While some Reno, Nevada residents hightail to the casinos in their free time, a number prefer the parks, museums and golf courses. But no matter where you live in The Biggest Little City in the World, at the end of the day home is where your heart is. Your home shelters you from external factors that could inevitably harm your family, and you owe your home the same courtesy by protecting it with Reno insurance coverage.
In 2007 Nevadans paid an average of $695 for homeowners insurance, according to the Insurance Information Institute (I.I.I.). A homeowners insurance policy can pay to rebuild the structure of a home if it is destroyed as well as reimburse policyholders for living expenses while their house is under construction. It also includes liability insurance and coverage for personal possessions. Mortgage lenders require their customers to purchase homeowners insurance, but even if your home is paid off, it is vital you maintain coverage for your home as it will continue to cover what's possibly your biggest investment.
A Leg up for Leaseholders
According to the I.I.I., the average cost for renters insurance in Reno in 2007 was $201. A renters insurance policy has liability protection and can reimburse policyholders for stolen or damaged possessions, but it does not insure the structure of the house. This is the responsibility of the property owner. There are two types of renters insurance: actual cash value and replacement cost. They both pay to replace your possessions, but actual cash value deducts your payout for the depreciation of your belongings whereas replacement cost does not.
A Glimmer of Hope for Car Owners
While Reno barely shines a light on Sin City's motor vehicle theft quandary, it still gets its fair share of car stealing bandits. According to the National Insurance Crime Bureau, there were 1,051 motor vehicle thefts in the Reno-Sparks Metropolitan Statistical Area (MSA) and 10,706 in the Las Vegas-Paradise MSA in 2009. The I.I.I. reported that Nevadans spent an average of $1,006 for auto insurance in 2008. Vegas' motor vehicle theft problem contributes to Nevada's high-cost insurance average because cars that are regularly exposed to theft are more expensive to insure. While it's important Vegas dwellers find ways to save money on auto insurance, Reno residents could use a little help as well. So keep in mind that most auto insurance providers offer discounts to senior citizens, good students, and those who take a driver's safety course. You will also procure lower Reno insurance quotes if your car is outfitted with an anti-theft device or tracking device. If you're in the market for a new car, opt for a modest sedan instead of a sports car or SUV. Maintain a good credit score and a clean driving record and you will save money on your Reno insurance quotes to boot.
Hit the Jackpot
No matter what type of insurance you need, you can always find ways to save on your premium. For instance, by combining coverages with the same provider and opting for a higher deductible your Reno insurance quotes will immediately be reduced. But the best way to save on insurance is to shop around. By choosing an online quote provider like NetQuote you can get the results you desire without the hassle of calling individual Reno insurance providers on your own. Just enter your zip code, select the type of insurance you're interested in, click "get quotes," and within minutes Reno insurance quotes will begin to roll in.