Best and Cheapest Homeowners Insurance in Nebraska as Rated by Customers in 2022
Many people may wonder, "Why do I need a homeowners policy?" It may seem unlikely that you’ll have to file a homeowners insurance claim, but unfortunately, there are many occurrences that can cause you to have to file a claim. From unexpected natural disasters to theft or vandalism, having insurance comes in handy in many cases. Your home, for many people, is going to be the biggest investment you will make, so protecting it is a must. In the event that you do need to file a claim, don’t you want to feel confident you’ve protected your home with one of the best Nebraska homeowners insurance companies?
To help you be more confident when it comes to choosing which homeowners insurance company is the right one for you, we have reviews and rankings for hundreds of insurance companies so that you can evaluate and compare the best Nebraska home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each company, you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the rankings of the best Nebraska homeowners insurance companies.
If you’re looking for additional information on one of the best insurance companies in Nebraska for a homeowners policy, you can visit the company’s profile page where you’ll learn about the insurance provider, additional coverages, and potential discounts offered to save on the cost of homeowners insurance. You can also read reviews to see what other policyholders have to say about the home insurance company.
Feel free to take advantage of our quote comparison tool to compare insurance quotes from companies that serve your area.
On this page:
- Cheapest homeowners insurance rates in Nebraska for a $200K dwelling
- Cheapest homeowners insurance rates in Nebraska for a $400K dwelling
- Nebraska property crime statistics
- Nebraska disaster statistics
Of the insurers analyzed, Farmers Mutual of Nebraska has the cheapest home insurance rates in Nebraska, on average, for a $200K home.
Compare the average Nebraska homeowners insurance rates for the five largest home insurers in the state in the table below.
|Company||Average rates for $200K dwelling|
|American Family Insurance||$2,328|
|Farm Bureau Property & Casualty Insurance Company (FBPCIC)||$2,600|
|Farmers Insurance Group||$2,223|
|Farmers Mutual of Nebraska||$1,621|
|State Farm Insurance Company||$2,216|
These rates are based on a $200,000 dwelling the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Nebraska will differ. Rate data is provided by Quadrant Information Services.
Of the insurers analyzed, Farmers Mutual of Nebraska has the cheapest home insurance rates in Nebraska, on average, for a $400K home.
See the table below for the average Nebraska home insurance rates for all five of the most popular Nebraska companies.
|Company||Average rates for $400K dwelling|
|American Family Insurance||$3,415|
|Farm Bureau Property & Casualty Insurance Company (FBPCIC)||$4,107|
|Farmers Insurance Group||$3,474|
|Farmers Mutual of Nebraska||$2,913|
|State Farm Insurance Company||$3,506|
These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Nebraska will differ. Rate data is provided by Quadrant Information Services.
Nobody wants to think about what would happen if they are the victim of a crime. Having your personal property damaged due to criminal activity in your neighborhood is a real-life scenario for many people, regardless of the neighborhood in which they live.
Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Nebraska compare to other states around the country? The FBI published the following statistics on crime in Nebraska for 2016:
- Property crime - 43,163
- Burglary - 6,444
- Larceny theft - 31,994
When compared to the national average rate per 100,000 inhabitants, all three crime statistics for Nebraska rank below the national average, which is good news for homeowners in Nebraska.
While crimes such as vandalism or malicious mischief can be expensive, it's nothing compared to what nature can dish out, and sometimes unexpectedly. Weather-related incidents are typically among the costliest homeowners insurance claims. Depending on your insurance policy, you may have to purchase additional coverage, such as a separate flood insurance policy, if your standard policy does not have that type of coverage. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Nebraska federally declared disasters since 1953:
- Severe storm - 29
- Flood - 18
- Fire - 5
- Tornado - 5
- Severe ice storm - 2
- Hurricane - 1
- Snow - 1
How are homeowners insurance rates calculated in Nebraska?
Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance in Nebraska may not be as obvious. Here’s a list of some of the information homeowners insurance companies consider when quoting you a rate:
- The level of coverage required
- The size of your mortgage
- Your credit score
- The square footage of your home
- The geographic location of your home in Nevada
- The condition of your home
- The age of your home
- The proximity of your home to a fire station
- Your previous claims record
- The amount of your deductible
- Optional add-ons like umbrella insurance
Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.
How does Clearsurance rate and rank the best homeowners insurance companies in Nebraska?
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
Where can I find a Homeowners insurance guide?
Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Nebraska homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand your coverage options. Did you know that a standard homeowners insurance policy has six types of coverage? Also, did you know that there are usually 16 types of perils found in a homeowners insurance policy?
At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. For more educational content on other homeowners insurance topics, you can check out our homeowners insurance blog!
Frequently Asked Questions
Who offers the best homeowners insurance rates in Nebraska for a $200K home?
Of the companies analyzed, Farmers Mutual of Nebraska has the cheapest home insurance rates in Nebraska, on average, for a $200K home.
Who offers the best homeowners insurance rates in Nebraska for a $400K home?
Of the companies analyzed, Farmers Mutual of Nebraska has the cheapest home insurance rates in Nebraska, on average, for a $400K home.