Nevada Minimum Coverage Car Insurance: Requirements and Costs (November 2024)

Name: Nevada Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Item: Nevada Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Author: Mark Fitzpatrick

Nevada's minimum coverage liability limits are 25/50/20. The average annual cost for state minimum car insurance is $1,049, which is about $87 per month.

By Mark Fitzpatrick

Reviewed by Mark Friedlander

Edited by Rae Osborn

Updated: October 29, 2024

Advertising & Editorial Disclosure

Nevada mandates a state minimum car insurance coverage with liability limits of $25,000 for bodily injury per person, $50,000 per accident and $20,000 for property damage. This aligns with Nevada's status as an at-fault state, meaning the driver responsible for the accident is required to cover the damages incurred.

The monthly cost for the state minimum coverage is around $87. Different factors can affect the actual premium, but starting with the minimum car insurance requirements is essential for legal compliance. For those looking to save, there are options for the cheapest car insurance in Nevada, which can help manage costs while staying protected.

TABLE OF CONTENTS

Nevada Minimum Coverage Requirements
Average Cost of Minimum Coverage Car Insurance in Nevada
Cheapest Companies in Nevada for Minimum Coverage
Add-On Coverages in Nevada
Penalties for Driving Without Insurance in Nevada
FAQ

Why Trust MoneyGeek? MoneyGeek analyzed data from Quadrant Information Services and the Nevada Division of Insurance to give you the most accurate cost data for a range of Nevada drivers.

These rates reflect the cost of minimum coverage car insurance requirements in Nevada as of November 2024.

90,496Quotes Analyzed

67Companies Compared

16ZIP Codes

Nevada Minimum Coverage Car Insurance Requirements

In Nevada, the law requires you to hold minimum coverage auto insurance to operate a vehicle legally. Meeting these requirements is essential for ensuring financial responsibility in the event of an accident.

The state-mandated minimums for car insurance in Nevada include:

$25,000 for bodily injury liability per person
$50,000 for bodily injury liability per accident
$20,000 for property damage liability per accident

As Nevada is a fault state, the driver at fault for causing the accident is responsible for paying the damages sustained by any other parties involved in the collision. In a fault state, your insurance premiums might reflect your driving record, as insurers consider the likelihood of you causing an accident when determining rates. This can influence the cost of your premium, potentially making it more expensive for those with poor driving records compared to no-fault states, where each person's insurance typically pays for their own injuries or damages regardless of who caused the accident.

ARE COLLISION AND COMPREHENSIVE COVERAGE REQUIRED IN NEVADA?

Nevada does not mandate drivers to carry collision or comprehensive insurance; only state minimum coverage is required by law. When financing or leasing a vehicle, lenders often require both collision and comprehensive insurance to protect their investment against damage or loss. In Nevada, those who should consider obtaining collision or comprehensive insurance are drivers who have a financed or leased car or those looking for additional protection beyond the state minimum coverage.

What Does Minimum Coverage Cover?

What Liability Insurance Covers	What Liability Insurance Doesn't Cover
Injuries to others if you are at fault in an accident	Your injuries
Damage to another person’s property if you are at fault in an accident	Damages to your car
Some coverage for injuries caused by uninsured/underinsured drivers, depending on your policy	Repairs for weather-related accidents or if you were hit by an animal
	Property damage caused by uninsured/underinsured drivers unless additional coverage is purchased

The table reflects Nevada's minimum car insurance requirements, including liability coverage. An individual policy's specific terms define coverage details.

Average Cost of Minimum Coverage Car Insurance in Nevada

Determining the cost of minimum coverage car insurance involves several factors, with age being a primary one. In Nevada, drivers aged 22 to 29 face the highest premiums due to a combination of inexperience and a higher likelihood of being involved in accidents.

The table below outlines the average cost of state minimum coverage in Nevada across different age groups. This information can help you understand how age affects insurance expenses, aiding in your search for affordable coverage.


22-29	$1,251	$104
30-59	$1,049	$87
60 +	$1,101	$92

Cheapest Companies for Minimum Coverage Car Insurance in Nevada

If you are looking for affordable minimum coverage auto insurance in Nevada, you have several options. COUNTRY Financial and Mercury are the most budget-friendly.

COUNTRY Financial: $459 per year; $38 per month
Mercury: $503 per year; $42 per month

When selecting the best car insurance in Nevada, consider all available options to make a well-informed decision.

Data filtered by:Results filtered by:

Age Group:

Age Group:30-59


Country Financial	$459	$38
Mercury	$503	$42
Nationwide	$548	$46
Capital Insurance Group	$677	$56
Progressive	$728	$61
Travelers	$782	$65
American Family	$1,037	$86
GEICO	$1,053	$88
State Farm	$1,067	$89
Farmers	$1,229	$102
Kemper	$1,248	$104
Nevada General Insurance	$1,307	$109
CSAA	$1,372	$114
Allstate	$1,543	$129
Dairyland	$2,180	$182

Optional Add-On Coverages in Nevada

Optional add-on coverages in Nevada include comprehensive, collision, uninsured/underinsured motorist, medical payments and rental reimbursement coverages. These options can protect you against a range of incidents — from theft to accidents with uninsured drivers. Understanding how much car insurance you need can help you make informed decisions for safeguarding your vehicle.

Add-On Coverage	What It Covers	What It Doesn't Cover
Uninsured/Underinsured Motorist Coverage	Medical expenses, lost wages and repair costs if you're hit by a driver with no or insufficient insurance.	Damage to your vehicle if you are at fault or damages that exceed policy limits.
Personal Injury Protection (PIP)	Medical expenses, lost income and funeral costs for you or your passengers regardless of who's at fault.	Vehicle damage or injuries to the other driver.
Roadside Assistance	Services like towing, flat tire changes and jump-starts when your car breaks down.	Cost of parts or repairs needed after the tow.
Gap Insurance	Pays the difference between your car's current value and what you still owe if it's totaled or stolen.	Vehicle depreciation or overdue loan payments.
Rental Car Reimbursement	The cost of a rental car while your vehicle is being repaired after a covered event.	Fuel, insurance or other rental extras.
Collision Coverage	Repairs to your car after an accident, regardless of fault.	Damage due to theft, vandalism or natural disasters.
Comprehensive Coverage	Repairs to non-collision damages from events like theft, fire or hail.	Damages from a collision or personal injuries.
Towing and Labor Coverage	Towing and basic roadside-assistance labor costs at the site of your vehicle's breakdown.	More extensive repairs needed at a garage.
Custom Parts and Equipment Coverage	Safeguards aftermarket enhancements like custom wheels or stereo systems.	Original parts that came with your vehicle.
Accidental Death Coverage	Offers a payout if you or a passenger dies or experiences certain injuries in a car accident.	Non-accidental death or injuries.
Classic Car Insurance	Agreed-upon values for your unique vehicle, tailored for vintage or collector cars.	Regular use like your daily commute.

Penalties for Driving Without Insurance in Nevada

The cost of a ticket for driving without insurance in Nevada varies based on whether it's an individual's first offense or a repeat violation. For first-time offenders, punishments typically include fines and other administrative penalties, while those with a history of driving uninsured may face heftier fines and harsher consequences.

Nevada enforces several additional penalties for drivers caught without minimum coverage:

Vehicle impoundment: Your car may be towed and impounded, resulting in extra fees.
Suspension of vehicle registration: Authorities may suspend your registration, requiring payment for reinstatement.
Driver's license suspension: Your license could be suspended, and you will need to pay a reinstatement fee to regain driving privileges.
SR-22 requirement: Filing of an SR-22 form may be needed to prove financial responsibility over a set period.
Jail: If you are involved in an accident while uninsured, you may be jailed for up to six months.

Driving without insurance carries serious risks and consequences, and maintaining at least the state minimum coverage is essential for legal and financial security.

What to Do if Your Policy Is Canceled

After a car insurance policy cancellation in Nevada, drivers should immediately seek new insurance to avoid the legal consequences of driving uninsured. Contacting an insurance agent or exploring other insurance companies is advisable to find a new policy.

The Nevada DMV will be notified of your insurance status. If you're without insurance, the DMV could suspend your vehicle registration, leading to fines and a possible lapse in your driving privileges.

Nevada does not offer a specific program for hard-to-insure drivers, but the Nevada Automobile Insurance Plan can help those unable to find coverage in the standard market. Always ensure continuous coverage to comply with the state's minimum coverage laws. Driving without insurance in Nevada risks severe penalties.

WHY WAS MY POLICY CANCELED?

Your car insurance policy in Nevada may have been canceled for a few reasons:

Non-Payment of Premiums: If you don't pay your insurance on time, your coverage can be canceled.
License Suspension: A suspended driver’s license can lead to cancellation, as you're not legally allowed to drive.
False Information: Providing incorrect information on your application can cause cancellation once discovered.
Too Many Claims: Filing numerous claims in a short period might make your insurer consider you too high risk.
Violation of Terms: If you break the rules of your policy, such as racing or engaging in illegal activities, your insurance can be canceled.

FAQ: Nevada Minimum Coverage Car Insurance

Below are common questions on Nevada's state minimum car insurance requirements.

What is the minimum car insurance coverage in Nevada?

In Nevada, the minimum car insurance coverage requirements are a bodily injury liability of $25,000 per person, $50,000 per accident and $20,000 for property damage liability. This minimum coverage ensures that drivers meet state legal standards to cover the costs associated with damages or injuries they may be liable for in an accident. It's essential to maintain at least this level of coverage to drive legally in Nevada.

Why does Nevada require minimum automobile liability coverage for motorists?

Nevada mandates minimum coverage auto insurance to ensure that motorists can bear the financial responsibility for damages or injuries they may cause in an accident. The coverage helps protect the policyholder, other drivers, pedestrians and property owners from bearing the full cost of accidents.

Do you need comprehensive insurance in Nevada?

In Nevada, you're not legally required to have comprehensive insurance. State law mandates that drivers carry only the state minimum coverage, which includes bodily injury and property damage liability. However, if you're financing or leasing your vehicle, lenders typically require comprehensive coverage to protect their investment. Comprehensive insurance also protects against vandalism, hail and if you hit an animal.

What happens if you drive uninsured in Nevada?

Driving uninsured in Nevada is a serious offense that can result in fines ranging from $250 to $1,000 for the first offense. Subsequent infractions may lead to larger penalties, license suspension and even revocation of your vehicle registration. It's essential to have at least state minimum coverage to drive legally in Nevada. Without it, the financial and legal repercussions can be substantial, including mandatory filing of an SR-22 certificate for up to three years, which can significantly increase your insurance premiums.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

Read Full Bio »