Who Has Cheap Auto Insurance for High School Students in Nevada?

Deciding which insurers offer the lowest-priced auto insurance rates for high school students calls for a bit more effort than just picking a company at random. Every auto insurer has their own process to set premium rates, so let’s take a look at the most competitive auto insurance companies in Nevada.

It’s important that readers know that Nevada auto insurance rates are calculated based on many things that can increase your annual premium. Improving your credit rating, adding a teenager to your policy, or getting a few speeding tickets may prompt premium changes resulting in some rates now being affordable when they were higher priced.

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Travelers has some of the lowest car insurance rates in Nevada at around $903 each year. Allied, Capital, Oregon Mutual, and American Family also are some of the cheapest Nevada insurance companies.

As the example above demonstrates, if you are insured with Oregon Mutual and switched to Allied, you might see a yearly savings of in the vicinity of $226. Insureds with American Family might save as much as $273 a year, and Progressive insureds might reduce prices by as much as $305 a year.

To see if your current coverage is too expensive, click here to begin a quote or quote prices from the following companies.

Remember that these policy rates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a price surcharge for high school students. So the auto insurance company that can offer you the best rate may not even be included in the rate chart shown above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.

The type of vehicle requiring coverage is a significant factor when shopping around for the best cheap auto insurance for high school students. Vehicles with high performance features, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The data below shows coverage rates for a handful of the cheapest vehicles to insure in Nevada.

Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific garaging location which can alter prices significantly.

Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can alter coverage prices noticeably.

Price data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in garaging location in Nevada which can lower or raise insurance rates noticeably.

When shopping for cheaper car insurance for teenagers, one of the many considerations that play a part in determining a rate quote is where your residence is. More populated areas like Winchester, Sunrise Manor, and Las Vegas tend to pay higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.

The information below shows the most expensive areas in Nevada for high school students to purchase car insurance in.

Premium costs are comparative as zip code location can increase or decrease premiums greatly.

Cost of full coverage

Finding cheap auto insurance for high school students in Nevada is important to most drivers, and one great way to buy cheaper insurance is to only buy liability insurance. The illustration below shows the comparison of car insurance costs when comparing full coverage to liability only. The rate quotes are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

If averaged for all ages, physical damage coverage on your policy costs $1,940 per year more than just insuring for liability. That brings up the question if it’s worth it to buy full coverage. There is no set guideline of when to eliminate comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

There are some scenarios where dropping full coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Accidents and violations increase rates

The best way to enjoy the most affordable auto insurance prices for teenagers is to drive attentively and avoid accidents and traffic violations. The illustration below illustrates how violations and at-fault fender-benders impact insurance costs for different insured age categories. The price estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

In the example above, the average cost of an auto insurance policy per year with no accidents or violations is $1,650. Add in one speeding ticket and the average cost swells to $1,899, an increase of $249 each year. Then add one accident along with the one speeding ticket and the 12-month cost of auto insurance for high school students goes up to an average of $2,595. That’s an increase of $945, or $79 per month, just for not driving attentively!