Finding the Best Homeowners Insurance in Nebraska
There are almost three thousand insurance providers nationwide, and with that number growing every year, it’s never been more difficult to find the best homeowners insurance for you. But it is important to purchase a policy to protect your home in the event of a covered incident because leaving yourself liable can have a disastrous effect on your finances. There are several ways to get a quote; most companies have online tools that can give you a quote in minutes, and some providers have mobile apps that let you buy a plan then and there without having to involve a clerk. If you prefer to speak to a clerk, then you can call your local provider. After giving them some basic information about your property and your lifestyle, they can give you an estimated quote for your homeowner's insurance plan; if you like what you hear, you could have your next plan as quickly as that. But you should never sign for a plan without comparing your quote to quotes from other providers. Shopping around for quotes and comparing policy packages is the best way to find cheap homeowners insurance in Nebraska. We have listed some key things to keep in mind when negotiating your homeowner's insurance deal to ensure that you get the policy you need for the right price.
| Nebraska Homeowners Insurance Cost Broken Down | Price |
|---|---|
| Yearly Cost of Homeowners Insurance in Nebraska | $1,782.00 |
| Costs Per Month for Homeowners Insurance in Nebraska | $148.50 |
How Much is Homeowners Insurance in Nebraska
Homeowners in Nebraska pay significantly more on their insurance premiums when compared to other states. This price difference is influenced by many factors, including the state's susceptibility to flooding and other natural disasters like Tornados. Nebraska experiences an average of 55 Tornadoes per year; this has raised insurance premiums as providers are more likely to have to cover the costs of damages to your Nebraska home than if you lived in another state. Other factors that can affect your homeowner's insurance price include the crime rate in your area, the deductible you select for your policy, the age of your home, and the dollar amount of your coverage plan. However, the main thing that influences your Nebraska homeowners insurance price is the city you live in. Nebraska's cheapest homeowners insurance is available in Lincoln, with the average homeowner's insurance policy at $2561 per year or $213 per month. In Nebraska City, the average insurance premium is $2985 per year, making it the most expensive city in the state for homeowners insurance. But the level of homeowners insurance that you select will also impact the cost of your insurance premiums. Coverage for $100,000 of damages to your home will cost approximately $1586 per year, whereas coverage for $400,000 will cost $4375. You can raise the price of your policy if you add additional coverage like flood insurance to your plan or lower it by adding safety features to your property or by creating a bundle of two policies from the same insurer so that you can affect your insurance premiums.
| City in Nebraska | Monthly Costs | Yearly Costs |
|---|---|---|
| Omaha, NE | $137.92 | $1,655.00 |
| Lincoln, NE | $113.75 | $1,365.00 |
| Bellevue, NE | $123.42 | $1,481.00 |
| Grand Island, NE | $157.83 | $1,894.00 |
| Kearney, NE | $155.17 | $1,862.00 |
| Fremont, NE | $134.25 | $1,611.00 |
| Hastings, NE | $155.25 | $1,863.00 |
| North Platte, NE | $154.83 | $1,858.00 |
| Norfolk, NE | $141.33 | $1,696.00 |
| Columbus, NE | $136.92 | $1,643.00 |
| Papillion, NE | $117.92 | $1,415.00 |
| La Vista, NE | $119.92 | $1,439.00 |
| Scottsbluff, NE | $186.42 | $2,237.00 |
| South Sioux City, NE | $129.50 | $1,554.00 |
| Beatrice, NE | $133.00 | $1,596.00 |
| Lexington, NE | $147.00 | $1,764.00 |
| Alliance, NE | $162.17 | $1,946.00 |
| Gering, NE | $168.42 | $2,021.00 |
| Blair, NE | $143.08 | $1,717.00 |
| York, NE | $140.17 | $1,682.00 |
| McCook, NE | $174.67 | $2,096.00 |
| Nebraska City, NE | $123.75 | $1,485.00 |
| Ralston, NE | $131.08 | $1,573.00 |
| Crete, NE | $135.75 | $1,629.00 |
| Seward, NE | $134.50 | $1,614.00 |
| Sidney, NE | $174.83 | $2,098.00 |
| Plattsmouth, NE | $127.08 | $1,525.00 |
| Schuyler, NE | $140.33 | $1,684.00 |
| Chadron, NE | $162.08 | $1,945.00 |
| Gretna, NE | $128.92 | $1,547.00 |
| Wayne, NE | $134.42 | $1,613.00 |
| Holdrege, NE | $175.67 | $2,108.00 |
Nebraska Homeowners Insurance Laws
Generally, homeowners insurance protects you from a variety of perils associated with owning a home, and despite it not being required by state law, you still may need to purchase a policy. This is due to a contractual clause found in many mortgage leases. If your home is mortgaged, your lender may require that you purchase a homeowner insurance plan for your home because they need to protect their investment. A homeowner insurance policy protects both the homeowner and the lender from financial loss in an incident. Therefore, you must check your mortgage contract to see if you need to buy a homeowner insurance policy before you can start searching for your perfect plan before you are liable for the property. If it is not required, we suggest that you still purchase a homeowners insurance policy for your Nebraska property since homes in Nebraska are especially susceptible to damage from tornadoes. If you do not have a policy, then you will be solely liable for any damage to your home if something should occur. So when shopping, make sure to look for disaster coverage clauses in providers' policy plans as most providers do not include these in their basic policies and instead supply this type of coverage using an add-on system.
What Does Homeowners Insurance Cover in Nebraska
Nine out of ten providers have the same basic policy options to get the best value for money; you need to compare these basic coverage options with your potential providers to see if you are being offered something unique. Personal Property coverage protects the contents of your home and personal belongings. This type of coverage is restricted to certain types of items that are easily lost, including cash and jewellery. Coverage for your building falls under Dwelling coverage. This gives you protection for your home and any attached buildings if damaged in a relevant incident. This coverage can include fixtures like plumbing, heating, and permanently installed air-conditioning systems, electrical wiring, and supplies on or adjacent to the residence premises for use in the construction, alteration, or repair of the dwelling or other structures not attached to the dwelling. Loss of Use coverage assists you with additional living expenses if a covered peril damages your property and you cannot reside in your home. Personal Liability and Medical coverage can shield you if a person is injured on the property. This coverage depends on the circumstances of your claim, so you may not be covered for all incidents.
| Costs of Home Insurance in Nebraska by County | Monthly Average Costs | Yearly Average Costs |
|---|---|---|
| Adams County, NE | $164.67 | $1,976.00 |
| Box Butte County, NE | $179.00 | $2,148.00 |
| Buffalo County, NE | $165.17 | $1,982.00 |
| Cass County, NE | $136.17 | $1,634.00 |
| Colfax County, NE | $146.92 | $1,763.00 |
| Custer County, NE | $190.08 | $2,281.00 |
| Dakota County, NE | $136.17 | $1,634.00 |
| Dawson County, NE | $158.75 | $1,905.00 |
| Dodge County, NE | $142.33 | $1,708.00 |
| Douglas County, NE | $146.58 | $1,759.00 |
| Gage County, NE | $141.17 | $1,694.00 |
| Hall County, NE | $164.25 | $1,971.00 |
| Holt County, NE | $139.75 | $1,677.00 |
| Lancaster County, NE | $117.92 | $1,415.00 |
| Lincoln County, NE | $165.83 | $1,990.00 |
| Madison County, NE | $148.92 | $1,787.00 |
| Otoe County, NE | $129.17 | $1,550.00 |
| Platte County, NE | $143.92 | $1,727.00 |
| Red Willow County, NE | $184.67 | $2,216.00 |
| Saline County, NE | $142.58 | $1,711.00 |
| Sarpy County, NE | $128.25 | $1,539.00 |
| Saunders County, NE | $139.17 | $1,670.00 |
| Scotts Bluff County, NE | $194.67 | $2,336.00 |
| Seward County, NE | $138.17 | $1,658.00 |
| Washington County, NE | $150.50 | $1,806.00 |
| York County, NE | $146.58 | $1,759.00 |
Top Rated Homeowners Insurance Companies in Nebraska Based on Ratings
$1211 is the average cost of homeowners insurance for Americans each year, but in the state of Nebraska, a homeowners insurance policy is higher than the national average at $1481 per anum. Yet, it is possible to find cheap policies if you can find the right provider. Safeco has one of the lowest annual rates for Nebraska homeowners insurance premiums, their basic package begins at $2451, and despite not being BBB accredited, its parent company Liberty Mutual Group is accredited and has an A rating with BBB, meaning that you can be confident your money is safe with Safeco. State Farm cannot only competently handle your claims, but they are also the provider who is most likely to remain solvent in the event of a natural disaster that may necessitate widespread claim payouts. They are ranked third best out of fourteen in the J.D. Power Score and with an A.M. Best Financial Strength Rating of A++ and an NAIC Complaint Index score of 0.35. However, they do not include flood coverage which is essential for residents of Nebraska, and their premiums are also significantly higher than other providers, averaging at $2816 per year for homeowner’s insurance coverage.
How to Lower Homeowners Insurance in Nebraska
To get a better deal on your homeowner's insurance, you should check in with your insurance provider each year before your renewal date and ask your agent if you are eligible for any discounts. You may be offered a discount if you have recently installed a burglar alarm system, deadbolt locks, or a smoke alarm. If you are residing in a new build with these features built-in, you may be eligible for these discounts automatically. You can also lower your premium by increasing your deductible. However, if you consider this option, you should think about how much of a loss you can afford to absorb if you have to make a claim. The most effective way to lower your premium is to shop around before you buy; with the prices of policies increasing every year, finding a good deal can be time-consuming, but you need to be persistent to save money. The easiest way to lower your premium is to create a bundle of your homeowners and auto insurance policies. This can lead to an average yearly discount of $55 which can substantially impact your savings in the long run.
Compare Homeowners Insurance in Nebraska Before Buying
If you want a full coverage policy without breaking the bank, shopping around for estimates on your homeowner's insurance policy is crucial. To do this effectively, you should list what insurers you are interested in and what coverage options you need for your home and what add-ons you are interested in adding to your plan. Then find out how much this coverage will cost from an insurer. Rather than comparing this figure to the national average, compare this price to the average cost of homeowners insurance in Nebraska specifically, so you don't waste time negotiating with provides that have low national rates but high rates in your state. If you are stuck between two providers, contact each provider individually and ask them to give you a personalized quote. Clerks may apply discounts you weren't aware of to get your business.