What are Nevada’s Minimum Auto Insurance Coverage Requirements?

According to the DMV, all drivers in Nevada are required to have a minimum liability vehicle insurance policy for trucks, cars, motorcycles, or any other vehicles such as RVs. The purpose of minimum auto insurance coverage requirements is to protect drivers from physical damage or bodily injury resulting from an accident, or any other losses that may occur.

The Las Vegas, Nevada auto accident lawyers at Nettles Morris understand that the required minimum liability coverage only covers the other party’s injuries or damages to their property. Minimum coverage doesn’t include the policyholder, the policyholder’s property, or the people who live in the same residence as the policyholder in the event they get injured in an accident.

As a result, you could find yourself in a financial fix if you are responsible for an accident that totals your car or causes injuries.

Minimum Auto Insurance Coverage Requirements in Nevada

In July 2018, the Division of Insurance in Nevada increased the minimum liability insurance requirements for motor vehicles to a 25/50/20 coverage rule. This is represented as follows:

  • Bodily injury per individual: $25,000
  • Bodily injury per accident: $50,000
  • Damages to property: $20,000

If you are leasing or financing your car, the agreement might require that you purchase comprehensive and collision coverage until the contract is up, or the vehicle is paid in full. Make sure you read your vehicle’s coverage requirements before deciding to get the minimum coverage.

In Nevada, you must have your insurance coverage validated and verified when registering your vehicle, and during reinstatements, license plate changes, and renewals.

Are There Other Vehicle Insurance Coverage Options in the State of Nevada?

While you could just go for the minimum auto insurance coverage requirements, it’s a good idea to have extra coverage options to ensure that you and your passengers are all covered in the event of an accident. Additional insurance coverage will provide financial aid to you and your passengers regardless of who’s at fault, or if the other party’s insurance doesn’t cover all of the damages.

Additional auto insurance coverage options in Nevada include:

  • Comprehensive Coverage: Covers damages caused by other external factors such as falling objects, vandalism, theft damage, flood, fire, or weather.
  • Collision Coverage: Covers auto collision damages regardless of who’s at fault.
  • Towing and Labor Coverage: Covers the costs associated with roadside assistance or towing.

However, it is worth noting that towing and labor, collision, or comprehensive coverage doesn’t cover the cost of treating the injuries you or your passengers suffer after an accident.

To ensure that you and your passengers are covered when it comes to the cost of medical treatment, consider purchasing additional coverage. Some policies are designed to cover all the occupants of a vehicle when medical treatment and other related expenses are required.

These policies include:

  • The Uninsured/Underinsured Motorist policy: This policy pays for your medical costs – and those of your passengers – if you get involved in an accident where the at-fault driver is either underinsured or has no insurance.
  • Medical Payments: Also known as MedPay, this policy covers the cost of treating the injuries you and your passengers suffered regardless of who’s at fault. MedPay also pays for injuries sustained in a pedestrian accident.

Can I Operate My Vehicle Without Auto Insurance in Nevada?

In Nevada, insurance coverage is closely monitored by the state’s LIVE system. The LIVE system checks each driver’s insurance coverage status throughout the year, including registering or renewing their vehicle’s registration.

If the system isn’t able to verify a vehicle’s auto insurance, the vehicle owner is sent a notification by the DMV. This notification lets them know that they are required to respond with proof that they’ve purchased insurance coverage within 15 days, or else they risk suspension.

It’s worth noting that the first suspension attracts a $251 reinstatement fee, as well as fees for any additional offenses.

How are Insurance Rates in Nevada Decided?

Insurance companies in Nevada consider several things when determining what insurance rates to charge. These factors include, but are not limited to:

  • Driving record
  • Credit report
  • Gender and age
  • Marital Status
  • Claims history
  • Vehicle Location
  • Make and model of the vehicle

Most insurers will weigh each of these categories separately and together, with particular emphasis on the applicant’s driving record. If the applicant has a considerable amount of points for violations like speeding, reckless driving, or DUI, chances are their auto insurance rates will be high.

Contact an Auto Accident Attorney in Las Vegas, Nevada

If you have suffered injuries after being involved in a car accident in Nevada, get in touch with Nettles Morris, an experienced Las Vegas personal injury law firm, by calling (702) 710-9964 for legal counsel and representation. Our attorneys can help you pursue justice for the injuries and damages you’ve suffered and are here to ensure you get the compensation you deserve. Give us a call today and schedule your free consultation.