Best & Cheapest Homeowners Insurance in Nebraska For April, 2024

State Farm offers the cheapest homeowners insurance for Nebraska homeowners, with an average yearly cost of $2,253.

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Updated: 14 April 2024
Written by
Bob Phillips
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After extensively evaluating homeowners insurance providers in Nebraska, State Farm is identified as the most budget-friendly choice, with an average annual cost of $2,253. However, it’s crucial to recognize that the ideal insurer can vary depending on your specific circumstances and requirements.

For instance, if your credit score is negatively impacted, Allstate stands out as the most economical option with an average yearly premium of $4,240. Conversely, if you own an older home, USAA offers competitive rates at $3,078 per year along with comprehensive coverage.

On the flip side, if you’ve recently bought a newly built home, Allstate provides the most cost-effective solution at $1,196 per year. And for individuals with a history of claims, State Farm remains a reasonable and understanding choice at $4,638 per year.

At Insuranceopedia, our thorough analysis aims to aid you in finding the perfect homeowners insurance fit. By comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we strive to provide you with all the necessary information to make a well-informed decision.

How much is homeowners insurance in Nebraska?

State Farm offers the most affordable choice for homeowners insurance in Nebraska, with an annual rate of $2,253.

The rates in Nebraska are higher than the national average, as shown below.

Area Average Monthly Rate
National $1,820
Nebraska $2,980

It’s important to understand that insurance rates aren’t standardized and can vary significantly based on several factors.

For instance, your personal driving history plays a crucial role; having a record with traffic violations or accidents typically leads to higher premiums compared to having a clean record. Moreover, the make and model of your vehicle are significant factors, as high-performance or luxury cars generally incur higher insurance costs.

Your location also affects your rates, with densely populated urban areas often experiencing higher premiums due to increased risks such as theft or accidents. Even elements like your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Nebraska2024

Cheapest Homeowners Insurance, Nebraska, 2024

Our Methodology

In order to find the most cost-effective home insurance rates in Nebraska, we analyzed data from several home insurance review sites. These sources included rates obtained from public filings gathered by Quadrant Information Services. We averaged these rates for our review. However, it's important to mention that each company's rates can change regularly and may differ based on your individual situation. Furthermore, our overall rating reflects my subjective opinion, which is informed by my fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Nebraska

State Farm is highlighted as the most affordable option for homeowners insurance in Nebraska, providing an average annual rate of $2,253.

Company Annual Premium
State Farm $2,253
Allstate $2,296
Farmers $2,430
Nationwide $2,715
Travelers $5,810

Your insurance policy’s cost is impacted by several factors, including where you live, your home’s value, and your claims history. State Farm offers a balanced mix of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

If you have a low credit score, Allstate provides the most economical option, with an average annual rate of $4,240.

Insurance Company Average Annual Premium
Allstate $4,240
USAA $4,273
Nationwide $6,319
State Farm $6,982
Travelers $37,680

Your credit score is a crucial factor in determining your insurance rates because insurers use it to evaluate risk. Allstate understands the importance of offering fair coverage to all individuals, regardless of their financial background.

Cheapest Homeowners Insurance In Nebraska If You Have an Older Home

Homeowners with older homes can find the most affordable rates with USAA averaging $3,078 per year.

Insurance Company Average Annual Premium
USAA $3,078
Foremost $4,031
State Farm $4,066
Nationwide $4,527
Travelers $13,422

Older homes can pose unique risks and maintenance challenges, leading to higher insurance costs. However, USAA offers competitive rates and comprehensive coverage designed to address the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’ve recently purchased a newly built home, Allstate offers the most cost-effective option, with an average annual rate of $1,196.

Insurance Company Average Annual Premium
Allstate $1,196
Farm Bureau $1,262
State Farm $1,357
Farmers $1,820
Travelers $5,816

Newly constructed homes often require different coverage compared to older properties, and Allstate is known for providing affordable policies tailored to meet these specific needs.

Cheapest Home Insurance In Nebraska for a History of Claims

State Farm provides an affordable solution for homeowners with a history of claims, offering an average annual rate of $4,638.

Insurance Company Average Annual Premium
State Farm $4,638
Allstate $4,651
Nationwide $7,140
Foremost $10,236
Travelers $13,937

Having a history of claims can indicate higher risk for insurers, often leading to higher premiums. However, State Farm believes in giving second chances and offers reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Nebraska

Choosing the right homeowners insurance isn’t just important; it’s a strategic decision. Nebraska’s homes, rich in history, are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive prices is crucial.

To simplify your decision-making, we’ve compiled a list of the top homeowners insurance companies in Nebraska. These companies have been assessed based on their annual premiums, coverage choices, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the perfect match for your home insurance needs.

Company Annual Premium
State Farm $2,253
Allstate $2,296
Farmers $2,430
USAA $3,045
Farm Bureau $3,756
Nationwide $2,715
Travelers $5,810
Foremost $4,136

Average Home Insurance Rates in Nebraska by Deductible Amount

The deductible amount you choose for your homeowners insurance policy significantly affects premium rates in Nebraska. Here’s how average home insurance rates vary among insurers for different deductible amounts:

Insurer Annual Rate for $500 Deductible
$500 $3,196
$1,000 $2,987
$1,500 $2,894
$2,000 $2,704
$5,000 $2,338

Average Home Insurance Rates in Nebraska By Coverage Amount

A key factor that affects your premium is the amount of dwelling coverage. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Now, let’s take a look at a comparison chart that shows the average yearly premiums for homeowners insurance based on different levels of dwelling coverage.

Dwelling Coverage Amount Average Annual Premium
$200,000 $2,230
$250,000 $3,046
$300,000 $3,518
$350,000 $3,925
$400,000 $4,368

Average Home Insurance Rates in Nebraska by Company

Here is a table comparing the annual premiums from top insurance providers in Nebraska.

Company Annual Premium
State Farm $2,253
Allstate $2,296
Farmers $2,430
USAA $3,045
Farm Bureau $3,756
Nationwide $2,715
Travelers $5,810
Foremost $4,136

How Much is Homeowners Insurance for Other Cities in Nebraska?

Below is a detailed comparison chart showcasing the most budget-friendly insurance companies and their yearly premiums across various cities in Nebraska.

City Annual Premium
Omaha
$3,340
Lincoln
$2,872
Papillon
$2,957
Columbus $3,299

Getting Online Homeowners Insurance Quotes in Nebraska

Platforms like Insuranceopedia make it easy to find the right coverage for your unique needs with just a few clicks. By providing quick online quotes from top-rated insurers, Insuranceopedia allows you to compare rates easily.

All you need to do is enter your information, and we’ll do the work for you, presenting you with a variety of options that match your needs. This way, you can choose a policy confidently, finding the best value with a balance of cost and comprehensive coverage.

 

FAQs

Who has the cheapest home insurance in Nebraska?

State Farm provides the cheapest homeowners insurance in Nebraska, with an annual premium of $2,253.

What is the average cost of home insurance in Nebraska?

On average, homeowners insurance in Nebraska costs approximately $2,980 per year.

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