Cheapest Homeowners Insurance in Nebraska (2024 Rates)


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Updated: May 22, 2024

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American Family offers the most affordable rates overall in Nebraska, making it an excellent choice for homeowners, even those with a recent claims history. However, Allstate provides cheaper rates if you own a high-value home, while Nationwide is the top pick for coverage for new homes. Farm Bureau is your most affordable provider if you seek cheap, high-deductible policies. For bundled insurance packages, State Farm is the go-to option.

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2024

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Why Trust MoneyGeek? MoneyGeek used information from the Nebraska Department of Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Nebraska as of 2024.

Overall Cheapest Homeowners Insurance in Nebraska

Secure the cheapest overall home insurance in Nebraska with American Family. For $100K in dwelling coverage, the company's average annual premium is $1,924. Remember, home insurance rates can significantly change based on your dwelling coverage.

Across dwelling coverage limits, American Family is the cheapest provider in Nebraska. See how prices change by coverage level:

  • Cheapest for $100,000: American Family at $1,924 per year
  • Cheapest for $250,000: American Family at $3,215 per year
  • Cheapest for $500,000: American Family at $5,247 per year

For a clear breakdown of cost changes by dwelling coverage, take a look at cheap home insurance in Nebraska using the table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
American FamilyAnnual Premium$1,924
State FarmAnnual Premium$2,247
AllstateAnnual Premium$2,284
FarmersAnnual Premium$2,418
Farm BureauAnnual Premium$2,483
NationwideAnnual Premium$2,706
TravelersAnnual Premium$5,807

Compare Nebraska Home Insurance Quotes Online

Comparing quotes from multiple insurance companies is essential to finding budget-friendly home insurance in Nebraska. MoneyGeek’s home insurance calculator offers a straightforward solution, giving Nebraska quotes without needing your personal information.

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Rates updated:

Jul 12, 2024

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Cheapest Home Insurance in Nebraska for High-Value Homes

In Nebraska, you can secure insurance for high-value homes with Allstate, the cheapest option in the state, for $750K in dwelling coverage at an average of $6,965 per year. Remember, dwelling coverage significantly contributes to home insurance costs, especially for high-value homes.

Here are the least expensive options in the state for higher-value homes:

  • Cheapest for $750,000: Allstate at $6,965 per year
  • Cheapest for $1,000,000: Allstate at $8,304 per year

We recommend that homeowners secure dwelling coverage equivalent to their home replacement cost, separate from the property value. Review MoneyGeek's table to see how dwelling coverage affects insurance costs for high-value homes, and consider the amount that makes sense for you.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
AllstateAnnual Premium$6,965
American FamilyAnnual Premium$6,999
Farm BureauAnnual Premium$7,948
FarmersAnnual Premium$8,050
State FarmAnnual Premium$9,294
NationwideAnnual Premium$13,520
TravelersAnnual Premium$17,650

Cheapest Home Insurance in Nebraska for New Homes

Home insurance for new homes in Nebraska is most affordable from Nationwide, with premiums averaging $636 per year for $100K in dwelling coverage. It's worth noting that insuring new homes in Nebraska is often cheaper due to their better structural integrity and updated safety features. Here's a breakdown of the most cost-effective options for new homes as per different coverage values:

  • Cheapest for $100,000: Nationwide at $636 per year
  • Cheapest for $250,000: Nationwide at $1,087 per year
  • Cheapest for $500,000: Nationwide at $1,807 per year

For a comprehensive view of how the insurance costs change for newly constructed homes relative to the dwelling coverage, refer to our table below. Understanding the insurance landscape in Nebraska can help you make informed decisions about your coverage.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$636
American FamilyAnnual Premium$1,032
Farm BureauAnnual Premium$1,118
AllstateAnnual Premium$1,188
State FarmAnnual Premium$1,346
FarmersAnnual Premium$1,817
TravelersAnnual Premium$5,807

Cheapest Home Insurance in Nebraska for Low Credit Scores

In Nebraska, home insurance for homeowners with poor credit is the cheapest with American Family, costing an average of $2,964 per year for $100K in dwelling coverage. Your credit score plays a pivotal role in determining home insurance rates as it helps insurers assess your risk of defaulting on payments.

For homeowners with low credit scores, the cheapest providers across different coverage levels include:

  • Cheapest for $100,000: American Family at $2,964 per year
  • Cheapest for $250,000: American Family at $4,952 per year
  • Cheapest for $500,000: American Family at $8,081 per year

A poor credit history significantly influences the average cost of home insurance. Policyholders with poor credit pay an average of $7,205 annually for $100K in dwelling coverage compared to $2,838 by homeowners with good credit.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
American FamilyAnnual Premium$2,964
NationwideAnnual Premium$3,687
AllstateAnnual Premium$4,007
Farm BureauAnnual Premium$4,437
State FarmAnnual Premium$5,067
FarmersAnnual Premium$10,849
TravelersAnnual Premium$19,427

Cheapest Home Insurance in Nebraska With a Claims History

American Family offers the lowest cost home insurance in Nebraska for homeowners with one claim in the past five years, costing an average of $2,222 annually. Having a claim history does affect premiums, with homeowners who have made claims in the past typically paying more for future coverage.

American Family provides the cheapest home insurance for various dwelling coverage levels:

  • Cheapest for $100,000: American Family at $2,222 per year
  • Cheapest for $250,000: American Family at $3,713 per year
  • Cheapest for $500,000: American Family at $6,060 per year

Additionally, the average annual cost of home insurance for homeowners who have been claim-free in the past five years is $823 less than for those with two claims in Nebraska, emphasizing the value of maintaining a minimal record.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
American FamilyAnnual Premium$2,222
State FarmAnnual Premium$2,565
FarmersAnnual Premium$2,750
AllstateAnnual Premium$2,752
NationwideAnnual Premium$3,296
Farm BureauAnnual Premium$3,563
TravelersAnnual Premium$6,137

Cheapest Home Insurance in Nebraska by Home and Roof Materials

Your home's construction and roofing materials directly impact your home insurance cost. In Nebraska, if your home has a frame-type construction and a shake-treated roof, the most affordable home insurance premium comes from Nationwide with an average annual cost of $1,739. Such properties pose a higher risk due to their vulnerability to damage, driving up the insurance cost.

Here's a look at the cheapest companies for different coverage values for these types of homes:

  • Cheapest for $100,000: Nationwide at $1,739 annually
  • Cheapest for $250,000: American Family at $3,176 annually
  • Cheapest for $500,000: American Family at $5,183 annually

Upgrading your home's construction and switching to a tile roof can make a significant difference. On average, superior construction and tile roofs can slash your annual premium by $867 compared to frame construction and shake-treated roofs. For homeowners living in Nebraska's extreme weather, investing in higher-quality building materials can lead to meaningful long-term savings on your insurance.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$1,739
American FamilyAnnual Premium$1,901
State FarmAnnual Premium$2,247
FarmersAnnual Premium$2,616
AllstateAnnual Premium$2,788
Farm BureauAnnual Premium$4,448
TravelersAnnual Premium$5,807

Cheapest Home Insurance in Nebraska by Deductible

By changing your deductible, there's potential to save hundreds annually. Take Nebraska, for example, where the cheapest home insurance for a $2,000 deductible is Farm Bureau, with an average annual premium of $1,569. But, when it comes to a $500 deductible, American Family offers the lowest premium at $1,924 per year.

Now, let's consider the cheapest firms for each deductible level:

  • $2,000 deductible: Farm Bureau at $1,569 per year
  • $1,500 deductible: Farm Bureau at $$1,716 per year
  • $1,000 deductible: American Family at $1,924 per year
  • $500 deductible: American Family at $1,924 per year

With home insurance, a deductible is what you pay before insurance kicks in. Deductibles can influence costs; the average difference between a $500 and $2,000 deductible is $629 yearly. Consider the deductible amount that makes the most sense for you and your finances.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Farm BureauAnnual Premium$1,569
American FamilyAnnual Premium$1,900
AllstateAnnual Premium$1,948
State FarmAnnual Premium$2,025
NationwideAnnual Premium$2,129
FarmersAnnual Premium$2,382
TravelersAnnual Premium$5,181

Cheapest Home and Auto Insurance Bundle in Nebraska

The most affordable home and auto bundle policy in Nebraska is from State Farm, with an average annual premium of just $3,901. You can often save a significant amount by bundling your home and auto insurance together.

The cheapest auto and home insurance bundles include the following providers:

  • State Farm at $3,901 per year
  • Farmers at $4,171 per year

Bundling isn't just about savings. It adds convenience through managing both policies with the same insurer. This streamlining can simplify the process and allow effective communication with a single point of contact. Discover more benefits with the best Nebraska insurance bundle.

State FarmAnnual Premium$3,901
FarmersAnnual Premium$4,171
AllstateAnnual Premium$4,595

Cheapest Home Insurance in Nebraska by City

American Family is the most affordable home insurance provider in most Nebraska cities, with rates ranging from $1,766 to $1,803, depending on your location. Costs between cities can significantly vary due to local elements such as building regulations, crime rates and weather hazards. For instance:

  • Lincoln has the most affordable annual premium for its cheapest company, American Family, at around $1,766.
  • On the other hand, Omaha records the state's highest annual premium for its least expensive company, American Family, at $1,803.

Shopping around for quotes can be valuable, as insurance firms may employ unique calculations for rates based on different geographical locations, presenting potential savings opportunities.

LincolnCheapest CompanyAmerican FamilyAnnual Premium$1,766
OmahaCheapest CompanyAmerican FamilyAnnual Premium$1,803

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.