Question: What Happens If My Car Insurance Coverage Is Not Enough?

Answer: The State of Nevada only requires injury (BI) coverage in the amount of $15,000 per person and $30,000 per accident and $10,000 for property damage. It’s often written as $15/$30,000 BI/$10,000 PD. This minimum amount certainly meant more when it was placed into effect over 30 years ago than it does today!  For a detailed overview, please see our page on Car Insurance Laws in Nevada.

If you are at fault in an auto accident and seriously injure someone or total their new car, the minimum amount of insurance required by the state will not come close to paying all the bills. After your insurance company pays its maximum benefits to the other driver, you are responsible for the remainder of the bills. As an easy example, if you have only $10,000 of property damage and total the other person’s new car valued at $30,000, you will be responsible to pay the difference out of your own pocket. Of course, if you seriously injure someone their medical bills, lost wages and pain and suffering could exceed $100,000. Again, you are responsible to pay any amount over your insurance policy limits. This could easily wipe out your life savings.