Updated: November 21, 2024
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The average cost of homeowners insurance in Nebraska in 2024 is $4,906. This figure is $2,483 more than the national average of $2,423. Aside from the amount of coverage you get, credit rating has the largest impact on premiums in Nebraska. The difference in premiums due to credit rating can reach $8,589 on average.
If your rates have recently increased, we've also analyzed the cheapest policies in Nebraska. The insurance provider you choose can also make a difference in your premiums.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Nov 21, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Nebraska, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of car insurance in Nebraska as of 2024.
In Nebraska, the average homeowners insurance premium for a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage is $4,906. This is more than the national average of $2,423.
Selecting the right amount of home insurance is important. Your policy should cover the complete rebuild of your home and replacement of personal belongings after a loss. In Nebraska, a policy offering $100K in dwelling coverage has an annual premium of $2,865. If you own a larger property and need $500K in dwelling coverage, the premium rises to $7,600 annually. These figures demonstrate how your coverage needs directly influence your premium costs.
| $100K Dwelling / $50K Personal Property / $100K Liability | $2,865 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $4,906 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $7,600 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $9,940 |
Premiums for homeowners insurance in Nebraska can vary significantly from one provider to another, even for comparable coverage. For instance, Travelers might offer a policy that is nearly thrice the price as a similar policy from American Family, showcasing a broad spectrum of pricing in the market.
For those seeking competitive rates, there are plenty of great providers in Nebraska. Differences in underwriting criteria, such as risk assessment and discounts, contribute to the diversity in premium costs.
| American Family | $3,215 |
| Farm Bureau | $3,686 |
| Farmers | $4,035 |
| Allstate | $4,091 |
| State Farm | $4,135 |
| USAA | $5,158 |
| Nationwide | $5,422 |
| Travelers | $9,502 |
Homeowners in Nebraska with excellent credit pay an average of $3,277 annually for homeowners insurance, a savings of $1,629 compared to the state average. Conversely, those with poor credit face premiums averaging $11,866, which is $6,960 above the average.
While improving your credit score may take time, it's a surefire way to reduce insurance costs in the long run. In the meantime, comparing insurers can reveal cost-saving opportunities. Look for the most affordable homeowners insurance in Nebraska to potentially lower your rates even with less-than-perfect credit.
| Poor | $11,866 |
| Below Fair | $8,365 |
| Fair | $6,583 |
| Good | $4,906 |
| Excellent | $3,277 |
When assessing roofing materials, we find that roof type does influence insurance premiums in Nebraska. The durability and resistance of materials like tile can lead to lower premiums due to their longevity and ability to withstand harsh weather. On the other hand, roofs made from less durable materials may attract higher premiums.
The construction type of a home also plays a role in determining insurance costs. Materials that are more resistant to common perils, such as fire, often result in more favorable insurance rates. For instance, homes with superior construction materials may enjoy lower premiums compared to those with standard frame construction.
Explore the tables below with the drop-down options to see how different materials can affect your home's insurance premiums in Nebraska.
| $100K Dwelling / $50K Personal Property / $100K Liability | $2,865 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $4,906 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $7,600 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $9,940 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $12,314 |
Insuring a new construction home in Nebraska generally costs less than an existing home. The average annual premium for new construction is $2,851, which is $2,055 lower than the $4,906 average for older homes. The table below shows the premium differences for varying coverage levels in new versus existing homes.
| Existing Construction (2000) | $4,906 |
| New Construction (2023) | $2,851 |
In Nebraska, homeowners who have been claim-free for five or more years can expect an average annual premium of $4,906. However, those with one claim in the past five years typically see an increase to $5,775, while two claims may raise the premium to $6,353. This data illustrates that a clean claims history can significantly affect insurance costs, with premiums rising up to $1,447 above the average for multiple claims within a five-year period.
| Claim free for 5+ years | $4,906 |
| 1 claim in past 5 years | $5,775 |
| 2 claims in past 5 years | $6,353 |
In Nebraska, tornadoes and flooding are the top natural disasters homeowners might face. While standard home insurance policies usually cover tornado damage, they typically don't cover flood damage. Homeowners may need to buy separate flood insurance for that.
Premiums across Nebraska cities range from $4,301 to $4,479 annually. In Lincoln, the annual premium is $4,301, while Omaha's is slightly higher at $4,479. Location affects premiums due to local risks and claim rates. City-based factors are significant but one of many influencing costs.
| Lincoln | $4,301 |
| Omaha | $4,479 |
Shopping for home insurance in Nebraska can be a smooth process, leading you to a suitable deal without a hitch. Understand the market and know what influences the costs you might face, and you'll find the best deal for you with these steps.
Ask about bundles and other ways to save money.
Pick a provider with good service and claim experience.
Decide how much you can pay out-of-pocket in a claim.
Buy the policy that fits your needs and budget.
Homeowners can often save on insurance costs by bundling their home and auto policies in Nebraska. Our analysis at MoneyGeek shows that the annual average savings from combining these policies can range from $328 to $1,218, with an average percentage savings of about 17%. By opting for a multipolicy bundle, you not only simplify your insurance management but also potentially unlock significant savings on your premium costs.
Nebraska homeowners can capitalize on insurance discounts to reduce premiums.
To maximize your savings, inquire about available discounts when obtaining a quote.
The cheapest insurer in Nebraska on average is American Family, with a premium of $3,215 per year. Learn more about cheap national providers.
Tornado damage, a common natural disaster in Nebraska, is typically covered by homeowners insurance.
Credit rating is the biggest factor impacting homeowners insurance prices in Nebraska, with a difference of $8,589 between excellent and poor credit.
On average, bundling your insurance policies in Nebraska can save you up to $1,218 per year.
Flood insurance is not typically included in a standard home policy. It can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
When navigating the landscape of homeowners insurance in Nebraska, arm yourself with the best tools and knowledge to make an informed decision. Here's a curated list of resources tailored for homeowners in the Cornhusker State:
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
