Best cheap homeowners insurance in Reno

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Parts of Reno straddle the border of Nevada and California, two states with high property values, taxes and home insurance rates. Luckily, Reno is on the cheaper of the two sides — Nevada. The median home value is nearly $450,000. The average cost of homeowners insurance Reno is $782 per year for $250K in dwelling coverage. Rates are lower than the rest of the state, which averages $822 per year and California’s $1,014 for home insurance.

While this is great news for Reno homeowners and prospective home buyers, you could still save further on home insurance. Bankrate collected quotes from the best home insurance companies to find the cheapest carriers.

Best cheap home insurance companies Reno

We took Bankrate’s pricing data and compared discounts, coverage options, online tools and customer ratings from J.D. Power’s customer satisfaction study to select five of the best and cheapest home insurance companies in Reno.

Home insurance company Average annual premium for $250K liability J.D. Power customer satisfaction score
Travelers $549 803/1,000
USAA $585 889/1,000
American Family $640 821/1,000
Allstate $751 829/1,000
State Farm $846 829/1,000


Travelers has the cheapest home insurance in Reno on average with rates of $549 for the year, $233 less than the city average. The carrier has a few ways you may be able to get cheaper rates. They include multi-policy, which could save you up to 12% when you bundle home and car insurance, new homebuyer if you purchased your house in the last 12 months and 5% off your premiums if your home is certified as a LEED green home.

Learn more: Travelers Insurance review


If you or a family member are Armed Forces or a veteran, USAA offers home insurance exclusively for members like you. The carrier’s premiums are low, especially when you consider that your home insurance comes with free identity theft and replacement cost coverage. USAA is also the highest-ranked carrier for customer satisfaction. J.D. Power awarded it 889 out of 1,000 points. The savings in coverage paired with the high customer ratings and additional financial services geared toward military members makes USAA a great choice.

Learn more: USAA Insurance review

American Family

American Family’s insurance bundles for homeowners are some of the best. According to the carrier, buying home and auto insurance could save you up to 29% on your auto coverage and 20% on your homeowners insurance. In addition to the big savings, American Family has many specialty coverages including matching siding, service line, diminishing deductible, hidden water damage and equipment breakdown coverage.

Learn more: American Family Insurance review


Allstate is another carrier with affordable rates and unique home insurance options. For example, you can add sports equipment coverage to cover more gear such as golf clubs or skis. Expand protection into your backyard by adding coverage for your landscaping tools, riding lawn mover, pool equipment and trees.

Learn more: Allstate Insurance review

State Farm

State Farm may have the best local presence in Reno, with 24 agents ready and willing to help. However, you do not have to visit an agent to buy home insurance with State Farm. State Farm’s website and mobile app are extremely user-friendly, making shopping for home insurance a painless experience. And once you sign up for coverage, you could manage your policy, pay your bill and file/track claims from the website or mobile app.

Learn more: State Farm Insurance review

Reno home insurance options

Homeowners insurance is not mandatory in Nevada, but it protects you financially if you experience events such as a fire or burglary. Besides a basic policy, consider options that cover other aspects:

  • Green rebuild: Green rebuild insurance allows you to use greener building materials such as a tankless water heater or non-toxic paint. Even if your original home was not built green, the add-on will allow you to rebuild a more sustainable home.
  • Jewelry rider: Coverage through your standard home insurance for more expensive jewelry and watches is limited. A jewelry rider insures your finer jewelry for their full value.
  • Equipment breakdown coverage: Some of your home’s systems, such as HVAC, pool and electrical are expensive to fix or replace. Equipment breakdown coverage covers the cost, potentially saving you thousands of dollars.

Home insurance discounts in Reno

You may be able to lower your premiums further when you take advantage of insurance company discounts. Some of the most effective include:

  • Bundling: Get a significant discount when you buy auto and home insurance from the same insurance company.
  • Safety: Home security systems are easy to install yourself and could help you reduce the chances of burglary while lowering your homeowners insurance.
  • Claims free: If you have not had a home insurance claim in years (or ever), be sure to ask your carrier for a discount.

Frequently asked questions

What is the best home insurance company in Reno?

No one insurance company will be the best fit for every Reno resident. Get quotes from the providers that interest you the most and compare prices, discounts you are eligible for and add-on coverages that are beneficial to you.

How much does home insurance in Reno cost?

The average cost of homeowners insurance in Reno is $782 per year for $250K in dwelling coverage. However, we found four carriers with cheaper rates than the average for the city.


Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and homes in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2021 Quadrant Information Services data.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN,, and She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
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