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5 Cheapest Car Insurance in Reno, Nevada for 2022

The best way to get around Reno, Nevada is by car. If you’re driving in Reno, you’ll need at least the state minimum of car insurance required by law. If you are looking for cheap car insurance in Reno, you have come to the right place. BravoPolicy has analyzed millions of car insurance rates in Reno to find the cheapest car insurance companies for a variety of drivers: of different age groups and with different driving records.

Cheapest car insurance companies in Reno, Nevada 

For the analysis of the cheapest car insurance companies in Reno, Nevada, we get public rate filings of the companies making up the majority of car insurance market share in the city for a full coverage car insurance policy of 50/100/50, which also includes comprehensive and collision coverages.

State Farm has the cheapest car insurance rate in Reno, Nevada with the average cost of $76 per month, or $907 per year. Geico offers the second cheapest rate at $101 per month. Below are the 5 cheapest car insurance companies in Reno, Nevada and their average rates. 

Companies  Average monthly premiums  Average annual premiums 
State Farm $76 $907
Geico $101 $1,210
Travelers $127 $1,529
Progressive $150 $1,806
Farmers $168 $2,013

You should keep in mind that car insurance rates are determined individually taking several personal factors into consideration, so these may not be your cheapest rate. It is always important to shop around with a few companies to find the cheapest rate for you.

Average car insurance cost in Reno, Nevada 

The average car insurance cost for different coverage limits in Reno, Nevada are as follows:

Coverage limits  Average monthly premiums  Average annual premiums 
Minimum coverage $62 $738
50/100/50 $117 $1,404
100/300/100 $126 $1,512

We should note that the average cost of car insurance with 100/300/100 coverage limits in Nevada is about $139 a month.

Average cost of car insurance in Reno’s top zip codes

Below are the average car insurance costs in top zip codes in Reno, Nevada. 

Zip code Average monthly rate
89001 $58
89014 $139
89016 $310
89044 $175
89052 $125
89074 $145
89104 $420
89012 $125
89015 $120
89403 $111

Cheapest car insurance for minimum coverage in Reno, NV

The cheapest average policy quote for minimum coverage in Reno is about $470 a year, from State Farm. Here are the 5 cheapest car insurance companies for minimum coverage in Reno, NV.

Minimum coverage required in Reno NV are as follows:

  • $25,000 for bodily injury or death of one person in any one accident
  • $50,000 for bodily injury or death of two or more persons in any one accident
  • $20,000 for injury to or destruction of property of others in any one accident.
Companies Average monthly premiums Average annual premiums
State Farm $39 $470
Progressive $55 $662
Geico $55 $662
Travelers $65 $778
Allstate $91 $1,094

Cheapest car insurance for full coverage in Reno, NV

Geico offers the cheapest rate on full coverage car insurance, with a quote of $882 a year, but depending on your circumstances, State Farm also has competitive rates, at about $1,008 a year, which is still cheaper than the average. 

Below are full coverage limits we used to analyzed the rates below: 

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.
Companies Average monthly premiums Average annual premiums
Geico $74 $882
State Farm $84 $1,008
Progressive $95 $1,134
Allstate $133 $1,593
Travelers $143 $1,710

Cheapest car insurance for drivers with a DUI in Reno, NV

Having a DUI on your record can raise your premiums by about $1,085 a year. If you have a DUI on your record, try State Farm: they have average quotes of about $2,160 a year for those with a DUI. Progressive is the second cheapest, at about $2,196 a year. 

Companies Average monthly premiums Average annual premiums
State Farm $180 $2,160
Progressive $183 $2,196
Geico $301 $3,609
Allstate $257 $3,087
Farmers $355 $4,257

Cheapest car insurance for drivers with an at-fault accident in Reno, NV

Progressive and State Farm are both worth a look if you’ve been in one at-fault accident in Reno, NV. Progressive can offer you a policy for about $1,244 and State Farm rates are about $1,331 a year. 

Companies Average monthly premiums Average annual premiums
Progressive $104 $1,244
State Farm $111 $1,331
Country Financial $103 $1,236
Geico $140 $1,685
Allstate $192 $2,307

Cheapest car insurance for drivers with a speeding ticket in Reno, NV

Country Financial can offer you car insurance after a speeding ticket that’s about 50% cheaper than the average rate. Country Financial is about $111 a month or $1,331 a year. Progressive is about $$119 a month, or $1,426 a year—almost $1,000 more. 

Companies Average monthly premiums Average annual premiums
Country Financial $111 $1,331
Progressive $119 $1,426
Geico $128 $1,538
State Farm $134 $1,607
Farmers $146 $1,754

Cheapest car insurance for drivers with bad credit in Reno, NV

While some states have moved to prohibit insurance companies from using your credit score to set your car insurance rates, Nevada is not one of them. Drivers with poor credit might want to look at either Country Financial (with an average rate of $112 a month) or Geico with an average rate of $107 a month.

Companies Average monthly premiums Average annual premiums
Geico $107 $1,288
Country Financial $112 $1,340
Progressive $120 $1,445
Nationwide $126 $1,507
State Farm $134 $1,612

Cheapest car insurance for 20 years old with good driving record in Reno, NV 

The cheapest rate we could find for a 20-year-old driver in Reno, NV was Country Financial insurance at $109.

Companies Average monthly premiums Average annual premiums
Country Financial $109 $1,305
Progressive $143 $1,710
Nationwide $146 $1,746
Geico $155 $1,854
Travelers $159 $1,908

Cheapest car insurance for 30 years old with good driving record in Reno, NV

The cheapest rate we could find for a 30-year-old in Reno, NV was from Geico at $80 a month.

Companies Average monthly premiums Average annual premiums
Geico $80 $964
State Farm $86 $1,034
Progressive $92 $1,104
Travelers $97 $1,165
Allstate $104 $1,244

Cheapest car insurance for 40 years old with good driving record in Reno, NV 

Geico was also cheapest for 40-year-olds in Reno, at $60 a month. 

Companies Average monthly premiums Average annual premiums
Geico $60 $720
Allstate $87 $1,049
Nationwide $93 $1,122
Progressive $97 $1,167
State Farm $108 $1,295

Cheapest car insurance for 50 years old with good driving record in Reno, NV 

One of the great things about turning 50 is that your car insurance rates go down. The best rate we could find for a 50-year-old was also from Geico, and the average rate is $55 a month.

Companies Average monthly premiums Average annual premiums
Geico $55 $666
Country Financial $85 $1,021
State Farm $88 $1,058
Progressive $91 $1,094
Farmers $108 $1,295

Cheapest car insurance for 60 years old with good driving record in Reno, NV 

If you’re in your 60s, you should consider either Geico or Country Financial. Geico can get you a rate of $58 while Country Financial can offer you a quote of $66 a month. 

Companies Average monthly premiums Average annual premiums
Geico $58 $693
Country Financial $66 $796
Nationwide $80 $955
Progressive $90 $1,086
State Farm $110 $1,320

What factors impact car insurance cost in Reno, NV?

You may be surprised if you call one of these companies and get a dramatically different quote than is listed here. The reason for that is that car insurance rates vary by a number of factors:

  • Age
  • Driving history: one speeding ticket can increase your rates by 24%!
  • Zip code: some zip codes have higher property crime than others
  • Car make and model: some cars are likely to be stolen, and that hot-rod you’ve been eyeing will definitely cost more to insure than an average, run-of-the-mill sedan with good safety features
  • Mileage: the more you drive, the higher your rates. Insurance companies see it as the more time you spend on the road, the more likely it is that you’ll be in an accident
  • Credit history: only California, Massachusetts and Hawaii have dismissed credit history as a factor in car insurance
  • Marital status: married people pay less because statistically, they are in 50% fewer accidents than their single counterparts. 
  • Gender: men pay about 6% less, unless you’re a teenage male, in which case you pay about 14% more than a teenage girl
  • Homeownership: If you are a homeowner, carriers seem to offer you a better rate than renters. 
  • And many more other factors. Each carrier has their own set of factors that they consider in their proprietary underwriting models to provide you with a rate. 

Some of these things you can control, and others you can’t do anything about. 

How to find cheap car insurance in Reno, NV? 

The good news is that there are ways to save money on your car insurance, including:

  • Bundle one or more policies, such as your home and auto insurance with the same company. Usually, you can get a 5% o 10% discount, and maybe as much as a 20% discount.
  • If you’re over 55, ask AARP about special rates
  • If you’re a student, you can qualify for the good student discount with a B average or better and save 10%
  • Work to improve your credit score. People with better credit pay less for car insurance. 
  • Ask about pay in full, ETF, auto pay and other discounts. 
  • Drive safely!

Reno, Nevada SR-22

An SR-22 is a legal document you need to get if you have a violation like a DUI or multiple traffic violations on your record. You can also be required to have an SR-22 if you get caught driving without insurance or with a suspended license. An SR-22 is not insurance, it’s a form your insurance company files with the state of Nevada to ensure you remain insured. 

If you are not insured already and need an SR-22, you might have to pay a fee and you’ll pay higher rates because of your high-risk driving. Some carriers won’t insure you at all, but some will offer you a policy—at an inflated rate, of course. 

If you already have insurance, you’ll contact your insurance company to request that they file an SR-22 for you. They might refuse to cover you, but you can obtain new insurance. 

What are the minimum car insurance coverage requirements in Reno, Nevada? 

You’ll need the minimum car insurance coverage to operate a car in Reno, Arizon:

  • $25,000 for bodily injury or death of one person in any one accident
  • $50,000 for bodily injury or death of two or more persons in any one accident
  • $20,000 for injury to or destruction of property of others in any one accident.

What is car insurance full coverage in Reno, NV? 

Full coverage car insurance means that you have collision and comprehensive insurance added on to your policy. If you have a loan, the lender will require this coverage. 

Below are the coverages we used to analyze car insurance cost for full coverage in Reno, NV: 

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.

What does car insurance cover? 

Nevada requires Personal Injury Protection (PIP) and Property Damage Liability (PDL). You need a minimum of $10,000 each to register a car in Nevada. 

However, these limits are the bare minimum. One visit to an emergency department could cost you over $10,000, so higher limits are a good idea. You’ll also want to consider:

Bodily injury liability: Covers medical expenses of another driver or pedestrian when you’re in an at-fault accident. It’s not required in Nevada but going without it can leave you vulnerable to costly lawsuits. 

Property damage liability: Damage to another person’s property. This could be their car, the contents of their car, their fence, their home, or whatever else you manage to hit. At least $10,000 in PDL is required in Nevada, but that amount won’t go very far. 

Uninsured motorist: covers your medical expenses if you’re in an accident with an uninsured driver. 

Underinsured motorist: covers your medical expenses if you’re in an accident with someone who doesn’t have enough liability insurance to cover your medical bills. 

Collision: covers the costs of repairing your own vehicle if you’re in an accident. 

Comprehensive: covers damage to your vehicle due to vandalism, theft, or weather. If you have a loan or a lease, your lender will require both of these coverages. 

Our methodology 

For all profiles in the analysis, BravoPolicy analysts included 5-15 largest insurance companies in each city and state. Wherever available, we included rates from smaller companies as well. 

For each city and each driver profile, we included rates for the selected 10-20 zip codes in the city and averaged for the carrier’s rate in the city of the analysis. 

For the cheapest company overall, the cheapest company for minimum coverage, and the cheapest company for full coverage, we analyzed rates for 30-year-old drivers with good credit. 

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $500 deductible.
  • Comprehensive coverage with a $500 deductible.

We used a 2020 Toyota Camry L for all drivers and assumed 10,000 annual miles driven.

We analyzed rates for drivers 20 to 60 years old in ten-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we used the minimum required coverage by law in the state.
  • For drivers with one at-fault crash, we included rates for drivers with one at-fault crash that happened in the past six months.
  • For drivers with a DUI, we included rates for drivers that had a drunken driving violation that happened in the past 6 months 

These are the average rates based on the rates filling of the insurance companies. Your rates will be different. 

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