Las Vegas Car Insurance

Your Complete Guide to Las Vegas, NV, Car Insurance

(Where to find the best quotes near you)

Las Vegas, NV, known as the “Entertainment Capital of the World,” offers non-stop recreation in its luxury casinos and show palaces. Las Vegas is a hub for business, finance, transportation, and service industries. 

When temperatures climb in Las Vegas, particularly during Nevada’s blistering summers, accidents can take place, so you will need a good car insurance policy to cover against them. Whether your car broke down on the Las Vegas strip, or you had a major accident on I-15,  you could be facing hundreds of dollars in accident-related financial losses.

By hiring a local independent insurance agent, you can shop for the best car insurance policy to meet your coverage and financial needs. Find an independent insurance agent in Las Vegas, NV, to learn more today. You can start evaluating customized car insurance quotes right away.

How Much Does Car Insurance Cost in Las Vegas, NV?

The average cost of car insurance in Nevada is higher than the national average. However, you might be able to save hundreds every year by taking your time when shopping and comparing rates.

  • National average annual car insurance cost: $1,311
  • Nevada average annual car insurance cost: $1,802

Insurance rates can fluctuate from one person to another and occurs because all insurance firms have their own approach to determining risk and calculating rates. Below are some of the factors that the price of your car insurance quote may be based upon:

  • The make, model, and year of vehicles being insured
  • Your credit score and driving record
  • Your age, gender, occupation, and marital status
  • The amount of your deductible
  • Information about other licensed drivers using your vehicle
  • The amount of liability insurance being obtained
  • Whether you own or rent your home
  • The coverage options included in your policy

If you are bundling your car insurance with renters or homeowners insurance, you may be qualified for considerable discounts on your policies. You may also be eligible for other discounts, such as if you have a safe driving record or make good grades in school.

Let an independent insurance agent assist you in comparing rates and finding the discounts you qualify for. They can help you get the car insurance coverage you need at the most cost-effective price.

What Car Insurance Coverage Options are Available in Las Vegas, NV?

Practically all car insurance policies are devised with a blend of mandatory and voluntary car insurance coverage options. As a resident of Las Vegas, NV, your policy must meet or exceed Nevada’s minimum car insurance coverage requirements. Nevada requires drivers to carry liability car insurance.

If you are still paying on your car, your moneylender will probably require you to carry comprehensive and collision insurance. Likewise, if you are leasing your car, the broker will undoubtedly expect you to carry collision and comprehensive coverage.

The minimum liability insurance requirements are as follows:

  • $25,000 for injury/death to one person.
  • $50,000 for injury/death to more than one person.
  • $20,000 for damages to property.

Liability insurance repays third-party people for personal injury and/or property damages. Please note that comprehensive or collision insurance does not meet Nevada’s vehicle financial responsibility requirements.

Following are several car insurance coverage options you might anticipate your local independent insurance agent to offer you:

  • Collision insurance: (Partially optional) This option covers repairs or the replacement of your car if it is damaged in an accident, regardless of fault.
  • Comprehensive insurance: (Partially optional) This option covers repairs or the replacement of your car if it is lost or damaged due to a non-collision event such as flooding, lighting, or car fire.
  • Uninsured motorist insurance: (Optional) This option covers other non-covered damage and injuries you may undergo if in a collision with an uninsured, underinsured, or hit-and-run driver.
  • Roadside assistance and towing: (Optional) This option covers essential options if your car breaks down while out driving, like if your engine coolant leaks out.
  • Rental reimbursement coverage: (Optional) This option covers the cost of renting an alternate car while your car is being repaired following a covered event.

Talk to your independent insurance agent for aid in choosing your liability coverage requirements.

What Is the Penalty for Driving without Insurance in Las Vegas, NV?

In the state of Nevada, it is not legal to drive any vehicle without proof of insurance or financial responsibility. The driver must maintain proof of uninterrupted insurance throughout the registration period. The penalties for driving without car insurance in Nevada include the following:

  • Fines of $500 to $1,200 depending on the length of the lapse, and
  • Requirement to file an SR-22 form.

If you are required to maintain an SR-22 filing as a condition of your reinstatement, it must be maintained for three years from the date you reinstate your driver's license. If at any time during the three-year period you fail to maintain the SR-22 insurance, your driving privilege will be suspended. This may result in starting the three-year requirement again.

There is no statute of limitations on the SR-22 requirement. The continuous three-year requirement begins from the date you reinstate your driver's license regardless of how long you have been in suspension or when you purchased the coverage.

Examples of driver’s license suspensions and revocations are listed as follows:

  • Security deposit: If an accident occurs with more than $750 in damage (personal injury or property damage) and you do not have liability insurance, your driver’s license and vehicle registration plates will be suspended.
  • Failure to maintain insurance: Suspension or revocation will occur if you are required to provide proof of financial responsibility because of a license suspension or revocation and do not do so, if you are cited by law enforcement and convicted of failure to maintain insurance, or if you have repeated lapses in vehicle liability coverage.

What Is the Auto Theft Rate in Las Vegas, NV?

The 2018 crime rate in Las Vegas, NV, is 364, which is 1.3 times higher than the US average. In the last 5 years, Las Vegas has seen decreasing violent crime and a decline in property crime.

  • National auto theft rate per 100,000 vehicles: 228.9
  • NV auto theft rate per 100,000 vehicles: 392.3
  • Las Vegas auto theft rate per 100,000 vehicles: 483.4

Though the risk of someone stealing your car is much higher in Las Vegas, you should remember, you can only be repaid for a car theft if your car insurance policy includes comprehensive coverage. This optional coverage can also include a substantial assortment of non-accident related damages such as floods or structure fires.

If you are leasing or paying for your car, with any luck, you already have comprehensive coverage. If not, speak with your independent insurance agent to learn how much it will cost to add this non-accident related coverage to your car insurance policy.

Why Work with an Independent Insurance Agent in Las Vegas, NV?

Independent insurance agents can be useful when looking for the best car insurance policy to meet your needs. These insurance experts can clarify your coverage options, answer insurance-related questions, and assist you in appraising offerings from multiple insurance companies.

Contact an independent insurance agent with an office near Las Vegas, NV, to start comparing personalized car insurance quotes in moments.

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