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Cheap car insurance for young drivers in las vegas

Whether you’re buying only liability insurance or a full coverage car insurance policy, the thought of cheap car insurance is enticing. And there’s no better way to find the best deal than by shopping around and comparing quotes.

To help you find the cheapest car insurance, NerdWallet did a car insurance comparison of rates for incident-free drivers from the five largest auto insurers across the 12 most populous states in the country.

Here’s how the big guys stack up.

In this article

Car insurance rates among the largest companies
Why you should consider smaller insurers, too
Tips to help all drivers save
Cheapest car insurance by state


» COMPARE: Auto insurance rates

Rankings: Car insurance rates among the five largest companies

1. Geico

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For the general population, Geico offers the cheapest car insurance quotes on average nationwide. NerdWallet found an average rate of $1,297 a year in our study.

Geico also provides a variety of easy-to-score discounts that can cut costs. Motorists who’ve gone five years without an accident qualify for the company’s good driver discount. There are also opportunities to save by insuring multiple vehicles, driving a car with air bags, always wearing seat belts and taking advantage of various other discounts.

2. State Farm

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State Farm ranks second for pricing among the four largest companies, but with an average quote of $2,296 per year, nearly $1,000 per year higher than Geico. The good news is drivers have ample opportunity to trim their costs, especially if they have a clean driving record. Among other savings opportunities, State Farm offers four separate discounts that deal with safe and accident-free driving.

State Farm is the nation’s leading car insurance provider in terms of market share, offering a vast array of insurance products and financial services in every state plus Washington, D.C.

3. Progressive

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Progressive returned an average quote of $2,821 per year, which comes out to $235 a month. That’s $525 a year higher than State Farm and more than double the cost of Geico.

Progressive may appeal to drivers looking for a paper- and agent-free experience. You can manage your policy entirely online. Starting a quote online and signing policy documents electronically are also two ways to qualify for discounts, along with things like bundling auto and home insurance and insuring multiple cars.

4. Allstate

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Of the four largest insurers, Allstate had the highest average annual quote for good drivers at $3,182, or roughly $265 per month. Although ponying up that kind of cash is a lot to ask, the company has solid finances and relatively few complaints from policyholders. Allstate holds an A+ (Superior) financial strength rating from A.M. Best and has a customer complaint ratio of 0.77, better than the industry median of 1.00, according to data compiled by the National Association of Insurance Commissioners.

Among other discounts, Allstate offers price breaks for safe driving, including savings once you’ve gone accident- and violation-free for three years, and again for five years.

» COMPARE: Car insurance quotes

USAA: Best for those with military ties

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Alex Glenn Car insurance estimator njmls Get a quote Open only to active military members, veterans and their families.

You may already recognize USAA for its highly rated customer service. But the company has more to offer than a friendly bedside manner — it also notched the cheapest car insurance rates in our study, at $918 a year. USAA offers several discounts to help you save more, including for going more than five years with a clean record and for taking an approved defensive driving course.

USAA is open to active and retired military members and their families, and offers car insurance and other insurance products in all 50 states and Washington, D.C.

Check out smaller insurers, too

Finding cheap car insurance doesn’t mean you have to stick with large, national insurance companies. Regional and small insurers may beat the lowest offers from the big guys. For example:

  • Grange Mutual offered the lowest car insurance in Ohio at $701 a year.
  • Erie Insurance had a rate of $796 for Pennsylvania car insurance, second-lowest behind only USAA.

Tips for anyone to get cheap car insurance

No matter who your auto insurance company is, here are tips for saving on your policy:

  1. Look for discounts — even ask for them. There could be discounts you’re not taking advantage of. For instance, maybe you now work from home and are driving less than when you bought your policy. Mention it and you might get a low-mileage discount.
  2. Rethink your insurance limits and deductibles. Don’t strip away your coverage just for the sake of a lower price. But consider accepting a higher deductible on collision and comprehensive if it makes sense. Raising deductibles means you would owe more out of pocket if you had to file a comprehensive or collision claim. If you rarely drive or are financially comfortable with that risk, though, it’s a surefire way to get cheaper car insurance.
  3. Cash in on major life changes. Certain life events could translate to cheaper car insurance. For instance, many companies offer a lower rate for married couples or domestic partners. Or perhaps you moved to a new city with stellar public transportation. If you’re commuting by train instead of car, your risk for accidents will go down — and your rates just might, too.

NerdWallet’s comparison tool makes it easy to see quotes from top companies side by side and possibly save hundreds on your rates.

Cheapest car insurance by state

Wondering who’s the most likely to offer cheap auto insurance where you live? NerdWallet looked at rates for 30-year-old good drivers from the largest insurers in each state. Find your state in the list below:

STATE BY STATE
Alabama Alaska Arizona Arkansas
California Colorado Connecticut Delaware
District of Columbia Florida Georgia Hawaii
Idaho Illinois Indiana Iowa
Kansas Kentucky Louisiana Maine
Maryland Massachusetts Michigan Minnesota
Mississippi Missouri Montana Nebraska
Nevada New Hampshire New Jersey New Mexico
New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island
South Carolina South Dakota Tennessee Texas
Utah Vermont Virginia Washington
West Virginia Wisconsin Wyoming
Alabama
  • Geico
  • ALFA
  • Allstate
Alaska
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
Arizona
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
Arkansas
  • Geico
  • USAA (only available to active military members, veterans and their families)
  • State Farm
California
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • Esurance
Colorado
  • USAA (only available to active military members, veterans and their families)
  • American Family
  • State Farm
Connecticut
  • Amica Mutual
  • Travelers
  • State Farm
Delaware
  • USAA (only available to active military members, veterans and their families)
  • Nationwide
District of Columbia
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
Florida
  • State Farm
  • Geico
  • Esurance
Georgia
  • Geico
  • Georgia Farm Bureau
  • State Farm
Hawaii
  • Geico
  • USAA (only available to active military members, veterans and their families)
  • State Farm
Idaho
  • Safeco
  • Geico
Illinois
  • Country Financial
  • State Farm
  • American Family
Indiana
  • Erie
  • Indiana Farmers Mutual 
  • American Family
Iowa
  • Nationwide
  • American Family
  • State Farm
Kansas
  • USAA (only available to active military members, veterans and their families)
  • State Farm
  • Farm Bureau Mutual
Kentucky
  • State Farm
  • Geico
  • Kentucky Farm Bureau
Louisiana
  • State Farm
  • Southern Farm Bureau
  • Allstate
Maine
  • Geico
  • Concord
Maryland
  • USAA (only available to active military members, veterans and their families)
  • Erie
  • Geico
Massachusetts
  • Commerce (MAPFRE) Insurance
  • Progressive
  • Amica Mutual
Michigan
  • Auto-Owners Insurance
  • Hanover
  • Frankenmuth Insurance
Minnesota
  • Travelers
  • American Family
  • Western National
Mississippi
  • Safeco
  • USAA (only available to active military members, veterans and their families)
Missouri
  • American Family
  • Farm Bureau
  • AAA
Montana
  • USAA (only available to active military members, veterans and their families)
  • State Farm
Nebraska
  • Farmers Mutual of Nebraska
  • State Farm
  • Allstate
Nevada
  • Geico
  • State Farm
  • American Family
New Hampshire
  • Amica Mutual
  • Concord
  • Geico
New Jersey
  • Travelers
  • New Jersey Manufacturers
  • Allstate
New Mexico
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
New York
  • Geico
  • Travelers
  • Progressive
North Carolina
  • Geico
  • Progressive
  • North Carolina Farm Bureau
North Dakota
  • State Farm
  • American Family
  • Nodak Mutual
Ohio
  • Grange
  • Erie
  • State Farm
Oklahoma
  • State Farm
  • USAA (only available to active military members, veterans and their families)
Oregon
  • Country Financial
  • Geico
  • State Farm
Pennsylvania
  • Erie
  • USAA (only available to active military members, veterans and their families)
  • Travelers
Rhode Island
  • Geico
  • Amica Mutual
  • Progressive
South Carolina
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
South Dakota
  • Allied
  • State Farm
  • Farmers Mutual Insurance of Nebraska
Tennessee
  • Geico
  • Farm Bureau Mutual
  • Travelers
Texas
  • USAA (only available to active military members, veterans and their families)
  • Geico
  • State Farm
Utah
  • Bear River Mutual
  • Geico
  • American Family
Vermont
  • Geico
  • Co-operative Insurance
  • Nationwide
Virginia
  • Geico
  • State Farm
  • Nationwide
Washington
  • Geico
  • PEMCO
  • Farmers
West Virginia
  • Erie
  • Westfield Insurance
Wisconsin
  • American Family
  • West Bend Mutual
  • State Farm
Wyoming
  • Geico
  • Safeco

To recap:

Cheap car insurance options

InsurerCheapest forAverage price
USAADrivers with a military connection$77/month
GeicoGeneral population$108/month

Alex Glenn is a staff writer at NerdWallet, a personal finance website. Email: aglenn@nerdwallet.com.

METHODOLOGY

NerdWallet averaged rates for 30-year-old men and women with no incidents on record across the 12 most populous states in the country in 10 ZIP codes per state and from the largest insurers in each state. Sample drivers had 100/300/50 liability insurance limits, 100/300 uninsured motorist coverage limits and collision and comprehensive with a $1,000 deductible. Where needed, minimum required amounts of personal injury protection were added. We used a 2012 Toyota Camry in all cases. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Source


Starting to drive is an exciting moment for teens, but for their parents, it can be stressful and it will certainly be expensive. The good news is that you can check quotes from different insurance companies and minimize the damage to your wallet. Let us guide you through buying car insurance for young drivers to help you save money.

Find out about…
• Policies
• Rates
• Discounts
• Cars
• Insurance for College Students

Policies

Before your teen starts driving, you should know:

  • All drivers in a household need to be added to a car insurance policy. There is no easy or cheap way to get around car insurance for a new driver. Either you need to add your teen to your policy, or the teen needs his own policy.
  • Sharing a joint policy with a teen is cheaper than paying for separate policies. Additionally, there is no benefit to a teen getting his own policy. This doesn't mean, however, that you should simply add your teen to your current policy and be done with it. Adding a new driver means your company generates your rates all over again, and a different company may give you a better deal. Shop around by getting quotes from several companies.

Do I have to add my teen once he has a learner’s permit?

The process of insuring a new driver typically starts when the teen gets a learner's permit. Once teens get a learner's permit (aka provisional license or instruction permit in some states), some companies allow you to add them to your policy at no additional charge until they get their licenses or turn 18. They allow this because state permit-holder laws require a licensed driver age 21 or older in the passenger seat, making the young driver less of a risk. Other auto insurance providers require that teens be added when they are in the permit stage, so check with your provider.

Do I have to add my teen to my policy if he doesn’t own a car?

Yes. It doesn’t matter that he doesn’t have his own car; he has access to yours. If you don’t add him to your policy and he is in an accident, your policy may not cover him. Some car insurance companies explicitly note in their policies that unless you notify them of additional drivers or risks, those individuals will not be covered. If they do cover the accident, the insurer may require you to pay back premiums from the time the teen was licensed.

If your teen is getting a license but isn’t going to drive your cars -- ever -- then in some states, some insurers will let you exclude the teen from your policy. If you do exclude a teen, or anyone, from your policy, there will be no car insurance coverage extended if they are in an accident. Many insurance companies want you to tell them about household residents who are over a certain age (usually 15) whether that person is licensed or not.

Do I have to tell my insurance company about my teen if he isn’t licensed?

Yes, you usually do. When you renew your policy, you are usually asked for information on everyone in your household. If your child hasn’t received a permit or license yet, the teen usually can be listed as unlicensed on your policy. When a young driver is noted as unlicensed, he also should be unrated by the car insurance company, meaning the teen wouldn't affect your rates.

Who should insure a teen if the parents are divorced?

In general, the custodial parent’s policy is primary for the newly licensed driver. However, if the child will drive when staying at the second home, both parents typically need to list the teen as a driver. Car insurance companies deal with this situation differently, so check with your company and ask what your new rates will be. This way you’ll know what to shoot for if you decide to shop around for a better deal.

How can a teen get his own policy?

A teen driver can get a car insurance policy of his own, but if he’s under 18, a parent or guardian signature is required on the policy since insurance is a legal contract. Even if you are willing to sign on the policy with a young driver, keep in mind that it’s cheaper if the teen is added to your policy instead. Read our age-specific guides for teen drivers to see how rates differ depending on whether the teen is on his own policy or the parent;s:

  • 16-year-old
  • 17-year-old
  • 18-year-old
  • 19-year-old

Rates


How much does car insurance for new drivers cost?

Our analysis of the cost of adding a teen driver showed an average increase of 160% when a married couple added a teenage boy to their car insurance policy. This number can only be used to give you a very general sense of how much your rates will increase. Every situation is different, and rates depend on your insurance provider, coverage options, ZIP code, vehicles, driving records, how much you drive and many more factors.

Why is car insurance for young drivers so expensive?

Teens are inexperienced behind the wheel and immature by nature. That's a bad combination. A brand-new driver is 12 times more likely to have an accident than someone with a year of experience, says the National Institutes of Health. A 16-year-old who’s had one accident is 50 percent more likely to have another, says the National Highway Transportation Safety Administration. In addition, maturity levels change quickly. Teens who get their licenses at age 18 have fewer fatal accidents than those who are licensed at age 16. Many insurers no longer lump all young drivers together but instead rate age groups separately.

At what age do young drivers' rates go down?

The age of 25 is typically when insurance companies begin to offer the same rates they do to all other adults. Some carriers will lower rates for women when they turn 21 and men when they turn 24. Once you’re no longer priced as a “young driver,” your insurance provider will rate you based on your driving record rather than those for young drivers in general. In addition to rating drivers based on age, insurers can also levy a surcharge for inexperience, usually for those who have been licensed less than a year. To get a better sense of how insurance rates change by age, see average insurance rates by age.

Discounts


Good student discount

Encourage your kid to do well in school because student car insurance discounts can help bring down your rates. Each insurer has its own guidelines, but typically the discount can be 10 percent to 15 percent. Each insurer always has its own rule for what constitutes a “good student” – either a 3.0 grade point average or above, placement on dean’s list or honor roll, or ranking in the top 20 percent of the class.

Safe driver discount

Look into discounts for new drivers who take a safe-driver course, sometimes sponsored by the insurance company. This may mean attending an actual classroom driver’s education class, watching a driving video, or passing a written driving safety test. Your company may also offer discounts if the teen drives with devices that monitor driver behavior.

Cars for Teen Drivers

Given the cost of car insurance for your teen, you may want him driving a car this is cheap to buy and cheap to insure. Check out our list of the 20 best used cars for teens.

The least expensive cars to buy aren’t always the least expensive to insure. Some cars cost more to repair after an accident, and some have a record of more injury claims than others do. And the least expensive car to insure may not be the safest. Electronic equipment such as stability control and antilock brakes can help novice drivers avoid accidents, and there can be a discount for having them. The lowest car insurance rates are often given to drivers with minivans and small SUVs.

Insurance for College Students

When a teen moves out to go to college, you’ve got another car insurance decision to make, based on whether the teen owns a car, how far he moves, if he’s going to drive a family car while in town, etc. Read our guide to car insurance for college students to get guidance for your unique case.

Source


As the parent or guardian of a young driver, you know it's essential to have good car insurance to protect them. Whether you're paying for it or they're working hard to foot the bill, it's a new expense for your family. Fortunately, you can find cheap car insurance for teens without breaking the bank. Here are the six ways to lower the cost of a young driver policy:

1. Learn about Good Student discounts

Students with higher grade point averages are usually more responsible and better drivers. If your young driver earns a B average or better at school, you may qualify for a good student discount on Nationwide teen car insurance.

2. Install anti-theft devices

You may save when you install an anti-theft device in the vehicle. Your possible discount varies based on the type of device installed and the state in which the vehicle is garaged.

3. Keep rates low for teen car insurance with Accident Forgiveness

Accidents happen to even the best young drivers. And if one does occur, insurance rates may rise as much as 30%. If you have Nationwide's Accident Forgiveness as part of your teen car insurance package, your rates will not increase following the first at-fault automobile accident.

4. Take a defensive driving class

When your teen successfully completes an approved motor vehicle accident prevention course, this Nationwide discount may help you get affordable car insurance.

5. Choose the right teen car insurance policy for your needs

With Nationwide, there are lots of ways to protect your teen while staying within your budget. For example, a higher auto insurance deductible may lower the rate, but could mean more out-of-pocket expenses after an accident. If the vehicle is older or has very high mileage, liability coverage may be a better option than collision or comprehensive – though it will not cover damages to the car after an at-fault accident. Getting the right coverage that best fits your needs is important for saving money on your teen auto policy. Learn more about Nationwide’s auto insurance coverage types today.

6. Stay safe with teen driving tips

One of the most reliable ways to keep insurance costs low is to avoid accidents. Learn about the risks teen drivers face and get tips for how to prevent them. Nationwide’s teen driving resource center offers practical information about teen decision making, distracted driving, the role of parents in teen driving and more.

Learn more about getting low rates on auto insurance.

Source

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