Nevada auto insurance rates are based on many factors. The first is people are driving more miles. In 2015, people drove 3.15 trillion miles, a 3.5% increase which is the highest annual increase in 25 years. This leads to more accidents and is reflected in increased claims severity and frequency.
Another cause is distracted driving is on the rise causing an increase in auto accidents, including fatalities. The National Safety Council estimates that one in four crashes involved cell phone use.
Furthermore medical costs are growing exponentially, affecting the amount paid on claims (over the last decade, bodily injury claim costs rose by 42%. Higher loss trends in the auto industry are the main contributors to this rate need (14% year over year increase.
Since many Nevada auto insurance companies are increasing rates it is strongly recommended that consumers shop with an independent auto insurance agent or broker. An auto insurance agent or broker does not represent just one company, but several companies. At Insurance Group of Nevada we analyze your current policy to determine additional savings and discounts that were not applied to your auto insurance policy.
Contact Dante Thompson at Insurance Group of Nevada today. The telephone number is 702-996-6434 x1000