Homeowners Insurance in Nevada

Prices can differ from one extreme to the other for premiums within Nevada from city to city. When we look at the average cost of homeowners insurance in Nevada we see that it stands at around, $1150 a year, or about $107 a month. This price puts homeowners insurance rates in Nevada as one of the best in the country. Even so, rates will vary from one area to another. Several of the reasons on how much is homeowners insurance in Nevada is based on the value of your home. A small $100,000 home in the country will cost much less than a $400,000 home with a swimming pool. This is because insurance is made to replace your home and possessions if you lose them in a disaster. The higher cost of replacement, the higher premiums. The types of coverages you have play a large part in pricing. As mentioned the rates on the $400,000 home will not only cost more because it is worth more but insuring a home with a pool, usually costs more due to higher risks of liability in injury. Another reason for price differences is the area and city you live in. Let’s take a look at the differences in prices around Nevada and how much a few miles difference can make. Most Expensive Premium in the state: $1400 Least Expensive Premium in the state: $900 Most Expensive City for Homeowners Insurance: Las Vegas Least Expensive City for Homeowners Insurance: Carson

Some say that insurance coverage can be like an onion with its many layers. In the previous sections, we mentioned how the different types of coverages can affect your rates. We will look now at what does homeowners insurance cover in Nevada. A base for any policy is that it will cover the replacement cost of your home if you must rebuild and liability insurance to protect you from lawsuits. Beyond that, prices will depend on how much more you tailor benefits to fit your wants and needs. Let’s take a look at those add-on coverages. Higher risk categories such as homes with a trampoline or swimming pool will cost more in premiums, as mentioned. If you have other structures you wish to add to your insurance, such as outbuildings, barns, and workshops, these can raise your rates. The amount of personal property you wish to cover plays a role in the cost of premiums. Most companies will allow you to adjust this amount of coverage. Medical coverage for guests injured on your property can be added but will raise premiums. Loss of use coverage gives you a place to live if your home is made unlivable by a disaster.

Finding the best homeowners insurance companies in Nevada is not only about finding the best prices. Remember the old saying, “you get what you pay for,” when quoting companies offering homeowners insurance in Nevada. One of the best ways to make a decision on homeowners insurance is to look at top-rated homeowners insurance companies in Nevada, who have been reviewed by your peers, other homeowners. We have completed most of the legwork for you as we have gathered the top-rated companies by consumers in Nevada based on price, amount of coverage available for the cost, and customer service. State Farm finished at the top of the list for all of the categories measured. Its ability to make adjustments to fit the needs of the customer was mentioned as the best. Allstate finished second with the availability of senior discounts and a quick claims process standing out. Farmers insurance made the top three with its variety of coverage and with some of the lowest prices USAA finished strong with customer service but fell a little short as it does not offer coverage for everyone. American Family homeowners insurance in Nevada round out the top five with average rates and great customer service.