Cheap auto insurance for teenagers in Nevada

Whether the car in registered in your teen’s name or your name, the mandatory automobile insurance laws of Nevada still require you to carry the minimum liability auto insurance. The Nevada mandatory auto insurance laws require you to carry $15,000.00 of insurance for each individual injured in an accident, $30,000.00 for all injuries incurred in an accident and $10,000.00 for any property damage incurred in an automobile accident to cover your teenager when they are behind the wheel. Insurance companies in Nevada may suggest you carry more than the minimum state requirements because of the higher risk of accidents posed by inexperienced teen drivers. Furthermore, following their advice may actually reduce the cost of insuring your teenager. There is no doubt that adding your teenagers to your policy will increase your premiums but it will generally cost less than putting them on their own policy. Encouraging your teen to maintain a “B” grade point average and drive sensibly will help to reduce these added costs to your premiums.

Since Nevada is a Torte state, the person causing the accident can be sued for pain, suffering, lost wages and medical costs which result from the accident. For this reason, it is a good idea to carry more than the minimum required auto liability insurance on teens. Liability insurance will cover the injuries and deaths which are inflicted on all other persons involved in the accident. It will also cover all property damage whether it is another vehicle or a fence. It is strongly suggested that collision and comprehensive insurance be carried for young drivers. Collision covers the damages and replacement costs to the car your teen drives in the case of an accident involving another car, reckless driving, etc even if your teen was at fault. Comprehensive auto insurance covers accidents involving acts of nature such as four legged animals and accidents caused by bad weather.

The majority of accidents in Nevada occur in the rural areas. The fatality rate in the rural areas of Nevada is 1.5 times higher than the rate in the urban centers of the state. The major causes are distractions while driving, drinking and driving, and lack of driver education. Nevada has put the graduated driver’s license into place to attempt to solve these problems. As a parent, you may request that your teen not be given a permit until they reach the age of 18.

The auto insurance coverage must come from a company which has been approved by the state of Nevada. You are required to carry proof of insurance with you at all times. This proof must include the VIN number of your vehicle, the make and model of your vehicle, the name of those covered as well as the policy holder and the name of the insurance company and the current effective dates of coverage. If your teen does not provide proof of insurance, they will be fined, could lose their license and the registration to the vehicle. They will have to provide proof of the minimum liability insurance in order to restore their license and registration at the end of their suspension.

Proof of proper liability auto insurance coverage includes a temporary insurance card, premium receipt or insurance binder, a declaration page stating your liability auto insurance coverage, or the insurance policy. Failure to prove you have insurance can be costly. The fines for the first offense are $250.00 and could go as high as $1,000.00. If you are caught driving without insurance and you are in an accident, you can lose not only your vehicle’s registration and license plates but also your driver’s license. If you drive your car without insurance for a prolonged period of time, you may not be able to get insurance when you decide to purchase a policy.

Adding your teen to your policy will generally be less expensive than setting them up with their own policy. The cost of adding your teen averages about $2,171.00 per year. As mentioned before, good grades will help to reduce the cost of insuring your teen. Have them successfully complete a driver’s education course approved by the state will also be beneficial. Don’t put your teen in a luxury car or sports car and be aware of the most popular stolen cars in the state of Nevada. They 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

Following these guidelines can reduce your premiums about 10 to 15 percent.