Best homeowners insurance in Nevada for 2022

We looked at policy cost, coverage quality, and unique policy offerings for Nevada residents to find the best homeowners insurance companies in Nevada.

Jessica Olivo

By

Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

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By

Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

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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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. 

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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.  

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

State Farm

State Farm logo

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

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

Farmers logo

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

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

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

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

American Family logo

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

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

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 Nevada’s three largest cities are all with Auto-Owners Insurance: $669 in Reno, $648 in Carson City, and $912 in Las Vegas.  

City

Company

Average yearly cost

Alamo

Auto-Owners Insurance

$678

Amargosa Valley

Auto-Owners Insurance

$667

Austin

Auto-Owners Insurance

$667

Baker

Auto-Owners Insurance

$678

Battle Mountain

Auto-Owners Insurance

$667

Beatty

Auto-Owners Insurance

$667

Blue Diamond

Auto-Owners Insurance

$784

Boulder City

USAA

$771

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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 yourcredit-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:

  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 insurance. Flash floods can occur out of nowhere, even in the desert. Ask a Policygenius expert if you should consider flood 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.

Methodology

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.

Author

Freelance contributor

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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