Best car insurance in Nevada for 2024

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto and home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points.

Nevada’s car insurance laws require drivers to carry a minimum amount of liability coverage to drive on public roads. Although an agent can’t sell you a Nevada car insurance policy that fails to meet the state’s minimum limits, knowing what these limits are can help provide a benchmark when building your coverage package.

It’s also important to note that carrying only the minimum may result in cheap car insurance but could leave drivers financially exposed after an accident. For enhanced protection, many insurance professionals suggest increasing your liability limits if you can afford to.

If you have a loan or lien on your car, you may be required by your financial institution to have comprehensive and collision coverage. This is to protect the lender — which technically owns the car until you pay it off — in the event of an accident. You could also consider gap coverage. This type of insurance is intended to help cover the “gap” between how much you owe on a financed car and its actual cash value. Keep in mind that these additional coverage types will likely raise the cost of your premium.

Understanding how you use your car could help you decide which car insurance carrier to go with and which types of coverage you need. If you don’t drive often, for example, having a low-mileage car insurance policy could be more suited to your needs and budget. Families with teen drivers may choose to opt for higher liability insurance limits for extra financial protection or look for companies with teen driver discounts to save money on their premiums.

If you are looking for the cheapest car insurance in Nebraska, there are a few companies with a reputation for affordable coverage that you may want to ask for quotes. These include Geico, Progressive and Country Financial. Keep in mind, however, that your rate is unique to you and your circumstances, and is based on a range of factors, some of which you may have no control over. Your insurer will look at your age, gender and credit rating, for example, as well as your car's age, make and model. One factor you can control, however, is your driving record. Drivers with no moving violations in their records are likely to earn low rates, all other factors being equal.

As is true in almost all states, Nevada requires drivers to purchase a car insurance policy in order to drive on public roads legally. You will need to show proof of insurance in order to register your car in the state.

There are several penalties you may face if you are found to be driving without insurance in the Sagebrush State. You may be required to pay fines of as high as $1,750, but this will depend on several factors, including whether or not you have been previously cited for not having insurance. Keep in mind that any amount of time without coverage is too much — even a single day without a policy could lead to penalties. You may also face license suspension, and may be required to submit an SR-22 certificate to the DMV. This form is generated by your insurer, and states that you have the required amount of insurance to drive legally. It is generally reserved for high-risk drivers. Since some carriers will not issue SR-22s, you may need to find a new company to insure you if you need to submit this form, and may also have to pay a higher rate for coverage.