Find the Best Homeowners Insurance Rates and Companies in Nevada
The median home price in Nevada is nearly $438,000. With real estate values that are higher than the national average, it’s essential for homeowners in Nevada to protect their homes from threats like fire, theft, vandalism, and severe weather. If you own a home in Nevada, homeowners insurance can provide coverage for property damage and lawsuits.
An independent insurance agent can help you find the best home insurance in Nevada. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget.
Best Homeowners Insurance Companies in Nevada
Several insurance companies in Nevada offer home, car, and business insurance. The following are some of the best homeowners insurance companies in Nevada. They are highly rated for their mix of valuable coverage offerings and competitive pricing.
- Nationwide: Nationwide provides homeowners insurance and other popular types of insurance coverage in Nevada. The company is headquartered in Columbus, OH, and is represented by independent insurance agents in 50 states, including Nevada.
- Travelers: Travelers offers highly rated homeowners insurance in Nevada. It can meet your additional personal insurance needs with a full line of products including auto, boat, identity theft, umbrella, and other coverages.
- Progressive: Progressive is based in Ohio, but offers homeowners insurance across all 50 states, including Nevada. Nevada residents can look to Progressive for most of their personal insurance needs.
- Safeco: Safeco has been protecting individuals and families since 1923. The company offers homeowners insurance in Nevada, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
- Stillwater Insurance Group: Stillwater is a national personal and commercial lines carrier with rock-solid financial stability. The company can help you with your homeowners insurance needs in Nevada.
An independent insurance agent in your area can help you learn more about these and other homeowners insurance companies in Nevada. A local agent can help you get competitive quotes for the coverage that fits your Nebraska insurance needs.
What Homeowners Insurance in Nevada Can Cover
Having homeowners insurance in Nevada is the smart way to protect yourself from the worst things that can happen.
In Nevada, you face potential threats to your property all the time, including natural disasters like severe storms and tornadoes. Here are the top 5 property risks in the state:
- Wildfires and residential fires
- Flooding and other water damage
- Severe storms and lightning
- Burglary and other property crimes
- Heavy snow
Homeowners insurance in Nevada typically covers much of the damage caused by natural disasters, including wind, rain, hail, and fire damage. It also covers damage and other losses caused by a break-in or vandalism. But keep in mind that homeowners insurance in Nevada does not cover flood damage. For flood coverage, you’ll need to purchase a separate flood insurance policy.
Within a typical Nevada home insurance policy, you’ll find several coverage categories. These provide coverage for the inside and outside of your home according to your policy specifics. What’s more, your home insurance policy in Nevada covers expenses related to the temporary loss of use of your home after a covered event and provides liability coverage for when you're faced with a lawsuit or negligence claim.
A homeowners insurance policy typically categorizes coverage and coverage limits as follows.
- Dwelling coverage: Covers your house and attached structures. It also covers items like plumbing, heating, and permanently installed air-conditioning systems, and electrical wiring.
- Other structures coverage: Protects other structures on the property such as detached garages, tool sheds, retaining walls, and so on.
- Contents coverage: Protects the contents of your home and other personal belongings owned by you or family members who live with you.
- Loss of use coverage: Helps you with additional living expenses if your home is damaged by a covered peril (e.g., a fire) and you cannot live in your home while repairs are being made. It typically covers expenses like housing, meals, storage, and more, as long as they are in line with your usual living expenses.
- Personal liability coverage: Provides coverage if you or a resident of your household is responsible for causing property damage or an injury to someone else.
You can also customize your policy to cover other risks. You can add coverage for identity theft, sewer and water backup, scheduled personal property, business property, and more.
A local independent insurance agent can help you find homeowners insurance in Nevada.
What Homeowners Insurance in Nevada Will Not Cover
Homeowners insurance in Nevada excludes coverage for certain losses. It does not cover everything that can go wrong with your home or on your property.
First, the liability coverage in your homeowners insurance policy has certain limitations. If you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.
Moreover, your property coverage will not cover every type of property damage you might encounter. Almost all homeowners insurance policies in Nevada exclude coverage for property damage caused by the following:
- Ordinance or law (e.g., demolition or construction required to bring your house up to code)
- Earth movement (e.g., earthquakes, sinkholes, landslides)
- Water damage due to floods, sewer backups, and water that seeps through the foundation
- Power failure
- Neglect
- War
- Nuclear hazard
- Intentional acts
- Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
- Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance
To avoid any surprises down the road, be sure to understand what your home insurance in Nevada does and does not cover when you decide to purchase a policy. An independent insurance agent can help you understand your Nevada home insurance policy.
Flood Damage in Nevada
If you’re a homeowner in Nevada it’s important to understand that your homeowners insurance does not cover flood damage. And you may actually reside in an area that is designated as a high-risk flood zone. You need flood insurance to make sure that your home and belongings are covered in the event of a damaging flood.
It’s important to discuss your need for supplemental flood insurance with your independent insurance agent.
If necessary, your agent can help you purchase flood insurance from the National Flood Insurance Program (NFIP), a program established by the federal government to help homeowners recover after a flood event.
Average Cost of Homeowners Insurance in Nevada
Nevada is the 48th most expensive state for homeowners insurance in the US. The average home insurance cost in Nevada is less than the national average.
- National average annual homeowners insurance premium: $1,211
- Nevada average annual homeowners insurance premium: $755
Your home insurance rates in NV may be higher or lower than average, depending on your home’s unique characteristics (size, location, age, value, etc.) and other risk factors (crime rate, severe weather risk) in your neighborhood.
Expect to pay more if your property's location has more weather or disaster hazards than most. You will also pay more if your home costs more to repair or rebuild than others, or if you live in a high-crime ZIP Code.
A local independent insurance agent can help you get home insurance quotes in Nevada.
Average Nevada Home Insurance Costs by City
Homeowners insurance costs vary by city just like they vary from home to home, and state to state. If you live in a city with a high crime rate or a history of natural disasters, you’ll likely pay more for homeowners insurance than someone who lives in a very safe city. Residents of larger cities often pay more than those who live in rural areas.
Reno has some of the highest home insurance rates in Nevada, on average. In general, home insurance rates in some of the larger cities in Nebraska hover around $60 - $70 per month.
Average Nevada Home Insurance Costs by City
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Avg. home value | Burglaries / 1,000 homes | Annual insurance cost |
| Carson City | $339,226 | n/a | $758 |
| Enterprise | $315,889 | n/a | $848 |
| Fernley | $208,834 | n/a | $618 |
| Henderson | $387,736 | 3.37 | $812 |
| Las Vegas | $299,387 | 7.28 | $722 |
| North Las Vegas | $213,492 | 5.37 | $621 |
| Pahrump | $264,878 | n/a | $642 |
| Paradise | $277,126 | n/a | $695 |
| Reno | $565,861 | 4.25 | $914 |
| Sparks | $324,196 | 5.57 | $852 |
| Spring Valley | $337,114 | n/a | $758 |
| Summerlin South | $691,140 | n/a | $880 |
| Sunrise Manor | $207,855 | n/a | $510 |
| Whitney | $188,147 | n/a | $544 |
| Winchester | $204,350 | n/a | $575 |
Popular Questions about Nevada Home Insurance
Homeowners in Nevada pay about $755 per year or $63 per month, on average, for home insurance. Nevada is ranked 48th in the nation for home insurance rates. That means that many Nevada homeowners will pay less for their home insurance coverage than residents of other states. But most homeowners will pay more or less than average, depending on the specific risk factors for their home and neighborhood.
The main purpose of homeowners insurance is to cover property damage. Home insurance policies in Nevada will include dwelling coverage, other structures coverage, contents coverage, and loss of use/additional living expenses coverage.
Homeowners insurance in Nevada also includes homeowners liability coverage. It protects you when someone claims you have caused an injury or property damage. It covers the injured party's expenses (e.g., medical bills, property repairs) and your legal fees if you're sued. After a lawsuit, it can even cover financial settlements or court-ordered judgments.
There is no law that requires you to purchase home insurance in Nevada. But it’s important to understand that your mortgage lender will require you to have homeowners insurance and will require proof that you have it. With over $314 million home insurance claims paid in Nevada in one year alone, proper home insurance protection is necessary to avoid major losses.
Nevada homeowners insurance rates are not one-size-fits-all. Insurance companies calculate your rates by looking at your home, the risk factors for your neighborhood, and your specific coverage needs.
If you live in a ZIP Code with a high crime rate or that is highly susceptible to natural disasters, you can expect to pay more than someone living in a safer area. For example, if you live in an area of Nevada that has a history of wildfires (there are around 71 fires per year in the state), your home insurance costs may be higher than others.
You have a lot of options for your homeowners insurance policy in Nevada. The best homeowners insurance companies in Nevada are Travelers, Progressive, Stillwater Insurance Group, Nationwide, and Safeco. These companies are highly rated for their mix of valuable coverage offerings and competitive pricing.
Yes. Nevada has 142 independent insurance agencies to choose from when selecting home insurance. Independent agents work for you free of charge, ensuring that you get the best options for an affordable rate.
The average cost of home insurance in Las Vegas, NV, is $60 per month, or $720 per year.
Searching for the best and most affordable homeowners insurance in Nevada can be frustrating and confusing. That’s why it pays to have an experienced insurance professional in your corner.
Instead of getting an online quote, find an independent insurance agent in Nevada now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice.
Contact an agent today for a free, no-obligation consultation.
Do You Know What Your Nevada Home Insurance Covers?
Average Cost of Home Insurance Near You
The average monthly cost of home insurance in Henderson is $68.
What you may actually be expected to pay is likely to differ from this average amount. This is because rates are calculated using a number of factors such as the size of your house, the value of your property, the age of your roof, the crime rate and weather risks in your ZIP Code, your claims history, and the amount of your deductible.
What would you do if a windstorm caused a tree to fall onto your house? This could cause significant damage to your roof, siding, and windows, and could even impact the structural integrity of your house. Fortunately, when you have a solid homeowners insurance policy backing you up, you do not need to worry about how you will be able to pay for repairs.
The average monthly cost of home insurance in Las Vegas is $60.
Obviously, your house is not exactly the same as every other house in your ZIP Code. While you and your neighbors may face the same crime and weather risks, your homeowners insurance premium is also based on factors like the size and value of your home, the amount of contents coverage you need, your claims history, and the size of your deductible. Your quoted rate for home insurance may therefore be higher or lower than this average.
One of the most common hazards faced by homeowners in Las Vegas is property crime. This city, where residents report more than 12,000 burglaries in a typical year, has one of the highest burglary rates in the state. Fortunately, your home insurance covers against property loss and damage to your house if you are the victim of a property crime like burglary or vandalism.
The average monthly cost of home insurance in Paradise is $58.
Because homeowners insurance rates are completely customized on a case-by-case basis, your monthly premium may be higher or lower than this average. Insurance companies consider your home’s size, value, location, and other factors when they calculate your monthly rate.
Many residents of Paradise have an elevated risk of experiencing flood damage. When this area sees heavy, prolonged rains, drainage systems can quickly be overwhelmed and flash flooding can occur. Unfortunately, flood damage is not covered by homeowners insurance, so you will need a supplemental flood insurance policy through the National Flood Insurance Program (NFIP) in order to be fully covered.
The average monthly cost of home insurance in Reno is $76.
Of course, Reno is a big city, and some neighborhoods are more expensive than others when it comes to home insurance. Homeowners in Carmel Valley will pay higher average rates than those who live in Balboa Park.
Wildfires pose a significant risk in Reno and the surrounding areas. If wildfires make their way into your neighborhood, there is a very real risk that your house and all the property within it can be lost. This is one of the many reasons that a solid homeowners insurance policy is so important. You will want to be sure that your dwelling and contents coverage limits are high enough to enable you to completely recoup your losses.
The average monthly cost of home insurance in Spring Valley is $63.
Keep in mind, however, that homeowners insurance rates can vary from one property owner to the next, even within the same neighborhood. Your actual rate will be based on factors like the size, value, and location of your home, the materials used in your house’s construction, your claims history, the size of your deductible, and sometimes even your credit score.
Though not an overly common risk, Spring Valley residents occasionally experience hailstorms. In 2016, there were a dozen hailstorms reported in the Spring Valley vicinity, and in 2012, the area was hit with hailstones that measured as large as two inches in diameter. Hailstones that exceed one inch in diameter can cause significant damage to roofs, siding, and windows. Fortunately, if your property is damaged by hail, your homeowners insurance can cover the cost of making repairs.