Best homeowners insurance in Nebraska for 2022

We looked at policy cost, coverage quality, and unique policy offerings for Nebraska residents to find the best homeowners insurance companies in Nebraska.

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Jessica Olivo

Jessica Olivo

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Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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Homeowners insurance in Nebraska may be expensive, but nearly year-round threats of natural disasters — from tornadoes and lightning storms to heavy snowfall — make a good policy worth the price tag. 

The average cost of homeowners insurance in Nebraska is $4,567 per year or $381 a month. This is around 140% higher than the national average of $1,899. 

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But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Nebraska.  

Best homeowners insurance companies in Nebraska

Of the companies we looked at, American Family had the lowest home insurance rate in Nebraska, with an average yearly cost of $1,916 — $2,651 less than the statewide average. 

American Family also scored highly for customer and claims satisfaction with J.D. Power, along with both State Farm and Nationwide.

Policygenius analyzed thousands of quotes from the 5 largest Nebraska insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Nebraska residents to find the best homeowners insurance in Nebraska.

Company

Average yearly cost

J.D. Power Rating

State Farm

$4,052

835

Farmers Mutual of Nebraska

$2,708

--

American Family

$1,916

831

Farm Bureau Insurance

$3,738

--

Nationwide

$5,382

812

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

One reason for State Farm’s high customer satisfaction ratings with J.D. Power is its plethora of online resources, which are a useful asset to new homebuyers with minimal understanding of how home insurance works. Additionally, State Farm gives customers the convenience of filing claims online, through its mobile app, over the phone, or in person. Customers can also upload photos directly from the mobile app, adding an extra level of efficiency to the process.

How to get a quote

Online through State Farm

Farmers Mutual of Nebraska

Farmers Mutual of Nebraska logo

Farmers Mutual of Nebraska offers excellent homeowners insurance policy add-ons, including increased replacement cost coverage for both your home and personal belongings to ensure you're fully protected.

Pros

  • Offers optional increased dwelling, replacement cost personal property, and earthquake coverage

  • Competitive discounts for owning a home less than 15 years old, paying off your mortgage, having a newish roof, and more

  • Positive customer service reviews and few customer complaints

  • File claims online

Cons

  • Doesn't offer a preferred contractor network — meaning you're on your own to schedule repairs after a covered loss

Why Farmers Mutual of Nebraska tops our best list

Farmers Mutual of Nebraska offers many ways for customers to save money on home insurance, including discounts for not having a mortgage on your house, having an impact-resistant roof, or if your home is less than 15 years old. Farmers Mutual of Nebraska also has options for higher deductibles, which can bring down your premium.

How to get a quote

By calling a Farmers Mutual of Nebraska agent

American Family

American Family logo

American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.

Pros

  • Unique coverage add-ons, like matching siding insurance and hidden water damage coverage

  • Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together

  • Earn a $100 credit toward your deductible for ever year you go without filing a claim

  • File claims online or on its mobile app — with 24/7 claims support

Cons

  • Doesn't offer extended or guaranteed replacement cost coverage

  • Above-average customer complaints according to the NAIC

Why American Family tops our best list

The MyAmFam mobile app offered by American Family allows customers fast, easy access to your homeowners insurance policy whenever you need it. From your phone or tablet, you can view your policy and ID cards, make a payment, and track your claim status. 

How to get a quote

Online through American Family

Farm Bureau Insurance

Farm Bureau Insurance logo

Farm Bureau Insurance offers solid coverage options, a slew of insurance products, a one-deductible perk for bundling your home and auto policies together, and exceptional customer service.

Pros

  • Offers a slew of insurance products on top of home insurance — including auto, life, and farm insurance — to keep all of your policies with one company

  • High-quality coverage add-ons, including extended replacement cost and equipment breakdown coverage

  • Score discounts for having a new home or roof, installing safety devices, and being a loyal customer

  • Pay just one deductible if your home and car are damaged in the same incident and you bundle your policies

  • Industry-best customer service ratings

  • Low rate of customer complaints

Cons

  • Farm Bureau membership is required for coverage

  • Minimal information about coverage offerings available online

Why Farm Bureau Insurance tops our best list

If you own one of the almost 45,000 farms and ranches in the state of Nebraska, you can enjoy the convenience of having your homeowners and farm insurance with the same company. Farm Bureau Insurance not only protects your home, but they offer coverage for your farm’s property and any structures on it as well. A Farm Bureau rep will even come out for an on-site review to make sure your farm or ranch is fully covered. 

How to get a quote

By calling Farm Bureau Insurance

Nationwide

Nationwide logo

Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.

Pros

  • Offers lots of coverage add-ons, including flood and earthquake insurance

  • Option to rebuild roof with stronger, safer materials after a covered loss

  • Score discounts for living in a gated community, making home renovations, having a newer roof, and more

  • Seamlessly submit claims online or through its mobile app

  • Above-average claims satisfaction rating

Cons

  • Below-average customer satisfaction ratings

  • Water backup coverage is more expensive than with other insurers

Why Nationwide tops our best list

Nationwide’s basic home insurance policy includes coverage that protects you from unauthorized purchases if your credit card is stolen. You’re also covered against forged checks and counterfeit money.  

How to get a quote

Online through Policygenius or Nationwide

Cheapest homeowners insurance companies by city in Nebraska

Looking at average home insurance costs for the 15 most popular insurers in Nebraska, we found that the cheapest homeowners insurance companies in the state are American Family and Allstate. While American Family has the cheapest rates in most of Nebraska, including its largest state Omaha, Allstate has the cheapest rate in the state capital of Lincoln.  

Home insurance rates depend largely on the size, age, and value of your home. Older homes are more expensive to insure because they are less sturdy and may require outdated materials to make repairs. Large homes and high-value homes will also need more expensive repairs and cost more to rebuild. In Nebraska, the high risk of severe weather also drives up the cost of home insurance. 

City

Company

Average yearly cost

Abie

American Family

$1,899

Albion

American Family

$1,998

Alda

American Family

$2,125

Alexandria

American Family

$2,168

Allen

American Family

$1,789

Alliance

American Family

$1,583

Alvo

Allstate

$1,487

Amelia

American Family

$1,848

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Shopping for homeowners insurance in Nebraska

When shopping for homeowners insurance in Nebraska, you may want to consider a policy with a company that offers extended dwelling coverage options to safeguard your house against tornado or severe storm damage.

In this section, we break down the average annual home insurance rates in Nebraska for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Nebraska.

Nebraska home insurance costs by coverage amounts

Dwelling coverage is the part of your home insurance that pays to repair or rebuild your home. Your dwelling coverage coverage limit should be based on your home’s replacement cost, not its market value or the price you paid for it. 

In Nebraska, a policy with $200,000 in dwelling coverage costs $3,485 per year, while a policy with $300,000 in coverage has an average yearly cost of $4,567 — a difference of over a thousand dollars.

Dwelling coverage amount

Average yearly cost

$100,000

$2,321

$200,000

$3,485

$300,000

$4,567

$400,000

$5,592

$500,000

$6,607

Liability coverage covers expensive medical or legal bills in the event you’re legally responsible for someone’s injury. Your liability coverage limit should be high enough to cover the combined value of your assets, such as your house, your car and other vehicles, your savings, and other liquid assets.

Liability coverage amount

Average yearly cost

$100,000

$4,714

$200,000

$4,323

$300,000

$4,567

$400,000

$5,385

$500,000

$4,544

Nebraska home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you have to pay towards your insurer before they’ll reimburse you for a claim. Since you have to pay this amount for every claim you file, be sure not to choose a deductible that’ll be too high to pay out of pocket in the event your house is damaged or burglarized.

As seen in the table below, Nebraska residents can save around $584 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$5,146

$1,000

$4,567

$2,000

$4,562

Home insurance discounts in Nebraska

Insurance companies often offer discounts if you install protective devices in your home as an incentive for making your house safer. By adding a smoke detector, burglar alarm or deadbolt lock, you are less likely to file a claim due to a fire or a break in, which reduces costs for your insurer, too.

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Nebraska with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$4,566

Smoke alarm

$4,558

Burglar alarm

$4,525

Home insurance companies in Nebraska for dog owners

Owners of certaindog breeds may see higher home insurance rates, as these breeds are more likely to be responsible for bite-related liability claims. 

With an average rate of $1,926 per year, American Family has the cheapest home insurance rates in Nebraska for a home with a dangerous dog breed, while Nationwide’s average yearly premium of $5,382 is the highest. 

Company

Average yearly cost

American Family

$1,926

Farmers Mutual of Nebraska

$2,708

Farm Bureau Insurance

$3,738

State Farm

$4,052

Nationwide

$5,382

Home insurance companies in Nebraska for poor credit

Your credit score is an indicator to home insurance companies of how risky you are to insure. By looking at your credit history, insurers can determine if you are more likely to file a claim or pay your bills on time. Because of this, insurers will often charge higher rates to customers with poor credit.

With an average rate of $2,772 per year, American Family has the cheapest home insurance rates in Nebraska  for a homeowner with poor credit, while State Farm’s average yearly premium of $6,968 is the highest. 

Company

Average yearly cost

American Family

$2,772

Farmers Mutual of Nebraska

$3,210

Farm Bureau Insurance

$4,991

Nationwide

$6,317

State Farm

$6,968

Home insurance companies in Nebraska for pool owners

You may also see higher home insurance rates if you have a pool on your property, as insurers consider pools to be an injury and liability risk.

With an average rate of $1,924 per year, American Family has the cheapest home insurance rates for Nebraska  homes that have a swimming pool, while Nationwide’s average yearly premium of $5,382 is the most expensive.

Company

Average yearly cost

American Family

$1,924

Farmers Mutual of Nebraska

$2,708

Farm Bureau Insurance

$3,738

State Farm

$4,052

Nationwide

$5,382

How to buy homeowners insurance in Nebraska

Finding the right home insurance is a matter of getting the coverage you need for a fair price. Here are some steps for shopping for home insurance in Nebraska:

  1. Reach out to a licensed Policygenius agent. If you have questions about how much or what type of coverage you need, a Policygenius agent can help.

  2. Consider purchasing flood insurance. Floods can cause major damage to your home even when you’re not in a flood zone. Ask a Policygenius about your options for flood insurance.

  3. Figure out how much you can afford to pay for your deductible. Even though a higher deductible can lower your premium, it won’t save you much money if you have to file multiple claims in a short period of time. Be sure you're choosing a deductible you can afford to pay out of pocket. 

  4. Compare quotes from a Policygenius agent. A Policygenius agent can help you compare quotes from different companies to determine which policy offers the best coverage for the most affordable price.

  5. Choose your policy, sign it, and pay your first premium. Once you’ve chosen your policy, a Policygenius agent can take care of the rest. 

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Frequently asked questions

What is the average cost of homeowners insurance in Nebraska?

The average cost of homeowners insurance in Nebraska is $4,567 per year or $381 a month.

Why do home insurance companies ask about trampolines?

Trampolines can increase the likelihood for injuries on your property, which can lead to liability claims. Because of this, insurance companies tend to charge higher rates to homeowners with trampolines in their yards.

What are some things that affect your homeowners insurance cost?

The cost of your homeowners insurance is based on several factors. The age, size, and value of your house all determine the cost to repair or rebuild it and will affect yhour premiums. Where you live is an important factor, too. Areas with high crime or frequent storms or flooding will often see higher premiums. Insurance companies also charge more for customers with poor credit, swimming pools, and even certain dog breeds.

How can I reduce the cost of homeowners insurance?

Most insurance companies offer a variety of discounts that can bring down the cost of your premium. Choosing a higher deductible can also reduce your home insurance rate. One of the best things you can do to make sure you’re getting the most affordable rate is to shop around and compare quotes from several cmopanies.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.