Are car insurance premiums increasing significantly in Nevada?
YES
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.
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Sources
Insure Average car insurance cost in Nevada (November 2022)
Insure (archive) 2021 car insurance costs, by state
FINN State Car Insurance Report
US Bureau of Labor Statistics Nationwide car insurance prices
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