Cheapest Non-Owner Car Insurance In Nevada 2024

In Nevada, State Farm offers non-owner car insurance at the lowest price, averaging $478 per year. These policies ensure liability protection for those who drive but don’t own a vehicle.

Does Nevada Allow Non-Owner Car Insurance?

Nevada supports non-owner car insurance policies for individuals who occasionally drive. These policies include liability protection for bodily injuries and property damage, satisfying state laws.

Cheapest Overall Non-Owner Car Insurance In Nevada

For non-owner car insurance in Nevada, State Farm is the most cost-effective option, with an average rate of $478 per year.

Cheapest Non-Owner Car Insurance With A Clean Driving Record

Drivers with a clean record can secure the cheapest non-owner car insurance in Nevada through State Farm, at an average cost of $478 per year.

Cheapest Non-Owner SR-22 Car Insurance In Nevada

With an average yearly rate of $541, State Farm is the most affordable non-owner SR-22 insurance option in Nevada.

What Is Non-Owner Car Insurance?

Non-owner car insurance gives liability coverage to people who drive occasionally but don’t own a vehicle. It covers costs for bodily harm or property damage you may cause while driving. This type of insurance is ideal for frequent renters or those who borrow vehicles. It doesn’t include coverage for your injuries or damage to the car.

Nevada Minimum Auto Insurance Requirements

Nevada’s minimum car insurance requirements include bodily injury coverage of $25,000 per person and $50,000 per accident, along with $20,000 for property damage. In addition, personal injury protection (PIP) is optional for medical and lost wages, regardless of fault. The state also mandates uninsured motorist coverage of $25,000 per person and $50,000 per accident.

What Is SR-22 Insurance?

The SR-22 is a certificate of financial responsibility, not an insurance policy, for high-risk drivers. It confirms that the driver has the state-mandated minimum liability insurance. Drivers often need an SR-22 after offenses like DUIs or reckless driving, and the insurance company files it with the state.

While the SR-22 isn’t insurance, it can raise insurance premiums because the driver is considered higher risk. This requirement generally lasts for a few years, usually about three.

Average Cost Of Non-Owner Car Insurance In Nevada

For those in Nevada who regularly rent or borrow vehicles, knowing the average cost of non-owner car insurance is important. This coverage provides liability protection without the full cost of a traditional insurance policy, making it a practical solution. Below is a comparison of the typical annual and monthly rates from different insurers to help you make an informed decision.

Average Cost Of Non-Owner Car Insurance In Nevada – By Age

The cost of non-owner car insurance in Nevada is largely determined by the driver’s age. Younger drivers often face higher premiums because insurance companies view them as higher risk due to their lack of experience. On the other hand, older drivers usually enjoy lower premiums because they are considered less likely to be involved in accidents.

For example, a 20-year-old may pay about $636 annually, while a 50-year-old could pay $334 or less. Below is a chart that shows how rates change with age.

Average Cost Of Non Owner Car Insurance In Nevada Cities

In Nevada, where you live can significantly affect the cost of non-owner car insurance. Insurance companies evaluate factors like traffic density, crime levels, and regional regulations to set premiums.

Urban areas such as Las Vegas often have higher rates due to the increased risks of traffic and crime, while smaller towns generally offer more affordable options. Below is a comparison of the average non-owner car insurance rates for five cities in Nevada.

Average Rates Vs Traditional Car Insurance

Knowing the distinction between non-owner and traditional car insurance is important for making the right financial choices. Non-owner car insurance is designed for individuals who don’t own a vehicle but need coverage when they drive. It mainly covers liability, protecting others from bodily injury and property damage, making it a cheaper option than traditional car insurance.

Traditional car insurance, however, includes more extensive coverage, like comprehensive and collision, which protects the vehicle itself, leading to higher premiums. Below is a comparison of rates from five different insurance companies.

Should You Get Non-Owner Car Insurance In Nevada?

Non-owner car insurance is ideal for people who don’t own a vehicle but still need liability coverage. Here’s a breakdown of individuals who can benefit from this type of policy:

• Renters: Renting cars often? Non-owner car insurance is a great way to get better coverage than what rental companies offer. It ensures you’re always covered with comprehensive liability protection at a lower cost.
• Car Borrowers: If you occasionally borrow someone else’s car, this insurance helps cover you for liability if you cause an accident while driving. It’s an extra layer of protection beyond the car owner’s insurance.
• License Reinstatement: If you’re getting your license reinstated after a suspension or revocation due to issues like DUIs, you may be required to file an SR-22 along with a non-owner car insurance policy to prove financial responsibility.
• Infrequent Drivers: If you don’t drive often but want to keep insurance coverage active to avoid gaps, non-owner car insurance is a good solution. It helps maintain your driving record and prevents higher rates down the road.
• Drivers Between Cars: When you’re without a car temporarily, but still need liability insurance, non-owner insurance ensures you’re protected and maintain a good insurance history.

Average Non-Owner Car Insurance Rates vs Other US States