Cheapest & Best Renters Insurance In Las Vegas 2025
Country Financial offers the cheapest renters insurance in Las Vegas, costing around $9 per month on average. That said, I believe State Farm offers the best overall coverage.
We’ve saved shoppers an average of $200 per year on their renters insurance.
In Las Vegas, Country Financial offers the lowest-priced renters insurance at around $9 per month. Meanwhile, if you prefer excellent customer service and the benefits of bundling policies, State Farm is a strong alternative, though its rate is closer to $22 monthly.
Given that Las Vegas—often called Sin City—has a high property crime rate, with more than 20,000 incidents reported each year and about 32 victims per 1,000 residents, having renters insurance is particularly important. It not only protects your personal belongings but also gives you financial peace of mind.
Cheapest Renters Insurance Companies In Las Vegas
If you’re looking for low-cost renters insurance in Las Vegas, Country Financial has the most affordable rates, averaging just $9 per month. To make comparison easier, the table below highlights the top five budget-friendly providers.
| Company | Average Monthly Cost |
| American Family | $20 |
| Country Financial | $9 |
| State Farm | $22 |
| CSAA | $15 |
| USAA | $12 |
Best Renters Insurance Companies In Las Vegas
Country Financial is a solid choice for renters on a budget, but the lowest-priced policy doesn’t always offer the best coverage. In my opinion, State Farm is the top renters insurance provider in Las Vegas. While it costs more than some competitors, it stands out for its excellent customer service and bundling options. By combining your renters and auto insurance, you can lower your premiums while still receiving high-quality coverage from State Farm.
| Company | Average Monthly Cost |
| State Farm | $22 |
| Farmers | $24 |
| Country Financial | $9 |
| Nationwide | $27 |
| American Family | $20 |
Average Cost Of Renters Insurance In Las Vegas
The average cost of renters insurance in Las Vegas is around $21 per month or $252 per year. However, your specific rate may vary based on factors such as coverage limits, location, deductible, and the insurer’s pricing structure. The table below provides a comparison of average rates from five top providers in the city.
| Company | Average Monthly Cost |
| Nationwide | $31 |
| USAA | $15 |
| State Farm | $24 |
| Country Financial | $12 |
| American Family | $23 |
Average Cost Of Renters Insurance In Las Vegas By Deductible
A deductible is an amount you’re responsible for paying out of pocket before your renters insurance kicks in to cover a claim. Choosing a higher deductible typically lowers your monthly premiums, while a lower deductible increases them. The table below outlines the average cost of renters insurance in Las Vegas based on different deductible levels.
| Deductible Amount | Average Monthly Cost |
| $250 | $16 |
| $500 | $15 |
| $1,000 | $12 |
| $1,500 | $10 |
| $2,000 | $7 |
Factors That Impact Renters Insurance Costs In Las Vegas
Several factors influence the cost of renters insurance in Las Vegas:
Home Safety Features: Installing security systems, smoke detectors, or sprinkler systems can lower your premium by reducing the likelihood of claims.
Coverage Limits: Policies with higher personal property and liability coverage cost more, and adding extras like replacement cost coverage or identity theft protection will further increase premiums.
Claim History: If you’ve filed multiple claims, insurers may see you as a higher risk, leading to higher premiums.
Deductible Amount: Choosing a lower deductible raises your monthly premium since the insurer takes on more risk, while a higher deductible reduces costs.
Credit Score: Insurers often consider credit scores when determining rates, with lower scores potentially resulting in higher premiums.
Location: Living in areas with elevated crime rates or a higher likelihood of natural disasters can result in higher insurance premiums. For example, in Las Vegas, the risk of property crimes and natural events such as earthquakes can significantly impact the cost of insurance.
Not all renters insurance policies are the same — some exclude water damage, others limit theft coverage. With PolicyOwl, you can upload your current policy and instantly see if your coverage matches your needs.
Common Causes Of Loss In Nevada
Renters in Nevada often file insurance claims for theft, fire, water damage, and severe storms. Understanding these risks can help tenants select the right coverage to safeguard their belongings and financial well-being.
Theft
With over 20,000 burglary-related incidents reported annually in Las Vegas, renters insurance can help replace stolen items and may include liability coverage if someone gets injured during a break-in.
Fire
Fires spread quickly in multi-unit buildings, causing significant damage. Renters insurance helps cover the cost of replacing lost or damaged belongings.
Water Damage
Leaking pipes, burst plumbing, or roof issues can lead to costly repairs. Standard renters insurance typically covers internal water damage, but flood damage requires a separate policy.
Hurricanes & Severe Storms
Strong storms and high winds are common causes of property damage in Nevada. Ensuring your policy includes wind and storm protection is essential.
Other Covered Losses
Beyond the typical risks, standard renters insurance policies often cover losses due to vandalism, certain natural disasters, and accidental damage. These protections can provide added peace of mind, ensuring that your belongings are covered in a variety of unexpected situations.
By understanding these potential risks, renters can make informed decisions about their insurance coverage and ensure they have the right protection in place.
Our Methodology
To evaluate renters insurance providers, we analyzed key factors like pricing, coverage options, claims processing, and customer service. Our research included collecting quotes from various insurers in Las Vegas, focusing on standard policies with $20,000 in personal property coverage and $100,000 in liability protection.
We also reviewed deductible options, additional coverage for risks like floods and earthquakes, and potential discounts for bundling renters and auto insurance. Customer satisfaction played a major role in our assessment, with ratings from sources like J.D. Power and Consumer Reports helping us identify insurers known for reliable service and efficient claims handling.
Additionally, we considered risks specific to Las Vegas, such as theft and water damage, which can impact coverage needs. By examining these factors, our guide provides a well-rounded and objective comparison of renters insurance options in Nevada.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
About Bob Phillips
