Best & Cheapest Homeowners Insurance in Las Vegas, NV April, 2024

Allstate offers the cheapest homeowners insurance to homeowners in Nevada, with an average annual quote of $807.

min read
Updated: 08 April 2024
Written by
Bob Phillips
On this page Open

In our thorough assessment of homeowners insurance providers in Las Vegas, NV, Allstate emerges as the most budget-friendly option, with average annual rates of $807. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, USAA stands out as the most economical choice with an average annual premium of $1,821. In contrast, if your home is on the older side, State Farm rises to the top with its competitive rates of $1,309 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution at $935 per year. And for those who’ve had a history of claims, Auto-Owners provides an affordable and understanding solution at $1,546 per annum.

Last, if you possess a wealth of personal property that needs protection, Allstate proves to be your best bet, offering extensive coverage at a reasonable $1,071 per year.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Las Vegas, NV?

Allstate offers the most affordable rate for homeowners insurance in Las Vegas at $807 annually.

As you can see below, rates in Las Vegas are lower than the National average. However, they are slightly higher than the Nevada State average.

Area Average Monthly Rate
National $1,820
Nevada $1,276
Las Vegas $1,304

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

For instance, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Las Vegas, NV 2024

Cheapest Homeowners Insurance in Las Vegas, NV 2024

Our Methodology

To find the cheapest home insurance rates in Las Vegas, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Overall Homeowners Insurance in Las Vegas, NV

Allstate emerges as the cheapest overall option for homeowners insurance in Las Vegas, NV, with an average annual rate of $807.

Company Annual Premium
Allstate $807
Auto Owners $913
USAA $1,025
State Farm $1,435
Nationwide $1,304

The cost of your policy is influenced by many factors, including location, home value, and your claims history. Allstate offers a balanced blend of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, USAA provides the most affordable solution, with an average annual rate of $1,821.

Insurance Company Average Annual Premium
USAA $1,821
Nationwide $1,917
Allstate $2,415
State Farm $2,462
Country Financial $3,235

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. USAA understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance In Las Vegas If You Have an Older Home

For those with older homes, State Farm offers the cheapest rates, averaging $1,309 per year.

Insurance Company Average Annual Premium
State Farm $1,309
Nationwide $1,336
Farmers $1,340
Allstate $1,474
Country Financial $1,801

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. State Farm offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution, with an average annual rate of $935.

Insurance Company Average Annual Premium
State Farm $935
USAA $989
Farmers $1,024
Country Financial $1,048

New constructions often require different coverage compared to older homes, and State Farm excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance In Las Vegas for a History of Claims

For homeowners with a history of claims, Auto-Owners provides an affordable solution, with an average annual rate of $1,546.

Insurance Company Average Annual Premium
Auto-Owners $1,546
USAA $1,603
Farmers $2,242
Allstate $2,562
Nationwide $2,623

A history of claims can raise red flags for insurers, often leading to higher premiums. However, Auto-Owners believes in second chances and offers reasonable rates for those with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Allstate offers the cheapest rates, with an average annual rate of $1,071.

Insurance Company Average Annual Premium
Allstate $1,071
State Farm $1,360
USAA $1,380
Country Financial $1,570

The more personal property you have, the higher your coverage needs, which can increase premiums. Allstate provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Best Homeowners Insurance Companies in Las Vegas, NV

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Las Vegas’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Las Vegas, NV. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
Allstate $807
Auto Owners $913
USAA $1,025
State Farm $1,435
Farmers $1,260
Country Financial $2,034
American Family $976
Nationwide $1,304

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Las Vegas, NV can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Las Vegas, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
89110 $1,161
89117 $1,213
89131 $1,236
89149 $1,218
89129 $1,263
89128 $1,314
89107 $1,237
89101 $1,325

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
89143 $1,181
89144 $1,200
89110 $1,161
89149 $1,218
89117 $1,213

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
89101 $1,325
89199 $1,344
89158 $1,293
89165 $1,286
89161 $1,273

Average Home Insurance Rates in Las Vegas, NV by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Las Vegas, NV. Here’s how the average home insurance rates fluctuate with insurers for different deductible amounts:

Deductible Annual Rate
$500 $943
$1,000 $860
$1,500 $819
$2,000 $780
$5,000 $645

Average Home Insurance Rates in Las Vegas, NV By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$100,000 $635
$200,000 $930
$300,000 $1,252
$400,000 $1,523
$500,000 $1,936

Average Home Insurance Rates in Las Vegas, NV by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Las Vegas:

Company Annual Premium
Allstate $807
Auto Owners $913
USAA $1,025
State Farm $1,435
Farmers $1,260
Country Financial $2,034
American Family $976
Nationwide $1,304

How Much is Homeowners Insurance for Other Cities in Nevada?

Here’s a comprehensive comparison chart displaying the most affordable annual premiums across different cities in Nevada.

City Annual Premium
Henderson $1,164
Dayton $906
East Valley $1,030
Hawthorne $1,062

Getting Online Homeowners Insurance Quotes in Nevada

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Las Vegas, NV?

The cheapest home insurance in Las Vegas, Nevada, is provided by Allstate, with an annual premium of $807.

What is the average cost of home insurance in Las Vegas, NV?

The average cost of homeowners insurance in Las Vegas, Nevada, is approximately $1,304 per year.

Go back to top