Nevada Car Insurance
Nevada is known for the bright and shiny lights in Las Vegas, as well as the incredible and picturesque mountainscapes. People love to ski there, walk the trails, and enjoy the many shows in Las Vegas. With so many things attracting people to it, it is no surprise that many people decide to move to the state. Whether you are looking for a cheaper auto insurance plan and you live in the state already, or are coming to live here for the first time, having a solid knowledge about the ins and outs of automobile insurance is critical.
Auto Insurance Requirements In Nevada
The laws in the state of Nevada, specifically the Nevada Motor Vehicle Financial Responsibility Law, requires you to purchase car insurance to operate certain vehicles legally on the road in the state. Proof of insurance is required before registering your vehicle with the Nevada DMV. Liability coverage is required in the state, with bodily injury liability coverage required in the amounts of $25,000 per person and $50,000 per accident. Property damage liability coverage is also required in the amount of $20,000 per accident.
Keep in mind that these are the minimum limits for auto insurance coverage in the state and that many people choose to purchase their coverage in higher amounts to protect themselves better. Also, while liability coverage is the only type required in the state of Nevada, there are other types of insurance coverage that are also purchased. These include uninsured motorist coverage, collision insurance coverage, medical payments coverage, comprehensive insurance coverage, and roadside assistance.
Average Cost of Coverage In Nevada
Getting an automobile insurance plan in the state of Nevada is more costly than many other states in the country. With rates coming in at just under $1,600 per year, which is more than the average in the United States by over 25%, shopping around to save money is a smart plan. Rates in the state can vary from one city or neighborhood to the next, so if you are looking to purchase a home or rent an apartment in the state, this is something that should be considered.
Cheapest Car Insurance Companies In Nevada
Another factor that affects automobile insurance rates is the auto insurance company you select. Different companies use different formulas to determine automobile insurance premiums. Due to this, the cheapest car insurance company on average might not be the most affordable auto insurance company for your specific situation. The best place to start when looking for the top car insurance rates in Nevada is to consider which companies have the lowest prices on average and get quotes from them. These companies include Allied Insurance, Progressive Insurance, and Geico Insurance. Other companies should also be considered, particularly if you are considered a high-risk driver or are in the younger age demographic.
Cheapest Car Insurance In Nevada By City
Consider which city you are living in if you are looking to purchase a home or rent an apartment. The least expensive places in the state of Nevada to purchase insurance policies for include Winnemucca, Spring Creek, and Battle Mountain. Each of these cities comes in at under $1,300 per month on average. Keep in mind that your rates may be higher or lower than the average in any given city due to the numerous variables affecting your rates. These variables include your driving record, credit history, age, gender, and marital status, among other things.
Most Expensive Car Insurance In Nevada By City
Above the average for the state of Nevada are the cities of Winchester, Sunrise Manor, Paradise, Whitney, and Las Vegas.
Laws, Rules, And Penalties In Nevada
People caught driving without insurance coverage in the state of Nevada can see their driver’s license and vehicle registration suspended. This would require you to register your car again, while paying additional fees. For people whose vehicle registration has lapsed or been suspended, a notification from the Nevada DMV will be sent. Also, Nevada has a system that checks the status of your auto insurance policy throughout the year. This includes when you register your vehicle and when you renew your vehicle registration, and can include other times as well. If you are found not to have insurance, your registration can be suspended if you do not respond within 15 days to the notification.
Driving without insurance in the state can also include fines and the requirement to maintain SR-22 paperwork for three years or more.
How To Save Money On Car Insurance In Nevada
Nevada has a plethora of companies that you can look at to find the best rates on automobile insurance plans. Comparison-shopping is one of the best ways to save money, and with free quotes available on this website, the process is easy. You can also verify that all of the applicable discounts for your situation are applied to your policy. This is another fantastic way to enjoy additional savings.