Best and Cheapest Renters Insurance in Nebraska (September 2024)

State Farm is the best and cheapest renters insurance company in Nebraska, with a MoneyGeek score of 91 out of 100 and an average annual premium of $76 for $20K in personal property coverage with a $1,000 deductible.

Your best choice depends on your needs. American Family is great if you prioritize customer service. For military families, USAA may be an excellent choice.

The best renters insurance providers in Nebraska for a policy with $20K in personal property coverage are:

• State Farm: MoneyGeek score of 91 out of 100 ($76 per year)
• Farm Bureau: MoneyGeek score of 88 out of 100 ($89 per year)

State Farm offers a good balance of customer satisfaction and affordability. However, the best provider for you depends on your needs.

State Farm offers the cheapest renters insurance in Nebraska, with an average annual premium of $32 for $20K in personal property coverage and a $1,000 deductible.

• State Farm: $76 per year
• Farm Bureau: $89 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

State Farm offers Nebraska's best and cheapest renters insurance for a policy with $20K in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

• State Farm: $76 per year
• Farm Bureau: $80 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can afford is crucial if you need to file a claim.

American Family is the best renters insurance company for service quality in Nebraska, with an average annual premium of $144 for $20K in personal property coverage.

• American Family: MoneyGeek score of 81 out of 100 ($144 per year)
• Travelers: MoneyGeek score of 80 out of 100 ($331 per year)

Good customer service in renters insurance means being responsive, helpful and supportive throughout the process, including handling claims. It ensures timely assistance and clear communication, especially during stressful situations. For example, a provider that manages claims efficiently and empathetically can make a big difference.

For $100K in personal property coverage, the top renters insurance providers in Nebraska are:

• Farm Bureau: MoneyGeek score of 90 out of 100 ($134 per year)
• State Farm: MoneyGeek score of 89 out of 100 ($173 per year)

Renters with more belongings need higher personal property coverage to replace items like furniture, electronics and clothes if damaged or stolen. While higher coverage often costs more, finding a provider that balances cost and good service ensures your valuables are well-protected at an affordable rate.

For renters with military backgrounds in Nebraska, the top providers for a policy with $20K in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($100 per year)
• State Farm: MoneyGeek score of 91 out of 100 ($76 per year)

USAA offers products tailored for military members, veterans and their families, with discounts and coverage that suit their lifestyles. It's the third cheapest option in the state for military members.

State Farm is the best renters insurance company for those with poor credit in Nebraska, with an average annual premium of $159.

• State Farm: MoneyGeek score of 91 out of 100 ($159 per year)
• Nationwide: MoneyGeek score of 90 out of 100 ($158 per year)

Rates are higher for those with poor credit because they pose a greater risk to insurers and are more likely to file claims. Improving your credit and using available discounts can help reduce costs.

The average cost of renters insurance in Nebraska is $140 annually ($12 monthly), which is $6 less than the national average of $146. These rates are based on a policy with $20K in personal property coverage, $100K in liability limits and a $1,000 deductible.

Renters insurance costs can vary depending on your chosen coverage. Personal property coverage protects your belongings from theft, fire and other risks. Use the tool below to get an estimate based on your needs.

Renters insurance costs can differ by city. In Lincoln, Nebraska, the average cost is $139, while in Omaha, it's $153. The state average is $140. These rates reflect policies with $20K in personal property coverage, $100K in liability limits, a $1,000 deductible and a good credit score. Check the table below for your city's rates.

Understanding the factors that affect the cost of renters insurance in Nebraska can help you find a policy that fits your budget and needs.

• Location: Crime rates and weather risks in your area can affect your premium.
• Coverage amount: Higher coverage limits increase your insurance costs.
• Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
• Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
• Credit score: A better credit record can result in lower premiums.

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, along with their estimated value and proof of ownership. Here's how to create one:

1. Start with big-ticket items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
2. Document: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
3. Include receipts and appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
4. Store information securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
5. Update regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal property coverage: This policy safeguards your possessions against covered perils, like theft, and helps you replace them.
• Personal liability coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of use coverage: Pays for additional living expenses if your rental is uninhabitable due to a fire. For example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

While renters insurance protects your personal property and liability, it doesn't cover all losses. Standard policies typically exclude:

• Natural disasters: Events like floods and earthquakes are usually not covered.
• High-value items: Expensive jewelry or electronics might exceed policy limits.
• Business equipment: Items used for business may require additional coverage.
• Roommate property: Your policy doesn’t cover your roommate’s belongings.
• Pest damage: Infestations and damage from pests are generally not covered.
• Car theft: Personal vehicles are covered by auto insurance, not renters insurance.

Understanding these exclusions can help you get additional coverage if needed, ensuring better financial protection against various risks.

Choosing the best renters insurance provider depends on your unique needs. We address common questions to help you find the right coverage.