Why is car insurance so expensive in Las Vegas? Effective July 1, 2018 Nevada liability insurance limits are increasing to $50,000 each accident, this is up from $30,000. Some customers may expect a $300 increase, or an additional $30-$40 per month.
Why is it recommended to have higher liability insurance limits? To begin you would want to protect any assets that you have. Assets could include retirement savings, your home, your car, inheritance, wages, expensive items that you may own and could be sold for cash.
Physical damage coverage pays to have your car repaired after a covered accident. If the red pickup truck is found to be negligent physical damage would be needed to replace the red truck.
When your policy is due for renewal it is recommended that you consult with your independent insurance broker. Your insurance broker can shop many companies, not just one.
The picture depicts an actual accident that occured in Las Vegas on January 30, 2018 at approximately 2:00pm.