MoneyGeek Logo Iconbestrenters insuranceLas Vegas

The Cheapest and Best Renters Insurance in Las Vegas

The Companies With the Cheapest Renters Insurance in Las Vegas

The cost of renters insurance should be a significant factor for Las Vegas tenants when picking a policy as plenty of companies offer similar coverage. Compare renters insurance quotes before making a decision.

For individuals looking for affordable renters insurance, MoneyGeek found that, on average, these companies offer cheap renters insurance in Las Vegas:

  • USAA: $97 per year (only available for current and former military members and their families)
  • American Family: $124 per year

Renters with insurance from USAA get even more value for their money as all policies include reimbursements for items at replacement cost, and all policies cover flood and earthquake damage.

MoneyGeek gathered these prices based on $20,000 in personal property coverage limits, $100,000 in liability coverage limits and a deductible of $500. The table below shows how prices can change depending on the personal property coverage limits desired.

For individuals who live elsewhere in the state, MoneyGeek also gathered information on the best renters insurance in Nevada.

Average Annual Rates for Personal Property Insurance

Personal Property Coverage:


Scroll for more

Horizontal swipe icon
Insurance Rates

Compare Renters Insurance Rates

Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.


What Are the Best Renters Insurance Companies in Las Vegas?

For those who want to balance cost and quality, MoneyGeek examined the best renters insurance in Las Vegas by looking at the top renters insurance companies This includes:

  • Best Overall: American Family
  • Runner-Up: State Farm

USAA received the highest score in Las Vegas by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.

These companies were scored by MoneyGeek based on customer satisfaction ratings from JD Power and financial stability ratings from A.M. Best. MoneyGeek also found that these companies offer unique coverage that other renters insurance companies don’t have.





User Satisfaction


Financial Stability

Geek Quick Take
Geek Quick Take

One of the cheapest options across the country, USAA offers not just great customer service but unique coverages as well. Their policies cover flood and earthquake damage, which is something most companies don’t offer. Those currently serving also get additional discounts on their policy to make premiums even cheaper, while those who are deployed or choose to move abroad are still covered by their policies.

More About USAA

USAA is the top pick as it achieved perfect marks in both affordability and customer service. Only current and former military members are eligible to purchase from this company.

American Family Insurance




User Satisfaction


Financial Stability

Geek Quick Take
Geek Quick Take

American Family offers diminishing deductibles for those who have long-standing policies. Tech-savvy renters also get discounts if their apartments are furnished with smart home safety devices, and pet owners can cover up to $1,000 in medical costs if a pet is injured in a covered event.

More About American Family Insurance

American Family scores well across categories and achieves high customer satisfaction ratings, making it the best option for those not qualified for USAA.

State Farm




User Satisfaction


Financial Stability

The Average Cost of Renters Insurance in Las Vegas for 2024


renters insurance is equal to the average.

The average cost of renters insurance can vary based on location. The average for renters insurance in Las Vegas is $133 per year, or $11 per month, which is $26 less than the national average of $159.

What Factors Impact Renters Insurance Costs in Las Vegas?

While there are several factors that impact your renters’ insurance cost, the following are the most impactful to the amount you will spend.

  1. Personal property coverage amount – When looking for the best renters insurance in Las Vegas, keep in mind how much coverage to purchase. This is the most significant factor that can affect the cost of a policy.
  2. Location within a city – The address and ZIP code of the rental can affect insurance costs, as neighborhood crime rates can have a minor effect on the cost. Areas that are also susceptible to natural calamities may also increase the price of monthly payments.
  3. Deductible – Deductibles are the costs you pay before you make a claim. The higher the deductible, the lower the price you pay monthly.
  4. ACV vs. RCV – With actual cost value (ACV), insurers will pay for the depreciated cost of your items. On the other hand, replacement cost value (RCV) coverage provides enough value to replace the item with one of similar quality. The latter offers higher payouts and is more expensive than ACV packages.
  5. Liability coverage amount – This has a minor impact on the cost of your premiums. Standard policies often have $100,000 in liability coverage, but adding a few dollars per year can add thousands of dollars of extra coverage.

Calculate How Much Renters Insurance You Need


Total: $0

Does My Las Vegas Neighborhood Impact Cost of Renters Insurance?

A study by MoneyGeek found that neighborhood locations are indeed taken into consideration in terms of premiums, but it only impacts the cost of renters insurance by a few dollars a month.

Understanding Renters Insurance in Las Vegas

Renters insurance is often overlooked if it’s not required by a landlord. However, MoneyGeek strongly encourages purchasing renters insurance in Las Vegas as it is a low-cost way to protect your assets in unforeseen events.

What Does Renters Insurance Cover in Las Vegas?

The cheapest insurance is not always the right option. It’s also important to select the right coverage that meets the unique needs of any Las Vegas neighborhood.

The FBI found that Las Vegas has a property crime rate of 2,333 per 100,000 in a year, 23% above the national average. This makes protecting important assets vital in case of damage or theft to property.

Be it an apartment or home, having additional coverage with renters insurance can protect against risks such as fires or water damage, which can happen anywhere. Las Vegas renters can enjoy the following coverage if they get renters insurance:

  • Personal property coverage – This adds coverage for the loss or damage of personal items like furniture, appliances, artwork and even clothing.
  • Additional living expenses – This protects renters against costs should they find themselves displaced or if their residence is not currently livable due to a covered claim. This coverage covers the cost of staying somewhere else temporarily.
  • Liability insurance – This coverage protects tenants in the event that an accident or injuries occur on the rental property that affects other people. It covers any legal expenses related to the incident.
  • Medical payments coverage – If an accident or injury occurs on the rented property, this coverage helps pay for any medical-related bills for the injured party.

What Is Not Covered by Renters Insurance in Las Vegas?

Tenants should know that renters insurance in Las Vegas and elsewhere only covers certain situations.

For instance, it covers the property itself but not the structure of a home. Certain water damage is covered, but if it’s a result of flooding, then most standard policies don’t cover the losses. However, renters do have the option to buy incremental insurance through the National Flood Insurance Program (NFIP).

Renters insurance also doesn’t cover any roommates’ possessions or damage caused by natural calamities such as earthquakes. Personal possessions that are of high value and beyond the policy limits, like jewelry or similar items are not covered. Any damages caused to a car are also not covered. This is why reading policies carefully is vital, as not all policies are the same and certain situations may not be covered.

Frequently Asked Questions About Renters Insurance in Las Vegas

Choosing renters insurance wisely and shopping around is critical to finding the best one that suits a tenant’s needs. The following are a few frequently asked questions about renters insurance.

On average, renters insurance in Las Vegas costs $133 or $11 per month.

USAA offers the cheapest renters insurance in Las Vegas at $97 per year on average. This is only available for current and former military members and their families. The more accessible and still affordable insurance company is American Family, offering renters insurance at $124 per year on average.

Offering the best renters insurance in Las Vegas is USAA, ranking high in terms of affordability and customer satisfaction. However, this is only available for current and former military members. The next best and most accessible company is American Family, which also ranks high in customer satisfaction.

Renters insurance is only required if the landlord requires it. However, MoneyGeek recommends getting renters insurance to cover costs such as medical bills, personal property loss and more.

Renters Insurance in Las Vegas Analysis: Methodology

Moneygeek analyzed hundreds of renters insurance quotes in Las Vegas to help you find cheap renters insurance. The best renters insurance rankings were determined using data from JD Power, A.M. Best and our affordability metrics that are derived from a comprehensive analysis of quotes provided by Quadrant.

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.