Best homeowners insurance in Nevada (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Nevada.

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By

Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.
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Reviewed by

Britta M. MossBritta M. MossProperty & casualty claim consultant and expert witnessBritta M. Moss, CPCU, SCLA, AIC-M, has over 25 years of insurance industry experience. In her work as a property and casualty claim consultant, she provides consultation and expert witness services in claim handling standards, practices, and norms.  She has been retained by law firms representing plaintiffs and those representing insurer defendants involved in disputes or litigation regarding coverage analysis, investigation, liability determination, damage evaluation, negotiation and settlement.  She is a graduate of The Ohio State University. 

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Living in Nevada comes with a relatively high risk of wildfires, which means residents of Nevada should prepare with a reliable homeowners insurance policy. 

The average cost of homeowners insurance in Nevada is $1,191 per year or $99 a month. This is around 32% lower than the national average of $1,754. 

Compare home insurance rates in Nevada

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Compare the best homeowners insurance companies in Nevada

Policygenius analyzed thousands of quotes from the 5 largest Nevada insurers to find the average cost of homeowners insurance with each company in 2023. We then looked at 2022 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

Best for...

Average monthly cost

Policygenius rating

State Farm

Overall

$107

4.8 out of 5

Farmers

Coverage add-ons

$103

4.5 out of 5

American Family

Low rates

$80

4.5 out of 5

Allstate

Short term rental owners

$106

4.4 out of 5

AAA

New homeowners

$155

4.3 out of 5

Best overall home insurance in Nevada: State Farm

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

All 50 states

Why we chose itchevron icon

State Farm home insurance scores a near-perfect 4.8 out of 5 thanks to its slew of coverage add-ons, high marks on J.D. Power’s customer satisfaction surveys, and strong financial stability ratings.

Pros and conschevron icon

Pros

  • Save up to $1,127 per year when you bundle your home and auto insurance

  • Excellent line-up of policy add-ons, including extended replacement cost coverage

Cons

  • No longer sells home insurance policies in California

  • 20% more complaints filed with the NAIC than other companies of its size

More detailschevron icon

Why State Farm is one of our top picks

At a time when lots of competitors are no longer insuring homes in areas prone to wildfires or hurricanes, State Farm continues to offer its relatively affordable and highly rated home insurance to homeowners in every corner of the country.

And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in high-risk states nationwide.

Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.

How do State Farm home insurance rates compare to the Nevada average?

A State Farm home insurance policy in Nevada costs an average of $1,283 per year.

In comparison, the average cost of home insurance in Nevada is $1,191 per year, according to sample quotes provided to Policygenius from Quadrant Information Services. This is less than the national average of $1,754 per year.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

Best home insurance for coverage add-ons in Nevada: Farmers

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2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Along with saving around 20% when you bundle your home and car insurance, Farmers also gives you access to its extensive suite of discounts, unique policy credits, and claim-free incentives that help put money back in your pocket.

Pros and conschevron icon

Pros

  • 12+ discounts to save on rates

  • Extended and guaranteed replacement cost for your home

  • Shave $50 off your deductible each year you’re with Farmers

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

More detailschevron icon

Why Farmers is one of our top picks

Farmers home insurance stands out against competitors thanks to the slew of discount opportunities and policy perks available.

It offers 17 home insurance discounts — its competitors average just seven — and policy perks that aren't easy to come by, including:

  • Declining deductibles: Earn $50 toward your home deductible each year you have a home insurance policy with Farmers.

  • Claim forgiveness: Once you’ve gone five years without filing a claim, Farmers won’t raise your rate after that if you end up filing one.

Even more, depending on your state of residence, you can save up to 45% on your auto insurance and up to 34% on your home insurance when you bundle policies, according to farmers.

How much does Farmers home insurance cost in Nevada?

The average Nevada home insurance policy through Farmers is $1,239 per year.

In comparison, the average cost of home insurance in Nevada is $1,191 per year, according to sample quotes provided to Policygenius from Quadrant Information Services. This is much less than the national average of $1,754 per year.

How to get a quote

Online through Farmers

Best home insurance for low rates in Nevada: American Family

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2024 Policygenius award winner

American Family

American Family home insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Offers flood insurance

Bundle home & auto

Why we chose itchevron icon

American Family home insurance has industry-best coverage options, high customer service ratings, and several discounts to compliment its already affordable rates, making it a great option in the 19 states where it’s available.

Pros and conschevron icon

Pros

  • Affordable rates and 11 available discounts

  • Ranked #2 in J.D. Power’s 2022 U.S. Home Insurance Study

  • Diminishing deductible feature to lower out-of-pocket claim costs

Cons

  • Only available in 19 states

  • Offers online quotes, but requires talking to an agent to complete the process

More detailschevron icon

Why American Family is one of our top picks

When it comes to both the breadth and quality of home insurance policy options, there are few companies in the same league as American Family.

Choose from three comprehensive policy tiers with various levels of protection, or customize a policy to your liking with up to 15 additional coverage options, including inland flood, equipment breakdown, and service line coverage.

We especially like its rare diminishing deductible feature that takes $100 off your policy deductible each year you go without filing a claim — a perk few competitors offer.

While it only writes homeowners insurance in 19 states, American Family is the seventh largest home insurer in the United States — which indicates it’s a popular option in the places it operates.

How much does American Family home insurance cost?

The average American Family home insurance policy in Nevada is $959 per year, a little less than the state average.

In comparison, the average cost of home insurance in Nevada is $1,191 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online with American Family agent

Best home insurance for short term rental owners in Nevada: Allstate

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2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.4

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

All 50 states

Why we chose itchevron icon

Whether you’re looking for bare-bones coverage on the cheap or a more comprehensive policy package with additional coverages and features like short-term rental coverage and deductible rewards, you’ll likely be able to find it with Allstate.

Pros and conschevron icon

Pros

  • High-quality and flexible policy options

  • Numerous discounts and features that help you save

  • Below-average customer complaints

Cons

  • No longer sells home insurance policies in California

  • Below-average digital experience rating with J.D. Power

More detailschevron icon

Why Allstate is one of our top picks

If you rent out your property through a short-term rental service like Airbnb and a guest destroys or steals your property, Allstate’s HostAdvantage will pay up to $10,000 per rental host period to replace or repair your property.

And the best part? This coverage can be added directly onto your home insurance policy for a small additional fee. To put this into context, only about one-third of the nearly 70 home insurance companies we reviewed even offer home-sharing coverage at all.  

How much does Allstate home insurance cost compared to the Nevada average?

The average cost of an Allstate home insurance policy in Nevada is $1,272 per year.

In comparison, the average cost of home insurance in Nevada is $1,191 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

Best home insurance for new homeowners in Nevada: AAA

award icon

2024 Policygenius award winner

AAA

AAA logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.3

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

New homebuyer discount

Mobile app

Bundle home & auto

All 50 states

Offers earthquake insurance

Offers flood insurance

Offers extended replacement cost

Why we chose itchevron icon

AAA lands the top spot for new homeowners thanks to its new homebuyer discount that offers average savings of around 37% off your home insurance rates and robust coverage add-ons to ensure your new home is fully protected.

Pros and conschevron icon

Pros

  • Affordable rates, plus 15+ home insurance discounts available

  • 20+ policy coverages and add-ons — including flood and earthquake insurance

  • Slew of other perks and discounts that come with AAA membership

Cons

  • AAA membership required to purchase home insurance

  • Coverages, discounts, and claims experience will vary by the regional AAA auto club you receive insurance through

  • Below-average customer satisfaction scores — and 4 times more NAIC complaints than similar home insurance companies

More detailschevron icon

Why AAA is one of our top picks for homeowners

AAA takes the cake for new homeowners thanks to its steep new homebuyer discount that offers average savings of around 37% off your home insurance rates — far beyond what we've seen with competitors in our analysis.

You'll also save even more if you bought a brand-new home, purchased your policy before it needs to go into effect, or have an active AAA membership.

We also like AAA for new homeowners thanks to its stellar selection of coverage add-ons to insure your new home is fully protected, including extended replacement cost coverage for your home, replacement cost coverage for your personal belongings, water damage protection, flood insurance, earthquake coverage, and more.

How much does AAA home insurance cost in Nevada?

The national average cost of home insurance with AAA if you're a new homeowner in Nevada is $1,860 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online with AAA

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.

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How much is homeowners insurance in Nevada?

The average cost of homeowners insurance in Nevada is $1,191 per year, or $99 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Nevada is 32% less expensive than the national average cost of $1,754 per year.

Nevada homeowners insurance rates by city

Home insurance rates can vary substantially depending on which city your home is located in, as homes in certain Nevada cities may be more prone to extreme weather damage or property crime than others.

Here’s a look at the average cost of home insurance in the 20 largest cities in Nevada.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Las Vegas

$104

$1,249

5%

Henderson

$99

$1,183

-1%

North Las Vegas

$105

$1,256

5%

Reno

$97

$1,165

-2%

Sparks

$95

$1,141

-4%

Carson City

$97

$1,168

-2%

Fernley

$96

$1,157

-3%

Mesquite

$103

$1,239

4%

Elko

$96

$1,149

-4%

Boulder City

$105

$1,254

5%

Fallon

$93

$1,121

-6%

Winnemucca

$92

$1,109

-7%

West Wendover

$99

$1,186

0%

Ely

$98

$1,175

-1%

Yerington

$95

$1,139

-4%

Carlin

$97

$1,165

-2%

Lovelock

$93

$1,121

-6%

Wells

$97

$1,169

-2%

Caliente

$99

$1,190

0%

Spring Valley

$104

$1,247

5%

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Nevada homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Nevada for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Coverage amount

Average annual cost

$100,000

$590

$200,000

$878

$300,000

$1,191

$400,000

$1,496

$500,000

$1,866

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Cheapest homeowners insurance companies in Nevada

Looking at average home insurance costs for the most popular insurers in Nevada, we found that the cheapest homeowners insurance companies in Nevada are Universal, Auto-Owners, and American Family.

Company

Average annual cost

Universal

$769

Auto-Owners Insurance

$771

American Family

$959

USAA

$961

Farmers

$1,239

Nationwide

$1,262

Allstate

$1,272

State Farm

$1,283

Country Financial

$1,738

AAA

$1,860

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Cheapest Nevada homeowners insurance if you have poor credit

If you have a poor credit score, your homeowners insurance rates will be higher. Insurance companies charge higher premiums to homeowners with lower credit scores because they believe these policyholders are more likely to make future claims. According to our research, the cheapest homeowners insurance company for Nevada residents with poor credit is Universal.

Company

Average annual cost

Universal

$1,037

Auto-Owners Insurance

$1,272

American Family

$1,406

USAA

$1,741

Farmers

$1,836

Nationwide

$1,872

Allstate

$2,025

State Farm

$2,202

Country Financial

$2,636

AAA

$5,927

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Cheapest Nevada homeowners insurance if you have an older home

Older and historic homes are usually more expensive to insure than newer homes. Insurers consider them a higher risk because they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code.

Here are the cheapest home insurance options in Nevada for a 50-year-old home.

Company

Average annual cost

Auto-Owners Insurance

$731

Universal

$769

USAA

$938

American Family

$998

Farmers

$1,186

State Farm

$1,241

Allstate

$1,272

Nationwide

$1,303

Country Financial

$1,467

AAA

$2,098

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Cheapest Nevada homeowners insurance if you have a history of claims

One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more claims later on.

Here are the cheapest home insurance companies in Nevada for a homeowner with three claims within a five-year period.

Company

Average annual cost

Universal

$1,083

Auto-Owners Insurance

$1,296

State Farm

$1,306

USAA

$1,512

American Family

$1,824

Allstate

$2,169

Farmers

$2,197

Country Financial

$2,199

Nationwide

$2,569

AAA

$5,978

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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:

5 steps for buying homeowners insurance in Nevada

  1. 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. 

  2. 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. 

  3. 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.

  4. Compare quotes from a Policygenius agent. After narrowing down your policy options, a Policygenius agent can help you compare quotes from several insurance companies.

  5. 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.

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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.

Author

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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