5/5
Affordability
5/5
User Satisfaction
5/5
Financial Stability
MoneyGeek ranked the top renters insurance providers in Nevada to help you determine which one is the right choice for you. The rankings are based on the three most important factors that renters look for in an insurance policy: affordability, customer service and financial strength. It is important to have sufficient renters insurance coverage if your property is damaged or stolen.
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
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If you want the lowest renters insurance rates in Nevada, MoneyGeek ranked the cheapest renters insurance available for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
The most affordable option is USAA, with an average rate of $97 per year. While this is by far the lowest rate you will find in Nevada, USAA insurance plans are only offered to military members and their families. The best rate for most Nevada drivers is American Family, at $121 per year on average.
Since renters insurance rates vary depending on many factors, these monthly premium rates are averages derived from ZIP codes across the state for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
Personal Property Coverage:
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City | Cheapest Company | Average Annual Premium |
---|---|---|
Henderson, NV | USAA | $97 |
Henderson, NV | American Family | $117 |
Henderson, NV | State Farm | $142 |
Las Vegas, NV | USAA | $97 |
Las Vegas, NV | American Family | $124 |
Las Vegas, NV | State Farm | $142 |
North Las Vegas, NV | USAA | $97 |
North Las Vegas, NV | American Family | $127 |
North Las Vegas, NV | State Farm | $142 |
Reno, NV | USAA | $99 |
Reno, NV | State Farm | $115 |
Reno, NV | American Family | $117 |
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
As many renters will agree, choosing the best renters insurance provider goes beyond just the price. It is important to also consider customer reviews and the company’s financial stability. According to MoneyGeek’s data, the best renters insurance company in Nevada for most drivers is American Family, with a total rating of 78 out of 100 points.
USAA offers the lowest renters insurance rates in many states, including coverage options not usually available from other insurance companies. The downside is that USAA insurance is only available to former and current military members and their families. USAA offers coverage for when you move, storage for your belongings, identity theft insurance and even flood and earthquake damages.
American Family offers additional coverage for personal belongings like jewelry and expensive art. The company offers special discounts for existing policyholders who have no claims for at least five years.
A standard renters insurance policy with State Farm coverages damage caused by weather and crime. Therefore, basic coverage protects your belongings from storms, theft and more. State Farm offers an array of customizable renters insurance plans that are reasonably priced and well-rounded. Their basic policy costs around $11 monthly. But for clients who bundle their renters and car insurance, State Farm offers special discounts.
Several companies offer renters insurance in Nevada, but the company with the biggest market share is State Farm. Larger, more stable companies are more likely to pay claims efficiently in the event of an unforeseen incident.
renters insurance is equal to the average.
In Nevada, the average renters insurance rate is $129 per year for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500. Compared to the national average rate in the United States, the Nevada rates are lower by around $31.
Renters insurance rates also vary within the state depending on factors unique to each company. By getting the cheapest available renters insurance in Nevada, you will be able to save around $14 each year compared to purchasing coverage from the state’s costliest insurer. By comparing quotes, you can secure the best deal in the market for your needs.
There is a long list of factors that affect how renters insurance providers compute your annual premiums. But there are a few main areas that drive the price of your renters insurance up or down:
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Many Americans find that purchasing renters insurance is one of the best decisions they can make. With the appropriate Nevada renters insurance plan, you can protect your personal belongings for a relatively low monthly payment.
In Nevada, approximately 41% of the population are renters who spend around $1,170 each month for rent. With a minimal additional cost of $11 monthly, or less than 1% of the average rent amount, a renter can purchase renters insurance with personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500.
Whether you want to get coverage for your household items or a few expensive personal pieces, there is a renters insurance plan to suit your needs. As you shop around for the renters insurance that’s right for you, make sure you understand what a typical package includes.
In Nevada, a basic renters insurance policy includes personal property, liability insurance, medical payments coverage and additional living expenses. This insurance ranges from replacing your personal belongings to coverage for someone else’s property and even third-party hospital bills. Your personal property coverage in Nevada will cover damages caused by natural calamities and theft.
There are many different renters insurance packages available in Nevada, but the typical renters insurance has certain limitations. Go through the list below to better understand what a standard renters insurance policy in Nevada does not cover.
You should read your policy carefully before making the final decision, as basic insurance coverage may vary from one insurance provider to another.
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
MoneyGeek analyzed renters insurance premiums from three of the top insurance companies in Nevada provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Nevada. Quotes were gathered for policies with personal property coverage of $20,000, $50,000 and $100,000, liability coverage of $100,000 and a deductible of $500.
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