Average car insurance cost in Reno, NV

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The average car insurance cost in Reno, Nevada is $1,960 per year, according to Insure.com data analysis. Also, the car insurance rates in Reno is $100 less than the average rates in Nevada and $65 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Reno, the average car insurance rates categorized by age and gender, and the cost of car insurance in Reno based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Reno. Read on to learn more.

Cheap car insurance companies in Reno

At an average of $1,258 per year with full coverage limits of 100/300/100, State Farm provides the most affordable car insurance in Reno.

Ranked as the second most affordable company in Reno, Geico provides car insurance at $1,565 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Reno that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Reno, Nevada:

Read about the best car insurance companies.

Average car insurance cost in Reno by coverage limits

In Reno, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $601 per year (limits are 25/50/25)
• Liability only coverage: $925 per year (limits are 50/100/50)
• Full coverage: $1,960 per year (limits are 100/300/100)
• Non-owners coverage: $374 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Reno

The average car insurance rate for a female driver in Reno, Nevada, is $2,016 per year.

While the rate for a male driver is $1,903 per year, which is $113 less than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Reno

Car insurance rates in Reno, are highest for teens at $8,001 per year or $667 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,285 annually for their car insurance, which is $4,716 less than what teens pay for their insurance coverage.

In Reno, adult drivers pay an average of $1,959 per year for car insurance, while senior drivers pay $2,088 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Reno

If we look at the car insurance rates trends in Reno, Nevada, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 13%, or $219.

The table below shows the trend for last four years:

Conclusion

In conclusion, Reno’s car insurance rates are lower than the average insurance rates in Nevada. Drivers in Reno can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.