Best cheap homeowners insurance in Omaha

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Homeowners insurance in Omaha costs homeowners an average of $2,766 per year for a $250,000 dwelling. This is actually a bit less than the average for the state. Nebraska homeowners, on average, pay around $2,816 a year for protection (the U.S. average is $1,312 a year). Clearly, Omaha homeowners not only need good insurance, but they also need affordable insurance, too.

To determine the best home insurance in Omaha we looked at average premium costs, J.D. Power scores and available coverage options and discounts.

Best cheap home insurance companies in Omaha

The table below represents the most popular carriers in Omaha, Nebraska, who offer the cheapest rates. To determine the best providers we looked at J.D. Power scores, average premium costs (for a $250K dwelling), as well as available coverage options.

Home insurance company Average annual premium for $250K liability J.D. Power score
American Family $1,626 821/1,000
Nationwide $1,843 808/1,000
Allstate $2,709 829/1,000
State Farm $2,715 829/1,000
Travelers $2,867 803/1,000

American Family

American Family offers the cheapest premium on our list with an average premium of $1,626 a year, and also has one of the highest J.D. Power scores in the industry. In addition to offering exceptional standard homeowners insurance policies, you can also purchase additional coverages such as:

  • Equipment breakdown coverage
  • Sump pump and water backup coverage
  • Matching siding protection
  • Credit theft protection and monitoring coverage

If you’re looking for a company that offers various ways to save, American Family offers 6 discounts that customers can take advantage of to lower their monthly premium.

Nationwide

A homeowners insurance policy with Nationwide comes with dwelling coverage, other structures coverage, personal property protection and loss of use coverage. If you need to purchase additional riders or add-ons, it offers just about every type of rider you can think of.

But our favorite thing about Nationwide insurance is, perhaps, the power of its mobile app. Most insurance companies that offer a mobile app primarily gear it towards auto insurance customers. Though Nationwide does have a great car insurance section, its homeowners section is equally as intuitive and helpful. From it you can make a claim and check the status of your claim all without having to call or speak with a representative.

Allstate

Although Allstate is not the cheapest carrier on our list, you may be able to significantly lower your premiums by taking advantage of the company’s discounts. Some of the discounts Allstate offers homeowners include:

  • New roof
  • Early signing
  • Multi-policy
  • New homebuyer
  • New home
  • Anti-theft device
  • Anti-fire device
  • Make the switch
  • Pay in full
  • On-time payment
  • Claims free

Each discount will chip away at your premium, but having multiple policies will save you the most with Allstate— go this route and it is possible to save as much as 25% on your homeowners policy.

If you are looking for additional coverage options, Allstate has that, too. Our favorite is the green improvement reimbursement. Should an energy efficient item be destroyed during a covered event, Allstate will cover its full replacement cost.

State Farm

More homeowners choose State Farm over any other insurance company in the U.S. It has great customer service ratings and offers a multitude of coverage options. It is also one of the best companies to pair up with car insurance because of its bundling discount. State Farm also offers a discount for having a home alert system, as well as a roofing discount if you have a high impact-resistant roof.

Travelers

Travelers home insurance comes with five types of home insurance coverage in one package. It comes with dwelling, other structures, personal property, loss of use and personal liability coverage. You can also purchase six additional coverages, such as jewelry and valuable items, water backup and sump pump, and identity fraud.

To help Omaha residents with their premium Travelers offers five discounts to help lower your monthly bill. Loss free discount, new home buyer discount, green home discount, protective device discount and a multi-policy discount.

Omaha home insurance considerations

You’re not legally required to have home insurance, but your lender can mandate it as part of the conditions of the loan. Nevertheless, it is always good to protect any kind of financial investment— and homes are usually the biggest investment a person will ever make. In addition to standard home insurance, you should also consider the following coverage options when purchasing home insurance.

  • Flood insurance Your insurance company will likely act as a liaison between you and the NFIP, but you can also purchase flood insurance through private companies. The cost of flood insurance varies on each home and location.
  • Sump pump and water backup coverage: Should your home be damaged by waters that are not flood related, this coverage will help cover any losses you incur. Costs vary between companies and the amount of coverage you choose.
  • Replacement cost coverage: Replacement cost coverage gives a payout equal to the amount it would actually cost to replace an item lost in a covered event. Most of the time property coverage takes into account depreciation. Replacement cost, however, does not. Prices will vary between companies and amount of coverage.

Home insurance discounts in Omaha

Finding cheap home insurance in Omaha can be difficult without discounts. The following discounts are ones every Omaha homeowner should look into.

  • Bundling: Use the same company for both your home insurance and your car insurance and you may be able to save money on insurance each year. Sometimes the discounts can go up to 20% depending on which company you are with.
  • Security System: Get a professional security system installed in your home and many insurance companies will reward you with a discount.
  • Fire alarm/ prevention system: Sprinklers, fire alarms, and fire extinguishers may help knock your premium down if you provide proof to your insurance company.
  • Pay-in-full: Pay your entire premium up front and you may save as much as 10% with some providers.

Frequently asked questions

What is the best home insurance company?

The best home insurance company for you is going to depend on a number of factors. You will want to shop around and compare providers by looking at available coverages, discounts offered, customer satisfaction scores and financial strength, among other things. Luckily, there are many companies that are well deserving of your attention.

How much does home insurance in Omaha cost?

Insurance in Omaha costs, on average, about $2,766 per year for a $250K dwelling.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and homeriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2020 Quadrant Information Services data.

Written by
Lauren Ward
Insurance Contributor
Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, and life insurance, as well other topics in the personal finance industry.
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