Nevada operates using the Tort system that currently governs the overwhelming number of US states in relation to auto insurance. The Tort system makes the at-fault driver in a road traffic accident financially responsible for injuries to third party drivers and for damage sustained to their property.
Under Nevada state law, all motorists are legally obliged to carry the following levels of auto insurance coverage:
- $15,000 worth of bodily injury liability per person
- $30,000 worth of bodily injury liability per accident
- $10,000 worth of property damage liability
For their own protection, road users in Nevada are advised to purchase personal injury protection, collision coverage, comprehensive insurance and uninsured/underinsured motorist coverage. Although these features are not mandatory, they should be factored in all auto insurance quotes, particularly when the policy is being purchased for a new or nearly-new vehicle.
Auto insurance rates in Nevada have dropped slightly in July 2010 but an average-priced policy will still cost somewhere in the region of $1,862. This is almost $300 above the average premium applied throughout the rest of the country. To lower auto insurance costs, road users are advised to use price comparison websites to obtain as many different auto insurance quotes as possible.
By comparing equivalent policies alongside one another, road users in Nevada will be able make a more informed choice on auto insurance quotes by eliminating offers that fail to provide sufficient coverage. Although price should also be a consideration, it is more important for Nevada motorists to make sure they are adequately protected at all times.