Auto insurance premiums continuing to rise in Nevada

LAS VEGAS (KTNV) — You is perhaps asking your self why your auto insurance coverage premiums are so excessive.

If that’s the case, you are not alone.

In line with Bankrate.com, Nevada has one of many highest annual premiums within the nation paying nearly $800 extra per yr for full protection automobile insurance coverage than the common U.S. driver.

Insurance coverage consultants say it is on account of our state’s excessive car theft charges – particularly in Las Vegas.

Native resident Ariel Schnyder stated she filed a police report after discovering her automobile was stolen from her driveway early Wednesday morning.

“Our neighbor advised us it was lacking by 3:30 within the morning when she took her canines for a stroll,” Schnyder stated.

She lives within the Summerlin space and stated she went on the group app Nextdoor and observed different neighbors had been reporting their automobiles had been stolen too.

Schynder stated her household fortunately has a further car however now, it needs to be shared along with her husband so he can get to work.

She’s simply hoping her auto insurance coverage firm will not enhance her annual premium.

“I have never seen any adjustments with my insurance coverage costs simply but,” Schnyder stated.

The Nevada Division of Insurance coverage stated not all premiums will enhance when you file a declare and that all of it is dependent upon your supplier and the circumstances surrounding a automobile theft.

Some auto insurance coverage businesses might minimize you a test for the worth that your automobile is value if it is by no means recovered and that is if in case you have complete protection in your insurance coverage coverage.

However there are different components that drive increased insurance coverage charges like wrong-way drivers, automobile break-ins, catalytic converter thefts, and even restore prices.

The Nevada Division of Insurance coverage additionally blames excessive premiums on inflation and extra vehicles being on our roadways, which will increase the prospect of extra accidents.