Best & Cheapest Homeowners Insurance in Reno, NV June, 2024

Allstate provides the most affordable homeowners insurance for homeowners in Reno, with an average annual quote of $761.

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Updated: 05 May 2024
Written by
Bob Phillips
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In our thorough assessment of homeowners insurance providers in Reno, NV, Allstate emerges as the most budget-friendly option, with average annual rates of $761. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For example, if your credit score has been impacted negatively, Travelers stands out as the most economical choice with an average annual premium of $1,250.

On the other hand, if you own a newly constructed home, Allstate offers the most cost-effective solution at $542 per year.

Lastly, if you have valuable personal property needing protection, Allstate proves to be your best option, providing extensive coverage at a reasonable $826 per year.

Our comprehensive analysis at Insuranceopedia aims to guide you toward the perfect fit for your homeowners insurance needs. Through comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Reno, NV?

Allstate provides the most affordable homeowners insurance rate in Reno, priced at $761 annually.

As indicated below, rates in Reno are lower than both the national average and the Nevada state average.

Area Average Monthly Rate
National $1,820
Nevada $1,276
Reno $830

It’s crucial to grasp that rates are not uniform and can vary significantly based on numerous factors.

Cheapest Homeowners Insurance in Reno, NV 2024

Cheapest Homeowners Insurance in Reno, 2024

Our Methodology

To identify the most affordable home insurance rates in Reno, we conducted an analysis of data from various home insurance review sites. Some of these sources utilized rates from public filings acquired through Quadrant Information Services. For this review, we've calculated an average of these rates, but it's essential to note that each company's rates can change frequently and depend on your specific circumstances. Additionally, the overall rating incorporates my subjective opinion, drawing from fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

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Quotes Analyzed

15+

Years Of Industry Experience

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Brands Reviewed

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Research Hours

Cheapest Overall Homeowners Insurance in Reno, NV

Allstate stands out as the most affordable overall option for homeowners insurance in Reno, NV, with an average annual rate of $761.

Company Annual Premium
Allstate $761
Travelers $782
Country Financial $946
USAA $998
State Farm $1,084

The cost of your insurance policy is influenced by various factors, such as your location, the value of your home, and your claims history. Allstate provides a balanced combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, Travelers offers the most affordable solution, with an average annual rate of $1,250.

Insurance Company Average Annual Premium
Travelers $1,250
Farmers $1,287
Allstate $1,529
State Farm $2,432
Country Financial $2,830

Your credit score can indeed have a significant impact on your insurance rates, as insurers use it as a key factor in assessing risk. Travelers recognizes the importance of providing fair coverage to everyone, regardless of their financial history.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Allstate provides the most cost-effective solution, with an average annual rate of $542.

Insurance Company Average Annual Premium
Allstate $542
Travelers $578
Country Financial $672
USAA $706
State Farm $789

Newly constructed homes often have different coverage needs compared to older homes, and Allstate specializes in offering affordable policies tailored to these specific requirements.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Allstate provides the most affordable rates, with an average annual rate of $826.

Insurance Company Average Annual Premium
Allstate $826
Travelers $878
USAA $1,018
Country Financial $1,070
State Farm $1,185

The more personal property you have, the higher your coverage needs, which can lead to increased premiums. Allstate offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.

Best Homeowners Insurance Companies in Reno, NV

Selecting the right homeowners insurance isn’t just necessary; it’s a strategic choice. With its rich history, Reno’s homes are as diverse as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes essential.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Reno, NV. These companies have been evaluated 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 $761
Travelers $782
USAA $998
State Farm $1,084
American Family $802
Farmers $800
Country Financial $946
Universal Property  $792

Average Home Insurance Rates by Zip Codes

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

ZIP Code Average Insurance Premium (Annual)
89523 $912
89509 $919
89519 $924
89508 $983
89510 $974
89512 $976

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
89523 $912
89509 $919
89519 $924

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
89508 $983
89510 $974
89512 $976

Average Home Insurance Rates in Reno, NV by Deductible Amount

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

Deductible Annual Rate
$500 $856
$1,000 $881
$1,500 $740
$2,000 $704
$5,000 $580

Average Home Insurance Rates in Reno, 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
$200,000 $714
$250,000 $780
$300,000 $946
$400,000 $1,130

Average Home Insurance Rates in Reno, NV by Company

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

Company Annual Premium
Allstate $761
Travelers $782
USAA $998
State Farm $1,084
American Family $802
Farmers $800
Country Financial $946
Universal Property  $792

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
Las Vegas $1,304
Hawthorne $1,062

Getting Online Homeowners Insurance Quotes in Nevada

With informative platforms like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By offering quick online quotes from various top-rated insurers, Insuranceopedia makes it easy for you to compare rates at a glance.

Simply input your details, and let us handle the hard work, presenting you with a variety of options customized to your requirements. This way, you can confidently select a policy that provides the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Reno, NV?

The most affordable home insurance in Reno, Nevada, is offered by Allstate, with an annual premium of $761.

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

The average cost of homeowners insurance in Reno, Nevada, is around $830 per year.

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