As of January 2014, Nevada is the 16th least expensive auto insurance state in the United States. With an annual average insurance rate of $1341, Nevada’s rates are below the national average rate by $155. The average insurance rate in Reno is $1100, while it is $1869 in Las Vegas.
Insurance rates start at $961 in Nevada and go up to $ 2097. There is a marked difference in the insurance rates in Reno and Las Vegas. The Chevrolet Silverado, for example, has an average annual insurance rate of $961 in Reno, but $1633 in Las Vegas.
The Toyota Corolla costs an average annual insurance rate of $1014 in Reno, while in Las Vegas you would have to spend $1724 per year to insure it. The Ford F-Series too, has much lower insurance costs in Reno. In Reno, it costs an average of $1015 to insure the Ford F-Series, while it costs around $1725 in Las Vegas. The Honda Civic has an average insurance rate of $1026 in Reno, and $1744 in Las Vegas. The Honda Accord, too, is cheaper to insure in Reno by $767. It has an average annual insurance rate of $1095 in Reno, and $1862 in Las Vegas.
To insure the Nissan Altima in Reno, you would have to spend an average of $1134, and to insure it in Las Vegas you would have to spend $1927. The Honda CR-V, too, costs only $1159 to insure in Reno, and $1970 in Las Vegas. The Toyota Camry costs $1234 in Reno and $2096 in Las Vegas to insure.
The Honda Civic and Toyota Corolla, however, have much lower purchase costs in Las Vegas. You can buy a used Honda Civic in Las Vegas for a median price of $13,991, while the median price of the Honda Civic is $18,746 in Reno. The Toyota Corolla, too, has a lower median price in Las Vegas.