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How to find affordable homeowners insurance in Lincoln

Home insurance should be a critical consideration for every homeowner. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, homeowners coverage is a solid investment. The average homeowner in Lincoln, Nebraska pays $213 a month for home insurance.  This is almost double the national average monthly cost of home insurance.

The price of a homeowners insurance policy depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home can also influence how much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Discover more information about the specifics of home insurance coverage.

If you want to find cheaper home insurance coverage in Lincoln, start with shopping around and comparing different policies. Take a look at the summary below showing average home insurance rates in Lincoln to begin your homeowners insurance search with as much information as you can. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.

 
Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings

 

Lincoln home insurance by company

What you pay for homeowners insurance in Lincoln will depend on the insurance company you get your policy through. Metropolitan offers the most affordable home insurance in Lincoln while the city’s average homeowners premium is $2,561.

Have a look at the cheapest home insurance companies in Lincoln, Nebraska to find the right home policy for your needs. You can also check out our guide to the best homeowners insurers based on the results of The Zebra's Customer Satisfaction Survey.

 
AFFORDABLE HOME INSURERS IN LINCOLN
Company Average Annual Rate
Metropolitan $78,752
State Farm $106,244
Iowa Farm Bureau $116,809
American Family $118,995
Allstate $197,480

 

Lincoln homeowners insurance prices by coverage level

The level of home coverage you select has an impact on your insurance premiums. Homeowners in Lincoln who carry $200K in dwelling coverage pay an average of $1,855 per year, while those with coverage up to $400K pay around $3,362 per year.

 
POPULAR COVERAGE LIMITS IN LINCOLN
Coverage Level Average Annual Rate
$100K Dwelling $1,254
$200K Dwelling $1,855
$250K Dwelling $2,288
$400K Dwelling $3,362

 

Lincoln home insurance rates by ZIP code

Not every area of Lincoln has equal home insurance premiums. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the most affordable home insurance rates in Lincoln, look no further than 68506. In the 68506 area, homeowners coverage usually costs just $2,462 per year — a full $99 less than the Lincoln average. If you’re looking for the areas with the most affordable homeowners insurance rates in Lincoln, have a look at the table below.

 
AFFORDABLE HOME INSURANCE AREAS IN LINCOLN
ZIP Code Average Annual Home Insurance Rate
68506 $2,462
68510 $2,470
68526 $2,485

Other areas of Lincoln, however, face homeowners rates that are higher than the city average. These parts of town could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in Lincoln is 68532, where the average annual rate is $2,667.

 
EXPENSIVE HOME INSURANCE AREAS IN LINCOLN
ZIP Code Average Annual Home Insurance Rate
68532 $2,667
68524 $2,639
68528 $2,633

 

Lincoln homeowners insurance deductibles

Homeowners have a lot of choices to make when deciding on a homeowners policy, including how high or low to set their deductible. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. Where you set your deductible can play a large part in how much you pay for insurance.

Put simply, a higher deductible translates to cheaper insurance premiums. Therefore, you may want to think about setting a higher deductible if your are hoping to lock in lower home insurance premiums. It's worth remembering that your deductible should only be as high as you can reasonably pay if you actually suffer a loss.

The following chart reveals the average rates affiliated with most deductibles.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN LINCOLN
Deductible Level Average Annual Homeowners Insurance Rate
$500 $2,467
$1,000 $2,288
$1,500 $2,205
$2,000 $2,055
$5,000 $1,762
 

Home and auto insurance bundling in Lincoln

One way to save on insurance costs is to consider bundling your homeowners and auto insurance policies through the same company. Bundling home and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Lincoln could, in fact, lead to average annual savings of 6%.

 
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN LINCOLN
Company Avg. Annual Auto Insurance Rate (With Bundle)
GEICO $541
State Farm $552
North Carolina Farm Bureau $662
Erie $700
AmTrust NGH $769

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Kristine Lee photo
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a freelance copywriter for over five years. 

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, BadCredit.orgCar and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

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.