Las Vegas homeowners insurance rates have risen in the past year. Based on Bankrate’s research, Las Vegas homeowners pay an average annual home insurance rate of $924, for a policy with $250,000 in dwelling coverage. But average rates do not always paint an accurate picture, because insurers base rates on several unique factors, including your home’s age, construction type, location and proximity to fire services.

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Quick Facts
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Two Thirds
2 out of 3 homes
are underinsured
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1 out of every 20
insured homes makes a claim each year
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In our most recent study, Bankrate found that Travelers, American Family, USAA, Allstate and State Farm offer the best average annual homeowners rates in Las Vegas. We determined the best providers based on internal analysis and third-party consumer and financial reviews, examining how well each carrier performs in areas such as claims, customer support, financial strength, product offerings and rates.

Best cheap home insurance companies in Las Vegas

Based on Bankrate’s analysis of average rate data provided by Quadrant Information Services, Travelers, American Family and USAA offer some of the lowest homeowners insurance rates for Las Vegas residents. Four out of the five carriers we chose for our best and cheapest home insurance companies in Las Vegas have average premiums below the city average of $924 per year for $250,000 in dwelling coverage. They also rank well in the 2022 J.D. Power Home Insurance Study, which scores the highest-rated carriers based on customer opinions and reviews.

Each provider has also been awarded a Bankrate Score with a maximum of 5.0. Bankrate evaluates each provider’s affordability, average annual premiums, availability, customer service practices and financial strength as part of its Bankrate Score process. We also consider each insurer’s tools, such as mobile and online resources, as part of the Bankrate Score model.

Home insurance company Bankrate Score Average annual premium for $250K dwelling coverage J.D. Power score
Travelers 3.8 $501 794/1,000
American Family 4.0 $659 842/1,000
USAA* 4.8 $715 884/1,000
Allstate 3.9 $819 815/1,000
State Farm 4.7 $1,080 829/1,000

*Due to membership eligibility restrictions, USAA is considered rank-ineligible by J.D. Power.


If you are in search of a robust policy for your Vegas property, Travelers may be an option to consider. You can expand on a standard HO-3 policy by adding a number of extras such as green home coverage, water back up, sump pump discharge and overflow, additional replacement cost and several types of additional coverage for special items such as high-value jewelry and collectibles. However, Travelers did not score as highly with J.D. Power as some other insurance companies on this list, and its Bankrate Score is the lowest on the list as well.

Learn more: Travelers Insurance review

American Family

American Family has some unique add-ons Las Vegas residents may like. In a similar fashion to home warranty policies, equipment breakdown coverage pays for repairing or replacing your home’s systems and appliances, including swimming pools and HVAC. The option for matching siding coverage may be especially ideal for Craftsman-inspired homes. With it, AmFam offers to reimburse the replacement of undamaged siding up to $20,000, following a covered loss that requires the replacement of damaged siding.

Learn more: American Family Insurance review


USAA home insurance is only available to veterans, military personnel and families, which limits its availability to those who qualify. However, a large number of Vegas residents may be eligible for membership, as Las Vegas is home to two Air Force bases. USAA is one of the cheapest home insurance companies and scores highly in the J.D. Power Home Insurance Study, although it is ineligible for ranking due to membership requirements. An HO-3 from USAA has the option for higher value replacement cost coverage, which allows you to replace items with new versions instead of reimbursing you for an amount that deducts the item’s age and condition.

Learn more: USAA Insurance review


Allstate has some unique options that may be beneficial for Las Vegas residents. If you work from home, business property insurance may cover your work equipment and any inventory you keep at home. Sports equipment coverage adds extra reimbursement for expensive gear, like golf clubs. Yard and garden coverage is another unique option. Mature palm trees and high-end landscaping can be expensive to replace. The optional coverage raises the limits of landscaping items, including trees, tools and riding lawn mowers.  However, while Allstate made the cut in the 2022 J.D. Power Home Insurance Study, it earned an 815 overall customer satisfaction score, which is four points below the industry average.

Learn more: Allstate Insurance review

State Farm

State Farm’s home insurance rates in Las Vegas tend to be higher on average than some of the other competitors’ prices, but the carrier offers discounts that could reduce the cost of coverage. Discounts include roof discounts for newer roofs and ones that are impact-resistant, car and home insurance bundling and a home alert protection discount. To qualify for the home alert discount, smoke detectors, a burglar alarm or a home monitoring system must be present. It also earned one of the highest Bankrate Scores on this list.

Learn more: State Farm Insurance review

Home insurance coverage options in Las Vegas

If you own your Vegas home free and clear, you are not required to carry a homeowners insurance policy. However, a policy is often worthwhile because if anything goes wrong, such as a fire, home burglary or someone gets injured at your pool or property, your coverage would prevent you from having to pay for the losses and medical bills out of pocket. Besides a standard homeowner policy, consider the following add-ons:

  • Jewelry rider: Your home insurance limits how much it will reimburse for certain items. If you own diamond jewelry or collector’s watches such as a Rolex, a jewelry rider helps insure your higher-value items.
  • Green rebuild: If your insurance company offers the optional coverage, green rebuild coverage could pay for repairing your home with greener materials following a covered loss, such as a tankless water heater or a more energy-efficient air conditioning system.
  • Equipment breakdown coverage: The sun and high summer heat tends to wear down most home systems faster. Having equipment breakdown coverage could come in handy if your pool pump fails or you need to repair or replace your refrigerator.

Home insurance discounts in Las Vegas

Nearly all home insurance companies provide policyholders with a variety of discounts. Some of the possible discount opportunities include:

  • Bundling: Buying auto insurance and homeowners coverage with the same company could earn you a discount for both.
  • New construction: There are numerous new-build and master planned communities in Las Vegas. If you purchase a newly constructed home, you may qualify for a new construction home insurance discount.
  • Claims free: Consider asking your carrier if you qualify for a discount for having no claims over time. You may receive a claims-free discount and even a reduction in your deductible for every year without any issues.
  • Safety: Today’s camera-based wireless home security systems are easy to purchase and install yourself and could help you lower your premiums. In addition to a security system, having smoke and carbon monoxide detectors could qualify you for the safety discount.

In many cases, bundling your policies with the same carrier leads to the most significant savings, so if you’re able to bundle your home and car insurance, it may benefit you. For example, Allstate offers up to a 25% discount for bundling auto and home insurance policies. Avoiding claims may also result in substantial savings for some homeowners. For example, USAA extends up to a 15% discount to policyholders who do not file a claim within a five-year period.

Frequently asked questions