As a homeowner, selecting the right homeowner’s insurance is one of the best investments you can make for your property. With MoneyGeek’s unique scoring system, you can find a list of Nebraska's most affordable insurance companies and compare their rates. Then you can select the best and cheapest coverage that meets your needs. MoneyGeek can help you find the best policy for protecting your home and family from external dangers and risks.
The Best Homeowners Insurance Companies and Cheapest Quotes in Nebraska for 2020
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The 5 Best Homeowners Insurance Companies in Nebraska
You should look at your potential costs when choosing home insurance. However, you also need to consider coverage options, customer service quality and the ability of the company to pay claims if you want to find the best homeowners insurance policy in Nebraska that suits your needs.
To make the process easier for you, MoneyGeek has ranked the top five home insurance companies in Nebraska based on factors like costs, J.D. Power customer satisfaction score and their ability to pay claims based on AM Best’s financial stability ratings.
1
NationwideScore: 94
5/5
Affordability
4.3/5
User Satisfaction
4.5/5
Financial Stability
Nationwide provides a detailed online quote tool that makes it easy to get a quote. Additional support for replacement costs, valuables and identity protection can also be purchased. Discounts are available for protected homes and gated communities.
Read MoneyGeek's Nationwide Home Insurance Review2
FarmersScore: 91
4.7/5
Affordability
4.6/5
User Satisfaction
4/5
Financial Stability
With Famers, you get the chance to customize your policy according to your requirements. Multiple policy combos come with discounts. Tech features include an inventory tool, online quote system, online claim filing and billing along with a mobile app.
Read MoneyGeek's Farmers Home Insurance Review3
TravelersScore: 90
4.7/5
Affordability
3.9/5
User Satisfaction
5/5
Financial Stability
You can get coverage for dwellings, liability protection, personal property protection and medical coverage for guests with a Travelers policy. If your home is a certified green home, your policy can cover the cost of repair or rebuilding using green materials. Filing claims and bill payments can be done online.
Read MoneyGeek's Travelers Home Insurance Review4
AllstateScore: 88
4.5/5
Affordability
4.2/5
User Satisfaction
4.5/5
Financial Stability
Allstate has a large local network of agents providing personalized service. There are many options for standard and extended coverage with options for liability protection, personal property coverage and discounts for multiple policies and safe homes. The mobile app supports online claims and bill payments and has a tool for everyday and costly claims.
Read MoneyGeek's Allstate Home Insurance Review5
State FarmScore: 78
3.4/5
Affordability
4.1/5
User Satisfaction
5/5
Financial Stability
State Farm provides coverage for dwellings, personal property, personal liability and replacement costs. Customers with smart home security systems can get special deals. You can make claims, pay bills and find local agents using the website or mobile app. They also feature a detailed online quoting system.
Read MoneyGeek's State Farm Home Insurance ReviewWhat Is the Average Cost of Homeowners Insurance in Nebraska?
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home insurance is 0.0% more than the average.
Home insurance in Nebraska for a baseline dwelling coverage amount of $250,000 comes at the cost of $2,972 per year on average. This rate is about 41.3% more expensive than the national average of $2,103, costing $868 more on average. Home values, crime rates and several other factors are considered by insurance providers when deciding insurance rates based on individual risk profiles.
Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Nebraska
When it comes to determining your homeowners insurance costs in Nebraska, your current circumstances and facts can contribute to the process. Your frequency of past claims, your credit score, and your personal property’s value may all affect the insurance premium.
Home Insurance Calculator
State
Nebraska
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$150,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Cheapest Homeowners Insurance Quotes in Nebraska
If you are on the lookout for cheap homeowners insurance in Nebraska your best option might be Nationwide. For a Nationwide policy, you can expect to pay an average annual amount of $2,427 for a baseline dwelling coverage amount of $250,000. This rate costs about $545 less than the state average per year and comes out at 18.3% cheaper on average. If your home gets damaged by specific causes outlined in the policy like fire, hurricanes, floods or theft, your dwelling coverage usually covers the costs of repairing or rebuilding your home. Compare homeowners insurance quotes to find the most affordable deal for the coverage level you want.
Cheapest Homeowners Insurance by Dwelling Coverage
Dwelling Coverage:
$250,000
Company
Amountper year
1. Nationwide
In 2020, Nationwide ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Nebraska.
$2,427
2. Farmers
In 2020, Farmers ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Nebraska.
$2,590
3. Travelers
In 2020, Travelers ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Nebraska.
$2,630
4. Allstate
In 2020, Allstate ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Nebraska.
$2,724
5. American Family
In 2020, American Family ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Nebraska.
$3,365
Best Cheap Homeowners Insurance Companies for Expensive Homes
If you own an expensive home in Nebraska, it can be a good idea to look for the best home insurance policy you can find for your peace of mind. For a $2 million home in Nebraska, the most affordable home insurance option can be Allstate’s policy with an average premium of $9,525 per year. Similar policies from other providers can sometimes cost three times as much, so you stand to gain by comparing quotes.
Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in Nebraska for the cheapest homeowners insurance for high-value homes.
$9,525
2. Farmers
In 2020, Farmers ranked #2 in Nebraska for the cheapest homeowners insurance for high-value homes.
$9,543
3. American Family
In 2020, American Family ranked #3 in Nebraska for the cheapest homeowners insurance for high-value homes.
$14,596
4. State Farm
In 2020, State Farm ranked #4 in Nebraska for the cheapest homeowners insurance for high-value homes.
$20,124
5. Nationwide
In 2020, Nationwide ranked #5 in Nebraska for the cheapest homeowners insurance for high-value homes.
$20,624
Best Homeowners Insurance Companies if You Have a Pool
Your coverage needs and insurance premiums can increase if you have a pool attached to your home in Nebraska. Different providers can offer different insurance rates. The most affordable option in Nebraska for an average dwelling cost of $250,000 can be Travelers with an average annual cost of $1,981.
Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 in Nebraska for the cheapest homeowners insurance for homes with a pool.
$1,981
2. Nationwide
In 2020, Nationwide ranked #2 in Nebraska for the cheapest homeowners insurance for homes with a pool.
$2,085
3. Allstate
In 2020, Allstate ranked #3 in Nebraska for the cheapest homeowners insurance for homes with a pool.
$2,194
4. Farmers
In 2020, Farmers ranked #4 in Nebraska for the cheapest homeowners insurance for homes with a pool.
$2,592
5. American Family
In 2020, American Family ranked #5 in Nebraska for the cheapest homeowners insurance for homes with a pool.
$3,228
Cheapest Home Insurance in Nebraska if You Have Poor Credit
In Nebraska, insurance companies can consider your credit score to be an important metric while deciding on insurance premium costs. Having a poor credit score might be a proportional increase in your premiums. Travelers might be the cheapest policy for people in Nebraska with poor credit with an average cost of $3,965 per year for a baseline dwelling coverage amount of $250,000.
Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance for owners with poor credit in Nebraska.
$3,965
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance for owners with poor credit in Nebraska.
$4,435
3. Nationwide
In 2020, Nationwide ranked #3 for the cheapest homeowners insurance for owners with poor credit in Nebraska.
$4,493
4. American Family
In 2020, American Family ranked #4 for the cheapest homeowners insurance for owners with poor credit in Nebraska.
$5,259
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance for owners with poor credit in Nebraska.
$7,690
How to Get Homeowners Insurance Quotes in Nebraska
Your name, address, phone number and social security number are just some of the basic details you may have to provide your insurance company while getting home insurance in Nebraska. The company may also need to know the value of your home, its age, how it was constructed, and if a security system is in use. These factors help the company come up with your personalized quote for your premium.
Compare Home Insurance Rates
Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.
Other Considerations for Homeowners Insurance in Nebraska
Quite a few other factors can also be important in deciding your annual home insurance costs. Crime statistics, home value, and weather data tend to feature in these considerations. For example, Nebraska ranks 29th in the country on the list of property crime rates, per 100,000, with 40,126 property crimes and 5,494 violent crimes according to a 2018 FBI study. As far as home value is concerned, the state ranks 38th overall, with a typical average value of $175,884 per home.
Emergency preparedness is always a good idea, especially for those emergencies brought on by natural calamities and hazardous weather conditions. If you understand the risks inherent to where you live you can get the relevant insurance coverage.
Do You Need Hail Insurance in Nebraska?
It can be a good idea to include coverage for hail damage in Nebraska’s home insurance policy. The state experienced more than 400 hail events in 2019 and had the country’s third-most hail loss claims from 2017 to 2019.
Do You Need Flood Insurance in Nebraska?
Flood damage can also be an area of concern in Nebraska. About 9.1% or 102.000 homes are at risk of experiencing flood damage. Some insurance companies might not provide flood damage and you can consider a National Flood Insurance Program (NFIP) policy run by the government if your community participates. You can also consider buying an incremental private policy for a larger average amount.
Methodology
MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Nebraska that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Nebraska. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
Sources
- AM Best. "Rating." Accessed August 27, 2020.
- Business Insider. "Here's the typical home price in every state — and what you can actually get for that money." Accessed August 10, 2020.
- FBI. "2018 Crime in the United States." Accessed August 10, 2020.
- First Street Foundation. "The First National Flood Risk Assessment Defining America’s Growing Risk." Accessed August 10, 2020.
- Flood Factor. "Find Your Home’s Flood Factor." Accessed August 10, 2020.
- Insurance Information Institute. "Facts + Statistics: Hail." Accessed August 10, 2020.
- Insurance Information Institute. "Facts + Statistics: Hurricanes." Accessed August 10, 2020.
- Insurance Information Institute. "Facts + Statistics: Wildfires." Accessed August 10, 2020.
- J.D. Power. "Homeowners’ Satisfaction with Property Claims Reaches Record High as Insurers Focus on Relationship Management, J.D. Power Finds." Accessed August 27, 2020.
- Verisk. "Wildfire Risk Analysis." Accessed August 10, 2020.