Nevada Auto Insurance

The state of Nevada requires all insurance companies to offer uninsured and underinsured motorist insurance to all their policy holders.  Uninsured and underinsured coverage provides protections against drivers who do not carry the mandatory liability auto insurance demanded by the state.  Underinsured and uninsured coverage is not mandatory in the state of Nevada but it is recommended.  If you decide to forego this option, the insurance company is required to provide a signed declaration page stating that you chose not to take the underinsured and uninsured coverage.

You or your insurance company may exclude members of your household from coverage on your insurance policy.  If the individual is not listed on your policy, the insurance company does not have to provide coverage for that person.  Any exclusion will be listed in the section of your policy titled exclusions.  This section also covers any and all circumstances which would allow the insurance company to deny a claim.  If your policy lapses or cancels you can be cited for driving without the required insurance so you must pay the premium to reinstate the policy.  If the policy is cancelled, then you must find a new auto insurance policy right away. 

Nevada insurance companies can use your credit history to accept applicants, set insurance rates, and determine which services they will provide.  They may also use your credit score to determine your risk factors however many other factors are used to determine your rates such as the age of the drivers on the policy, the car you drive, your driving record, where you live and your marital status.  Since Nevada is a Torte state, any individual who is found to be at fault in an accident can be sued for pain, suffering, lost wages, and medical expenses.  For this reason, insurance companies advise policy holders to buy more than the minimum liability auto insurance.  The average insurance premium in Nevada as of 2006 is approximately $1,006.00 and the state is ranked as the 9th most expensive state for insurance premiums in the nation.

There are 31 officially accepted insurance companies listed in Nevada.  They include Allstate Fire and Casualty Insurance Company, Allstate Indemnity Company, Allstate Insurance Company, Allstate Property and Casualty Insurance Company, American Family Mutual Insurance Company, American National Property and Casualty Company, American Sterling Insurance Company, Dairyland Insurance Company, Esurance Insurance Company, Farmers Insurance Exchange, Financial Indemnity Company, GEICO General Insurance Company, Government Employees Insurance Company (GEICO), Hartford Insurance Company of the Midwest, Infinity Auto Insurance Company-Low Cost, Infinity Insurance Company-Value Added, Liberty Mutual Fire Insurance Company, Mendakota Insurance Company, Mid-Century Insurance Company, Nationwide Insurance Company of America, Nevada General Insurance Company, Primero Insurance Company, Progressive Direct Insurance Company, Progressive Northern Insurance Company, Safeco Insurance Company of Illinois, State Farm Fire and Casualty Company, State Farm Mutual Automobile Insurance Company, United Services Automobile Association, USAA Casualty Insurance Company, Viking Insurance Company of Wisconsin, and Western United Insurance Company. 

One of the methods you can use to reduce the cost of your auto insurance premiums is to purchase more than one type of insurance policy with the same company.  You will also get discounts for a clean driving record and possibly for renewing you policy with the same company repeatedly.  Making sure you insurance never lapses will sometimes reduce your premiums as well as belonging to a particular professional group such as engineers, teachers, or doctors.  Younger drivers can get discounts for maintaining good grades, and completing a driver safety course approved by the state.  Insuring multiple vehicles will also reduce your premiums.  Anti theft devices and safety mechanisms such as airbags and seat belts will contribute to the reduction of your auto insurance premiums.  It may also be useful to know which cars are frequently targeted by thieves.  The list of the top ten most often stolen cars in the state of Nevada are listed below.

1. 1990 Honda Accord
2. 1991 Toyota Camry
3. 1995 Honda Civic
4. 1994 Saturn SL
5. 1994 Nissan Sentra
6. 2004 Dodge Ram Pickup
7. 1992 Chevrolet C/K 1500 Pickup (full size)
8. 2002 Dodge Intrepid
9. 1993 Jeep Cherokee/Grand Cherokee
10. 1995 Dodge Neon