In Las Vegas, NV, homeowners pay an average home insurance rate of $644 per annum. Home insurance rates vary between $170-$1520 based on home values. Homeowners can make use of discounts provided by home insurance companies to save as much as $254.
Homeowners with newly constructed homes in Las Vegas earn a discount of $271 on home insurance rates. On the other hand, Las Vegas homes that are older than 30 years can increase home insurance rates by $10.
Home insurance companies provide discounts up to $77 on insurance rates based on home construction type. Homes constructed using fire-resistant materials and superior materials get discounts of $77 and $71, respectively, on insurance rates. Masonry and brick homes earn a discount of $39, while homes that have a hail resistant roof get a $19 discount.
Homes located close to public service agencies are less prone to thefts and damage during fire breakouts and calamities. Homeowners earn a discount of $26 and $19, respectively, on homes located close to fire stations and police departments.
Homeowners who take safety measures to secure their homes against robberies and theft, also get substantial discounts on insurance rates. Las Vegas reported 13,102 burglary incidents in the year 2018. Moreover, the homes installed with security monitoring systems, smoke detectors, fire safety alarms, and deadbolt locks earn considerable discounts on home insurance rates.
Homes that are free from mortgage earn additional discounts on insurance rates. Home insurance companies believe that homeowners feel more responsible for homes that are not under a mortgage. This prompts home insurance companies to provide additional discounts to homes that are free from mortgage.
Homeowners can also earn discounts on their home insurance rates by opting to pay a high deductible. Vhome’s analysis reveals that homeowners in Las Vegas can save as much as $1,500 for a lock-in period of 7 years if they pay a high deductible of $3,900 as opposed to a standard deductible of $1,900.