If your goal is to find the cheapest auto insurance in Nevada, consider a two-pronged approach to finding the coverage that you need. The first step is to determine how much protection you need, and what type to buy. You will need to meet the minimum level of third party liability coverage required by law to stay legal in this tort state. Along with this protection, you should also consider buying physical damage protection for your own vehicle. In a case where you took out a loan to buy your car, the financing company will probably insist that you keep full coverage (collision and comprehensive) in place until the vehicle has been paid for in full.
Once the car has been paid off, consider dropping the collision protection entirely and keeping comprehensive coverage for fire and theft in place. This type of coverage pays out based on the vehicle’s cash value and with an older model, it may not be worthwhile to keep full coverage in place. This part of the policy accounts for a significant portion of the amount paid for premiums, and reducing or eliminating it can help a consumer save on the cost of coverage.
Rates vary between insurance companies, even for the same type and level of protection. A customer who wants to find the cheapest auto insurance rates in Nevada needs to be prepared to shop around and compare pricing from several providers before making a buying decision.