Best & Cheapest Homeowners Insurance in Nevada April, 2024

Nationwide offers the cheapest home insurance for Nevada homeowners, with an average yearly cost of $1,139.

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Bob Phillips
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After thoroughly examining home insurance providers in Nevada, Nationwide stands out as the most budget-friendly option, offering an average yearly rate of $1,139. However, it’s important to note that the top insurer can vary based on your specific situation and needs.

For instance, if your credit score has taken a hit, USAA provides the most economical choice with an average annual premium of $1,744. Conversely, for owners of older homes, State Farm offers competitive rates at $1,252 per year along with comprehensive coverage.

On the flip side, for owners of newly constructed homes, State Farm again emerges as the most affordable option at $466 per year. And for individuals with a claims history, USAA presents an affordable and flexible option at $1,535 annually.

Our detailed assessment at Insuranceopedia is designed to assist you in finding the perfect match for your home insurance requirements. Through customer ratings, personal experiences, and comparison charts, we aim to equip you with all the necessary information to make a well-informed decision.

How much is homeowners insurance in Nevada?

Nationwide offers the most affordable home insurance rate in Nevada, priced at $1,139 per year.

As stated below, insurance rates in Nevada are below the national average.

Area Average Monthly Rate
National $1,820
Nevada $1,276

It’s important to recognize that insurance rates are not uniform; they can vary considerably based on various factors.

For instance, your individual driving record is a significant factor; having a history of traffic violations or accidents usually leads to higher premiums compared to having a clean record. The make and model of your vehicle also play a role, as high-performance or luxury cars often come with higher insurance costs.

Moreover, where you live can affect rates, with densely populated urban areas generally experiencing higher premiums due to elevated risks like theft or accidents. Additionally, factors such as age and marital status can also influence your car insurance premiums.

Cheapest Homeowners Insurance in Nevada

Cheapest Homeowners Insurance, Nevada, 2024

Our Methodology

To find the most economical home insurance rates in Nevada, we conducted an analysis using data from several home insurance review platforms. Some of these platforms assessed rates obtained from public filings acquired by Quadrant Information Services. We calculated an average of these rates for this review. However, it's crucial to understand that the rates provided by each company can change frequently and may differ based on your individual circumstances. Furthermore, our thorough rating considers my personal opinion, which is founded on fifteen years of experience as a licensed insurance agent and over three decades of buying home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Homeowners Insurance in Nevada

Nationwide is recognized as the most cost-effective option for homeowners insurance in Nevada, with an average annual rate of $1,139.

Company Annual Premium
Nationwide $1,139
Farmers $1,267
Allstate $1,290
State Farm $1,304
AAA $1,870

Your insurance policy’s cost is affected by several factors, including where you live, your home’s value, and your claims history. Nationwide offers a balanced mix of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have an Older Home

State Farm offers the most affordable rates for older homes, averaging $1,252 per year.

Insurance Company Average Annual Premium
State Farm $1,252
Farmers $1,250
Allstate $1,278
Nationwide $1,307
Country Financial $1,476

Older homes typically come with specific risks and maintenance needs that can result in higher insurance costs. However, State Farm offers competitive rates and comprehensive coverage tailored to address the unique requirements of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For newly constructed homes, State Farm offers the most affordable option, with an average annual rate of $466.

Insurance Company Average Annual Premium
State Farm $466
Capital Insurance Group $486
Farmers $505
Nationwide $415
Country Financial $471

Newly constructed homes typically have distinct coverage needs compared to older ones, and State Farm is recognized for providing affordable policies tailored to meet these specific requirements.

Cheapest Homeowners Insurance If You Have Poor Credit

If you have a low credit score, USAA offers the most affordable solution, with an average annual rate of $1,744.

Insurance Company Average Annual Premium
USAA $1,744
Farmers $1,859
Nationwide $1,875
Allstate $2,030
State Farm $2,216

Your credit score is a key factor in determining your insurance rates, as insurers use it to evaluate risk. USAA understands the importance of offering fair coverage to everyone, regardless of their financial background.

Cheapest Home Insurance for a History of Claims

USAA provides an affordable solution for homeowners with a history of claims, offering an average annual rate of $1,535.

Insurance Company Average Annual Premium
USAA $1,535
Allstate $2,170
Farmers $3,006
Country Financial $3,027
Nationwide $2,578

Having a history of claims can indicate higher risk for insurers, often leading to higher premiums. However, USAA believes in giving second chances and offers reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Nevada

Choosing the right homeowners insurance is more than just a necessity; it’s a strategic choice. Nevada’s diverse range of homes, reflecting its rich history, highlights the importance of finding an insurance provider that offers comprehensive coverage at competitive rates.

To streamline your decision-making process, we’ve compiled a list of the best homeowners insurance companies in Nevada. These companies have been assessed based on factors like annual premiums, coverage choices, customer satisfaction ratings, and overall dependability. Take a look at our comparison chart below to discover the perfect match for your home insurance requirements.

Company Annual Premium
1. Nationwide $1,139
2. Farmers $1,267
3. Allstate $1,290
4. State Farm $1,304
5. AAA $1,870
6. Auto Owners $782
7. American Family $960
8. Country Financial $1,740

Average Home Insurance Rates in Nevada by Deductible Amount

The deductible amount you select for your homeowners insurance policy can greatly affect premium rates in Nevada. Here is a breakdown of how average home insurance rates differ based on different deductible amounts:

Deductible Amount Average Annual Premium
$500 $885
$1,000 $802
$1,500 $760
$2,000 $717

Average Home Insurance Rates in Nevada By Coverage Amount

One important factor that impacts your insurance cost is the amount of dwelling coverage you choose. This coverage represents the maximum sum your insurer will pay to rebuild or repair your home in case of damage or destruction.

Below is a comparison chart showing the average yearly premiums for homeowners insurance based on different levels of dwelling coverage.

Dwelling Coverage Amount Average Annual Premium
$200,000 $890
$250,000 $998
$300,000 $1,196
$350,000 $1,304
$400,000 $1,497

Average Home Insurance Rates in Nevada by Company

Here is a comparison of the annual premiums from leading insurance providers in Nevada.

Company Annual Premium
Nationwide $1,139
Farmers $1,267
Allstate $1,290
State Farm $1,304
AAA $1,870
Auto Owners $782
American Family $960
Country Financial $1,740

How Much is Homeowners Insurance for Other Cities in Nevada?

Below is a detailed comparison chart showcasing the most budget-friendly annual premiums across various cities in Nevada.

City Annual Premium
Henderson $1,164
Dayton $906
Las Vegas $1,304
Hawthorne $1,062

Getting Online Homeowners Insurance Quotes in Nevada

Websites such as Insuranceopedia simplify the process of finding the perfect insurance coverage for your unique needs with minimal effort. By providing instant online quotes from reputable insurers, Insuranceopedia allows you to compare rates effortlessly.

Simply input your information, and we’ll take care of the rest by presenting you with a selection of options customized to your specifications. This empowers you to confidently choose a policy that offers the most value, balancing affordability with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Nevada?

Nationwide provides the least expensive home insurance option in Nevada, with an annual premium of $1,139.

What is the average cost of home insurance in Nevada?

Typically, homeowners insurance in Nevada has an average annual cost of around $1,276.

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