Best and Cheapest Renters Insurance in Nevada (Sept 2024)


Updated: September 21, 2024

Advertising & Editorial Disclosure

Capital Insurance Group is the best and cheapest renters insurance company in Nevada, with a Moneygeek score of 82 out of 100 and an average annual premium of $84. However, the best for you will depend on your needs. Nationwide is best if you value service, and USAA is ideal for military members.

Make sure to evaluate companies based on your unique requirements.

Company Image
Best Overall: Capital Insurance Group

Capital Insurance Group is the best overall renters insurance provider, with a MoneyGeek score of 82 out of 100 and an average annual premium of $84.

Company Image
Cheapest: Capital Insurance Group

Capital Insurance Group is the cheapest renters insurance provider in Nevada, with an average annual premium of $84.

Company Image
Best Service: Nationwide

Nationwide is the best renters insurance provider for service quality, with a MoneyGeek score of 91 out of 100 and an average annual premium of $185.

Company Image
Best for Extra Personal Property: State Farm

State Farm is the best renters insurance provider for those who need extra personal property coverage of $100K. It has a MoneyGeek score of 89 out of 100 and an average annual premium of $274.

Company Image
Best for Veterans: USAA

USAA is the best renters insurance provider for military members, with a MoneyGeek score of 100 out of 100 and an average annual premium of $107.

Company Image
Best for Bad Credit: Country Financial

Country Financial is the best renters insurance provider for those with poor credit in Nevada. It has a MoneyGeek score of 83 out of 100 and an average annual premium of $177.

Why Trust MoneyGeek? We sourced data from the Nevada Division of Insurance and Quadrant Information Services to determine the top renters insurance providers in Nevada.

Renters insurance rates in Nevada reflect the best quotes as of September 2024.

34,560Quotes Collected
 
12Cities Analyzed
 
23ZIP Codes

Overall Best Renters Insurance in Nevada

Capital Insurance Group is the top renters insurance provider in Nevada, with a MoneyGeek score of 82 out of 100 and an average annual premium of $84 for $20K in personal property coverage. This leading provider effectively balances affordability and customer service. The following providers are the two best renters insurance companies in Nevada for the same policy:

  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($84 per year)
  • Country Financial: MoneyGeek score of 81 out of 100 ($104 per year)

Capital Insurance Group has the lowest annual premium and perfectly balances customer satisfaction and affordability. However, the best choice for you will still depend on your unique needs.

Company logo for Capital Insurance Group
Best OverallCapital Insurance Group
MoneyGeek Score:
82/ of 100

Overview

In Nevada, Capital Insurance Group is the best overall renters insurance provider. It ranks first in affordability, with an average annual premium of $84. The company offers scheduled personal property coverage. This coverage provides additional protection for valuable items such as jewelry, art, antiques or collectibles in case of theft or damage.

Best Renters Insurance in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 84
COUNTRY FinancialMoneyGeek Score81Annual Premium$ 104
State FarmMoneyGeek Score78Annual Premium$ 125
FarmersMoneyGeek Score74Annual Premium$ 122
American FamilyMoneyGeek Score72Annual Premium$ 140
EncompassMoneyGeek Score59Annual Premium$ 157
NationwideMoneyGeek Score58Annual Premium$ 185

Cheapest Renters Insurance in Nevada

Capital Insurance Group offers the cheapest renters insurance in Nevada, with an average annual premium of $84 for $20K in personal property coverage. The following providers are the top two cheapest in Nevada for $20K in personal property coverage with a $1,000 deductible:

  • Capital Insurance Group: $84 per year
  • Country Financial: $104 per year

Personal property coverage helps protect your belongings, such as furniture and electronics, if they're damaged, stolen or destroyed. Cheap renters insurance policies often have low personal property coverage limits. Higher coverage limits can increase monthly costs but offer better protection for your belongings.

Cheapest Renters Insurance in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Capital Insurance GroupAnnual Premium$ 84
COUNTRY FinancialAnnual Premium$ 104
FarmersAnnual Premium$ 122
State FarmAnnual Premium$ 125
American FamilyAnnual Premium$ 140
EncompassAnnual Premium$ 157
NationwideAnnual Premium$ 185
mglogo icon
QUALITY OVER COST

When choosing renters insurance, prioritize quality service. Opting for the best renters insurance rather than the cheapest option ensures efficient claims handling. Improved service can translate to cost savings over time, making it a wise investment.

Cheapest Renters Insurance by High Deductible in Nevada

In Nevada, Capital Insurance Group is the cheapest renters insurance company for $20K in personal property coverage with a $2,000 deductible. It has an average annual premium of $65. For the same coverage with a $2,000 deductible, the following providers are the top two cheapest:

  • Capital Insurance Group: $65 per year
  • Country Financial: $94 per year

A deductible is the amount you pay out of pocket before your insurance kicks in. Higher deductibles typically mean lower premiums. Review the table below to see how rates change depending on the chosen deductible.

Cheapest High-Deductible Renters Insurance in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Capital Insurance GroupAnnual Premium$ 65
COUNTRY FinancialAnnual Premium$ 94
FarmersAnnual Premium$ 113
EncompassAnnual Premium$ 114
State FarmAnnual Premium$ 119
American FamilyAnnual Premium$ 131
NationwideAnnual Premium$ 145

Best Renters Insurance for Customer Service in Nevada

In Nevada, Nationwide is the best renters insurance company for service quality. It has an average annual premium of $185 for $20K in personal property coverage. The following are the top two best providers in Nevada offering the same coverage to those who value excellent customer service:

  • Nationwide: MoneyGeek score of 91 out of 100 ($185 per year)
  • American Family: MoneyGeek score of 83 out of 100 ($140 per year)

Great customer service is crucial when looking for renters insurance because it ensures your issues are resolved quickly and efficiently. For instance, you want timely and helpful support when you make a claim, ensuring you regain peace of mind swiftly.

Company logo for Nationwide
Best ServiceNationwide
MoneyGeek Score:
91/ of 100

Overview

In Nevada, Nationwide ranks highest in coverages and has an average annual premium of $185. It offers credit card forgery and contents replacement cost coverages. Credit card forgery coverage protects you against unauthorized charges made to your credit cards. Contents replacement cost coverage, also known as Brand New Belongings, ensures that you are reimbursed for the full replacement cost of stolen or damaged items rather than just their depreciated value.

Best Renters Insurance For Customer Service in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score91Annual Premium$ 185
American FamilyMoneyGeek Score83Annual Premium$ 140
State FarmMoneyGeek Score82Annual Premium$ 125
FarmersMoneyGeek Score72Annual Premium$ 122
COUNTRY FinancialMoneyGeek Score71Annual Premium$ 104
EncompassMoneyGeek Score66Annual Premium$ 157
Capital Insurance GroupMoneyGeek Score61Annual Premium$ 84

Best Renters Insurance for Extra Personal Property in Nevada

State Farm offers the best renters insurance for those needing $100K of personal property coverage in Nevada, at an average annual premium of $274. For $100K in personal property coverage, the top two providers in Nevada are:

  • State Farm: MoneyGeek score of 89 out of 100 ($274 per year)
  • American Family: MoneyGeek score of 83 out of 100 ($291 per year)

Renters who own more personal belongings need higher personal property coverage to protect these items against loss or damage. Personal property coverage helps replace or repair your possessions if they're stolen, damaged or destroyed in a covered event. Higher coverage typically means higher costs, so it's essential to find a provider that balances cost and excellent service. You want affordability and reliability to protect your valuables effectively.

Company logo for State Farm
Best for Extra Personal PropertyState Farm
MoneyGeek Score:
89/ of 100

Overview

In Nevada, State Farm ranks first for affordability and customer satisfaction for renters needing extra personal property coverage. With an average annual premium of $274, the company offers cost-effective and reliable service.

State Farm's coverage options include scheduled personal property and identity restoration. Scheduled personal property allows you to insure valuable items like jewelry or electronics for their full value, providing added security. Identity restoration covers expenses if your identity is stolen, helping you recover lost funds and restore your credit.

Best Renters Insurance for Extra Personal Property Limits in Nevada
State FarmMoneyGeek Score89Annual Premium$ 274
American FamilyMoneyGeek Score83Annual Premium$ 291
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 259
COUNTRY FinancialMoneyGeek Score79Annual Premium$ 286
FarmersMoneyGeek Score78Annual Premium$ 293
NationwideMoneyGeek Score58Annual Premium$ 385
EncompassMoneyGeek Score52Annual Premium$ 372

Best Renters Insurance for Military Families in Nevada

USAA is the top renters insurance company for military members in Nevada, with an average annual premium of $107 for $20K in personal property coverage. Note that USAA is exclusively available for those with military backgrounds. The following are the top two best providers in Nevada for military members who need $20K in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($107 per year)
  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($84 per year)

USAA offers a range of products tailored for those with military backgrounds, offering discounts and coverages suited to the military lifestyle. Although other insurers may have lower premiums, USAA's tailored offerings make it an excellent choice for military members.

Company logo for USAA
Best for Military MembersUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA is a renters insurance provider that offers policies exclusively to those with military backgrounds. Its average annual premium is $107. USAA ranks first in customer satisfaction, coverage and affordability.

USAA's contents replacement cost coverage ensures you get the full replacement value for damaged or stolen items, not just their depreciated value. Its worldwide personal property coverage protects your belongings whether you are deployed or traveling internationally. These benefits security and financial protection for military personnel and their families.

Best Renters Insurance for Military Families in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 107
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 84
COUNTRY FinancialMoneyGeek Score81Annual Premium$ 104
State FarmMoneyGeek Score78Annual Premium$ 125
FarmersMoneyGeek Score74Annual Premium$ 122
American FamilyMoneyGeek Score72Annual Premium$ 140
EncompassMoneyGeek Score59Annual Premium$ 157
NationwideMoneyGeek Score58Annual Premium$ 185

Best Renters Insurance for Bad Credit in Nevada

Country Financial is the best renters insurance company for those with poor credit in Nevada, with an average annual premium of $177. The following are the top two best providers in Nevada for those with poor credit:

  • Country Financial: MoneyGeek score of 83 out of 100 ($177 per year)
  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($157 per year)

Those with poor credit often have higher rates as they pose a greater risk to providers. Insurers view poor credit as a sign of a higher likelihood of filing claims. If you have poor credit, improve your credit to lower your rates and take advantage of discounts where possible.

Company logo for Country Financial
Best for Bad CreditCountry Financial
MoneyGeek Score:
83/ of 100

Overview

In Nevada, Country Financial ranks first in affordability, making it a top choice for renters with poor credit. It offers budget-friendly coverage at an average annual premium of $177.

Renters can benefit from Country Financial's welcome discount, which is available to new clients and further reduces your premium cost when you sign up. The company also offers a good-payer discount, rewarding you for consistent, on-time payments.

Best Renters Insurance for Bad Credit in Nevada
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Credit Score:
Credit Score:Poor
COUNTRY FinancialMoneyGeek Score83Annual Premium$ 177
Capital Insurance GroupMoneyGeek Score82Annual Premium$ 157
State FarmMoneyGeek Score73Annual Premium$ 248
American FamilyMoneyGeek Score73Annual Premium$ 245
FarmersMoneyGeek Score71Annual Premium$ 234
NationwideMoneyGeek Score58Annual Premium$ 323
EncompassMoneyGeek Score55Annual Premium$ 291

Average Cost of Renters Insurance in Nevada

The average cost of renters insurance in Nevada is $131 annually or $11 monthly. This rate is $15 cheaper per year than the national average of $146 annually. These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits and a $1,000 deductible.

Remember that the average cost of renters insurance in Nevada may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in the event of theft, fire or other covered perils. Use the tool below to get an estimate for your renters insurance based on your needs.

Renters Insurance Calculator

MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Oct 08, 2024

Shield Insurance
Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Average Cost of Renters Insurance by City in Nevada

The average cost for renters insurance not only varies by state but also by city. For example, the average cost in North Las Vegas is $139, compared to $119 in Sparks.

These rates are based on a renters insurance policy with $20,000 in personal property limits, $100,000 in liability limits, a $1,000 deductible and a good credit score. Use the table below to see the average cost in your city.

EnterpriseAnnual Premium$ 134
HendersonAnnual Premium$ 132
Las VegasAnnual Premium$ 138
North Las VegasAnnual Premium$ 139
ParadiseAnnual Premium$ 138
RenoAnnual Premium$ 121
SparksAnnual Premium$ 119
Spring ValleyAnnual Premium$ 135
Sunrise ManorAnnual Premium$ 136
mglogo icon
COMPARE QUOTES TO SAVE

Renters in Nevada can save money on renters insurance by comparing quotes among providers. For $20K in personal property with a $1,000 deductible, Capital Insurance Group offers the lowest annual premium at around $84. On the other hand, Nationwide is the most expensive at around $185 per year. Renters can save $101 annually or $8 monthly by shopping around.

What Factors Impact Renters Insurance Costs in Nevada?

Multiple factors impact the cost of renters insurance in Nevada, including location, coverage amount and deductible. Understanding what affects these costs is important for making informed decisions and potentially lowering premiums.

  • Location: Areas with higher crime rates or natural disaster risks can increase premiums.
  • Coverage Amount: Higher coverage amounts lead to higher premiums.
  • Deductible: Choosing a lower deductible usually results in higher premiums.
  • Personal Property Value: Insuring more valuable items can raise costs.
  • Claims History: A history of frequent claims can increase your insurance costs.

How Much Personal Property Coverage Do You Need?

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, their estimated value and proof of ownership. Here's how to create one:

  1. Start With Big-Ticket Items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
  2. Document With Photos or Videos: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
  3. Include Receipts and Appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
  4. Store Information Securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
  5. Update Regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

shirt icon

clothing & accessories

Clothes, shoes, bags, belts, hats, gloves, etc.

$
$
$
$
$
$

What Renters Insurance Typically Covers in Nevada

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas, such as liability and additional living expenses. Here's what a typical policy may cover:

  • Personal Property Coverage: This coverage safeguards your possessions against covered perils, like theft, and helps you replace them.
  • Personal Liability Coverage: This coverage protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
  • Loss of Use Coverage: This coverage can help with additional living expenses. For example, if your rental is uninhabitable due to a fire, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Damage caused by aircraft
  • Damage caused by vehicles
  • Smoke damage
  • Vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow or sleet
  • Water-related damage from home utilities
  • Electrical surge damage

What Renters Insurance Typically Doesn't Cover

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods typically falls outside standard policies. Here's what else is usually not included:

  • Natural Disasters: Standard policies often exclude events like floods.
  • High-Value Items: Expensive jewelry or electronics may exceed policy limits.
  • Business Equipment: Items used for business may require additional coverage.
  • Roommate Property: Your policy does not cover your roommate's belongings.
  • Pest Damage: Infestations and damage from pests are generally not covered.
  • Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

FAQ: Renters Insurance in Nevada

The best renters insurance provider for you ultimately depends on your needs. We've answered some of the most frequently asked questions about renters insurance to help you make an informed decision.

What is the cheapest renters insurance company in Nevada?
What is the best renters insurance company in Nevada?
How much does renters insurance cost in Nevada?
Is renters insurance required in Nevada?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.