When it comes to car insurance coverage, there is only one way to find the cheapest insurance for your car in Nevada. That is you need to shop around. This way you are able to compare your rates with other companies and get the most affordable rates available. You also want to find a policy that fits what you need in a car insurance company.
Every state has different requirements that need to be fulfilled by the insurance company that you choose. The coverage that is required specifically in Nevada is Bodily Injury Liability that equals to $15,000 per injured person with a limit of $30,000. You also are required to carry Property Damage Liability of at least $10,000. This is the minimum requirement; however you always have the option to purchase more coverage. The method of basic coverage may be referred to from your insurance company as 15/30/10 coverage.
What Bodily Injury Liability Insurance Means:
Bodily Injury Liability Insurance will cover anyone that was in the accident including the driver, passenger, and possibly anyone in the other car. This insurance is particularly important because it will protect your assets. If someone, either a passenger in your car or someone from the other car, gets injured and you do not have Bodily Injury Liability insurance that party has the right to sue you. Therefore this type of insurance ensures that any medical claims are covered. To figure out how much coverage you should get, consider how much you have in assets. If you have minimal income and do not own a home then you could probably get away with just the minimum amount. If you own a home or some other assets you may want to consider getting more coverage. If you are significantly wealthy you should take out a fairly significant Bodily Injury Liability insurance policy. Remember the deeper the pockets, the more you have to lose.
What is Property Damage Liability Insurance?
Property Damage Liability Insurance covers the other personâ€™s car in the case that the accident is your fault. The property damage insurance requirement is fairly low in Nevada, however be aware that you will be responsible for any damage that exceeds the covered amount. Therefore, if you total a Mercedes or the like you will have a very large bill after your insurance coverage is maxed. The coverage you choose should again match the assets you are trying to protect.
Nevada Specific Laws Regarding Insurance:
Nevada follows a system called Tort, which means that someone in the accident will have to be found at fault. The person that is found at fault will be responsible for all damages for both cars and all passengers. Take the time to compare rates by getting quotes online. Once you are finished, consult with insurance agents so that you can discuss the best options for getting a discount and an affordable policy. If you have teenagers, look into getting them a discount for good grades.
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