According to Insurify, Nevada has the No. 7 highest auto insurance rates in the country, with the cost expected to rise to over $3,000 annually in the new year.
For reference, according to the National Association of Insurance Commissioners, in 2022, the combined average premium in Nevada was $1,420.51.Motor vehicle insurance rose 20.3 percent in 2023 over the previous year, according to the index.
According to the Consumer Price Index, motor vehicle insurance increased the most after eggs — based on goods and services it tracks — from 2023 to 2024, experiencing an 11.3 percent jump.
In 2024, the average cost of full coverage car insurance in Nevada was $2,973 annually, according to Insurify. The projected cost for 2025 is $3,214, an 8 percent increase.
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