Everything You Need to Know

Nevada car insurance laws require every motorist to carry auto insurance when driving or parking on public roadways. You must provide proof of insurance when prompted by a law enforcement official. Each state has its own minimum car insurance requirements. Check out Nevada’s state minimums and several other car insurance options below.

Nevada Minimum Requirements

Nevada’s state minimum requirements are comparable to most other states in the U.S. Just like other state’s minimums, Nevada’s do not provide sufficient coverage. Though you are legally allowed to drive with them, state minimums leave you vulnerable to financial liabilities after a traffic accident. If you are at fault for an accident that causes even minor injuries, your bodily injury liability limit could be reached quickly, and you would have to pay out of pocket for the remainder of the other driver’s medical costs. Additionally, a new vehicle will often cost more than the $20,000 limit required in Nevada.

Nevada’s minimum car insurance requirements per ValuePenguin:

• Bodily injury liability: $25,000 per person and $50,000 per accident
• Property damage liability: $20,000 per accident

What If I Don’t Carry Car Insurance?

According to Bankrate, there is no auto insurance grace period in Nevada. Just one day without coverage could cause your registration to be suspended and require a minimum reinstatement charge of $251. The punishments for driving without insurance are largely determined by how many times you have driven without proper coverage and the length of the current lapse.

If you drive without proper coverage, you can expect the following penalties, according to TheZebra:

First offense with a length of lapse 30 days or less:

• Reinstatement fee: $251
• Fine: $0
• SR-22: No
• Total: $251

First offense with a length of lapse of 31 to 90 days:

• Reinstatement fee: $251
• Fine: $250
• SR-22: No
• Total: $501

First offense with a length of lapse of 91 to 180 days:

• Reinstatement fee: $251
• Fine: $500
• SR-22: Yes
• Total: $751

First offense with a length of lapse 181 days or more:

• Reinstatement fee: $251
• Fine: $1000
• SR-22: Yes
• Total: $1251

Second offense with a length of lapse 30 days or less:

• Reinstatement fee: $501
• Fine: $0
• SR-22: No
• Total: $501

Second offense with a length of lapse of 31 to 90 days:

• Reinstatement fee: $501
• Fine: $500
• SR-22: No
• Total: $1001

Second offense with a length of lapse of 91 to 180 days:

• Reinstatement fee: $501
• Fine: $500
• SR-22: Yes
• Total: $1001

Second offense with a length of lapse 181 days or more:

• Reinstatement fee: $501
• Fine: $1000
• SR-22: Yes
• Total: $1501

Third offense with a length of lapse 30 days or less:

• Reinstatement fee: $751
• Fine: $0
• SR-22: Yes
• License suspension: 30 days
• Total: $751

Third offense with a length of lapse of 30 to 90 days:

• Reinstatement fee: $751
• Fine: $500
• SR-22: Yes
• License suspension: 30 days
• Total: $1251

Third offense with a length of lapse of 91 to 180 days:

• Reinstatement fee: $751
• Fine: $750
• SR-22: Yes
• License suspension: 30 days
• Total: $1501

Third offense with a length of lapse 181 days or more:

• Reinstatement fee: $751
• Fine: $1000
• SR-22: Yes
• License suspension: 30 days
• Total: $1751

If you choose to cancel your current auto insurance policy, you should follow these steps to avoid a lapse in coverage:

• If you cancel your insurance due to a broken down or unused vehicle, first cancel your registration online through MyDMV.
• If you are canceling because you have sold your vehicle, remove the license plates and cancel your Nevada registration.
• If you cancel your registration before the expiration date, you will receive credit towards registering your next vehicle equal to the remainder of your canceled registration. In some circumstances, you may receive a full refund.
• If your vehicle has personalized license plates, bring them to the DMV in person so you may transfer them to your next vehicle.

Coverage Options in Nevada

Liability insurance is the only type of coverage required by law in Nevada, but there are several other options for protecting you, your passengers, and your vehicle, including:

• Collision: This insurance is subject to a deductible and covers repair and replacement costs when you collide with another vehicle or a static object such as a tree or curb.
• Uninsured and underinsured motorist: This type of insurance covers you when the at-fault driver doesn’t have insurance or their insurance is insufficient.
• Medical payments: Regardless of who is at fault in an accident, this coverage will cover your medical costs, loss of services, child care, and funeral expenses.
• Comprehensive: Comprehensive coverage pays for repair and replacement when your vehicle was damaged by an event considered out of the driver’s control, such as weather, theft, vandalism, or striking an animal on the roadway.
• Gap insurance: If you have financed your vehicle, GAP insurance will pay off the difference between what you owe and the actual cash value of your vehicle after it’s totaled.
• Roadside assistance: This optional coverage reimburses the policyholder for locksmiths, refueling, towing, and more.
• Rental reimbursement: This coverage reimburses the cost of a rental vehicle when yours is in the shop for more than 24 hours.

Nevada Is a Fault State

Twelve states in the U.S. are considered no-fault states. These states limit the type of legal action that can be taken against a motorist after an accident. According to Nolo, Nevada uses the normal fault system regarding traffic accident responsibility. This means that the driver who caused the accident is deemed financially responsible for the damages, injuries, loss of income, and any other expenses associated with the crash. The at-fault driver’s insurance will be required to cover damages up to the policy holder’s limits, and any costs over those limits must be paid out of pocket by the at-fault driver.

There isn’t one insurance provider who offers the best rates. Your monthly premiums are determined by several factors, including your age, credit score, gender, marital status, and the vehicles you drive. Every quote is unique, and getting them is easy. Head online to get a free and instant quote today.

Check this out if you need additional information, resources, or guidance on car insurance.

Sources:

Insurance for Subaru: Everything You Need to Know | caranddriver.com

Anonymous Car Insurance Quotes: Everything You Need To Know | caranddriver.com

What Is GAP Insurance on a Car? | caranddriver.com

Nevada Car Insurance Laws | bankrate.com

Auto Insurance Requirements in Nevada | valuepenguin.com

Nevada Car Insurance Laws | thezebra.com

Nevada Car Insurance Requirements | nolo.com

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