Has your Insurance Policy Premium gone up?

//Has your Insurance Policy Premium gone up?

Has your Insurance Policy Premium gone up?

Have you noticed your Nevada Auto Insurance premium increase? We may have a couple answers to your insurance questions. Since 1981, Nevada drivers have been required to carry auto liability insurance in the amount of $15,000 in bodily injury per person, $30,000 in bodily injury per accident, and $10,000 in property damage (“15/30/10”). In the 2017 Legislative Session, Senate Bill 308 was passed, increasing the minimum motor vehicle liability insurance coverage to $25,000 in bodily injury per person, $50,000 in bodily injury per accident, and $20,000 in property damage (“25/50/20”). Nevada drivers who currently have limits lower than 25/50/20 will be required to purchase the 25/50/20 minimum liability coverage by July 1, 2018 to ensure that they are in compliance with Nevada law avoid penalties.

In addition to the required insurance above, Nevada drivers can purchase Uninsured/Underinsured Motorists (“UM/UIM”) coverage on an optional basis. Nevada law requires an insurance company to offer this protection at a level no less than the minimum liability limits. With the change in liability limits to 25/50/20, effective July 1, 2018, Nevada drivers who have purchased UM/UIM in the amount less than 25/50 will have to re-select (or reject) the UM/UIM coverage.

Many Nevada drivers can expect a change in their auto insurance premiums because the higher limits requirement (for both liability coverage and UM/UIM coverage) results in a higher risk exposure for the insurance companies.  In preparation for the changes to the law, the Division of Insurance has received and approved rate proposals from several auto insurance companies. Some companies have stopped offering the 15/30/10 limits and have begun transitioning their policies to the 25/50/20 limits at renewals of the policies.

We highly encourage Nevadans to review their auto insurance policies and selected limits, and contact their insurance agent or company to determine what coverages and limits are best for them. Here at Capital Insurance Service, formerly Capital Insurance Service, we handle over 20 different insurance companies, we shop for the accurate rate that best fits your needs.

By |2018-08-20T15:14:26+00:00March 9th, 2018|
Angel Carranco Ibanez
Angel Carranco Ibanez
00:33 04 Jan 18
The service that the staff here at Capital Auto Insurance offers is beyond amazing! The agents are all trained to answer any question I may have in regards to my insurance policy coverages. My entire family is insured through them because they have been able to shop around for us with different companies that they have, so they have been saving us all money in our insurance! They also have Income tax preparation services and they provided a discount to us because we are current clients! Briana, the tax preparer was awesome, she’s knowledgeable and nice! Thank you for all you do I really appreciate it.
Edgar guico
Edgar guico
18:21 16 Apr 18
Great service! Agent Paola helped me out they were the best price around!! I highly recommend!
King Me
King Me
00:07 20 Jan 18
Thanks for helping me out setting up my auto insurance policy! It was quick and cheap! I recommend them. The agent Paola helped me out today.
alexus martinez
alexus martinez
17:09 18 Apr 18
Great service! They were the cheapest insurance based on my age i couldnt find anything cheaper. Thank you!
Henry Muller
Henry Muller
21:49 20 Jul 17
My parents have insurance at this agency for over 5 years now, the service that they offer here exceeds my expectations. I became able to drive a couple of years back and The Agents at Capital Auto Insurance applied all the discounts possible to my parents policy so that the price didn't go out the roof! They took the time to help us complete some steps to become paperless on our document delivery options which gave us extra discounts! Stephanie the manager, is always nice and she's always making sure that the agents are helping the customers with their needs, Paola is the agent that usually helps me, she's awesome! and when we just go to make a payment Yesenia the receptionist is always welcoming clients with a big smile. Thank you guys for all you do!
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