Contact: Yeraldin
Deavila, Public Information Officer
Phone: (775)
687-0772
E-mail: ydeavila@doi.nv.gov
FOR IMMEDIATE RELEASE– July 28, 2017
New DriveCheck assessment from NAIC helps Nevada’s consumers determine
if usage-based auto insurance is a fit
CARSON CITY, NV – The National
Association of Insurance Commissioners (NAIC) launched a new tool called DriveCheck to help
consumers determine if usage-based insurance (UBI) may fit their driving habits.
“Driving habits are changing as
more people use ridesharing and public transportation — and we believe we will
see increased charges with the introduction of self-driving vehicles,” said Insurance
Commissioner Barbara Richardson. “As revolutions in mobility continue to
evolve, new insurance products may be an option for Nevada’s residents whose
driving habits have shifted. As a result, NAIC created DriveCheck to help
consumers understand how UBI works and determine if it’s a good fit for their
driving behavior.”
Insure U’s new DriveCheck tool takes you
through a few quick questions about driving habits while providing more
information about how UBI works. At the end, you will receive an assessment of
the likelihood that you will benefit from UBI.
Depending on your assessment, you
can then discuss usage-based insurance with your insurance agent. If your
insurance company currently does not offer UBI, chances are they will in the
future. If you are interested in UBI, you can shop around to find an insurance
company who offers UBI and can answer questions and provide a quote.
Usage-based insurance isn’t for
everyone. However, all Nevada drivers should review their auto insurance
policies from time to time. This is an opportune time given the passage of SB 308
which was signed into law. This new law increases the statutorily mandated minimum
motor vehicle liability insurance coverage in Nevada from 15/30/10 to 25/50/20.
This new law goes into effect July 1, 2018.
Check out these tips when
re-evaluating insurance needs:
• If UBI isn’t for you, talk to your
insurer to determine if there are other cost-saving opportunities. Discounts
may be available in Nevada for multiple vehicles, driver education courses,
good student, safety devices, anti-theft devices, low mileage, good
driver/renewal, auto/home package and dividends.
• If a friend or roommate borrows your
car from time to time, talk to your agent to see if you are covered in case the
borrower gets in an accident. Likely, your friend’s own car insurance may
provide limited or no coverages for any damages to your car or injuries to
others.
• If you’ve given up driving
altogether, there are still risks to consider. Before accepting a shared ride
from a company like Uber or Lyft, know the extent to which you are protected in
the event of an accident.
• Most ridesharing companies have
liability policies to cover any passenger injuries. If you are injured while
riding, report a claim with the driver’s insurer and the ridesharing company’s
insurer.
• If you are considering contracting as
an Uber or Lyft driver, make sure you understand the insurance implications.
Review tips from Insure U before
you get behind the wheel.
For unbiased information and
resources to help you rethink insurance, visit insureuonline.org. For insurance information specific to where
you live, contact the Nevada Division of Insurance by visiting www.doi.nv.gov.
About the Nevada Division of Insurance The State of Nevada Division of
Insurance, a Division of the Nevada Department of Business and Industry,
protects the rights of Nevada consumers and regulates Nevada’s $14 billion
insurance industry. The Division of Insurance has offices in Carson City and
Las Vegas. In 2016, the Division investigated more than 3,200 consumer
complaints and recovered nearly $5 million on behalf of consumers. For more
information about the Division of Insurance, visit DOI.NV.GOV or download the
Division’s smartphone app NDOI Connect today in the Apple App Store and Google
Play.
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