Nevada Car Insurance (NV)

For the last five years, the fastest growing city in the United States has been Las Vegas.  Reno has undergone a similar growth spurt, linked to its casinos and Lake Tahoe.  Many of the people moving into Nevada are young, hard working and fast moving individuals looking for a place to make a start and get ahead.  Las Vegas in particular is a twenty-four hour city, catering around the clock to its millions of annual visitors.  Regardless of whether your are visiting or moving to this bustling state, it is important to understand the types and amounts of insurance coverage required of you and your fellow drivers.

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Nevada Car Insurance Requirements

The state requires you to carry a minimum of $15,000 in bodily injury coverage for an individual and $30,000 in bodily injury for the entire accident.  Also required is a minimum of $10,000 in property damage liability coverage.  These minimums cover the other car and the other driver and passengers, should you be at fault in an accident.

Because there is no required insurance coverage for your vehicle should you be at fault, there are options available to protect your car referred to as collision and comprehensive. Collision coverage pays for your repair costs, after a deductible is met. Comprehensive insurance pays for non-accident related damages, such as theft, damage from a storm or fire, or vandalism.
Many people drop collision and comprehensive coverage after the car is five years old or more, because the value of the car does not justify the premiums. The mix of coverage levels, deductibles and premiums are different for everyone, based on each individual’s financial situation.

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Additional Car Insurance Coverage in Nevada (NV)

Another widely used type of insurance coverage is for uninsured or underinsured motorists. This coverage pays for your losses should you be involved with an uninsured or underinsured driver, or engaged in a hit-and-run accident. The state of Nevada does not require motorists to purchase this type of coverage, but it is a sensible alternative to trying to personally collect on damages over and above the other party’s coverage.

Medical payments insurance is coverage for injury-related costs to you and your passengers, regardless of who is at fault. This coverage may or may not overlap your PIP and uninsured/underinsured motorist coverage. It will, however, often cover costs that are not directly related to medical treatment such as wage loss.

Nevada’s statutory requirements are a good start, but the liability coverage that is required does not provide the personal protection you may want to have. Take a thorough look at the best way to protect you, your car and your passengers, according to your unique financial situation. Also, be sure to ask about any insurance discounts that may be available.

Car Insurance in Nevada Cities

Learn more about car insurance specifically in Las Vegas.