Best and Cheapest Renters Insurance in Nevada for 2025 (10 Most Affordable Companies)

USAA, Progressive, and Travelers offer the best and cheapest renters insurance in Nevada, starting at $19 per month. USAA provides military-exclusive benefits and flood protection, Progressive offers bundling discounts with auto policies, and Travelers includes up to $500,000 in liability coverage.

USAA's policies cover full replacement costs, ensuring maximum reimbursement. Progressive allows policyholders to add water backup coverage, protecting against sewer and drain damage. Travelers includes additional living expenses if a rental becomes uninhabitable, covering hotel stays and meals.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$19	A++	Military Focused	USAA
	#2	$20	A+	Affordable Rates	Progressive
	#3	$21	A++	Reliable Coverage	Travelers
	#4	$22	B	Extensive Network	State Farm
	#5	$25	A++	Competitive Pricing	Geico
	#6	$27	A	Flexible Policies	Liberty Mutual
	#7	$26	A+	Strong Discounts	Nationwide
	#8	$28	A	Customer Loyalty	American Family
	#9	$32	A	Customizable Plans	Farmers
	#10	$30	A+	Comprehensive Options	Allstate

For a complete guide to understanding renters insurance, knowing policy details and coverage options is crucial. Enter your ZIP code in our free tool to compare insurance quotes instantly.

What You Should Know

• USAA is the top pick, providing military benefits, flood protection, and no deductible on uniforms
• Renters insurance in Nevada starts at $19 per month, with Progressive offering water backup coverage
• Travelers includes up to $500,000 in liability coverage and additional living expenses if displaced

#1 – USAA: Top Overall Pick

Pros

• Exclusive Benefits: USAA in Nevada offers military members flood lbenefit from coverage that waives deductibles on damaged uniforms, ensuring no out-of-pocket costs.
• No Deductible on Uniforms: Active duty military personnel in Nevada benefit from coverage that waives deductibles on damaged uniforms, ensuring no out-of-pocket costs.
• Superior Financial Strength: USAA in Nevada is one of the most financially secure insurers, ensuring that claims are paid on time, according to its A++ rating from A.M. Best.

Cons

• Membership Restrictions: USAA renters insurance is only available to military members and their families in Nevada, which restricts public access. Learn more in our USAA insurance review.
• Limited Customization: Unlike other Nevada insurers, USAA lacks options for endorsements such as identity theft protection or extended coverage for valuable items.

#2 – Progressive: Best for Affordable Rates

Pros

• Low Starting Premiums: Progressive in Nevada offers competitive rates as low as $20 per month, ranking as one of the most budget-friendly choices. Discover insights in our Progressive insurance review.
• Multi-Policy Discounts: Renters in Nevada save up to 12% by bundling renters and auto insurance under Progressive’s Multi-Policy Discount.
• Water Backup Coverage: An optional endorsement in Nevada gives financial insurance against sewage and drain troubles, up to $5,000 in damage.

Cons

• Minimal Identity Theft Protection: Progressive in Nevada lacks comprehensive identity theft coverage, leaving renters with limited security against fraud-related losses.
• Lower A.M. Best Rating: While still strong, Progressive holds an A+ rating from A.M. Best, lower than A++ competitors like USAA and Travelers.

#3 – Travelers: Best for Reliable Coverage

Pros

• High Liability Limits: Travelers in Nevada provides up to $500,000 in liability protection, surpassing many competitors. Unlock details in our Travelers renters insurance review.
• Loss of Use Coverage: Renters in Nevada receive financial aid for temporary housing up to 30% of their personal property coverage if their rental becomes unlivable.
• Strong Financial Stability: Holding an A++ rating from A.M. Best, Travelers in Nevada assures reliable claims payouts and policy stability.

Cons

• Higher Monthly Costs: At $21 per month, Travelers in Nevada is slightly more expensive than the cheapest options like USAA and Progressive.
• Strict Underwriting: Renters in Nevada with prior claims or low credit scores may face policy rejections or increased premiums.

#4 – State Farm: Best for Extensive Network

Pros

• Extensive Agent Network: State Farm in Nevada has over 19,000 agents nationwide, providing easy in-person policy assistance. Delve into our evaluation of the State Farm renters review.
• Competitive Premiums: With rates starting at $22 per month, State Farm in Nevada offers balanced affordability and coverage.
• Intense Customer Satisfaction: State Farm holds an 83% customer satisfaction rating from J.D. Power, ranking high in claims experience.

Cons

• Fundamental Policy Limitations: Standard renters insurance from State Farm in Nevada lacks additional coverages like water backup or earthquake protection.
• Reduced Financial Strength Rating: State Farm in Nevada has a lower financial stability score than its A++ rivals, receiving a B rating from A.M. Best.

#5 – Geico: Best for Competitive Pricing

Pros

• Affordable Policies: Geico in Nevada offers renters insurance at $25 per month, balancing cost and coverage. Access comprehensive insights into our Geico renters insurance review.
• Customizable Endorsements: Nevada renters can add identity theft protection, pet damage coverage, and extended personal property limits.
• Rapid Digital Claims: Geico’s online claims processing in Nevada allows renters to receive payouts in as little as 48 hours.

Cons

• No Standalone Policies: Geico in Nevada only sells renters insurance through third-party underwriters like Assurant, limiting direct policy management.
• Limited Discounts: Renters in Nevada won’t find significant savings through bundling or affinity group discounts compared to Nationwide or Liberty Mutual.

#6 – Liberty Mutual: Best for Flexible Policies

Pros

• Customizable Deductibles: Liberty Mutual in Nevada lets renters adjust deductibles from $500 to $2,500 to match their financial needs.
• Security System Discounts: Renters in Nevada can save up to 15% with Liberty Mutual’s home security and fire protection discounts.
• Strong Financial Stability: Holding an A rating from A.M. Best, Liberty Mutual in Nevada ensures claims are reliably covered. Discover more about offerings in our Liberty Mutual renters review.

Cons

• Higher Starting Premiums: At $27 per month, Liberty Mutual in Nevada is costlier than mid-tier competitors like State Farm and Nationwide.
• Customer Service Complaints: Some Nevada renters report slow response times and claim disputes based on Better Business Bureau complaints.

#7 – Nationwide: Best for Strong Discounts

Pros

• Claims-Free Savings: Renters in Nevada can save up to 20% through Nationwide’s Claims-Free Discount, applicable to policyholders with a history of zero claims for at least five years.
• Smart Home Device Discounts: Nevada renters receive up to 15% off premiums when installing Nationwide-approved smart home security devices, including Ring and SimpliSafe.
• Strong Financial Rating: Nationwide is a safe option for Nevada tenants because its A+ rating from A.M. Best guarantees long-term financial stability.

Cons

• Limited Agent Availability: Nationwide in Nevada has significantly fewer local agents compared to State Farm, limiting in-person policy support. Check out insurance savings in our complete Nationwide insurance review.
• Fewer Add-Ons: Renters in Nevada won’t find specialized coverage options such as flood protection or earthquake endorsements, which competitors like USAA and Farmers offer.

#8 – American Family: Best for Customer Loyalty

Pros

• Loyalty Discount: Nevada renters who remain with American Family for three or more years qualify for a Loyalty Discount of up to 10%. Our American Family insurance review provides more information about this provider.
• Comprehensive Personal Property Coverage: Policies in Nevada include full replacement cost, ensuring renters are reimbursed for new items rather than depreciated values.
• Options for Umbrella Insurance: American Family's umbrella insurance provides Nevada renters additional protection beyond basic renters insurance by increasing their liability coverage to $1 million.

Cons

• Higher Premiums: At $28 per month, American Family in Nevada is more expensive than State Farm ($22) and Progressive ($20), making it less budget-friendly.
• Limited Online Tools: Nevada renters report that American Family's online portal lacks comprehensive self-service options, requiring more phone-based customer service interactions.

#9 – Farmers: Best for Customizable Plans

Pros

• Extensive Endorsements: Farmers in Nevada offers optional add-ons, including water backup coverage ($10,000 limit), identity theft protection ($25,000 coverage), and pet damage coverage.
• Flexible Coverage Limits: Nevada renters can customize their personal property coverage up to $250,000 and liability limits up to $500,000 to meet individual needs. To find out more, explore our Farmers insurance review.
• Multiple Discount Opportunities: Farmers provides Nevada renters with bundling discounts (up to 15%), affinity group savings, and protective device discounts (up to 10%).

Cons

• Expensive Premiums: At $32 per month, Farmers in Nevada is the most costly option among major providers, surpassing Geico ($25) and Travelers ($21).
• Slow Claims Processing: Some Nevada renters report that Farmers takes longer than average (7-14 days) to settle claims compared to USAA and Travelers, which average 5-7 days.

#10 – Allstate: Best for Comprehensive Options

Pros

• All-Encompassing Policies: Allstate in Nevada includes coverage for water backup ($5,000 limit), identity theft restoration ($50,000 limit), and scheduled personal property endorsements.
• Deductible Rewards: Nevada renters earn a $100 deductible reduction each year, remain claim-free, and reduce their out-of-pocket costs over time.
• High Liability Limits: Nevada renters who want strong financial protection against litigation and property damage claims can select liability coverage up to $500,000. For additional details, explore our Allstate insurance review.

Cons

• Higher Cost: With rates at $30 per month, Allstate in Nevada is more expensive than Progressive ($20) and State Farm ($22), making it less attractive for budget-conscious renters.
• Strict Underwriting: Renters in Nevada with prior claims or credit issues may face policy denials or surcharges, reducing accessibility for high-risk applicants.

Top-Rated Renters Insurance Companies in Nevada

Getting good coverage without going over budget is possible when you find the best renters insurance in Nevada. Monthly rates start as low as $19 and go up to $32, depending on the provider, coverage options, and insurance deductible. USAA takes the top spot at $19 per month, offering military members perks like flood protection and no deductible on uniforms.

Insurance Company	Monthly Rates
	$30
	$28
	$32
	$25
	$27
	$26
	$20
	$22
	$21
	$19

Progressive, at $20 per month, gives renters a break with bundling discounts and optional water backup coverage. Travelers, at $21 per month, stands out with up to $500,000 in liability protection and coverage for temporary housing if your rental becomes unlivable.

State Farm and Geico keep things affordable at $22 and $25 per month, while Liberty Mutual, Nationwide, and American Family sit in the mid-range at $26 to $28 per month. Allstate and Farmers have the highest rates at $30 and $32, but comparing options helps renters lock in the best deal for their needs.

Maximizing Renters Insurance Savings in Nevada

Getting renters insurance at a great price isn’t just about picking the cheapest option—it’s about using the right discounts to lower your premium. Many providers in Nevada offer ways to cut costs, from bundling policies to staying claims-free or adding security features. Some renters even explore self-insurance as an alternative, setting aside emergency funds instead of purchasing a traditional policy, though this carries financial risks.

Insurance Company	Bundling	Claims-Free	Security Systems	Loyalty	AutoPay
	25%	20%	15%	5%	5%
	20%	10%	10%	10%	5%
	20%	15%	10%	5%	5%
	15%	10%	10%	5%	5%
	25%	20%	10%	5%	5%
	20%	15%	10%	5%	5%
	15%	10%	10%	5%	5%
	17%	15%	10%	5%	5%
	20%	15%	10%	5%	5%
	25%	20%	10%	5%	5%

Bundling is the biggest money-saver, with Allstate, Liberty Mutual, and USAA offering up to 25% off when you combine renters and auto insurance. Keeping a claims-free history can also bring big savings, with Allstate, Liberty Mutual, and USAA providing a 20% discount for renters with no past claims. Installing a security system can reduce rates by up to 15%, and Allstate offers the highest discount for added protection.

Smaller perks like loyalty and autopay discounts—ranging from 5-10%—can still make a difference. Choosing a higher insurance deductible can also lower monthly costs, making it easier to lock in the best and cheapest renters insurance in Nevada without overpaying.

Essential Renters Insurance Coverage Options in Nevada

Finding the best renters insurance isn't just about price—it's about having the right coverage when needed. All major providers in Nevada offer liability, loss of use, medical payments, and replacement costs, but protections like water backup and identity theft vary. While renters insurance provides essential protection, it's important to know what renters insurance does not cover, such as damage from floods or earthquakes, unless added as an endorsement.

Insurance Company	Liability	Loss of Use	Medical Payments	Replacement Cost	Water Backup	Identity Theft
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅

USAA, Allstate, and Liberty Mutual stand out by including both, offering renters added financial security. Geico and Progressive lack water backup coverage, which could expose renters to costly repairs.

Travelers and State Farm are excellent choices for comprehensive coverage because they strike a balance between cost and complete protection. Selecting a policy with these protections guarantees renters receive the best value for their money, especially since identity theft and water damage are on the rise.

Key Factors That Impact Renters Insurance Costs in Las Vegas

Renting in Las Vegas comes with its challenges, and where you live can affect your insurance rates. Busy areas and neighborhoods with higher crime rates usually mean higher renters insurance costs, while quieter, safer neighborhoods tend to have cheaper premiums. The type of building you live in matters, too—older apartments or places without security features can increase your rates.

Vegas is a major tourist hotspot, bringing in millions of visitors yearly for its casinos, nightlife, and entertainment. With over 640,000 residents, rental demand is high, and insurance companies consider crime rates, past claims, and property risks when setting prices. Fire risks, extreme heat, and water damage from burst pipes can also affect your renters insurance rates.

Getting renters insurance in Las Vegas is smart since it protects your belongings from theft, fire, and unexpected damage. Most policies also cover liability, so you won’t be stuck with the bill if someone gets hurt at your place. Comparing different policies is the best way to ensure you’re getting the right coverage at a price that works for you.

Simple Tips to Lower Your Renters Insurance Premium

Renters insurance is already pretty affordable, but why pay more than you must? Here are five ways to save on your renter's insurance and keep more money in your pocket:

• Install Safety Features: Adding deadbolts, smoke alarms, or a security system makes your place safer and can score a discount.
• Raise Your Deductible: Lower monthly payments are the result of a greater deductible, but be sure you can afford it in the event that you ever need to make a claim.
• Ask for Discounts: Many companies offer savings claims-free, setting up autopay, or even having good credit.
• Bundle Your Policies: If you also have auto insurance, combining it with renters insurance can save you up to 25%.
• Pay in Full: Paying your policy monthly instead of monthly can help you avoid extra fees and even get a discount.

Taking advantage of these ways to save on your renter's insurance can help you get the best coverage at the lowest price. Always compare quotes from different insurers to ensure you get the best deal for your needs.

Finding the Best Insurance Companies Through Real Reviews

Clearsurance believes in full transparency, so it doesn’t hide its rating and ranking process. Its algorithm looks at feedback from real insurance customers, factoring in:

• Price
• Customer Service
• Claims Handling
• Likelihood to Renew

It also compares what customers say a company does well with where it could improve. Clearsurance’s ratings contribute to the best of insurance companies ranking based on customer reviews, ensuring no hidden formulas—just real opinions from policyholders.

This helps people make informed choices when picking an insurance provider. With honest evaluations from actual customers, you can determine whether businesses actually fulfill their commitments.

Reddit is a great place to find honest reviews about renters insurance. In one post, a Reddit member expressed dissatisfaction with Progressive renters insurance. Although they had minor problems during the claims process, they enjoyed the competitive premiums and coverage options. Luckily, Progressive’s customer service helped sort things out, and they felt good about recommending the company—though they noted that everyone’s situation is different.

Posts like these show why it’s worth checking out real user experiences before picking a provider. While Progressive got a solid review here, comparing options and seeing what works best for you is always a good idea. Browsing Reddit reviews can give you a better idea of how companies handle claims and customer service in real life.

The Role of Renters Insurance in High-Crime Areas

Regular renters insurance coverage protects against theft, vandalism, intentional mischief, and 16 other common dangers. Renters insurance covers theft, making it an important safety for individuals in high-crime regions. But how does crime in Nevada compare with other states? With 235,033 property crimes reported, renters face a higher chance of dealing with break-ins or theft.

Crime Type	Number of Offenses	Rate per 100,000 Inhabitants
Property Crime	235,033	1,856
Burglary	34,789	275
Larceny-Theft	181,225	1,430
Motor Vehicle Theft	19,019	150

The fact that larceny theft leads the list with 181,225 instances and burglary accounts for 34,789 cases makes it evident that safeguarding your possessions is essential. Motor vehicle theft increases the hazards, of which 19,019 occurrences have been reported. Therefore, rental insurance that includes loss-of-use benefits, vandalism coverage, and theft protection can be a lifesaver.

Renters can select the appropriate coverage by knowing the trends in crime. Valuables must be protected because there are 275 burglaries for every 100,000 residents. At 1,430 per 100,000, larceny theft makes replacement cost coverage a wise decision, but at 150 per 100,000, motor vehicle theft adds another risk, particularly for stored items. A strong renters insurance policy ensures financial protection anywhere in Nevada.

Understanding What Renters Insurance Covers

Many people misunderstand what renters insurance does and doesn't cover. Before choosing a policy from one of Nevada's best renters insurance companies, it's essential to know what protections are included.

For instance, most renters insurance policies provide liability coverage, meaning if a guest or non-resident gets injured in your rental, your policy may help cover medical expenses or legal fees. Additionally, if you unintentionally cause damage to someone else's property—like a neighbor's apartment—due to a fire or water leak from your rental, property damage liability insurance can assist in covering expenses.

Additionally, suppose your apartment becomes unlivable due to fire, water damage, or another covered event. Plus, if your place becomes unlivable due to something like a fire or water damage, some policies offer loss-of-use coverage to help pay for a hotel or temporary housing while things get fixed. To begin using our free comparison tool, enter your ZIP code.