State Farm is the best cheap renters insurance company in Nevada, with an average monthly cost of $24. It ranks among the top for affordability and customer satisfaction and offers flexible coverage options.
Cheap Renters Insurance in Nevada
Updated: May 1, 2025
Advertising & Editorial Disclosure
Key Takeaways
State Farm is Nevada's best overall and cheapest renters insurance company, with rates starting at $286 per year.
Nevada's renters insurance costs range from $24 to $37 monthly.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Nevada Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Jul 05, 2025
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Best Cheap Renters Insurance Companies in Nevada
| State Farm | 93 | $24 | $286 |
| Farmers | 85 | $25 | $302 |
| COUNTRY Financial | 76 | $29 | $354 |
| CIG | 76 | $27 | $322 |
| Nationwide | 69 | $37 | $440 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Nevada
While our list above covers most renters, it may not show your ideal options. We've made a filterable table that matches your profile to help you find the best options in Nevada.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 87 | $18 | $214 |
| Farmers | 83 | $18 | $212 |
| CIG | 82 | $16 | $196 |
| American Family | 81 | $19 | $228 |
| Encompass | 65 | $21 | $254 |
Best Nevada Renters Insurance Review
Below are details about our top pick for renters insurance in Nevada, based on affordability, customer service and coverage options.
State Farm: Best Cheap Plans
pros
Most affordable option
Ranks fourth for customer satisfaction in the U.S.
Flexible personal property coverage selections
cons
Below-average claims satisfaction
Higher rates for lower coverage
COMPANY HIGHLIGHTS
State Farm offers Nevada's lowest monthly renters insurance rates, starting at $24. According to J.D. Power, it ranks fourth nationwide in customer satisfaction. The company lets you choose an exact amount for personal property coverage instead of selecting from preset options.
Average Cost of Renters Insurance in Nevada
Nevada's average cost of renters insurance is $239 per year, $3 lower than the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your situation.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $20 | $239 |
Average Nevada Renters Insurance Cost by City
Renters insurance costs vary by city. The average annual premium in Enterprise is $208; in Las Vegas, it's $217 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Enterprise | $208 |
| Henderson | $204 |
| Las Vegas | $217 |
| North Las Vegas | $217 |
| Paradise | $215 |
| Reno | $184 |
| Sparks | $181 |
| Spring Valley | $210 |
| Sunrise Manor | $213 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Nevada Renters Insurance: Buyer's Guide
Finding good, affordable renters insurance in Nevada can be challenging. This guide helps you discover the best coverage for your needs.
How to Find the Best Cheap Renters Insurance in Nevada
Follow these steps to get the best coverage at the lowest price:
- 1
Determine the right coverage level
Know how much coverage you need before shopping. Calculate your belongings' value and consider risks like weather damage and pet incidents.
- 2
Research costs and discounts
Once you know your coverage needs, learn typical rates for your situation. This gives you a baseline when comparing quotes. Look for discounts to lower your costs.
- 3
Compare providers
Examine insurers' reputations, average rates and coverage options. This helps you identify companies that match your needs.
- 4
Consider bundling
Pairing renters insurance with your auto policy often saves money. Sometimes, the auto discount covers the entire cost of renters insurance.
- 5
Get multiple quotes through different channels
Collect at least five quotes with equal coverage. Explore all options using online tools, company websites, insurance brokers and in-person meetings.
- 6
Compare rates annually
Insurance rates change, so review and compare quotes each year to ensure you still have the best rate.
How Much Renters Insurance Do I Need in Nevada?
Nevada law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
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.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Nevada Renter Risk Considerations
Here are the usual risks for renters in Nevada, along with coverage options:
- Weather risks: Nevada faces a high risk of earthquakes, wildfires and winter storms in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Nevada ranks eighth for property crime and third for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical and legal expenses if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to covered incidents |
Best Renters Insurance in Nevada: Bottom Line
Nevada's best and cheapest renters insurance company is State Farm. While we recommend this option, you should research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Nevada: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Nevada?
State Farm offers the cheapest renters insurance in Nevada, with an average annual premium of $286 or $24 per month.
What is the best renters insurance company in Nevada?
State Farm is the best renters insurance company in Nevada, with a MoneyGeek score of 93 out of 100 due to its excellent cost efficiency, customer satisfaction and coverage features.
How much does renters insurance cost in Nevada?
The average cost of renters insurance in Nevada is $239 per year or $20 per month, 1% lower than the national average. Annual premiums range from $286 to $440.
Is renters insurance required in Nevada?
Nevada doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Nevada, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 1, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 1, 2025.
- U.S. News. "Low Property Crime Rate." Accessed May 1, 2025.