Here in Nevada, our state officials take our automobile insurance quite seriously, enforcing several laws to ensure the safety of all drivers on the road. Because of this overwhelming desire to monitor the state drivers insurance policies, Nevada has implemented a program called IVP (Insurance Verification Program), joining both the state department of motor vehicles with insurance companies. The purpose of this program is to aid the state in receiving expedited documentation of either new or canceled automobile insurance policies.

The State of Nevada, like many other states, has a minimum requirement for liability insurance coverage, stating that your policy must cover a minimum of $15,000 for injury or death of one person, $30,000 for injury and death of more than one person and $10,000 for property damage in one accident. Although the state has set these specific mandates for liability insurance, they do not have such requirements for other levels of coverage such as comprehensive and/or collision. It is very important to understand that these are the minimum requirements set by the state standards. Most auto insurance agents will recommend strongly getting coverage that far exceeds these state standards because any damage which exceeds that of your coverage will be your responsibility. This is why our auto insurance agents at the time we provide your auto insurance quote will sit down and examine your policy to determine whether or not you need to increase the coverage beyond state minimums.

Since the state receives status reports on cancelled insurance policies, and will be aware if your car insurance policy has lapsed, you could find yourself in a situation where the state sees you at a failure to comply which can result in immediate suspension, fees and/or penalties.