Nevada Insurance Requirements & Rates

Nevada requires minimum liability coverage of 25/50/20 (bodily injury per person / per accident / property damage). Nevada is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Nevada homeowners face risks from wildfires, earthquakes, flash flooding, extreme heat. The flood risk level is moderate and earthquake risk is high. Standard deductibles apply. The average annual home insurance premium is $1,272.

Nevada requires all motorcycle riders to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is year-round.

Yes, workers' compensation insurance is required in Nevada. Sole proprietors and partners may opt out. Nevada has approximately 300,000 small businesses, with top industries including Tourism & Gaming, Mining, Technology.

Yes, Nevada has expanded Medicaid. The state has its own state-based health insurance marketplace at https://www.nevadahealthlink.com. The uninsured rate is 11%.

Yes, landlords in Nevada can require tenants to carry renters insurance as a condition of the lease. About 44% of Nevada residents are renters, with average monthly rent of $1,250.

With a median household income of $63,276, most Nevada families should consider 10-12x their annual income in life insurance coverage. Currently, 47% of Nevada households have life insurance.