The average cost of homeowners insurance in Nevada is $1,124 a year. Although State Farm has the state’s cheapest average rate, $924 a year, Allstate and Farmers also offer prices that are lower than the state average. Here are the most important things to know about shopping for homeowners insurance in Nevada.
In this article
Nevada’s cheapest homeowners insurance companies
State Farm offers the cheapest home insurance in Nevada, charging rates that average $924 a year, or $77 a month, statewide.
State Farm’s rates are just a touch lower than those available from Allstate, $79 a month, and Farmers, $82 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $924 | $77 |
| Allstate | $947 | $79 |
| Farmers | $984 | $82 |
| State Average | $1,124 | $94 |
| USAA | $1,238 | $103 |
| American Family | $1,256 | $105 |
| CSAA | $1,392 | $116 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
USAA is only available to current and former members of the military and their families. CSAA is available to AAA members.
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How much is homeowners insurance in Nevada
The average cost of homeowners insurance in Nevada is $94 a month for a typical home, not counting mobile homes and condominium units. The rate you qualify to receive depends on a combination of factors about you and your home. The most significant include:
- Your home’s age, location and construction features.
- The replacement cost value of your home.
- Your home’s exposure to risks such as severe weather and crime.
- Your credit and insurance claims history.
- The coverage limits you need and the deductible you choose.
- Any discounts you may qualify to receive.
Since each company weighs these factors differently and offers different discounts, you may qualify for a significantly lower rate with one company than you do with others. This is why it’s best to compare quotes from multiple companies when you shop for home insurance.
Nevada home insurance rates by deductible
Choosing a higher deductible is one way to reduce the cost of homeowners insurance. In Nevada, increasing your home insurance deductible from $1,000 to $2,000 reduces the average price of home insurance by 11% to $84 a month.
| Home insurance deductible | Annual rate | Monthly rate |
|---|---|---|
| $500 | $1,229 | $102 |
| $1,000 | $1,124 | $94 |
| $1,500 | $1,038 | $87 |
| $2,000 | $1,009 | $84 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Since your deductible is the amount of money that comes out of your pocket for covered property damage or theft, it’s best to choose the highest deductible you can afford.
Best homeowners insurance companies in Nevada
American Family has the highest customer service ratings among Nevada’s home insurance companies. State Farm has the best prices, and Allstate has the best policy features.
American Family: Best customer service
0.13
The NAIC Complaint Index rates insurance companies by confirmed complaints. The benchmark rating is 1.0. American Family has approximately one-eighth as many confirmed complaints as expected for a company of its size.
Lowest complaint rating from the National Association of Insurance Commissioners (NAIC) among Nevada home insurers.
Second-best in Nevada for overall customer satisfaction, according to J.D. Power.
Rated A by AM Best for financial strength.
Higher rates than other home insurers in Nevada.
State Farm: Best prices
insurance rates in Nevada
$924 a year
18% less than the state average
$1,124 a year
0.35
State Farm has low rates, strong customer service ratings and high ratings for financial strength.
Cheapest average statewide rates.
Additional discounts available for bundling your homeowners insurance with an auto policy.
High customer satisfaction ratings from J.D. Power.
A++ rating for financial strength from AM Best.
Older homes and customers with prior claims may have difficulty qualifying for the best coverage and rates.
Allstate: Best policy features
$947 a year
$1,124 a year
In addition to low rates and generous discounts for bundling your home and auto insurance, Allstate rewards you with additional discounts when you avoid claims.
Customers with no recent insurance claims get a discount for switching to Allstate.
Claim RateGuard and Deductible Rewards can save you money in the event you do need to file a claim.
A+ rating from AM Best for financial strength.
Access to most appealing policy features requires an upgrade to an enhanced homeowners insurance package.
Other companies have better customer service ratings than Allstate.
Customer service ratings for Nevada’s home insurance companies
J.D. Power’s overall satisfaction rankings and the NAIC Complaint Index are the leading customer service ratings for insurance companies.
J.D. Power’s rankings are based on customer surveys rating insurance companies on interaction, policy offerings, price, billing process, policy information and claims.
The NAIC’s Complaint Index compares insurance companies by confirmed complaints, which are complaints that lead to a finding of fault. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected.
Among Nevada insurance companies, USAA has the highest overall customer satisfaction score from J.D. Power. American Family has the lowest, or best, Complaint Index rating and second-highest rating among Nevada home insurers from J.D. Power.
| Company | Overall satisfaction rating | NAIC complaint rating |
|---|---|---|
| Allstate | 815 | 0.73 |
| American Family | 842 | 0.13 |
| CSAA | 794 | 0.33 |
| Farmers | 792 | 0.39 |
| State Farm | 829 | 0.35 |
| USAA | 884 | 0.31 |
| Sources; J.D. Power 2022 U.S. Home Insurance Study, National Association of Insurance Commissioners (2022 data) | ||
Nevada home insurance rates by city and county
Among Nevada’s largest cities, home insurance rates range from $85 a month in Sparks to $99 a month in the Clark County town of Paradise.
| City | Annual rate | Monthly rate |
|---|---|---|
| Carson City | $1,038 | $87 |
| Enterprise | $1,055 | $88 |
| Henderson | $1,064 | $89 |
| Las Vegas | $1,162 | $97 |
| North Las Vegas | $1,175 | $98 |
| Paradise | $1,185 | $99 |
| Reno | $1,061 | $88 |
| Sparks | $1,024 | $85 |
| Spring Valley | $1,130 | $94 |
| Sunrise Manor | $1,181 | $98 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
On a countywide basis, Nevada homeowners insurance rates range from $84 a month in Douglas County to $96 a month in Clark County.
| County | Annual rate | Monthly rate |
|---|---|---|
| Carson City | $1,038 | $87 |
| Churchill County | $1,013 | $84 |
| Clark County | $1,148 | $96 |
| Douglas County | $1,040 | $87 |
| Elko County | $1,065 | $89 |
| Humboldt County | $1,029 | $86 |
| Lyon County | $1,064 | $89 |
| Nye County | $1,072 | $89 |
| Washoe County | $1,055 | $88 |
| White Pine County | $1,071 | $89 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest homeowners insurance in Las Vegas
State Farm and Allstate tie for the cheapest homeowners insurance in Las Vegas, each charging rates that average $82 a month. This amount narrowly beats out Farmers’ average rate of $83 a month.
The average cost of homeowners insurance in Las Vegas is $97 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $983 | $82 |
| Allstate | $983 | $82 |
| Farmers | $1,000 | $83 |
| City average | $1,162 | $97 |
| American Family | $1,256 | $105 |
| USAA | $1,344 | $112 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest homeowners insurance in Henderson
State Farm has the cheapest average home insurance rates in Henderson, $70 a month, followed by Allstate, $74 a month, and Farmers, $78 a month.
The average cost of homeowners insurance in Henderson is $89 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $835 | $70 |
| Allstate | $891 | $74 |
| Farmers | $940 | $78 |
| City average | $1,064 | $89 |
| USAA | $1,142 | $95 |
| American Family | $1,256 | $105 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest home insurance in Reno
State Farm offers the cheapest home insurance in Reno, charging rates that average $68 a month citywide. The next-cheapest rates are available from Allstate, $71 a month, and Farmers, $79 a month.
The average cost of homeowners insurance in Reno is $88 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $814 | $68 |
| Allstate | $855 | $71 |
| Farmers | $951 | $79 |
| City average | $1,061 | $88 |
| USAA | $1,079 | $90 |
| American Family | $1,256 | $105 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
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Nevada home insurance for earthquakes and floods
Standard homeowners insurance does not cover earthquakes and floods, but separate insurance is available to protect your home from each of these risks.
Earthquake insurance in Nevada
Several insurance companies offer earthquake insurance as an optional endorsement you can add to your homeowners policy, but earthquake insurance is also available on a standalone basis.
The deductibles for either option tend to be high and are often expressed as a percentage of your home’s insured value.
If you have a 15% earthquake deductible on a home insured for $300,000, you’re responsible for the first $45,000 in earthquake damage. Your earthquake insurer is responsible for costs exceeding this amount.
Although earthquake insurance is not cheap and typically comes with high deductibles, Nevada’s high level of earthquake risk makes earthquake insurance worth considering. The U.S. Geological Survey ranks Nevada third in the nation for earthquakes with a magnitude of 5.0 or greater, behind Alaska and California.
Flood insurance in Nevada
In Nevada, most flood insurance is purchased through the government-backed National Flood Insurance Program (NFIP), but several private companies also offer it.
NFIP flood insurance, managed by the Federal Emergency Management Agency (FEMA), provides up to $250,000 to clean and repair flood damage to your home and up to $100,000 in contents coverage for your belongings.
Some private flood insurance companies offer higher coverage limits and/or additional coverages, such as loss of use. Loss of use covers certain temporary living expenses if a flood leaves your home uninhabitable during repairs.
If you live in a high-risk flood zone, your lender is likely to require flood insurance in addition to normal homeowners insurance. Flood insurance is also available on an optional basis if you don’t have a mortgage and/or if you live outside a high-risk area.
In Nevada, the average cost of flood insurance is $60 a month for policies issued by the NFIP. Average prices range from $61 a month in high-risk flood zones to $56 a month in moderate- and low-risk areas.
If you’re not sure of your home’s flood risk, or the flood risk of a home you’d like to buy, you can look it up online in the Flood Map Service Center on FEMA’s website.
Nevada homeowners insurance: frequently asked questions
On average, homeowners insurance in Nevada costs $1,124 a year for a typical home, or $94 a month. Prices range from $84 a month in Churchill County to $96 a month in Clark County.
Homeowners insurance is not required by state law in Nevada, but lenders typically require it for a mortgage. If your home is in a high-risk flood zone, your lender is likely to require flood insurance, too.
The average price of homeowners insurance in the city of Las Vegas is $97 a month. Prices in the greater Las Vegas area range from $89 in Henderson to $99 a month in Paradise.
Methodology
The rates shown in this article are based on an analysis of quotes for a standard HO-3 homeowners insurance policy for a typical home in every Nevada ZIP code. Unless otherwise notes, quoted rates are for policies with the following coverages, limits and deductible:
- 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
Sources:
Home insurance by city
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