Best Nevada Homeowners Insurance Quotes (2025)

Travelers has some of the cheapest homeowners insurance in Nevada, with average monthly premiums of $68.

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The average cost of home insurance in Nevada is $1,150 for a policy with $300,000 in dwelling coverage and a $1,000 deductible, which is well below the national average of $2,520.

But homeowners insurance costs in Nevada are on the rise — rates are projected to increase by 9% in 2024, with 46% of insurers raising rates, according to an Insurify home report. So it’s important to compare home insurance quotes to find the best rates and coverage for your needs.

Quick Facts

  • Universal Insurance Company, Travelers, and American Family are the cheapest insurers for Nevada homeowners.

  • Nevada homeowners with older homes pay a yearly average of $1,319 for a policy with $300,000 in dwelling coverage, and Nevada condo owners with $400,000 in dwelling coverage pay $522 per year, on average.

  • Nevada homeowners face a risk of wildfires, flooding, and earthquakes. Standard home insurance policies don’t cover flood or earthquake damage, so it’s important to make sure you have adequate coverage.

Best home insurance companies in Nevada

Nevada offers many different home insurance companies to choose from, and the best home insurance company for you will depend on your specific circumstances. Start your search with the insurers listed below.

  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Universal Insurance Company

Universal Insurance Company offers the cheapest average rates in Nevada, at $888 annually. The company’s coverage is fairly comprehensive — its dwelling coverage protects the structure of your home and attached structures, like a swimming pool and pool enclosures. If you have a homeowners association, Universal will also cover any costs your HOA levies due to a covered loss.

Pros

  • Offers the cheapest rates in Nevada

  • Provides comprehensive insurance coverage

Cons

  • AM Best financial strength rating of B+ (Good), which is lower than many insurers

  • Doesn’t advertise any discounts on its website

Best insurer for endorsements: Travelers

Best insurer for new homes: American Family

Best insurer for overall value: State Farm

Cheapest home insurance in Nevada

Many factors influence your home insurance costs, including your location, claims history, and the type of coverage you need. Most home insurance companies consider the same criteria when evaluating you for insurance, but your rates can still vary depending on the insurer you choose.

On average, Universal Insurance Company, Travelers, and American Family are the cheapest home insurance companies for most Nevada homeowners. Explore other affordable insurers in the table below.

Cost of homeowners insurance in Nevada

In Nevada, the average cost of home insurance is $1,260, but many different factors can influence the cost of your premiums. For example, your ZIP code can determine how much you pay for insurance. If you live in an area at high risk of flooding or with a high rate of vandalism or theft, your insurer will see you as a bigger risk.

And if you have an older home, you’ll pay more for insurance than if you had a new build. Older homes tend to have outdated appliances and systems and may need more repairs than a new home. Your claims history, deductible, and credit history can also affect the cost of homeowners insurance.

Cost of homeowners insurance by dwelling coverage amount

Dwelling coverage pays to repair or replace the structure of your home and any attached structures following a covered loss. The more dwelling coverage you purchase, the more you’ll pay for home insurance.

In the table below, you can see the average annual premiums in Nevada for different dwelling coverage limits on policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

When you file an insurance claim after a covered loss, you’ll pay an out-of-pocket deductible before your insurer covers the rest. A higher deductible means your insurer has to pay for less of the claim, so choosing a high deductible can lower your home insurance costs.

Here’s what Nevada homeowners pay for a $500 deductible versus a $1,000 deductible for policies with $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Nevada

Here are some strategies you can use to find cheap home insurance in Nevada:2

  • Take advantage of discounts. Most insurance companies offer discounts to help you save on homeowners insurance. For example, you could earn a discount for bundling your home and auto insurance, buying a new house, or staying claims-free.

  • Improve your home safety. You may receive a discount on your homeowners insurance if you install certain safety features, like a security system or sprinkler system.

  • Improve your credit. In Nevada, insurance companies can look at your credit-based insurance score when evaluating you for coverage. Maintaining good credit can help you lower your home insurance premiums.

  • Stay with the same insurer. Many insurance companies offer a loyalty discount to longtime customers. You may also earn a discount if your parents are members of that same insurance company — this is called a legacy discount.

  • Raise your deductible. Raising your deductible is an easy way to save on your insurance costs. Just make sure you can afford to pay that deductible if you ever have to file a claim.

  • Shop around. Every insurance company is slightly different, so it’s a good idea to compare quotes from at least three different companies before choosing an insurer. This will help you find not only cheap insurance but also coverage that meets your needs.

How much homeowners insurance do you need in Nevada?

Nevada law doesn’t require you to purchase homeowners insurance, but if you take out a mortgage on your house, your mortgage lender will. The amount of coverage you need will depend on a variety of factors.

First, you want to calculate the replacement cost of your home and the estimated value of your personal belongings. It’s also important to consider the average labor and material costs in your area since this will affect the repair costs.

You should also think about what your average living expenses would be if your home was temporarily uninhabitable. Loss of use coverage will pay for things like hotel and food costs, and having adequate coverage can greatly reduce your financial stress.

No matter what insurance you end up choosing, it’s important to understand what your policy covers. Understanding the nuances of your plan will ensure you’re covered for everything you want to be.

What are some of the biggest risks when owning a home in Nevada?

Here are the biggest natural disasters Nevada homeowners face:

Nevada homeowners insurance FAQs

If you’re shopping for home insurance in Nevada, this additional information may help as you research your coverage options.

  • How much is home insurance in Nevada?

    Home insurance in Nevada costs an average of $1,150 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. But your rates will vary depending on many factors, including your ZIP code, the age of your home, the square footage of your home, and the coverage levels you choose.

  • Which company has the cheapest homeowners insurance in Nevada?

    Travelers has the cheapest homeowners insurance in Nevada, with monthly premiums averaging $68.

  • Does Nevada require homeowners insurance?

    No. Nevada doesn’t require homeowners insurance, but your lender will require it if you have a mortgage on your home. Even if you’ve paid off your mortgage, you should still carry home insurance so that you’re protected financially if something damages your home and you have to make costly repairs.

  • What does homeowners insurance in Nevada typically cover?

    A special form, or HO-3, policy is the most common type of home insurance. It covers damage to the structure of your home and other structures, your personal belongings, personal liability if someone is injured on your property, and additional living expenses if you have to move somewhere temporarily while your home is being repaired.

Jamie Johnson
Jamie Johnson

Jamie Johnson is a Kansas City-based personal finance writer whose work has been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance. For the past six years, she's dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.

Jamie has been a contributor at Insurify since October 2022.

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