Best Home Insurance Rates in Nevada (2022)
The average cost of homeowners insurance in Nevada is $915 a year, or $76 a month, according to QuoteWizard’s most recent rate analysis for the Silver State. 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:
Who offers the best homeowners insurance rates in Nevada?
At $58 per month, 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, $69 per month, and State Farm, $77 per month, according to our research.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $696 | $58 |
| Farmers | $833 | $69 |
| State Farm | $926 | $77 |
| Travelers | $954 | $80 |
| American Family | $1,014 | $85 |
| USAA | $1,069 | $89 |
| Nevada state average | $915 | $76 |
| 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.
However, there are several rate factors that can cause any of these companies to offer you a higher or lower rate. These factors include the characteristics and location of your home, your credit and insurance history, and the amount of coverage you need.
Since each insurance company uses its own rating system, it’s best to compare quotes from multiple carriers to find the one whose coverage and prices work best for you.
Our analysis also shows how the rates offered by leading insurance companies stack up in different parts of the state.
Who offers the cheapest homeowners 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 and throughout Clark County.
In Las Vegas, Allstate’s average rate works out to $61 a month, followed by Farmers, $72 a month, and Travelers, $78 a month.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $727 | $61 |
| Farmers | $862 | $72 |
| Travelers | $931 | $78 |
| American Family | $993 | $83 |
| State Farm | $1,015 | $85 |
| USAA | $1,107 | $92 |
| Las Vegas average | $939 | $78 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
The same three companies offer the best average rates for all of Clark County, with Allstate’s rate working out to $62 a month, followed by Farmers, $72, and Travelers, $78.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $743 | $62 |
| Farmers | $862 | $72 |
| Travelers | $930 | $78 |
| State Farm | $981 | $82 |
| American Family | $992 | $83 |
| USAA | $1,105 | $92 |
| Clark County average | $936 | $78 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Best homeowners insurance rates in Henderson
In Henderson, Allstate offers the best average rate, $60 a month, followed by Farmers, $68. The average rate offered by Travelers and State Farm works out to $72 a month each. On an annual basis, State Farm’s average rate is $2 more than Travelers’ rate. Overall, the average price of homeowners insurance in Henderson is $73 a month, which is a tad lower than the average cost in Las Vegas, Clark County and statewide.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $718 | $60 |
| Farmers | $821 | $68 |
| Travelers | $859 | $72 |
| State Farm | $861 | $72 |
| American Family | $992 | $83 |
| USAA | $1,036 | $86 |
| Henderson average | $881 | $73 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest homeowners insurance in Pahrump
While Allstate ($66 a month) also offers the cheapest average homeowners insurance rate in Pahrump, Travelers average rate ($68) is lower than Famers’ rate ($77), with State Farm ($78) also offering a competitive rate.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $788 | $66 |
| Travelers | $813 | $68 |
| Farmers | $924 | $77 |
| State Farm | $936 | $78 |
| American Family | $994 | $83 |
| USAA | $1,150 | $96 |
| Pahrump average | $934 | $78 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Best homeowners insurance rates in Reno
Allstate ($57 a month) offers the best average rate in Reno, followed by State Farm and Farmers ($70 each).
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $684 | $57 |
| State Farm | $841 | $70 |
| Farmers | $844 | $70 |
| Travelers | $975 | $81 |
| USAA | $985 | $82 |
| American Family | $1,034 | $86 |
| Reno average | $894 | $75 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Our analysis also shows that Allstate ($57 a month) offers the best average rate in Washoe County, but Farmers ($68) has the second-best countywide average, followed closely by State Farm ($69).
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $682 | $57 |
| Farmers | $821 | $68 |
| State Farm | $831 | $69 |
| USAA | $983 | $82 |
| American Family | $1,003 | $84 |
| Travelers | $1,040 | $87 |
| Washoe County average | $893 | $74 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest homeowners insurance in Carson City
In Carson City, Allstate’s average monthly rate ($47) is considerably cheaper than the average rates offered by Farmers ($71), State Farm ($72) and others.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $565 | $47 |
| Farmers | $848 | $71 |
| State Farm | $862 | $72 |
| Travelers | $980 | $82 |
| American Family | $1,020 | $85 |
| USAA | $1,127 | $94 |
| Average | $900 | $75 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Which insurance companies offer the best customer service?
Among the companies in our analysis, USAA has the highest satisfaction score from J.D. Power, while Travelers has the best Complaint Index rating from the National Association of Insurance Commissioners (NAIC). Both of these rating systems are based on a company’s performance nationwide.
Based on a 1,000-point scale, J.D. Power’s satisfaction scores are based on customer surveys that rate insurance companies for interaction, policy offerings, price, billing process, policy information and claims.
NAIC’s Complaint Index compares insurance companies on the number of confirmed complaints they receive. A confirmed complaint is one in which an investigation reveals that a violation has occurred.
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. Since a company with a 0.5 Complaint Index rating has half as many as would be expected, a lower rating is better than a high one.
| Company | Satisfaction score |
|---|---|
| USAA | 882 |
| State Farm | 835 |
| American Family | 831 |
| Allstate | 829 |
| Farmers | 813 |
| Travelers | 800 |
| Segment average | 825 |
| Source: J.D. Power 2021 U.S. Home Insurance Study | |
| Company | Complaint Index |
|---|---|
| Travelers | 0.49 |
| USAA | 0.50 |
| Farmers | 0.57 |
| State Farm | 0.74 |
| American Family | 0.83 |
| Allstate | 1.24 |
| Baseline | 1.0 |
| Source: National Association of Insurance Commissioners, based on 2020 data | |
Nevada’s most popular insurance companies
When it comes to market share, State Farm is the most popular homeowners insurance company in Nevada, with 19% of total premiums written, according to the Nevada Division of Insurance’s 2021 Insurance Market Report. Farmers is next, with 14% premiums written, followed by Allstate, with 10%.
| Company | Market share |
|---|---|
| State Farm | 19% |
| Farmers | 14% |
| Allstate | 10% |
| American Family | 7% |
| USAA | 6% |
| Travelers | 5% |
| Source: Nevada Division of Insurance, 2021 Insurance Market Report | |
Do Nevada homeowners face earthquake and flood risks?
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. And several portions of the state are susceptible to flooding. A standard homeowners policy does not cover damage from earthquakes or floods, but insurance for both of these perils can be purchased separately.
Earthquake insurance is usually offered as either an endorsement to an existing homeowners insurance policy or as a standalone policy. The latter include policies from carriers that specialize in this risk.
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 either an alternative to NFIP insurance or with coverage that adds to the protections contained in an NFIP policy.
Homeowners in 34 Nevada cities and/or counties are eligible to purchase NFIP insurance. Those in nine of these jurisdictions, including Las Vegas, Henderson, Carson City and Washoe County, are eligible for discounts on NFIP insurance based on steps their communities have taken to manage flood risks.
NFIP and private flood insurance are widely available through authorized local insurance agents.
Methodology
We collected quotes from every ZIP code in Nevada for a standard HO-3 homeowners insurance policy with the following limits and deductible:
- $275,000 dwelling coverage
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible
*when not stated otherwise
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.