Finding the best Nevada car insurance policy can be difficult. It can be made somewhat easier with an instant auto insurance quote. Yet, there are still many considerations that must go into your purchase.
First you need to know the requirements for your insurance policy. Second you need to know about the insurance laws in Nevada. Third, you need to know what companies operate here. Fourth what are the average rates? Fifth and finally you need to know where and from whom to get a Nevada insurance quote.
The good news is that the answers to all this points can be found below.
Minimum Auto Insurance Requirements In Nevada
Nevada requires all drivers in the state to demonstrate financial responsibility when operating their car or other motorized vehicle. In almost all cases this means buying at least liability insurance. There are two rare exceptions and they are disused at the bottom of this section.
Assuming you fall within the range of 99% of drivers in the state, you’ll need to buy at least the following amounts of liability coverage (known as 15/30/10):
- $15,000 for bodily injury or death of one person in any one accident;
- $30,000 for bodily injury or death of two or more persons on any one accident;
- $10,000 for injury to or destruction of property of others in any one accident.
To put these numbers in perspective, they are among the lowest minimum liability insurance requirements of any state. Moreover, unlike several other states you are not required to buy Uninsured motorist coverage, Personal Injury Protection, or Medical Payment coverage. Nevertheless, all these types of coverage are encouraged along with much higher liability limits as well.
Motor Carriers (any person or business which transports people or property for hire) are required to carry higher liability insurance limits than those listed above. It is possible to self-insure if you and/your business own more than 10 vehicles in your name. Alternatively you may be able to get an operator’s policy if you collect automobiles and own more of them than there are licensed drivers in your household.
Just keep in mind that no matter what insurance category you fall under, you are strongly advised to get more than just the basic coverage.
Nevada State Auto Insurance Laws
As mentioned above, you are required to demonstrate financial responsibility when operating your car. To lower the incidence of uninsured drivers, the state of Nevada has implemented Nevada LIVE – (Liability Insurance Validation Electronically) which will come into full force on December 1, 2011. It validates the liability insurance coverage on every vehicle registered in Nevada on a continual basis.
As a result, failure to maintain proper legal insurance coverage now carries steep and escalating fines. Moreover there is no grace period when it comes to when fines begin to get issued.
Your first offense brings a minimum fine of $250, which can rise to $1,750 for a 3rd offense with the suspension of your driver’s license for 30 days. Moreover, if you go without insurance for more than 90 days you will be required to file an SR-22 Certificate of Financial Responsibility for the next 3 years.
Assuming you don’t let your insurance lapse you are still required to carry proof of insurance. Keep in mind that it must be carried in your car all the time and must be presented to any law enforcement officer upon request. Failure to do so could result in additional fees or fines.
Finally, you should know that Nevada operates under the fault principle. This means that your insurance covers you if you are responsible for an accident up to your policy limits. Should the costs of an accident go above these limits you are then personally responsible to make up the difference.
Nevada Car Insurance Companies
There are dozens if not hundreds of companies that offer private car insurance policies in the state. You can find all them from the Division of Insurance.
Yet, I’m sure you only want to deal with the best and most reliable ones. Therefore you can pick one of two options. The first is to get quotes using our free quote form that can be found at either the top or bottom of this page.
Alternatively, you can pick from among the following insurance companies who are also members of the Insurance Information Institute.
Kemper Corporation (formerly Unitrin)
The companies listed above are the largest and most respected in the state. However there may come a time when you want to file a complaint against your insurer. If that is the case then you need to contact the Nevada Division Of Insurance.
Average Nevada Auto Insurance Rates
Figuring out average premium rates for any state can be difficult. In the case of Nevada there are several resources we can use to find average insurance rates. The first are the extensive rate comparison tables found on pages 23-103 of the 2010 Consumer’s Guide to Auto Insurance Rates. They have tables for almost every possible scenario you can be in as a driver.
Nevertheless, the tables only give information about expected rates under a variety of situations. To find a true average we have to turn to other sources. Fortunately, there are 3 we can use. Unfortunately, they do not entirely agree with one another.
The first come from the findings of the National Association of Insurance Commissioners which claimed the average annual cost of car insurance in Nevada in 2009 was $1,128. This number more or less agrees with a study by the Insurance Information Institute which found the state to be the 8th most expensive in 2008 with annual premiums of $970.
More recent numbers from CarInsurance.com for 2011, support the idea that Nevada is a high cost state. They have found annual premiums for this year come in at $1,531; about $100 above the US national average. Thus depending on who you believe, average Nevada car insurance rates could be anywhere from $970-$1,531 per year.
Yet, what really matters is what you pay. And, the only way to make sure you pay less, is with free quotes from websites like ours.
Nevada Car Accident Statistics
Driving in Nevada remains slightly more dangerous than the US as a whole. But the state has done more than most others to try an improve road safety. According to the Nevada Department of Transportation there were 243 fatalities and 1,412 serious injuries on Nevada’s roads in 2009. In 2010 there were slightly more fatalities (254) but fewer serious injuries (1,328).
The National Highway Traffic Safety Administration (NHTSA) has information that can put these numbers in perspective. For 2009, the number of people killed per 100 million vehicle miles traveled was 1.19 in Nevada and 1.14 in the rest of the US. Yet, back in 2005 these numbers were 2.06 for Nevada and 1.46 for the rest of the US. This means the number of fatalities has been falling faster in Nevada than in the country as a whole.
Part of this may be due to the Department of Transportation’s Zero Fatalities initiative. It has the incredibly ambitious goal of reducing the number of fatalities on Nevada’s roads to zero. Although they aren’t there yet, they have improved things immensely judging by the numbers.
Finally, even though the driving situation is getting better, you should still be extra cautious driving in the following counties, which have had the consistently highest number of fatalities according to the (NHTSA): Clark County, Washoe County, Elko County, Nye County and Churchill County.
Why You Should Get Nevada Car Insurance Quotes
Nevada car insurance quotes are a great way to find deals and discounts from insurers. If you want to save money, there are some car insurance companies that are offering amazing discounts to their policyholders provided that they meet certain requirements.
Some give discounts if you buy all your policies with them. Aside from this, some companies provide discounts for good student drivers. You can definitely save a surprising large amount of money when you get discount plans. So, be sure to tune in on the latest updates with your car insurance company.
A Nevada car insurance quote definitely makes it easier for vehicle owners like you to save money with less hassle. Just imagine how long it used to take to phone companies one by one or speak to various agents. Now you can search various online sites for a particular policy and compare their prices. With instant Nevada auto insurance, you will be able to get a good quote in just a few minutes.
For those who are on a tight budget, worry no more. Low price car insurance is available as well. These insurance policies are made to fit any kind of budget. They offer legal protection and the best place for you to find them is by getting a Nevada car insurance quote.
Get only the best car insurance policies available today with just a few clicks of the mouse. Don’t miss out on all the great deals on car insurance by using this tool today.
Insurance Guides to Nevada’s Cities
North Las Vegas