Car Insurance Guide for the US state of Nevada
My car insurance was recently up for renewal and I thought I would put some effort into shopping around.
Have you ever had to make a claim on your car insurance? If you can answer yes to this question then I bet there is a good number of you that were disappointed with their auto insurer. Perhaps many of you will have had to do alot of the groundwork chasing the insurance company to get things done, some of you will probably have had to fight with your insurance company about the costs, and no doubt most of you will have found it stressful.
The National Association of Insurance Commissioners included, in its annual report of 2008, a comparison of the average auto insurance premium for Nevada against the rest of the country. The report revealed that the average premium per vehicle in Nevada state was $1,137 annually, whilst private passenger auto insurance for the rest of the country was noticeably less at only $937 per vehicle.
While car insurance is a significant annual cost for most residents of the US, it is slightly more expensive for residents of Las Vegas and Nevada state as a whole, compared to the rest of the country on average.
To get yourself a decent policy and also to get a good deal for their money, you must take care and purchase an auto insurance policy that makes sense and value for you. A good policy is one that both meets your minimum liability as a road user and also provides other levels of cover that you require without quibbles or problems from the insurance company should you need to make a claim.
Bodily injury and property damage cover can be purchased as what is known as split-limit cover or combined single-limit cover. If you choose to pay for a combined single limit, then the figures for property damage and bodily injury are combined ie. $40,000 is the minimum (required under Nevada law) combined single limit for all property damage and bodily injury.
Comprehensive and collision cover are not required by law in the state of Nevada and is generally unavailable for some ie. young drivers who are of minimum age.
Again, medical payments or uninsured/under-insured motorist cover are not strictly required under Nevada law, but all insurance companies are required to offer it to you by law with a level of cover of at least $1000 and uninsured/under-insured motorist cover at an amount equal to your bodily injury cover (this is to protect you in the event you have an accident with another party who is found at fault but does not have the minimum levels of cover required).
If you are planning to lease a car you are advised to check the lease agreement since they generally require that you have a liability cover of $100,000 per person, $300,000 per accident and possibly a damage cover over the lower limit of $10,000 that is required by the law in Nevada. - 23211
Have you ever had to make a claim on your car insurance? If you can answer yes to this question then I bet there is a good number of you that were disappointed with their auto insurer. Perhaps many of you will have had to do alot of the groundwork chasing the insurance company to get things done, some of you will probably have had to fight with your insurance company about the costs, and no doubt most of you will have found it stressful.
The National Association of Insurance Commissioners included, in its annual report of 2008, a comparison of the average auto insurance premium for Nevada against the rest of the country. The report revealed that the average premium per vehicle in Nevada state was $1,137 annually, whilst private passenger auto insurance for the rest of the country was noticeably less at only $937 per vehicle.
While car insurance is a significant annual cost for most residents of the US, it is slightly more expensive for residents of Las Vegas and Nevada state as a whole, compared to the rest of the country on average.
To get yourself a decent policy and also to get a good deal for their money, you must take care and purchase an auto insurance policy that makes sense and value for you. A good policy is one that both meets your minimum liability as a road user and also provides other levels of cover that you require without quibbles or problems from the insurance company should you need to make a claim.
Bodily injury and property damage cover can be purchased as what is known as split-limit cover or combined single-limit cover. If you choose to pay for a combined single limit, then the figures for property damage and bodily injury are combined ie. $40,000 is the minimum (required under Nevada law) combined single limit for all property damage and bodily injury.
Comprehensive and collision cover are not required by law in the state of Nevada and is generally unavailable for some ie. young drivers who are of minimum age.
Again, medical payments or uninsured/under-insured motorist cover are not strictly required under Nevada law, but all insurance companies are required to offer it to you by law with a level of cover of at least $1000 and uninsured/under-insured motorist cover at an amount equal to your bodily injury cover (this is to protect you in the event you have an accident with another party who is found at fault but does not have the minimum levels of cover required).
If you are planning to lease a car you are advised to check the lease agreement since they generally require that you have a liability cover of $100,000 per person, $300,000 per accident and possibly a damage cover over the lower limit of $10,000 that is required by the law in Nevada. - 23211
About the Author:
Teri is an insurance broker for a company in Las Vegas and specializes in finding suitable car insurance deals in Las Vegas and Nevada. You can find more tips and advice for finding your car insurance in Nevada at the insurance guide where Teri writes.