Nevada: Insurance & Financial Responsibility Questions
5 real, verified Nevada driving-test questions on insurance & financial responsibility, each with the correct answer and a full explanation below. Want to practice these interactively instead? Start a Insurance & Financial Responsibility practice round.
1. What is Nevada's minimum required liability insurance coverage?
Why: Nevada's minimum liability coverage is $25,000 for bodily injury or death of one person, $50,000 for two or more persons, and $20,000 for property damage, all per crash.
2. When must a Nevada driver file a Report of Crash Form (SR-1), and within how many days?
Why: If a crash isn't investigated by law enforcement and causes $750 or more in damage or any injury, the driver or registered owner must file a Report of Crash Form (SR-1) within 10 days.
3. Can a new Nevada resident keep using their out-of-state auto insurance policy?
Why: Out-of-state insurance is not accepted for a Nevada vehicle -- a new resident must either notify their existing insurer of the move or purchase a new Nevada policy.
4. By when must a new Nevada resident register their vehicle?
Why: A new Nevada resident must register their vehicle within 30 days of establishing residency or at the time they obtain a Nevada driver license, whichever happens first.
5. What penalties can follow a lapse in required Nevada auto insurance that leads to registration suspension?
Why: A lapse in required insurance that leads to registration suspension carries a reinstatement fee and fines starting at $250 and totaling up to $1,750 per registered vehicle, on top of a possible SR-22 requirement and a 30-day license suspension.
More Nevada Topics
- Child Passenger Safety (3)
- Driving Privilege: Points & License Actions (4)
- DUI Laws & Penalties (5)
- Licensing Procedure & Documents (7)
- Minor & Provisional Licensing (8)
- Rules of the Road (4)
Rules and requirements change — always confirm current details with Nevada DMVbefore your exam. Take the full Nevada practice test or check the Nevada cheat sheet.