Average homeowners insurance cost in Nevada

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Nevada homeowners insurance costs $1,444 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Nevada.

Key Takeaways

Homeowners insurance costs an average of $1,444 a year, based on Insure.com analysis.
Of all the ZIP codes in Nevada, 89701 has the most affordable home insurance rates at around $1,302 annually.
In Nevada, Nationwide provides the most affordable home insurance at an average annual premium of $1,134.

Average home insurance cost in Nevada by coverage level

The average cost of homeowners insurance in Nevada is $1,444 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $1,827 per year for homeowners insurance in Nevada for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Nevada for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,072	$89
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,093	$91
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,444	$120
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,467	$122
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,827	$152
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,853	$154
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,676	$223
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,707	$226
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,264	$355
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,304	$359

Homeowners insurance companies in Nevada decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Nevada

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Nevada using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Nevada. Based on the analysis, American Family received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
American Family	$1,490	A	0.37	5
Nationwide	$1,134	A+	0.87	4.85
Farmers	$1,609	A	0.54	4.57
State Farm	$1,339	A++	0.95	4.53
Country Financial	$2,144	A+	0.26	4.32
CSAA Insurance (AAA)	$1,618	A	1.23	4

Average homeowners insurance cost by company in Nevada

Nationwide offers the most affordable homeowners insurance in Nevada, at an average annual premium of $1,134, followed by State Farm and American Family.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Nevada homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Nationwide	$1,134	$94
State Farm	$1,339	$112
American Family	$1,490	$124
Farmers	$1,609	$134
CSAA Insurance (AAA)	$1,618	$135
Country Financial	$2,144	$179
USAA*	$1,234	$103

*USAA is only available to military community members and their families.

Nevada homeowners insurance rates by ZIP code

Insurance companies in Nevada assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Nevada. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Nevada

Home insurance costs vary across different areas in Nevada. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 89701 ZIP code has the lowest home insurance rates in Nevada, at $1,302 annually or $109 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in Nevada.

ZIP code	Average annual rate	Average monthly rate
89701	$1,302	$109
89702	$1,303	$109
89703	$1,318	$110
89143	$1,332	$111
89557	$1,336	$111
89138	$1,339	$112
89412	$1,342	$112
89131	$1,344	$112
89436	$1,345	$112
89441	$1,348	$112

Most expensive ZIP codes for home insurance rates in Nevada

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Nevada, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

89109 has the most expensive homeowners insurance rates in Nevada at an average annual cost of $1,766.

Below, we’ve highlighted some of the most expensive ZIP codes in Nevada for home insurance:

ZIP code	Average annual rate	Average monthly rate
89109	$1,766	$147
89101	$1,751	$146
89104	$1,720	$143
89121	$1,718	$143
89119	$1,713	$143
89169	$1,705	$142
89106	$1,700	$142
89030	$1,633	$136
89004	$1,605	$134
89032	$1,592	$133

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Nevada by city

See rates in your city

Home insurance rate trend in Nevada

We analyzed home insurance rate trends in Nevada and found that homeowners insurance rates experienced an overall increase of only 1% or $11, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,193	$1,433	$1,444

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Nevada.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.