Who Has the Cheapest Renters Insurance Quotes in Nevada?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Whether you’re looking to get away from it all or whether you want to head straight towards the light, Nevada has something for you. And while there are many tourists coming in and out, there is a large population that works and lives there, many of them in apartments. And while most of these people don’t have to worry about storms, fire and crime affect Nevada residents, and people like you could be helped greatly by the safety net that is renters insurance.

Here are the five cheapest renters insurance providers operating in Nevada:

The Five Cheapest Quotes:

There are many aspects to Nevada, whether it’s the desert or the city, and that means that there are also many ways a company might look at a potential quote for you. This means your quote and experience may differ a bit from what you read below. We are certain, however, that we attempted to capture the average experience to the best of our ability.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $216

Like in most of the country, State Farm is the cheapest renters insurance provider in Nevada, and is there to serve the role of a basic option for people who don’t want to do anything too special with their renters insurance policy. Whether you have to fulfill a requirement or simply want to have it be over with quickly, State Farm has your interests in mind.

If you have business equipment, their lackluster business property coverage should make you concerned. Additionally, the low price might have the consequence of poor customer service when compared with more premium policy providers.

You can expect the following working with State Farm:

  • Fantastic loss-of-use coverage to keep you off the hot Nevada streets should the worst happen to your place.
  • A relatively strong average level of coverage, especially given State Farm’s low average price.
  • A somewhat customizable onboarding and policy planning process.

2) Farmers: $292 

Farmers might be somewhat more expensive than State Farm, but they are also a company that will be able to provide you with better service than nearly any other listed here. You might also be impressed by their coverage, as they’re certainly able to match most of the competition. If you’re interested in what they have to offer, they also have optional identity theft, pet injury, and liability coverages.

Great as they might be, you will want to be careful about a few of their default coverages for item categories, and some people note that Farmers can lay on the paperwork and bureaucracy a bit thick.

You can expect the following working with Farmers:

  • Umbrella coverage if you want it so that you have to worry even less about liability in the event of an accident.
  • Some ability to change your coverages.
  • A very patient support team that will be happy to answer your questions.

3) Allstate: $304

Another well-known name in the insurance world with a national level of reach, Allstate can be compared to State Farm in its coverage, but there is more of an emphasis on a few types of coverage such as expensive items and water damage. If they specialize in something important to you, then look into them further. If not, go back to State Farm.

Additionally, you may not be satisfied with the customer service they offer, which is troubling as Farmers is still cheaper. You also may experience rate hikes in high-crime areas (which might be a particular concern for you).

You can expect the following working with Allstate:

  • Strong expensive items coverage.
  • Very competitive water damage and flooding coverage, which might be a concern if the plumbing isn’t great in your building.
  • Excellent bundling options to keep your total rate low.

4) Liberty Mutual: $367

Liberty Mutual, while a bit pricey in Nevada, can be an excellent choice for those of you who want coverage from everything, and an above-average amount of it. In our research, we found few problems with the provider when it comes to renters insurance, and discount opportunities and partnerships ensure that you don’t necessarily have to pay a rate higher than what you would get from the three previous companies.

Yet while they have partnerships and great discounts available, you might not want to take them up on their bundling offers, as all their services are not equal.

You can expect the following working with Liberty Mutual:

  • An excellent set of online tools and platforms, making quote acquisitions easy and also providing you with plenty of resources with which to answer your questions.
  • A notable set of partnerships with many organizations, most of which allow for a discount to your annual rate if you happen to belong to one of them (and you likely do).
  • A professional and polite customer support team.

5) Nationwide: $613

We’re shocked by Nationwide’s average rate as well, and while it will be a quick no for many readers, we do still wish to explain some of the potential benefits of working with then, as they will still be the right choice for some people. The main benefit is the customization options that will be available to you when crafting a policy. You can also expect quality service and some basic discount options, although in these departments they’re still beat.

The main downside with Nationwide in Nevada is, of course, the cost, but you may also find yourself disappointed with their base coverage levels if you look further into them. How far this goes will depend directly on your possessions and your coverage needs.

You can expect the following working with Nationwide:

  • The ability to customize your deductible (and therefore potentially affect your rate).
  • The ability to take your coverage levels and adjust them to your needs, reducing wasteful spending on protection you will never use.
  • A free yearly check-up on your policy to make sure that you’re getting the best that Nationwide can offer.

Conclusion

Only you, with your knowledge of your immediate area and its risks, will be able to craft the perfect policy for you and your family. Yet we hope with the help of the above information can narrow down your choices and move on quickly to the next step of getting quotes. If you don’t like what you immediately see, don’t be afraid to try and negotiate, ask questions, and move on. It isn’t always an easy process, but we know you can do it.