Families moving from out of state into Nevada are often shocked to find out how much their vehicle insurance premium costs increase overnight. A story reported by the Las Vegas Sun in 2004 discusses what has been termed ‘sticker shock’ and the associated expensive car premiums it comes along with. The story was based on one family, who found their insurance expenses shoot up from $1,200 in Washington to $1,800 in Nevada almost overnight. At the time, according to the latest available statistics, Nevada had the sixth most expensive car insurance premiums in all of the U.S., at an average of $851 per year, per vehicle. It has since moved down to the ninth place, yet costs remain high. What could determine lower car premium costs in Las Vegas? It’s largely a matter of legislation, combined with better road safety statistics – the current ones speak of a state whose public roads are plagued with highly perilous traffic.
Numerous accidents prevent lower car premium costs in Las Vegas
Though the situation of vehicle coverage premiums has slightly improved with time, it’s important to note that Nevada has been ranking among the ten most expensive states in the U.S. in this respect for nearly two decades. Many have wondered why the state’s law-makers don’t implement legislation to address the numerous issues regarding road safety. Safer roads for Nevadans could also lead to lower car premium costs in Las Vegas. Here are some statistics for the year 2001, which might help you form a ballpark idea as to why Las Vegas vehicle coverage costs as much as it does.
– In terms of bodily injury claims per 100 insured cars Nevada ranked fourth among all the states. This means that there are a lot of people hurt in car accidents that take place in Nevada – a lot more than in the rest of the Union.
– In terms of stolen cars, Nevada ranked second among all states.
– By number of miles driven correlated with the number of accidents that ended in human deaths, Nevada ranked seventh. In other words, a lot of people die while driving, or as an effect of other people’s reckless driving, in the Silver State.
– Nevada ranked second by the number of human deaths caused by running a red light. Nevada drivers can be reckless in numerous ways, but one thing is certain: they run red lights more often than their counterparts in other states and end up killing far more people in tow.
– Nevadan traffic is very busy – busier than all but one other states on urban freeways and expressways.
– Compared to regulations in all the other states, young drivers are considered learners for far less time. In 2001, it was among the seven states with the lowest such span of time. After this obligation expires, young drivers can have their driver’s license issued, which grants them full permission to drive as they see fit.
– At the same time, high hospital care costs also contribute to the significant premiums Nevadans have to pay: in 2001 Nevada had the second highest hospital charges per admission in all of the U.S..