record
- Good student
- Military installation
- Emergency deployment
*Premium data provided by Bankrate.com.
*J.D. Power 2021 U.S. Auto Insurance Study rating for the Southwest region. Based on a 1,000-point scale. USAA is not officially ranked due to eligibility restrictions.
The Average Cost of Car Insurance in Nevada
Car insurance in Nevada costs an average of $860 per year for minimum coverage and $2,245 per year for full coverage, according to 2021 data from Bankrate.com, making it one of the most expensive states in the nation. For comparison, the national average cost of car insurance in 2021 was $565 per year for minimum coverage and $1,674 per year for full coverage. Nevada’s premiums may be higher due to a higher cost of living; higher prices for parts, labor, and medical care; and a greater likelihood of accidents.
Top 3 Cheapest Car Insurance Companies in Nevada
| Company | Average Annual Full Coverage Premium* |
| Geico | $1,116 |
| Progressive | $1,447 |
| USAA | $1,549 |
* Data provided by Bankrate.com.
Top 3 Most Expensive Car Insurance Companies in Nevada
| Company | Average Annual Full Coverage Premium* |
| Sentry | $4,632 |
| Key | $4,505 |
| AAA | $3,426 |
* Data provided by Bankrate.com.
Top 3 Cheapest Cities for Car Insurance in Nevada
| City | Average Annual Full Coverage Premium* |
| Winnemucca | $1,633 |
| Fallon | $1,635 |
| Fallon Station | $1,635 |
* Data provided by Bankrate.com.
Top 3 Most Expensive Cities for Car Insurance in Nevada
| City | Average Annual Full Coverage Premium* |
| Winchester | $3,147 |
| Sunrise Manor | $3,090 |
| Spring Valley | $2,977 |
* Data provided by Bankrate.com.
Key Things to Know About Car Insurance in Nevada
If you live in the Sagebrush State, having proper car insurance coverage is an important part of your financial plan. Understanding your state’s minimum limits and the proper coverage types and amounts for your situation could help you feel more confident in your insurance choices.
Nevada Car Insurance Requirements
To drive legally in Nevada, you must have an auto insurance policy with at least the following minimum coverage limits:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability per accident
While minimum coverage will satisfy the state’s requirements, most insurance agents recommend that you buy higher limits. Nevada is an at-fault state, which means that you are responsible for the physical damage and injuries that you cause in an at-fault accident. Higher limits provide greater financial protection.
Car Insurance Coverage Options
In addition to higher liability limits, you may want to consider some additional coverage types for greater protection. If you have a loan or lease on your vehicle, you’ll be required to carry full coverage, which includes comprehensive and collision. Even if you own your car in full, you might want to carry full coverage, as well as some other options:
- Comprehensive: Also known as other-than-collision, this type of coverage kicks in to coverage non-collision damages to your car, including damage from theft, vandalism, animal damage, and weather.
- Collision: This coverage gives you financial protection for damages to your car caused by colliding with another vehicle or object, regardless of fault.
- Medical payments: This coverage pays for the medical costs for you and any passengers in your vehicle, regardless of fault and up to the per-person limit that you choose.
- Uninsured motorist: This coverage is designed to pay for your injuries if you are hit by an uninsured motorist.
Frequently Asked Questions
Methodology
Reviews.com reviews products, services and companies based on five criteria to help readers understand how companies compare based on similar metrics. For the best car insurance companies, our editorial team compared affordability, customer support, coverage options, customer satisfaction scores and online resources from each company to determine top providers.
As for average pricing, we used Bankrate.com’s data of car insurance in Nevada, based on the profiles of a 40-year male and female. For full coverage, the details used were the following:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
