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Best homeowners insurance in Nevada for 2023

You can find the best homeowners insurance in Nevada with USAA, Country Financial, State Farm, American Family and Farmers
Updated Sep 01, 2023
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Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
Circle Check
100% of homes
need insurance before getting a mortgage
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Compare the best home insurance companies in Nevada

As you research Nevada homeowners insurance companies, there are several factors that you may want to take into consideration. Understanding what you are looking for in a company — the lowest price, certain coverage options or specific policy features — may help you best understand what company is right for you.

We used multiple factors, from average rate data provided by Quadrant Information Services to customer satisfaction rankings with J.D. Power, to determine that the best Nevada homeowners insurance policies are being written by five companies: USAA, Country Financial, State Farm, American Family and Farmers. Keep in mind that USAA is only available to active-duty military, veterans and qualifying family members.

USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
AM Best
A++
J.D. Power
884
/1,000
Average monthly premium
$57
Average annual premium*
$680
Get a quote
Country Financial
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A+
J.D. Power
830
/1,000
Average monthly premium
$149
Average annual premium*
$1,782
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power
829
/1,000
Average monthly premium
$84
Average annual premium*
$1,013
Read review
American Family
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
AM Best
A
J.D. Power
842
/1,000
Average monthly premium
$56
Average annual premium*
$677
Get a quote
Farmers
Rating: 2.9 stars out of 5
2.9
Bankrate Score
Info
AM Best
A
J.D. Power
792
/1,000
Average monthly premium
$105
Average annual premium*
$1,259
Get a quote
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*USAA not officially ranked by J.D. Power due to eligibility restrictions.

The top five home insurance companies in Nevada

USAA

Best for military-focused coverage

Rating: 3.7 stars out of 5
3.7 Bankrate Score
JD Power: 884/1,000 AM Best: A++

Average annual premium

$ 680 for $250k dwelling coverage
USAA Review Get a personalized quote

Why USAA made our list: USAA has the second-cheapest average premium on our list, but the caveat is that it only sells coverage to active-duty military and veterans and their qualifying family members. If you qualify for USAA insurance, you may be able to take advantage of the company’s excellent customer service, reliable coverage and discounts. Although the company does not qualify for official ranking with J.D. Power due to its eligibility restrictions, it consistently receives high customer satisfaction scores.

Who USAA may be good for: Military members stationed at Nellis or Creech Air Force Bases may appreciate USAA's good reputation for quality coverage and excellent customer service. The company offers coverage options that are specific to those serving their country, such as insurance for your uniforms.

Country Financial

Best for customer service

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 830/1,000 AM Best: A+

Average annual premium

$ 1,782 for $250k dwelling coverage
Country Financial Review Get a personalized quote

Why Country Financial made our list: Country Financial earned an above-average score in J.D. Power’s 2022 U.S. Home Insurance Study for overall customer satisfaction. The average premium is more expensive than Nevada’s average, but you may have the option to customize your policy with add-on coverage for sump pump failure, countertop burns, identity theft and more. The company also has several potential discounts that could help you save on your premium.

Who Country Financial may be good for: If you value customer satisfaction more than saving money, consider Country Financial. Its high score on the J.D. Power survey indicates a company that values its relationship with policyholders.

State Farm

Best for exclusive local agents

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829/1,000 AM Best: A++

Average annual premium

$ 1,013 for $250k dwelling coverage
State Farm Review Get a personalized quote

Why State Farm made our list: State Farm is the largest home insurance company in the country based on market share. State Farm’s home insurance coverage is fairly standard, but the company offers a few potential discounts that can help Nevada homeowners get a lower rate. State Farm also has helpful online tools and resources and a user-friendly mobile app. If you are looking for optional coverage, State Farm offers a few endorsements, including options to cover your musical instruments, jewelry and lawn decorations. The company has more than 20 offices throughout the state, so exclusive local agents are available no matter where you live.

Who State Farm may be good for: If you like to develop a good relationship with an agent who works in your community and has feet-on-the-ground knowledge of your area, State Farm might be a good choice. Its exclusive local agent network features seasoned pros who can answer your questions and help you build the best policy for your needs.

American Family

Best for low average rates

Rating: 3.1 stars out of 5
3.1 Bankrate Score
JD Power: 842/1,000 AM Best: A

Average annual premium

$ 677 for $250k dwelling coverage
American Family Review Get a personalized quote

Why American Family made our list: American Family homeowners insurance comes with all the basic coverage you expect in a homeowners insurance policy, plus the option to add endorsements for more protection. With the lowest average rates on our list, it might be a good option for those on a budget. To get an even cheaper rate, you might qualify for some of its potential discounts, such as being a loyal customer, paying in full and having a recently renovated home. American Family also has a diminishing deductible program. 

Who American Family may be good for: With its low average rates, American Family may be a good choice for new homeowners who are cash-strapped after their home purchase. With a high customer satisfaction rating from J.D. Power, the company clearly doesn't sacrifice good customer service in favor of cheaper rates.

Farmers

Best for customizing your policy

Rating: 2.9 stars out of 5
2.9 Bankrate Score
JD Power: 792/1,000 AM Best: A

Average annual premium

$ 1,259 for $250k dwelling coverage
Farmers Review Get a personalized quote

Why Farmers made our list: Farmers has a higher average premium than Nevada’s statewide average, but you may want to get a quote if you are looking for a policy that you can customize. Farmers’ home insurance policies come in three levels: standard, enhanced and premier. Within the levels, you can add optional coverage to tailor your policy to your needs. And you might be able to lower your premium with discounts, like savings for non-smokers and for homes with security systems.

Who Farmers may be good for: Not everyone wants or needs a cookie-cutter policy, and if that's the case for you, Farmers may be worth a look. Unlike some companies that offer a single level of basic coverage with a few add-ons, Farmers has a robust, three-level system from which you can choose for your own coverage, along with endorsements such as guaranteed replacement cost and building ordinance or law.

How Bankrate chose the best home insurance companies in Nevada

To determine the best Nevada home insurance companies, Bankrate's insurance editorial team, which includes licensed agents, analyzed data sourced from Quadrant Information Services to determine average annual rates for each company. We then looked at third-party ratings for customer satisfaction from J.D. Power and financial strength ratings from AM Best along with digital accessibility and the breadth of coverage options and discounts. With all this data factored in, we determined a Bankrate Score, from 0.0 to 5.0 for each company (with 5.0 being the highest), to help homeowners easily compare companies and make the best determination for their needs.

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years of industry expertise
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122
carriers reviewed
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ZIP codes examined
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1.2M
quotes analyzed

How much is home insurance in Nevada?

The average cost of homeowners insurance in Nevada is $889 per year for a policy with $250,000 in dwelling coverage. For comparison, the average cost of home insurance in the United States is $1,428 per year. Nevada homeowners pay about 38 percent less than the average American for their home insurance coverage.

Home insurance in Nevada is cheaper on average than in many bordering states. In California, the average annual home insurance premium is $1,225 and in Arizona, homeowners pay an average of $1,268 per year. A number of factors go into determining home insurance premiums. Nevada is less prone to severe weather and wildfire impacts compared to neighboring states, leading to lower property claim frequency and severity.

Average annual premium by dwelling coverage level in Nevada

$150K
$528
$250K
$680
$350K
$814
$450K
$944
$750K
$1,320
$150K
$1,130
$250K
$1,782
$350K
$2,431
$450K
$3,082
$750K
$5,061
$150K
$718
$250K
$1,013
$350K
$1,235
$450K
$1,526
$750K
$2,382
$150K
$528
$250K
$677
$350K
$809
$450K
$933
$750K
$1,263
$150K
$784
$250K
$1,259
$350K
$1,771
$450K
$2,254
$750K
$3,677
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Your premium is determined in part by the area of the state you live in. Insurers look at how many claims they receive from each ZIP code to help determine risk. In areas where there are numerous claims—either because of frequent natural disasters, high crime or any other reason—rates are likely to be higher. Areas with fewer claims, meanwhile, will see lower average rates. Here are some of the cheapest cities for Nevada homeowners insurance, each of which are 9 percent lower than the state average :

  • Boulder City: $807
  • Round Mountain: $808
  • West Wendover: $810
  • Hiko: $812
  • Montello: $812

In these Nevada cities, the cost of homeowners insurance is the most expensive throughout the state. If you live in one of these areas, however, you may still be able to purchase low-cost home insurance by shopping around and taking advantage of available discounts. Even in the most costly cities, where home insurance rates range from 5 to 14 percent higher than the Nevada state average, average rates are still well below the average national rate of $1,428.

  • Coyote Springs: $1,015
  • Crystal Bay: $1,001
  • Jean: $941
  • Blue Diamond: $936
  • Indian Springs: $936

*Rates are for $250,000 in dwelling coverage.

How to find the best cheap home insurance in Nevada

Of course, no matter where you live, you want to purchase home insurance that covers your finances adequately at the lowest price possible. Here are a few strategies that might help you save money when you shop around for Nevada homeowners insurance.

  1. Take advantage of bundling: Almost all insurers offer significant savings if you purchase more than one policy from them. Most commonly, this will mean you have your home and car insurance with the same company. 
  2. Take care of your roof: An older roof can cause costly insurance claims, so insurers want to know how old your roof is when you ask for a quote. A newer roof will typically earn you a better price on home insurance, and if it's made with storm-resistant materials, you may even earn a discount.
  3. Watch your credit score: Statistically, people with lower credit scores (which factor into your credit-based insurance score) file more claims, so having poor credit can affect your home insurance rates in most states. Try to keep an eye on your credit score, or consider working with a financial planner to keep your credit score as high as possible to get lower rates. 
  4. Increase your deductible: A higher deductible means you pay more out of pocket before your insurance kicks in after an approved claim, and it's likely to earn you a lower premium. Just make sure that whatever deductible you select is an amount you feel comfortable paying on short notice.

Common home insurance discounts in Nevada

In addition to the strategies we've listed above, you might be able to save money on your Nevada home insurance by utilizing available discounts. A knowledgeable insurance agent can help you determine which home insurance discounts offered by your preferred company you qualify for, or you may be able to find a listing of them on your company's website. Here are a few that are common in Nevada:

Home insurance coverage options in Nevada

Most Nevada homeowners insurance companies offer basic homeowners insurance, plus a variety of endorsements for additional protection. Here are some other insurance coverage types that Nevada homeowners might want to consider that are not included in a standard policy. Some of these coverage types may be available as an endorsement rather than a separate policy, so speak with your insurance agent to learn more.

  • Flood insurance: Flood damage is not covered by standard homeowners insurance policies. You will need a flood insurance endorsement (offered by very few companies) or a separate flood insurance policy from the National Flood Insurance Program (NFIP) or a private insurer to be covered.
  • Earthquake insurance: Homeowners insurance policies generally do not include coverage for earthquake damage, but you may be able to add it as an endorsement. If you are in a high-risk area, you may need a separate earthquake insurance policy.
  • Water backup insurance: Water damage caused from a backed-up sewer or drain lines is not an automatic coverage and must be added by endorsement. This kind of damage is more common in basements and crawl spaces but can occur from any sewer or drain line.

If you are unsure what coverage options may be best for your situation, talking with an agent might be helpful.

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Written by
Mary Van Keuren
Contributor, Insurance

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Senior Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute