New Auto Insurance Minimums

In 2017 Nevada legislature passed Senate Bill 308, which will increase the mandatory auto insurance minimums.  Currently the minimums are $15,000 bodily/$30,000 Multiple and $10,000 property.  Starting July 1, 2018 the minimums will be raised to $25,000/$50,000 and $20,000 property.

So we should probably expect car insurance rates to increase for this higher coverage.  Hopefully the costs for the consumers does not jump too high.  Time will tell.  However, those who are injured by an at fault driver will have potentially more money to go after for their injuries and loses.

This is not legal advice. Always seek counsel.