LAS VEGAS (KLAS) — If you noticed a jump in the price of what you’re paying for auto insurance in Nevada, you’re not alone. The average driver saw rates increase by 34% compared to last year. Nevada has one of the highest rates in the country and now you can voice your opinion about that in an upcoming public forum.
The rate hike has caused some drivers to take drastic actions such as reducing their coverage to lower the cost. Now, the Nevada Division of Insurance is holding a virtual forum on Nov. 1, 2023, from 10 a.m. to 11:30 a.m. to discuss the high rates. It’s open to the public.
“Car insurance rates are high, and Nevadans should be aware of why those rates are increasing so quickly,” explained Insurance Commissioner Scott Kipper. “It is my hope that this forum will provide not only an understanding of what is driving this phenomenon but also empower Nevadans with practical advice to make good purchasing decisions.”
He added factors with supply chain issues, labor shortages, and insurance fraud factor into the increased premiums.
Participating organizations include insurance agents, DMV, the Consumer Federation of America, collision repair specialists, the Insurance Information Institute, and more.
Interested attendees can get more details and register at this link.