The Best Cheap Renters Insurance in Nevada

Renters insurance is an affordable and important tool to protect your property. To find the best options in Nevada, ValuePenguin collected more than 100 quotes from six of the top insurers statewide.

Finding cheap renters insurance in Nevada

The cheapest renters insurance in Nevada can be found with Travelers, which costs $13 per month. That's 33% cheaper than the statewide average.

That's 9% more expensive than the national average, which is $215 per year.

Although Travelers has the cheapest rates, we don't recommend buying coverage based on price alone. Dependable service and good coverage options matter, too, which is why we chose Lemonade as the best option for most Nevada renters.

Quotes from Lemonade are also very affordable — a policy costs $14 per month, which is 31% cheaper than average.

The cost of renters insurance varies by up to $219 per year, or $18 per month. That's why it's important to compare quotes from multiple companies when you're shopping for a policy.

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Best renters insurance for most people: Lemonade

Lemonade is our recommendation for most renters in Nevada because it has the best overall mix of affordability and customer service. Lemonade has one of the best rates we found for renters insurance in Nevada: about $14 per month. That's $6 per month less than the typical price statewide, and only a few cents per month more than the cheapest option, Travelers.

Nevada renters will also find good customer service with Lemonade. It received the second-best score on J.D. Power's annual customer satisfaction survey, and offers an easy, intuitive online shopping and claims experience. Lemonade's chat bot helps renters get a quote within minutes, and the company notes that 30% of claims are paid out just as quickly.

Some claims may take longer, though. According to the National Association of Insurance Commissioners (NAIC), Lemonade has more customer complaints than other insurers of a similar size, most of which are due to delays in the claims process.

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Best for low rates: Travelers

Nevada renters can find the cheapest insurance rates from Travelers, where a policy costs $13 per month, or $158 per year. That's $77 cheaper per year than the statewide average. In addition, a basic policy from Travelers includes coverage for improvements you make to your rental home or apartment, something that's rarely offered by other companies.

However, customer service at Travelers is subpar. The company earned the lowest score on J.D. Power's annual customer satisfaction survey, which means that renters aren't happy with the service they receive.

With Travelers, you have to pay for renters insurance in annual installments, which means you'll have to make one payment of $158 instead of 12 payments for $13. This system can also make the process of canceling your insurance more difficult. You can ask for a refund, but it's another hoop to jump through if you're unhappy with the service.

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Best customer service: Amica

Amica is the best choice for Nevada renters looking for great customer service. Renters are happy with their experience with Amica — the company only has one-third as many complaints as other insurers of a similar size, according to the NAIC. It also received a high score from our editors based on the range of coverage options it offers, customer reviews and the overall value provided.

Amica's rates aren't the cheapest in Nevada, but they are slightly below average. At $227 per year, or $19 per month, Amica customers pay $8 per year less than the state average.

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Nevada renters insurance rates by city

The cost of renters insurance changes depending on where you live. You might pay less for renters insurance in a town with a low crime rate, or more in an area susceptible to wildfires.

Renters insurance rates fluctuate by up to $75 per year across the 22 largest cities in Nevada.

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Best renters insurance companies in Nevada

USAA also offers excellent customer service for Nevadans. However, only active-duty military members, veterans and their families are eligible to purchase renters insurance from USAA.

Selecting a renters insurance company with good customer service can make a huge difference, especially when you're buying a policy or making a claim. Good customer service can make the process smooth and stress-free, while bad customer service can make everything take much longer than necessary.

To evaluate renters insurance customer service, we considered three main factors: the National Association of Insurance Commissioners Complaint Index, J.D. Power's U.S. Home Insurance Study - Renters Insurance and our own ValuePenguin editor's rating.

Methodology

To find the best renters insurance in Nevada, we compared rates from six top insurance companies in 22 of the largest cities across the state. Our sample renter is a single, 25-year-old man who lives by himself, with no recent renters insurance claims.

Quotes are based on the following coverage limits:

Customer service ratings were determined based on our own ValuePenguin editor's rating, the National Association of Insurance Commissioners (NAIC) Complaint Index and J.D. Power's annual customer satisfaction survey.