Do You Live In Nevada And Need Car Insurance?
My car insurance was recently up for renewal and I thought I would put some effort into shopping around.
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.
In its annual report of 2008, The National Association of Insurance Commissioners report revealed that the average premium per vehicle in Nevada state was $1,137 annually, whilst passenger car insurance for the remaining states was significantly 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 secure both a good policy and also to get a good deal for their money, consumers must take care and purchase an auto insurance policy that makes sense and value for them. A good policy can be considered one that 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.
Now, both bodily injury and property damage coverage (liability coverage) can be bought as split-limit coverage or combined single-limit cover. If you choose to purchase liability cover as a combined single limit, then the figures for bodily injury and property damage are combined ie. $40,000 is the combined single limit for all bodily injury and/or property damage, and this figure is the minimum combined single-limit cover allowable by the law of Nevada.
Comprehensive and collision cover are not strictly required by law in Las Vegas, under Nevada law but you may find that it is offered to you by your insurer. 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 is an insurance actuary and lives in Las Vegas. She writes for the las vegas and Nevada car insurance center where you can find more tips for finding car insurance in las vegas.
Tags: Auto Insurance, car insurance, car lease, care hire, casinos, finance, gambling, las vegas, las vegas auto insurance, las vegas car insurance, motoring, nevada
