Rates for auto insurance in Nevada are somewhat higher than the national average for 2011, which is $1,440 as compared to the Nevada average of $1,560

Annual Changes

Rates fell 12% in 2011 compared to the same period in 2010 and the same is true between 2009 and 2010. Insurers in Nevada set their own rates without state or industry regulations and it is not possible to predict whether rates will continue to drop at the same pace in the future. As annual premiums can easily change during the course of a single year, drivers are advised to check our site for Nevada rate information in order to make sure that they pay the lowest possible prices for coverage.

Seasonal Changes

Annual premiums in Nevada rose and fell quite often in 2010, with a reduction in March being followed by stabilization until the summer when rates dropped quite substantially. After August, rates rose and stabilized once again, but at a lower level compared to the highs of the beginning of the year and the spring months. Insurance rates in Nevada are subject to rapid change, so that frequent multiple quotes should be obtained along with up-to-date rate information.

Insurance Requirements

Nevada minimum mandatory requirements include personal liability coverage of $15,000 per person and $30,000 limit per accident, along with a $10,000 property damage liability limit. However, Nevada is a tort system state, where one party must be judged responsible for any accident. The responsible party is then held liable for the entire cost of the accident. Higher limits are therefore recommended to protect assets in the event of a lawsuit. Coverage to protect against damage caused by an uninsured or under-insured driver is available in Nevada and it is usually recommended, especially because the minimum state requirements are quite low.

Advice for Getting the Best Deals

Nevada drivers can choose between policies offered by national and regional auto insurers. There is no way to determine which firm or type of firm offers the best rates as premiums offered by different companies can be lower for particular drivers or cars. Experts recommend obtaining multiple quotes from reliable insurance companies which are rated A or higher by A. M. Best. In addition, it is advised to check J. D. Power ratings for consumer service related information.

This site is the top resource for Nevada consumers who are advised to check back often for timely insurance news and multiple quotes that help them get the lowest possible auto insurance rates.