All you need to do is take a few minutes, go online, and compare quotes. Up to 10 rates can be compared in a few minutes. Let’s take a look at the basics of Nevada insurance and some tips that could save you hundreds on your premiums.
Auto insurance rates in Nevada fluctuate wildly based on many factors, such as a person’s age, location, and the car they drive. The largest and most famous city in the Silver State is Las Vegas. For many years, Las Vegas was the fastest growing city in the US and this of course led to traffic jams and, you guessed it, increased accident rates. Consequently, the premiums in Las Vegas are higher than in most other cities in the state. Another major reason for higher coverage costs is the current problem with drunk drivers.
Las Vegas has no restrictions on purchasing alcohol and some estimates show that around 40% of motorists between the hours of 10 pm and 5 am are under the influence of drugs or alcohol. This causes more accidents per person than other, more rural areas, and insurers have increased rates for city Las Vegas residents. About 50% of Nevada’s fatal motor vehicle crashes are alcohol related. If you live in Las Vegas, a simple tip to get cheap auto coverage is to never get behind the wheel after consuming alcohol.
Military members and their families can save big at Nevada Insurance
Most people only think of Las Vegas as a party town, but it is also home to Nellis Air Force Base and the UFO crowd, Area 51. Nellis has thousands of workers and they can qualify for deep discounts from insurers like USAA and Geico. . USAA has some of the lowest rates anywhere for active duty military personnel and their families. Based on several rate sampling tests, USAA produced the cheapest Las Vegas insurance premiums for active duty military. Geico also gives deep discounts to anyone on the service and even veterans. The famous Geico website not only allows you to get free quotes, but you can also buy and manage a policy online. If you’re not in the service don’t worry. There are many other discounts that you can probably qualify for.
Nevada Teen Car Insurance Rates
As you might suspect, teens are charged heavily for insurance coverage in Nevada and even more so in Las Vegas. The statistics simply don’t lie and many teens engage in risky behaviors like texting while driving and even surfing Twitter or Facebook. This has caused an increase in accidents and insurers have been forced to raise prices to insure teens in Nevada. This is unfair to all responsible teens who are careful drivers, but the reality is that younger drivers will pay twice as much for auto insurance until they reach age 25.
Auto Insurance Fraud in Nevada
A big reason auto insurance costs so much in Nevada is the high rate of insurance fraud in the state. Every year, insurers lose billions of dollars due to these unethical schemes. Fraud includes brokers who are not even licensed to sell bogus policies, fake or fake car accident and bogus injury claims. These are just a few of the many methods criminals use to perpetuate insurance fraud. If you suspect fraud, call your state insurance commissioner and report it immediately. Not only will you be doing the right thing, but you’ll also help keep rates lower for all drivers.
