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. Number of Uninsured Drivers at 10.4% 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. Adding Collision and Comprehensive coverage to your vehicle insurance 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;

  • $25,000 for bodily injury or death per person.
  • $50,000 for bodily injury or death per accident.
  • $20,000 for property damage.

In Nevada, insurance companies must electronically validate liability insurance policies. The DMV sends a verification request if coverage can’t be confirmed, requiring a response within 15 days. If coverage is verified, the process ends; otherwise, a certified letter leads to vehicle registration suspension in 10 days. Actual coverage lapses result in registration suspension, accompanied by fees and penalties.

Vehicle Insurance Prices in Nevada

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. You can buy a full coverage policy in several states with the money you spend only for the minimum coverage in NV.

The Best Priced Car Insurance Companies in Nevada

This is one of the states where shopping around can save you a few hundred dollars as even a 5% discount can mean a lot of money when your premium is high. It is always a good idea to get a few quotes and compare your options and this is one of the sure ways of making sure you pay a fair premium. Here are the cheapest automobile insurers in NV to get you started with your search for the best value policy.

  1. State Farm
  2. Country Financial
  3. Geico
  4. Progressive
  5. Travelers

In this state, vehicle insurance rates can vary significantly on either side of the state average. The difference in premiums can exceed $1,000 annually between the least expensive cities like Dayton, Winnemucca, Elko, Battle Mountain, and Spring Creek, and the most expensive cities such as 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, 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 28% higher than the average. The above names are the lowest priced companies in Las Vegas as well and they can offer you lower quotes than rivals. That is why you should not be quick to accept excessive rates before getting multiple car insurance quotes and comparing them.

Notable Nevada Car Insurance and Driving Facts

  1. Nevada is one of the most expensive states in the country to own an automobile.
  2. In Nevada, you need to show proof of insurance for vehicle registration, whether on a physical card or a mobile device. This is essential for initial registration, renewals, reinstatements, and license plate changes. You must carry this proof at all times and show it to law enforcement if requested.
  3. For Nevada drivers, a speeding ticket leads to a 21% rise in car insurance rates, an at-fault accident results in a 45% increase, and having a DUI on your driving record causes a 49% surge, as reported by Forbes.
  4. In Nevada, engaging in insurance fraud is considered a felony, punishable by a potential four-year prison sentence and a fine of up to $5,000. Alongside these penalties, the offender might be required to pay restitution to the victim.
  5. In this state, police officers do not respond to every traffic accident. Their presence is typically reserved for cases involving serious injuries.
  6. Reckless driving in Nevada involves operating a vehicle with willful disregard for safety, potentially leading to serious legal consequences. A conviction can result in imprisonment, especially if injuries or fatalities occur. In certain instances, reckless driving cases might result in punitive damages if they proceed to trial.
  7. Dropping liability insurance for any vehicle and any reason requires canceling registration and surrendering license plates. When selling a vehicle, license plates must be removed before canceling Nevada registration, as they do not remain on the vehicle.

If you recently moved to NV, you should familiarize yourself with the rules and laws of this state and shop around to find the best deal automobile insurance. Otherwise, you may end up paying far too much for your policy as premiums aren’t cheap here.