Average Home Insurance Cost in Nebraska

Home insurance in Nebraska costs about $461 monthly or $5,527 annually on average. Residents pay $241 more per month, or $2,893 more annually, than the national average, making it the 3rd most expensive state for home insurance.

*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.

Home insurance costs vary depending on your city. Property age, weather-related factors and home valuations can drastically affect home insurance costs. For example, the average monthly home insurance cost in Lincoln is around $431; in Omaha, it’s higher at $454.

*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.

Home insurance is expensive in Nebraska mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:

For most home insurance companies, pricing is largely influenced by several key factors.

• Location
• Coverage chosen
• Home build details
• Provider chosen
• Credit
• Claims history

Next, we'll explore how these factors specifically impact rates.

Location is the biggest factor affecting home insurance rates in Nebraska, with rates varying by up to 3%. Weather risks, home value and population density in your area play a major role in determining costs.

Coverage choices are the second most influential factor in Nebraska home insurance rates, averaging from $2,733 to $14,479 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.

Home details like age, construction materials and roof type are the third most influential factor in Nebraska homeowners insurance rates, averaging from $219 to $485 per month. These factors affect replacement costs and the risk of damage or theft, leading to significant rate differences.

Your choice of insurer is the fourth most influential factor in Nebraska home insurance rates, with prices ranging from 32% below to 121% above the state average.

A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 70%, with annual average rates ranging from $3,488 to $13,120.

Filing more claims will increase your perceived risk for insurers, which can increase premiums, although in Nebraska, claims history has a smaller impact on cost than other factors. We found that depending on your claims history, rates can be affected by up to 14% or $871 annually.

With high home insurance costs in Nebraska, saving on premiums is crucial, whether you're buying a new home or cutting expenses on your current one. Below are tips to help you secure the best and cheapest home insurance in Nebraska tailored to your needs.

Home insurance costs vary, mainly due to location and coverage level. Find affordable plans by researching your needs and average costs. Then, get the best deal with our estimate tool.

To help estimate your expenses, MoneyGeek answers common questions you may have about home insurance in this state.

When determining the average cost of home insurance in Nebraska, we used a base profile for a simple estimate consistent with the following:

• $250,000 dwelling coverage
• $125,000 personal property coverage
• $200,000 liability coverage
• Home Built Year: 2000
• Construction type: Frame
• Roof type: Composition
• $1,000 deductible
• No claims in the past 5+ years
• Fire protection level of 3

However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.