National homeowners insurance premiums rose in most states over the last few years, and Nevada was part of that trend, so a Las Vegas buyer should get real insurance quotes before finalizing a budget. The good news is that the Las Vegas valley does not face the hurricane exposure that drives the worst increases elsewhere, but roof age, claims history and rebuild costs still move your premium.
Most buyers I work with focus on the mortgage payment and forget that insurance is part of the monthly number. Here is what the national reporting says and how I translate it locally.
What does the national data show about insurance premiums?
A January 2026 National Mortgage News article by Brad Finkelstein, drawing on Insurance.com premium data for 2023 to 2025, reported that premiums rose in 36 states and the District of Columbia, fell in 12 states and stayed flat in 3. The national average cited was $2,543. The biggest increases were in places like Louisiana and Michigan, and Florida, the most expensive state, saw premiums ease slightly from 2023 to 2025. The article also noted that analysts saw some reasons premiums could stabilize in 2026 and some risks, such as building-material tariffs, that could push repair costs up.
Did Nevada homeowners insurance go up too?
A 2024 Las Vegas Review-Journal report, republished by InsuranceNewsNet, cited an Insurance.com figure of a 7.5 percent rise in Nevada homeowners rates in 2023 and about 21 percent since 2018. The same story quoted the Nevada Independent Insurance Agents president saying individual policies had risen anywhere from 10 to 50 percent in a year depending on location and home. The causes cited were construction costs, inflation, insurer concerns about environmental risk and higher reinsurance costs. That is a few years old now, so treat it as direction, not today’s number.
What does this mean for a Las Vegas buyer?
| Factor | Why it matters on a Las Vegas purchase |
|---|---|
| Roof age | Insurers may charge more, limit roof coverage or decline older roofs. Ask for the roof’s age during your inspection period. |
| Home age and plumbing | Older homes with aging plumbing can be priced higher. |
| Claims history on the property | Prior claims can follow a property. Ask the seller about water or other claims. |
| Rebuild cost | Coverage is based on rebuild cost, not your purchase price, so construction costs matter. |
| Condo vs. house | HOA master policy coverage differs by community; ask what it covers. |
How should I budget for insurance before I make an offer?
- Get at least two or three quotes on the specific address, not a generic estimate.
- Ask each agent what roof age, plumbing and claims history they assumed.
- Add the premium to your payment, plus property taxes. Nevada’s tax cap is explained in our post on the 3 percent property tax cap.
- Do this before your inspection period ends, so a bad quote can still change your decision.
If you are weighing whether ownership beats renting right now, our renting vs. buying breakeven post walks through the monthly math.
Is insurance going to keep rising?
Nobody knows. Premiums depend on insurer losses, reinsurance costs and repair costs, and conditions differ by state. I would not build a budget on a hoped-for decrease. Build it on a real quote, and leave a cushion.
Sources: National Mortgage News, “Why homeowners insurance rates could stabilize in 2026” (Brad Finkelstein, January 2026); Las Vegas Review-Journal via InsuranceNewsNet (March 2024); Insurance.com premium data as cited by both.
If you are budgeting for a purchase and want help sanity-checking the full monthly number, reach out. No pressure, just a conversation.
Geoff Zahler | Broker/Owner, Zahler Properties