Updated: November 22, 2024
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In Reno, Nevada, Protective is the best life insurance provider for both men and women. With a MoneyGeek score of 92 and average monthly premiums of $24 for women and $28 for men, it offers competitive rates and high customer satisfaction.
Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Reno, Nevada.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceReno, NVBest Life Insurance Companies in Reno
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
In Reno, Protective is the best life insurance provider for men and women. It has a MoneyGeek score of 92 and average monthly premiums of $28 for men and $24 for women.
Top providers for men:
Top providers for women:
Protective offers a balance of affordability, customer satisfaction and financial stability.
Protective is the premier choice for both men and women in Reno. With a MoneyGeek score of 92, it provides coverage at affordable monthly premiums of approximately $24 for women and $28 for men.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For those seeking the best term life insurance in Reno, Protective is the best choice. It received a MoneyGeek score of 92 and offers average monthly premiums of $14 for men and $13 for women. Protective is an excellent option for individuals who prioritize value and security in their term life insurance.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance is a policy that covers a specified term and offers a death benefit if the insured passes away during the term. It's often chosen for its simplicity and lower cost than permanent life insurance. For example, a parent might opt for term life insurance to fund their child's education should anything happen to them.
Protective is the premier choice for term life insurance for men and women in Reno, boasting a MoneyGeek score of 92. Men can secure coverage at an approximate monthly cost of $14, while it's $13 for women.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the provider of the best whole life insurance in Reno, boasting a MoneyGeek score of 92. This score indicates affordability, customer satisfaction and financial stability.
Top whole life companies in Nevada:
Whole life insurance offers lifelong coverage and includes an investment component that can grow over time. Someone might choose whole life insurance to ensure their family's financial stability while also building cash value that they can borrow against in the future.
Protective is the top choice for whole life insurance in Reno, with a MoneyGeek score of 92. It offers exceptional service for both men and women to meet their insurance needs with reliability and value.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective is the leading provider of the best universal life insurance in Reno, with a MoneyGeek score of 91. Protective offers the financial stability and customer satisfaction that individuals seek in reliable coverage.
Best universal life insurance companies:
Universal life insurance offers flexible premiums, a death benefit and the potential to build cash value over time. For instance, someone who wants to adjust their premiums and coverage as their financial situation changes might opt for universal life insurance over more rigid policies, providing security and flexibility.
Protective is the premier provider of universal life insurance in Reno, earning a MoneyGeek score of 91. Protective ensures that clients receive high-quality service and value.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
The best no-medical-exam life insurance in Reno is Protective, with a MoneyGeek score of 91. This score reflects a balance of affordability, customer satisfaction and financial stability.
Best life insurance companies that do not require a medical exam:
Life insurance without a required medical exam allows individuals to obtain coverage quickly. This can be particularly beneficial for those who need immediate coverage or have health issues that could complicate a traditional application process. For instance, someone with a chronic condition might opt for no-medical-exam insurance to avoid being denied or facing higher premiums.
Protective is the top provider of life insurance with no mandatory medical exam in Reno. It caters to men and women and has a stellar MoneyGeek score of 91.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For Reno residents seeking the best term life insurance in seniors, Protective stands out for both men and women, with MoneyGeek scores of 92 and 91, respectively. Men can expect a monthly premium of about $60, while women's premiums are $56.
Age is a factor in life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Protective's MoneyGeek score reflects its commitment to affordability, customer satisfaction, financial stability and product diversity. This comprehensive approach ensures that seniors receive well-rounded insurance tailored to their needs.
| 1 | Protective | $60 | 92 |
| 2 | Mutual of Omaha | $68 | 91 |
| 3 | Nationwide | $62 | 90 |
| 4 | Allstate | $62 | 88 |
| 5 | AAA | $80 | 88 |
| 6 | Prudential | $59 | 88 |
| 7 | Transamerica | $75 | 87 |
| 8 | State Farm | $118 | 84 |
| 9 | Haven | $120 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha offers the best term life insurance for smokers in Reno. Its MoneyGeek score is 90 for men and 89 for women. The monthly premium for both is about $68.
Smoking significantly affects life insurance premiums due to the health risks it poses, often leading to higher rates for smokers than nonsmokers. Mutual of Omaha provides valuable coverage at competitive prices. This information is crucial for smokers who need a reliable policy that can accommodate their circumstances without compromising quality or cost.
| 1 | Mutual of Omaha | $68 | 90 |
| 2 | Nationwide | $73 | 89 |
| 3 | Protective | $93 | 88 |
| 4 | Prudential | $53 | 88 |
| 5 | Transamerica | $66 | 87 |
| 6 | State Farm | $87 | 86 |
| 7 | AAA | $119 | 85 |
| 8 | Allstate | $103 | 84 |
| 9 | Haven | $113 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
For the best term life insurance for young adults in Reno, Protective stands out for both men and women. It earned a MoneyGeek score of 92 and offers average monthly premiums of $9 for men and $8 for women.
Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower rates. Choosing a reliable term life insurance is essential for securing financial protection at a reasonable cost.
| 1 | Protective | $9 | 92 |
| 2 | Mutual of Omaha | $10 | 91 |
| 3 | Nationwide | $11 | 89 |
| 4 | AAA | $12 | 88 |
| 5 | Allstate | $10 | 88 |
| 6 | Transamerica | $11 | 87 |
| 7 | Prudential | $12 | 86 |
| 8 | Haven | $13 | 85 |
| 9 | State Farm | $20 | 84 |
| 10 | Bestow | $18 | 84 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
Protective is the best cheap term life insurance in Reno, with a MoneyGeek score of 92 and average monthly premiums of $14 for men and $13 for women.
Factors such as age, health, coverage amount and term length affect life insurance costs. To get the lowest premiums, maintain good health, choose a shorter term and opt for a lower coverage amount.
| 1 | Protective | $14 | 92 |
| 2 | Nationwide | $17 | 91 |
| 3 | Mutual of Omaha | $16 | 90 |
| 4 | Allstate | $16 | 89 |
| 5 | Transamerica | $18 | 88 |
| 6 | AAA | $19 | 88 |
| 7 | Prudential | $18 | 88 |
| 8 | Haven | $23 | 84 |
| 9 | State Farm | $31 | 82 |
The average cost of term life insurance in Reno is $23 per month for women and $28 per month for men.
Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage you choose. Insurers assess these factors to determine the risk for them by insuring you.
The cost of life insurance in Reno might differ from the rest of Nevada due to local health statistics, economic conditions, specific regional risk factors and other reasons. For example, premiums might be higher if a region has higher health care costs or a higher case of certain health conditions. Conversely, areas with lower living costs or better overall health statistics might see lower premiums.
Always consider your circumstances and the specific conditions of your area when evaluating your options.
Protective has the best life insurance in Reno for men, with a MoneyGeek score of 92.
The average monthly premium for the best life insurance for men in Reno is $28. Protective offers this rate for men in excellent health in the 31-40 age group.
Protective has the best life insurance in Reno for women. It scores 92 on the MoneyGeek scale.
The average monthly premium for the best life insurance for women in Reno is $24. Protective provides this rate for women in excellent health in the 31-40 age group.
Life insurance in Reno may have different premium rates and company rankings compared to the rest of Nevada. For example, Protective offers Reno the best rates and scores, but this may not be the case in other cities. Consumers should compare options locally.
State guaranty associations typically protect policyholders if a life insurance company goes bankrupt in Reno. These associations cover claims up to a certain limit, ensuring policyholders are not left without coverage.
Reno residents might need life insurance to provide financial security for their families, cover debts or pay for final expenses. Life insurance can help ensure loved ones are financially protected in the event of the policyholder's death.
To find a lost life insurance policy in Reno, residents can check personal records, contact the insurance company directly or use online search tools. The Nevada Division of Insurance may also assist in locating lost policies.
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.
