Nevada Car Insurance Coverage

The Silver State has one of the highest automobile insurance rates in the country and it is the case whether you want to buy a liability only or full coverage policy. It has one of the lowest Automobile ownership rates per capita in America. There is only half a car owned per person. Number of Uninsured Drivers at 10% is lower than the country average.

Weather conditions here are harsher for drivers than most other states. Mountains can get a large volume of snow every year. However it is one of the driest states in America. This may cause dust storms. A full coverage policy can protect your car if it is damaged by a storm or you have an accident due to bad weather.

Images from Nevada

Nevada Vehicle Insurance Requirements

Basic Liability limits enforced by the authorities here are;

  • $15,000 for bodily injury or death per person.
  • $30,000 total for bodily injury or death per accident.
  • $10,000 for property damage.

Insurance fraud is a felony in Nevada with tough jail sentences and fines. For example, showing a different address than your actual residence can be considered an attempt to gain financial advantage by lying and therefore a fraud.

A vehicle insurance policy you bought in Nevada doesn’t automatically cover you for travels to Mexico. So, if you are planning on travelling down, you will need to check with your insurer and buy additional coverage if you need to. It covers your travels to other states in the US without needing to buy any additional coverage.

Vehicle Insurance Prices in Nevada

Looking at average costs can help motorists see if they pay through the nose or a fair amount. It can also reveal the market conditions, buying habits of policyholders and overall driving and vehicle ownership related risks.

The average state required minimum coverage costs $973, which is $351 higher than the national average. The average full coverage auto insurance is $2,779 in Nevada and it is $765 higher than the national average. Those are very high numbers indeed. You can buy a full coverage policy in several states with the money you spend only for the minimum coverage here.

When you face high premiums, you may need to look at bundling options if you own your home. This way you can reduce premiums on both policies and save some money overall. There are usually bundling opportunities for renters as well but the discounts aren’t as large.

The Best Priced Car Insurance Companies in Nevada

This is one of the states where shopping around can reduce your premium considerably. Here are the cheapest companies to get you started with your search for the best value policy. It is a good sign that they are pretty close to each other in terms of liability only quotes.

  1. Allied, $795
  2. Oregon Mutual, $826
  3. GEICO, $830

Prices are all over the place and the difference can be as much as $1,000 between the cheapest cities of Dayton, Winnemucca, Elko, Battle Mountain and Spring Creek and the most expensive cities of Las Vegas, Whitney, Paradise, Sunrise Manor and Winchester. Average premiums in the five most expensive cities are much higher than the rest of the state and that pushes up the average quite a bit. This tells us that the actual gap is probably even bigger considering more than 80% of the population live in those 5 places and surrounding areas.

Automobile Insurance in Las Vegas

It is the largest city with a population of over 600,000 people. Sin City has one of the highest rates, which are about 40% higher than the average. The above names are the lowest priced companies in Las Vegas as well and they can offer you about 40% lower quotes than rivals. As you can see, there is plenty of hope for you to find cheap car insurance in whichever city you live in as long as you know where to look. That is why you should never surrender to excessive rates before looking up and down the Net for better deals.