Car insurance is expensive in Nevada for a variety of reasons. The state has a high number of car accidents which leads to higher insurance rates. Nevada also has a lot of uninsured drivers which again raises rates.
One of the biggest reasons why car insurance is expensive in Nevada though is because of the state’s insurance laws. Nevada requires that all drivers have liability insurance which covers damages if you’re at fault in an accident. This insurance is relatively cheap but it doesn’t cover your own damages.
For that you need collision and comprehensive insurance which are much more expensive. And if you want to protect yourself fully you need to add uninsured/underinsured motorist coverage which adds even more to your premium.
So if you’re looking for cheap car insurance in Nevada you’re probably out of luck. You can try to get the best rate you can but don’t expect to find rates that are anywhere near as low as they are in other states.
Why is car insurance more expensive in Nevada than in other states?
One of the main reasons is that Nevada is a “no-fault” state.
This means that each driver’s insurance company pays for their own policyholder’s damages regardless of who is at fault.
This system tends to increase costs because insurance companies have to pay out more claims.
In addition insurance companies consider a number of other factors when setting rates such as the driver’s ages and genders the type of car being insured the driver’s zip code and the driver’s credit score.