1b – Car Insurance & Registration

My Dasboard Part 1- Drivers Ed Lesson 1 – General Laws 1b – Car Insurance & Registration

5 Things People Don’t Know to Add to Nevada Car Insurance

1b – Car Insurance & Registration

REGISTRATION"

Emission Control Vehicle Inspection Report (Smog Check).

A passing Vehicle Inspection Report is required in Clark and Washoe counties for most gasoline-powered vehicles of the model year 1968 and newer.

The following vehicles are exempt:

Motorcycles,
New vehicles on their first or second registration (in any state),
Hybrid-electric vehicles that are up to five model years old,
Alternative-fueled vehicles (compressed natural gas or propane)
Restored vehicles that are driven less than 2,500 miles annually and registered with special license plates.

A passing Vehicle Inspection Report is required in Clark and Washoe counties for diesel-powered vehicles of the model year 1968 or newer with a GVWR of 14,000 lbs. or less.
New vehicles are exempt on their first or second registration (in any state).

Nevada Car Insurance Minimum Requirements

Nevada car insurance law requires all drivers to carry liability insurance and validates all drivers’ insurance with an online verification system.

Drivers who do not have valid auto insurance are subject to fines and other penalties. Liability insurance pays for damage to another driver’s car and any injuries resulting from a car accident for which you are found at fault.

Most insurance companies offer higher coverage limits for more protection. Ask your insurance agent for car insurance quotes of different limits to find the best plan for you.

Nevada requires that automobile liability insurance policies carry minimum coverage of

a) $25,000 for bodily injury or death of one person in any one accident,

b) $50,000 for bodily injury or death of two or more persons in any one accident, and

c) $20,000 for injury to or destruction of property of others in any one accident. Coverage must be reported and provided by an insurance company authorized to do business in Nevada.

Auto insurance companies commonly list these limits as “25/50/20″ (the previous minimum until July 1st, 2018 was 15/30/10).

Typical Components Of An Auto Insurance Policy

If you’re buying a new car or shopping for auto insurance, you’ll likely need to understand the common types of coverage available on a car insurance policy. The various types of car insurance coverage are available to help protect you, your passengers, and your vehicle if you’re involved in a car accident.

Six common car insurance coverage options:

Auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage, and personal injury protection. Depending on where you live, some of these coverages are mandatory and some are optional. Understanding what’s required in your state and what each helps cover can help you choose the right coverage for your situation.

1. LIABILITY COVERAGE

Auto liability coverage is mandatory in most states. Drivers are legally required to purchase at least the minimum amount of liability coverage set by state law. Liability coverage has two components:

Bodily injury liability may help pay for costs related to another person’s injuries if you cause an accident.
Property damage liability may help pay for damage you cause to another person’s property while driving.

2. UNINSURED AND UNDER-INSURED MOTORIST COVERAGE

If you’re hit by a driver who doesn’t have insurance, uninsured motorist coverage may help pay for your medical bills or, in some states, repairs to your vehicle. If you’re hit by an underinsured driver, that means they have car insurance but their liability limits aren’t enough to cover your resulting medical bills. That’s where underinsured motorist coverage may help.

Uninsured and underinsured motorist coverage is required in some states and optional in other states.

3. COMPREHENSIVE COVERAGE

Comprehensive may help cover damage to your car from things like theft, fire, hail, or vandalism. If your car is damaged by a covered peril, comprehensive coverage may help pay to repair or replace your vehicle (up to the vehicle’s actual cash value). This coverage has a deductible, which is the amount you’ll pay out of pocket before your insurer reimburses you for a covered claim.

Comprehensive is typically an optional coverage — but your lender may require it if you’re leasing or paying off your vehicle.

4. COLLISION COVERAGE

If you’re involved in an accident with another vehicle, or if you hit an object such as a fence, collision coverage may help pay to repair or replace your car (up to its actual cash value and minus your deductible).

Collision coverage is typically optional. It may be required, however, by your vehicle’s leaseholder or lender.

5. MEDICAL PAYMENTS COVERAGE

If you, your passengers, or family members who are driving the insured vehicle are injured in an accident, medical payments coverage may help pay for costs associated with the injuries. Covered costs may include hospital visits, surgery, X-rays, and more.

Medical payments coverage is required in some states and optional in others.

6. PERSONAL INJURY PROTECTION

Personal injury protection, or PIP, is only available in some states. Like medical payments coverage, PIP may help pay for your medical expenses after an accident. Also, PIP may help cover other expenses incurred because of your injuries — for example, child care expenses or lost income.

Personal injury protection is required in some states and optional in other states where it’s available

Through the use of computer programs in partnership with licensed Nevada insurance companies, the DMV has been very successful in identifying registration records where insurance has been terminated or had a lapse in coverage. If your registration is suspended for a lapse of insurance and no new coverage for that time frame has been obtained, you will be required to pay a reinstatement fee and applicable fines (starting at $250 and totaling up to $1,750) for each registered vehicle covered by that

insurance. Additional penalties may include an SR-22 and/or a 30-day suspension of your driver’s license.

What is a deductible?

Your auto insurance deductible is the amount of money you must pay out-of-pocket before your insurance compensates you. A deductible only applies to Collision and Comprehensive coverage.

For example, You have a Subaru Outback that has Collision Coverage with a $1,000 deductible. You rear-end another driver, meaning the fault is yours and your Subaru is damaged. The insurance pays for the other car damage. You take your Subaru to the body shop and the total cost to repair all the damage is $6,500. In this scenario, you would pay the body shop $1,000. This is your deductible. Once you have met your $1,000 deductible the insurance company will pay the remaining $5,500 to the body shop.

How does my deductible affect the cost of my insurance?

Generally, the lower your deductible, the higher the cost of your insurance will be. The higher your deductible is, the lower the cost of your insurance will be. This is because the insurance company is assuming more or less liability for repair costs.

How do I buy auto insurance?

When buying insurance, the Division of Insurance recommends that you seek the advice of a qualified insurance professional. There are three types of professionals that typically sell insurance:

Independent agents: can sell insurance from multiple unaffiliated insurers.

Exclusive agents: can only sell insurance from the company or group of companies with which they are affiliated.

Direct writers: are insurers that do not always use agents as intermediaries; instead, some of their employees are licensed as agents in Nevada and are authorized to sell insurance.

Regardless of what type of professional you choose to use, it is important to confirm that they are licensed to conduct business in the State of Nevada.

Remember – Always verify that an insurance company or agent is licensed before giving them personal information or payment.

Cost of Insurance

Insurance companies look at a number of different factors when determining the cost of your insurance. These factors include, but are not limited to:

Driving record
Claims history
Where you live
Gender and age
Marital Status
Make and model of your vehicle
Credit

Your Policy

The DMV’s Nevada LIVE program helps keep uninsured motorists off the road. The DMV validates the insurance coverage on every vehicle registered in Nevada on a continual basis. It is important that you provide an accurate policy.
You or your agent should update your insurance information with the DMV anytime you make a change to your policy, especially if the policy number has changed. You may receive a verification request if you don’t.

What Is No-Fault Insurance (Aka Personal Injury Protection Or PIP Insurance)?

No-fault insurance is a type of car insurance coverage that helps pay for your and your passenger’s medical bills if you’re injured in a car accident, regardless of who caused the accident. No-fault insurance is also called personal injury protection, or PIP insurance.

PIP is not available in all states AND IS NOT AVAILABLE IN NEVADA but it is required in some and optional in others. See below for a complete list of states that require or offer no-fault insurance.

Beginning in the 1970s, many states passed legislation to introduce “no-fault” auto insurance. According to the Insurance Information Institute (III), the goal was to simplify the process of determining which driver is responsible for an accident. This type of insurance is called “no-fault” because your own policy helps cover your medical expenses after a car accident, regardless of whose fault the accident was.

Get insurance before you register your vehicle.

You must show your Nevada Evidence of Insurance card at registration. You must carry the card and your Certificate of Registration in the vehicle at all times.
In Nevada, all motorists must comply with mandatory insurance and financial responsibility laws. Nevada law establishes minimum amounts of liability insurance that you must carry when you drive or own a vehicle. You are required to carry proof of liability insurance in your vehicle.

Out of state insurance is not accepted. Use the following services to ensure your company and/or agent are licensed in Nevada.

If the DMV cannot verify your liability insurance coverage, there are several steps in a process that may lead to a suspension of your vehicle registration and a possible citation by law enforcement.

See Financial Responsibilities in Lesson 10 – Accidents

Contact the DMV

Department of Motor Vehicles
Nevada LIVE
555 Wright Way
Carson City, Nevada 89711-080

(775) 684-4850 Reno/Sparks/Carson City
(702) 486-8696 Las Vegas Area
(800) 344-0483 Rural/ Toll-Free
(775) 684-4904 TDD (Hearing Impaired only)
(775) 684-4543 Fax (Nevada LIVE only)

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Part 1- Drivers Ed

1b – Car Insurance & Registration

1b – Car Insurance & Registration

REGISTRATION"

Emission Control Vehicle Inspection Report (Smog Check).

Nevada Car Insurance Minimum Requirements

Typical Components Of An Auto Insurance Policy

Six common car insurance coverage options:

1. LIABILITY COVERAGE

2. UNINSURED AND UNDER-INSURED MOTORIST COVERAGE

3. COMPREHENSIVE COVERAGE

4. COLLISION COVERAGE

5. MEDICAL PAYMENTS COVERAGE

6. PERSONAL INJURY PROTECTION

What is a deductible?

How does my deductible affect the cost of my insurance?

How do I buy auto insurance?

Cost of Insurance

Your Policy

What Is No-Fault Insurance (Aka Personal Injury Protection Or PIP Insurance)?

Get insurance before you register your vehicle.

Contact the DMV

The button “Mark this topic as complete” will be unlocked (green)Click on it before changing the page.

The button “Mark this topic as complete”
will be unlocked (green)
Click on it before changing the page.