Auto insurance could be an expensive buy for most Americans.By comparison, Nevada had an average premium per vehicle at $913.05 annually.
These figure means that auto insurance is an essential purchase for most consumers. To get the best buy for their money, consumers should take responsibility for their auto insurance purchase and maximize its advantages.When buying auto insurance, it is wise to seek professional advice from an auto insurance agent.
There are quite a number of coverages that can be purchased.
-Bodily injury and property damage coverage (liability coverage) can be purchased as split limit coverage or as combined single limit coverage. These two liability limits for bodily injury and property damage are for split limit coverage of 15/30/10 ($15,000 per person for bodily injury, $30,000 per accident for bodily injury, and $10,000 per accident for property damage) and 100/300/50 ($100,000 per person for bodily injury, $300,000 per accident for bodily injury, and $50,000 per accident for property damage).
The minimum limits of liability required by Nevada Auto Insurance law are 15/30/10. If you decide to purchase the coverage as a combined single limit, the minimum allowable is $40,000 under Nevada law.
-Comprehensive and collision coverage are not mandated by Nevada law and, in most cases, due to the age or condition of the vehicle, may not be available.
However, if your vehicle was bought with borrowed money , your lender may require you to carry this coverage until the loan is paid.
You are not required to carry medical payments or uninsured/underinsured motorist coverage, but all auto insurance companies are required to offer you medical payments coverage of at least $1,000 and uninsured/underinsured motorist coverage in an amount equal to your bodily injury auto insurance coverage.