Cheapest Nebraska Homeowners Insurance Quotes (2024)

Farmers offers some of the cheapest homeowners insurance policies in Nebraska, with annual premiums starting at $2,612.

Amy Beardsley
Written byAmy Beardsley
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Amy BeardsleyInsurance Writer
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  • 7+ years in personal finance and technology

Amy specializes in insurance and technology writing and has a talent for transforming complex topics into easy-to-understand stories.

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Ashley Cox
Edited byAshley Cox
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Ashley CoxSenior Managing Editor
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Andrew Huang
Data reviewed byAndrew Huang
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Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

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Updated March 22, 2024

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Nebraska homeowners face an average annual cost of $3,576 for home insurance with a $500 deductible and $300,000 in dwelling coverage, according to Insurify data. But the real challenge lies in balancing cost and coverage.

Nebraska’s harsh winters, heavy snowfall, and high occurrence of tornadoes are unique insurance challenges.[1] You must also consider the risk of flooding — particularly in the south and east — that standard homeowners insurance policies won’t cover.

Here’s what you should know about comparing quotes and finding the best homeowners insurance in Nebraska.

Quick Facts
  • As a Nebraska homeowner, you should consider add-on coverages, like flood insurance, to better protect your home.

  • Farmers, American Family, and Allstate offer some of the cheapest home insurance policies in Nebraska.

  • Nebraska’s average annual home insurance premium of $3,576 is roughly double the national average of $1,770 for the same deductible amount and dwelling coverage level.

Best home insurance companies in Nebraska

You have many options to protect your home in Nebraska. But the “best” homeowners insurance isn’t one size fits all. The type of home insurance that’s right for you depends on your situation and risks where you live.

Insurance CompanyIQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual PremiumBest for
Farmers4.2$2,612Cheapest rates
American Family4.3$2,721Flood insurance
Allstate4.1$2,744Older homes
Nationwide4.2$3,041Fixer-uppers
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1-to-5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Farmers

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
3.8
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$212/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$312/mo

Farmers Insurance is the state’s cheapest home insurance option and stands out with its Farmers Flex Personal Home policy. The plan lets you customize coverage with increased policy limits, upgraded roof coverage, emergency mortgage assistance, and more — so you’ll only pay for the coverage that you need.

If you own a residential property in Nebraska, you may also qualify for discounts. Savings to help lower your premiums include paperless billing, certain shingle types, newer construction, automatic gas and water shutoffs, and making payments in full and on time. Farmers also offers a 20% discount for bundling home and auto insurance.

Pros
  • Offers extended and guaranteed replacement cost options

  • Notable number of home insurance discounts available

  • Large nationwide network of Farmers agents

Cons
  • Not all discounts available in every state

Best insurer for flood insurance: American Family

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$224/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$321/mo

American Family offers flood coverage that safeguards your home and personal property against flood damages. The policy also provides temporary coverage for any items you move to another location due to flash flooding, temporary living expenses, and debris removal.

Flood insurance is crucial, considering Nebraska’s 2019 flood was its worst in 50 years — with more than 90% of the state declared a disaster. With American Family, you can get flood policy limits of $10,000$100,000 for peace of mind.

Pros
  • Fewer complaints than average on the NAIC National Complaint Index

  • Wide variety of coverage options

  • Generational discounts if parents have American Family coverage

Cons
  • Only available in 19 states

  • Android users experience app glitches

  • Restrictions on liability coverage for owners of certain dog breeds, like pit bulls, Dobermans, or Rottweilers

Best insurer for older homes: Allstate

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.2
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$266/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$331/mo

Allstate is the best home insurance in Nebraska for older homes. The company understands the unique challenges of aging properties, especially in a state where the average home age is 56 years.

Policies can include increased dwelling protection, which is crucial for homes with rare or expensive architectural elements. Additionally, Allstate offers replacement cost coverage that ensures your house is rebuilt to comply with current building codes.

Pros
  • Numerous discounts to help homeowners save

  • High customer satisfaction ratings

  • Doesn’t exclude certain dog breeds from coverage

Cons
  • No longer offering new home insurance policies in Florida

  • Not available in all ZIP codes

  • Doesn’t offer guaranteed or extended replacement cost coverage

Best insurer for fixer-uppers: Nationwide

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$253/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$382/mo

Nationwide is the best option for homeowners looking to transform fixer-uppers into dream homes. The company offers a home renovation credit that discounts premiums when updating a home’s plumbing, heating, cooling, or electrical systems.

Nationwide’s home purchase discount is another highlight. It offers savings for homes bought within the last year — an excellent option for the 22,178 residential properties sold in Nebraska in 2023.

Pros
  • Multiple discounts for homeowners and renters insurance

  • Intuitive online account management tools

  • Enhanced coverage through Nationwide Private Client, including temporary arrangements, service line, and equipment breakdown insurance

Cons
  • Doesn't provide homeowners coverage in Alaska, Hawaii, New Mexico, Louisiana, Florida, New Jersey, or Massachusetts

  • Doesn't cover mobile or manufactured homes

  • Slightly lower than average rating in J.D. Power's Overall Customer Satisfaction Index for homeowners insurance

Find Cheap Home Insurance in Nebraska

Annual premiums start as low as $2,612

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Cheapest home insurance in Nebraska

Farmers Insurance takes the lead as the cheapest homeowners insurance company in Nebraska. It caters to budget-conscious homeowners, striking a balance between cost and quality coverage for your house and personal belongings.

Take a look at some other affordable home insurance companies in Nebraska in the table below.

Insurance CompanyAverage Annual Premium
Farmers$2,612
American Family$2,721
Allstate$2,744
Nationwide$3,041
USAA$3,235
Foremost$3,279
Farmers Mutual Of Nebraska$3,718
Travelers$4,153
State Farm$4,479
Allied$4,537

Cost of homeowners insurance in Nebraska

The average cost of home insurance in the Cornhusker State is $3,576. But that figure can fluctuate based on several key factors. The location of your home is a primary factor that affects rates. Insurers consider crime rates in your area, your home’s proximity to emergency services like the fire department and police department, as well as water supply.

Good to Know

Other elements that determine your premium include your home’s value and construction type, the age of your property, the amount of coverage you purchase, your policy deductible, and available discounts.

Cost of homeowners insurance by dwelling coverage amount

Dwelling coverage is just one type of home insurance coverage your policy includes.[2] The level you choose directly affects your premium costs, with higher coverage limits leading to more expensive premiums.

But you don’t want to skimp on the amount — you may need it to cover repairing or rebuilding your house, its contents, and personal liability. You’ll need to balance the amount of coverage for your home’s value and potential risks with cost so you’re not underinsured or paying for more coverage than you need.

Coverage LimitAverage Annual Premium
$100,000$1,643
$200,000$2,581
$300,000$3,519
$400,000$4,540
$500,000$5,578

Cost of homeowners insurance by deductible

Your deductible is how much you’ll pay before your insurer steps in after a claim. A lower deductible can give you peace of mind for smaller incidents. But lower deductibles increase your monthly premiums since the insurance company bears more financial load if you file a claim.

If you push your deductible higher, you’re taking on a bigger slice of the financial responsibility. While a bigger deductible can shrink your premiums, you’ll pay more out of pocket when filing a claim.

The table below shows how your deductible amount can affect your yearly premium with $300,000 in dwelling coverage.

Deductible AmountAverage Annual Premium
$500$3,576
$1,000$3,519

How to get cheap homeowners insurance in Nebraska

With the right know-how and strategies, it’s possible to find a cheap home insurance policy in Nebraska that offers both the best coverage and premiums.

Here are some savvy strategies to reduce your home insurance rates without compromising on coverage:[3]

  • Opt for a higher deductible. Choosing a higher deductible can be more challenging because you’ll pay more out-of-pocket expenses during a claim, but it can lead to significant savings on your premiums. This approach requires you to consider balancing potential savings and the risk of higher immediate expenses. A higher deductible can be a good idea if you have some savings set aside for emergencies and want to lower your insurance costs.

  • Shop around. Each insurance company has a unique formula for calculating premiums, which can mean a significant difference in quotes between companies. Take the time to compare rates from different insurers to ensure you get the best deal. Remember to look beyond the price to examine coverage details, customer satisfaction, and claim-processing timelines.

  • Avoid filing small claims. Filing frequent claims, even for minor issues, can label you as a higher-risk customer, leading to increased premiums. Consider handling the repair yourself if the cost is only slightly more than your deductible to keep your claim history cleaner and premiums more stable.

  • Limit risky items. High-risk items like swimming pools, trampolines, and playground equipment can skyrocket your premiums due to increased liability risks. Consider the true cost of these features, not just in maintenance but also in insurance premiums. Sometimes, foregoing or letting go of these things can lead to more affordable insurance.

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How much homeowners insurance do you need in Nebraska?

Figuring out the right amount of homeowners insurance in Nebraska is all about being prepared for every scenario. If you’re financing your home with a mortgage, your lender will require a certain level of insurance. But beyond this, the extent of coverage you need depends on various factors unique to your home and lifestyle.

Important Information

You must understand exactly what your homeowners policy covers — and what it doesn’t — so you’re not caught off guard in times of need. For instance, does your insurance policy cover potential Nebraska-specific risks like floods, tornadoes, and wildfires? Are high-value personal items like jewelry and antiques fully covered? If you’re not sure how much coverage you need, an insurance agent can help.

What are some of the biggest risks when owning a home in Nebraska?

As a Nebraska homeowner, you’re not just investing in a property but also bracing for the state’s natural challenges. You must look beyond the average cost of homeowners insurance to understand the coverage you need for the risks you’ll encounter.

Here’s a rundown of some common home insurance risks in Nebraska and how to make sure your insurance protects you:

  • illustration card https://a.storyblok.com/f/162273/150x150/56dd10ca36/climate-change-96x96-yellow_013-flood.svg

    Floods

    Nebraska’s geography, especially in the southern and eastern regions, makes flooding a real risk for homeowners. Standard homeowners policies typically don’t cover flood damage. You’ll need separate flood insurance from a private company or the National Flood Insurance Program (NFIP), which the federal government manages.

  • illustration card https://a.storyblok.com/f/162273/150x150/d2251ba1fd/weather-96x96-blue_018-tornado.svg

    Tornadoes

    As part of Tornado Alley, Nebraska homes are vulnerable to these destructive storms.[4] The good news is that most homeowners policies include coverage for tornado and windstorm damage. But reviewing your policy limits is crucial to ensure they’re enough to cover repair or replacement.

  • illustration card https://a.storyblok.com/f/162273/150x150/5e065b4f7e/global-warming-96x96-green_010-global-warming.svg

    Wildfires

    Wildfires are a growing concern, thanks to record-breaking heat and drought conditions throughout the state.[5] Although standard homeowners insurance typically covers property damage from wildfires, confirming your coverage and understanding the policy limits is important, considering the potential for total property loss.

Nebraska homeowners insurance FAQs

Check out the additional information below as you research your home insurance options in Nebraska.

  • How much is home insurance in Nebraska?

    Home insurance in Nebraska costs an average of $3,519 per year with a $1,000 deductible and $300,000 in dwelling coverage. That average rate increases slightly to $3,576 per year with a $500 deductible and $300,000 in dwelling coverage, according to Insurify data.

  • Which company has the cheapest homeowners insurance in Nebraska?

    Farmers has the cheapest homeowners insurance in Nebraska, with an average annual premium of $2,612. But the cheapest home insurance company for you will depend on many factors, including the age of your home, ZIP code, and your previous claims history.

  • Does Nebraska require homeowners insurance?

    No. While home insurance isn’t required by law, your lender will require you to get coverage if you have a mortgage on your home.

    Even if you’ve paid off your home, it’s still a good idea to have home insurance. Without a home insurance policy in place, you’d be responsible for covering any damages to your home out of pocket.

  • Why is home insurance so high in Nebraska?

    Nebraska is prone to harsh winters, as well as tornadoes and flooding, that can cause a lot of damage to your home. Insurance companies charge more in higher-risk areas to account for the increased risk of you filing a claim.

Sources

  1. Nebraska Emergency Management Agency. "Nebraska Hazards."
  2. Insurance Information Institute. "What is covered by standard homeowners insurance?."
  3. Insurance Information Institute. "How to save money on your homeowners insurance."
  4. National Weather Service. "Nebraska Tornado Information."
  5. Nebraska Forest Service. "An Active Season."
Amy Beardsley
Amy BeardsleyInsurance Writer

Amy is a personal finance and technology writer. With a background in the legal field and a bachelor's degree from Ferris State University, she has a talent for transforming complex topics into content that’s easy to understand. Connect with Amy on LinkedIn.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

Featured in

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Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

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