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 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 |
|---|---|---|---|
Overall | $107 | 4.8 out of 5 | |
Coverage add-ons | $103 | 4.5 out of 5 | |
Low rates | $80 | 4.5 out of 5 | |
Short term rental owners | $106 | 4.4 out of 5 | |
New homeowners | $155 | 4.3 out of 5 |
Best overall home insurance in Nevada: State Farm
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
All 50 states
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
American Family
4.5
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
Allstate
4.4
Bundle home & auto
Smart home discounts
All 50 states
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
AAA
4.3
New homebuyer discount
Mobile app
Bundle home & auto
All 50 states
Offers earthquake insurance
Offers flood insurance
Offers extended replacement cost
Why we chose it
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 cons
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 details
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.
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% |
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 |
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 |
$771 | |
$959 | |
$961 | |
$1,239 | |
$1,262 | |
$1,272 | |
$1,283 | |
$1,738 | |
$1,860 |
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 |
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 |
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 |
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:
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.
