How to get affordable renters insurance in Nevada
Renters insurance is an optional but important insurance coverage. It keeps your stuff safe in the event your rental property suffers damage from a common incident. A renters policy protects items in the event of fire or smoke damage, a wind storm, theft or vandalism and a number of other calamities.
Unlike auto insurance, renters policies aren’t priced based on state-level laws. Even still, there are relatively substantial variations in average renters insurance prices from state to state. Insurance policy rates in states may differ based on the frequency and value of renters insurance claims filed in that particular state, and depend on the value of the belongings insured on the policy.
Renters insurance in Nevada is cheaper than the national average. The average annual cost of renters insurance in Nevada is $179, $6 less expensive than the national average.
The easiest way to get an affordable renters insurance policy in Nevada is to compare rates and consider policies from as many insurance companies as possible. Find out average renters insurance rates in Nevada via the below breakdown. Remember: your rates may differ, depending on your coverage limits and the valuation of your belongings.
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Renters insurance prices in Nevada by insurance company
Renters insurance prices in Nevada vary depending on the insurance company you choose. Country provides the cheapest renters policies in Nevada — only $116 per year. This compares favorably to Nevada's average cost of $179, offering a 35% discount on average policy costs statewide.
Begin the hunt for a renters insurance policy by reviewing the cheapest Nevada insurance companies, detailed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN NEVADA
| Company | Average Annual Rate in Nevada |
| Country | $116 |
| American Family | $131 |
| Travelers | $134 |
| State Farm | $152 |
| ACA | $158 |
Nevada renters insurance costs by city
Renters insurance rates in Nevada vary depending on the city. Rates depend on locally specific variables such as the number of local claims filed, lending your ZIP code plenty of weight in deciding how much you pay.
The best renters insurance in Nevada is available in Sparks. In Sparks, the typical renters insurance policy costs $166 per year — $57 less than the state average. The below cities have the most affordable renters insurance in Nevada.
CHEAPEST CITIES FOR RENTERS INSURANCE IN NEVADA
| City | Average 12-Month Renters Insurance Rate |
| Sparks | $166 |
| Spanish Springs | $166 |
| Sun Valley | $167 |
| Reno | $168 |
| Elko | $170 |
Looking for information about renters insurance for a specific city? Check out our breakdown of major metropolitan areas in Nevada.
Renters insurance in NV by coverage tier
The cost of your renters insurance depends on the amount of coverage you opt to carry. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Nevada, the difference in annual premium between these two tiers is about $58. If you can afford to insure your personal property at this additional expense, it's an option worth considering.
| Coverage Level | Average Annual Renters Insurance Rate in Nevada |
| $25K Property | $150 |
| $50K Property | $208 |
Tip: bundle auto and renters insurance in Nevada
If you’re seeking ways to save on your insurance expenditures, consider purchasing your renters and car insurance policies from the same company. A renters and car insurance bundle in Nevada can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in Nevada results in a yearly discount of $85.
CAR AND RENTERS BUNDLING DISCOUNTS IN NEVADA
| Avg. Annual Rate (No Bundle) | Avg. Annual Rate (w/ Bundle) | Annual Savings ($) | Annual Savings (%) |
| $1,915 | $1,829 | $85 | 5% |
Nevada renters insurance FAQs
Is renters insurance required in Nevada?
There is no state law that mandates renters insurance in Nevada, unlike car insurance. But it's commonly required by landlords and property management companies before you can rent their property.
What does Nevada renters insurance cover?
Your average renters policy covers your property, liability, medical expenses to others, and loss of use. It never covers the rental unit itself and only protects your personal possessions.
