December 8, 2023


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Best Cheap Homeowners Insurance in Las Vegas

The Las Vegas housing market is one of the most active in the country. There is currently a shortage of homes for sale, which is driving property values up further. If you are planning on buying soon or already own a home, having home insurance to protect your financial investment is essential. Homeowners insurance costs $905 per year for $250,000 in dwelling coverage on average, according to Bankrate’s 2021 study of average quoted annual premiums. However, you could beat the average if you know how to find cheap home insurance Las Vegas rates. Bankrate researched to narrow down the field of insurance companies by comparing pricing, policy offerings and customer ratings to bring you five of the best home insurance companies.

Best cheap home insurance companies in Las Vegas

Four out of the five carriers we chose for our best and cheapest home insurance companies in Las Vegas have average premiums below the average of $905 per year for coverage. By partnering with Quadrant Information Services, we were able to obtain up-to-date quoted premiums for each provider. They also rank well in the J.D. Power Home Insurance Study, which scores the highest-rated carriers based on customer opinions and reviews.

Home insurance company Average annual premium for $250K liability J.D. Power score
Travelers $490 803 / 1,000
American Family $641 821 / 1,000
USAA $687 *889 / 1,000
Allstate $801 829 / 1,000
State Farm $1,060 829 / 1,000

*Due to membership eligibility restrictions, USAA is considered rank-ineligible by J.D. Power.


If you are in search of a robust policy for your Vegas property, Travelers may be the best choice. You can expand on a standard HO-3 policy by adding a number of extras such as green home coverage, water back up, sump pump discharge and overflow, additional replacement cost and several types of additional coverage for special items such as high-value jewelry and collectibles.

Learn more: Travelers Insurance review

American Family

American Family has some unique add-ons Las Vegas residents may like. In a similar fashion to home warranty policies, equipment breakdown coverage pays for repairing or replacing your home’s systems and appliances, including swimming pools and HVAC. The option for matching siding coverage may be especially ideal for Craftsman-inspired homes. With it, AmFam offers to reimburse the replacement of undamaged siding up to $20,000, following a covered loss that requires the replacement of damaged siding.

Learn more: American Family Insurance review


USAA home insurance is only available to veterans, military personnel and families. A large number of Vegas residents may qualify, as Las Vegas is home to two Air Force bases. USAA is one of the cheapest home insurance companies with an average annual premium of $687 and scores highly in the Home Insurance Study, although it is ineligible for ranking due to membership requirements. An HO-3 from USAA has the option for higher value replacement cost coverage, which allows you to replace items with new versions instead of reimbursing you for an amount that deducts the item’s age and condition.

Learn more: USAA Insurance review


Allstate has some unique options that may be beneficial for Las Vegas residents. If you work from home, business property insurance may cover your work equipment and any inventory you keep at home. Sports equipment coverage adds extra reimbursement for expensive gear, like golf clubs. Yard and garden coverage is another unique option. Mature palm trees and high-end landscaping can be expensive to replace. The optional coverage raises the limits of landscaping items, including trees, tools and riding lawn mowers.

Learn more: Allstate Insurance review

State Farm

State Farm’s home insurance rates in Las Vegas are higher than other competitors’ prices, but the carrier has discounts that could reduce the cost of coverage. Discounts include roof discounts for newer roofs and ones that are impact-resistant, car and home insurance bundling and a home alert protection discount. To qualify for the home alert discount, smoke detectors, a burglar alarm or a home monitoring system must be present.

Learn more: State Farm Insurance review

Home insurance coverage options in Las Vegas

If you own your Vegas home free and clear, you are not required to carry a homeowners insurance policy. However, a policy is often worthwhile because if anything goes wrong, such as a fire, home burglary or someone gets injured at your pool or property, your coverage would prevent you from having to pay for the losses and medical bills out of pocket. Besides a standard homeowner policy, consider the following add-ons:

  • Jewelry rider: Your home insurance limits how much it will reimburse for certain items. If you own diamond jewelry or collector’s watches such as a Rolex, a jewelry rider helps insure your higher-value items.
  • Green rebuild: If your insurance company offers the optional coverage, green rebuild coverage could pay for repairing your home with greener materials following a covered loss, such as a tankless water heater or a more energy-efficient air conditioning system.
  • Equipment breakdown coverage: The hot sun and high summer heat tends to wear down most home systems faster. Having equipment breakdown coverage could come in handy if your pool pump fails or you need to repair or replace your refrigerator.

Home insurance discounts in Las Vegas

Nearly all home insurance companies provide policyholders with a variety of discounts. Some of the most effective are:

  • Bundling: Buying auto insurance and homeowners coverage with the same company could earn you a discount for both.
  • New construction: There are over 240 new-build and master-planned communities popping up throughout Las Vegas. Newer homes often qualify for a discount on home insurance policies.
  • Claims free: Consider asking your carrier if you qualify for a discount for having no claims over time. You may receive a claims-free discount and even a reduction in your deductible for every year without any issues.
  • Safety: Today’s camera-based wireless home security systems are easy to purchase and install yourself and could help you lower your premiums. In addition to a security system, having smoke and carbon monoxide detectors could qualify you for the safety discount.

Frequently asked questions

What is the best home insurance company?

Every homeowner has unique needs and will find a different company to offer the best coverage for their property. Many homeowners consider price and add-on availability in their insurance buying process. Other considerations may include ease of access to online tools or customer reviews.

How much does home insurance in Las Vegas cost?

The average cost of home insurance in Vegas is $905 per year for $250,000 in dwelling coverage. However, we found four carriers with lower than average premiums in the city, with average annual rates starting at $490.

How much home insurance do I need in Las Vegas?

When determining how much home insurance you need, there are a few main factors to consider. To set personal property coverage, take inventory of the value of your furniture, clothes, electronics and other belongings. For dwelling coverage, it helps to research building costs in your area and consult with your carrier or agent to set the best limit. Liability insurance pays for injuries and legal expenses for individuals hurt on your property. If you have a swimming pool or entertain regularly, consider increasing your liability limits.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.