The average cost of home insurance in Nebraska is $285 per month, or $3,420 per year. You have many quality home insurers to choose from in Nebraska, including Nationwide, Stillwater, and Liberty Mutual.
Purchasing a home insurance policy helps cover damage to your home, including from severe weather, like winter storms, floods, and tornadoes. During warmer months in the year, Nebraska faces potentially severe thunderstorms and tornadoes that can produce intense winds and hail. Nebraska, located in an area with moderate seismicity, is also prone to regular small earthquakes.
Table of contents
- Best home insurance companies in Nebraska
- How much is homeowners insurance in Nebraska?
- What are the cheapest home insurance companies in Nebraska?
- How much homeowners insurance do you need in Nebraska?
- What are some of the biggest risks when owning a home in Nebraska?
- How can you save money on homeowners insurance in Nebraska?
- Average home replacement cost in Nebraska
- Nebraska home insurance FAQs
Best home insurance companies in Nebraska
A number of reputable home insurance companies serve homeowners in the Cornhusker State. Your unique living circumstances, financial situation, and insurance needs will determine the right provider for you, but a number of home insurers stand out from the rest.
Best large insurer: Nationwide
Average monthly cost: $268
Based in Columbus, Ohio, and founded in 1926, Nationwide is one of the largest insurance companies in the country. The company offers standard home insurance coverage as well as optional policy add-ons, such as identity theft protection, water backup coverage, earthquake insurance, and flood insurance. Nationwide received 816 out of 1,000 points from J.D. Power, earning a slightly below-average overall customer satisfaction index rating.
Many optional policy add-ons
Local agents available
No coverage for mobile and manufactured homes
Below-average customer service ratings
Doesn’t have 24/7 customer service
Best insurer for cheap rates: Stillwater
Average monthly cost: $197
Previously known as the Fidelity National Property and Casualty Insurance Group, Stillwater was founded in 2000 as a branch of Fidelity National Financial — which provides commercial and residential title and mortgage services. It offers low home insurance rates, a variety of discounts, and many coverage add-ons. And the company offers convenient online quotes.
Numerous available add-ons
Financial strength ratings can be higher
Newer than other home insurance providers
Doesn’t offer life insurance
Best insurer for flood coverage: Liberty Mutual
Average monthly cost: $270
Around since 1912, Liberty Mutual is one of the oldest U.S. home insurance companies in business. It offers standard home insurance coverage as well as flood insurance, which it sells in partnership with the National Flood Insurance Program. Liberty Mutual received 805 out of 1,000 points from J.D. Power, earning a below-average customer satisfaction index rating.
Flood coverage available
Online claims process
Plenty of discounts
Lower customer satisfaction ratings
Online quotes not always available
Premiums can be high
Best insurer for high-value homes: Safeco
Average monthly cost: $593
Safeco was founded in 1923 and acquired by Liberty Mutual in 2008. In addition to standard home insurance, Safeco provides valuable articles coverage — which may be beneficial for high-value homes — equipment breakdown coverage, and other optional add-ons. Safeco earned a below-average customer satisfaction index rating from J.D. Power, with a score of 809 out of 1,000 points.
Online claims process
Many coverage add-ons
Local agents available
Fewer discounts than other providers
Limited coverage information online
Best regional insurance company: Nia Insurance Agency Inc.
Nia Insurance Agency Inc. is a small insurance company based in Omaha, Nebraska. Its home insurance coverages include dwelling coverage, personal property, liability, medical expenses, and living expenses. The company also offers high-value home coverage and rental dwelling coverage.
Can request a quote online
Offers other types of insurance, such as car and condo insurance
Educational resources online
Only services Omaha
Complaints about long response times
May receive better rates through larger home insurance companies
Insurify’s team of data scientists analyzes millions of home insurance quotes and weighs publicly available reviews, claim payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.
Read More: Compare Home Insurance Quotes and Rates
How much is homeowners insurance in Nebraska?
Several factors affect your home insurance rates in Nebraska, such as:
Location: The location of your home plays a vital role in your home insurance premiums. If you live in an area prone to flooding, for example, you can expect higher rates. Home insurance companies will look at your Nebraska ZIP code when they determine your home insurance costs.
Replacement cost: Replacement cost refers to how much it would cost to rebuild your home with similar materials. The age of your home, as well as its style and square footage, all affect this figure.
Construction type: The material your home is made of can also influence your premiums. A wood-frame house, for example, typically costs more to insure than a brick house because it can’t withstand or minimize loss from fires and other perils as well as brick can.
How your policy choices affect home insurance rates in Nebraska
The decisions you make around your actual home insurance coverage, including your policy form, coverage level, and deductible, all affect your home insurance rates in Nebraska.
Your policy form
An HO-3, or special form policy, is the most common home insurance form. It covers repairs if your home gets damaged by certain perils or events. Covered perils include fire and smoke, lightning, windstorms and hail, explosion, vandalism, vehicle damage, theft, falling objects, the weight of ice, snow, and sleet, and water damage.
You may also want to consider HO-1 and HO-2 policies. An HO-1 policy covers 10 perils, and an HO-2 policy only covers the 16 specific perils outlined on the policy. Make sure you understand which perils are covered before you commit to a home insurance policy.
Your coverage level
The higher your home insurance coverage amount, the more you’ll pay for your home insurance premiums. Lower coverage will result in more affordable rates. If you want to reduce out-of-pocket expenses after a home insurance claim, you may want to invest in higher coverage.
|Average Annual Quote
The deductible is how much you’ll have to pay out of pocket after a covered claim before your home insurance provider takes care of the rest. Your deductible is not your premium, which you’ll be responsible for regardless of whether you file a claim. Setting a higher deductible will result in lower premiums, but make sure you budget for the greater out-of-pocket deductible costs.
How location affects home insurance rates in Nebraska
Home insurance quotes vary by ZIP code. Some areas in Nebraska may have higher home insurance premiums than others due to the likelihood of extreme weather conditions, like flooding. In addition, urban areas tend to have more expensive home insurance costs than rural areas with smaller populations.
|Average Monthly Quote
What are the cheapest home insurance companies in Nebraska?
Stillwater, Travelers, and Hippo offer the cheapest home insurance quotes in Nebraska. The state average is $285 per month, but these companies offer policies for a monthly average of $197, $233, and $236, respectively. Your specific coverage needs may lead to higher quotes.
|Average Monthly Quote
|Midvale Home & Auto
How much homeowners insurance do you need in Nebraska?
If you purchase your home with a mortgage, your mortgage lender will likely require you to have home insurance. Before you invest in a policy, however, make sure you understand exactly what it covers so you can avoid unwanted financial surprises due to uncovered damages.
Home insurance policies can vary widely. Before you choose a policy, think about how much it would cost to rebuild your home and replace your personal belongings, and learn your lender’s minimum requirements if you have a mortgage.
Also, if you live in an area that’s susceptible to flooding or other extreme weather conditions, purchasing optional coverage will provide more protection. You should get quotes from at least three different companies before you make a decision.
Read More: How Much Homeowners Insurance Do You Need?
What home insurance coverages should you buy in Nebraska?
The standard parts of a home insurance policy include:
Dwelling coverage: This covers the physical structure of your home, including your roof, stairs, walls, fixed carpeting, attached structures, and other permanent features. Dwelling coverage usually only covers damages from natural disasters.
Other structures coverage: When a covered peril causes damage, this coverage protects unattached structures on your property, including fences, detached garages, and sheds.
Personal property coverage: This covers your personal belongings, like furniture, clothing, electronics, and appliances, if they’re stolen or damaged. It even includes off-premises coverage.
Loss of use coverage: Loss of use coverage pays for extra living expenses you might face when covered damages and corresponding repairs make your home temporarily uninhabitable. These expenses may be for lodging, restaurant meals, property storage, and parking fees.
Personal liability coverage: This coverage protects you from the financial losses you might incur from lawsuits related to property damage or bodily injury you cause. If someone slips on your property or your dog bites someone, this coverage will be useful.
Medical payments coverage: This pays for medical bills after someone gets hurt on your property, but it won’t cover the costs of someone suing you.
What optional home insurance coverages should you buy in Nebraska?
Depending on how you tolerate risk and where you live in Nebraska, you may want to invest in optional home insurance coverages, such as:
Water backup coverage: Also known as sewer backup coverage or escape of water coverage, water backup coverage can cover water damage that results from sump pump failures and sewer backups. It’s worth considering if you have a sump pump.
Blanket jewelry coverage: This coverage provides protection for multiple pieces of jewelry. It doesn’t always require appraisals, and each piece of jewelry usually has a sublimit.
Home-based business insurance: If you run a business out of your home, home-based business insurance can protect your business assets, like computers and equipment.
What are some of the biggest risks when owning a home in Nebraska?
Some common perils of owning a home in Nebraska include:
Winter storms: Nebraska winters can be harsh and take a toll on the exterior and interior of your home. Home insurance typically covers winter storm damage, but some exclusions may apply.
Flooding: Nebraska residents also commonly experience flooding. Standard home insurance policies don’t include flood insurance, but you can purchase it through the National Flood Insurance Program or from some private insurers.
How can you save money on homeowners insurance in Nebraska?
These tips can help you lower your home insurance costs in the Cornhusker State.
Bundle home and auto insurance
If you also need car insurance, you can save money by bundling your home insurance with your auto insurance. Most major providers offer bundling discounts that allow you to save on both policies.
Look for discounts
Almost every home insurance company offers discounts. You may earn one or more discounts if you invest in a newer roof, install certain safety devices, or show customer loyalty. Providers typically list discounts on their websites, but you can inquire with agents as well.
Increase your deductible
If you raise your deductible, the amount you pay out of pocket for a covered claim, you can save a lot on your premiums. However, if you do decide to increase your deductible, make sure you can comfortably afford the higher out-of-pocket costs if you need to file a claim.
Review your policy often
Your home insurance needs depend on your home and financials, and they’ll change over the years. Review your coverage often to decide whether it still makes sense for your situation. Otherwise, you may be paying more than you need to or missing out on important coverage.
Be cautious when making claims
If you make a large number of home insurance claims, companies may view you as a high-risk customer and charge higher premiums as a result. You might even deal with cancellation, depending on the provider. If you have a minor claim and can afford to cover the cost out of pocket, it could save you money in the long run.
Shop around and get quotes from at least three different home insurance companies. You’ll find that coverage options and rates vary greatly by provider. Comparison shopping helps prevent you from overpaying for your policy.
Average home replacement cost in Nebraska
The rebuild cost or replacement cost is the amount of money it will take to rebuild your home with similar building materials. It depends on factors such as your roofing materials, interior features, flooring, exterior features, home’s age, and building codes. The more your home costs to rebuild, the higher your premiums will be. The table below shows average rebuild costs in a few Nebraska cities.
|Average Home Value
Nebraska home insurance FAQs
Here are answers to several common questions about home insurance in Nebraska.
Home insurance in Nebraska costs an average of $285 per month. The insurance company you choose, as well as your location, deductible, and roofing type, can all play a role in your premium. Secondary coverages will also increase your rate.
Home insurance in Nebraska costs a bit more than in other states. This cost difference likely exists because of extreme weather conditions, such as winter storms and flooding. Highly populated cities, such as Omaha, may also contribute to the higher premiums.
Nebraska home insurance policies usually include three basic levels of coverage. Actual cash value reimburses you for the value of your damaged property minus the cost of depreciation. Replacement cost will replace damaged items with similar, new items without deducting for depreciation. Extended replacement cost is an optional add-on that can extend your dwelling coverage by 10% to 50% of the cost of rebuilding your home.
Though Nebraska doesn’t legally require home insurance, your mortgage company will probably require you to have it. Even if you don’t have a mortgage, home insurance will protect you against high out-of-pocket costs for events outside of your control, like floods and winter storms.
The largest home insurance companies in Nebraska are Nationwide, Liberty Mutual, and Travelers.
- University of Nebraska Medical Center. "Natural Hazards." Accessed March 7, 2023
- J.D. Power. "Bundle Fumble? Rising Auto Insurance Premiums are Killing Home Bundles, J.D. Power Finds." Accessed March 7, 2023
- Insurance Information Institute. "Are there different types of policies?." Accessed March 7, 2023
- University of Nebraska-Lincoln. "Nebraska Monthly Tornadoes." Accessed March 8, 2023
- Insurance Information Institute. "What is covered by standard homeowners insurance?." Accessed March 8, 2023
- Insurance Information Institute. "Can I own a home without homeowners insurance?." Accessed March 8, 2023
Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.