Choosing car insurance in Nevada often comes down to full coverage or liability insurance. Full coverage, which includes collision and comprehensive insurance, protects your vehicle against a wide range of incidents, from accidents to theft. On the other hand, liability insurance is required by Nevada law and covers damages and injuries you cause to others but not to your own vehicle.

In this guide, we will help you understand the benefits and considerations of each type, assisting you in making an informed decision. Understanding your choices is essential to getting the right protection, whether you’re a new resident or considering changing your policy.

Nevada’s Car Insurance Requirements

State law dictates that auto insurance coverage in Nevada is Mandatory. The vehicle must have an insurance policy with at least the minimum liability coverage of 25/50/20 to provide financial protection in the event of a car accident.

Your insurance company should provide up to $25,000 for bodily injury per person and $50,000 for all injuries in a single accident. An additional $20,000 covers property damage from a car accident. Failing to maintain this coverage results in penalties without any exceptions.

To ensure compliance with these requirements, Nevada employs its advanced NV LIVE system, confirming the active status and sufficiency of your Nevada auto insurance coverage. Carrying proof of insurance is essential every time you drive or use digital navigation on state roads.

Full Coverage vs Liability Insurance: Key Differences

Insurance coverage

When choosing between full coverage and liability insurance for your vehicle in Nevada, it’s important to understand the key differences to ensure you’re adequately protected. Both types of insurance cater to specific needs and financial situations, and selecting the right one can significantly impact your peace of mind and wallet in an accident.

Liability Insurance

This is the minimum coverage required by law in Nevada and most other states. It covers damages to other people’s property and injuries in an accident where you are at fault. In Nevada, the minimum liability coverage required includes specific amounts for bodily injury per person, bodily injury per accident, and property damage. However, liability insurance does not cover your own injuries or damages to your vehicle. If the damages exceed your coverage limits, you could be responsible for paying the difference out of your own pocket.

Full Coverage Insurance

Unlike liability-only insurance, full coverage includes liability coverage but adds collision and comprehensive insurance. Collision coverage pays for damage to your vehicle in the event of an accident involving another car or an object, regardless of fault.

Comprehensive coverage covers damage to your car from non-collision events such as theft, fire, or natural disasters. Lenders typically require full coverage if you’re financing or leasing a vehicle, and it is advisable if you own a new or high-value car.

Cost Comparison

Generally, full coverage insurance costs more than liability insurance due to its broader protections. However, the peace of mind that comes from knowing that you are protected against a wide range of incidents might justify the higher price.

Legal Requirements and Additional Coverage Options

Nevada requires drivers to carry proof of insurance, typically your insurance card, and imposes stiff penalties for driving without valid insurance, including fines and possible reinstatement fees if your driver’s license is suspended.

Beyond the required coverage, insurers offer additional options like medical payments coverage, personal injury protection (which covers medical expenses and lost wages), and property damage coverage, which can augment your financial safety net.

Whether driving to the Las Vegas Strip or commuting in suburban Nevada, understanding the distinctions between full coverage and liability insurance helps you make an informed decision tailored to your needs. Consulting with a local insurance agent can provide personalized insights and help you navigate the specifics of Nevada auto insurance requirements.

Full Coverage vs Liability

In Nevada, driving without adequate insurance can result in penalties. If you’re caught without insurance, the consequence depends on whether it’s your first, second, or subsequent offense.