Current law requires the owner or operator of a motor vehicle to maintain liability insurance coverage for both the insured and any other person who uses the car with authorization. The requirements include $15,000 for bodily injury or death of a person, $30,000 for bodily injury or death of all persons involved, and $5,000 for damage to the property of others as a result of an accident.
This law defines “proof of financial responsibility” to follow the provisions that require the owner or operator of a motor vehicle to hold proof of financial responsibility according to these amounts, as specified. According to this law, any violation of the Vehicle Code is considered a crime.
This bill would increase the amount of liability insurance coverage that a motor vehicle owner or operator must maintain to $30,000 for bodily injury or death of a person; $60,000 for bodily injury or death of all persons involved; and $25,000 for damage to the property of others as a result of an accident.
This bill would make changes consistent with the definition of “proof of financial responsibility” to follow the provisions outlined above. This bill, effective January 1, 2026, and every five years after that, would adjust the amount of liability insurance coverage required for any increase according to the Nevada Consumer Price Index, as applicable. Because this bill would expand the application of an actual crime, it would include a local state-mandated program.
The Nevada Constitution requires the state to reimburse local agencies and school districts for individual costs that are required by the state. The legal provisions establish procedures for making these refunds. This bill would stipulate that this law does not require a refund for a specific reason.
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