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The average car insurance cost in Sparks, Nevada is $1,958 per year, according to Insure.com data analysis. Also, the car insurance rates in Sparks is $102 less than the average rates in Nevada and $63 more than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$1,958$2,060$1,895

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 Sparks, the average car insurance rates categorized by age and gender, and the cost of car insurance in Sparks 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 Sparks. Read on to learn more.

Key Takeaways

  • Car insurance costs $1,958 per year, on average, in Sparks.
  • State Farm offers the cheapest car insurance in Sparks, at an average of $1,239 per year.
  • Young adults pay $3,291 per year for car insurance in Sparks.

Cheap car insurance companies in Sparks

State Farm offers the cheapest car insurance in Sparks, at an average of $1,239 per year with full coverage limits of 100/300/100.

The second cheapest company in Sparks is Geico, offering car insurance rates at $1,556 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Sparks before deciding on the policy that matches your requirements.

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

Affordable car insurance providers in Sparks

Graph
Table
Company NameAverage annual costAverage monthly cost
State Farm$1,239$103
Geico$1,556$130
Mercury Insurance$1,861$155
American Family$1,932$161
Travelers$2,027$169
Progressive$2,293$191
Allstate$2,512$209
Farmers$2,667$222
USAA$1,537$128

Read about the best car insurance companies.

Average car insurance cost in Sparks by coverage limits

In Sparks, the average car insurance rates the coverage levels are as follows:

  • State minimum coverage: $604 per year (limits are 25/50/25)
  • Liability only coverage: $942 per year (limits are 50/100/50)
  • Full coverage: $1,958 per year (limits are 100/300/100)
  • Non-owners coverage: $387 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Sparks

Based on an analysis by Insure.com, female drivers in Sparks, Nevada pay an average annual car insurance premium of $2,016. In comparison, male drivers pay $1,901 annually, which is $115 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Sparks

In Sparks, teenagers have the highest car insurance rates, at $8,046 per year or $670 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $3,291 annually for car insurance, which is $4,755 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Sparks have car insurance rates of $1,957 and $2,066 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rates by age groups in Sparks

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$8,046$3,291$1,957$2,066

If we look at the car insurance rates trends in Sparks, Nevada, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 14%, or $246.

The table below shows the trend for last four years:

How car insurance rates are changing in Sparks

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$1,395$2,064$1,712$1,958

Conclusion

Car insurance rates in Sparks are lower than the average rates in Nevada. Drivers in Sparks can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

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.

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Prachi Singh
Contributing Researcher

 
  

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.

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