Lincoln Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Lincoln


Renters insurance is critical if you're renting a house or an apartment. It insures your dwelling — and the personal property within — against a variety of harms, such as vandalism, wind damage, theft, or fire. As these circumstances are fairly common, the affordability of a renters policy, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

Renters insurance premiums are dictated by myriad factors, including the age of your dwelling, the materials of which it’s made, your apartment’s geographic location, and the pricing strategies of your renters insurance company. In areas prone to events such as fire, lightning, wind, or hail, renters insurance policies may be more expensive to account for the extra risk.

The average annual price of renters insurance in Lincoln is $165.

Finding cheap renters insurance in Lincoln begins with shopping around and comparing policies. Consult our analysis of Lincoln renters insurance premiums to commence your purchase process with as much background info as possible. Note that rates will vary based on coverage limits and other factors.


Lincoln renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance costs in Lincoln — popular companies

Renters insurance rates in Lincoln, Nebraska depend on the insurance company providing the quote. For instance, Farm Bureau offers the cheapest renters insurance in Lincoln, at just $97 per year. This compares favorably to the city's typical renters insurance cost of $165, providing a $68 discount on the city's normal rates.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Lincoln.


AFFORDABLE RENTERS INSURANCE COMPANIES IN LINCOLN
CompanyAverage Annual Rate in Lincoln
Farm Bureau$97
State Farm$110
MetLife$125
Travelers$125
Safeco$139

Lincoln renters insurance pricing by coverage tier

Your renters insurance rates will vary depending on your coverage levels. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Lincoln, the average annual cost difference between these tiers is about $55. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Lincoln
$25K Property$138
$50K Property$192

How to save: bundle your renters and car insurance policies

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same insurance company. Bundling renters and car insurance in Lincoln can result in substantial savings. In fact, bundling policies in Lincoln leads to average auto insurance savings of $76. The auto insurer offering the most affordable rate with a renters bundle is Iowa Farm Bureau, followed by American Family and Nationwide.


CAR AND RENTERS INSURANCE BUNDLING DISCOUNTS IN LINCOLN
Annual Bundle SavingsBundle Savings %
$766.9%

Need renters insurance? Talk to an expert today.