Insurance
Nevada Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: November 21, 2024
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MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
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Rates updated:
Nov 21, 2024
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MONEYGEEK EXPERT TIP
If you're searching for cheap Nevada homeowners insurance, MoneyGeek evaluated prices from a variety of insurance providers and found Travelers has the lowest cost overall.
For a combination of a fair price and good service quality, MoneyGeek has also researched Nevada's best homeowners insurance companies. We studied numerous companies' costs and customer satisfaction to make it easy for you to select the one that best suits your needs and requirements.
How to Estimate the Cost of Your Homeowners Insurance Policy in Nevada
The cost of homeowners insurance in Nevada is affected by a variety of factors, including property location, the deductible amount and your creditworthiness. If you enter your specific information into the MoneyGeek Nevada homeowners insurance calculator, you will get a personalized estimate of how much your insurance policy may cost.
Nevada
The cost of your homeowners insurance policy in Nevada will vary greatly depending on the specific region in which you live.
If you live in an area with a higher incidence of crime, natural catastrophes or fires, your premium will most likely be higher than the premium of someone who resides in an area with fewer risks.
Dwelling Coverage
Your homeowners insurance policy’s dwelling coverage pays for repairing or rebuilding your damaged home. The cost of your insurance policy varies depending on the amount of dwelling coverage you get.
The average amount of dwelling coverage in Nevada is $250,000.
Deductible
When you make a claim with your insurance carrier, you will need to pay the deductible before the insurer pays for damages.
For example, if your insurance deductible is $500 and your claim is $10,000, the insurer pays $9,500 because you pay the $500 deductible.
If you choose a high deductible, you can save on your premium.
Liability
Liability insurance covers the costs associated with injuries to third parties that occur on your premises and their property due to your negligence.
Legal fees, replacement costs, medical expenditures, pain and suffering charges and death benefits are included in the covered list of expenses.
MoneyGeek suggests purchasing sufficient liability insurance to safeguard your assets. The cost is extremely modest for coverage worth hundreds of thousands of dollars.
Personal Property
Personal property coverage protects things like your clothing, gadgets and household furnishings. It is necessary to get enough protection for your personal belongings. Use the calculator below to discover how much personal property coverage you need.
Credit Score
Insurance companies consider your credit score when determining how much homeowners insurance is in Nevada. Insurers regard homeowners with lower credit ratings as a greater risk since they may be more likely to file a claim. Your insurance can be more expensive if you have poor credit.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Nevada
When compared to the national average of $2,417 annually for a homeowners insurance premium, Nevada's premium for dwelling coverage of $250,000 is only $1,121 yearly, making it one of the least expensive states for this coverage amount.
Refer to the table below to see the homeowners insurance coverage in Nevada. It shows the average price per level of coverage in the state.
Average Annual Premium in Nevada for Homeowners Insurance
| $100,000 | $760 |
| $250,000 | $1,121 |
| $500,000 | $2,271 |
| $750,000 | $3,164 |
| $1,000,000 | $4,109 |
| $2,000,000 | $7,990 |
| $3,000,000 | $12,021 |
MONEYGEEK EXPERT TIP
Your homeowners insurance policy should provide appropriate coverage for the expense of rebuilding your home. When acquiring homeowners insurance in Nevada, it is essential to consider your dwelling coverage amount to guarantee adequate protection.
The total amount it will take to rebuild your home could be determined by several factors, like height, floor space and building materials. An appraiser can aid in the estimation of reconstruction costs, or your insurance agent may help.
Note that the expense of entirely reconstructing your home should be your primary consideration when acquiring homeowners insurance because a catastrophic loss can occur.
Average Cost of Home Insurance in Nevada Cities
Depending on location, the cost of homeowners insurance in Nevada may vary dramatically. Examine the MoneyGeek table below that depicts home insurance rates for cities in Nevada to see how much a premium may vary by location.
Average Annual Premium in Nevada Cities for Homeowners Insurance
| Henderson | $731 | $994 |
| Las Vegas | $818 | $1,164 |
| North Las Vegas | $789 | $1,353 |
| Pahrump | $761 | $1,317 |
| Reno | $684 | $1,171 |
MONEYGEEK EXPERT TIP
According to MoneyGeek's evaluation, Allstate provides the best overall homeowners insurance nationwide. It offers good coverage at a competitive price while maintaining a high level of customer service. MoneyGeek provides a comprehensive evaluation of the top insurance carriers to match various homeowner needs.
Frequently Asked Questions About Home Insurance in Nevada
Your personal profile, the location of your home and the insurance company you choose can all have an impact on the cost of a homeowners insurance policy in Nevada. MoneyGeek has compiled a list of frequently asked questions about homeowners insurance to assist you.
How much does homeowners insurance cost in Nevada?
Nevada is one of the cheapest states for homeowners insurance, with an average yearly cost of $1,121 for $250,000 in dwelling coverage. It costs around 53% less than the national average of $2,417.
How do I know how much dwelling coverage to get?
In Nevada, the average amount of home insurance coverage is $250,000. To calculate how much dwelling coverage to purchase, you must first determine how much it would cost to rebuild your home. The current expenses for labor, materials and construction must be determined. Note that an appraiser or real estate agent should be able to assist you.
Insurance
Methodology
To determine the average cost of homeowners insurance in Nevada, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from a fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
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.