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Nebraska homeowners insurance: what you need to know

The average annual cost of home insurance in Nebraska is $3,547 or $296 per month. This places Nebraska among the most expensive states for homeowners insurance. While not required, homeowners insurance is important. The easiest way to acquire cheap home insurance in Nebraska is to shop around and compare rates from as many insurance companies as possible.

Unlike auto insurance, home insurance isn't priced based on state-level legislation. Even so, major differences exist in home insurance rates on a state-by-state basis. Policy prices by state differ based on the frequency of — and value of — home policy claims filed across the state, and depend on the price of the belongings and home you're insuring.

Get an idea of home insurance rates in Nebraska via the below breakdown. Remember: your rates may differ, depending on your coverage limits.

 
Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage
 

The cheapest home insurance companies in Nebraska

Homeowners insurance rates in Nebraska will vary based on the insurance company you select. Safeco offers the most affordable homeowners insurance in Nebraska — $2,451 each year. This compares favorably to the state's average cost of $3,547, providing a $1,096 price break on the state's average rate.

Start shopping for home insurance by reviewing the cheapest Nebraska insurance companies, listed below. Or, see our guide to the best home insurance companies based in part on the results of The Zebra's Customer Satisfaction Survey.

 
AFFORDABLE HOME INSURERS IN NEBRASKA
Insurance Company Average Yearly Rate in Nebraska
Safeco $2,451
Farmers $2,652
Travelers $2,712
State Farm $2,816
American Family $2,910
 
 

Nebraska home insurance prices by coverage levels

The level of homeowners coverage you select has an impact on your insurance premiums. In Nebraska, carrying $100K dwelling coverage costs an average of $1,586 per year, while carrying additional coverage up to $400K costs $4,375/year.

 
POPULAR COVERAGE LIMITS IN NEBRASKA
Coverage Level Average Annual Cost
$100,000 Dwelling $1,586
$200,000 Dwelling $2,529
$250,000 Dwelling $2,985
$400,000 Dwelling $4,375

  

Homeowners insurance deductibles in Nebraska

Homeowners face a number of choices when buying a policy, including how much their deductible should be. The deductible is the total dollar amount that the insured contributes toward a covered loss. The deductible level you choose can impact how much you pay in insurance premiums.

In general, choosing a lower deductible means that your insurance rates will be higher. This means that those looking for lower rates will want to consider a higher homeowners deductible. It's worth noting that a homeowners deductible should only be as high as you can reasonably pay in the event of a loss.

Have a look at may of the average deductibles offered by home insurance companies and an estimate of average homeowners insurance costs.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN NEBRASKA
Deductible Tier Average Annual Homeowners Insurance Rate
$500 $3,194
$1,000 $2,985
$1,500 $2,884
$2,000 $2,702
$5,000 $2,328

 

Nebraska homeowners insurance costs by city

Not all Nebraska cities have the same home insurance rates. Pricing depends on local factors such as the number of homeowners claims filed nearby, giving your ZIP code weight in deciding how much you pay.

The best home insurance rates in Nebraska are available in Lincoln. An average home insurance policy in Lincoln costs $2,561 annually — $987 less than the statewide average. The below cities have the most affordable homeowners insurance in Nebraska.

 
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN NEBRASKA
City Average 12-Month Home Insurance Rate
Lincoln $2,561
Papillion $2,833
La Vista $2,887
Bellevue $2,971
Nebraska City $2,985
 

Seeking information on homeowners insurance in a particular city? Check out our breakdown of major Nebraska cities:

 

Home and auto insurance bundling in Nebraska

To trim a few dollars from your insurance costs, consider holding your home and auto policies with the same insurance company. Bundling auto and home insurance in Nebraska can save you a substantial sum each month on auto insurance. In fact, bundling policies in Nebraska leads to average annual savings of $168.

 
HOME AND AUTO BUNDLING DISCOUNTS IN NEBRASKA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,272 $1,104 $168 15%
 

 

Nebraska homeowners insurance FAQs

 

Does Progressive insurance cover homes in Nebraska?

Yes - if you own a home in Nebraska, Progressive offers homeowners insurance in this state.

Is homeowners insurance required in Nebraska?

Homeowners insurance is not required by a legal mandate, but your mortgage will require it.

 


 

Natural disaster coverage in Nebraska

 

Does homeowners insurance cover tornadoes in Nebraska?

A tornado can hit without much warning. There isn't much that can be done to prepare and the outcomes can be devastating. As such, it's vital to insure your home against tornadoes in Nebraska, which averages 55 tornadoes per year.1

Tornado damage is usually the result of wind, so verify your current homeowners policy includes some form of windstorm coverage, a standard feature of any average homeowners policy.

Wind protection covers the exterior and overall structure of the building. Depending on your policy type, interior damage may only be covered when it's caused by exterior damage, like a tree branch breaking a window. Also covered are detached structures, usually up to 10% of the home’s insured amount. Please note that other damages resulting from the storm may not be covered. For instance, if your home is damaged from flooding that occurs from the same storm that produces the tornado, your home won't be covered unless you've previously added flood insurance to your policy.

 

Does homeowners insurance cover hail in Nebraska?

Depending on your location, hail can result in varying degrees of destruction to your property. In Nebraska, homeowners policies typically come with hail coverage to insure the structure of your home if it's damaged by a hailstorm.

If your home is located in an area at higher risk for hailstorms — such as Nebraska, which endured 309 incidents of hail in 20182 — it’s crucial to double-check the details of your insurance policy to see exactly what's covered and what's not — some insurance companies charge more expensive deductibles for hail-prone areas and make exclusions for cosmetic damage, so if your home is damaged but still functional even with aesthetic flaws caused by a hailstorm, your insurer will probably not cover the costs to repair it.

 

Does homeowners insurance cover flooding in Nebraska?

Flood damage — regardless of cause —is not covered by homeowners insurance policies. To insure your home against flood damage in Nebraska, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

 


 

Sources:

1NOAA'S National Weather Service

2Insurance Information Institute

 


 

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.