Nevada is home to 2.7 million residents, with the majority of the population centering near the cities of Las Vegas and Reno. Individuals living in Nevada and those who have recently moved here from other states experience higher than average insurance rates. Nevada’s higher than average rates are due to a number of things such as, dense automobile traffic, increasing number of new residents, high number of uninsured motorists, and an elevated rate of car theft.
The State of Nevada mandates that every carry minimum liability limits of $15,000 in bodily injury coverage per person, $30,000 in bodily injury coverage per accident, and $10,000 for property damage coverage also known as 15/30/10 coverage. If a vehicle owner has a car loan lenders require full coverage insurance to protect their interest in the car. Also, if you lease a vehicle the required liability coverage typically required by leasing companies is 100/300/50.
Your driving record along with your credit score, and past claims history may play a role in determining the premium you pay. Other factors are age, gender, geographical location and vehicle specs. Although some of these characteristics are out of your control there are some things you can do to keep your premium down. One option is to purchase a vehicle with multiple safety features that decrease risk of injury. Another option to consider is to combine your auto insurance with another policy such as home insurance, motorcycle insurance, boat insurance, and renters insurance. Many companies offer multi-policy discounts and can lower both your auto policy as well as the companion policy.
Insurance Specialist can take care of your insurance needs. We are an independent agent with the ability to shop your policy with multiple insurance companies, resulting in a range of different coverage’s tailored to your needs. Our agents have over 30 years of experience in insurance and are happy to help you in the process of purchasing the best insurance for you and your family.
