The State of Nevada – and in particular the Nevada Department of Transport – has made great strides in recent years to reduce the number of serious and fatal road traffic accidents by targeting drunk drivers and those who refuse to wear seat belts. The rate of injuries caused and suffered by negligent drivers has pushed the cost of car insurance in Nevada to almost 50 per cent more than the national average in certain locations and hopefully these rates will start to decline as road safety measures start to work.
Also, in a bid to reduce the high percentage of people driving without car insurance in Nevada, the Department of Transport is in the process of introducing its LIVE (Liability Insurance Validation Electronically) insurance program which will enable Nevada car insurance companies to upload data about their clients, and provide instant information to law enforcement officers about whether a car has Nevada car insurance or not.
Nevada Car Insurance Requirements
The high cost of auto insurance in Nevada exists despite Nevada having one of the lowest minimum liability limits in the country – Ohio is the only Tort State with lower personal injury liability limits. These limits are the minimum required by law, but are often inadequate to cover medical and rehabilitation costs in an accident in which you are responsible for a personal injury.
Furthermore, the Nevada auto insurance minimum coverage limit for damage to property is just $10,000. If you total somebody´s valuable car (and there are plenty of valuable cars in Nevada), you will be personally financially responsible for the costs of repair and replacement above the limit of your Nevada auto insurance.
Minimum liability limits for auto insurance in Nevada
$15,000 for injury/death to one person
$30,000 for injury/death to more than one person
$10,000 for damage to property
All Nevada car insurance companies are required by law to quote you for medical payments coverage of at least $1,000 and uninsured/underinsured motorist protection equal to the value of your bodily injury coverage.
Nevada Auto Insurance Laws
As part of the Nevada Department of Transport LIVE program, vehicle owners wishing to renew or reinstate their vehicle registration from March 2011 will have to show proof of car insurance in Nevada. Insurance cards are being issued by all Nevada auto insurance companies which will have to be carried in the driver´s vehicle and shown on demand when requested to do so by a law enforcement officer.
Under the new regulations (effective July 2011), car owners who allow their Nevada car insurance to lapse face a tiered fine structure which has to paid before their vehicle registration can be reinstated. As well as the existing $250.00 reinstatement fee for a first offence, fines of up to $1,000.00 can be applied before you are allowed to drive your car and, if your Nevada car insurance has lapsed for 91 days or more, SR-22 insurance will be required – even for a first offence!
Recommended Nevada Car Insurance Coverage
The Nevada Department of Insurance produced a 112 page booklet last year in which it recommended that drivers have a minimum liability of $100,000 for injury/death to one person, $300,000 for more than one person and $50,000 per accident for property damage. You may also find that if you have leased a vehicle or purchased one on finance, these are the minimum limits you will be required to carry on your Nevada auto insurance.
Drivers with valuable cars (and there are plenty of valuable cars in Nevada) might wish to take additional collision insurance, particularly in areas where a lot of tourists may be driving who are unfamiliar with the roads, and there is also the option available of comprehensive car insurance in Nevada which provides coverage in the event that your vehicle suffers from damage from fire, severe weather, vandalism or floods, or is stolen.
Cheap Nevada Auto Insurance Quotes
One of the reasons for the Nevada Department of Transport to bring in their LIVE program was to reduce the number of car owners who insure their vehicles out of State. With more vehicle owners now buying their auto insurance in Nevada, coupled with fewer uninsured drivers and a reduced number of accidents, the cost of auto insurance in Nevada should come down in the near future. However, there are several steps you can take while you wait to get cheap Nevada auto insurance quotes.
The key to getting cheap Nevada auto insurance quotes is to reduce your insurance rating. We look deeper into Nevada Car Insurance Ratings below, but the purpose of ratings is for Nevada auto insurance companies to gauge what element of risk they are taking when they insure you. If nothing else, the fitting of additional safety features in your car – automatic seatbelts for example – will demonstrate your responsibility to safety when you drive in Nevada.
Irrespective of how much you pay for your car insurance in Nevada, it is always worth using a car insurance comparison tool like the one we have at the top of the page. You might find that you could save hundreds of dollars on your Nevada car insurance or nothing at all. Surely, though, it is worth a few minutes of your time to find out!
Nevada Car Insurance Ratings
Nevada car insurance ratings provide a car insurance company in Nevada with a calculation of how much risk they are taking by insuring you to drive, and they quote you for car insurance in Nevada accordingly. Car insurance companies in Nevada use different criteria when working out how much to charge, which is why you should apply for as many quotes as possible when comparing the market.
Most people will be aware that maintaining a clean driving license and not claiming against your current Nevada auto insurance policy will keep your rates low, but there are several other factors involved in compiling your Nevada car insurance rating – some which you may not be aware of.
- Where You Live – One of the most influential factors of your Nevada car insurance rating is where you live – this is why the first thing an auto insurance company in Nevada will ask for is your Zip code. Rates for neighboring areas can fluctuate considerably based on historical data such as accident hot spots, rates of vehicle theft and the local population demographics. Living in a “good area” can enable you to save money on Nevada auto insurance.
- Your Credit Score – Maintaining a good credit score is more important than you might think when it comes to cheap auto insurance in Nevada. Historically, people who can demonstrate financial responsibility are considered by Nevada auto insurance companies to show responsibility when driving. Furthermore, if you can pay a year´s car insurance premium in advance on your credit card, you may qualify for a discount!
- Your Vehicle Usage – Drivers who use the vehicles infrequently will pay less for their car insurance in Nevada than those who commute many miles a day. Statistically, the more you use your vehicle, the more likely you are to be involved in an accident and low mileage drivers also have the option of pay-as-you-drive car insurance in Nevada which has been operative in the State since 2009.
- Age and Gender – Again based on historical data, young drivers are responsible for causing more road traffic accidents than the older generation. Regardless of how well you drive, a person of 25 will always be quoted more for their Nevada car insurance than somebody aged 35 in the same circumstances. Male drivers also have a worse historical driving record than female drivers, and will pay a premium on the costs of their Nevada car insurance because of their gender.
- Marital and Family Status – Married couples are also considered by Nevada auto insurance companies to be more responsible than single drivers – more so when you start to raise a family and transport them around in your vehicle. However, once they grow up to be eligible to drive, watch your Nevada car insurance premiums go through the roof!
Nevada “Hotspots” for Vehicle Theft
The National Insurance Crime Bureau (NICB) publishes a list each year of the metropolitan districts throughout the country that suffer the highest levels of vehicle theft. The State of Nevada only has three entries on the list, which is compiled in relation to the per head capital of each district, and las Vegas came out worse. If you live in the Las Vegas area, you should ensure you advise your car insurance company in Nevada when you fit additional anti-theft devices to your car, or else you could be paying a premium unnecessarily.
The “Nevada Three” for 2010 (with their national position in brackets) were as follows:-
- Las Vegas (17)
- Reno (91)
- Carson City (211)
Most Frequently Stolen Vehicles in Nevada
The NICB also publishes a list of which cars are most likely to be stolen. This may be because these cars are particularly easy to steal, are quick to dispose of, or are particularly attractive cars. Should your vehicle appear on this list, again it is in your best interests to advise your Nevada auto insurance company if you have taken measures to reduce the likelihood of your car being stolen.
- Honda Accord
- Honda Civic
- Toyota Camry
- Nissan Sentra
- Chevrolet Pickup
- Nissan Altima
- Dodge Ram
- Ford F150 Pickup
- Acura Integra
- Saturn Sl
Typical Nevada Auto Insurance Rates
Because of the high rates of vehicle theft, lost tourists and general volume of traffic, car insurance rates around Las Vegas generally tend to be the highest in Nevada. With the improvements to insurance procedures being introduced by the Department of Transport, it is intended that the generally cost of car insurance in Nevada will soon fall, and it will be interesting to revisit this page in a year´s time to see if that has actually happened.
The list below represents the average insurance premium paid throughout selected areas of Nevada in 2010. Your own Nevada auto insurance quote may vary significantly due to your own personal circumstances, but if you are paying more than the figures quoted below, it will be worth your while to spend a few minutes familiarizing yourself with the car insurance comparison tool at the top of the page before you navigate away from this site.
Car insurance in Reno – $1,449
Car insurance in Carson City – $1,549
Car insurance in Sparks – $1,566
Car insurance in Henderson – $1,904
Car insurance in Las Vegas – $2,027
Nevada Car Insurance Companies
The Nevada Department of Insurance booklet has a small section dedicated to “Smart Shopping”. It advocates getting as many quotes as possible in good time before your current Nevada auto insurance expires to determine the best deal for you. The list below provides a selection of car insurance companies in Nevada who are authorized to quote on car insurance in Nevada, but you can save time and money by using the car insurance comparison tool at the top of the page.
|21st Century||Farmers Home Mutual||National Interstate|
|AIG||Federal||National Union Fire|
|Allstate||Financial Indemnity||Nevada Capital|
|AMCO||Firemans Fund||Nevada Direct|
|American Bankers||First Liberty||Nevada General|
|American Family||First National||Omni|
|American Modern||GEICO||QBE Insurance|
|American National||Great Northwest||Response|
|American Standard||Horace Mann||Sentinel|
|American Sterling||IDS||Standard Fire|
|AMEX Assurance||Illinois National||State Farm|
|Civil Service Employees||Mendakota||United Automobile|
|Depositors||MGA Insurance||Western general|
|Esurance||National General||Workmens Auto|
Do not forget, once you have got your quote for car insurance in Nevada, ask for further discounts. We mentioned above about saving money on Nevada auto insurance by paying for a year´s cover in advance, but you might also get discounts if you maintain good grades in school, combine your Nevada auto insurance with other insurance policies, have passed a driver education course or are aged over 55 and qualify for the 55-Alive/AARP driver´s discount.