Best and Cheapest Homeowners Insurance in Nevada as Rated by Customers in 2022

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#1
/43
4.84 ★★★★★
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Rated Prices
Excellent
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#2
/43
USAA
4.71 ★★★★★
4.71 ★★★★★
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Rated Prices
Excellent
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#3
/43
4.45 ★★★★★
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Excellent
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You probably don’t want to think about the potential need to file one or more homeowners insurance claims throughout your time as a homeowner, but it’ll likely happen at some point! From unexpected natural disasters to theft or vandalism, there are many things that may cause you to file a claim. In the event something happens, don’t you want to feel confident you’ve protected your home with one of the best Nevada homeowners insurance companies?

To help you be more confident in your homeowners insurance company selection, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Nevada home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance that’s available in Nevada. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best Nevada homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies in Nevada, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

Who offers the best homeowners insurance rates in Nevada for a $200K home?

Of the homeowners insurance companies analyzed, Allstate has the cheapest homeowners insurance rates, on average, for a $200K home in Nevada.

In the table below, compare the average Nevada home insurance rates for the four of the largest companies in the state.

Company Average rates for $200K dwelling
Allstate Insurance $552
Farmers Insurance Group $701
State Farm Insurance Company $679
Travelers Companies, Inc. $579

These rates are based on a $200,000 dwelling the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Nevada will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Nevada for a $400K home?

For a $400K home in Nevada, Allstate has the cheapest average home insurance rates when compared to some of the other largest companies in the state.

See the average Nevada homeowners insurance rates for Allstate, Farmers, State Farm and Travelers in the table below.

Company Average rates for $400K dwelling
Allstate Insurance $932
Farmers Insurance Group $1,394
State Farm Insurance Company $1,067
Travelers Companies, Inc. $1,017

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Nevada will differ. Rate data is provided by Quadrant Information Services.

What do Nevada property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Nevada compare to other states around the country? The FBI published the following statistics on crime in Nevada for 2016:

  • Property crime - 76,047
  • Burglary - 18,850
  • Larceny theft - 44,017

When compared to the national average rate per 100,000 inhabitants, property crime and burglary in Nevada rank above the national average but larceny theft ranks below.

What do Nevada disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Nevada federally declared disasters since 1953:

  • Fire - 50
  • Flood - 11
  • Severe storm - 7
  • Snow - 2
  • Earthquake - 1
  • Hurricane - 1

How are homeowners insurance rates calculated in Nevada?

Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance in Nevada may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

  • The level of coverage required
  • The size of your mortgage
  • Your credit score
  • The square footage of your home
  • The geographic location of your home in Nevada
  • The condition of your home
  • The age of your home
  • The proximity of your home to a fire station
  • Your previous claims record
  • The amount of your deductible
  • Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

The average cost of homeowners insurance in Nevada is way lower than the national average cost Americans pay for home insurance coverage. In fact, the insurance costs for homeowners policies in Nevada are cheaper than in many surrounding states. Many factors go into determining home insurance premiums. Due to the cheap cost of materials and labour, the cost of claims is lower. In addition, some parts of Nevada are not exposed to the risk for home damage.

Homeowners in Nevada should take in mind the most common causes of damage in the state in order to know what home insurance coverage to buy to protect their assets. Nevada is not much exposed to natural disasters, but some common causes of loss include: flood damage, water damage, wildfires and smoke damage, hailstorms and thunderstorms, earthquakes.

Most homeowners insurance providers offer standard home insurance policies which include: dwelling coverage, personal property coverage, liability coverage, medical payments coverage and additional living expenses. However, there are some additional coverage options that homeowners might choose for extra protection. Additional coverage options include: flood insurance, earthquake insurance, water backup insurance.

If you are still not sure about the insurance coverage options you should choose, talking to an insurance agent might help you make the right choice.

How does Clearsurance rate and rank the best homeowners insurance companies in Nevada?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

  • Price
  • Customer Service
  • Claim service
  • Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Homeowners Insurance Guide

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Nevada homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!

Frequently Asked Questions

Who offers the best homeowners insurance rates in Nevada for a $200K home?

Of the homeowners insurance companies analyzed, Allstate has the cheapest homeowners insurance rates, on average, for a $200K home in Nevada.

Who offers the best homeowners insurance rates in Nevada for a $400K home?

For a $400K home in Nevada, Allstate has the cheapest average home insurance rates when compared to the other largest companies in the state.

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