Know the Insurance Requirements in Las Vegas?

Answer 1

If you are a resident of Las Vegas, you must maintain auto insurance coverage at all times on any vehicle that you own. Because car insurance is mandatory in Las Vegas, you can incur stiff penalties if you do not carry at least the minimum coverages required under Nevada financial responsibility laws.

Required Liability Coverage in Las Vegas

Liability is the portion of your auto insurance coverage that is required under Nevada law. This coverage pays for vehicles and other property you damage if you cause a traffic accident. It also compensates pedestrians, passengers and drivers for injuries they sustain in an accident.

Your policy must cover at least $10,000 for damage to property resulting from one accident. It must also cover $30,000 worth of medical expenses caused by an accident, subject to a cap of $15,000 for each injured person.

Liability coverage in Las Vegas does not cover injuries you or any other covered driver sustain in a motor vehicle accident.

Coverage Verification in Las Vegas

The Nevada Department of Motor Vehicles will send you a letter requesting verification of auto insurance coverage if it suspects that you have insurance. If you do not respond to the letter within 15 days, or you cannot provide proof of insurance, the Department will suspend your car registration. Evidence of insurance coverage in a state other than Nevada does not qualify as proof of coverage if you are a Las Vegas resident.

You will have to pay a $250 reinstatement fee if the Department suspends your registration. You may also incur fines, depending on how long you went without insurance coverage. If you were without coverage for six months or more, you will incur a fine of $1,000. Fines are even higher if you are found to be without insurance coverage a second time.

Qualifying Insurance Companies

As a Las Vegas resident, you must maintain a policy issued by a company that is licensed in Nevada. The Nevada Department of Insurance can provide you with a list of licensed insurance carriers.