As a renter in Las Vegas, it's important to have renters insurance, but you want to make sure you buy a policy from the best Las Vegas renters insurance company. Renters insurance is an affordable option that protects your rental property, however you must be careful when shopping around for rates. The average rate of renters insurance can be as little as $18 per month, but we recommend not buying renters coverage based on the price only.

When you rent an apartment, your landlord has insurance that covers damage to the building you're living in, but your personal items are not covered by that policy. Renters insurance exists to cover your items from perils in your apartment like fire, theft or vandalism. It also offers you liability protection if someone is injured in your apartment. Additionally, a standard renters insurance policy covers additional living expenses if your home becomes unhabitable and also pays for medical expenses if someone is injured on your property.

It can be hard to choose a renters insurance company to insure your personal belongings with, but we created a list of the highest rated insurance companies for Las Vegas according to customer reviews. Additionally, we included rates of eight of those top Las Vegas companies.

Start comparison shopping today to compare insurance quotes from multiple companies. Just enter your ZIP code to get started.

On this page you’ll find:

• Best renters insurance companies in Las Vegas
• Average renters insurance rates in Las Vegas
• Average rent cost in Las Vegas

Best renters insurance companies in Las Vegas

In the table below, you can see the 10 best renters insurance companies in Las Vegas. The ranking of these companies is based exclusively on customer reviews submitted to Clearsurance as of July 2019. Customers rate their insurance companies based on a number of factors, including the customer’s overall rating of the company, the insurer’s customer service, as well as each policyholder’s likelihood to renew and recommend the company to a friend. In order for companies to be eligible for this Las Vegas renters insurance list, companies must have at least 25 renters insurance reviews and sell in Nevada.

1. Lemonade

Lemonade, which has a 4.78 rating out of 5, comes in first on the list of best renters insurance in Las Vegas. If you’re looking for a modern insurance company that utilizes technology, Lemonade is your best option. You can sign up for a policy online and if you have a claim, you can report it in Lemonade’s mobile app and receive payment in minutes.

2. USAA

USAA is the second-highest rated company for renters insurance in Vegas, but it’s only available to military members and their families in Las Vegas. Customers boast about USAA’s top-of-the-line customer service and low prices in USAA reviews. Plus, USAA includes flood and earthquake coverage as standard coverages on its renters insurance policies. Most companies require you to add those coverages to your policy for an additional monthly cost.

3. Geico

Geico is one of the larger insurers on the list of best renters insurance companies for Las Vegas. However, Geico is a little different than all other renters insurance companies on this list. The Geico Insurance Agency sells renters insurance through many other licensed carriers. If you have car insurance with Geico, you can still bundle policies with renters insurance to earn a discounted rate, but make sure you take note of which company your renters quote is for.

4. State Farm

As one of the largest renters insurance companies in the United States, State Farm is a popular option for renters insurance in Las Vegas. Luckily, it’s also highly rated by consumers and made the list for our best renters insurance, best homeowners insurance and best car insurance companies for 2019.

5. Nationwide

When looking for renters insurance in Las Vegas, Nationwide may be a company you want to consider. It has a high rating of 4.13 out of 5 stars for renters insurance. Nationwide policies are customizable with discounts that can lower the cost of your renters insurance.

6. Allstate

Allstate is another highly rated option for Las Vegas renters insurance. There are a handful of discounts you may qualify for with an Allstate renters insurance policy, such as if you’ve been claims free when you switch to Allstate. Allstate is a consumer favorite across the nation. It earned the No. 4 spot for the best renters insurance companies for 2019 in our national yearly rankings.

7. Liberty Mutual

Liberty Mutual earned the No. 7 spot for best renters insurance companies in Las Vegas. There are many ways you can save with renters insurance from Liberty Mutual including a claims free discount or bundling discount.

8. Farmers

With a score of 4.08 out of 5, Farmers is a great Las Vegas renters insurance option. Make sure you check for discounts if you sign up for a Farmers policy. You can get a Farmers renters insurance quote for a Las Vegas apartment on the company’s website in just minutes after entering your information.

9. Travelers

Travelers Insurance is another good option for renters insurance in Las Vegas. Although it’s a highly rated renters insurance company, Travelers didn’t make our list of best renters insurance for 2019 because it didn’t have enough reviews (100 in 2018). Travelers ranks in the top 10 highest rated renters insurance companies in 41 states, including Nevada.

10. American Family

American Family comes in at No. 10 for our top 10 Las Vegas renters insurance companies. American Family policies are customizable with options to add coverages like identity theft protection, travel protection, pet insurance and home-based business protection.

How much does renters insurance cost in Las Vegas

The cost of renters insurance in Las Vegas averages about $20 per month among the highest-rated insurers, but the renters insurance cost varies greatly by company. Among these companies, Lemonade is the cheapest renters insurance company in Las Vegas costing about $13.84 per month. The cost of Las Vegas renters insurance is determined by a number of factors about you, your coverage needs and the area your apartment is located.

To retrieve these quotes, we used a profile of a 25-year-old single male renting an apartment in Las Vegas with no roommates or pets with a policy beginning in May 2019. The policies include $20,000 in personal property coverage ($30,000 for Travelers because that is the minimum required by the company), $100,000 in personal liability and $1,000 in medical payments to others. The policies have a $500 deductible. Your rates may vary depending on your characteristics and coverage. We were unable to retrieve quotes from USAA and Liberty Mutual.

*Geico sells renters insurance through other licensed insurance companies. The Geico quote listed is for coverage from Assurant Group.

How much does rent cost in Las Vegas?

The average cost of rent for an apartment in Las Vegas is $1,025 per month. The cost depends on many factors, including the size of your apartment and the location. If you rent a studio apartment in Las Vegas, for instance, rent is cheaper than if you rented a one or two-bedroom apartment of much larger size.

As for location, rent cost varies across Las Vegas, and some areas are much cheaper to live in than others. For example, rent in the area of Summerlin Village is one of the costliest areas with an average rent cost of $1,555 per month. Hillside Heights is a cheaper area with an average rent cost of $760 per month.

As an apartment renter in Las Vegas, it’s important to consider purchasing renters insurance to protect your personal belongings in your apartment. It’s one of the most affordable expenses of a renter, and it can help you recover from unexpected losses that are possible in an apartment. For the most updated list of the best renters insurance companies for Las Vegas, visit our best renters insurance in Nevada page.

The content on this site is offered only as a public service to the web community and does not constitute solicitation or provision of legal advice. This site should not be used as a substitute for obtaining legal advice from an insurance company or an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter. The comments and opinions expressed on this site are of the individual author and may not reflect the opinions of the insurance company or any individual attorney.