Insurance
Nebraska Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: May 22, 2024
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Rates updated:
Jul 26, 2024
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If you value affordability, MoneyGeek compiled the cheapest homeowners insurance companies in Nebraska for different types of homes and profiles. Nationwide is our top pick in the state.
If you want a balance of affordability and customer service, we also scored the best homeowners insurance companies in Nebraska based on their pricing and customer satisfaction.
How to Estimate the Cost of Your Homeowners Insurance Policy in Nebraska
Homeowners insurance costs in Nebraska can vary depending on a buyer’s needs and profile. Some primary factors that affect insurance rates are your location, dwelling coverage and credit score.
Input your specific information in MoneyGeek’s Nebraska homeowners insurance calculator to get a quick estimate of your policy costs.
Nebraska
The cost of homeowners insurance in Nebraska can be affected by your location. Insurance companies may view you as risky to insure if you live in a neighborhood with a high risk of crime, natural disasters or fires. As a result, they may charge a more expensive premium.
Dwelling Coverage
Dwelling coverage covers the cost of rebuilding/repairing your home in case of a loss. The average dwelling coverage in Nebraska is $250,000.
However, your preferred coverage amount may be higher or lower depending on your home’s age, size and features.
You can ask your insurance provider or a professional home appraiser for assistance in calculating how much dwelling coverage you need.
Deductible
Your deductible is the amount you will pay out of pocket in a claim.
For example, if you have an insurance claim worth $10,000 and your homeowners insurance deductible is $500, you’re responsible for covering that amount. Your insurance provider will pay the remaining $9,500.
Opting for a higher deductible is an effective way to lower your homeowners insurance cost.
Liability
Liability insurance covers the damages to other people and their property that occur in your home due to your negligence. That includes legal, replacement, medical, pain and suffering and death benefits costs.
Getting enough liability insurance to cover your assets' value is advisable.
Personal Property
Personal property coverage protects your belongings from damage or theft. Among the items it covers are your clothing, furniture and electronics.
Use MoneyGeek's personal property calculator below to determine your need for personal property coverage.
Credit Score
Your credit score matters when calculating your home insurance rates. Homeowners with poor credit scores usually have a more expensive premium because insurance companies may think they will file more claims or not pay their premium. To compensate for this, they charge a higher insurance rate.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Nebraska
Nebraska is one of the top 10 most expensive states for coverage of $250,000 in a homeowners insurance policy. A policy costs the average Nebraska homeowner roughly $3,572 per year, nearly 48% more than the national average.
If you prefer a higher or lower coverage amount, check the table below to see how much your homeowners policy could cost depending on the coverage amount.
Average Annual Premium in Nebraska for Homeowners Insurance
| $100,000 | Average Annual Premium$2,692 |
| $250,000 | Average Annual Premium$3,572 |
| $500,000 | Average Annual Premium$8,288 |
| $750,000 | Average Annual Premium$11,623 |
| $1,000,000 | Average Annual Premium$15,007 |
| $2,000,000 | Average Annual Premium$29,678 |
| $3,000,000 | Average Annual Premium$44,672 |
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Considering how much dwelling coverage you need is important in the homeowners insurance buying process. Getting enough coverage to pay for rebuilding your home in the event of a total loss is advisable.
Your home replacement value is affected by various factors, like your home’s age, height, square footage and construction materials. You can calculate your rebuilding costs with the help of your insurance provider or a professional home appraiser.
It's worth noting that extended replacement coverage or inflation guard coverage can help if your total rebuilding cost isn't accurate.
Average Cost of Home Insurance in Nebraska Cities
Homeowners insurance costs in Nebraska vary by city. Use the table below to see the average homeowners insurance annual premium of various cities in Nebraska.
Average Annual Premium in Nebraska Cities for Homeowners Insurance
| Lincoln | Average Annual Premium ($100K Dwelling Coverage)$2,428 | Average Annual Premium ($250K Dwelling Coverage)$3,093 |
| Omaha | Average Annual Premium ($100K Dwelling Coverage)$2,889 | Average Annual Premium ($250K Dwelling Coverage)$5,258 |
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According to MoneyGeek’s research, Allstate is the best overall homeowners insurance company. We picked the best homeowners insurance company by analyzing each provider’s affordability, customer satisfaction and financial stability.
Frequently Asked Questions About Home Insurance in Nebraska
The cost of your homeowners insurance in Nebraska can vary based on your needs and profile. Learn more about this topic by reading MoneyGeek’s answers to some frequently asked questions below.
How much does homeowners insurance cost in Nebraska?
Homeowners insurance in Nebraska with $250K in dwelling coverage costs an average of $3,572 per year. That makes Nebraska one of the most expensive states for this coverage amount.
How do I know how much dwelling coverage to get?
The baseline dwelling coverage in Nebraska is $250,000 — but you may need more or less coverage depending on your property. The age, size, shape and features of your home are taken into consideration when calculating how much dwelling coverage you need.
Insurance
Methodology
To determine the average cost of homeowners insurance in Nebraska, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes.
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from a fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
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.