Nevada Auto Insurance

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Nevada laws specify that the state's auto insurance operate under the tort system. Under tort laws, at fault drivers must pay all personal injury and property damage expenses. Nevada requires liability coverage to pay for these expenses and any excess damages can be collected from the at-fault driver in court if their coverage is not adequate.

Nevada auto insurance rates

Nevada auto insurance costs currently average $913.05, ranking the state at 14th out of all states in the US. On average Nevada drivers pay $585.29 for liability, $318.50 for collision, and $140.54 for comprehensive coverage. Nevada car insurance premiums have been on a steady rise, up almost 20% since 2000.

Auto insurance rates in Nevada are calculated by providers using a series of complicated formulas. Basically, though, the final rate an individual drivers pays is determined by both statewide average costs and individual risk factors. The statewide costs that account for a portion of individual rates include:

• The cost of doing business in Nevada (taxes, facilities, etc)
• Traffic statistics like number of road accidents
• The costs of litigation and insurance fraud
• Amount of claims filed in previous years
• State regulations

After these statewide averages, the insurers calculate individual risk factors for drivers. Some of these factors are as follows:

• The driver's age
• Driving record for prior 5 years
• Type of car
• City of residence
• Marital status
• Generder

These variables are then used to determine rates. Even though the above-listed factors are generally used by all auto insurers in Nebraska, they may place different levels of importance on them which can vastically alter the price a driver will pay from company to company.

Nevada Auto Insurance Coverage Minimums

The minimum liability coverage for Nevada auto insurance is 15/30/10. This liability coverage provides $15,000 for personal injury, up to $30,000 for all injuries sustained, and $10,000 for any property damage as a result of an accident you caused. Nevada auto insurance does not require, but insurance companies offer, collision, comprehensive, uninsured and underinsured motorist coverage. All minimum levels with Nevada auto insurance should be viewed as legal minimums and not the suggested coverage.

Nevada Auto Insurance Companies

Since rates vary because of the way different companies determine premiums, you can save a lot of money if you get multiple rate quotes. Some top companies offering Nevada auto insurance are:

• Unitrin Direct
• GEICO
• State Farm Insurance
• Allstate Insurance
• Nationwide Insurance
• AIG
• Progressive Insurance
• GMAC
• Esurance

Official Resources and Information

Nevada Department of Insurance
Carson City Office:
788 Fairview Drive
Suite 300
Carson City, Nevada 89701
Ph: (775) 687-4270

Nevada Department of Insurance
Las Vegas Office:
2501 East Sahara Avenue
Suite 302
Las Vegas, Nevada 89104
Ph: (702) 486-4009

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