How much is homeowners insurance in Reno,NV

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The average cost of homeowners insurance in Reno is $1,384 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,198 less than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Reno depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Reno, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Reno.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Reno.

Key takeaways

The cost of your homeowners insurance policy in Reno can vary based on factors such as your location, the value of your home, and the coverage options you select.
Nationwide is the cheapest homeowners insurance company in Reno with an average annual premium of $1,095.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $355 more, annually for home insurance.

How much is homeowners insurance in Reno per month

According to our rate analysis, homeowners in Reno pay an average of $115 per month. It’s $5 less than the state average of $120 and $100 less than the national average for home insurance across the United States.

In Reno, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

How much is homeowners insurance for a $200,000 house in Reno

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,029 per year in Reno, NV. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Reno

According to Insure.com’s rate analysis, homeowners in Reno typically pay an average of $1,384 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $355. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Reno by company

After evaluating several carriers, Nationwide is the least expensive homeowners insurance provider in Reno. It’s average annual rate for homeowners in Reno is $1,095.

State Farm holds the second position, while American Family secures the third spot with an average annual home insurance rate of $1,490.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Reno and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Reno and their average annual premiums.

Home insurance company	Annual rate
Nationwide	$1,095
State Farm	$1,183
American Family	$1,490
Farmers	$1,545
CSAA Insurance (AAA)	$1,627
Country Financial	$2,053
USAA*	$1,115

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Reno for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.