Home Insurance in Nevada
Homes in Nevada carry a median value of $435,400.
The typical home in Nevada was built around 1996. About 5% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Nevada is 66% single-family homes, 22% apartments in buildings with 5+ units and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Nevada, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 60% of occupied homes in Nevada are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
59% of homes in Nevada are primarily heated with natural gas.
The statewide average premium for a standard HO-3 homeowners policy in Nevada is $1,013 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $435,400 |
|---|---|
| Median year built | 1996 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 66% |
| Home insurance premium | $1,013 - statewide average (NAIC, 2023 data) |
Counties
- Carson City
- Churchill County
- Clark County
- Douglas County
- Elko County
- Esmeralda County
- Eureka County
- Humboldt County
- Lander County
- Lincoln County
- Lyon County
- Mineral County
- Nye County
- Pershing County
- Storey County
- Washoe County
- White Pine County