Capital Insurance Group is the cheapest home insurance option for most homeowners in Nevada, with an average monthly savings of $441. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Nevada
Updated: May 27, 2025
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Key Takeaways
Capital Insurance Group offers the cheapest homeowners insurance if you own a new home or have bad credit.
Customers can find savings of up to 92% from the cheapest overall providers in Nevada: Capital Insurance Group.
If you live in a high-fire-risk area, Capital Insurance Group is the cheapest provider for home insurance.
What is the Cheapest Home Insurance in Nevada?
| Capital Insurance Group | $58 | $692 | 35% |
| Encompass | $81 | $975 | 9% |
| Farmers | $87 | $1,047 | 2% |
| Nationwide | $90 | $1,077 | -1% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
Price is important to consider for home insurance, however it's also useful to know about a company's customer service reputation and coverage options. To help, we've created a separate guide to the best home insurance companies in Nevada, giving you more information to make the best decision for your situation.
Cheapest Nevada Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Capital Insurance Group is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Capital Insurance Group | Older Homes | $58 |
| Capital Insurance Group | Newer Homes | $35 |
| Capital Insurance Group | Homes in High Risk Fire Areas | $64 |
| Capital Insurance Group | Bad Credit | $104 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Nevada Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Capital Insurance Group | $61 | $732 |
| American Family | $90 | $1,081 |
| Nationwide | $95 | $1,142 |
| Encompass | $97 | $1,165 |
| State Farm | $98 | $1,172 |
Cheapest Nevada Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Capital Insurance Group is the cheapest in most cities, Reno and Sparks offer notably low rates. In contrast, Las Vegas sees slightly higher premiums.
| Enterprise | Capital Insurance Group | $52 |
| Henderson | Capital Insurance Group | $52 |
| Las Vegas | Capital Insurance Group | $59 |
| North Las Vegas | Capital Insurance Group | $52 |
| Pahrump | Capital Insurance Group | $66 |
| Paradise | Capital Insurance Group | $51 |
| Reno | Capital Insurance Group | $38 |
| Sparks | Capital Insurance Group | $38 |
| Spring Valley | Capital Insurance Group | $52 |
| Sunrise Manor | Capital Insurance Group | $50 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Nevada Home Insurance for You
Finding affordable home insurance in Nevada can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
Having your coverage limits in mind before buying can keep you from being oversold on coverage. Make sure you determine your home insurance coverage needs beforehand and understand the types of home insurance coverage to get what you need.
- 2
Research home insurance cost information
Research home insurance costs in Nevada for your profile and available discounts to understand what qualifies as affordable. When ready to buy, ask agents directly about all discounts you may qualify for, as insurers won't apply them automatically.
- 4
Compare multiple companies apples to apples
Once you know your coverage levels and type, compare quotes from different companies for that coverage to get the best deal. We recommend gathering as many quotes as possible using different methods to get your best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Texas offers a state program through the Texas Fair Plan Association (TFPA). This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Nevada: Bottom Line
Capital Insurance Group, Encompass, and Farmers offer Nevada's most affordable home insurance, regardless of your profile or home. Denied coverage? The TFPA provides low-cost policies. Remember to compare multiple companies, research costs, and understand your coverage needs before choosing.
Cheapest Home Insurance Nevada: FAQ
Below are answers to common questions about the cheapest home insurance in Nevada:
What is the cheapest home insurance company in Nevada?
Capital Insurance Group offers the lowest rates for newer homes in Nevada at $35 per month or $423 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Capital Insurance Group.
How expensive is home insurance in Nevada?
Nevada has the 34th-highest home insurance rates in the U.S.
How much is home insurance in Nevada?
You need enough home insurance to cover the full rebuilding cost of your home, the value of your personal possessions, and liability protection.
While not a legal requirement, mortgage lenders often require sufficient home insurance to rebuild your property in the event of total loss. Ensure your policy includes personal property coverage based on your possessions’ worth, and consider additional protection against local risks and priceless items.
How much home insurance do I need?
You need enough home insurance to cover the full rebuilding cost of your home, the value of your personal possessions, and liability protection.
While not a legal requirement, mortgage lenders often require sufficient home insurance to rebuild your property in the event of total loss. Ensure your policy includes personal property coverage based on your possessions’ worth, and consider additional protection against local risks and priceless items.
How We Found the Cheapest Home Insurance Companies in Nevada
To determine the cheapest home insurance companies in Nevada, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.