Car Insurance Application Requirements in Nevada
Reader’s Question:
I will be moving to Nevada soon. What are the minimum requirements for car insurance application in the State of Nevada?
Emma
Sunrise Manor, NV
Unlike other states where car insurance laws are stringent, the State of Nevada only requires its motorists to have minimum liability in their car insurance policy. Minimum coverage in this state will pay for medical expense of 15 thousand dollars for a single driver, up to a total 30 thousand in medical cost for all of the passengers in the vehicle involved in the accident. For coverage on property damage, an amount worth 10 thousand dollars is allotted to cover repairs to vehicles.
As liability insurance does not cover the costs incurred for repairs on your own vehicle following an accident, it is strongly recommended that you avail of the collision and comprehensive insurance policy. This will pay for the repairs made on your own vehicle, but only up to its Kelley Blue Book value; if cost of repair is beyond that, then the insurer declares the vehicle totaled and pay the car owner its cash value. Although it is not required for every policyholder to avail of the uninsured motorist policy, it would provide security to Nevada residents. Given that Nevada is not as strict as to obligate all residents to have large car insurance coverages, the uninsured motorist policy assures you that if you ever get involved in a car accident, and the other party has no insurance, then you will not end up paying for medical and repair costs after the accident. This will also save you from spending years in court trying to get the person responsible to pay you back.
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