The weather in Nevada consists of hot, humid summers followed by short, cold winters. With its relatively high risk of wildfires, residents of Nevada should prepare with a reliable homeowners insurance policy.
The average cost of homeowners insurance in Nevada is $1,239 per year or $103 a month. This is around 35% lower than the national average of $1,899.
But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Nevada.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best homeowners insurance companies in Nevada
Of the companies we looked at, American Family has the lowest home insurance rate in Nevada, with an average yearly policy cost of $959. With rates 22% less than the state average and a J.D. Power score of 831, American Family provides affordable coverage with a high customer and claims satisfaction ratings.
Policygenius analyzed thousands of quotes from the 5 largest Nevada insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Nevada residents to find the best homeowners insurance in Nevada.
Company | Average yearly cost | J.D. Power Rating |
|---|---|---|
State Farm | $1,283 | 835 |
Farmers | $1,239 | 813 |
Allstate | $1,272 | 829 |
American Family | $959 | 831 |
USAA | $961 | 882 |
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers or going a year without a claim
Read our full State Farm home insurance review
Why State Farm tops our best list
State Farm’s consistently high customer satisfaction ratings make it a great option in Nevada. Customers can file claims online, through the app, over the phone, and in person; its convenient and efficient mobile app is a great resource; and its website offers helpful tips and advice for homeowners.
How to get a quote
Online through State Farm
Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.
Pros
Several discounts and unique ways to save, including claim forgiveness and declining deductibles
3 flexible coverage packages with varying levels of protection for most coverage and budget needs
Offers extended and guaranteed replacement cost coverage options
File claims online, via text, on its mobile app, or by calling its claims center
Cons
Rates are typically more expensive
Below-average customer satisfaction ratings
No repair network to help you find a certified contractor or repair professional after filing a claim
Read our full Farmers home insurance review here
Why Farmers tops our best list
Farmers understands not all customers have the same coverage and budget needs, which is why it offers three distinct levels of protection. From a cost-effective policy that offers standard coverage to enhanced packages for those needing higher limits and more comprehensive coverage, Farmers has every customer covered.
How to get a quote
Online through Farmers
Why Allstate tops our best list
Allstate uses mobile claim units in areas affected by power outages and other constraints to make sure customers can file and process claims as quickly as possible. When a storm or other catastrophe makes it impossible for you to file a claim due to down power and phone lines, Allstate will come to you.
How to get a quote
Online through Policygenius or Allstate
American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.
Pros
Unique coverage add-ons, like matching siding insurance and hidden water damage coverage
Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together
Earn a $100 credit toward your deductible for ever year you go without filing a claim
File claims online or on its mobile app — with 24/7 claims support
Cons
Doesn't offer extended or guaranteed replacement cost coverage
Above-average customer complaints according to the NAIC
Why American Family tops our best list
The MyAmFam mobile app is a convenient tool for customers looking to access their insurance policy on the go. Not only can you view your ID cards and track your claims, the American Family app also allows you to schedule payments and set up auto-pay.
How to get a quote
Online through American Family
Why USAA tops our best list
Both active military members and veterans living in Nevada can take advantage of USAA’s low rates and above-average customer service. Along with insurance options, USAA members have access to banking and financial advice as well as perks like travel and car rental discounts.
How to get a quote
Online through USAA
Cheapest homeowners insurance companies by city in Nevada
Looking at average home insurance costs for the 15 most popular insurers in Nevada, we found that the cheapest homeowners insurance companies in the state are Auto-Owners Insurance, USAA, and American Family.
The lowest rates in some of Nevada’s largest cities are all with Auto-Owners Insurance: $669 in Reno, $648 in Carson City, $912 in Las Vegas, and $920 in Henderson.
City | Company | Average yearly cost |
|---|---|---|
Boulder City | USAA | $771 |
Caliente | Auto-Owners Insurance | $678 |
Carlin | Auto-Owners Insurance | $678 |
Carson City | Auto-Owners Insurance | $648 |
Elko | Auto-Owners Insurance | $678 |
Ely | Auto-Owners Insurance | $678 |
Fallon | Auto-Owners Insurance | $692 |
Fernley | Auto-Owners Insurance | $667 |
Henderson | Auto-Owners Insurance | $920 |
Las Vegas | Auto-Owners Insurance | $912 |
Lovelock | Auto-Owners Insurance | $667 |
Mesquite | Auto-Owners Insurance | $784 |
North Las Vegas | American Family | $877 |
Reno | Auto-Owners Insurance | $669 |
Sparks | Auto-Owners Insurance | $669 |
Wells | Auto-Owners Insurance | $678 |
West Wendover | Auto-Owners Insurance | $678 |
Winnemucca | Auto-Owners Insurance | $667 |
Yerington | Auto-Owners Insurance | $667 |
Shopping for homeowners insurance in Nevada
Nevada residents shopping for homeowners insurance will find the process less stressful by knowing how each coverage works and how much of each one they need. A Policygenius agent can help determine what coverage limits will prevent you from paying large bills after a covered loss.
In this section, we break down the average annual home insurance rates in Nevada for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Nevada.
Nevada home insurance costs by coverage amounts
Dwelling coverage is the part of your policy that covers repair or rebuild costs in the event your home is damaged by a covered peril, like a fire or windstorm. Your dwelling limit should be based on your home’s replacement value, which is the amount it takes to rebuild your home from the ground up — not its current market value or the price you paid for it.
In Nevada, a policy with $200,000 in dwelling coverage costs an average of $909 per year, while a policy with $300,000 in coverage has an average yearly cost of $1,239.
Dwelling coverage amount | Average yearly cost |
|---|---|
$100,000 | $611 |
$200,000 | $909 |
$300,000 | $1,239 |
$400,000 | $1,578 |
$500,000 | $1,959 |
Liability coverage is the part of your policy that protects you in case you are responsible for someone’s injury or property damage. Your liability coverage limit should be based on the total value of your assets, including your house, your car or other vehicles, and your liquid assets like cash and certain investments.
Liability coverage amount | Average yearly cost |
|---|---|
$100,000 | $1,244 |
$200,000 | $1,691 |
$300,000 | $1,239 |
$400,000 | $1,609 |
$500,000 | $1,218 |
Nevada home insurance costs by deductible amount
Your homeowners insurance deductible is the amount you’re responsible for paying on each covered claim before your insurance company reimburses you for the remainder of the damage or loss.
As seen in the table below, Nevada residents can save around $163 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|---|
$500 | $1,444 |
$1,000 | $1,239 |
$2,000 | $1,281 |
Home insurance discounts in Nevada
Insurance companies will often offer discounts on your rate if you install protective devices in your home. By adding safety features to your home, you’re safeguarding it against potential losses like house fires or break-ins, decreasing the likelihood that you’ll need to file a claim.
While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Nevada with deadbolts, smoke alarms, or burglar alarms.
Discount | Average yearly cost |
|---|---|
Dead bolt | $1,239 |
Smoke alarm | $1,237 |
Burglar alarm | $1,197 |
Home insurance companies in Nevada for dog owners
With an average rate of $961 per year, USAA has the cheapest home insurance rates in Nevada for a home with a dangerous dog breed, while State Farms’s average yearly premium of $1,283 is the highest.
Company | Average yearly cost |
|---|---|
USAA | $961 |
American Family | $969 |
Farmers | $1,239 |
Allstate | $1,272 |
State Farm | $1,283 |
Home insurance companies in Nevada for poor credit
Most home insurance companies look at your credit-based insurance score, a version of your credit history, to determine how risky you are to insure. Research shows that customers with poor credit are more likely to file claims, so some insurance companies will generally charge higher rates to customers with low credit scores.
With an average rate of $1,406 per year, American Family has the cheapest home insurance rates in Nevada for a homeowner with poor credit, while State Farm’s average yearly premium of $2,202 is the highest.
Company | Average yearly cost |
|---|---|
American Family | $1,406 |
USAA | $1,741 |
Farmers | $1,836 |
Allstate | $2,025 |
State Farm | $2,202 |
Home insurance companies in Nevada for pool owners
Insurance companies will often charge higher home insurance rates to pool owners, since they are more likely to file liability claims as a result of injuries. Some companies put less emphasis on pools when determining your rate, though, so it’s always a smart idea to shop around.
With an average rate of $961 per year, USAA has the cheapest home insurance rates for Nevada homes that have a swimming pool, while State Farm’s average yearly premium of $1,283 is the most expensive.
Company | Average yearly cost |
|---|---|
USAA | $961 |
American Family | $963 |
Farmers | $1,239 |
Allstate | $1,272 |
State Farm | $1,283 |
How to buy homeowners insurance in Nevada
Where you live in the state, as well as the age and value of your home, can have an impact on how much and what kind of coverage you need from a home insurance policy. Here are some tips for finding the best policy to suit your home:
Reach out to a licensed Policygenius agent. There are many options and factors to consider when buying homeowners insurance. A Policygenius agent can answer questions and offer assistance at no extra cost.
Ask about flood or earthquake insurance. Flash floods can occur out of nowhere, even in the desert. And Nevada is no stranger to earthquakes, either. Ask a Policygenius expert if you should consider flood or earthquake insurance to protect your home.
Figure out how much you can afford to pay for your deductible. If your home doesn’t face much natural disaster or severe weather risk, consider opting for a high deductible home insurance policy to lower your rate.
Compare quotes from a Policygenius agent. After narrowing down your policy options, a Policygenius agent can help you compare quotes from several insurance companies.
Choose your policy, sign, and pay your first premium. When you’ve found the right policy, a Policygenius expert can complete the paperwork for you to sign. All you have to do is make your first payment and you’re all set.
Frequently asked questions
How much is home insurance in Nevada?
The average cost of homeowners insurance in Nevada is $1,239 per year or $103 a month.
Does Nevada require homeowners insurance?
You are not legally mandated to have homeowners insurance in Nevada, but it may be required if you have a loan on your house. Some mortgage lenders require insurance to protect their investment in your home.
Is flood coverage included in my home insurance policy?
Home insurance does not cover water damage caused by flooding, but most insurers offer separate flood insurance through the National Flood Insurance Program.
