Renters insurance in Nevada: Cost, best companies and how to save

What is the average cost of renters insurance in Nevada?

The average renters insurance cost in Nevada is $233 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$233
Average monthly premium	$19

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Best renters insurance company in Nevada: American Family

American Family ranks as the best renters insurance company in Nevada, earning a top score among the carriers we surveyed. Its average rate is $226 per year.

Farmers and CSAA Insurance (AAA) are also among the top insurance companies for renters insurance in Nevada.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Nevada, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Nevada.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
American Family	$226	A	0.37	5
Farmers	$211	A	0.54	4.91
CSAA Insurance (AAA)	$140	A	1.23	4.84
State Farm	$236	A++	0.95	4.29
Country Financial	$272	A+	0.26	4.19
Nationwide	$293	A+	0.87	3.75
Universal Insurance Co	$235	A-	3.45	3.02

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Cheapest renters insurance in Nevada

Our analysis shows that CSAA Insurance (AAA) is the cheapest renters insurance company in Nevada, with an average annual premium of $140.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Nevada along with their average annual premiums.

Company name	Average annual premium
CSAA Insurance (AAA)	$140
Farmers	$211
American Family	$226
Universal Insurance Co	$235
State Farm	$236
Country Financial	$272
Nationwide	$293
USAA	$134

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Nevada renters insurance: The least and most expensive ZIP codes

Your location in Nevada directly impacts the cost of renters insurance. The most expensive ZIP code in Nevada is 89109, with an average annual premium of $261. This amount is $28 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 89801, offering coverage at $211 a year.

The table below shows the most and least expensive ZIP codes in Nevada for renters insurance.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
89109	$261
89030	$260
89106	$258
89121	$257
89081	$255
89169	$254
89145	$253
89085	$252
89146	$249
89033	$248

ZIP code	Average annual rate
89801	$211
89706	$213
89428	$214
89423	$214
89506	$215
89503	$216
89519	$218
89433	$219
89502	$220
89408	$221

Renters insurance cost in Nevada by city

In Nevada, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Boulder City	$244
Elko	$213
Fernley	$223
Henderson	$246
Las Vegas	$251
Mesquite	$239
North Las Vegas	$254
Reno	$220
Sparks	$223

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How to save on renters insurance in Nevada

There are several easy ways to lower the cost of renters insurance in Nevada without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Nevada renters insurance

Do I need renters insurance in Nevada?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Nevada?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.