What Nevada Drivers Need to Know About the Cost of Auto Insurance

Nevada, like many other states has seen an increase in road safety in recent years. This is good news for everyone. The traffic fatality rate actually dropped 18% between 2004-2008. Traffic accidents do happen, and having the right auto coverage is crucial. Let’s take a look at what type of Nevada auto insurance you need and how to save money on your policy.

Nevada drivers must have coverage for bodily injuries liability up to $15,000 per person/ $30,000 per accident and $10,000 property damage liability. These coverage levels do not provide the security you would expect from insurance. These limits are unlikely to cover any accident that is more severe than a simple fender bender. If you are found to have been at fault for the accident, you could be held responsible for any amount not covered by your insurance.

Nevada drivers often purchase minimum insurance instead of buying it. They typically buy $100,000 per person/ $300,000. per accident for bodily injuries liability. $50,000 for property damage liability. $50,000 for bodily injuries liability. $50,000 for bodily injury liability. $30,000 for uninsured motorist bodily Injury. $5,000 for medical payments. There is a $500 collision deductible and a $100 comprehensive deductible.

You can still find a lower price even if you purchase this level of insurance. It is a good idea to get at most three quotes from different insurance companies. To get the information you need, you can either call the company or search it online. It takes some time, but it is well worth your time.

Let’s assume a driver lives in Las Vegas and owns a Toyota RAV4. He wants complete coverage. Based on an insurance survey by the Nevada Division of Insurance, here are some examples of the premiums different drivers might pay.

A 24-year-old female divorcee drives 10 miles round trip each day to work with a clean driving record. Her annual mileage is 4,500. For the past 30 days, she has not had insurance. The premium for six months could cost the driver anywhere from $752 up to $6,846.

A 45-year old male single travels 10 miles each way to work every day. He has a combined annual mileage of 4,500. A DUI conviction is his first offense in the past two years. He will discover that not all insurers will sell him a policy. He could pay between $897 and $6,132 for a 6-month premium if he finds a company willing to insure him.

Both husband and wife are 40 years old with clean driving records. Each individual drives 30 miles round trip to work each day, and each vehicle has an annual mileage of 12,000. The insurer offers a multi-car discount. The husband would be paying between $452 to $2,682 for a 6-month premium.

A 71-year old married, retired woman has a clean driving record. Her husband doesn’t drive. The vehicle is used for pleasure and she has a mileage of 4,000 annually. She completed a driver safety course approved by the department and has been rated with the highest credit-based insurance score. For a 6-month premium, this driver could pay between $422 and $2,675 She is one of the lowest-risk customers for an insurance company. Every insurance company wishes they had more customers like this.

You owe it as a Nevada driver to compare prices. This one step can help you save thousands of dollars per year. You shouldn’t just choose Nevada auto insurance because it is the cheapest. You should ensure that you only buy policy from financially sound and highly rated companies. This will ensure that your auto insurance is available when you need it.