The low-cost policy would have provided death or injury coverage of $10,000 per person or $20,000 for two or more individuals. It would have set property damage coverage at $3,000.
The proposed policy would have only covered vehicles valued at $20,000 or less.
Atkinson said the state Insurance Division didn’t know how many people would be eligible in the pilot program, which would have started in Clark County, according to the Las Vegas Sun.
This uncertainty coupled with State Farm Insurance Company’s announcement that premiums would likely only be reduced by about $50, although the company took no formal standpoint on the bill, led to the bill’s demise.
To finance the program, 50 cents would have been added to every private car insurance policy in the state.
That would have required a two-thirds vote on the bill in the Senate and Atkinson said he wasn’t able to muster up the three Republican votes he would have needed.