Find the Best Homeowners Insurance Rates and Companies in Nebraska
The median home value in Nebraska is $223,958. If you own a home in Nebraska, chances are your home is your most important asset. You’ll want to protect it from threats like fire, theft, vandalism, and severe weather. What’s more, you’ll want to protect your assets if you are sued for something that happens on your property. You can do this with homeowners insurance in Nebraska.
An independent insurance agent can help you find the best home insurance in Nebraska. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget.
Best Homeowners Insurance Companies in Nebraska
There are several insurance companies in Nebraska that offer highly rated homeowners insurance. The following are some of the best homeowners insurance companies in Nebraska. These companies provide a mix of valuable coverage offerings and competitive pricing.
- Progressive: Progressive is based in Ohio, but offers homeowners insurance across all 50 states, including Nebraska. Nebraska residents can look to Progressive for most of their personal insurance needs.
- Nationwide: Nationwide provides homeowners insurance and other popular types of insurance coverage in Nebraska. The company is headquartered in Columbus, OH, and is represented by independent insurance agents in 50 states, including Nebraska.
- Safeco: Safeco has been protecting individuals and families since 1923. The company offers homeowners insurance in Nebraska, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
- Travelers: Travelers offers highly rated homeowners insurance in Nebraska. It can meet your additional personal insurance needs with a full line of products including auto, boat, identity theft, umbrella, and other coverages.
- Stillwater Insurance Group: Stillwater is a national personal and commercial lines carrier with rock-solid financial stability. The company can help you with your homeowners insurance needs in Nebraska.
An independent insurance agent in your area can help you learn more about these and other homeowners insurance companies in Nebraska. A local agent can help you get competitive quotes for the coverage that fits your insurance needs.
What Homeowners Insurance in Nebraska Can Cover
Homeowners insurance in Nebraska protects you from the worst things that can happen to your home.
In Nebraska, you face potential threats to your property all the time, including natural disasters like severe storms and tornadoes. Here are the top 5 property risks in the state:
- Severe storms and lightning
- Flooding and water damage
- Wild fires and residential fires
- Burglary and other property crimes
Homeowners insurance in Nebraska typically covers much of the damage caused by natural disasters, including wind, rain, hail, and fire damage. It also covers damage and other losses caused by a break-in or vandalism. But keep in mind that homeowners insurance in Nebraska does not cover flood damage. For flood coverage, you’ll need to purchase a separate flood insurance policy.
Within a typical Nebraska home insurance policy, you’ll find several coverage categories. These provide coverage for the inside and outside of your home according to your policy specifics. What’s more, your home insurance policy in Nebraska covers expenses related to the temporary loss of use of your home after a covered event and provides liability coverage for when you are faced with a lawsuit or negligence claim.
A homeowners insurance policy typically categorizes coverage and coverage limits as follows.
- Dwelling coverage: Covers your house and attached structures. It also covers items like plumbing, heating, permanently installed air-conditioning systems, and electrical wiring.
- Other structures coverage: Protects other structures on the property such as detached garages, tool sheds, retaining walls, and so on.
- Contents coverage: Protects the contents of your home and other personal belongings owned by you or family members who live with you.
- Loss of use coverage: Helps you with additional living expenses if your home is damaged by a covered peril (e.g., a fire) and you cannot live in your home while repairs are being made. It typically covers expenses like housing, meals, storage, and more, as long as they are in line with your usual living expenses.
- Personal liability coverage: Provides coverage if you or a resident of your household is responsible for causing property damage or an injury to someone else.
You can also customize your policy to cover other risks. You can add coverage for identity theft, sewer and water backup, scheduled personal property, business property, and more.
A local independent insurance agent can help you find homeowners insurance in Nebraska.
What Homeowners Insurance in Nebraska Will Not Cover
Homeowners insurance in Nebraska excludes coverage for certain losses. It does not cover everything that can go wrong with your home or on your property.
First, the liability coverage in your homeowners insurance policy has certain limitations. If you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.
Moreover, your property coverage will not cover every type of property damage you might encounter. Almost all homeowners insurance policies in NE exclude coverage for property damage caused by the following:
- Ordinance or law (e.g., demolition or construction required to bring your house up to code)
- Earth movement (e.g., earthquakes, sinkholes, landslides)
- Water damage due to floods, sewer backups, and water that seeps through the foundation
- Power failure
- Nuclear hazard
- Intentional acts
- Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
- Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance
To avoid any surprises down the road, be sure to understand what your home insurance in NE does and does not cover when you decide to purchase a policy.
Flood Damage in Nebraska
Flooding can be a significant concern for many homeowners, but Nebraska homeowners insurance does not cover flood damage.
Flooding can be a problem in some areas of Nebraska. In fact, it is one of the top five risks for homeowners in the state. Some areas of the state will have a higher likelihood of flooding than others.
It’s important to discuss your need for supplemental flood insurance with your independent insurance agent.
If necessary, your agent can help you purchase flood insurance from the National Flood Insurance Program (NFIP), a program established by the federal government to help homeowners recover after a flood event.
Average Cost of Homeowners Insurance in Nebraska
Nebraska is the 10th most expensive state for home insurance. The average cost of homeowners insurance in Nebraska is higher than the national average.
- National average yearly premium: $1,211
- Nebraska average yearly premium: $1,481
Of course, your home insurance cost will be more or less than the average for homeowners in Nebraska. And you can still shop around for the best local rates.
It’s important to know that your insurance premiums are calculated according to your exact coverage needs and your home's unique characteristics and risk factors. The age, size, value, and materials used to build your home help insurance companies determine how much it would cost to replace it if it were severely damaged or destroyed.
Insurance companies also evaluate your city's crime rate and weather risks, history of natural disasters, and your prior claims history to determine your home insurance premium.
A local independent insurance agent can help you get home insurance quotes in Nebraska.
Average Nebraska Home Insurance Costs by City
Homeowners insurance costs vary by city just like they vary from home to home, and state to state. If you live in a city with a high crime rate or a history of natural disasters, you’ll likely pay more for homeowners insurance than someone who lives in a very safe city. Residents of larger cities often pay more than those who live in rural areas. In Nebraska, residents of Gretna see much higher home insurance costs than residents of Lexington, where coverage is, on average, much more affordable.