Key Takeaways
- American Family has the cheapest home insurance in Nebraska, with premiums that average $298 a month.
- Farm Bureau receives the fewest customer complaints among Nebraska’s top home insurance companies.
- Nebraska’s average cost of homeowners insurance is over $2,000 per year higher than the national average.
In this article
The cheapest home insurance providers in Nebraska
American Family is the cheapest homeowners insurance provider in Nebraska. It charges $3,576 a year, on average, for a typical policy.
| Insurance company | Annual premium |
|---|---|
| American Family | $3,576 |
| Farm Bureau | $3,848 |
| Allstate | $3,870 |
| State Farm | $3,921 |
| State average | $4,125 |
| Travelers | $4,414 |
| USAA | $4,423 |
| Nationwide | $4,825 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Farm Bureau, Allstate and State Farm also offer home insurance premiums to Nebraska homeowners that are cheaper than the state average.
Keep in mind that the premiums highlighted above are average premiums. What you pay for home insurance in Nebraska might be more or less than these amounts. This is because insurance companies consider several factors when calculating a quote.
To find a policy that offers the best price as well as the coverage you need, compare home insurance quotes from several companies.
See how much you could save on home insurance
How much is home insurance in Nebraska?
The average cost of home insurance in Nebraska is $4,125 a year, or $344 a month.
That is 117% higher than the average cost of home insurance in the U.S., which is $1,903 a year, or $159 a month.
Companies consider a number of factors when calculating your home insurance premium. Among them are your insurance claim history, the age of your home and the materials used to build your home.
The deductible and dwelling coverage amounts you choose also play a role in what you pay for home insurance.
For example, one way to lower your home insurance premium is to raise your deductible. If you increase your home insurance deductible from $500 to $2,000, you can decrease your annual premium by 16%, on average.
| Deductible amount | Annual premium |
|---|---|
| $500 | $4,475 |
| $1,000 | $4,125 |
| $1,500 | $3,942 |
| $2,000 | $3,751 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Before you choose or change your deductible, though, remember that it is the amount you pay out of pocket after filing a claim. Your insurance pays the rest. So, make sure you can afford whatever deductible you choose.
As for dwelling coverage, a lower dwelling coverage amount usually means a lower premium, too, as the table below shows.
| Dwelling coverage amount | Annual premium |
|---|---|
| $200,000 | $3,310 |
| $275,000 | $4,125 |
| $350,000 | $4,931 |
| $425,000 | $5,714 |
| $500,000 | $6,523 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
If you have a mortgage on your home, your lender will likely require you to insure it for its replacement value. You won’t be able to choose a lower amount even if you want to do so.
The best home insurance companies in Nebraska
American Family is the best homeowners insurance company in Nebraska, based on our survey of the state’s top providers. If customer service and satisfaction is important to you, consider Farm Bureau, too. Allstate has the best coverage and discount options.
American Family: Best overall
American Family is the best homeowners insurance company in Nebraska for several reasons. It offers the cheapest premiums in the state, averaging $298 a month. This is 13% lower than the state average premium.
American Family also earned the best customer satisfaction score of 842 from the J.D. Power 2022 U.S. Home Insurance Study. This study examines customer satisfaction in the home insurance industry. Scores are based on customer surveys that rate home insurers on interaction, policy offerings, price, billing process, policy information and claims. Higher scores are better than lower ones.
The company has the second-best National Association of Insurance Commissioners (NAIC) Complaint Index rating of the companies we surveyed in Nebraska, too.
Farm Bureau: Best for customer satisfaction
Farm Bureau has the best NAIC Complaint Index rating among Nebraska home insurance companies.
The NAIC Complaint Index compares insurance companies by confirmed complaints. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected. Farm Bureau’s 0.02 rating is by far the lowest of the state’s top home insurers, which means it receives few complaints from policyholders.
Along with its impressive lack of customer complaints, Farm Bureau charges the second-lowest home insurance rates in Nebraska. The company’s average premium is $321 a month.
Allstate: Best coverage options
Nebraskans who buy home insurance from Allstate have access to an impressive selection of coverage options. Along with all the standard coverages, Allstate offers optional ones that cover:
- Electronic data recovery
- Identity theft restoration
- Musical instruments
- Sports equipment
- Yard and garden
- Water backup
Allstate also offers homesharing insurance, flood coverage and personal umbrella policies.
In addition, Allstate’s average premium is just $1 more than Farm Bureau’s, at $322 a month. It charges the cheapest home insurance premiums in Nebraska’s three biggest cities, too – Omaha, Lincoln and Bellevue.
Customer service ratings for Nebraska home insurance companies
American Family and Farm Bureau have the best customer satisfaction and service scores of Nebraska’s top home insurance companies.
| Insurance company | Overall satisfaction score |
|---|---|
| Allstate | 815 |
| American Family | 842 |
| Farm Bureau | Not included |
| Nationwide | 816 |
| State Farm | 829 |
| Travelers | 794 |
| USAA | 884* |
| Source: J.D. Power 2022 U.S. Home Insurance Study. *Brand is not rank eligible because it does not meet study award criteria. | |
USAA’s J.D. Power score is better than American Family’s, but only current or former members of the military, as well as certain family members, can buy insurance from USAA.
| Insurance company | Complaint Index rating |
|---|---|
| Allstate | 0.74 |
| American Family | 0.13 |
| Farm Bureau | 0.02 |
| Nationwide | 0.54 |
| State Farm | 0.35 |
| Travelers | 0.30 |
| USAA | 0.31 |
| Source: National Association of Insurance Commissioners (2022 data) | |
Get cheap home insurance in Nebraska
How much does home insurance cost in Nebraska by city?
Homeowners in Lincoln pay the lowest home insurance premiums among Nebraska’s biggest cities at an average $3,539 a year, or $295 a month.
Hastings homeowners pay the highest rates in the state, with premiums that average $342 a month.
| City | Annual premium |
|---|---|
| Omaha | $4,003 |
| Lincoln | $3,539 |
| Bellevue | $3,700 |
| Grand Island | $4,049 |
| Kearney | $4,014 |
| Fremont | $3,915 |
| Norfolk | $3,872 |
| Hastings | $4,098 |
| Columbus | $3,842 |
| Papillion | $3,608 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Omaha
Allstate is the cheapest home insurance option in Omaha. Its average premium is 7% lower than runner-up USAA.
| Insurance company | Annual premium |
|---|---|
| Allstate | $3,068 |
| USAA | $3,309 |
| American Family | $3,392 |
| State Farm | $3,638 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Lincoln
Allstate has the cheapest homeowners insurance in Lincoln, too. Here, it charges $218 a month, on average.
Also, Allstate’s average premium in Lincoln is over $600 a year lower than that of second-cheapest USAA.
| Insurance company | Annual premium |
|---|---|
| Allstate | $2,611 |
| USAA | $3,225 |
| American Family | $3,231 |
| Farm Bureau | $3,241 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Bellevue
For cheap homeowners insurance in Bellevue, get a quote from Allstate. It offers an average premium of $218 a month, which is 20% cheaper than American Family.
| Insurance company | Annual premium |
|---|---|
| Allstate | $2,611 |
| American Family | $3,248 |
| Farm Bureau | $3,360 |
| USAA | $3,487 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does home insurance cost in Nebraska by county?
Homeowners in Lancaster County pay the lowest home insurance rates of Nebraska’s 10 largest counties. The average rate or premium in Lancaster County is $300 a month.
Scotts Bluff homeowners pay the highest home insurance rates of the state’s biggest counties, at an average of $420 a month.
| County | Annual premium |
|---|---|
| Douglas | $3,933 |
| Lancaster | $3,597 |
| Sarpy | $3,687 |
| Hall | $4,033 |
| Buffalo | $4,053 |
| Dodge | $3,933 |
| Scotts Bluff | $5,041 |
| Madison | $3,927 |
| Platte | $3,923 |
| Lincoln | $4,330 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Home insurance risks in Nebraska
Nebraska experiences volatile weather throughout the year. Severe thunderstorms and hail are common in spring and summer. The state’s position within Tornado Alley means tornadoes are a fact of life in those seasons, too.
Each of these weather phenomena can cause extensive and expensive damage to a home. So can the cold temperatures and heavy snowfall that are common in winter.
The good news is that standard home insurance generally covers damage caused by tornadoes, thunderstorms, hail and snow. There may be exceptions if water damage is involved. To find out for sure, refer to your policy or contact your agent.
Frequently asked questions
Home insurance costs $344 a month in Nebraska, on average. This is for a typical policy with $275,000 in dwelling coverage and a $1,000 deductible. If you choose different amounts, your premium will be higher or lower.
American Family has the cheapest home insurance rates in Nebraska. It charges $3,576 a year, or $298 a month, on average.
Home insurance in Nebraska is so expensive because of its extreme weather. The state regularly experiences hail, severe thunderstorms and tornadoes, all of which can cause a lot of expensive damage to a home.
Nebraska law does not require homeowners to buy insurance. Most lenders do require home insurance, though, so if you have a mortgage, you’ll likely need to get it.
Methodology
We collected quotes from every ZIP code in Nebraska for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Sources:
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