Our editorial team analyzed regional and national home insurance companies that sell policies in Reno to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Home insurance in Reno, Nevada, averages $1,316 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data.
Located on several fault lines, Reno is prone to earthquakes, putting homes at higher risk of damage.1 Since most standard home insurance policies don’t cover earthquakes, you may need to buy an additional policy to protect your home and personal property.
Here’s what you need to know to compare homeowners insurance companies in Reno, Nevada.
Best home insurance companies in Reno
As a homeowner in Reno, you can choose from many quality home insurance companies. The right insurer for you depends on your unique situation, needs, and budget. The following are three of the best insurance companies in Reno, Nevada, according to Insurify data.
American Family: Best company for earthquake coverage
USAA: Best company for wildfire protection
State Farm: Best company for bundling discount
Cheapest home insurance companies in Reno
The Universal Insurance Company of North America offers the cheapest home insurance rates, according to Insurify data. Reno homeowners pay an average of $670 per year for $300,000 in dwelling coverage with this insurer.
The following table highlights other insurance companies offering cheap home insurance in Reno. These rates are for policies with a $1,000 deductible and $300,000 in dwelling coverage.
How much is home insurance in Reno?
The average cost of home insurance in Reno is $1,316 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Your policy cost may vary based on factors such as your:3
Home’s location
ZIP code
Home’s age and construction
Credit history
Coverage amount
Coverage types chosen
Deductible
Chosen insurance company
Cost of home insurance by dwelling coverage in Nevada
The average cost of home insurance in Nevada is $1,370 per year for $300,000 in dwelling coverage. For higher coverage amounts, you’ll pay a higher premium. To determine how much dwelling insurance you need, consider what it’d cost to rebuild your house after a total loss. Your insurance agent can help determine how much coverage you need.
The following table shows average annual premiums based on different dwelling coverage limits.
Cost of homeowners insurance by deductible amount
A homeowners insurance deductible is the amount of money you pay out of pocket before your insurance kicks in to cover a claim. When you purchase homeowners insurance, you typically get to choose your deductible. Paying a higher deductible lowers your premiums, but you’ll pay more out of pocket if you need to file a claim.
Take a look at how the deductible amount you choose affects your average annual premium for $300,000 in dwelling coverage.
Average cost of home insurance in other cities in Nevada
Where you live in Nevada — even within different ZIP codes in the same city — can affect your homeowners insurance premiums due to varying crime rates or natural disaster risks. For instance, earthquakes are more likely to occur on Nevada’s western border, in cities like Reno and Carson City, and are less frequent in the state’s eastern regions.4
The table below shows the average annual premium in other Nevada cities for $300,000 in dwelling coverage with a $1,000 deductible.
What to know about owning a home in Reno
As a homeowner in Reno, you need to consider possible perils, including earthquakes, wildfires, and floods.
Reno home insurance FAQs
If you’re looking for home insurance in Reno, check out the answers to some frequently asked questions below for more information.
The average monthly home insurance cost in Reno is approximately $110, according to Insurify data. Adding additional insurance, such as earthquake or flood coverage, will increase that cost.
The Universal Insurance Company of North America has the cheapest homeowners insurance in Reno, with an average annual cost of $670 for $300,000 in dwelling coverage, according to Insurify data.
How much you’ll pay for homeowners insurance on a $350,000 house depends on the type of insurance and deductible you choose, the home’s age, your ZIP code, and other factors.
The 80/20 rule is an insurance industry standard that helps determine how much dwelling insurance to purchase. It states that you need enough insurance to cover at least 80% of the full home replacement cost if you want your insurance company to cover your claim fully.
Yes. A standard homeowners insurance policy will cover your home if it’s damaged by a wildfire.
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