Are car insurance premiums increasing significantly in Nevada?
Car insurance premiums in Nevada have increased considerably in recent years.
Nevadans on average paid $2,023 on car insurance premiums in 2022, according to the latest findings from Insure, an organization that collects car insurance data. That was a steep increase from 2021, when Nevadans on average paid $1,380 in annual premiums.
Over the past decade, Nevadans’ insurance rates have increased by 51%, the third-highest rate hike in the country, according to data collected by FINN America. If that trend continues, Nevadans would pay an average of $3,055 in annual premiums in 2033.
Rising insurance costs represent a nationwide trend. In the past decade, car insurance prices increased by 64% across the country, according to data from the U.S. Bureau of Labor Statistics.