While Nevada does have a minimum level of auto insurance coverage that drivers must have in place, buying only the minimum may not be the best choice for all drivers. The state’s minimums are set at a relatively low 15/30/10, which means $15,000 in bodily injury liability coverage for one accident victim, $30,000 for all victims of a single accident and $10,000 in property damage liability coverage.
Rather than asking how much insurance you need, a better question is to consider the value of everything you want to protect. If you are the at-fault driver in an accident, your insurance coverage will pay out up to your policy limit. Say the other person injured in the accident had $20,000 in damages and you only bought the legal minimum of $15,000 in bodily injury coverage. You would be personally responsible for the additional $5,000.
Instead of exposing yourself to the risk of having to pay for damages in a serious accident, you are far better off buying a car insurance policy with a higher limit. If you are concerned about the cost of increasing your coverage, ask your insurance company for quotes at different levels so that you can find one that is affordable. You also have the option of shopping around to see if you can get a better price from a different insurance company.