Reno, NV Homeowners Insurance

Explore average home insurance premiums in Reno, Nevada, and the best ways to save.

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How to find affordable homeowners insurance in Reno

 

One of the most important aspects of homeownership is home insurance. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. With the relative frequency of such perils — and the high cost of rebuilding or repairing damages to a home — obtaining homeowners insurance is a smart investment.

What you pay for homeowners insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Discover more about what a home insurance policy covers.

If you want to find cheap home insurance in Reno, start by looking around and comparing a variety of different policies. Check out the below summary of average homeowners insurance rates in Reno to help you get as much information as possible when you start your search for homeowners insurance. 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.

 
Reno, Nevada, home insurance — table of contents:
  1. Rates by insurer
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling discounts

 

Homeowners insurance in Reno by insurance company

What you pay for homeowners insurance in Reno will depend on the insurance company you get your policy through. The most affordable home insurance in Reno is Universal Insurance offering average annual rates at just $537 per year. This is considerably cheaper than the city’s average homeowners premium of $937.

Start your search for a home insurance policy by reviewing the cheapest companies in Reno, Nevada, listed below.

 
CHEAP HOMEOWNERS INSURANCE COMPANIES IN RENO
CompanyAverage Annual Rate
Universal Insurance$537
Farmers$605
Safeco$645
State Farm$770
Country$773

 

Average homeowners insurance rates in Reno by coverage levels

Your chosen level of homeowners coverage impacts the insurance premiums you pay. Homeowners in Reno who carry $200K in dwelling coverage pay an average of $711 per year, while those with coverage up to $400K pay around $1,124 per year.

 
HOMEOWNERS INSURANCE RATES IN RENO — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$451
$200K Dwelling$711
$250K Dwelling$775
$400K Dwelling$1,124

 

Reno homeowners insurance prices by ZIP code

Not every area of Reno has equal home insurance costs. The number of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the location of your home could have a huge impact on what you pay for homeowners coverage.

To find the most affordable homeowners coverage in Reno, look no further than 89523. In the 89523 area, homeowners policies typically cost just $901 per year — a full $36 less than the Reno average. The below table shows the best places to live in Reno if you’re looking for affordable homeowners insurance.

 
AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN RENO
ZIP CodeAverage Annual Home Insurance Rate
89523$901
89509$908
89519$913

Some parts of Reno, however, have home insurance premiums that are higher on average. Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. With an annual average premium of $972, 89508 comes in as the costliest ZIP code in Reno for home insurance.

 
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN RENO
ZIP CodeAverage Annual Home Insurance Rate
89508$972
89512$964
89510$960

 

Homeowners insurance deductibles in Reno

One of the many decisions to be made when shopping for a homeowners policy is the amount of your deductible. A homeowners deductible is the amount you must pay out of pocket toward a covered loss. The deductible that you decide on can impact how much you pay in insurance premiums.

Put simply, having a higher deductible translates to cheaper insurance rates. Therefore, if you are wanting lower home insurance rates, you'll need to increase your deductible. Keep in mind that your deductible should only be as high as you can reasonably pay if you suffer a loss.

The following table illustrates the average premiums associated with deductibles offered by most home insurers.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN RENO
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$847
$1,000$775
$1,500$735
$2,000$699
$5,000$581

 

Money-saving tip: bundle home and auto insurance in Reno

You might want to consider purchasing your auto and home insurance policies through the same company if you are looking to save on overall insurance costs. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. By bundling your policies, Reno homeowners could see annual savings of 11% on average.

 
CHEAPEST CAR INSURANCE WITH A POLICY BUNDLE IN RENO
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$1,190
Progressive$1,385
State Farm$1,432
Allstate$1,596
Farmers$1,859
 

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.

 

Compare home insurance quotes and find a policy today!

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.