How much is homeowners insurance in Sparks, Nevada?

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The average cost of homeowners insurance in Sparks is $1,366 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 $1,216 less than the national average of $2,582 .

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

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Sparks, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Sparks.

Key Takeaways

Homeowners insurance costs $1,366 per year in Sparks.
At $1,094 per year, Nationwide offers the cheapest homeowners insurance in Sparks.
Your home insurance rates increase by $350 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Sparks per month?

Residents of Sparks pay an average of $114 per month for homeowners insurance. This is $6 less than the state average of $120 and $101 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Sparks can vary depending on your location, property value, and selected coverage options.

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

In Sparks, homeowners pay an average of $1,016 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

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

According to a rate analysis by Insure.com, homeowners in Sparks pay an average of $1,366 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $350 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Sparks by company?

Among the carriers we analyzed, Nationwide is the most affordable homeowners insurance company in Sparks. Its average annual rate for homeowners in Sparks is $1,094 , while State Farm ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Sparks and compiled a list of the most affordable home insurance companies.

Below are details of Sparks home insurance companies and their average annual premiums.

Home insurance company	Annual rate
Nationwide	$1,094
State Farm	$1,218
American Family	$1,490
Farmers	$1,535
CSAA Insurance (AAA)	$1,598
Country Financial	$1,938
USAA*	$1,063

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Nevada that can impact your home insurance

Living in Nevada comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Nevada is commonly affected by Heat wave.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

TIP

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Sparks for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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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.