Henderson, NV Homeowners Insurance
The average homeowner in Henderson pays $82 a month for insurance. Are you paying too much?
The average homeowner in Henderson pays $82 a month for insurance. Are you paying too much?
Home insurance is a critical element of homeownership. Fire, vandalism, theft, and wind damage are only a few of the perils from which homeowners coverage can protect your dwelling and other personal belongings. With the relative frequency of such perils -- and the high cost of rebuilding or repairing a home -- obtaining homeowners insurance is a sound investment.
The price of a homeowners insurance policy depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home can also influence how much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more about what a home insurance policy covers.
If you want to find cheaper home insurance in Henderson, start with looking around and comparing policies. Take a look at the summary below showing average homeowners insurance premiums in Henderson to begin your home insurance search with as much knowledge as possible. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.
Homeowners insurance rates in Henderson vary from one insurance company to another. Farmers offers the most affordable home insurance in Henderson, at just $587 per year. This compares favorably to the city’s average homeowners premium of $983.
Below you'll find a list of the cheapest home insurance companies in Henderson, Nevada to help you start your search.
| Company | Average Annual Rate |
| Farmers | $587 |
| Travelers | $682 |
| Safeco | $698 |
| American Family | $785 |
| State Farm | $790 |
The amount of homeowners coverage you select has an impact on the insurance premiums you pay. Homeowners in Henderson who carry $200K in dwelling coverage pay an average of $730 per year, while those with coverage up to $400K pay around $1,197 per year.
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $472 |
| $200K Dwelling | $730 |
| $250K Dwelling | $820 |
| $400K Dwelling | $1,197 |
Home insurance premiums can vary depending on what area of Henderson in which you live. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.
If you're looking for the most affordable homeowners insurance premiums in Henderson, take a look at the 89012 ZIP code. In the 89012 area, homeowners coverage usually costs just $956 on average — a full $26 less than the Henderson average. The below table shows the best places to live in Henderson if you’re looking for affordable homeowners insurance.
| ZIP Code | Average Annual Home Insurance Rate |
| 89012 | $956 |
| 89052 | $960 |
| 89014 | $982 |
Some parts of Henderson, however, are prone to home insurance costs that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up area rates. The most expensive ZIP code for homeowners insurance in Henderson is 89044, where the average annual rate is $1,014.
| ZIP Code | Average Annual Home Insurance Rate |
| 89044 | $1,014 |
| 89011 | $1,003 |
| 89074 | $990 |
Homeowners face a number of choices when purchasing a home insurance policy, including the amount of their deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Choosing where to set your deductible impacts how much you pay for your coverage.
When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those aiming for lower rates will want to consider a higher homeowners deductible. Keep in mind that your deductible should only be as high as you can reasonably afford in the event of a covered loss.
The following chart outlines the typical rates affiliated with deductibles offered by most home insurers.
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $897 |
| $1,000 | $820 |
| $1,500 | $777 |
| $2,000 | $741 |
| $5,000 | $617 |
If saving money is your main concern, it might be worth insuring your home and auto through the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. By bundling your policies, Henderson homeowners could see annual savings of 11% on average.
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| GEICO | $1,374 |
| Progressive | $1,829 |
| State Farm | $2,081 |
| Allstate | $2,334 |
| Farmers | $2,537 |
A great way to save on insurance is to bundle your home and auto policies with the same insurance company.
