Nevada Auto Insurance

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Rachel Bodine graduated from college with a BA in English. She works as an associate editor and writer for 4autoinsurancequote.com for over a year and enjoys creating content that offers expert advice on car insurance topics.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs...

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Reviewed byLeslie Kasperowicz
Former Farmers Insurance CSRhttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/4autoins-live/6ea5d860-leslie-kasperowicz.jpg

UPDATED: Apr 28, 2020

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Nevada Auto InsuranceHome to the “City of Sin” and one of the fastest growing states in the nation, Nevada has become popular with tourists from every corner of the world. The “Silver State” has grown from a sparsely populated desert to the 35th most populated state, with a number of corporate offices headquartered inside state lines to enjoy Nevada’s relaxed tax status. Let’s have a look at how auto insurance works in Nevada, and we’ll share how you can get the best rates on your auto insurance.

nevada auto insurance

Nevada Auto Insurance Laws

In Nevada, the state liability coverage minimums are:

  • Bodily Injury Liability Coverage – $25,000 per person
  • Bodily Injury Liability Coverage – $50,000 per accident
  • Property Damage Liability Coverage – $20,000 per accident
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Optional coverage options in NV include:

  • Comprehensive Coverage
  • Collision Coverage
  • Uninsured/Underinsured Motorist Coverage
  • Medical Payments Coverage
  • Rental Reimbursement Coverage
  • Roadside Assistance / Towing Coverage
  • GAP Coverage

When Nevada lawmakers created the state’s auto insurance laws, they went with the ‘tort’ system, currently in use by 38 states including Nevada. In short, when an accident occurs, one of the drivers is determined to be the ‘at fault’ party – the one who caused the accident – and this person and their auto insurance are subject to claims and lawsuits. The State of Nevada requires that drivers purchase a minimum amount of coverage in two different types of auto insurance policy: Bodily Injury Liability and Property Damage Liability.

Bodily Injury Liability insurance is the policy that covers the medical treatment and injury related costs of the other party and their passengers when you are the ‘at fault’ party in an accident. For instance, if Driver A causes a collision with Driver B and their medical claims total $25,000, Driver A and their insurance company will be required to pay this amount. State law requires that drivers have a minimum coverage of $25,000 per party, per accident and $30,000 for all parties in a single accident. It’s worth noting that with today’s high cost of medical treatment, this amount is considered somewhat low and is worth increasing if it’s in your budget.

Property Damage Liability insurance works much like the above mentioned BIL insurance, except the purpose of PD.L is to cover the cost of damage to other parties’ property, including their car, when you are the ‘at fault’ party in an accident. Using the above example, if the accident that Driver A caused did a total of $4,000 in body damage to Driver B’s car, Driver A’s Property Damage Liability insurance would pick up this cost. The minimum amount of PDL coverage that a driver in Nevada can have is $20,000. Again, this is somewhat low (imagine a high-speed crash which totals a luxury car) and is worth increasing if you can afford to.

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Nevada Auto Insurance Rates

Unfortunately for drivers in Nevada, while the state is below average in population it is slightly higher than average for auto insurance rates. As of July 2011, it cost an average of $1,543 for a year’s worth of auto insurance in the state; this is about $100 per year higher than the national average of $1,440.

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As one might expect, it costs considerably more to insure a auto inside of Nevada’s major cities, especially Las Vegas.

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The City of Sin has a current average rate of $6,600 per year for auto insurance – or about $550 per month. Residents of Reno are looking at a much lower average of $3900 for a year’s worth of insurance.

There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here.

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While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females.

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Nevada Auto Insurance Rates by Company

Rates in Nevada are fairly high, so it helps to check which company can offer rates below the average.

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But which companies are the largest, holding the most market share percentage in the region?

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Relevant Nevada Driving Statistics

While Nevada ranks in the top ten states in the nation for auto crashes, the state has done a remarkable job of reducing accidents and improving driver safety in recent years. State lawmakers made the crash problem a high priority of law enforcement, and as the trends show, the focus is proving to have positive effects. 2009 saw a total of 53,151 vehicle crashes, with 223 of those resulting in fatalities. The total crash number is quite high, given that Nevada is the 35th most populated state, but when compared to 2007’s total of 62,254 crashes and 341 fatalities, it’s clear that the trend is steeply downward. With a continued focus by law enforcement – and drivers – on improving traffic safety, the crash rates will continue downward, as will the state’s above-average auto insurance prices.

There is little in the way of good news when it comes to the auto theft plague that has been Nevada’s curse for more than a decade. While the state has managed to reduce the number of auto thefts by 50% between 2006 and 2009, Nevada is still ranked #2 in the nation for vehicle theft. In 2009, just 12,379 vehicles were reported stolen, down from 15,918 in 2008 and down from an astronomical 26,961 in 2006. The 2009 numbers give Nevada a rate of 468.4 auto thefts per 100,000 residents, good enough to hold down the 2nd highest rate in the nation for a 5th straight year. As the huge decline in over auto theft numbers over the past three years shows, Nevada law enforcement are making it a priority to prevent cars from being stolen. Until the state manages to climb down from its high ranking, auto insurance costs will continue to be above the national average (and very high in Las Vegas).

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Get A Nevada Auto Insurance Quote

To help Nevada residents find the best deals on auto insurance, 4AutoInsuranceQuote.com has built a tool that scours through the rates of the many auto insurance companies that operate in the state. To compare and shop for the best prices on auto insurance in Nevada, scroll up to the top of this page and enter your ZIP code in the form. It’s that simple!

Nevada Auto Insurance Agents Directory

Additional Nevada Automobile Insurance Resources

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State Minimum Auto Insurance Rates Nationwide
Average Monthly Auto Insurance Rates by State
Monthly Nevada Auto Insurance Rates by ZIP Code
Factors Affecting Auto Insurance Rates in Nevada
Average Monthly Auto Insurance Rates by Age & Gender in Nevada
Nevada Auto Insurance Rates by Company vs. State Average
Nevada Auto Insurers by Market Share %
State Minimum Auto Insurance Rates Nationwide
Average Monthly Auto Insurance Rates by State
Monthly Nevada Auto Insurance Rates by ZIP Code
Factors Affecting Auto Insurance Rates in Nevada
Average Monthly Auto Insurance Rates by Age & Gender in Nevada
Nevada Auto Insurance Rates by Company vs. State Average
Nevada Auto Insurers by Market Share %