Cheapest & Best Renters Insurance In Reno 2025
Country Financial has the lowest-priced renters insurance in Reno, Nevada, averaging just $9 a month. Still, State Farm is often seen as the best overall option by many residents in the area.
We’ve saved shoppers an average of $200 per year on their renters insurance.
In Reno, renters can find the lowest insurance rates with Country Financial, where the average monthly premium is about $9. State Farm, while slightly more expensive at around $16 per month, is praised for its strong customer service and reliable support from local agents.
Reno—nicknamed The Biggest Little City in the World—reports more than 7,500 property crimes each year, impacting around 28 residents per 1,000. Given the high crime rate, having renters insurance is a smart move. It helps protect your belongings, provides financial backup, and offers added peace of mind.
Cheapest Renters Insurance Companies In Reno
If you’re trying to keep costs down, Country Financial has the cheapest renters insurance in Reno, with average monthly rates of about $9. To make it easier to compare your choices, here’s a table featuring the five most affordable providers in the area.
| Company | Average Monthly Cost |
| State Farm | $16 |
| Country Financial | $9 |
| USAA | $14 |
| American Family | $11 |
| CSAA | $13 |
Best Renters Insurance Companies In Reno
Country Financial is a solid choice for renters in Reno looking to save money on insurance. But just because it’s the cheapest doesn’t mean it offers the best overall value. In my opinion, State Farm is the top option for renters insurance in the area. While its monthly premiums are a bit higher, it earns high marks for customer satisfaction and has a strong presence of local agents. Plus, State Farm provides budget-friendly renters and auto insurance bundles, along with a broad selection of coverage options at reasonable prices.
| Company | Average Monthly Cost |
| Nationwide | $25 |
| State Farm | $16 |
| Amica | $22 |
| Farmers | $17 |
| Progressive | $28 |
Average Cost Of Renters Insurance In Reno
On average, renters insurance in Reno costs around $23 per month or $276 annually. Keep in mind, though, that your personal rate could vary depending on things like how much coverage you need, where you live, your deductible, and how each insurance company sets its prices. The table below breaks down the average rates from five leading providers in the area.
| Company | Average Monthly Cost |
| State Farm | $19 |
| Nationwide | $27 |
| Progressive | $31 |
| Country Financial | $13 |
| Amica | $25 |
Average Cost Of Renters Insurance In Reno By Deductible
A deductible is the portion of a claim you’re responsible for paying before your renters insurance coverage applies. Opting for a higher deductible can help reduce your monthly premium, whereas selecting a lower deductible usually results in higher monthly payments. The table below shows how renters insurance rates in Reno vary depending on the deductible you choose.
| Deductible Amount | Average Monthly Cost |
| $250 | $23 |
| $500 | $22 |
| $1,000 | $21 |
| $1,500 | $20 |
| $2,000 | $18 |
Factors That Impact Renters Insurance Costs In Reno
Several factors can impact how much you’ll pay for renters insurance in Reno:
Coverage Amount: If your policy includes broader protection, like replacement cost coverage or extras such as identity theft protection—you’ll likely pay more each month.
Deductible Choice: Opting for a higher deductible can lower your monthly premium, while a lower deductible typically increases your rate because the insurer takes on more of the risk.
Your Claims History: Filing several insurance claims can make you seem like a higher risk to providers, which often results in increased premiums.
Safety Features in the Home: Installing things like security systems, smoke detectors, or sprinkler systems can reduce your risk and may qualify you for discounts.
Credit Score: Most insurance companies look at your credit score when setting your rate. Lower scores usually mean you’ll pay more for coverage.
Where You Live: Areas with higher crime rates or more exposure to natural disasters like wildfires or floods tend to come with more expensive premiums.
Common Causes Of Loss In Nevada
Renters in Nevada often file claims for various types of losses, including theft, fire, earthquake, wildfire, and water damage. Understanding these risks can help you choose the best coverage to protect your belongings and finances.
Fire
In multi-unit buildings, fires can spread rapidly, causing substantial damage. Renters insurance can help cover the cost of replacing personal belongings damaged by fire.
Water Damage
Leaks from plumbing, burst pipes, or roof issues can lead to costly repairs. While renters insurance generally covers internal water damage, flood-related losses require a separate flood insurance policy.
Earthquakes
Reno is vulnerable to earthquakes due to regional seismic activity. Standard renters insurance doesn’t cover earthquake damage, so you’ll need a separate policy to protect your property from earthquake-related losses.
Theft
With over 7,500 property crimes reported annually in Reno and more than 81,000 across Nevada, renters insurance provides important protection. Many policies include liability coverage if someone is injured during a break-in, though vehicle or building damage is typically not covered.
Wildfires
Nevada’s geography and climate make wildfires a serious risk. Fortunately, most renters insurance policies cover wildfire damage, so you won’t need a separate policy for this.
Other Covered Losses
Renters insurance can also protect against vandalism, accidental damage, and certain natural disasters, offering added financial security.
Understanding these common risks allows renters to select the right policy that offers the best protection for their specific needs.
Our Methodology
To evaluate renters insurance providers, we focused on key factors such as pricing, coverage options, claims handling, and customer service. Our analysis involved gathering quotes from various insurers in Reno for standard policies, with $20,000 in personal property coverage and $100,000 in liability protection.
We also considered different deductible choices, coverage for specific risks like floods and earthquakes, and discounts for bundling renters and auto insurance. Customer satisfaction was an important aspect, with insights from sources like J.D. Power and Consumer Reports helping us identify insurers known for their reliable service and efficient claims handling.
Additionally, we factored in Reno-specific risks—like theft and water damage—that can influence coverage needs. By considering all these elements, our guide provides a thorough comparison of renters insurance options in Nevada.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
About Bob Phillips
