CONGRESSWOMAN LEE, EXPERTS DISCUSS NEVADANS' RISING AUTO INSURANCE PREMIUMS, HOW TO LOWER COSTS
States News Service
The following information was released by the office of Nevada Rep. Susie Lee :
Today, Congresswoman Susie Lee (NV-03) joined the Nevada Division of Insurance, Nevada Property and Casualty insurance brokers, and industry professionals to discuss the challenges facing the insurance market and the impact on Nevada consumers.
"Now, even owning a car is unaffordable for many Nevadans. On top of skyrocketing gas prices and repair costs due to Trump's war and tariffs, Nevadans have the highest full car insurance rates in the country," said Congresswoman Susie Lee. "This conversation with brokers and business owners was important to understand what is driving up prices. After bringing home over $7 million to make streets in southern Nevada safer, I'll continue to work with anyone to find solutions so people aren't breaking the bank just to get their car insured."
Nevada has the highest average car insurance rates in the country, where drivers pay about $355 a month on average, roughly 61% higher than the national average. More than 600,000 Nevadans will see their auto insurance go up this year, with major insurers such as Allstate, State Farm and Geico all raising rates. Higher vehicle prices and increased repair costs due to tariffs, rising vehicle thefts, auto insurance fraud cases, and poor driving habits are key drivers.
To help reduce car crashes and fatalities, Congresswoman Lee has secured over $7 million in traffic safety funding for southern Nevada. This year, she is requesting $7.5 million in additional funding to help keep southern Nevada drivers, cyclists, and pedestrians safe.
A “Gold Bear” In A Bull Market? Setting The Stage
SHAPIRO ADMINISTRATION REMINDS PENNSYLVANIANS TO GET SCREENED FOR COLORECTAL CANCER DURING COLORECTAL CANCER AWARENESS MONTH
Advisor News
- Why advisors should be talking about life settlements
- Millennials are ready to bring their advisor to the family table
- How healthcare inflation can eat up a client’s retirement income
- Global economy ‘resilient’ in the wake of massive disruption
- Cryptocurrency legislation takes one step forward with bipartisan support
More Advisor NewsAnnuity News
- NAIC regulators continue pushing for annuity illustration updates
- Wink: Flat first-quarter annuity sales fall just short of $100B
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
- Matthew Michelini named Athene president, with an eye on annuity growth
- Lincoln Financial Announces Executive Leadership Transitions
More Annuity NewsHealth/Employee Benefits News
- These Connecticut-based companies made this year's Fortune 500 list with revenue up to $275 billion
- Surgery transforms epilepsy patient's life
- Arizona AG accuses health insurance companies of illegal price fixing
- Bipartisan Bill Takes Another Step Toward Protecting Veterans from Predatory Claims Companies
- Maintaining Continuous Medicaid Coverage for Eligible Children in New Jersey: Clinical Trial Identifier NCT07594782
More Health/Employee Benefits NewsLife Insurance News
- Pradip Patiath Joins Securian Financial Board of Directors
- Over $107 million in life insurance benefits located for Tennesseans in 2025
- Study Data from National Institutes of Health Provide New Insights into Law and the Biosciences (Taking actuarial fairness seriously: what is required for the ethical use of genetics in insurance?): Legal Issues – Law and the Biosciences
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
- Lincoln Financial Announces Executive Leadership Transitions
More Life Insurance News