The average cost of homeowners insurance in Nevada is $995 a year, or $76 a month. Our research found that Allstate offers the cheapest average rate on homeowners insurance statewide and in several locales, including Las Vegas, Henderson and Reno. Here are other key things to know about homeowners insurance in Nevada.
In this article:
Cheapest home insurance companies in Nevada
At $739 per year, Allstate offers the best rates on homeowners insurance in Nevada, based on our statewide review of rates offered by leading companies. The next-best rates are available from Farmers at $835 per year.
| Company | Average annual premium |
|---|---|
| Allstate | $739 |
| American Family | $1,097 |
| Country Financial | $1,293 |
| Farmers | $835 |
| State Farm | $935 |
| Travelers | $952 |
| USAA | $1,113 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Our analysis is based on rates available from leading insurance companies for a typical home, and it serves as a valuable benchmark on pricing. There are several rate factors that can cause any of these companies to offer you a higher or lower rate. These include:
- The location and age of your home
- The materials used in construction
- Your credit and insurance claim history
- Amount of coverage
How much is home insurance in Nevada by deductible?
You can customize your policy by choosing a deductible amount. Homeowners in Nevada can save an average of $187 a year by increasing the deductible amount from $500 to $2,000.
| Deductible amount | Average annual premium |
|---|---|
| $500 | $1,084 |
| $1,000 | $995 |
| $1,500 | $945 |
| $2,000 | $897 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Find cheap Nevada home insurance
Who offers the cheapest home insurance in Las Vegas?
As is the case for much of the state, Allstate offers the cheapest average rate on homeowners insurance in the city of Las Vegas at $773 a year.
| Company | Average annual premium |
|---|---|
| Allstate | $773 |
| American Family | $1,077 |
| Country Financial | $1,580 |
| Farmers | $859 |
| State Farm | $1,042 |
| Travelers | $919 |
| USAA | $1,163 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Best homeowners insurance rates in Henderson
Allstate also offers the cheapest average rate of $760 a year in Henderson. The average cost of homeowners insurance in Henderson is $976 a year.
| Company | Average annual premium |
|---|---|
| Allstate | $760 |
| American Family | $1,077 |
| Country Financial | $1,382 |
| Farmers | $821 |
| State Farm | $861 |
| Travelers | $857 |
| USAA | $1,073 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Best homeowners insurance rates in Reno
In Reno, Allstate has an average rate of $724 a year - the cheapest in the city. The average cost of homeowners insurance in Reno is $955 a year.
| Company | Average annual premium |
|---|---|
| Allstate | $724 |
| American Family | $1,117 |
| Country Financial | $1,162 |
| Farmers | $844 |
| State Farm | $841 |
| Travelers | $972 |
| USAA | $1,022 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Best home insurance companies in Nevada
We found Allstate, USAA and Country Financial to be the best homeowners insurance providers in Nevada. Here's why:
USAA and Country Financial: best for customer service
Among the companies in our analysis, USAA has the highest satisfaction score from J.D. Power, while Country Financial has the best Complaint Index rating from the National Association of Insurance Commissioners (NAIC). The Complaint Index baseline is 1.0, so a company with a 2.0 rating has twice as many confirmed complaints as would be expected.
| Company | 2021 J.D. Power overall satisfaction (out of 1,000)* | 2021 NAIC Complaint Index (lower is better)** |
|---|---|---|
| Allstate | 829 | 1.12 |
| American Family | 831 | 0.37 |
| Country Financial | 830 | 0.28 |
| Farmers | 813 | 0.56 |
| State Farm | 835 | 1.01 |
| Travelers | 800 | 0.61 |
| USAA | 882 | 0.46 |
| *J.D. Power ratings from 2021 U.S. Home Insurance Study. **Complaint Index from NAIC. | ||
Allstate: best for cost
Allstate's average rate of $739 a year is $256 lower than the state average home insurance rate of $995 a year. In addition to offering the best rates in many parts of Nevada, Allstate offers great discounts. If you bundle your auto and home insurance policies with Allstate, you can save up to 25%. Allstate's other discounts include:
- Claim free discount - You can save up to 20% if you don't have a recent home insurance claim when switching to Allstate.
- Loyalty discount - If you switch to Allstate, you can get up to 10% off on your home insurance premium.
- Early signing discount - If you sign up for a new home insurance policy at least a week before your previous policy expires, you can save up to 10% on your home insurance premium.
Home insurance perils in Nevada
The Nevada Division of Insurance notes that the state has the third-highest risk of a magnitude 5.0 or higher earthquake occurring, after Alaska and California. Wildfires also occur in Nevada. Six percent of Nevada faces extreme wildfire risk.
A standard homeowners policy does not cover damage from floods, but flood insurance can be purchased separately. A standard home insurance typically covers your home from sudden and accidental fire, as well as damage due to smoke.
Most flood insurance is purchased through the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA). However, several private insurance companies also offer flood insurance as an alternative to NFIP insurance.
Methodology
We collected quotes from every ZIP code in Nevada for a standard HO-3 homeowners insurance policy with the following coverages:
- Dwelling limit: $275,000
- Other structures: $27,500
- Personal property: $137,500
- Loss of use: $55,000
- Liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000 (unless otherwise noted)
Car insurance by city
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.