Average Home Insurance Cost in Nevada

Home insurance in Nevada costs about $89 monthly or $1,066 annually on average. Homeowners in Nevada pay $131 more per month, or $1,569 more annually, than the national average, making it the 6th most expensive state for home insurance.

*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.

Home insurance costs vary depending on your city. Property age, weather-related factors and home valuations can drastically affect home insurance costs. For example, the average monthly home insurance cost in Enterprise is around $95; in Paradise, it’s much higher at $108.

*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.

Home insurance is expensive in Nevada because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws.

Home insurance costs are influenced by many important factors:

• Location
• Coverage chosen
• Home build details
• Provider chosen
• Credit
• Claims history

The next section explains how each of these factors affect your home insurance rates.

Location has the biggest impact on home insurance rates in Nevada, with prices differing by as much as 16%. Factors such as weather risks, local home values and population density all play a major role in determining your premium.

Coverage choices are the second most influential factor in Nevada home insurance rates, averaging from $536 to $4,018 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.

Depending on home details like age, construction materials and roof type, homeowners insurance rates in Nevada can range from $46 to $94 per month. These factors will affect replacement costs and the risk of damage or theft, making it the third most influential factor for insurance rates.

Your choice of insurer is the fourth most influential factor in Nevada home insurance rates, with prices ranging from 36% below to 30% above the state average.

A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 52%, with annual average rates ranging from $873 to $2,185.

Filing more claims will increase your perceived risk for insurers, which can increase premiums, although in the Silver State, claims history has a smaller impact on cost than other factors. We found that depending on your claims history, rates can be affected by up to 19% or $521 annually.

Nevada homeowners face rising insurance costs, but strategic planning helps reduce premiums without sacrificing protection. Whether you’re buying a new home or trying to cut costs on your current one, these tips will help you get the best and cheapest home insurance in Nevada.

Home insurance costs depend on where you live and how much coverage you need. Research your options using our estimate tool.

To help you get a clearer idea of what to expect, we answer some of the most common questions about home insurance in this state.

When determining the average cost of home insurance in Nevada, we used a base profile for a simple estimate consistent with the following:

• $250,000 dwelling coverage
• $125,000 personal property coverage
• $200,000 liability coverage
• Home Built Year: 2000
• Construction type: Frame
• Roof type: Composition
• $1,000 deductible
• No claims in the past 5+ years
• Fire protection level of 3

However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.