Premiums increasing in Las Vegas





03/24/2020



An increase in prices for insurance in the state of Nevada, particularly Las Vegas. The average annual auto insurance premium in Las Vegas is $2,322, while in Nevada overall the premiums average about $1,802 and the US average is $1,427. That means the US National average is just over $118/mo while Las Vegas' monthly average is $193 per month. If you realize the amount of lawyers in the city of Las Vegas is absolutely absurd and many of these cases are from accidents causing the cost of claims to increase the overall city prices. This study came from The Zebra as found on ktnv.com news.


Some areas of Las Vegas are also different than other areas, like North Las Vegas area code 89030 which has the highest premiums in the city at $2768 and down town at $2,757 and $2,753. It makes things extremely difficult for city residents. It's something that is searched for all over the country. To get cheap rates but Las Vegas prices are extremely higher because of another rule in the city that allows for individuals to sue basically twice, if an insurance company has paid out for a bill and accident that was caused by a driver, that bill that insurance company paid out is as if that bill or premium hasn't been paid which is one of the reason's why insurance companies. They are required in this case to pay twice if your lawyer is an excellent lawyer. It's as if to the law that that bill or claim hasn't been paid to the claimant.


Which brings me to my next point the population boom in Las Vegas is one of the highest in the country. New residents come from far and wide, Atlanta, New Jersey. So we recommend before you decide to up and move to Las Vegas, make sure you do your due diligence and see what you're getting into before you make a decision. There's a lot that goes into this choice and it's important you make the right one.