Updated: November 29, 2024
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In Reno, Nevada, Capital Insurance Group is the best and cheapest choice for home insurance. For excellent customer service, American Family excels.
These companies cater to different needs. Choosing the best affordable home insurance depends on your individual needs and preferences, such as premium costs, customer service and coverage options.
Best HomeInsuranceReno, NVTable of Contents
Why Trust MoneyGeek?
We used data and rates from the Nevada Division of Insurance and Quadrant Information Services to select the top homeowners insurance options in Reno.
Home insurance premiums in Reno represent the latest available quotes as of September 2024.
MoneyGeek found that Capital Insurance Group is the best option for home insurance in Reno, Nevada, for 100K dwelling coverage. It has a MoneyGeek score of 70 out of 100.
The scores for home insurance companies in Reno, Nevada, range from 50 to 70. These figures reflect MoneyGeek's scoring system, which may differ based on factors like your credit history and the age of your home.
| Capital Insurance Group | 70 | $266 |
| State Farm | 69 | $576 |
| Nationwide | 68 | $562 |
| Encompass | 60 | $523 |
| American Family | 58 | $731 |
| Farmers | 53 | $692 |
| COUNTRY Financial | 50 | $745 |
MoneyGeek found that Capital Insurance Group is the best option in Reno, Nevada, for 100K dwelling coverage. The two best overall home insurance companies in Reno for $100K dwelling coverage are:
Capital Insurance Group is the best home insurance provider due to its affordability and reasonable coverage options.
In Reno, Nevada, different companies offer various costs and services. While cost is important, consider factors like customer satisfaction and coverage quality because they are essential when making claims.
Capital Insurance Group scores high in affordability and customer satisfaction, making it a top choice. It offers comprehensive home insurance with coverages like home rental and service line. You can save with discounts like bundle, which combines home and auto insurance. This helps you save money by having both policies with the same company.
Capital Insurance Group provides useful coverages, such as equipment breakdown, which helps if appliances break due to power surges. Cyber event/ID theft coverage protects against identity theft. Scheduled personal property covers valuable items like jewelry.
MoneyGeek found that American Family offers the best customer service in home insurance in Reno, Nevada, specifically for 100K dwelling coverage.
American Family ranks highest because of its outstanding customer satisfaction and comprehensive coverage options. These factors significantly contribute to its high MoneyGeek score. It is an excellent pick if you want reliable service and protection for your home.
Excellent service in home insurance involves having knowledgeable support staff and timely responses to claims.
American Family's high MoneyGeek score is due to excellent customer satisfaction and coverage. It offers comprehensive home insurance with equipment breakdown and back-up of sewer or drain. Discounts like smart home and bundle help you save. A smart home discount applies if you have devices like a security system.
American Family's equipment breakdown coverage protects your appliances from mechanical issues. Back-up of sewer or drain is useful if your basement floods. Personal property replacement cost ensures you get new items if yours are damaged. These coverages provide valuable protection for your home.
MoneyGeek found that Capital Insurance Group is the best cheap option in Reno, Nevada. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Nevada, Capital Insurance Group stands out for its high affordability and reasonable rates. Although cheap home insurance can save you money, it often means lower coverage. This might not be enough if something bad happens. In situations where lowering costs is a priority, considering the cheapest homeowner insurance companies may be beneficial.
The best cheap insurance combines low costs with acceptable features, unlike the cheapest insurance, which mainly focuses on price. Capital Insurance Group effectively balances cost and service quality.
Capital Insurance Group scores high on affordability and customer satisfaction. It offers comprehensive home insurance with home rental and cyber event/ID theft coverages. You can save with discounts like bundle, which combines home and auto policies.
Capital Insurance Group provides useful coverages like equipment breakdown, which helps with appliance repairs, and service line, covering power surge damages. Scheduled personal property covers valuable items like jewelry and art. These coverages are valuable for protecting your home and belongings.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 23, 2024
Homeowners insurance in Reno depends on many factors, especially location. Comparing rates is the best way to save, but it takes time — up to 15 minutes per company. You should compare at least three companies, which means over an hour of research. MoneyGeek's home insurance calculator helps you save fast. Enter your age, dwelling coverage, credit score, deductible, liability coverage and other details for a quick rate estimate.
MoneyGeek determined that Capital Insurance Group offers the best home insurance deal in Reno, Nevada. Your choice of dwelling coverage influences the premium. Explore affordable providers for various coverage levels:
Capital Insurance Group is the most budget-friendly homeowner insurance choice in Reno, Nevada. In addition to being the cheapest, it's also top-ranked.
Securing the cheapest homeowners insurance in Nevada can be a smart way to balance your budget.
| Capital Insurance Group | $266 |
| Encompass | $523 |
| Nationwide | $562 |
| State Farm | $576 |
| Farmers | $692 |
| American Family | $731 |
| COUNTRY Financial | $745 |
MoneyGeek found that Capital Insurance Group is the best option for home insurance in Reno, Nevada. High dwelling coverage is essential to protect against expensive home replacements, and home insurance costs generally rise as home values increase.
Capital Insurance Group stands out for its affordable rates for high-value homes in Reno, Nevada. According to MoneyGeek, despite being the cheapest, it has a strong MoneyGeek score, making it a solid choice for homeowners seeking economical coverage.
| Capital Insurance Group | $1,108 |
| State Farm | $2,502 |
| American Family | $2,519 |
| Farmers | $2,868 |
| Nationwide | $2,956 |
| COUNTRY Financial | $3,358 |
| Encompass | $3,663 |
MoneyGeek identifies Capital Insurance Group as the most affordable option for home insurance for new homes in Reno, Nevada.
Capital Insurance Group offers the lowest premiums in Reno, making it the top choice for budget-conscious homeowners. However, the lowest price may not always mean the best service.
In addition to finding an affordable plan, ensure you are adequately covered.
| Capital Insurance Group | $160 |
| Nationwide | $336 |
| State Farm | $345 |
| Encompass | $347 |
| Farmers | $400 |
| COUNTRY Financial | $450 |
| American Family | $497 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums.
The best cheap homeowners insurance in Reno depends on your needs, so consider factors beyond premiums. Important factors include coverage options and customer service. Follow these steps to get the best cheap home insurance.
To determine how much home insurance coverage you need, consider the specifics of your home in Reno, Nevada. Assess rebuilding costs, personal property value and liability requirements.
Research insurance companies serving Reno, Nevada. Look for those with strong financial stability, positive customer reviews and a history of quality service.
Once you know what coverages you need, compare home insurance quotes. For a dwelling coverage of $100K in Reno, Nevada, premiums can vary from as low as $266 to as high as $745 annually.
Inquire with each provider about potential discounts, such as those for bundling policies, installing safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford to pay if needed.
Enhancing your home's security, such as installing alarm systems and sturdy locks, can reduce risks and potentially lower your insurance costs.
Keep a good credit score, as it can impact your insurance rates in Reno, Nevada. Pay bills promptly and reduce outstanding debts.
Consider bundling your homeowners insurance with other policies, such as auto insurance. This can lead to substantial discounts and savings.
The best cheap home insurance provider for you in Reno depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about insurance rates in Reno, Nevada.
On average, home insurance in Reno, Nevada, costs $492 annually.
Capital Insurance Group is the cheapest home insurance company in Reno, Nevada, with an annual premium of $266.
The best home insurance in Nevada for Reno residents is provided by Capital Insurance Group, with a MoneyGeek score of 70 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
