Average Rate of Car Insurance in Las Vegas, NV, is $1,953

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The average cost of car insurance in Las Vegas is $1,953. This is higher than the cost of auto insurance in Whitney, Nellis AFB, Sunrise Manor, and Winchester. The cost of auto insurance is influenced by numerous factors such as the value of deductibles, age of the driver, driving record, and make and model of the car. The cost of auto insurance can also vary from one neighborhood to another, depending on the rate of auto thefts in that area.

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Insurance Requirements:

Car insurance is mandatory for all vehicle owners in Nevada. The minimum liability insurance requirements for private passenger vehicles are as follows:

  • $25,000 for injury/death to a person.

  • $50,000 for injury/death of two or more persons.

  • $20,000 for damage to property.

Age of the Driver:

The cost of auto insurance varies according to the age of the driver. With an increase in the driving experience, the cost of auto insurance decreases. This is perhaps why teenagers in Las Vegas end up paying the most on auto insurance. The average cost of auto insurance for a teenager in Las Vegas is $6,377. This is more than double the average cost of auto insurance for the next age group. Car owners who are in their fifties end up paying only $1,722 on car insurance, while car owners who are in their sixties pay $1,746.

Multi-Car Insurance:

Car owners who own multiple cars can insure all their vehicles under the same auto insurance company to avail discounts. The average cost of insuring two cars in Las Vegas will cost up to $3,320, resulting in a savings of  $586 on car insurance. Car owners in Las Vegas can save up to $1,172 on car insurance by opting for multi-car insurance policies.

Credit Score:

The credit score of a car owner plays a crucial role in determining the cost of auto insurance in Las Vegas. The better the credit score, the cheaper the cost of auto insurance. Car owners with an exceptional credit score (between 800 and 850) can obtain car insurance in Las Vegas for as low as $1,676. On the other extreme, car owners with a credit score between 300 and 579 will find car insurance to be extremely expensive, at $3,186.