Each year, most of us who lawfully drive around the state of Nevada need to sort out our auto insurance renewal.
Many of us that decide to take out that cheap car insurance option will, in the event of making a claim, feel let down by the insurance company somewhat. If you have you ever had to make a claim against your insurance then you may agree with what I’m saying – I bet some of you will have had to chase the insurance company to get things sorted out, alot of you will maybe have had a game of tug-of-war with the insurer about the costs of the claim, and I would risk a fair stack of chips (we are in Las Vegas after all!) on most having found it stressful.
The National Association of Insurance Commissioners report for last year shows the average car insurance premium for Nevada against the rest of the country. The average annual premium in Nevada was $1,137 while car insurance for the rest of the country was noticeably less at only $937 per vehicle.
Since car insurance is more expensive for those of us who happen to live in Las Vegas or somewhere else in Nevada, we need to make sure we get a good deal for our money.
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.
Both bodily injury and property damage coverage can be bought as split-limit coverage or combined single-limit cover. If you decide to choose liability cover as a combined single limit, then the figures for both bodily injury and property damage are combined ie. $40,000 is the combined minimum single limit for all bodily injury and/or property damage allowable by the law of Nevada.
Comprehensive and collision cover are not required in Las Vegas, under Nevada law. It is also not available in some cases where the condition of the vehicle or the age of the driver would prohibit the costs required ie. the person is of minimum age or the vehicle is almost worthless
You are generally not required to carry medical payments but all insurance companies are required by law to offer you a medical payments liability cover of at least $1000 and uninsured/under-insured motorist cover at an amount equal to the bodily injury cover that you decide to purchase.
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.
Teri lives in Las Vegas and is an insurance actuary. She writes about how to find good car insurance in Las Vegas and writes other insurance articles about auto insurance in Nevada at her insurance guide web site.
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