Nevada Auto Insurance Requirements

The state of Nevada takes insurance coverage very seriously. So much so that it has put into place a program that links insurance companies directly to the DMV. Each insurance company is required to be linked with the DMV to assure that they know when each policy is put into effect, cancelled, or there is a lapse in coverage on a vehicle.

Nevada has a minimum liability insurance requirement of $10,000 for property damage per accident, $15,000 for the injury or death of one person, and $30,000 for the injury or death of multiple people. These minimum requirements are required in order to obtain registration for your vehicle in this state. Failure to keep these requirements could result in license suspension as well as costly fees and penalties.

It is important to keep in mind that these minimum amounts of coverage are the requirement to drive legally in the state but are not the recommended coverage. Insurance experts agree that any amount that equals less than $1 million in coverage could result in personal liability for a significant amount of damages if deemed at fault in a serious accident. This personal liability could result in the ruining of you and your family’s future plans of financial security.

No two states are the same when it comes to the minimums and penalties for not carrying the minimum required coverage. If you are planning to move into the state of Nevada, it is important to check if you have the appropriate coverage for this state. It is also important to check and see if your insurance company is registered to serve insurance so that you will know whether your current coverage will be enough and be valid in the state of Nevada.

If you must purchase a new insurance policy for any reason, it would be best to check with several different insurance companies before settling on which one to go with. Special discounts for a clean driving record could be available with some companies but not with others. There is generally a difference between insurance rates with different companies so be sure that you are not spending too much by comparing the rates of insurance policies between companies.