My car insurance was recently up for renewal and I thought I would put some effort into shopping around.
Have you ever had to make a claim on your car insurance? If you can answer yes to this question then I bet there is a good number of you that were disappointed with their auto insurer. Perhaps many of you will have had to do alot of the groundwork chasing the insurance company to get things done, some of you will probably have had to fight with your insurance company about the costs, and no doubt most of you will have found it stressful.
The National Association of Insurance Commissioners included, in its annual report of 2008, a comparison of the average auto insurance premium for Nevada against the rest of the country. The report revealed that the average premium per vehicle in Nevada state was $1,137 annually, whilst private passenger auto insurance for the rest of the country was noticeably less at only $937 per vehicle.
Since car insurance is more expensive for those of us who happen to live in Las Vegas or somewhere else in Nevada, we need to make sure we get a good deal for our money.
To get yourself a decent policy and also to get a good deal for their money, you must take care and purchase an auto insurance policy that makes sense and value for you. A good policy is one that both meets your minimum liability as a road user and also provides other levels of cover that you require without quibbles or problems from the insurance company should you need to make a claim.
Now, both bodily injury and property damage coverage (liability coverage) can be bought as split-limit coverage or combined single-limit cover. If you choose to purchase liability cover as a combined single limit, then the figures for bodily injury and property damage are combined ie. $40,000 is the combined single limit for all bodily injury and/or property damage, and this figure is the minimum combined single-limit cover allowable by the law of Nevada.
Comprehensive and collision cover are not strictly required by law in Las Vegas, under Nevada law but you may find that it is offered to you by your insurer. It is also not available in some cases where the condition of the vehicle or the age of the driver would prohibit the costs required ie. the person is of minimum age or the vehicle is almost worthless
You are not required to carry medical payments or uninsured/under-insured motorist cover, but all insurance companies are required by law to offer you medical payments cover of at least $1000 and uninsured/under-insured motorist cover at an amount equal to your bodily injury cover.
If you are planning to lease a car you are advised to check the lease agreement since they generally require that you have a liability cover of $100,000 per person, $300,000 per accident and possibly a damage cover over the lower limit of $10,000 that is required by the law in Nevada.
Have you ever had to make a claim on your car insurance? If you can answer yes to this question then I bet there is a good number of you that were disappointed with their auto insurer. Perhaps many of you will have had to do alot of the groundwork chasing the insurance company to get things done, some of you will probably have had to fight with your insurance company about the costs, and no doubt most of you will have found it stressful.
The National Association of Insurance Commissioners included, in its annual report of 2008, a comparison of the average auto insurance premium for Nevada against the rest of the country. The report revealed that the average premium per vehicle in Nevada state was $1,137 annually, whilst private passenger auto insurance for the rest of the country was noticeably less at only $937 per vehicle.
Since car insurance is more expensive for those of us who happen to live in Las Vegas or somewhere else in Nevada, we need to make sure we get a good deal for our money.
To get yourself a decent policy and also to get a good deal for their money, you must take care and purchase an auto insurance policy that makes sense and value for you. A good policy is one that both meets your minimum liability as a road user and also provides other levels of cover that you require without quibbles or problems from the insurance company should you need to make a claim.
Now, both bodily injury and property damage coverage (liability coverage) can be bought as split-limit coverage or combined single-limit cover. If you choose to purchase liability cover as a combined single limit, then the figures for bodily injury and property damage are combined ie. $40,000 is the combined single limit for all bodily injury and/or property damage, and this figure is the minimum combined single-limit cover allowable by the law of Nevada.
Comprehensive and collision cover are not strictly required by law in Las Vegas, under Nevada law but you may find that it is offered to you by your insurer. It is also not available in some cases where the condition of the vehicle or the age of the driver would prohibit the costs required ie. the person is of minimum age or the vehicle is almost worthless
You are not required to carry medical payments or uninsured/under-insured motorist cover, but all insurance companies are required by law to offer you medical payments cover of at least $1000 and uninsured/under-insured motorist cover at an amount equal to your bodily injury cover.
If you are planning to lease a car you are advised to check the lease agreement since they generally require that you have a liability cover of $100,000 per person, $300,000 per accident and possibly a damage cover over the lower limit of $10,000 that is required by the law in Nevada.
About the Author:
Teri is an insurance actuary in Las Vegas and writes at the las vegas auto insurance guide where you can find more tips for finding auto insurance in Las Vegas and the rest of Nevada.
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