On average, your neighbors pay $113 a month.See Your Rates
The Cornhusker State is one of the country’s largest producers of beef, pork, soybeans, and, appropriately, corn. Nebraska is also the home of Kool-Aid, Warren Buffett, the world’s second richest man and the company he is CEO of, Berkshire Hathaway. However, because it’s in the midst of Tornado Alley, Nebraska is also home to many homeowners insurance hazards.
How much is home insurance in Nebraska? Homeowners insurance premiums in Nebraska are higher than average. The average cost of homeowners insurance in the state of Nebraska is $1,360. That's a bit more than the national average of $1,173. Ten states have higher average home insurance rates than Nebraska.
|Nebraska Annual Average||$1,151||$1,226||$1,360|
|Nebraska Price Per Month||$96||$102||$113|
|US Annual Average||$1,096||$1,132||$1,173|
|US Cost Per Month||$91||$94||$98|
|Source: Facts + Statistics: Homeowners insurance|
The graph below shows the change in average Nebraska home insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, Nebraska homeowners insurance rates increased from $958 in 2011 to $1,360 in 2015, a jump of $402 dollars, or 41.96 percent.
Choosing a homeowners insurance company in Nebraska should be easier. Actually, it’s already easy. The key to finding the best rates is to compare home insurance quotes in Nebraska
Last year, these were the most common home insurance companies reported by QuoteWizard users living in the state of Nebraska. Out of the 4,920 Nebraska homeowners that used QuoteWizard to request insurance quotes last year, 211 had no home insurance.
The above list shows the most popular home insurers in Nebraska according to our users. But popular doesn’t always mean best.
Our study on the Best Homeowners Insurance Companies focuses on top of the line companies. In no particular order, these companies stand out among the rest:
|Rank||Company||Financial Rating||Market Share|
|1||Farmers Mutual Insurance Company of Nebraska||NR||12.13%|
|3||Iowa Farm Burea||A||9.11%|
How much does home insurance cost in Nebraska? Several factors come into play when insurance companies calculate the cost of your homeowners insurance. Some, like the pets you own, are unique to each person and home. Others, like property crime rates, affect all NE residents.
How much you’ll pay for insurance depends on your home. These are the main house factors that influence your prices:
If you’ve filed insurance claims within the last few years, expect higher rates. Claims stay on your record for five to seven years, and insurance companies charge higher premiums to homeowners with recent claims. If you file more claims during that time, your prices will increase exponentially. You could even have your coverage cancelled. That’s why homeowners should avoid filing any unnecessary claims.
Owning an exotic pet or specific dog breed can make your insurance more expensive. You may even struggle to find a company to insure your home to begin with. According to the AVMA, 51.3 percent of NE residents are pet owners, the sixth lowest rate in the country.
Your credit score also plays a role in your home insurance prices. It’s a controversial practice, but insurance companies will look at your credit score to price your policy. People with a bad credit score have higher rates. NE has the 13th best average credit score in the nation.
Natural disasters are a major cause of property damage. That’s why areas with risky weather have higher home insurance rates. NE is the 27th most natural disaster-prone city in America.
No matter where in NE you live, it’s possible that you’ll encounter one of these natural disasters:
There is a high chance of flooding in your state, and home insurance does not cover flood damage. Be sure to buy a separate policy. According to Be Ready Nebraska, there are steps you can take to limit the damage caused by a natural disaster.
Burglary is a massive threat to your safety and property. Fortunately, home insurance covers burglary, theft, and vandalism. That’s why areas with a high property crime rate also have high homeowners insurance rates. NE has the 29th highest property crime rate in the country. In 2017, Nebraska’s average property crime rate was 2,274 per 100,000 people.
Property crime rates vary depending on where in the state you live. For example, Omaha has an average of 37.35 property crimes annually per 1,000 residents. Whereas Papillion only sees an average of 13.92 property crimes annually per 1,000 people.
Like natural disasters, there are steps you can take to prevent a burglary in your home. These include: security cameras, deadbolt locks, alarms, and more.
Homeowners have plenty of policy options to choose from when shopping for insurance. These are the insurance types you can choose from in NE:
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