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Nevada Law
Nevada does not require drivers to have uninsured motorist coverage, but that doesn't mean you shouldn't get it. Learn more.
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No, uninsured motorist insurance is not a requirement in Nevada.
However, while Nevada law does not enforce a legal obligation to carry uninsured coverage, insurance companies, attorneys, and other drivers strongly recommend adding it to your auto insurance policy.
While not requiring uninsured/underinsured motorist coverage, Nevada law requires drivers to have a minimum amount of liability coverage.
In accordance with NRS 485.185, the Nevada minimum coverage requirements are:
This minimum bodily injury liability coverage is often referred to as 25/50/20 coverage, and it's meant to financially and legally protect a driver in the event they are the at-fault driver in a car accident.
Uninsured motorist coverage is a type of auto insurance coverage that financially protects a driver in the event of a car accident with an uninsured driver.
Without uninsured/underinsured motorist coverage, a driver who is involved in an accident with an uninsured driver may lack the safety net needed to cover injuries, medical expenses, lost wages, and car repair costs.
While it might seem like a good idea financially to skip adding UIM coverage to your insurance company policy, doing so can leave you financially vulnerable to an uninsured/underinsured driver, resulting in you being left with expensive medical bills and mounting lost wages, which could cause financial ruin.
In summary, UIM coverage protects you financially against the damages uninsured motorists may cause, and it's highly recommended that you speak with your insurance carrier and purchase uninsured motorist coverage.
Along with having the minimum coverage limits, uninsured motorist coverage pays for any economic damages caused by accidents involving uninsured motorists.
In Nevada, a rundown of how UIM coverage operates is:
Uninsured drivers are a growing problem in Nevada, so it is vital that you look into expanding your minimum bodily injury liability insurance to better protect yourself.
While UIM coverage provides numerous benefits that help financially protect you and your family, there are noticeable drawbacks to adding such insurance coverage to your policy.
Adding UM coverage to your policy will increase your monthly insurance premiums, and while the cost is typically modest, it can still be a financial burden.
UM coverage will usually only cover bodily injury and sometimes provide property damage coverage.
This means non-economic damages such as pain and suffering and loss of consortium may not be able to be sought in a UM claim.
The cost of UM coverage varies among providers, and it's crucial that you understand the prices that apply to you so you can budget correctly for the additional insurance cost.
GEICO provides one of the lowest UM coverage rates at around $30 to $70 per year to your policy.
State Farm has a slightly more expensive rate, ranging from $50 to $100 per year.
Progressive offers UM coverage at around $40 to $90 a year.
When it comes to UM insurance, Progressive offers a vast amount of options, so it's important you review each carefully to find the one that best works for your financial situation.
Allstate has one of the most expensive UM coverage costs at around $60 to $120 per year.
However, their comprehensive customer service and additional coverage options may compensate for the price.
USAA is exclusive to U.S. military members and families and offers UM insurance for around $40 to $80 annually.
Farmers' UM coverage costs around $50 to $110 a year and can fluctuate based on the policyholder's specific needs.
Whether you were in a motor vehicle accident with an uninsured or insured motorist, it's vital you contact a Las Vegas car accident to assist in your legal needs.
When looking for a law firm to help you, there is no better choice than The Rodney Okano Car Accident Lawyer Law Firm; with over 20+ years of experience, Personal Injury Lawyer Rodney Okano has the skills and legal knowledge to win your case.
Don't let the Nevada statute of limitations ruin your car wreck case, and contact Attorney Rodney Okano today by calling (702) 566-3600.
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