6 Best Renters Insurance Companies in Nevada 2025

Nevada is home to many renters, especially in Las Vegas and its surrounding areas and suburbs like Henderson and Spring Valley. Legally speaking, renters in Nevada are not obligated to have renters insurance, but landlords may require it for their protection.

At PropertyNest, we advise all renters to consider purchasing renters insurance to cover the cost of replacing any damaged, lost, or stolen property. To help you find the best renters insurance in Nevada, we've compiled a list of top companies with information on pricing, coverage, and available discounts.

According to PropertyNest research, the average cost of basic renters insurance in Nevada is $17 monthly.

The Best Renters Insurance Companies in Nevada

• Lemonade – Best for Automated Services
• Liberty Mutual – Best for Discounts on Renters Insurance
• State Farm – Best for Affordable Coverage
• USAA – Best for Military Members
• Amica – Best for Custom Coverage
• Travelers Insurance – Best for Extra Coverage Options

Our Top Choice

Lemonade: Best for Automated Services

Our first pick for renters insurance in Nevada is relative newcomer Lemonade, the company with the best automated and online services.

If you like the ease of getting a renters insurance quote in just a few minutes and getting a claim paid quickly, then Lemonade is a good choice.

Lemonade’s renters insurance is affordable, often costing significantly less than the national average, and discounts are available to reduce your costs further.

Lemonade is a philanthropic company that annually donates unclaimed money from policyholders to charity.

Lemonade has low prices for renters insurance, with premiums starting at an affordable $5 per month for basic coverage.

If you opt for additional coverage or live in a high-risk area, you should expect to pay more than the average.

Read a full Lemonade home insurance review.

Liberty Mutual: Best for Discounts on Renters Insurance

Liberty Mutual has been providing insurance for over 100 years and has strong financial ratings that reflect its long history.

In addition to providing all the usual coverage you would expect with renters insurance, including money to replace damaged or destroyed items and personal liability, Liberty Mutual offers an array of add-ons.

We chose Liberty Mutual because of its robust list of renters insurance discounts, several of which apply to most renters.

Liberty Mutual's basic coverage costs just $5 per month, making it one of the most affordable options for Nevadans.

Read a full Liberty Mutual renters insurance review.

State Farm: Best for Affordable Coverage

State Farm is the largest property & casualty insurance company in the US.

With its long history and strong financial ratings, it’s a good choice for any renter in Nevada who wants to feel confident that their claims will be paid.

State Farm makes our list because its average cost for renters insurance is below the national average, making it an excellent choice for anybody who wants to save money.

They also offer higher coverage limits than other renters insurance companies on our list.

State Farm's average renters insurance premium is just$10 per month, 33% less than the national average of $15.

Remember that this average incorporates people with basic coverage and high coverage limits, so we chose it as our most affordable company.

Now, let’s review the pros and cons of State Farm renters insurance

Read a full State Farm renters insurance review.

USAA: Best for Military Members

USAA is an insurance company that started providing auto insurance to military service members who needed it.

Since 1922, the company has now offered full insurance coverage, including auto, life, health, and property and renters insurance.

We chose USAA for our list because they offer unique benefits for military service members, including those in active service and veterans and their families.

We also like that they provide built-in flood and earthquake insurance, a rarity in renters' insurance.

Thanks to its generous discounts, USAA reports that the average cost of renters insurance is $10 per month. As a reminder, that includes built-in flood, earthquake, and replacement value coverage for your belongings.

Amica: Best for Custom Coverage

Amica Insurance started in 1907; the company has 44 locations in the continental US.

The company provides renters insurance in every state except Alaska and Hawaii.

There are multiple discounts and flexible policy options available. Still, we chose Amica for our list because they have custom coverage, making it easy to get the insurance you need.

Amica's average basic renters insurance costs $16.35 per month.

Read a full Amica renters insurance review.

Travelers Insurance: Best for Extra Coverage Options

Travelers Insurance has existed longer than any other company on our list and has a great reputation.

It is the second largest property & casualty insurer in the United States and is part of the Fortune 500, a testament to its financial strength.

We chose Travelers for our list because, in addition to the usual coverage, they offer several unique protections that may appeal to renters in Nevada.

The average cost of renters insurance with Travelers is $17, higher than the national average. Still, some renters may prefer a policy with custom coverages such as ID theft protection and mechanical failure coverage.

Is Renters Insurance Mandatory to Rent an Apartment in Nevada?

In Nevada, renters insurance is not legally required to rent an apartment. While renters insurance is not required in most cases, it can provide valuable protection against liability and property damage.

Here are the reasons you should buy renters insurance.

1. Your landlord’s insurance covers their property – meaning the structure of the building and any provided contents – not yours.
2. Most people do not have sufficient savings to replace their belongings if they are lost, damaged, or destroyed.
3. Compared to the replacement cost of your belongings, renters insurance is inexpensive.
4. Your renters insurance will cover you if someone is injured or their property is damaged in your apartment or rental unit.
5. You won’t need to worry if your belongings are damaged or stolen.
6. You can easily add coverage for high-cost items such as artwork, jewelry, or electronics.
7. Your belongings are covered even when they’re not in your apartment.
8. Your renters insurance will pay for your living expenses if you can’t live in your apartment due to a covered event.

What you get in return is peace of mind about your belongings and the coverage you need to replace them, protect your liability, and pay for you to stay somewhere else if your apartment is damaged and you can’t live there.

What is the Average Cost of Renters Insurance in Nevada?

Though renters insurance coverage may vary, renters in Nevada can expect to pay an average monthly cost of around $17 for renters insurance.

Depending on the amount of coverage needed and the type of dwelling, the cost may be higher or lower; however, obtaining renters insurance provides renters with peace of mind and financial protection should any unfortunate situations arise.

Additionally, renters need to ask their insurer about eligibility for discounts; many insurers offer discounts based on various factors, such as good credit scores or securing multiple policies with them.

Ultimately, researching renters insurance options can help Nevada renters find the protection they need while keeping costs low.

What Impacts the Cost of Renters Insurance?

Four factors can impact what you pay for renters insurance.

Coverage Limit

You may decide that minimum coverage is sufficient depending on what you own and how much it would cost to replace it.

However, if you opt for a higher coverage limit, your premium will increase accordingly.

Deductible

For many renters, a policy with a high deductible is the right choice because it is less expensive than one with a low deductible.

Location

The area where you rent plays a role in determining how much you can expect to pay for renters insurance.

As a rule, renters in high-risk areas should expect to pay more than those in low-risk areas.

Endorsements/Riders

Finally, all of the carriers on our list offer the option of scheduling high-value items, and many offer additional coverages – at a cost.

If you choose to augment your coverage beyond the basics, you will pay a higher premium for renters insurance.

What Does Renters Insurance Cover?

Before you search for the right renters insurance policy for your needs, you need to know what’s covered by renters insurance – and what isn’t.

These things are covered.

1. Damage or destruction of your personal property: If any of your covered belongings are damaged, lost, or stolen, your insurance will cover either the actual cash value or the replacement cost of the item, depending on the coverage you choose.
2. Your personal liability: If someone is injured or their property is damaged while in your apartment, you will be covered up to the policy limit.
3. Medical payments: Medical expenses incurred by a guest while in your rental unit are covered on a limited basis.
4. Additional living expenses: If your apartment or rental is damaged to the extent that you can no longer live in it, your renters insurance will pay for alternative living arrangements while repairs are made.

What Does Renters Insurance Not Cover?

Now, let’s review what renters insurance will not cover.

1. Damage beyond your policy limits. You must pay out of pocket if you sustain losses for more than your policy limit.
2. Damage from non-covered events. Every renters insurance policy has exclusions, and if you sustain a loss caused by something that’s not covered, your insurance will not pay for it.
3. Loss or damage of uninsured valuables. High-value items must be scheduled separately on your renters insurance policy at an additional cost. If you don’t schedule them, your insurance will not pay to replace them.

When you buy your renters insurance policy, be sure to read everything and ask questions to ensure that you understand what coverage you have.

How Much Renters Insurance Do You Need?

You’ll need to assess the value of your belongings to determine how much coverage you should buy. Make sure to include all of these things.

• Artwork
• Books
• Clothing
• Electronics
• Furniture
• Home decor items
• Jewelry
• Small appliances & kitchen items

We suggest taking photos of everything and saving your receipts.

Make sure to consider the replacement cost of items because it may be worth paying a little more for insurance to know you can afford to replace your belongings.

Synopsis

At Property Nest, we recommend renters insurance for anybody renting living space in Nevada.

Remember, your landlord’s insurance does not protect your belongings, so you should not expect reimbursement if you don’t buy renters insurance.

If you own high-value items, it’s worth it to insure them because you won’t be reimbursed if they’re not scheduled separately on your policy.

To ensure you don’t overpay for renters insurance, we suggest getting at least three quotes and doing what you can to take advantage of available discounts.

Methodology

We thoroughly researched the state's top renters’ insurance companies and narrowed the list down to those that operated in Nevada. We rated them on criteria that included ease of use, ratings, financial strength, customer, and affordability. Read our full in-depth renters insurance methodology.

How We Ranked and Picked the Best Renters Insurance Companies in Nevada

We chose the companies for our list of the best renters insurance companies in Nevada using the following criteria for evaluation.

Average Cost

We recognize that budgeting concerns most renters and that they would appreciate a focus on affordability.

We prioritized insurance companies that offer affordable renters insurance for budget-conscious people.

Available Discounts

Everybody loves a discount, and we looked for companies offering multiple discounts, particularly discounts for auto payments and policy bundling accessible to most renters.

Customer Service

Filing a claim can be stressful, and so can navigating policy changes, and we want Nevada renters to have an easy time of it.

We chose companies with a strong record of customer service, particularly those with easy claim-filing processes.

Technology

Many of today’s renters prefer online and mobile services to phone calls, and many insurance companies have adapted accordingly.

We chose companies with mobile apps, web services, customer portals, and online resources for their policyholders.

Coverage Options

Every renter is unique, so it’s important to have some flexibility and customization options when buying renters insurance.

Many of the companies we chose offer add-on coverages, deductible options, and different policy limits to suit the needs of renters at every income level.

Locations

We've researched renters insurance quotes in major Nevada counties and key cities - Carson City, Churchill County, Clark County, and Douglas County.

We compared the renters insurance quotes and averages in cities such as Las Vegas, Henderson, Reno, North Las Vegas & Paradise to better understand how much coverage would cost for your needs.