Nevada auto insurance

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The importance of auto insurance in Nevada

With populated urban areas and a wide-open desert, Nevada has a variety of roadways that pose different challenges for the state's two million licensed drivers. A short commute in Las Vegas requires one set of driving skills, while a road trip to the sparsely populated north calls for another. Either way, accidents that cause property damage and personal injuries can happen quickly. To protect your finances and your health, you need Nevada auto insurance.

The specific challenges for Nevada drivers  

Looking at traffic fatalities in Nevada provides information on driving conditions in the Silver State. Data from the Insurance Institute of Highway Safety reveals that in a recent year, 317 people died in 293 crashes in Nevada. With a rate of 10.2 deaths per 100,000 people or 1.26 deaths per one million vehicle miles traveled, the state is slightly below the national average for traffic fatalities.

Over 70% of traffic fatalities in the state occur in urban areas, which far surpasses the 56% average for the nation. This indicates that driving in cities such as Las Vegas and Reno poses unique dangers for Nevada drivers. In most other traffic fatality categories, such as alcohol use, seat belt use and motorcycle deaths, Nevada remains close to the national average. 

According to information from the U.S. Census Bureau, Nevada drivers spend just over 24 minutes each way commuting to and from work, which falls just below the national average. The state has a network of public transportation that helps those in small cities and rural areas connect with providers. Multiple sources indicate only about 3% of residents use public transportation, as most people rely on personal vehicles to travel in the state.

The factors affecting the cost of Nevada auto insurance

If you own a vehicle in Nevada, you want an affordable policy that fits your needs. Since many factors impact the cost of insurance, it helps to understand those components. By using our VIU by HUB comparison tool, you can compare Nevada auto insurance quotes across multiple carriers. You can also adjust for many of the policy features and products available to you.

Average cost of insurance in the state

While information varies, one reliable source shows that Nevada residents pay an average monthly premium of $430 for auto insurance coverage. This makes the state one of the most expensive places to obtain auto insurance. Nevadans pay hundreds more per month than the national average. Use VIU by HUB to see if you might be able to lower your premium costs.

Full Coverage versus Minimum Coverage

Nevada requires vehicle owners to carry a minimum Liability Coverage of $25,000 per person and $50,000 per accident and Property Damage liability of $20,000. This will not cover damage to your vehicle if you cause an accident.

In addition to the required insurance above, Nevada drivers can purchase Uninsured and Underinsured Motorists coverage on an optional basis. While state law does not require you to purchase these coverages, the law requires that every insurance company offer it to their auto insurance clients for liability limits of $25,000 per person, $50,000 per accident and $20,000 for property damage. This coverage pays for expenses when you are hit by an at-fault driver who either didn’t carry insurance (uninsured) or didn’t carry enough insurance to address all the medical bills or car repair costs (underinsured).

A policy with Full Coverage includes higher than minimum Liability limits as well as Collision and Comprehensive coverage. Collision Coverage pays for damage to your vehicle if you hit another object. Comprehensive Coverage pays for damage to your vehicle from causes other than collision, like flood, vandalism and falling objects.

Personal factors

Many personal factors go into the cost of your Nevada auto Insurance policy. The following items will be factored into your rates:

       Age of the driver(s).

       Where you live.

       Your credit history.

       Your driving record.

       How many miles you drive yearly.

       The type of vehicle you drive.

       The vehicle garaging location.

While insuring multiple vehicles can increase your total premium, many insurers offer discounts for insuring more than one vehicle with them.

Policy features

You can arrange an auto insurance policy in many ways. The more features you have, the higher your premium in most cases. For example, higher liability coverage amounts will raise your premiums. On the other hand, increasing the level of deductibles from $500 to $1,000 for each incident will lower your premiums. Fewer policy features can expose you to higher out-of-pocket expenses overall.

To consider your options, our VIU by HUB tool allows you to adjust all of the above features. This lets you look at Nevada auto insurance quotes with the policy features that meet your unique needs. 

The comforting role of Nevada auto insurance

Whether you drive on rural roads most of the time or contend with urban traffic in Las Vegas or Reno, a lot can go wrong on Nevada roadways. Not only can your vehicle receive property damage in a collision, but you or your passengers can also suffer serious personal injuries. All of these situations can cost you thousands of dollars. With a strong insurance policy, you can take to the roads without worry. 

Expanding your coverage also reduces the likelihood of high out-of-pocket expenses. A policy with high Liability Coverage affords increased protection for serious accidents. Adding coverage for Medical Payments helps pay medical expenses for you and your passengers, even in cases where you are a passenger in someone else's vehicle. This coverage can even extend to injuries you receive in a pedestrian or bike accident.

By comparing Nevada auto insurance quotes, you can make an informed decision about which features make sense for your lifestyle. For example, roadside assistance will likely only add a few dollars to your monthly premiums, but it could help if you or a loved one gets stranded on the highway.

This information is intended for general informational purposes only and is not intended to constitute legal advice.

Sources:

Statista

Insurance Institute of Highway Safety

US Census Bureau

Auto insurance in Nevada by city

Understand risks, minimum state coverage requirements, average costs and other specifics that can impact auto insurance policies and premium rates in your city.