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Nevada Homeowners Insurance Quotes

The state of Nevada has some of the wildest and most beautiful landscapes in the country. Whether you love to get out in the desert on your four-wheeler, head to Lake Tahoe for boating or enjoy the bright lights of Las Vegas, the state of Nevada has you covered.

While almost 75 percent of our population lives in Clark County, which contains the Las Vegas-Paradise metropolitan area, Nevada has plenty of other areas that are great places to call home. Nevada is large, ranking as the 7th most extensive state in the nation but we have plenty of open space, Nevada ranks 9th in the least densely populated states.

Regardless of whether you decide to put down roots in the Las Vegas area or buy a home in our capitol city of Carson City, moving to Nevada is one of the best decisions you will ever make.

Nevada Facts

According to the Census Bureau, Nevada had an estimated population of 2,839,099 in 2014, which is an increase of 5.13%, since the year 2010.

While growth has slowed in recent years, Nevada was the eighth fastest growing state in the nation according to the 2006 census. Las Vegas is by far the largest city in the state with a population of 603,000 residents, dwarfing the number two city of Henderson which 270,000 call home. If you are looking for a small town feel, consider Incline Village in Washoe County, the Lake Tahoe area. Housing options abound in the Silver State.

Median income in Nevada was $51,230 in 2013, the latest figures available which ranks it as a fairly unimpressive 39th in the country. The cost of housing can vary dramatically across the state which means that just about everyone can find an affordable housing option.

According to Zillow the median home value in Nevada is $195,600 making homeownership very affordable. While Nevada real estate prices took a hit during the Great Recession, they are starting to climb back. Prices shot up 11.3 percent last year and Zillow is predicting they will go up another 5.5 percent this year so it's a good time to get in the market.

Areas like Gardnerville tend to have higher home values with a median price hitting $258,000 while the more affordable option of Fernley comes in at a much more reasonable $148,000.

Homeowers Insurance in Nevada

Another great thing about living in Nevada is the cost of homeowners insurance. Only 18 states have a lower average premium than us. The median annual premium comes in at a very affordable $584.

If you want to drive your insurance cost even lower, most experts recommend shopping your policy on an annual basis. We can help you find a great policy at an affordable price. We shop a huge number of national insurers to come up with the best deal for you. Best of all, the service is free and convenient.

Another great way to save is to adding home security. Adding a monitored security system can result in a fairly significant discount. Discounts will vary so contact your insurer for details.

Factors to Consider in Nevada

Nevada is fairly lucky when it comes to natural disasters. Earthquakes are rare, and tornadoes are almost non-existent. Flooding however can be an issue. Hot, dry air hardens the earth, which doesn't easily absorb water so heavy rains can lead to flash flooding.

Flood damage is not covered by a normal homeowners policy so it is extremely important to purchase an additional flood policy if your home is located within a flood zone. This can also be important in the Lake Tahoe area of Washoe County. Costs will vary depending on the location of your home but in general, flood insurance can be fairly expensive.

Crime rates will also affect your homeowners rates and unfortunately Nevada has plenty of crime. The Silver State ranks number two in the country when it comes to crime rates. Our robbery rate, motor-vehicle theft rate and aggravated assault rate are quite high compared to other states and this will absolutely affect your insurance rates, regardless of whether you live in Reno or Minden.

There are a number of websites that will break down crime rates by neighborhood and it is a good idea to check any areas that you are considering. If the crime rate is too high, move on to the next area.

If you are moving to Kingsbury, Blue Diamond, Spanish Springs or any of Nevada's other beautiful cities we can help. We work with some of the largest insurance companies in the state and can help you find the best coverage at an affordable price.

Average Homeowners Insurance Premiums in Nevada

With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Nevada homeowners are paying on average. Did you know that the average homeowners insurance premium in Nevada is $824? Nevada is now ranked 47 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Nevada is 37.15% less than the national average.

YearAverage Annual PremiumAverage Monthly PremiumState Rank (Overall)
2020$824 (4.2%)$ 6947
2019$791 (1.9%)$ 6648
2018$776 (2.74%)$ 6548
2017$755 (1.74%)$ 6348
2016$742 (0.68%)$ 6248

When we combine the state averages over the last decade, the Nevada overall average is estimated to be around $810.73. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Nevada current state rank compare to the rest of the country is #47. Consider shopping your Nevada home insurance with us so we can help you save up to 40% or more on your policy.

Find Local NV Homeowners Insurance Quotes & Coverage

For more information on homeowners insurance in your area, choose a county below:

Nevada Homeowners Insurance News & Information

  • Did you know? Your Home Insurance Doesn’t Cover… Posted on Wednesday 29th November, 2023

    While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket.  Let’s have a quick look at what your homeowners policy does and doesn’t […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

  • What Is the 80/20 Rule In Homeowners Insurance? Posted on Wednesday 8th November, 2023

    If you are purchasing a home, your lender will require that you carry homeowners insurance to protect their investment in your home. Homeowners coverage will help cover the cost of repairing or replacing your home if it is damaged or destroyed by a covered peril.  Covered perils can include items such as a hurricane or […]

  • Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023

    Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]

  • Are hardwood floors covered by my homeowners insurance? Posted on Friday 20th October, 2023

    Hardwood floors can be expensive to repair or replace if they are damaged and a question that many homeowners have is whether or not hardwood floors are covered by their homeowners insurance.  The good news is that in most cases, your damage will be covered as long as it is caused by a covered peril. […]

Nevada Housing & Real Estate Data

Total Housing Units1173814
Occupied Housing Units1006250
Vacant Housing Units167564
Vacant Housing Units for Rent61985
Vacant Housing Units Rented Not Occupied1838
Vacant Housing Units For Sale32949
Vacant Housing Units Sold Not Occupied3416
Vacant Housing Units For Seasonal Occasional Use32703
Vacant Housing Units All Other Vacants34673
Housing Units Homeowner Vacancy Rate Percent5.2
Housing Units Rental Vacancy Rate Percent13
Housing Tenure Occupied Units1006250
Housing Tenure Occupied Units Owner Occupied591480
Housing Tenure Occupied Units Owner Occupied Population1574145
Housing Tenure Occupied Units Owner Occupied Averge Household Size2.66
Housing Tenure Occupied Units Renter Occupied414770
Housing Tenure Occupied Units Renter Occupied Population1090252
Housing Tenure Occupied Units Renter Occupied Average Household Size2.63

Understanding Nevada Homeowners Insurance

When shopping for Nevada homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:

  • HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
  • H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
  • HO-4: If you are looking for Nevada renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.

While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.

If you are shopping for a new home in Nevada, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Nevada rates and coverage options.