Car insurance is required by Nevada state law and serves to protect drivers against financial loss caused by an at-fault accident, by covering bodily injury and property damage claims. But understanding exactly how much coverage you require can be challenging. With our Nevada Car Insurance Calculator, it can help you find an optimal balance between cost and protection while comparing quotes across providers so you’re getting the best value on your policy.
Your car and driving record are two key determinants of how much car insurance you’ll pay, with newer models usually more costly to insure than older ones, such as sports cars which typically command higher premiums than family sedans.
Location can have a dramatic effect on your rate. Cities with higher traffic, crime and accident rates often have higher premiums than more suburban areas – for instance Las Vegas often boasts higher premiums compared to rural regions of its home state.
Your credit history can have an enormous effect on your car insurance rates, particularly if it’s poor. People with excellent credit will typically see reduced premiums compared to those with poor or average scores.
Your uninsured/underinsured motorist coverage has an effect on car insurance premiums as well. It covers any medical costs or losses that you might experience due to uninsured drivers; typically included as standard with basic auto policies but available as add-on coverage as well.
Age and marital status can also have a dramatic effect on car insurance premiums. Young drivers often face the highest rates because they lack experience behind the wheel and therefore pose greater risks for accidents; once they turn 25, their rates typically begin to decrease with increased driving experience and greater discounts available from insurance carriers.
An arrest for DUI can have an enormous effect on your car insurance rates, with some insurers raising them by as much as 5%, while others offering affordable options tailored specifically for drivers convicted of DUI in Nevada such as GEICO, Progressive and Nationwide.
Addition of teen drivers can also increase car insurance premiums significantly, particularly if they drive an older model vehicle. On average, adding teenage drivers costs about an extra $3,754 annually to Nevada auto insurance policies.
If you want additional protection than what Nevada requires of minimum liability coverage, comprehensive and collision coverage are options to add to your policy. These policies cover damages caused to your own car by events like car accidents, theft or weather-related incidents (subject to an annual deductible). Unfortunately, full coverage can cost 128% more than liability-only policies.