As of July 1, 2018, Nevada’s minimum motor vehicle liability insurance coverage increased to $25,000 in bodily injury per person, $50,000 in bodily injury per accident, and $20,000 in property damage (“25/50/20”). Of course, one can purchase more coverage protection than the minimum level of coverage required.
Liability insurance coverage protects you only if you are liable for an accident and pays for the injuries to others or damages to their property. It does not provide coverage for you, your passengers who are your resident relatives, or your property. Property Damage coverage is also available but is a separate coverage and is not required by law.
Drivers who want to protect their vehicles against physical damage can purchase collision and comprehensive coverage. Collision coverage is for damage to your vehicle resulting from a collision, regardless of who is at fault. It provides for repair of the damage to your vehicle or a monetary payment to compensate you for your loss.
Comprehensive coverage insures you against theft or other damage to your vehicle resulting from causes other than collision. Other causes may include damage from wind, falling objects, fire, flood or vandalism.