How much is renters insurance in Reno, NV

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Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

After carefully evaluating renters insurance companies, we’ve compiled a list of the most affordable insurers for Reno renters. Keep reading to learn which insurers offer the lowest rates in Reno

Key Takeaways

The average cost of renters insurance in Reno is $232 annually or $19 monthly.
The cheapest option for renters in Reno is CSAA Insurance (AAA), offering coverage at $12 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as discounts for installing a security system or bundling policies.

What is the average cost of renters insurance per month in Reno?

On average, renters in Reno pay $19 per month for renters insurance, which is $2 less than the state average of $21. The policy includes $40,000 in personal property, $100,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Reno varies depending on your carrier and the coverage limit you select. Renters in Reno typically pay $15 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $4 more in your monthly premium.

You’ll need to decide on the coverage that best fits your needs and budget. However, choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Reno by deductible?

The renters insurance cost in Reno is $201 per year for a $500 deductible and $20,000 as personal property coverage.

A deductible is an amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $20 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amount.

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$201	$258	$321
$1,000	$181	$232	$287

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Reno?

Your search for the cheapest renters insurance company ends here.

CSAA Insurance (AAA) offers the cheapest renters insurance in Reno at $141 a year or $12 per month. According to Insure.com’s data analysis, State Farm ranks second on our list followed by Universal Insurance Co.

Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Reno and put together a list of the most affordable insurance carriers.

Below are the average annual and monthly rates of the cheap renters insurance companies in Reno, NV.

Renter insurance provider	Average annual rate	Average per month rate
CSAA Insurance (AAA)	$141	$12
State Farm	$180	$15
Universal Insurance Co	$235	$20
American Family	$251	$21
Farmers	$251	$21
Country Financial	$268	$22
Nationwide	$279	$23
USAA	$154	$13

Tips for reducing renters insurance cost

Here are some tips to help reduce renters insurance costs in Reno:

Bundle insurance policies: If you have other insurance policies, such as car insurance, consider bundling them with the same insurer. Many insurers offer discounts for bundling in Reno.

Increase deductible: Opting for a higher deductible can lower your premium in Reno, but make sure you’re comfortable with the amount you’d pay out-of-pocket in case of a claim.

Choose the right coverage: Review your policy regularly to ensure you don’t have extra coverage. For example, you might not need as much coverage for personal property if you don’t own many valuables.

Avoid small claims: Filing too many small claims can increase your rates over time. Consider paying for minor damages out-of-pocket instead of claiming them through insurance.

Shop around: Don’t settle for the first quote you receive. Compare renters insurance quotes in Reno from multiple providers to find the best price for the coverage you need.

Final thoughts

Renters in Reno, NV should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Reno for $40,000 personal property coverage, $300,000 liability coverage, and a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.