Wellington, NV Home Insurance Quotes!
Did you know that shopping online for lower home insurance rates in Wellington, NV just got easier! At GetHomeInsuranceQuotes.com, we provide superior service when it comes to handling your insurance needs. We can shop the highly trusted carriers who have been in business for several decades and offer a branded household name that you can depend on and most of all trust. The best rates in your area are around $343 per year on average. Our licensed Wellington insurance consultants are here to help you compare multiple options and our professional service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 different insurance carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Wellington homeowners insurance package is best for you. Start your quote today by entering your zip code!
Wellington Demographics & Housing Facts
| Source | Value |
|---|---|
| Location: | Wellington, NV (LYON County) |
| Population: | 13,670 |
| Occupied Residents: | 6,270 |
| Average Real Estate Value Per Zip Code: | $233,300 |
The city of Wellington in Nevada is roughly around 13,670 residents in population size with 6,270 homes to be estimated within the city of Wellington. The average house value per zip code in Wellington, NV is $233,300. Understanding the market value of your home and which carrier is best suitable for you in terms of coverage and affordability is our job. Let our local experience of the Wellington home insurance market earn your business. Easily get quotes from us for free!
Homeowners Insurance in Wellington, NV
When our local Wellington agents discuss homeowners insurance with new customers, we work with them to clearly explain the additional ways for you to save time and money by discovering lower rates that are available to you. Our online shopping service for your home located in Wellington can save you hours of confusion and stress. It's important to understand that coverage to replace your home is key, so the right replacement cost matters due to the fluctuation of building cost in your area. Even existing customers in Wellington are increasing their coverage to make sure no surprises will fall on them if a major issue occurs. Residents of Wellington, NV can get cheaper rates around the $343 rate per year. On average, we are helping most customers in the $593 per year or the $49 per month range. Cheaper is not always better. For larger homes in Wellington, above the 3,000 square foot range, we are seeing rates much higher in the $893 per year because it will cost more to replace the home so a more expensive dwelling coverage is required to help protect the homeowner.
The average rates mentioned above for a standard homeowners insurance policy within the state of Nevada includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. We always explain the policy details to you and help you understand that if your home is in need of additional coverage because the area in which your home is located requires flood insurance then our agents will help you setup a flood insurance policy. This is one of the many policy details our agents will recognize when you request an online Wellington, NV homeowners insurance quote from us.
For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions.
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Average Rates Nearby Wellington
Are you looking for homeowners insurance in a city near Wellington? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Wellington, NV
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Wellington.
Wellington, NV Home Insurance Average Premiums
$343 /yr.
For the city of Wellington, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $343 /yr. |
| Average Coverage: | $593 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $893 /yr. |
What is the average home insurance cost for a home in Wellington, NV?
- • The average homeowners insurance premium paid annually for a home in Wellington is around $593 per year.
What does it cost on average per month for home insurance in Wellington, NV?
- • Homeowners in Wellington pay an average cost per month around $49.00 for insurance coverage.
Wellington, NV - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $480,751 | $468,784 |
| February | $477,076 | $477,916 |
| March | $476,658 | $489,099 |
| April | $478,006 | $499,572 |
Homeowners insurance will help cover the cost to repair or replace your Wellington home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Wellington
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Wellington, NV homeowners insurance rates all in one place! |
Saving Money Tips on Wellington Home Insurance
A great way to save money on Wellington homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Wellington area? Check out what homeowners are paying on average for Nevada homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 5089 ft. | This is the average home elevation in Wellington, NV | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Nevada flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Wellington, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Lyon County.
Nevada Homeowners Insurance News & Information
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
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Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024
One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]
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Are homeowners insurance companies increasing deductibles? Posted on Thursday 22nd August, 2024
This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket. As the cost of claims increases, particularly […]
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
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What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
Wellington, NV Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Wellington so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Wellington, NV?
- The average square footage in Wellington is around 1,318 Sq. Ft. which would cost you around $233,300 to replace the home if you base the home on the price to build per square foot of $177.
Minimum Replacement Cost Total: $233,300
Location: Wellington, Nevada (Lyon County)
Average Building Cost Per Square Foot in Wellington: $177 (low end)
Average Square Footage in Wellington: 1,318 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $177 | $233,300 |
| Some Additional Upgrades | $221 | $291,625 |
| Major Home Updates or Advancements | $266 | $349,950 |
The dwelling coverage is calculated by the average cost per square foot ($177) in Wellington, Nevada times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $553,125 (Media price to build of $221 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.