Purchasing Nevada homeowners insurance is a smart way to shield your family and future from unforeseen events and disasters. Getting information on homeowners insurance rates for your NV home is easier than ever before.
Using the tools available on the Internet you can compare coverage options and be quoted rates on Nevada homeowners insurance with out even leaving the comfort of your chair. Use our free tool at the top of the page to compare Nevada home insurance rates from top insurance companies.
But price should not be the only consideration. Your insurer should be capable enough to offer you a fair price with excellent service. Here’s what you need to know to have a good understanding of how rates are determined and what it means to you.
Differences In Nevada Homeowners Insurance Rates
Nevada homeowners insurance rates will vary, and a number of them depend on factors of your home. These will include:
- Materials used in your home’s construction. Obviously a brick home that is fire resistant is seen as a better risk that a wooden one in an area prone to forest fires.
- Location to Nature. Are you in a flood zone, a high crime area, or the above mentioned forest fire zone? Hurricanes and earthquakes are other location specific high risk factor that can either drive rates up or require additional coverage.
- Location to Emergency Services. Close proximity to fire hydrants and stations can have a positive impact on rates.
- Personal History. Factors including your credit score and prior number of claims both have a correlation on your perceived risk in the eyes of homeowner insurance companies. However, bear in mind, that a company cannot refuse a homeowners insurance policy on the basis of poor credit score.
- Safety Features used in your home (such as a security system, fire extinguishers by the stove, etc.).
How to Get Discounts On Your Nevada Homeowners Insurance Rates
A number of homeowners insurance companies will offer you discounts based on many different factors.Here are some ways that you can cut down on your Nevada homeowners insurance rates.
- Make Your Home Less Prone To Danger: Install a fire alarm system or security system. Insurance companies offer discounts for installing a fire and burglar alarm system.
- Ask For Discounts: You should ask each insurance company about any discounts they offer. If you have multiple insurance policies, some companies do consider giving you a discount. For example if you already have a health and auto insurance with a company, then the company will consider reducing your premium for your Nevada homeowners insurance. There are also discounts available for seniors, longevity with the same insurer, alumni discounts, and home maintenance and repair discounts.
- Research Group Coverage: Business groups and other associations often group together for an insurance package which includes a discount for its members.
- Ask About Paying Your Premium Annually: Rather than paying your premium monthly or quarterly, if you pay your premium annually, you end up paying a lesser amount.
- Increase Your Deductible: Ok, maybe this isn’t an official discount, but it’s one of the easiest ways to reduce your premium. Just make sure you don’t increase the deductible beyond your ability to cover it.
Compare Nevada Insurance Rates For Policies With Similar Benefits
While it’s great to be able to get quotes from several companies, it can also be a little confusing. If one company gives you a quote based on a deductible of $500 and another of $1000, you comparison is going to be off. It gets even more difficult when you factor in different coverage amounts, exclusions, and options. To keep your sanity, follow these steps in getting your quotes.
- Determine the amount you can afford to pay out of pocket in an emergency. This should be your deductible.
- Determine the amount you need to insure to replace your home and valuable if disaster strikes. It’s best to use the actual cost of replacement rather than the market value of your home.
- Decide if you are required to carry (or if you want) any additional coverage like flood insurance.
- Use this information to give the same fact to each of the companies you are get rate quotes from.
- Comparison shop multiple insurance companies rates.
Compare NV Home Insurance Rates Now!
These steps will help you make comparisons in the most accurate way possible. Why not get started right now?
Use our free tool at the top of the page to compare Nevada homeowners insurance rates from the state’s top insurers today!
Get started finding Nevada home insurance now!