Best homeowners insurance in Las Vegas, NV for 2022

Jessica Olivo

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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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Las Vegas is known for many things, but severe weather is not necessarily one of them. Still, it only takes one flash flood, earthquake, or uncontained wildfire to cause massive damage to a house and if that happens, you’ll be happy to have homeowners insurance and additional flood or earthquake coverage if you live in the Las Vegas area. 

The average cost of homeowners insurance in Las Vegas is $1,370 per year or $114 a month. This is around 11% higher than the statewide average of $1,239 per year, and about 38% lower than the national average of $1,899.

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Las Vegas.  

Best homeowners insurance companies in Las Vegas

American Family has the lowest home insurance rate in Las Vegas, with an average yearly cost of $945 — about $425 less than the city average. USAA makes for an excellent home insurance option for Vegas military members and their families, combining a low average rate of $1,023 per year with an impressive customer satisfaction score with J.D. Power. 

Policygenius analyzed thousands of quotes from the 5 largest Las Vegas 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 Las Vegas residents to find the best homeowners insurance in Las Vegas.

Company

Average yearly cost

J.D. Power Rating

State Farm

$1,431

835

Farmers

$1,250

813

Allstate

$1,497

829

American Family

$945

831

USAA

$1,023

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

It’s easy to see why State Farm scores so well for customer satisfaction with J.D. Power. With multiple ways to access your policy — including online and through its mobile app — State Farm makes it easy to file and keep track of your claim. Its website has plenty of resources for customers and provides helpful information for homeowners to keep you well informed. 

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

Even with yearly rates below the Las Vegas average, you can save even more money through Farmers’ copious discounts. Along with standard discounts for bundling policies and installing home safety devices, you can also save just by being a non-smoker, going paperless, and paying your bills on time. Farmers offers additional discounts to teachers, first responders, medical professionals, and other occupations. 

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

In the event Las Vegas is impacted by a natural disaster, you may not be able to get in touch with your insurance company to file a claim due to down power and phone lines and internet outages. This is why Allstate’s mobile catastrophe team will move into an area affected by a disaster and help customers file claims in person, so you don’t have to wait to get your home, and your life, back in order. 

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

American Family’s diminishing deductible program helps homeowners reduce their deductible amount each year to save on out-of-pocket expenses during a claim. Every year you remain claim-free, American Family will reduce your deductible by $100.

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

USAA’s partnership with ADT adds up to discounts for customers just for making your home more secure. USAA customers can receive a discount for ADT products and monitoring and can also see savings on their premium. With a safer home, you are less likely to file a home insurance claim, which is good for your insurer, too. 

How to get a quote

Online through USAA

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Cheapest homeowners insurance companies by ZIP code in Las Vegas

Looking at average home insurance costs for 15 of the most popular companies in Las Vegas, we found that the cheapest home insurance in the city can be found in the 89161 (Mountain Springs) and 89165 (Downtown) ZIP codes with USAA. The average USAA rate in these areas is $719 per year — 87% less than the city average of $1,370 per year. 

Las Vegas residents can find cheap home insurance rates from both USAA and Auto-Owners Insurance throughout the city.

ZIP code

Company

Average yearly cost

89101

Auto-Owners Insurance

$893

89102

Auto-Owners Insurance

$893

89106

Auto-Owners Insurance

$893

89107

Auto-Owners Insurance

$893

89108

American Family

$920

89110

Auto-Owners Insurance

$893

89117

Auto-Owners Insurance

$920

89124

USAA

$834

The most affordable areas for homeowners insurance in Las Vegas

With an average home insurance rate of $1,182 per year, the 89143 ZIP code is the most affordable area for home insurance in Las Vegas. Most of the homes in this area were built in the last 20 years, which often contributes to lower home insurance rates because they are less expensive to rebuild. 

ZIP code

Average yearly cost

89143

$1,182

89138

$1,205

89149

$1,217

89179

$1,234

89131

$1,235

The most expensive areas for homeowners insurance in Las Vegas

With an average home insurance rate of $1,699, the 89101 ZIP code (Downtown) is the most expensive area for home insurance in Las Vegas.A majority of homes in this area were built in the 1970s, making them more expensive to insure. This area also has higher crime rates, which can also lead to higher rates. 

ZIP code

Average yearly cost

89101

$1,699

89106

$1,663

89146

$1,546

89107

$1,501

89158

$1,489

Shopping for homeowners insurance in Las Vegas

When shopping for homeowners insurance, it’s important to have an idea of how each coverage works and how much you need. Las Vegas residents should also account for risk factors like property crime, flooding, and the possibility of wildfires — all of which could lead to costly insurance claims. 

In this section, we break down the average annual home insurance rates in Las Vegas 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 Las Vegas.

Las Vegas home insurance costs by coverage amounts

Dwelling coverage is the part of your policy that pays to repair or rebuild your home after a covered loss. Your dwelling coverage limit should be based on your home’s replacement cost — not its market value or purchase price. 

As the table demonstrates, more dwelling coverage equals pricier home insurance. In Las Vegas, you will pay an average of $378 more for a policy with $300,000 in dwelling coverage than that of a policy with $200,000 in coverage. 

Dwelling coverage amount

Average yearly cost

$100,000

$671

$200,000

$1,003

$300,000

$1,370

$400,000

$1,748

$500,000

$2,171

Liability coverage covers medical or legal bills in the event you’re responsible for an injury. To make sure you’re protected, your liability coverage limit should be high enough to cover the total value of your assets, such as your home, vehicles, and liquid assets.

Liability coverage amount

Average yearly cost

$100,000

$1,382

$200,000

$1,903

$300,000

$1,370

$400,000

$1,708

$500,000

$1,353

Las Vegas home insurance costs by deductible amount

Your policydeductible is the amount you pay toward each claim before your insurance company reimburses you for the remainder of a loss. A high deductible home insurance policy is generally cheaper than a low deductible plan, but be careful to not set it at an amount you can’t afford to pay in the event of a claim.

As seen in the table below, Las Vegas residents can save around $186 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$1,612

$1,000

$1,370

$2,000

$1,426

Home insurance discounts in Las Vegas

Insurance companies will often offer you discounts if you add a burglar alarm, smoke detector, or deadbolt locks to your house as an incentive to make your home safer. 

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 Las Vegas with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$1,370

Smoke alarm

$1,369

Burglar alarm

$1,321

Home insurance companies in Las Vegas for dog owners

In most of the country, insurance companies will often charge higher rates for owners of certain dog breeds. However, Nevada recently passed legislation banning the practice in the state. As a result, home insurance companies can no longer discriminate against any particular dog breeds. 

With an average rate of $955 per year, American Family has the cheapest home insurance rates in Las Vegas for a home with a dangerous dog breed, while Allstate’s average yearly premium of $1,497 is the highest.

Company

Average yearly cost

American Family

$955

USAA

$1,023

Farmers

$1,250

State Farm

$1,431

Allstate

$1,497

Home insurance companies in Las Vegas for poor credit

Insurance companies may check your credit score as a factor in determining your home insurance rate. Since people with low credit scores are more likely to file a claim, you will often see higher premiums if you have poor credit.  

Not all insurance companies factor your credit score into your rate as heavily as others, however, so it’s wise to shop around and compare rates from multiple companies

With an average rate of $1,377 per year, American Family has the cheapest home insurance rates in Las Vegas for a homeowner with poor credit, while State Farm’s average yearly premium of $2,456 is the highest.

Company

Average yearly cost

American Family

$1,377

USAA

$1,818

Farmers

$1,861

Allstate

$2,413

State Farm

$2,456

Home insurance companies in Las Vegas for pool owners

Pool owners may see higher home insurance rates since pools tend to cause injuries and liability claims. 

Since some insurance companies weigh this factor more than others when determining your home insurance rates, it’s prudent to compare quotes from different companies. 

With an average rate of $949 per year, American Family has the cheapest home insurance rates for Las Vegas homes that have a swimming pool, while Allstate’s average yearly premium of $1,497 is the most expensive.

Company

Average yearly cost

American Family

$949

USAA

$1,023

Farmers

$1,250

State Farm

$1,431

Allstate

$1,497

How to buy homeowners insurance in Las Vegas

There are many affordable options to choose from when shopping for home insurance in Las Vegas. A Policygenius agent can help you on your way to finding the right company, and policy, to suit your needs. 

Here are some steps to help you get started: 

  1. Reach out to a licensed Policygenius agent. A Policygenius agent can answer any questions you have, help you to choose the right amount of coverage, and narrow down your options. We can assist you at every step of the process without any added costs or fees. 

  2. Ask about flood insurance options. You don’t have to live in a flood zone to be impacted by a flood. It only takes one big flood event to cause catastrophic damage to your home, so talk to a Policygenius agent about separate flood insurance. 

  3. Figure out how much you can afford to pay for your deductible. Choosing a high policy deductible can lower your premiums significantly, so if your house doesn’t face much or any risk, it may be worth setting your deductible to $2,000 or higher.

  4. Compare quotes from a Policygenius agent. Our agents can help you compare quotes from several different companies and make recommendations based on your coverage and budget needs.

  5. Choose your policy, sign it, and pay your first premium. Once you choose a home insurance policy, all that’s left for you to do is sign and pay your first premium. A Policygenius agent will take care of the rest.

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Frequently asked questions

How much is homeowners insurance in Vegas?

The average cost of homeowners insurance in Las Vegas is $1,370 per year or $114 a month.

What is the average cost of homeowners insurance in Nevada?

The average cost of homeowners insurance in Nevada is $1,239 per year.

Is homeowners insurance required in Nevada?

Homeowners insurance is not legally required in Nevada, but your mortgage lender may require it before extending you a loan.

Who has the cheapest home insurance rates in Las Vegas?

American Family has the lowest overall home insurance rates in the city, with an average yearly cost of $945, but USAA and Auto-Owners Insurance have the cheapest rates in several Las Vegas ZIP codes.

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.