Low Cost Auto Insurance

 
 
Nevada knows that the people of their state are struggling financially, as they are across the country. But they have seen the rates for auto insurance and they know that for some people it will come down to auto insurance or food. So they are trying to make it a bit easier on these residents so that they do not have to make that choice. It can be tough to know which one to pick at times, but a new program that they are trying to implement might help them out.
 
The Nevada Assembly has been working on a bill for some time that has finally passed that will implement a low cost auto insurance program. This pilot program will lower the requirements for auto insurance limits so that people could pay less for their auto insurance so that at least they have something if they are in an accident. Right now state law requires $15,000 per person and $30,000 for two for bodily injury and then $10,000 more for property damage.
 
The new Assembly Bill 299 would make it $10,000 per person for bodily injury or death, $20,000 for two or more people, and $3,000 for property damage. This will cut the cost of auto insurance drastically, and will be supplemented by an assessment on motor vehicle liability policies. The insurance commissioner will need to make sure that there is enough of a rate being charged that all losses will be covered, and you have to make below federal poverty levels and have a car that is worth less than $20,000.

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