The 3 Best Nevada Homeowners Insurance Companies

Advertiser Disclosure

Tourists in Nevada can enjoy the state’s legal gambling and luxury resorts, but residents of the Silver State can also appreciate paying lower-than-average homeowners insurance premiums. The average annual premium rate in Nevada is $723, a whopping $525 below the national average, according to Insurance.com.

Although Nevada’s arid climate puts the state at a lower risk for some natural disasters, it is nonetheless important to invest in a homeowners insurance policy that covers other potential hazards. Your home is your most valuable asset, and the provider you insure it with can make all the difference if disaster strikes.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Our Top Picks for Best Homeowners Insurance in Nevada

State Farm

State Farm owns the largest share of the Nevada homeowners insurance market and offers broad policy options and an exceptional claims service network. With State Farm, just about any type of dwelling — including single-family homes, condos, manufactured homes, and farms and ranches — is covered from damage caused by the elements or theft. Add-on coverage options from State Farm include personal insurance, home business insurance, and identity restoration services.

Should you experience a loss and need to file a claim, State Farm has one of the most extensive claims networks in the world. The Premier Service Program connects you with local contractors to take care of any immediate repairs necessary to restore your home. Its online resource center and Pocket Agent mobile app equip you with tools that ease the claims-reporting process. The State Farm HomeIndex Inventory tool, for example, allows you to keep an up-to-date catalog of your covered belongings so you can act quickly and efficiently after a loss.

If your home doesn’t fit the standard description, the company also offers manufactured home or farm/ranch policies that can better cover the specific dwelling where you live.

Fire Insurance Exchange

Fire Insurance Exchange is one of the insurers comprising Farmers Insurance Group and is the second-largest shareholder of the Nevada homeowners insurance market. Fire Insurance Exchange is a great option for affordable coverage. In addition to its already cheap standard policies, the company offers a host of premium discounts to help you save further. Standard deductions include those for multi-policy bundling, insuring a new or recently renovated home, and installing safety devices like fire alarms.

This insurance exchange works much like a credit union. You are not a customer, you are a part owner when you subscribe to this exchange.

You can also receive discounts if you’re a non-smoker, if you’ve replaced your roof in the past six years, if you’ve had a recent home inspection or if you’ve made any green renovations to increase your energy efficiency. Taking advantage of these discounts can save you up to a third off your total premium price.

Besides being affordable, Fire Insurance Exchange offers reliable service and superior claims management tools. The company is backed by an A rating for financial strength from A.M. Best and uses Farmers’ quality online and mobile resources. Customers insuring through the Fire Insurance Exchange file claims through the Farmers portal, and can do so either in person with a local agent, over the phone, online, or by using the Farmers iClaim app.

Allstate

Allstate is one of the best options for homeowners insurance in Nevada because of its customizable coverage options, multiple discounts, and state-of-the-art online resource center.

Allstate extends coverage for every type of standard dwelling, and even offers policies for older homes, a relatively rare feature among its competitors. A baseline policy from Allstate can be adjusted to fit your specific needs, with coverage options available to protect things like jewelry, sports equipment, musical instruments and electronic data. You can pick and choose what you need without paying for what you don’t.

To help you save on your policy, Allstate offers discounts for bundling policies, installing protective devices, insuring a new or recently renovated home and opting for autopay. Additional savings options are also available to retirees and new Allstate customers.

The Allstate online resource center offers tons of videos, articles and useful checklists to answer any question you may have about being a homeowner. Its exclusive tools assist in helping you better manage your policy. The Premium Gauge tool, for example, allows you to see how different variables affect your annual premium price. The Allstate digital locker helps you keep a synced wireless catalog of your covered possessions along with their worth and condition so you can react quickly and efficiently if you experience a loss.

Allstate offers a shrinking deductible for claim-free homes. New customers get $100 off their first year’s deductible and an additional $100 for every year without a claim until a $500 discount is reached. This discount remains as long as the home is claim-free.

How much is homeowners insurance in Nevada?

Homeowners insurance in Nevada is significantly less expensive than the nationwide average. The average premium of $723 is a significant 42 percent less than the nationwide average.

Individual premiums will differ based on a range of factors. The cost of living and property prices in your city, the type of policy and the add-ons you choose, your claim history and local crime or catastrophe risk factors listed below will all play a role in your final rate. You can lower the premium you pay if you choose a higher deductible.

Nevada Rate Factors

Catastrophes that cause major property damage are not common in Nevada. Though there are some areas prone to forest fires, there is limited tree cover in the state. Flash flooding is also localized and limited. This is part of why the rates are comparatively low on a nationwide scale.

The 3 Best Nevada Homeowners Insurance Companies

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

For more information on homeowners insurance, check out our complete guide to home insurance. We’ve also outlined our overall top picks for homeowners insurance, with detailed steps on how to best select the provider that’s right for you.