The 5 Best Nevada Homeowners Insurance Companies

Nevada’s annual premiums for homeowners insurance are on the low side — on average $704 per year for an HO-3 policy, compared to the nationwide average of $1,132. That said, how much you’ll pay can vary a lot depending on your home’s size, your assets, and your address. Use our tool to find your best rates:

Average annual premium in Nevada
$0 $2,500
Homeowners in Oregon pay the least
Average annual premium in the US
Homeowners in Florida pay the most

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Find the best homeowners insurance in Nevada

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The landlocked Silver State has far less troubled weather (like storms and snow) than the rest of the nation, and it has the average homeowners insurance premium to prove it: $704 per year, which is the sixth-lowest in the nation. That being said, Nevada isn’t totally immune to the whims of Mother Nature. It gets thousands of earthquakes per year, a handful of which have caused considerable damage. In addition, as the driest state in the nation, Nevada is prone to flash flooding, as water can move very quickly across the soil.

Since homeowners insurance cost in NV is nominal compared to other states, it’s a good idea to get as comprehensive of coverage as you can. And while rates are low, they can vary considerably depending on where you live, the age of your home, and many other factors. Use our quote comparison to get a sense of rates in your area.

How We Found the Best Homeowners Insurance in Nevada

To find the best home insurance in Nevada, we followed a similar process to our review on nationwide providers. First, we devoured as many data points and news articles and expert opinions as we could to determine what makes homeownership in Nevada unique, keeping an eye out for any laws or specific risks, such as its threat for earthquakes and flash floods. We then surveyed the top five homeowners insurance companies in Nevada by total market share: State Farm, USAA, Liberty Mutual, Allstate, and Farmers.

Armed with our research, we analyzed every nook and cranny of each companies’ coverages, policies, and discount offerings, especially to see if they offered optional earthquake coverage. We consulted consumer advocacy sites like JD Power and Associates and Consumer Reports to see how each company stacked up in the claims process, the most crucial moment of having homeowners’ insurance. We assessed each company’s financial standing with the major credit raters to make sure they can actually pay you when you need them to. We also pored over each company’s website, site tools, and educational resources, and we got a price quote to properly evaluate the process.

Nevada Homeowners Insurance Reviews


USAA is only available to families of current or active military members. Which is a shame, because it’s the best option for homeowners insurance in Nevada. If you can get it, we recommend it as our top option.

Customers and independent raters give USAA the highest marks of any company we tested for this review. It has a stellar 92 customer satisfaction score with Consumer Reports readers. For comparison, the second-highest was State Farm with 82, and Allstate notched 77. It’s not easy to win over customers during the claims process, but USAA’S claims experience was considered “above-average” by both JD Power and Consumer Reports readers. Most companies fell in the “average” or worse range for that category.

Rates for USAA were firmly in the middle of the pack for the companies we reviewed — about 25 percent higher than State Farm and Allstate and about 25 percent lower than Liberty Mutual and Farmers. Where many providers have multiple deductibles: one for wind and hail, and another for “multiple perils.” (USAA keeps it simple by offering just one deductible at a reasonable $1,000.) We also liked that USAA offered earthquake insurance for only $130 extra per year, and it was the cheapest of any of the five providers we tested. Compare that to State Farm, which cost $300 extra per year.

USAA doesn’t have a flashy website—in fact, it’s hard to know much about its coverages if you’re not a member—but substance trumps style in this instance.

State Farm

State Farm’s calling card is convenience. Within 5 minutes, we were able to get a quote online and customize it. If that’s not your speed, an agent’s office likely isn’t too far away — State Farm is the largest homeowners insurance provider in Nevada by a wide margin.

Convenience isn’t everything, to be sure, but State Farm’s coverages, customer experience, and prices stack up, too. It offers more key endorsements — that is, optional coverages — than the other five companies we tested. Among them: coverage for sewer backup, coverage for homes that need renovations due to building code upgrades, and earthquake insurance (which was $300 extra per year). Liberty Mutual was the only other insurer to offer the building codes endorsement, and only Allstate and LM explicitly offered sewer backup.

State Farm’s decent customer satisfaction rating also made us comfortable choosing them — Consumer Reports readers gave them an 82 overall, which was second only to USAA in the companies tested here. Credit rating companies like State Farm too: S&P gave them an AA, which was also just behind USAA (AA+) as the highest for this review.


After we finished our online quote with Farmers, they called us seven times in a five-hour span. Heck, we might’ve answered if we were impressed with our quote. But we weren’t. The calls got very annoying, very fast.

Farmers’ coverages were about the same as State Farm and Allstate, but its prices were nearly twice as much. It offered no add-ons or extra protections to merit the sky-high premiums, and the standard deductible was $1,500 — again, more than State Farm, Allstate, and Liberty Mutual (each offered a $1,000 deductible with their standard packages), but for twice the annual price. No thanks.

Customers and independent raters didn’t find much that stands out about Farmers either. Both JD Power and Consumer Reports readers gave Farmers a meh score of 60 in claims experience. Farmers has a stable credit rating (A from A.M. Best), but it was easily outshined by State Farm (A++), USAA (A++), and Allstate (A+).


We recognized Allstate as a great option for first-time homeowners in our review of national home insurance providers. We’ll stand by that assessment for Nevada, too, with a few reservations. Allstate has a great website with useful site tools, such as the Common and Costly Claims feature. Plug in your zip code, and you can get an idea of the typical hazards homeowners face in your area. The young and the web-savvy will appreciate Allstate’s wealth of educational materials on its website, too.

We got an online quote with Allstate, and we were pleased with how easy it was to compare insurance packages and customize them to our liking. Allstate gives you three package options. The first one is dirt-cheap, about 30 percent less than the average rate we saw, but with a higher deductible ($2,000) and lesser coverage. We don’t recommend that option. The two higher-priced options, however, have a cheaper deductible ($1,000), extended replacement cost (in case it costs more to rebuild your home than the value quoted in your policy), and identity theft protection.

The company’s standard policy is about on par in coverage with State Farm. However, we didn’t like that it didn’t include optional earthquake insurance. In addition, we weren’t enthused by Allstate’s poor ratings in claims experience (a score of 60, or average, from both JD Power and Consumer Reports). It got a 77 overall in customer satisfaction from Consumer Reports readers, the lowest of any provider we tested (Farmers was right behind, with 78; Liberty Mutual had an 80). In all, Allstate is a good option, but not the best.

Liberty Mutual

We appreciate that Liberty Mutual’s coverages are clearly stated and easy to edit, but overall, we feel its offerings didn’t justify the higher prices it charges. Even with discounts applied, Liberty Mutual had the second-highest price premium of the five companies we tested – about 50 percent higher than State Farm and Allstate (standard package), but with lesser dwelling coverage than our quoted home value.

In addition, Liberty Mutual didn’t impress us with its credit rating (A2 from Moody’s, A from A.M. Best)—in other words its financial standing is “stable,” but not to the same extent as State Farm and USAA (both received an A++ from A.M. Best, the highest score). For the higher prices, we’d rather hand our money to someone on rock-solid ground.

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Did You Know?

North Las Vegas



Average homeowners’ insurance $577 $882 $469
Median home price $199,900 $279,000 $199,000
Most common claims Theft/burglary, wind, water damage $279,000 Wind, theft/burglary, water damage

There are a few things contribute to higher-than-average premiums in Elko: one is higher home prices. The other is weather: Where sunny Las Vegas gets an average of 0.3 inches of snow per year and steady temperatures, Elko — situated in northeast Nevada at 5,000 feet elevation — gets 28 inches, and has the potential for massive snowstorms. More snow and rain means more potential for water damage and flooding.

You could be on shaky ground without earthquake insurance.

Nevada gets hundreds of earthquakes each year. In 2015, a particularly active year, they got more than 5,000. They’re small tremors — most of which register between magnitudes of 3 and 4 — but they shouldn’t be ignored entirely.

NV is the third-most seismically active state in the country, behind California and Alaska. It averages about one quake of magnitude 7 or more every 27 years, which is the cutoff point where experts say major damage can occur. Magnitude 6 or more, about once every 7 years, can “shake buildings and crack walls.”

Keep in mind that the typical homeowners policy does not include earthquake or flood insurance. However, there are usually still options for coverage, even though they can be expensive. Of the five companies we tested in this review, State Farm, Liberty Mutual, and USAA each offered optional earthquake coverage. Liberty Mutual and USAA don’t offer flood insurance themselves, but do offer to help you get it. It generally will cost you anywhere from $150–$300 more on your premium per year. If damage occurs, you typically pay a high deductible of about 10%–25% of the total quoted replacement value of your home. Expensive, but better than nothing.

So is it worth buying? What can you do?

See if your house is on a fault line. If it is, and you have a higher-value home, it could be worth it. Talk to an independent insurance agent and explore your options. If you’ve determined your risk, consider retrofitting your home to reduce the chances of major damage.

Before getting work done on your home, make sure you contractor is licensed and insured, too.

A man in Las Vegas hired to remove beehives from a homeowner’s attic ended up getting stung by 400 aggressive bees, and later died. He wasn’t wearing any protective gear. The man had been hired to work for the day, and it wasn’t immediately clear if he had training to remove the bees.

Tragic as the story is, it’s not uncommon for workers to get hurt or injured while working on your home. Should an injury happen, a contractor can sue you. Homeowners need to take careful steps to make sure workers are in a safe environment, and that they know what their insurance covers.

Before you have any work done on your home, consult your home insurance agent and review your policy to see what your coverage is in case a contractor gets hurt. On a typical policy, this coverage is listed under “Personal Liability” and “Medical Payments to Others.” In addition, you can save a lot of trouble ahead of time by making sure your contractor is insured, says HouseLogic.

“Insurance companies know if you hire a licensed contractor they are not going to be on the hook and nor will you as the homeowner,” attorney Norman Reed tells NBC-3 News. Consulting a lawyer ahead of the work is a good idea, too, according to FindLaw.

The Bottom Line

USAA offers the best homeowners insurance in Nevada — but only members of the military (and their immediate family) have access to it. If you’re not part of the United States’ armed forces, State Farm is the next-best option. Just remember: Quotes vary greatly depending upon a variety of factors. So the only way to find the best overall and most affordable policy is to compare quotes for yourself. And don’t forget to ask for information about earthquake coverage.

Find the best homeowners insurance in your area.

Get a quote by entering your ZIP code and start saving today.