Best Homeowners Insurance in Nevada 2022

If your home suffers damage from a natural disaster or accident, homeowners insurance can help you pay for covered losses. Based on our analysis, these are the best homeowners insurance companies in the state of Nevada.

Lemonade: Lemonade holds the No. 1 spot for homeowners insurance companies in Nevada. Beyond Lemonade’s standard home insurance policy, add-on options include water backup, appliance coverage, service line coverage, and extended replacement cost. If you’d like to bump up the coverage limits on high-value belongings, such as your artwork and jewelry, you can add scheduled property.

The everything-online insurer is a certified B-Corp and gives back to causes its policyholders care about.

USAA: USAA’s homeowners’ insurance holds the No. 2 spot for homeowners insurance companies in our Nevada rating. Notably, USAA includes coverage for identity theft in its standard policy. Replacement cost coverage is also available through its standard policy. In other words, USAA will repair or replace damage to your property without factoring in depreciation.

Amica: A standout offering by the Rhode Island-based insurance company is that it offers a separate home insurance policy that offers dividends. Should you receive a yearly return, it could be up to 20% of your annual premium. Plus, if you’re part of the expanding legion of workers in the U.S. who work remotely or run a home-based business, Amica’s home business insurance plan might be of interest.

Allstate: Those living in Nevada can save on their insurance by tapping into discounts offered by Allstate, such as a new home discount or bundling multiple insurance policies. If you have a policy through Allstate, optional insurance is available that might be hard to find elsewhere, such as coverage for electronic data recovery, yards and gardens, and green improvement reimbursement.

State Farm: Premiums for a standard homeowners insurance policy from State Farm in Nevada are the highest among the companies in our rating for the Best Homeowners Insurance Companies in Nevada. State Farm offers several discounts for things like installing protective devices or being claims-free for a period of time.

State Farm features Ting Service, a free fire and safety technology and service, for policyholders in Nevada for free for three years.

Nationwide: A standout feature is that its standard homeowners insurance company includes credit card coverage, which can apply to fraudulent debit and credit card transactions. And with Nationwide’s Better Roof Replacement policy, should your roof need to be rebuilt, it can be built with sturdier and safer materials.

American Family: To help you customize its standard policy American Family has coverage options for water back-up, hidden water damage, credit theft monitoring, and more. American Family’s average annual premium for its standard home insurance policy is on the lower end among the companies we reviewed in Nevada. To help you save on costs, American Family offers a diminishing deductible. Every year you stay claims-free, American Family will bump down your deductible by $100.

Liberty Mutual: Beyond its standard homeowners insurance policy, Liberty Mutual’s policyholders can decide to purchase inflation protection and water backup and overflow coverage as add-ons. Besides discounts commonly offered by other insurance companies, Liberty Mutual customers living in Nevada can save on their premiums by installing a new roof, purchasing a policy online, and signing up for paperless statements.

Chubb: Chubb’s standard home insurance policy, called Masterpiece Homeowners Coverage, offers less-common features such as extended replacement costs, which will pay to repair your home after a covered peril to current building standards even if that goes beyond your coverage limits. It also has features like free risk consulting and lock replacement. If the data on your computer becomes destroyed by a virus, Chubb’s electronic data restoration is included in the standard policy.

Progressive: In addition to the homeowners policies it issues, Progressive also sells homeowners insurance policies issued by other insurance companies. In turn, you can receive a wide range of types of coverage and quotes. Besides the standard coverage for homeowners insurance there are options available for water back-up coverage and personal injury liability.

Farmers: Among companies in our rating of the Best Homeowners Insurance Companies in Nevada. Farmers offers the lowest annual average premiums. Each of the three main tiers of Farmers’ standard policy, called Smart Home Plan, can be customized to your preferences. There are also options for replacement cost coverage which reimburses you for the cost of repairing replacing items after a covered peril, as opposed to paying for the depreciated value.

The cost of homeowners insurance in Nevada depends on a handful of factors such as what’s included in the standard policy, the type of coverage you choose, any add-ons, and the coverage limits. The size of the house, location, and type of roof can also impact the cost. Your credit history and financial factors can also affect the price of your premium. Discounts offered by the insurer can also help you save on your premium. Lastly, your deductible can also impact the cost of your premium. The higher the deductible, the lower your premium, and vice versa.

Our tables below show the cost of premiums for policies with varying levels of dwelling coverage and either $100,000 or $300,000 in liability coverage.

There are a handful of ways to save money on homeowners insurance in Nevada. You can start by looking at what types of coverage are required or you feel is necessary, and make adjustments to your coverage limits. The higher the coverage limit, the higher the cost of your premium. Discounts can also lower your premium. Common discounts include bundling different insurance policies, installing deadbolts and home security systems, or living in a new home. Insurers might have discounts that aren’t as common or a group discount for which you might be eligible by affiliation.

The right home insurance company for you depends on your needs, preferences, and budget. Start by doing your research on what is included in a company’s standard homeowners insurance, the coverage limits, and what add-ons are offered.

Before making a decision, it’s a good idea to compare rates from at least several insurance companies. To learn more, read our guide on How to Buy Homeowners Insurance.

A standard homeowners insurance in Nevada covers property damage to your dwelling and attached and unattached structures, such as a garage, shed, or gazebo. Contents coverage is also usually included in homeowners insurance, which can cover your personal belongings. The standard homeowners insurance policy typically includes medical payments and liability coverage, which include other people’s property or bodily injury. Should your home be temporarily uninhabitable, a standard homeowners insurance policy in Nevada can also cover temporary living expenses.

The exact coverage and coverage limits will depend on the specific policy. Typically, damage from floods, earthquakes, and acts of war are not included in a standard home insurance policy in Nevada.

While Nevada is known to have a dry climate, flooding can occur in the form of flash floods, new land development, and heavy rains. Mudslides and flooding can also occur in areas where fires destroy vegetation. Flood insurance is available in the state of Nevada as a separate policy from private insurers and from FEMA’s National Flood Insurance Program. You can check to see if your home is in a high-risk flood zone through FEMA’s flood maps.

If you purchase flood insurance through FEMA, the standard policy coverage limit for structural damage is capped at $250,000. For an additional cost, you can purchase content coverage with a limit up to $100,000.

Nevada is the third top state in the U.S. for major earthquakes, after California and Alaska. And while several insurance companies in Nevada may offer earthquake insurance as a special endorsement, others offer them as a separate standalone policy.

Earthquake insurance usually covers damage to the structure or one’s belongings due to shaking or trembling of the earth caused by tectonic movements or volcanic activity. A policy might also include coverage for damage caused by events due to an earthquake, such as a landslide, mudflow, or settlement of the earth.

Yes* denotes that the coverage is available for purchase through the insurer, but the insurance may ultimately be from an external program, such as the NFIP (flood), CEA (California Earthquake Authority), or another partner (ie. Palomar for Lemonade Earthquake).

No* denotes that, while a company does not participate in the NFIP, customers can enroll and report claims to agents and/or directly to the NFIP.

The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.

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At U.S. News & World Report, we rank the Best Hospitals, Best Colleges, and Best Cars to guide readers through some of life’s most complicated decisions. Our 360 Reviews team draws on this same unbiased approach to rate the products that you use every day. To build our ratings, we researched more than 24 homeowners insurance companies and agencies and analyzed 15 third-party review sources. Our 360 Reviews team does not take samples, gifts, or loans of products or services we review. All sample products provided for review are donated after review. In addition, we maintain a separate business team that has no influence over our methodology or recommendations.

For this study, U.S. News worked with Quadrant Information Services to analyze a report of publicly available insurance rates using all the available ZIP codes in Nevada for the insurance companies in our rating of the Best Homeowners Insurance Companies of 2022 that operate in that state. The insurance rates in our study are based on sample rates for a 47-year-old, married applicant household with a 728 FICO credit score. The rates were obtained for a HO3 policy covering a wood frame house with 10% Other Structures Coverage, 20% Loss of Use Coverage, 50% Personal Property Coverage, and a guest medical limit of $5,000.

Our goal is to empower consumers with the information and tools they need to make informed decisions. More information about our 360 Reviews methodology for evaluating homeowners insurance companies is here.