Best Homeowners Insurance in Nevada (2024)

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Updated: December 4, 2024

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Nationwide is the best home insurance company in Nevada. However, the right coverage for you will depend on your needs. Capital Insurance Group is the most economical choice in Nevada, excelling in affordability and value for new homeowners. American Family is the superior option for those needing high dwelling coverage limits.

Unless stated otherwise, we used a $100,000 dwelling coverage limit to collect quotes. The amount of dwelling coverage you need will affect your premium. MoneyGeek also assessed the cheapest home in insurance in Nevada for those prioritizing cost over service quality.

Key Takeaways

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In Nevada, Nationwide emerges as the best overall homeowners insurance provider with a perfect MoneyGeek score of 100 out of 100, offering exceptional value and customer satisfaction for $500K in dwelling coverage at $978 per year. American Family is the runner-up, scoring 92 out of 100, known for its superior service quality and comprehensive coverage options, particularly for homes requiring high dwelling coverage limits. These top providers offer a well-balanced mix of affordability and service excellence to cater to varied homeowner needs.

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In Nevada, Capital Insurance Group offers the cheapest homeowners insurance at an annual rate of $480, ideal for budget-conscious homeowners seeking affordability and value. Nationwide is the runner-up, providing a competitive balance between cost and quality of service.

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For the best customer service in homeowners insurance within Nevada, American Family stands out with a MoneyGeek score of 87 out of 100, offering excellent service quality for $633 per year. The runner-up for exceptional customer service is Nationwide, achieving a MoneyGeek score of 83 out of 100, with an annual cost of $571. Prioritizing service quality ensures high customer satisfaction and effective claims support when you need it most.

Why Trust MoneyGeek? To determine the best homeowners insurance options in Nevada, we compiled quotes and information from the Nevada Division of Insurance and Quadrant Information Services, ensuring that data and industry standards back our recommendations.

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Home insurance rates in Nevada represent the latest quotes as of July 2024.

2,246,400Quotes Analyzed
 
8Companies Compared
 
24ZIP Codes

Overall Best Homeowners Insurance in Nevada

Nationwide is the best homeowners insurance provider in Nevada. These are the top two best overall homeowners insurance providers in the Silver State, offering a perfect blend of quality and value for your peace of mind:

  • Nationwide: MoneyGeek score of 80 out of 100 ($571 per year)
  • American Family: MoneyGeek score of 74 out of 100 ($633 per year)

In Nevada, homeowners have various companies to choose from that feature diverse cost structures and service experiences. Striking the right balance between affordability and excellent service to suit your needs is essential. Making an informed choice ensures you are confident in your home's protection.

Company logo for Nationwide
Best OverallNationwide
MoneyGeek Score:
80/ of 100
Overview

Nationwide ranks first for coverage options in Nevada, showcasing its commitment to extensive protection options for homeowners. Its average annual premium is $571.

Nevada homeowners benefit from Nationwide's earthquake coverage, which secures their property against damage from tremors. Its home renovation discounts encourage updating essential systems, ensuring safety and long-term savings. These specific options provide peace of mind and financial safeguards in the face of unpredictable events and proactive home maintenance.

Best Homeowners Insurance in Nevada for Customer Service

American Family offers the best home insurance in Nevada in terms of superior service quality. These are the top two insurers with excellent customer service:

  • American Family: MoneyGeek score of 87 out of 100 ($633 per year)
  • Nationwide: MoneyGeek score of 83 out of 100 ($571 per year)

Valuing service quality in an insurer means prioritizing customer satisfaction, comprehensive coverage and stability. Homeowners who choose higher-quality service enjoy peace of mind, knowing that their insurer will handle claims effectively and supportively in times of need, such as after a natural disaster.

Company logo for American Family Insurance
Best for ServiceAmerican Family Insurance
MoneyGeek Score:
87/ of 100
Overview

American Family has the top spot for home insurance in Nevada. Its perfect customer satisfaction score highlights its commitment to excellent service. Its average annual premium is $633.

Homeowners can enhance their coverage with options like American Family's equipment breakdown, which safeguards appliances, home systems and even smart home devices. This addition can save on potentially expensive repairs. The company's declining deductible feature rewards responsible ownership by crediting $100 each year towards the deductible. These add-ons can greatly benefit homeowners by providing extra layers of protection and savings.

Best Cheap Homeowners Insurance in Nevada

Capital Insurance Group offers the cheapest homeowners insurance in Nevada for budget-conscious homeowners. Take a look at the best and cheapest homeowners insurance providers in Nevada for those on a budget:

  • Capital Insurance Group: MoneyGeek score of 83 out of 100 ($480 per year)
  • Nationwide: MoneyGeek score of 79 out of 100 ($571 per year)

Although Capital Insurance Group may offer the cheapest premiums, it does not always mean it provides the best service. Considering the average cost of home insurance in Nevada, it's crucial to choose an insurance provider that offers a good balance of affordable premiums and quality service — like one that provides swift and supportive claims assistance after a natural disaster.

Company logo for Capital Insurance Group
Best CheapCapital Insurance Group
MoneyGeek Score:
83/ of 100
Overview

Capital Insurance Group boasts a perfect affordability score for Nevada homeowners seeking budget-friendly home insurance. Its average annual premium is a competitive $480.

Capital Insurance Group eases homeowners' financial burdens with its discounts. One of its discounts allows for savings when bundling multiple policies together, simplifying insurance management and reducing costs. Another option provides a discount for equipping homes with protective devices, such as FloodStop™ systems. This coverage lowers premiums and enhances safety by mitigating potential water damage.

Best Homeowners Insurance in Nevada for Expensive Homes

American Family is the top choice for those with expensive homes in Nevada. These top two providers meet the needs of homes requiring $1 million in dwelling coverage.

  • American Family: MoneyGeek score of 92 out of 100 ($2,704 per year)
  • State Farm: MoneyGeek score of 79 out of 100 ($3,516 per year)

With a near-perfect affordability score, American Family stands out for cost-effectiveness. Expensive homes need comprehensive coverage, so balancing cost and quality is key. American Family offers this balance, ensuring homeowners receive the best protection for their valuable investment.

Company logo for American Family Insurance
Best for Expensive HomesAmerican Family Insurance
MoneyGeek Score:
92/ of 100
Overview

American Family is the premier home insurance provider for Nevada's expensive homes. It has an impressive affordability score and an average annual premium of $2,704.

Homeowners can maximize savings by taking advantage of common discounts from American Family. Its bundle discount reduces premiums when you combine auto and home insurance policies. The company also offers additional protections like equipment breakdown coverage, which helps when home systems or appliances fail. Its back-up of sewer or drain coverage assists in the event of water backup damages.

Best Homeowners Insurance in Nevada for New Homes

Nationwide is the best home insurance provider for new homes in Nevada. These providers offer top-notch homeowners insurance for $500K in dwelling coverage, balancing affordability with excellent service:

  • Nationwide: MoneyGeek score of 100 out of 100 ($978 per year)
  • Encompass: MoneyGeek score of 37 out of 100 ($1,556 per year)

Nationwide stands out with perfect affordability and customer satisfaction scores, ensuring homeowners receive a stellar mix of value and customer care. This winning combination signifies a dependable choice for comprehensive home protection.

Company logo for Nationwide
Best for New HomesNationwide
MoneyGeek Score:
100/ of 100
Overview

Nationwide is the top pick for insurance for new homes in Nevada. It boasts a perfect affordability score and an average annual premium of $978.

Nationwide's guaranteed replacement cost coverage helps you reconstruct your home after a covered loss, even if costs exceed your policy limit. The company also provides discounts for smart home integrations and for those who've recently renovated their homes. Smart home discounts apply to tech-enabled safety improvements, while renovation discounts reward updates to plumbing, electrical or heating systems.

Best Homeowners Insurance in Nevada for Veterans

Nationwide is the premier provider in Nevada for homeowners insurance for veterans and military families. USAA also ranks highly, with a tailored approach to serving those with military ties. Take a look at the best and cheapest homeowners insurance providers in Nevada for veterans and military families:

  • Nationwide: MoneyGeek score of 75 out of 100 ($571 per year)
  • Encompass:: MoneyGeek score of 71 out of 100 ($545 per year)

The optimal homeowners insurance provider for veterans understands their specific requirements, such as mobility due to frequent relocations and the unpredictable nature of military deployments, assuring comprehensive home and property coverage at all times.

Company logo for Nationwide
Best for VeteransNationwide
MoneyGeek Score:
75/ of 100
Overview

Nationwide is the go-to home insurance provider for veterans in Nevada. Its average annual premium is $571.

Nationwide offers guaranteed replacement cost coverage, which helps homeowners rebuild their homes after a total loss without worrying about inflation or policy limits. The company also provides discounts that support veterans in managing their insurance costs. Its home renovation discount rewards the update of vital home systems, and the protective device discount grants savings for installations such as smoke detectors or burglar alarms that enhance home safety.

How to Find the Best Homeowners Insurance in Nevada for You

The best homeowners insurance providers balance outstanding customer service and comprehensive coverage at competitive premiums. Identifying the ideal policy hinges on your coverage needs, home value and personal preferences. These steps will guide you in discovering the homeowners insurance policy that offers the best value for you.

  1. 1

    Assess Your Insurance Needs

    Start by determining how much home insurance coverage you need for your home. Evaluate the value of your property, possessions and the potential risks facing your residence. This assessment lays a solid foundation for your insurance search

  2. 2

    Research Various Providers

    Investigate multiple insurance companies, focusing on their reputation, financial stability and customer service reviews. Jot down a list of potential insurers with strong standings and policies that align with your needs.

  3. 3

    Compare Coverage and Costs

    With a list of possible insurers, scrutinize what each policy covers and at what cost. Look for exclusions, deductibles and limits. You can compare home insurance quotes and policy features to streamline this process.

  4. 4

    Understand the Policy Details

    Dive deeper into the details of the policies you're considering. Note the claims process, the ease of policy management and the fine print concerning policy renewals and premium changes.

  5. 5

    Consult With an Independent Agent

    An independent insurance agent can offer personalized advice and help you navigate options. They can explain complex insurance terms and ensure you choose a homeowner's insurance policy that best fits your unique scenario.

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DOES HOME INSURANCE COVER FLOOD DAMAGE IN NEVADA?

Flood insurance is not required by law for Nevada homeowners. Still, it’s wise to consider getting flood insurance in Nevada to cover unexpected flood damage costs.

FAQ: Homeowners Insurance in Nevada

Finding the right homeowners insurance provider in Nevada is a personal decision shaped by your unique coverage needs. These frequently asked questions can help you navigate the options available and make an informed choice.

Which insurance company is best for home insurance in Nevada?

Who has the most affordable homeowners insurance in Nevada?

About Mark Fitzpatrick

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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.

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