Reno ,NV Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Reno, NV homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Reno, NV is $1213. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Reno, NV. VHome Insurance will help you navigate the world of homeowners insurance coverages in Reno, NV.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $485 |
| $200,000 | $825 |
| $300,000 | $1,019 |
| $400,000 | $1,553 |
| $500,000 | $1,953 |
Home insurance costs in Reno can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 089511 | $1,270 |
| 89510 | $1,157 |
| 89509 | $1,191 |
| 89523 | $1,170 |
| 89501 | $1,140 |
| 89503 | $1,138 |
| 89502 | $1,123 |
| 89506 | $1,123 |
| 89512 | $1,108 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Reno, NV, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,244 |
| $1000 Deductible | $1,112 |
| $1500 Deductible | $1,049 |
| $2500 Deductible | $946 |
| $5000 Deductible | $801 |
| Home Insurance Company Near Reno, NV | Homeowners Insurance Agency Near Reno, NV | Address |
|---|---|---|
| NA | Alex Pieters Insurance Agency | 1559 Desert Drive , Minden, NV, 89423 |
| State Farm | Bob Bentley Jr | 248 E Liberty St, Reno, NV, 89501-2211 |
| Allstate | Chaidez & Associates Llc | 1190 Selmi Dr Ste 103, Reno, NV, 89512 |
| Allstate | Mark Kerber | 716 H St, Sparks, NV, 89431 |
| Farmers | William Mcdowell | 1023 Rock Blvd, Sparks, NV, 89431 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Reno North CCD, Washoe County, Nevada | $97 | $129 | $194 |
| Mogul CDP, Nevada | $104 | $138 | $207 |
| Golden Valley CDP, Nevada | $99 | $132 | $198 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Reno, NV | 3.1% | 10.9% |
| Reno North | 3.13% | 11.7% |
| Mogul | 3.28% | 10.5% |
| Golden Valley | 2.62% | 10.25% |
| Reno Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 815 | 1.0% | $787 |
| $300 to $499 | 3,038 | 6.0% | $1237 |
| $500 to $749 | 11,316 | 24.0% | $1912 |
| $750 to $999 | 13,599 | 29.0% | $2662 |
| $1,000 to $1,499 | 11,389 | 25.0% | $3787 |
| $1,500 or more | 4,865 | 10.0% | $5437 |
| Streets in Reno Area | Homeowners Insurance Cost |
|---|---|
| Summit Ridge Rd, W Cygnet Cir, Torobie Cir, Marvel Way, Windycrest Dr, N Arlington Ave, Via Contento Ct, Washington St, Oldenburg Ct, Cliff Hanger Dr | $650 |
| Machen Cir, Newlands Cir, Waldron Ln, Budrow Dr, Doc Olena Ct, River Gorge Ct, Mesa Park Rd, Sleepy Hollow Dr, S Rock Blvd, Elk Ct | $661 |
| Escalera Ct, Gilvarry St, Brown St, Fall River Cir, Old US Hwy 395 N, Sommerville Way, Marsh Ave, St Lawrence Ave, Anne Marie Ct, Birmingham Pl | $631 |
| Citron St, Torrington Dr, Drew Dr, Ballentyne Way, Alicia Way, Elko Ave, Antelope Valley, Longhorn Dr, Greenwich Way, Shadow Crest Cir | $600 |
| Preakness Ct, Moab Ct, Shelter Ct, Hemlock Way, Swaledale Dr, Summer Glen Dr, Virginia St, Regal Dr, Jaeger Ct, Meadowood Mall Cir | $682 |
| Austin Creek Ct, Basque Oven Rd, Lafayette Ln, Palmira Dr, Buckaroo, Marmara Dr, Orovada St, Prairie Rose Pl, Fieldcreek Ln, Orca Way | $685 |
| S Whisperwood Dr, E 11th St, Pasture View Rd, Toiyabe St, Klondike Dr, Arbor Ct, Flint St, Willow St, Las Brisas Blvd, Kirkland Ct | $697 |
| Oakley Ln, Still Meadow Dr, Sapphire Canyon Ct, Primula Way, Quail Run Rd, Greeley Ct, Samuel Way, Aspen Glen Rd, Isbell Rd, Outback Ln | $752 |
| Sysonby Ct, Firethorn Cir, Partridge Way, Meyers, Aquamarine Ct, Calgary Ct, Sienna Station Way, Kiwi Ct, Morgan Pointe Cir, Eucalyptus Ct | $682 |
| Desna St, Andesite Ave, Devon Dr, Fort Churchill Rd, Fulmar Ct, Springer Ct, Blue Lakes Ct, Hacienda Dr, Noche Ln, Kewanna Trl | $631 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Reno | $97 to $100 |
| Reno North | $97 |
| Mogul | $103 |
| Golden Valley | $99 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,900 | $4,900 |
| Yearly Reno Homeowner Insurance Premium Example | $1,400 | $900 |
| Out of Pocket Expense During Claim | $1,900 | $4,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $13,100 | $12,100 |
| Net Savings to Reno Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Reno, NV Home Replacement Value MORE than Home Value | Reno, NV Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $393,000 | $283,500 |
| Insurance Premium based on Replacement Value | $2,000 | $1,450 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $38,500 | Risk Exposure from Under Insuring Coverage is $71,000 |
| Premium Impact | Insurance cheaper by $350/year | Insurance costlier by $200/year |
| Insurance Company | Nationwide Insurance | Farmers Insurance | American Family Insurance |
| Monthly Premium | 64 | 198 | 91 |
| Year Built | 1986 | 1990 | 2012 |
| Home Details | 4 Beds, 3 Baths | 5 Beds, 4 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $400000-$500000 | $200000-$250000 |
| Deductible | > $10,000 Deductible | $500 Deductible | $500 Deductible |