Elko Insurance Rates:
Elko, NV homeowners insurance is approximately $546 to $742, about $45-$61/month. Our complete analysis reveals consumers can save upto $257 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
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Home Insurance Companies in Elko, NV: Customer-Reviewed Options
Top Home Insurance Agents Near Elko, NV
| Home Insurance Company Near Elko, NV |
Homeowners Insurance Agency Near Elko, NV |
Address |
| State Farm |
Brent Stokes |
698 5th St, Elko, NV, 89801-3551 |
| Allstate |
Gregory Insurance Ag |
789 Railroad St, Elko, NV, 89801 |
| Liberty Mutual Independent |
Isu Mcmullen Insurance |
429 COURT ST STE 1, ELKO, NV, 89801 |
| Liberty Mutual |
Michael B. Popp Lutcf |
225 Silver St. Ste - 103, Elko, NV, 89801 |
Elko, NV Auto & Homeowners Insurance Bundling Discounts
| Place |
1 Car Bundle Savings On Insurance |
2 Car Bundle Savings On Insurance |
3 Car Bundle Savings On Insurance |
| Spring Creek CDP, Nevada |
$81 |
$108 |
$162 |
| Osino CDP, Nevada |
$79 |
$105 |
$157 |
| Carlin CCD, Elko County, Nevada |
$77 |
$103 |
$154 |
Elko, NV Area Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
| Elko, NV | 3.6% | 14.1% |
| Spring Creek | 3.53% | 10.33% |
| Osino | 3.38% | 10.28% |
| Carlin | 4.53% | 14.54% |
Elko Renters Insurance as a Percentage of Rent
| Elko Home By Monthly Rent |
Total Homes |
% of Total |
Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|
| $200 to $299 |
129 |
4.0% |
$793 |
| $300 to $499 |
125 |
4.0% |
$1243 |
| $500 to $749 |
451 |
15.0% |
$1918 |
| $750 to $999 |
1,054 |
35.0% |
$2668 |
| $1,000 to $1,499 |
964 |
32.0% |
$3793 |
| $1,500 or more |
240 |
8.0% |
$5443 |
Elko, NV Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible |
|---|
| Deductible | $1,800 | $4,800 |
| Yearly Elko Homeowner Insurance Premium Example | $2,000 | $1,400 |
| Out of Pocket Expense During Claim | $1,800 | $4,800 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim |
$15,800 | $14,600 |
| Net Savings to Elko Home Owner from High Deductible Plan |
$1,200 |
Elko, NV Home Insurance Costs With Home Replacement Value Scenarios
| Scenario |
Elko, NV Home Replacement Value MORE than Home Value |
Elko, NV Home Replacement Value LESS than Home Value |
| Replacement Value |
$251,500 |
$191,500 |
| Insurance Premium based on Replacement Value |
$1,075 |
$825 |
| Risk Exposure from Under Insuring Coverage |
Unnecessary Home Insurance Coverage of $31,000 |
Risk Exposure from Under Insuring Coverage is $29,000 |
| Premium Impact |
Insurance cheaper by $125/year |
Insurance costlier by $125/year |
Example Elko Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company |
Liberty Mutual | Allstate | Farmers Insurance |
| Monthly Premium |
68 | 114 | 165 |
| Year Built |
2014 | 1980 | 2003 |
| Home Details |
3 Beds, 2 Baths | 4 Beds, 3 Baths | 5 Beds, 2 Baths |
| Coverage Amount |
$250000-$300000 | $250000-$300000 | $400000-$500000 |
| Deductible |
$5000 to $10,000 Deductible | $500 Deductible | $500 Deductible |