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What type of insurance do you need?
On average, American homeowners pay $1,211 a year for their home insurance coverage. However, in Nevada, the average annual premium is much lower at just $737 a year. Shopping around and comparing rates helps you be sure that you are getting the coverage you need at a competitive price.
Homeowners insurance is important because hazards like severe weather, property crimes, and even liability lawsuits can result in expensive losses for Nevada homeowners who are not insured.
Your home insurance policy is designed to cover you against many of the hazards you are likely to face as a property owner in Nevada. Whether you have been impacted by a severe storm or a rash of burglaries, a suitable Nevada homeowners insurance policy can safeguard you from large financial losses.
Let’s look at some of the ways your Nevada homeowners insurance can safeguard you:
We can’t be 100% certain, but last year, insurance companies spent more than $314 million on home insurance claims in the state of Nevada alone. That's a lot of unfortunate events happening to homeowners in the Silver State.
Insurance companies will calculate your home insurance cost according to how valuable your property is and how likely it is that something bad will happen to it
The higher the probability that a damaging event will affect your property, the more expensive your home insurance policy will be. We call these potential damaging events "risks” or “exposures.”
Let’s take a look at how risky Nevada is compared to the rest of the US.
The burglary rate in Nevada is higher than the national rate. The crime rates in the ZIP code in which your house is located can play a large role in how high your premiums are.
Some insurance companies offer policy discounts to homeowners who take preventive measures against theft such as by installing secure locks and home security systems. Learn more about this and other potential discounts by talking to an independent agent.
Severe weather events like severe storms and high winds can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need before disaster strikes.
It is important to note that although floods pose a significant risk in this state, flood damage is not covered by homeowners insurance. For that you will need a supplementary flood insurance policy. A local independent insurance agent can help.
The size of your home can affect your home insurance rates since larger homes tend to have more personal property inside them. The estimated cost to rebuild your home plays a large role in how much your home insurance will cost.
In Nevada, the average home value is higher than the national average.
Your home insurance premium costs can see large deviations from the state average depending on where you live and the amount of coverage you need to rebuild your home,
No single insurance company is “best” for everyone. That is why independent agents compare coverage and rates from multiple companies to find you the policy that is best able to meet your coverage and budgetary needs.
Yes! There are currently 142 independent insurance agencies in Nevada who are ready to help.
These agents are free to work with multiple insurance providers to help you find the coverage you want at the most competitive price. Discover how easy it can be to find the best car insurance policy to meet your coverage and budgetary needs by contacting a local independent insurance agent near you.
National average burglary rate 4.69 per 1,000 homes
National average home value $188,900
National average home insurance cost $1,173 year
|City||Avg. home value||Burglaries / 1,000 homes||Avg. home value|
|North Las Vegas||$213,492||5.37||$621|