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Nevada Auto Insurance Quotes

If you wish to find up-to-date information on the auto insurance rates in Nevada and if you are shopping around for auto insurance, then you have come to the right place. All motorists are required to carry some minimum auto insurance coverage. Auto insurance is mandatory in all states in the US. However, the minimum requirement will vary from one state to another. It is important to know more about the rules and regulations that prevail in the state of Nevada before you decide to purchase auto insurance. Coverage is very important as you can drive around legally and if you are caught driving around without insurance, you could face serious consequences.

The easiest way to prove financial responsibility is by purchasing auto insurance in Nevada through an authorized auto insurance company.

Nevada Liability Insurance Requirements

Liability insurance is the only way to establish financial responsibility for most drivers in Nevada.  You can show proof of self-insurance, but this only applies to people who own 11 or more vehicles).  For people who own fewer than 11 vehicles, liability insurance coverage must be maintained on all registered vehicles.  This insurance required whether the vehicle is being used or not.  The minimum liability insurance coverage requirements in Nevada are $15,000 for bodily injuries for one person in one accident, $30,000 for all bodily injuries in one accident, and $10,000 property damage per accident.  The provider of the insurance policy must be licensed to do business in Nevada.

Nevada Proof of Insurance

Nevada ensures that vehicles are insured with the use of the Insurance Verification Program.  Under this program, insurance companies send monthly reports to the Department of Motor Vehicles.  These reports contain information on all new policies and policy terminations that have been processed that month.  Based on these reports, the DMV may flag certain vehicles as possibly being uninsured.  The DMV will send the drivers of these flagged vehicles verification requests, which must be completed within 20 days.  In order to complete this form, you must provide your name, insurance policy number, name of the insurance company, and VIN of your vehicle.  After this information is verified, the DMV will inform you that the matter has been closed.

If you do not show proof of insurance within the 20 day period, your vehicle registration will be suspended.  If your registration is suspended due to what you feel is an error, an appeal is possible.  You must contact the Office of Administrative Hearings to request a hearing regarding your suspended registration.

Failure to Maintain Insurance Coverage

If you do not have proof of insurance or any insurance coverage at all, your vehicle registration will be immediately suspended.  In order to reinstate your registration, you must obtain liability coverage and pay a $250 reinstatement fee.  If you let your insurance lapse because your vehicle was being repaired and was not being used on the roads, you can fill out a Dormant Vehicle Affidavit.  This affidavit can be submitted, along with proof of dormancy (such as receipts for the repairs), to the DMV.  The reinstatement fee drops to $50 from $250 if you submit this affidavit along with proof of dormancy.

Procedure To Reinstate Your Vehicle Registration

You may reinstate the registration through fax, mail, or submit it in person at the DMV office. You may also use the services at the self-service kiosk at any DMV location or you can fill up the Insurance Verification Reinstatement form and submit it online. But you can avail these options only if you meet the necessary requirements.

  • The suspension notice that you have must include the barcode or access code.
  • The new insurance coverage information is sent to the DMV system by your insurance provider and this could easily take up to a month.
  • If the vehicle registration had actually been suspended. Sometimes there may be a gap of a couple of months between the lapse in insurance cover and the actual suspension.

It is physically impossible to go to auto insurance companies and obtain quotes or submit application forms. The easiest way to shop for the best rates is by going online. There are a number of auto insurance providers online. You can visit the relevant websites of that particular insurance company or you can obtain different auto insurance quotes from a single website such as this one. Then you can shop for insurance by comparing quotes from multiple insurance providers. After you have compared the quotes you can choose the best policy to suit your individual requirements. Sometimes, just the minimum coverage may not be sufficient and you might have to purchase extra coverage.

However, before you can purchase any extra coverage you must evaluate the worth of your vehicle and avoid purchasing extra coverage unnecessarily. You could contact your insurance agent for further clarifications.

Factors That Affect Auto Insurance Rates

Insurance companies use complex calculations to determine the auto insurance premiums. They take a number of factors into consideration while calculating the premium costs. While many people are aware of some of these factors, there are a number of factors that people are unaware of.

The individual's driving record is of utmost importance. Having a good driving record has its advantages. If you have a squeaky clean driving record, you can easily avail the best rates. However, if the driving history involves accidents, claims, violations etc., then you could be charged a higher rate.

The number of claims you have submitted will have a bearing on the auto insurance rates. Even if the claim made was very small, it will still be an indicator that you pose a certain amount of risk to the insurer. Even if you have been involved in one accident, you will end up paying for it by way of higher premiums for the next three years. You may ask your insurer if they have a forgiveness policy. There are some insurers who will reduce the premiums if it was the first incident and if you have had a clean record otherwise. There are a number of factors other than this and you can check with your insurance provider and get the details.