Nevada Car Insurance
Nevada is a great state to live in. It offers an irresistible blend of neon invention with frontier tradition. While this is true, if you plan to drive in Nevada, having insurance isn't just a good idea, it's the law. Get to know more about Nevada car insurance here. After all, knowing what's required and what's recommended can help you get the right coverage for the right price.
Car Insurance Requirements in Nevada
If you drive in the state of Nevada, you are required to maintain liability insurance with the minimum listings found here:
- $20,000 in property damage liability coverage for each accident
- $50,000 in bodily injury liability coverage for each accident
- $25,000 in bodily injury liability coverage for each person
In many cases, you will see the benefits written as "20/50/25." You have the option to get more coverage; however, it's considered illegal to drive without the minimum coverage listed above.
Optional Insurance Coverage Options
Nevada is a state well-known for excess (always tasteful, of course). This is true for pretty much everything - including car insurance. This is why you have the option to supplement your basic liability coverage in the state. This can be extremely beneficial and protect you financially.
Some of the optional coverage you can purchase include:
- Comprehensive coverage (if you are still paying on your vehicle, or leasing it, this may be required)
- Towing and labor
- Collision coverage
- Funeral services or medical services payments
- Uninsured or underinsured motorist bodily injury (it's estimated that 12.2 percent of the drivers on the road in Nevada are uninsured so this makes a good investment)
- Auto loan/lease (also called "gap coverage")
- Customized parts and equipment
- Rental coverage
Each of these types of insurance supplement the original policy you purchase, adding extra coverage in the event of accident, whether it's your fault or not.
Special Factors to Consider
Driving in any state, and any country, comes with inherent risks. However, there are some factors in the state of Nevada that make certain situations riskier over others.
For example, if you drive one of the type of three cars that are most often stolen in this state, you may want to invest in additional coverage. The top three vehicles at risk include the 1996 Honda Accord, the 1995 Honda Civic, and the 1996 Chevrolet Pickup. However, other vehicles are also at risk.
Nevada Insurance Premiums vs. Other States & Potential Discounts
When it comes to car insurance rates in the U.S., the cost for drivers in the state of Nevada is slightly over the national average of $1,365. Currently, the average cost (per year) for insurance coverage is $1,485. Compared to other states, it is the 14th most expensive, but considering Michigan's average is $2,239, most Nevada drivers will take it. When it comes to the lowest car insurance premium in the U.S., Vermont takes the cake, at just $932.
Do you want to save a bit on what you pay for car insurance in Nevada? If so, there are several possible discounts to look into. Some of the most popular include:
- Employer discounts
- Safe driving discounts
- Student discounts
- Bundled policy discounts
Specific insurers may also provide additional discounts, so it is a good idea to ask about these when purchasing a policy. Such discounts can apply to bundling your policies under one insurance company for lower premium rewards.
Drivers' Rights and Responsibilities in Nevada
Nevada is a unique state in many ways. While gambling may be a way of life around here, you don't ever want to gamble when it comes to providing proof that you are insured. In this state, the law allows you to use electronic ID cards as proof of insurance. You can show this to an officer that has pulled you over as proof that you have car insurance.
In addition to being required to provide proof of insurance, there's another requirement that drivers need to know about. The LIVE verification in Nevada. This program checks with a driver's actual insurance provider to ensure their policy is still valid.
What Determines Your Premium?
There are several factors that may impact what your premium is for your car insurance policy. These factors include:
- Your past driving record and any claims history
- Limits, coverages, and discounts
- The location where you park your vehicle
- Your credit-based insurance score
- Your age and the number of years you have had a license
- The year, make, and model of your vehicle
- Insurance history, which includes any lapses
- Gender and marital status
Keep in mind, if you are involved in an accident, make a claim, or even receive a ticket, your premium may go up. As a result, you need to try and maintain a clean driving record, as this is going to help reduce your insurance costs in Nevada.
Getting a Car Insurance Quote in Nevada
If you are ready to buy a policy in Nevada now that you know all the facts, it's a good idea to do some car insurance comparison shopping. This will help you find the best coverage and the best rate for your particular needs. Be sure to keep the information here in mind as you compare car insurance quotes to make sure your coverage is within the legal limits.