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How to find affordable homeowners insurance in Omaha

Homeowners insurance is a critical element of homeownership. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the significant cost of replacing a home, a homeowners insurance policy is a solid investment. The typical homeowners insurance rate in Omaha, Nebraska is $269 per month. This is more than double the national average monthly cost of home insurance.

The cost of home insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Learn more information about what a home insurance policy covers.

If you want to find cheap homeowners insurance in Omaha, start with shopping around and comparing a variety of different policies. Take a look at the summary below showing average Omaha homeowners insurance costs to ensure you start your search with as much background info as possible. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating 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

 

Omaha home insurance by company

Omaha homeowners insurance rates will vary depending on which insurance company you choose. The cheapest home insurance in Omaha is Farmers offering average annual rates at just $2,364 per year. This is considerably cheaper than the city’s average homeowners premium of $3,228.

Begin your search for a home insurance policy by reviewing the best-priced home carriers in Omaha, Nebraska, listed below. Then, see our list of which home insurance companies ranked best for customer satisfaction

 
AFFORDABLE HOME INSURERS IN OMAHA
Company Average Annual Rate
Farmers $2,364
American Family $2,733
Allstate $2,839
Farm Bureau $3,448
State Farm $702

 

Omaha homeowners insurance prices by coverage level

The amount of home coverage you select has an impact on your insurance premiums. Homeowners in Omaha who carry $200K in dwelling coverage pay an average of $2,310 per year, while those with coverage up to $400K pay around $4,244 per year.

 
POPULAR COVERAGE LIMITS IN OMAHA
Coverage Level Average Annual Rate
$100,000 Dwelling $1,528
$200,000 Dwelling $2,310
$250,000 Dwelling $2,884
$400,000 Dwelling $4,244

 

Omaha home insurance rates by ZIP code

Depending on which part of Omaha you live in, you may see a big difference in your home insurance costs. 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.

If you're looking for the cheapest homeowners insurance premiums in Omaha, take at look at the 68138 ZIP code. In the 68138 area, homeowners coverage usually costs just $2,899 per year on average — a full $329 less than the Omaha average. The below table shows the best places to live in Omaha if you’re looking for affordable homeowners insurance.

 
AFFORDABLE HOME INSURANCE AREAS IN OMAHA
ZIP Code Average Annual Home Insurance Rate
68138 $2,899
68136 $2,926
68135 $3,062

On the other hand, some areas of Omaha face higher homeowners insurance costs, on average. Crime rates, fire risk, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for homeowners insurance in Omaha is 68182, with an annual average rate of $3,721.

 
EXPENSIVE HOME INSURANCE AREAS IN OMAHA
ZIP Code Average Annual Home Insurance Rate
68182 $3,721
68198 $3,692
68178 $3,570

 

Omaha homeowners insurance deductibles

Homeowners have a lot of choices to make when shopping for a policy, including how high or low to set their deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible that you decide on can impact your insurance rates directly.

When selecting a deductible, bear in mind that the higher your deductible is, the lower your premiums will be. Therefore, if you are wanting lower home insurance rates, you’ll want to keep your deductible higher. It's worth calling out that your deductible should only be as high as you can reasonably pay in the event of a loss.

Below you'll find some typical deductibles offered on most home policies as well as with corresponding average insurance rates.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN OMAHA
Deductible Level Average Annual Homeowners Insurance Rate
$500 $3,097
$1,000 $2,884
$1,500 $2,785
$2,000 $2,598
$5,000 $2,216
 

Home and auto insurance bundling in Omaha

You might want to consider purchasing your auto and homeowners policies through the same company if you are searching for the best overall prices. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Omaha could, in fact, lead to average annual savings of 15%.

 
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN OMAHA
Company Avg. Annual Auto Insurance Rate (With Bundle)
American Family $885
Iowa Farm Bureau $919
Nationwide $984
Farmers $1,064
Progressive $1,135

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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.