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Hey, Nevada drivers--your auto insurance bill is increasing July 1

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The Nevada DMV, Nevada Division of Insurance and the Nevada Insurance Council wants to remind local motorists that minimum liability insurance coverage for vehicles will go up on July 1.

Currently, motorists must carry insurance coverage of “15/30/10” or $15,000 for bodily injury per person, $30,000 for all persons for bodily injury per crash and $10,000 for property damage per crash.

The new minimums, established by Senate Bill 308 in the 2017 Nevada Legislature, are “25/50/20” or $25,000 for bodily injury per person, $50,000 for all persons for bodily injury per crash and $20,000 for property damage per crash.

Insurance agents say drivers can expect to see at least a 20-percent increase in their premiums.

Many drivers who have to renew their policies this month will see the increase early.

There are penalties if drivers don't update their policies. One of the penalties allows the DMV to cancel your vehicle registration until you purchase the mandatory minimum.

Click here for more information.

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