Serious Long-term Consequences

Because your auto insurance coverage is not something that you use on a regular basis, it may feel like your monthly premium is a waste of money. Particularly when money is tight and you are looking for ways to cut unnecessary expenses, it may be tempting to roll the dice, hope for the best and go without auto insurance for a few months. Unfortunately, this is a risky move that could end up costing you far more than your monthly premium.

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Impact of Not Paying Your Auto Insurance Premium

Insurance Rate Increase

Statistically, those who skip auto insurance coverage for a while pose a greater risk to auto insurance companies and therefore pay a higher monthly premium than those who do not let their coverage lapse. Even for 1 single day! While you may save a little bit of money per month by not paying your premium, this will offset by the higher premium you pay later on now that you will most likely be rated as “non-standard”. Additionally, you may have a difficult time getting coverage and may have to purchase a costly policy from a company that specializes in covering high-risk drivers.

Your Driving Record

In Nevada, auto insurance companies notify the Department of Motor Vehicles when you drop your auto insurance policy. If you have a lapse in your auto insurance coverage, even 1 day, it will be noted on your driving record. When this happens, you may be faced with a $250 dollar fine that will go up over time, and you can have your license suspended until you have auto insurance coverage again.

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Financial Consequences

By driving without auto insurance, you are taking a big risk. As vehicles get more expensive, the cost of repairing or replacing them also increases. If you are responsible for a car accident, you are responsible for covering all the damages that result, including damage to the vehicle, any injuries, lost wages and any other expenses connected to or resulting from the accident. Without auto insurance, all of these expenses will come out of your own bank account, or future wages.

Legal Consequences

In Nevada, drivers are required to carry a minimum amount of liability coverage. This ensures that if a driver is responsible for a car accident, they have auto insurance to cover the other person’s accident-related expenses. If you own a vehicle, you are required to have at least this minimum coverage, even if your vehicle is rarely driven. If you drive the vehicle and cause an accident, you will be cited and may be subject to heavy fines, license suspension or vehicle impound.

 

Getting Auto Insurance You Can Afford with Nevada Insurance Enrollment

When money is tight, it is tempting to let intangibles like auto insurance slide for a little while. Unfortunately, this can have serious long-term effects on your auto insurance rate, your driving record and your finances. At Nevada Insurance Enrollment, our auto insurance agents specialize in helping you compare auto insurance policies and discounts, making sure that you get quality coverage at the best price available to you.

Is Physical Therapy Covered Under Health Insurance?

Is Physical Therapy Covered Under Health Insurance?

Whether you have recently been injured or you are experiencing chronic pain or limited mobility, going to a physical therapist can greatly improve your quality of life. For many people, concerns about how much regular sessions cost is a big roadblock to getting much needed care. Fortunately, if you have an ACA-compliant health insurance plan, rehabilitative services like physical therapy are listed among the essential health benefits.

What Is a Health Insurance Network?

What Is a Health Insurance Network?

Whether you’ve had the same health insurance company for years or switched to a new health insurance company, the variance in cost is directly related to whether a healthcare provider is within your health insurance company’s network (if you have a PPO), if you have a deductible to satisfy first, or if you have a co-pay.

What is a Special Enrollment Period?

What is a Special Enrollment Period?

The special enrollment period is always within 60 days of a life event. A “Life Event” is an event such as the birth of a baby, losing group coverage through an employer, losing coverage due to a move to Nevada, marriage, any many other scenarios.