Las Vegas Car Insurance Rates
Over the past few years, car insurance rates in Las Vegas have increased drastically. Experts believe that rates are likely to rise in near future. On an average, cheapest car insurance in Las Vegas
will cost you between 1500 and 2000 USD. The insurance cost differs for men and women. When compared against the national average insurance cost (866 USD), Las Vegas is very expensive.
Car insurance premiums increase due to various reasons. This includes high traffic, poor credit scores, high theft rates and more accidents. These factors make car insurance in Las Vegas an expensive affair.
- Liability coverage: Men - $1,108, Women - $1,208
- Collision coverage: Men - $367, Women - $377
- Comprehensive coverage: Men - $93, Women - $95
- Total Cost Per Year: Men - $1,569, Women - $1,681
- Price Per Month: Men - $130, Women - $140
Popular cars in Las Vegas
When you are in Las Vegas, remember to experience its richness and splendor. May it be the cars, hotels or girls, you have many luxurious options to pick from. Famous vehicles in the sin city includes: Ford Ranger, Ford F150, Ford Mustang, Ford Taurus SE, Ford Explorer, Honda Civic EX/LX, Honda Accord, Toyota Camry, Hyundai Sonata and Nissan Altima. Indeed, you will see plenty of Hondas and Fords in Las Vegas.
Best car insurance companies
The talk about car insurance will remain incomplete without the providers. Due to high road traffic and cars, you will come across many best car insurance in Las Vegas
. Famous names include AIG, Allstate, AAA, American Family, Ensurance, Farmers, Geico, Liberty Mutual, Nationwide and Progressive. These brands have been around for a very long time. They have insured more than tens of thousands of vehicles in Las Vegas.
Las Vegas Drivers
As mentioned previously, car insurance in Las Vegas is expensive for a reason. According to a recent study, Las Vegas ranks 113 (out of 200) when it comes to road accidents. In the United States, drivers maintain a gap of 10 years between accidents. However, drivers in Las Vegas maintain a gap of 8.5 years. This is much more than the national average. If you want to reduce your average car insurance premium
, you must learn to drive carefully. You should maintain good speed, follow road rules and never run over someone!
Apart from the driver’s ability to maintain sound standards, driving conditions in Las Vegas are quite tricky. There are so many factors to influence and increase your insurance rate. For example, Las Vegas enjoys a subtropical climate. The place is warm for more than 300 days a year. Summers in Las Vegas can be extremely hot, dry and lengthy. On the other hand, winters are shorter and milder.
“Rain” in Las Vegas is a miracle. On an average, the city enjoys 4.19 inches of rainfall every year. And, you will never see snow in this part of USA. Tough weather conditions have increased the number of accidents in Las Vegas. Consequently, insurance rates have stepped up. Another reason behind high accidents rates would be poor road condition. According to a recent study, most of the Las Vegas roads are poorly maintained. More than 11% of the roads are in bad or mediocre state. These roads have increased vehicle operation charges by 440 USD for drivers.
Finally, traffic congestion has given Las Vegas another reason to increase car insurance premiums. When it comes to traffic, the city ranks 22 in the United States. Most commuters spend between 19 to 30 minutes stuck in traffic. An average commuter in Las Vegas, loses more than 900 USD every year due to traffic congestion. Also, they waste more than 70 hours every year on the road!
In Las Vegas, moving violations include many factors: speeding tickets, drunken driving, poor driving records and accidents. These are factors that can increase your car insurance premiums. The process of fighting traffic tickets in Las Vegas is not easy. However, you should invest plenty of time and fight the tickets. Even if you are unable to dismiss the ticket, you can reduce the charges. In fact, drivers are advised to fight the points associated with the moving violation. These are points that interest insurance service providers. If you wish to reduce the cost of your car insurance, you must keep all these points away from the license.
Secondly, the city has high traffic citation figures. Las Vegas Patrol Police are busy most of the time. They have issued more than 81,000 traffic citations in 2014 and 135,000 citations in 2013. Numbers have decreased, but they are higher than many other cities in the United States. Meanwhile, the Las Vegas Traffic Bureau has issued around 136,000 citations in 2014 and 153,000 citations in 2013. These numbers prove the reason behind high car insurance rates in the city.
Thirdly, the place suffers many DUI cases. Well, it can be very difficult to avoid DUI cases in Sin City. However, the numbers must be controlled to reduce cheap car insurance rates
. In 2014, the Police department at Las Vegas reported around 4600 DUI charges. And, in 2013, the city experienced 5834 DUI charges. Statistics believe that these charges are likely to increase in the coming years. And, DUI charges have a direct impact on car insurance premiums and rates. There are special types of insurance policies for people with DUI charges. After any DUI charge, you should get hold of a SR-22 form. There are plenty of local agents and service providers with DUI insurances. These insurance policies can save you from hefty fines and repair costs.
Car Accident Fatalities
As mentioned previously, Las Vegas is known for its high accident rates. The number of fatalities in the city are quite high. Luckily, the city has been improving in many ways. For example, there were 114 car accident fatalities in 2013. On the other hand, only 95 traffic fatalities were recorded in 2014. The numbers have decreased, yet they are more than the national average. With more car accident rates, insurance policies in Las Vegas are bound to be expensive. You should be prepared to pay those extra dollars. Experts believe that you can cut down the “final” rate by following traffic rules and maintaining a healthy driving record.
Vehicle Theft Rate
The talk about car insurance and premiums will remain incomplete without vehicle theft rates. Unsurprisingly, Las Vegas has very high vehicle theft rates too. In 2014, the city reported 7100+ vehicle thefts. This computes to an average of 477.8 vehicle thefts for every 100,000 residents. This is double the country’s vehicle theft rate. The current vehicle theft rate of America is 216.c cars per 100,000.
Legal Minimum Coverage
In Las Vegas, you should follow the 15/30/10 legal minimum coverage rule. That means, your policy should have the following:
- Total individual bodily injury liability should be around 15,000 USD. This will be the maximum amount the car insurance company provides to a person injured in accidents.
- The total bodily injury liability should be around 30,000 USD. This is the maximum amount your car insurance provider would provide for every person injured in the accident.
- The property damage liability will be around 10,000 USD. This is the maximum amount paid by the car insurance provider against vehicle damages.
Conclusion/Save with us/Helpful tips
On the whole, you should consider many factors before buying a car insurance policy. Discounts and deals will help you reduce your insurance rates. Some lucky drivers are able to get auto insurance discounts in the city. Here are few ways to reduce your insurance rates:
- Install car alarm systems or anti-theft devices.
- If you are a retired or active member of the national guard, military or reserves.
- If you take comprehensive coverage (full) from your policy.
- If you have a good credit score.
- If you have a positive driving record.
- If you are more than 55 years of age, you will receive the retired or senior discount.
- If you own an expensive, new car with advanced safety features.