Cheapest Homeowners Insurance in Nevada (2024 Rates)

In Nevada, homeowners have a variety of home insurance options to choose from. We found that Capital Insurance Group offers the most affordable rates overall, even for new homes or if you have a low credit score. However, if you own a high-value home, American Family provides cheaper premiums. State Farm offers the best rates for bundled insurance packages and Nevada homeowners with a recent claim history.

If you live in Nevada, Capital Insurance Group offers the most affordable rates for $100K in dwelling coverage, with premiums averaging $511 per year. Home insurance rates vary vastly based on dwelling coverage.

Here are your cheapest policy options in Nevada for different coverage amounts:

• Cheapest for $100,000: Capital Insurance Group at $511 per year
• Cheapest for $250,000: Capital Insurance Group at $864 per year
• Cheapest for $500,000: Capital Insurance Group at $1,464 per year

Explore MoneyGeek's table below to find cheap home insurance and see how costs shift by dwelling coverage.

The best strategy to find affordable home insurance in Nevada is to collect rates from several insurers. MoneyGeek’s home insurance calculator provides a quick and easy way to get Nevada quotes without requiring personal information upfront.

For high-value homes in Nevada, American Family offers the cheapest home insurance for $750K dwelling coverage, costing an average of $2,064 per year. Home insurance costs are heavily influenced by dwelling coverage, with high-value homes typically paying more. Your best options for high-value homes are:

• Cheapest for $750,000: American Family at $2,064 per year
• Cheapest for $1,000,000: American Family at $2,560 per year

Homeowners should consider the total cost of rebuilding their homes when determining coverage, as opposed to property value alone. Examine how these costs fluctuate with MoneyGeek's cheap home insurance' table.

In Nevada, the cheapest home insurance option for new homeowners looking for $100K in dwelling coverage is Capital Insurance Group, offering an average annual premium of $307. It's worth pointing out that newer homes often have lower insurance costs in Nevada, mainly because they are less susceptible to perils due to modern construction techniques, healthier building materials and up-to-date fixtures.

Here's how Capital Insurance Group remains the most affordable when comparing dwelling coverage levels:

• Cheapest for $100,000: Capital Insurance Group at $307 per year
• Cheapest for $250,000: Capital Insurance Group at $527 per year
• Cheapest for $500,000: Capital Insurance Group at $883 per year

For a broader understanding of how rates vary for homes with different dwelling coverages in Nevada, refer to our comprehensive table below.

For Nevada's most affordable home insurance, Capital Insurance Group is the best option for homeowners with poor credit seeking $100K in dwelling coverage. Note that your credit score significantly impacts home insurance rates as insurers use it to judge the likelihood of a policyholder neglecting their payments.

• Cheapest for $100,000: Capital Insurance Group at $923 per year
• Cheapest for $250,000: Capital Insurance Group at $1,560 per year
• Cheapest for $500,000: Capital Insurance Group at $2,645 per year

You can see the effects of a poor credit score by looking at the average insurance cost ($1,138 per year) for homeowners with poor credit compared to policyholders with good credit ($608 per year) for $100K in dwelling coverage.

For homeowners in Nevada with one claim in the past five years, the cheapest home insurance for $100K in dwelling coverage comes from State Farm, with premiums averaging $679 per year. A history of claims often results in higher future insurance costs, given the increased likelihood of another claim for your insurer to pay out.

For varying coverage tiers, the cheapest policies for homeowners with a recent claims history include:

• Cheapest for $100,000: State Farm at $679 per year
• Cheapest for $250,000: Farmers at $1,119 per year
• Cheapest for $500,000: American Family at $1,983 per year

When comparing average insurance premiums in Nevada, homeowners with two past claims pay more. For instance, a Nevada homeowner with two claims pays an average of $285 more than someone with no claims — confirming the advantage of maintaining a claim-free record in keeping your insurance expenses down.

The type of construction and roofing material significantly impacts your home insurance costs. If you're in Nevada and have a frame construction-type home with a shake-treated roof, the most affordable insurance provider is Capital Insurance Group, which offers an average annual premium of $555. This particular construction type and roof material, being more susceptible to damage, leads to higher insurance costs.

The cheapest providers for different levels of coverage in Nevada are:

• Cheapest for $100,000: Capital Insurance Group at $555 per year
• Cheapest for $250,000: Farmers at $915 per year
• Cheapest for $500,000: Capital Insurance Group at $1,589 per year

High-quality materials like tile and superior construction translate to lower risk for providers, making for lower insurance costs. For instance, homes with superior construction and tile roofs pay $110 less annually than those with frame-type construction and shake-treated roofs.

Changing your deductible (the sum you pay before your insurance kicks in) could save hundreds yearly. Capital Insurance Group is the most affordable home insurance provider for a $2,000 deductible in Nevada, costing $398 annually. On the other hand, the cheapest for a $500 deductible is Farmers, with annual premiums averaging at $589.

For each deductible level, the most affordable firms in Nevada are:

• $2,000 deductible: Capital Insurance Group at $398 per year
• $1,500 deductible: Capital Insurance Group at $468 per year
• $1,000 deductible: Capital Insurance Group at $511 per year
• $500 deductible: Farmers at $589 per year

The average cost difference across all insurers for a $2,000 deductible versus a $500 deductible is $150 annually.

Find the cheapest home and auto bundle policy in Nevada with State Farm, offering an annual average premium of just $2,068. Enjoy major savings by bundling your home and auto insurance, a cost-effective strategy for forward-thinking buyers.

The cheapest providers of auto and home insurance bundles in Nevada are:

• State Farm at $2,068 per year
• Auto-Owners Insurance Co at $2,095 per year

Bundling not only helps save money but also provides the convenience of managing both policies with one insurer. It's a hassle-free option, allowing efficient policy management and a single point of contact. Discover more about the best Nevada insurance bundle options.

Capital Insurance Group is the most affordable home insurance provider across multiple cities in Nevada, boasting rates as low as $424. The discrepancy in cost from city to city can stem from local regulations, crime and weather patterns. For example:

• In Pahrump, you can receive the most affordable average premium from Capital Insurance Group at $424 yearly.
• Meanwhile, in North Las Vegas, the lowest annual premium offered by Nationwide is $584 annually.

Shopping around for quotes is indispensable because each insurer employs unique calculations for distinct geographic locations, potentially resulting in substantial savings. Below, we explore the cheapest home insurance policies in different cities in Nevada.