In the state of Nebraska, about 66% of residents own their home. That’s right around the national average homeownership rate of nearly 64%. Homes in Nebraska are susceptible to damage from tornadoes, floods and even blizzards, so having home insurance is essential.
Before you purchase a home insurance policy, it’s important to do some research. Think about how much coverage you need based on the rebuild cost of your home and your personal items. You should also look into endorsement policies and determine what deductible you can afford.
The top home insurance companies in Nebraska
Every home insurance company has pros and cons. To help you find an insurance provider that fits your needs and budget, we put together a list of the best Nebraska home insurance companies.
- Amica — Amica is known for offering exceptional customer service, customizable policy options and a seamless claims process for Nebraska homeowners. Amica also sells auto, life, renters, flood, retirement, marine, motorcycle, business insurance and more.
- State Farm — State Farm provides reliable homeowners insurance with a wide range of discounts that help Nebraska residents save money on their premiums. State Farm also sells health, life, disability, liability, business and identity restoration insurance.
- Auto-Owners — Auto-Owners is known for selling comprehensive endorsement policies to give Nebraska homes and homeowners added protection for peace of mind. Auto-Owners also sells auto, life and business insurance.
- Nebraska Farm Bureau — Nebraska Farm Bureau members can get home insurance through Farm Bureau Financial Services, which helps to support Nebraska’s agriculture. Members can also purchase health, renters, condo, mobile home and umbrella insurance.
These Nebraska home insurance providers were rated highly in J.D. Power’s 2019 U.S. Home Insurance Study. We evaluated each provider based on their average premium cost, discounts, coverage options, customer service and financial strength. We also looked at their ratings from AM Best and the BBB.
|J.D. Power||AM Best||BBB|
|State Farm||5/5 stars||A++||A+|
|NE Farm Bureau||N/A||N/A||N/A|
Average homeowners insurance cost in Nebraska
In Nebraska, the average cost of homeowners insurance is $1,481 per year, which is higher than the U.S. national average of $1,211. However, home insurance quotes are very personalized. The rate you’ll pay depends on the age of your home, the city you live in, the size of your home, your credit score and much more.
We received sample quotes from a few Nebraska home insurance providers on our list. These quotes are for a 27-year-old single female who lives in Bennington, NE. The policy is for a home that costs roughly $350,000 with $300,000 in liability coverage.
- Amica — $1,870 per year
- State Farm — State Farm requires a social security number to get a quote
- Auto-Owners — Contact an agent for a quote
- Nebraska Farm Bureau — Must be a member to get a quote
In the table below, you can see how the average cost of home insurance in Nebraska compares to neighboring states:
Nebraska and Kansas tend to experience similar weather risks, including destructive tornadoes. Because of that, insurance companies raise the premiums in those states where natural disaster-related home damage is likely.
Keep in mind that if your home is damaged by a natural disaster, like a tornado, your home insurance policy’s hazard insurance will cover structural repairs, assuming there is no flood damage. The rest of your insurance policy will help you replace personal items.
Home insurance coverage options in Nebraska
Homeowners insurance companies in Nebraska offer standard coverages, including:
- Dwelling coverage: Dwelling coverage protects the outside structure of your home, as well as attachments, like a garage or porch
- Personal property coverage: Personal property coverage protects the belongings inside and outside your home
- Liability coverage: Liability coverage protects you in a lawsuit if you accidentally damage someone’s property, or a guest injures themselves in your home, and they take legal action
- Medical payments: If someone gets hurt on your property, medical payments coverage will cover their medical costs, regardless of who is liable
- Additional living expenses: Additional living expenses will pay for your restaurant and hotel bills if your home gets damaged in a covered peril and you’re unable to live there
The coverages listed above come standard with all homeowners insurance policies. However, Nebraska residents should consider purchasing add-on policies to boost their coverage beyond the minimum amount.
Flood damage is not covered by homeowners insurance, so purchasing a separate flood insurance policy is beneficial. Most major insurance providers sell flood insurance, and it’s also available through the federal National Flood Insurance Program.
Common causes of home insurance losses in Nebraska
In the state of Nebraska, the most common causes of home insurance losses are related to flooding, tornadoes and hail. The 2019 Mississippi River flood cost $6.2 billion to repair damage across the southern plains, including in Nebraska. The same year, the Missouri River flooded causing $10.7 billion in damages.
In June 2017, a major storm brought strong hail and wind storms to Nebraska and surrounding states, in addition to more than a dozen tornadoes. The estimated cost of that weather event was about $1.4 billion.
Nebraska homes are susceptible to severe weather damage, so having enough coverage to protect your home and your personal belongings is important. You’ll pay a higher premium for more coverage, but it could save you thousands of dollars in the long run if your home does sustain extensive damage.
Frequently asked questions
Is homeowners insurance required in Nebraska?
No, homeowners insurance is not a legal requirement in Nebraska – but if you have a mortgage then your mortgage lender may require that you have it. Either way, having homeowners insurance is extremely valuable. Without insurance, you have to pay entirely out-of-pocket to repair damages to your home or to rebuild it after a total loss.
How much does homeowners insurance cost in Nebraska?
On average, homeowners insurance companies in Nebraska charge $1,481 per year. However, your home insurance rate is calculated based on the age of your home, credit score, gender, zip code, size of your home, if you have an anti-theft or fire system installed, your claims history and more.
What is the best homeowners insurance in Nebraska?
There isn’t one insurance company that is the best for every homeowner in Nebraska. The best company for you is the one that offers the type of coverage you need at a price you can afford. For instance, if saving money is your priority, look for a company that offers lots of discounts. If you care more about coverage, look for a company that offers good endorsements.
How do I get homeowners insurance in Nebraska?
To get Nebraska homeowners insurance, use our guide and do your own research to find a handful of insurance companies that offer the coverage you need. Then, you’ll want to get a quote online or through an agent. To determine your rate, you’ll be asked to provide some information about yourself and your home. Pick the company that offers the best rate for the coverage you need, walk through the fine print with an agent and sign a policy.