The Best Homeowners Insurance Companies and Cheapest Quotes in Nevada for 2020

Apart from the cost of your premiums and the kind of coverage you are looking for, various other factors should also be looked into when you are trying to find the best home insurance in Nevada. Important criteria can include the company’s ability to pay claims, customer service quality and coverage options on offer.

To help you choose the best home insurance in Nevada, MoneyGeek ranked the top five companies in the state based on factors like policy costs, the ability to pay claims based on AM Best’s financial stability ratings and J.D. Power’s customer satisfaction scores.

Several factors relating to your current situations and inherent characteristics of where you live can help determine your home insurance costs in Nevada. Companies can consider factors like your credit score, frequency of past claims and your proximity to a local fire station while assessing your risk and determining premium costs.

Home Insurance Calculator

State

Nevada

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

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If you want cheap homeowners insurance in Nevada, a policy from Travelers might be your best option. For a baseline dwelling coverage amount of $250,000, the average premium for a Travelers policy is $691 per year which costs approximately $215 or 23.7% less than the state average. Dwelling coverage refers to rebuilding or repairing your home if it faces damage resulting from circumstances specified in the policy like theft, fire, hurricanes or floods. Compare homeowners insurance quotes in Nevada to find the right policy regarding affordable costs and coverage level.

Cheapest Homeowners Insurance by Dwelling Coverage

Owning an expensive home in Nevada can leave you exposed to expensive repairs if something goes wrong. On average, the most affordable coverage for $2 million homes in Nevada comes from American Family. Similar policies from other providers can be more than twice as expensive than American Family, in some cases.

Cheapest Homeowners Insurance Companies for High-Value Homes

If your Nevada home has a pool, you might need additional coverage and your premiums might become more expensive. Rates can vary between providers; the most affordable option can be Travelers with an average annual cost of $628.

Cheapest Homeowners Insurance for Pool Home

Credit scores can be a factor that insurance companies consider in Nevada while determining insurance costs for individual customers. Having poor credit can typically cause insurance premiums to become more expensive. The most affordable option for a Nevada homeowner with poor credit might be a policy from Universal North America. A policy from Universal North America for a baseline dwelling coverage amount of $250,000 can cost an average of $1,137 per year.

Cheapest Homeowners Insurance for Poor Credit

If you are looking for home insurance in Nevada, you would need to give your insurance provider information like your name, phone number, social security number and address. You would also need to disclose your home’s value and age and its contents, details of materials and construction, add-ons like solar panels and pools, security systems, and valuables. Your provider can then give you a personalized quote for your policy premium.

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Home values, weather risks and crime statistics can also feature heavily when determining your annual home insurance premium costs. As an example, Nevada ranked 20th in the country for property crime rate per 100,000, with 16,420 violent crimes and 73,985 property crimes, according to a 2018 FBI study. In terms of home values, the state ranks 12th overall with a typical average value of $301,753 per home.

Hazardous weather conditions and natural calamities can result in emergencies for which you need to be prepared. You need to understand the risks inherent to your area and include coverage for those risks in your home insurance plan.