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.
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.
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
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
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
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.
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.
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.
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:
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
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.