The Best Cheap Renters Insurance in Las Vegas
State Farm has the best renters insurance in Las Vegas because of its cheap rates and strong customer service.
Find Cheap Renters Insurance Quotes in Your Area
Best Cheap Renters Insurance in Las Vegas, Nevada
ValuePenguin editors looked at the rates, coverage and customer satisfaction reputation for six top companies to find the best renters insurance in Las Vegas. All quotes include $30,000 of personal property coverage, a $500 deductible and $100,000 in liability protection.
See the full methodology.
Cheapest renters insurance in Las Vegas
Lemonade has the cheapest renters insurance quotes in Las Vegas.
The company charges an average of $16 per month for coverage. That's about 30% less than the Las Vegas average of $23 per month.
State Farm also has affordable rates, at $18 per month, on average. That's about a quarter cheaper than the Las Vegas city average. State Farm also has the best reputation for customer satisfaction among major renters insurance companies in Las Vegas.
Compare Cheap Renters Insurance in Las Vegas
Cheap renters insurance quotes in Las Vegas
Company | Monthly cost | ||
|---|---|---|---|
| Lemonade | $16 | |
| State Farm | $18 | |
| Amica | $21 | |
| Progressive | $28 | |
| Assurant | $29 | |
Best cheap renters insurance in Las Vegas: State Farm
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Editor's rating
- Cost: $18/mo
State Farm offers the best combination of cheap rates and good customer service for Las Vegas renters.
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Good service
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Cheap rates
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Many coverage extras
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Few discounts
State Farm has some of the cheapest renters insurance in Las Vegas, at $18 per month, on average. That's roughly a quarter cheaper than the citywide average of $23 per month. Plus, you can save even more with State Farm's generous renters and auto bundling discount.
State Farm also has a strong reputation for service. The company scored well for customer satisfaction according to the most recent J.D. Power study, and State Farm gets fewer complaints than an average company its size.
You can personalize your State Farm renters policy with several add-ons, such as coverage for water damage caused by backed-up pipes, identity theft protection and higher limits for valuable items. You can also buy a separate policy to protect yourself against flooding, but you'll have to go through an agent. State Farm doesn't sell flood insurance for renters online.
Cheapest renters insurance in Las Vegas: Lemonade
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Editor's rating
- Cost: $16/mo
Lemonade has the cheapest renters insurance in Las Vegas, Nevada.
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Cheap quotes
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Fast online quotes
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Many coverage add-ons
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Only a few discounts
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Many complaints
In Las Vegas, an average Lemonade renters policy costs $16 per month. That's roughly 30% cheaper than the city average.
Aside from its cheap rates, Lemonade also stands out for its quick and straightforward online quote and claims filing processes. For many simple claims, the company advertises a speedy turnaround time through its AI-powered claims filing.
The company's low rates and fast claims processing may be responsible for Lemonade's high customer satisfaction ratings, according to a recent J.D. Power study. However, it's also important to keep in mind that Lemonade gets far more complaints than an average company its size.
Lemonade customers may be happy with the company's generally fast and efficient service, but the company's reliance on AI may result in problems and delays for more complex claims.
Lemonade lets you personalize your policy with several different coverage extras.
Lemonade renters insurance add-ons
- Water backup
- Replacement cost coverage
- Valuable items
- Extended liability
- Equipment breakdown
- Mold protection
- Pet protection
Best renters insurance in Las Vegas for discounts and extra coverage: Progressive
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Editor's rating
- Cost: $28/mo
Progressive lets you personalize your coverage with many optional add-ons.
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Many coverage extras available
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Large number of discounts
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Higher-than-average rates
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Low customer satisfaction
Progressive gives you the option to customize your renters insurance with many coverage extras.
Progressive renters insurance coverage extras
- Earthquake coverage
- Identity theft protection
- Valuable items
- Extended liability
- Equipment breakdown
- Mold protection
- Flood insurance
All Progressive renters insurance plans come standard with replacement cost coverage. That means your policy will pay the full cost to repair or replace your belongings after an accident. Most companies require that you pay extra for this coverage.
Otherwise, they'll cover only the cost of your property minus wear and tear, called actual cash value.
Progressive charges an average of $28 per month for renters insurance in Las Vegas. That's about a fifth more expensive than the Las Vegas city average of $23 per month.
You can get a lower monthly rate by using one or more of Progressive's many discounts, such as renters-auto bundling, getting a quote at least three days before you buy and signing up for online document delivery.
Progressive has a poor reputation for service. The company came in last for customer satisfaction in a recent J.D. Power study. Plus, Progressive gets far more complaints than an average company its size.
Consider a company like State Farm if getting the best customer service is a high priority for you.
What renters insurance do I need in Las Vegas?
Las Vegas renters need to protect themselves from common hazards such as theft and storms. Depending on where you live, you may also need protection from flash floods.
Renters insurance covers theft even if it happens outside your home. You can file a claim with your renters insurance company if someone breaks into your house or steals your phone, wallet or purse in a public place.
Las Vegas experiences powerful storms between June and September. A renters insurance policy won't pay for damage to your rented property. But you do have coverage for the items you own. For example, if a powerful gust of wind causes your window to break and rain soaks your couch, you would have coverage through your renters policy.
A regular renters insurance policy won't cover damage caused by flooding.
Despite its desert environment, parts of Las Vegas are prone to flash flooding. If you live in a first-floor unit in a flood-prone area, it's important to buy a separate flood insurance policy for renters.
Frequently asked questions
Who has the best renters insurance in Las Vegas, Nevada?
State Farm has the best combination of good customer service and affordable rates among top renters insurance companies in Las Vegas. Plus, State Farm offers many coverage extras you can use to personalize your policy.
What's the cheapest renters insurance in Las Vegas?
Lemonade has the cheapest renters insurance in Las Vegas, at an average cost of $16 per month. State Farm also has affordable rates, at $18 per month, on average.
How much is an average renters insurance policy in Las Vegas?
Renters insurance in Las Vegas costs $23 per month, on average. That's slightly more expensive than the Nevada state average of $21 per month.
Methodology
ValuePenguin gathered quotes from six of the top insurance companies available in Las Vegas to find the best renters insurance companies. Rates are for a 30-year-old single woman living alone who hasn't filed an insurance claim.
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
ValuePenguin editors used each company's National Association of Insurance Commissioners complaint score and its J.D. Power and ValuePenguin editor's ratings, if available.
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.
