The Best Cheap Renters Insurance in Nevada (2024)
Lemonade has the cheapest renters insurance in Nevada, at $14 per month.
Lemonade also has the most affordable renters insurance in Las Vegas, at $16 per month.
Compare Cheap Renters Insurance in Nevada
Best Cheap Nevada Renters Insurance
To find the best renters insurance in Nevada, ValuePenguin editors considered price, coverage availability and customer service reviews. To find the cheapest rates, editors collected 138 quotes from six of the top insurance companies statewide.
Cheapest renters insurance in Nevada
Lemonade offers the cheapest renters insurance quotes in Nevada.
At $14 per month, a policy from Lemonade costs $7 per month less than the state average. The average cost of renters insurance in Nevada is $21 per month.
Compare Cheap Renters Insurance in Nevada
Although Lemonade has the cheapest rates, you shouldn't buy a policy based on price alone.
Dependable service matters, too. State Farm is the best option for most Nevada renters. It only costs $1 per month more than Lemonade, but State Farm has much better customer service reviews.
Cheapest renters insurance companies in Nevada
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $14 | |
| State Farm | $15 | |
| Amica | $20 | |
| Progressive | $25 | |
| Assurant | $29 | |
| Allstate | $29 | |
The average cost of renters insurance in Nevada varies by up to $15 per month depending on the company. That's why it's important to compare quotes from multiple companies when you're shopping for a policy.
Best Nevada renters insurance for most people: State Farm
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Editor's rating
- Average cost for Nevada: $15/mo
- Average cost for Las Vegas: $18/mo
State Farm offers affordable rates and reliable customer service.
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Cheap rates
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Good customer service
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Great for bundling with auto insurance
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Few coverage add-ons and discounts
State Farm is the best choice for most renters in Nevada because it has the best mix of low rates and dependable customer service.
State Farm offers the second-cheapest renters insurance rates in Nevada, at about $15 per month. That's $6 per month less than the typical price statewide, and only $1 per month more than the cheapest option, Lemonade.
It also offers cheap renters insurance in Las Vegas. State Farm costs around $18 per month in Las Vegas, which is $4 less than the citywide average.
With State Farm, you don't have to sacrifice good service for affordable rates. The company earned an above-average score on J.D. Power's customer satisfaction survey. And State Farm gets an average number of customer complaints, according to the NAIC. That means renters are typically happy with their experience at State Farm.
State Farm isn't the cheapest option in Nevada. But renters with a car can get lower rates by bundling their renters and auto insurance with State Farm. It offers a discount of around 4.7% for bundling renters and auto insurance. In addition, State Farm has some of the cheapest car insurance quotes in Nevada.
Best for cheap renters insurance in NV: Lemonade
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Editor's rating
- Average cost for Nevada: $14/mo
- Average cost for Las Vegas: $16/mo
Lemonade has the cheapest rates in Nevada overall, as well as Las Vegas.
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Cheapest rates in NV
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Useful coverage add-ons
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Highly-rated app
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Lots of customer complaints
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Can't bundle with car insurance
Nevada renters can find the cheapest insurance rates from Lemonade, where a policy costs $14 per month. That's $7 cheaper per month than the statewide average.
Lemonade also offers the cheapest renters insurance in Las Vegas, NV. At $16 per month, a policy from Lemonade costs $6 per month less than the Las Vegas average.
However, Lemonade has mixed customer reviews. It earned a high score on J.D. Power's customer satisfaction survey. But, Lemonade gets three and a half times more complaints than an average company its size, according to the NAIC. The majority of complaints are about Lemonade's lengthy claims process. That means it may take longer to replace your damaged stuff if you choose Lemonade.
Nevada renters looking for extra protection can find some useful coverage add-ons at Lemonade. For example, it offers expanded protection for valuable items worth more than $1,500, like jewelry, bicycles or golf clubs.
Best customer service in Nevada: Amica
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Editor's rating
- Average cost for Nevada: $20/mo
- Average cost for Las Vegas: $21/mo
Amica is the best choice for Nevada renters looking for great customer service.
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Excellent customer service
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Lots of discounts
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Rates are average
Renters are generally happy with their experience with Amica. The company only has one-third as many complaints as similar-sized companies, according to the NAIC. It also earned a high score from ValuePenguin's editors based on its customer reviews, coverage options and the overall value it provides customers.
Amica's rates are just average at $20 per month. However, Amica offers more renters insurance discounts than most other companies, including:
- Automatic payment discount
- Bundle discount
- Loyalty discount
- Paperless discount
- Claim-free
Best cheap renters insurance in Las Vegas, Nevada
Lemonade has the cheapest renters insurance in Las Vegas, at $16 per month.
That's $6 per month less than the average cost of renters insurance in Las Vegas, which is $22 per month. However, Las Vegas renters should consider more than just price when shopping for insurance.
State Farm has the best renters insurance in Las Vegas for most people. It has much better customer service than Lemonade, and it only costs $2 more per month.
Company | Monthly cost | ||
|---|---|---|---|
|
| Lemonade | $16 | |
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| State Farm | $18 | |
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| Amica | $21 | |
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| Progressive | $28 | |
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| Assurant | $29 | |
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| Allstate | $38 | |
Nevada renters insurance rates by city
Spanish Springs, a town in the Reno-Sparks metro area, has the cheapest renters insurance rates in Nevada.
The average cost of a policy in Spanish Springs is $17 per month.
Dayton, which is northeast of Carson City, has the most expensive renters insurance in the state, at $27 per month. This could be because Dayton is in a high-risk area for wildfires.
City | Monthly rate | % from average |
|---|---|---|
| Boulder City | $21 | -10% |
| Carson City | $20 | -12% |
| Cold Springs | $19 | -19% |
| Dayton | $27 | 15% |
| Elko | $19 | -18% |
Average renters insurance rates vary by up to $10 per month across the 23 largest cities in Nevada.
The cost of renters insurance changes depending on where you live. You might pay less in a town with a low crime rate, or more in an area with regular hail storms.
How to find the best renters insurance in Nevada
The best renters insurance companies offer great customer service and helpful coverage at an affordable price. To find the best policy for you, decide how much coverage you need, shop around for quotes and consider customer service reviews.
Figure out how much coverage you need. Before you compare quotes, you should make a list of your belongings and how much it would cost to replace them.
Your coverage limits have a big impact on your renters insurance quotes. But it's important to have enough coverage to replace all of your stuff if everything's damaged in a major disaster, like a house fire. Otherwise, you could have a hard time replacing your things.
Compare quotes from multiple companies. The most expensive renters insurance company in Nevada costs twice as much as the cheapest option. So, you could save a lot of money by shopping around for multiple quotes.
In addition, insurance companies all calculate rates differently. Some place more weight on your location, while others are more concerned about your age. For that reason, the cheapest company for you may differ from your friends, family members or neighbors.
Check out customer service reviews. Companies with excellent customer service can make your life a lot easier in an emergency.
For example, helpful customer service representatives can make the claims process faster and less stressful. On the other hand, companies with poor customer service could take longer to replace your stuff. That's why it's important to choose a company with great reviews.
What renters insurance do I need in Nevada?
Nevada has fewer natural disasters than many other states. However, the northern part of the state is prone to wildfires.
Does Nevada renters insurance cover wildfires?
Renters insurance typically covers fire damage, which includes wildfires. But, if you live in an area with a very high risk for wildfires, your insurance company may exclude wildfire damage from your policy.
That means you'll need to buy a separate fire insurance policy to protect against wildfire damage.
Frequently asked questions
Who has the cheapest renters insurance in Las Vegas, NV?
Lemonade has the cheapest renters insurance quotes in Las Vegas. At $16 per month, a policy costs $6 less than the citywide average. Renters can also find affordable rates from State Farm, where a policy costs $18 per month, on average.
How much is renters insurance in Reno, NV?
Reno renters insurance costs an average of $18 per month. That's $4 per month less than the Nevada state average.
Can a landlord require renters insurance in Nevada?
Yes, a landlord may require you to buy renters insurance as a part of your rental agreement. This is because it helps limit their liability for any accidents.
How much does renters insurance cost in Nevada?
The average cost of renters insurance in Nevada is $252 per year, or $21 per month. However, the cheapest company in the state, Lemonade, sells policies for an average of $14 per month.
Methodology
To find the best renters insurance in Nevada, ValuePenguin compared rates from six top insurance companies in 23 of the largest cities across the state. Rates are for an unmarried 30-year-old woman living alone with no recent renters insurance claims.
Quotes are for the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
Customer service ratings are based on our own ValuePenguin editor's rating, the National Association of Insurance Commissioners (NAIC) Complaint Index and J.D. Power's annual customer satisfaction survey.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.