![]() How much should I expect auto insurance to cost? Remember – Always verify that an insurance company or agent are licensed before giving them personal information or payment. You can check the license of an insurance professional or company here. ![]() Regardless of what type of professional you choose to use, it is important to confirm that they are licensed to conduct business in the State of Nevada. Independent agents: can sell insurance from multiple unaffiliated insurers.Įxclusive agents: can only sell insurance from the company or group of companies with which they are affiliated.ĭirect writers: are insurers that do not always use agents as intermediaries instead, some of their employees are licensed as agents in Nevada and are authorized to sell insurance. There are three types of professionals that typically sell insurance: When buying insurance, the Division of Insurance recommends that you seek the advice of a qualified insurance professional. ![]() This is because the insurance company is assuming more or less liability for repair costs. ![]() The higher your deductible is, the lower the cost of your insurance will be. Generally, the lower your deductible, the higher the cost of your insurance will be. How does my deductible affect the cost of my insurance? Once you have met your $1,000 deductible the insurance company will pay the remaining $5,500. In this scenario, you would pay the body shop $1,000. You take it to the body shop and the total cost to repair all the damage is $6,500. You rear end another driver, and your Subaru is damaged. A deductible only applies to Collision and Comprehensive coverages.įor example: You have a Subaru Outback that has Collision Coverage with a $1,000 deductible. Your auto insurance deductible is the amount of money you must pay out-of-pocket before your insurance compensates you. It also pays for treating injuries resulting from being struck as a pedestrian by a motor vehicle.
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