In the market for auto insurance but not sure how much it will cost you? If you’re a college student in Las Vegas, you’re in luck. We’ve gathered data on auto insurance rates for college students in Las Vegas so you can budget accordingly.
Auto insurance is a necessary expense to protect you and other drivers.
In Las Vegas, the minimum insurance coverage is $15,000 for injury or death of one person, $30,000 for injury or death of two or more people, and $10,000 for property damage. Shop around and compare rates to find the best deal for you. If you’re financing your car, your lender may require you to carry even higher coverage.
Auto insurance for college students is sometimes frustrating because you’re not considered an irresponsible teen anymore, but you’re also not an adult over 25. The good news is that you can do a few things to lower your rates.
Keep reading to see how much you can expect to pay for auto insurance as a college student in Sin City.
Auto Insurance Quotes for College Students in Las Vegas
According to our data, the average auto insurance quote for college students in Las Vegas is $3,427 per year. However, this number can vary widely depending on several factors, including the make and model of your car, your driving history, and the type of coverage you need.
For example, if you own a high-end sports car or SUV, you can expect to pay significantly more than the average rate we quote. On the other hand, if you have a clean driving record with no accidents or traffic violations, you may be eligible for discounts that could lower your premium.
The best way to determine how much your auto insurance will cost is to get a quote from a few different insurers. Most companies will give you a free quote with no obligation to purchase, so it’s easy to compare rates and find the best deal. Remember that the cheapest option isn’t always the best; make sure you understand what each policy covers before making your final decision.
Ways to Reduce Your Insurance Costs
Insurance is a necessary evil for drivers, but it’s not as bad as it seems when you consider how much protection from financial ruin, medical cost coverage, and protection from legal ramifications you get from the insurance premium.
Here are a few ways to keep your insurance costs down:
- Shop around and compare rates from different insurers before you purchase a policy.
- Ask about discounts and see if you qualify for any. Many insurers offer discounts for good students, drivers with clean records, military service, membership in auto clubs (like AAA), and more.
- Raise your deductible. This will lower your premium, but make sure you can afford to pay the higher deductible in the event of an accident.
- Bundle your auto insurance with other types, such as homeowners or renters insurance. This can give you a discount from the insurer.
- Consider dropping collision or comprehensive coverage if your car is older and not worth much. This will lower your premium, but remember that you will be responsible for the total cost of repairs if you have an accident.
- Work on reducing your debt and raising your credit score. While it may seem unrelated, your insurance rates are loosely based on your credit scores.
- Maintain good grades. Many insurers offer discounts for students who get good grades, and Las Vegas Auto Insurance offers a 10% discount for students with a GPA of 3.0 or higher.
- Join your parents’ policy. If your parents have good driving records and auto insurance rates, you may be able to join their policy and get a discount.
- Live at home or in a dorm. If you live at home or in a dorm, you may qualify for a discount on your premium.
- Drive fewer miles. The less you drive, the lower your risk of having an accident, and the lower your premium will be.
- Take a defensive driving course. Many insurers offer discounts for drivers who take defensive driving courses. Check with your insurer to see if they offer a discount and how to qualify.
Auto Insurance Doesn’t Have to be a Budget-Buster.
By shopping around and taking advantage of discounts, you can find a policy that fits your needs and budget. Being a college student and paying tuition can get expensive, so there’s no reason your insurance should break your already tight budget.
Shopping for auto insurance can be daunting, but it doesn’t have to be. By researching and shopping around, you can find a policy that fits your needs and your budget. For more tips on finding affordable auto insurance, check out our blog post. And if you’re still unsure where to start, our team of insurance experts would be happy to help; contact us today for a free consultation.