Most states require you to carry a minimum amount of auto insurance. However, each state differs in its exact insurance requirements.
For example, Nevada requires car owners to maintain an insurance policy with liability limits of:
- $25,000 for bodily injury or death of one person in any one accident;
- $50,000 for bodily injury or death of two or more persons in any one accident; and
- $20,000 for injury to or destruction of property of others in any one accident (property damage liability).
Different Types of Auto Insurance Policies
While some people choose to only buy the bare minimum coverage that is required, there are many different types of coverage that you can purchase to provide you with additional coverage in the event of an auto accident.
Here’s a few of the most common auto coverage options.
A liability insurance policy is required by most states as a requirement to drive a car. Liability insurance may help pay for the injuries and property damage that you cause to another party.
Collision insurance is the type of coverage that will pay for damage to your car after an accident involving another vehicle. Collision coverage often helps to pay to repair or replace a covered vehicle.
Comprehensive insurance provides additional coverage in the event that your car is damaged. It may also cover you for damages that happen in incidents other than collisions, such as vandalism, natural disasters, or accidents involving animals.
Uninsured Motorist Coverage
This type of insurance covers damage to your car and your medical bills if you are hit by an uninsured driver or are the victim of a hit-and-run.
Underinsured Motorist Insurance
Underinsured motorist insurance covers damages when the other driver who is responsible does not have enough to cover all of your costs.
Medical Payments Coverage
Medical payments coverage will help pay medical expenses related to an accident, regardless of who is at fault.
Personal Injury Protection Coverage
This type of coverage pays for certain medical bills and loss of income that is related to a covered accident.
If you experienced a total loss of your car and your auto insurance coverage is not enough to cover the cost of your car loan, gap insurance may help cover the difference.
Experienced Las Vegas Personal Injury Lawyers
If you or a loved one has been in a car accident, you should speak with an experienced personal injury attorney who can help you protect your rights.