How Much Does Car Insurance Cost for a Learners Permit in Nevada?

Things would sure be easy if we could tell you the one auto insurance company that has the most affordable insurance in Nevada. It’s just not that simple, as there are a lot of unknowns such as deductible levels for physical damage coverage, if you want full coverage, the area where you live, and if you own a home. We will try to teach you about the best ways to avoid paying too much and will hopefully give the reader a good start to your coverage search.

The cost and performance of the vehicle requiring coverage is one of the primary factors when comparison shopping for the best coverage for a learners permit. Vehicles with lower acceleration and performance, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models.

The data below shows auto insurance costs for a selection of the most economical vehicles to insure in Nevada.

Cost estimates assume single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in vehicle location which can modify price quotes greatly.

Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific location which can raise or lower coverage rates substantially.

Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in vehicle location which can alter price quotes significantly.

When shopping for the cheapest insurance for new drivers, one of the many factors used to calculate rate quotes is your zip code in Nevada. More densely populated places like Winchester, Paradise, and Enterprise tend to pay more, whereas less populated areas tend to receive slightly lower rates.

The information below shows the most expensive cities in Nevada for a learners permit to buy auto insurance in.

Rates are estimated as zip code location can lower or raise price quotes greatly.

Finding low-cost insurance is easier said than done, and determining which company offers the cheapest insurance rates for a learners permit will involve more quotes for comparison. Coverage rates may be quite a bit greater than the average rate in Nevada due to the potential for higher claims associated with offering coverage for new drivers, but reasonably-priced insurance should be attainable if you are thorough.

Each auto insurer uses their own calculation to set premium rates, so first let’s look at the rankings for the insurance companies that tend to be cheaper in Nevada. It’s important to know that Nevada insurance rates are based on many factors that may substantially change the policy price. Getting older, having a teen driver, or getting a couple of tickets can trigger price changes resulting in some rates now being higher-priced than the competition.

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Travelers generally has some of the cheapest car insurance rates in Nevada at around $912 a year. Allied, Capital, Oregon Mutual, and American Family would also be considered some of the more affordable Nevada auto insurance companies.

In the rate table above, if you currently have a policy with Oregon Mutual and switched to Travelers, you might achieve yearly savings of around $281. Nevada drivers with American Family could save as much as $306 a year, and Progressive policyholders might see rate reductions of $326 a year.

These policy rates are averages across all drivers and vehicles and do not take into consideration a price surcharge for a learners permit. So the auto insurance company that fits your needs best may not even be featured in the list of companies shown earlier. That is why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

Cost difference between full coverage and liability

Finding cheap auto insurance for a learners permit in Nevada is probably important to most vehicle owners, and one of the easiest ways to buy cheaper insurance is to only buy liability insurance. The diagram below illustrates the comparison of premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The data assumes no claims or violations, $500 deductibles, drivers are single, and no discounts are applied.

If we average all the age groups together, full coverage costs an additional $1,455 per year over and above liability only. That is a big expense that brings up the question if buying full coverage is worth the expense. There isn’t a written rule to exclude physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

How to get cheap auto insurance for a learners permit in Nevada

The list below shows some penny-pinching suggestions that can help drivers get cheaper auto insurance.

• Ensure your driving record is clean
• Try to not file small claims
• Higher deductibles save money
• Improve your credit score
• Bundle home or renters insurance to earn a discount on car insurance
• Prevent price hikes by avoiding at-fault accidents
• Compare rates often to find the best deal

The last tip is extremely critical, as we hit on in this piece. Auto insurance rates vary greatly, so drivers shouldn’t be reluctant to buy a policy from a new company if you find a better deal.

Brand loyalty is great, but it’s not recommended if that inflexibility results in costing you money that could be going to better use. If you have a few minutes, shop around and find cheaper insurance for a learners permit.