How long does an accident affect your insurance rates in Las Vegas Nevada?

Ray

Las Vegas, NV

As part of the rating system and to provide you an accurate Las Vegas quote for your insurance rate the Division of Insurance permits insurance carriers to request information on the description of your car, its use, your motorist license number, number and ages of motorist in your household, the coverage and limits you want and what tickets and accidents you have had in the last 3 to five years.

From this Division of Insurance information it would appear that insurance providers in Nevada can rate on accidents for a period of three to five years. The length of time that the accident will affect your insurance rates will likely depends on the type of accident you were in and your individual insurance provider’s rating system. You should be able to verify the rating system from your broker or from contacting the NV DOI since Las Vegas insurance companies file their rates with this state agency.

Hi, I need to know if there really is a special law here in Nevada wherein I would have to show the title of my car in order for me to get my car insured.

Brenda Johnson

Las Vegas, NV

Insurance companies do not necessarily require you to show the title of your car but they may require you to show that you have insurable interest (Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.) Many people do not have the car’s title since we have vehicle loans and leases which would be under lien holders who hold on to the vehicle’s title until they pay it off.

The guidelines for insurance companies vary, but in general if you apply for automobile insurance in any insurance company, the information you need to bring will always be the same no matter where you are, (including Las Vegas, Nevada.) Commonly, the items are Driver’s License Numbers for all drivers, Social Security Numbers for all drivers (if applicable), and Credit card and checking account information (if applicable). You will need to answer general questions and some information regarding the other drivers that may be driving your vehicle, the regular passengers of your vehicle, your history on any violations, the type of coverage you want to get, and the account setup.

Car insurance companies will usually ask for your vehicle’s current registration as proof. It would help to prove that you have insurable interest in your car with the registration. Having an insurable interest in something means that loss or damage to it would cause one to suffer a financial loss.

I have collision and comprehensive on my vehicle and last week my car was stolen in a different state, I am wondering if my vehicle will be covered in Las Vegas.

Lee

Las Vegas NV

If your vehicle was stolen, you may verify with the terms of your car insurance policy and information why your vehicle is out of state.

If you are just visiting out of state then normally yes, your car insurance will cover your stolen car under your comprehensive coverage. I suggest that you contact your car insurance carrier to make a car insurance claim and inform them that your vehicle was stolen while you were out of state.

Whatever the reason why your stolen vehicle is out of state, you still need to contact your car insurance carrier in Las Vegas Nevada to see if you could make a car insurance claim on the stolen car under your comprehensive coverage. The claim adjuster will be able to tell you if the car insurance claim will be accepted or denied.

How will an auto accident increase my car insurance premiums?

Cecille

Thank you for asking Cecille.

The state of Nevada requires all registered motor vehicles to be covered with a minimum liability insurance coverage of

$15,000 for bodily injury or death of one person in any one accident
$30,000 for bodily injury or death of 2 or more persons on any one accident; and
$10,000 for damage or destruction of property of others in anyone accident is mandated.

This coverage must be reported by an insurance providers authorized to do business in the state of Nevada.

From this Department Of Insurance information it would seems that insurance providers in Nevada can rate on accidents for a period of 3 to 5 years. It will affect your insurance rates depending on your individual insurance company’s rating system and the type of accident you were in. You may be able to get more information regarding the rating system from your agent or from contacting the NV DOI since insurance carriers file their rates with this state agency.

Goodluck!

MariCAR