How Much Does Car Insurance Cost for a 20 Year Old Male in Nevada?

Wouldn’t it be so easy if you could just magically know the best company that has the cheapest rate quotes for 20 year old guys? It’s not that simple, unfortunately, as there are a whole bunch of unknown elements such as if you have maintained coverage continuously, your marital status, and if you have any chargeable driving offenses. The information below will cover the best ways to maintain low rates and will give you a good start to your coverage search.

Comparing quotes for reasonably-priced insurance is confusing at best, and determining which insurers offer the best car insurance rates for 20 year old guys will take even more work. Prices should be much more expensive than the average policy in Nevada, with the extra cost attributed to the potentially higher risk that goes along with offering insurance for young men, but affordable insurance should be obtainable if you compare enough rates.

Every insurance company has a proprietary method to set their prices, so let’s rank the car insurance companies with the most affordable rates in Nevada. It’s important that you understand Nevada car insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. Improving your credit rating, buying a different vehicle, or getting a reckless driving citation can produce rate changes that can cause some rates to be cheaper than competitors.

Lowest Insurance Price Quotes for Men Age 20

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Allied may have some of the best car insurance rates in Nevada at around $939 per year. Travelers, Capital, Oregon Mutual, and American Family also are some of the cheaper Nevada auto insurance companies.

As shown in the table above, if you are currently insured with Capital and switched to Allied, you might see yearly savings of in the neighborhood of $79. Insureds with Oregon Mutual could save as much as $243 a year, and American Family policyholders might reduce rates by $255 a year.

To find out how your current rates compare, click here to start your free quote or quote rates from the companies below.

It’s important to note that these rates are averages across all types of drivers and the different vehicles they drive and do not factor in a price increase for 20 year old guys. So the auto insurance company that can offer you the best price may not even be featured in the chart above. That points out the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.

The vehicle that needs insurance is one of the biggest factors when comparison shopping for cheap insurance for 20 year old guys in Nevada. Vehicles with limited top-end speed, excellent safety ratings, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The next table ranks coverage rates for some of the cheapest vehicles to insure.

Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific Nevada garaging location which can modify coverage prices noticeably.

Based upon the rates shown, we can expect cars like the Honda CR-V, Ford Escape, and Chevrolet Traverse will definitely be a few of the most budget-friendly vehicles to insure for young men. Rates will trend higher just because there is more risk for 20 year old guys, but generally speaking those particular vehicles will most likely have the lowest prices compared to other vehicles.

When shopping for insurance for young men, one of the many considerations that affect the amount you pay each year for auto insurance is where you keep your car. Areas that are more densely populated or have higher claim rates like Winchester, Spring Valley, and Las Vegas tend to have more expensive car insurance rates, whereas areas with less congestion generally pay lower insurance rates.

The following table lists the highest-priced areas in Nevada for 20 year old guys to purchase auto insurance in.

Prices are comparative as the specific area where the vehicle is garaged can affect price quotes significantly.

Tickets and at-fault accidents raise rates

One of the best ways to obtain the best car insurance premiums in Nevada for young men is to be a safe driver and avoid accidents and violations. The illustration below shows how violations and accidents influence insurance premiums for each age group. The costs are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.

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The data charted above shows the average cost of a car insurance policy in Nevada per year with a clean driving record and no accidents is $1,103. Receive two speeding tickets and the average cost swells to $1,513, an increase of $410 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of car insurance for 20 year old guys increases to an average of $3,221. That’s an increase of $2,118, or $177 per month, just for not being a responsible driver!

Full coverage or liability only

Finding cheap insurance for 20 year old guys in Nevada is probably important to the majority of vehicle owners, and one great way to find cheaper insurance is to buy only liability coverage. The diagram below compares insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The data assumes no claims or violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.

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As an average for all age groups, physical damage coverage costs $1,751 per year more than just buying liability only. That amount may make you wonder if buying full coverage is worth the expense. There is no clear-cut formula for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

How to get cheap insurance for 20 year old guys in Nevada

Below you’ll find some money-saving ideas that can help drivers quote cheap car insurance.

• Good credit scores may make rates cheaper
• Safe vehicles cost less to insure
• Avoid filing excessive claims
• Having at-fault accidents will increase rates
• Do not get traffic citations
• Shop around for cheaper prices

The last idea is highly significant, as was stressed in this write-up. Insurance rates in Nevada fluctuate considerably, so don’t hesitate to buy a policy from a new company if a better deal can be had. Many drivers prefer to stick with one company, but it’s not a good idea if that dedication is costing a lot of money every month. It takes less than five minutes to shop around and find cheaper insurance for 20 year old guys.