Finding affordable car insurance in Nevada can be a challenge. There are numerous factors that influence your premium, and our Nevada Car Insurance Calculator makes it easier to identify those that matter most and give you an accurate estimate of how much money you could save on coverage.
Minimum Liability Coverage
Nevada law requires drivers to carry a certain level of liability coverage, which pays for other people’s injuries and property damage if you’re at fault in an accident. The state’s minimum limits are $25,000 per person and $50,000 for single accidents; however, it is recommended that you have more than this to ensure full protection in case an incident occurs.
In addition to the state’s minimum liability requirements, Nevada drivers may need other types of coverage as well. These include uninsured/underinsured motorist coverage and collision damage waivers.
These policies can cover the costs of injuries or property damage from an at-fault accident, as well as aid you in recovering from lawsuits filed by those injured in said collision. Before adding these coverages, be sure to shop around for the best rates available.
Good Driver Discounts
A clean driving record is one of the most significant factors when it comes to determining your insurance rate. With no moving violations, accidents or DUIs and a good credit score, you should be able to find an insurance rate that’s significantly lower than average.
You can take advantage of discounts for anti-theft devices, teen drivers and multi-vehicle policies as well. These savings could amount to hundreds of dollars annually on your policy.
Living in High-Risk Areas
Your city of residence can have an effect on your car insurance rate. Larger metropolitan areas tend to have higher premiums than small towns due to a combination of higher crime rates and thefts of motor vehicles.
If you want to reduce the likelihood of theft and vandalism, investing in a home alarm system or garage-door security system for your car could be the ideal solution. These devices will help shield your property from harm.
Adding Additional Coverage to Your Policy
Nevada offers optional extras such as comprehensive and collision coverage that pay for any damages caused to your vehicle by events like fire, theft or vandalism. Without these coverages added on to your policy, you could find yourself owing money for expenses never intended by you.
Full-coverage policies tend to have higher costs than liability-only coverage, but it’s worth the investment. On average in Nevada, a full-coverage policy with a $500 deductible costs $1,648 – 128% more expensive than standard liability coverage.
Maintaining Your Car Insurance
Nevada drivers can face heavy fines and penalties for failing to renew their auto insurance or allowing it to expire. This is because the state maintains a real-time database that keeps track of who owns vehicles and which cars are registered there.