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Hospitality is the name of the game in Nebraska. Our residents are fun loving, friendly and always willing to help out a neighbor, which makes the Cornhusker State a great place to live.
While Nebraska is certainly known for agriculture there is more to our great state than just farming. Nebraska is loaded with culture, museums, zoos, world-class shopping, big cities as well as quaint small towns.
When its time to get outside, Nebraska has you covered. Whether you are visiting Chadron State Park, Indian Cave State Park, camping, biking, boating or just enjoying the natural beauty of Nebraska, there is plenty to do in the great outdoors, regardless of the season.
If you are making the move to Nebraska, you will not be disappointed. Check out some of our great towns and cities like Omaha, Scottsbluff, Hastings, North Platte, Falls City or our capitol Lincoln and you are sure to find one that you will be happy to call home.
According to census data Nebraska currently has a population of 1,826,341 which breaks down to roughly 1,283 households per zip code with the average house having three people living in it.
Data shows that the average household income in Nebraska is $32,853, which is slightly below the national average. Fortunately housing is extremely cheap in Nebraska with the average house value coming in at $55,999.
Homeowners Insurance in Nebraska
Homeowners insurance in the Cornhusker state is slightly above average. The median cost of an H-03 policy, which is the industry standard for homeowners insurance, is priced at $1,151 while the national average is $1,034.
There are many ways to drive down the costs of homeowners insurance. Everything from upgrading your home to getting more discounts can help lower your premium. Here are a few tips on how to keep the cost of your homeowners insurance affordable:
- Shop Around: This is probably the best way to save on homeowners insurance. Industry experts recommend that you shop all of your insurance including homeowners on a yearly basis. Insurance companies rate risk differently so price differences can be dramatic between insurance companies. Make sure you compare apples to apples when it comes to deductibles and coverage levels.
- Discounts: Insurance companies offer a variety of discounts and they can dramatically lower your premium. Make sure you are getting all the discounts you are entitled to receive. Ask your agent to do a discount review to make sure all available discounts are being applied to your policy.
- Raise Your Deductible: If you can afford it, raising your deductible is a great way to save money. Doubling your deductible from $500 to $1,000 or even higher can dramatically lower your rates. It is important that you choose a deductible that you can easily afford in the event you have to make a claim.
Insurance Rates by Homeowners Insurance Type
Homeowners insurance is available in a number of different policy types. Each of these policies are designed specifically to protect a certain type of home. Below is a quick overview of the most common homeowner insurance types as well as average premium data that was collected by the NAIC:
Dwelling Fire: This is a very specific type of policy, which offers very limited coverage. A dwelling fire policy will only cover damage from smoke and fire although some policies may also cover damage due to explosions, wind and vandalism. These policies tend to be very affordable.
Data from the NAIC shows that only 0.7% of Nebraskan policies are DFs. The average premium for this type of policy is $651
HO-2: The H-02 policy is a very basic homeowner policy but offers more coverage than a Dwelling Fire. These policies only cover perils that are specifically listed in the policy wording.
An HO-2 policy in Nebraska is fairly pricey with an average price of $930. Only 3.7 percent of Nebraska policies are HO-2s.
HO-3: The H-O3 policy is the most common policy type in Nebraska and is considered an industry standard when it comes to single-family homes. These policies will cover damage from all perils except those that are specifically excluded in the policy wording. It’s important to remember that all homeowner policies exclude damage caused by floods or earthquakes.
In Nebraska, 61.4 percent of all homeowner insurance policies are HO-3s. The average price is $1,151.
HO-4: This policy type is designed for apartments and is often referred to as renters insurance. These policies protect your personal possessions as well as offering limited liability coverage in case someone is injured in your apartment.
In Nebraska, 19.8 percent of policies are renters insurance.
HO-5: These policies are designed for more upscale, newer homes. They not only protect your house but other structures on your property as well. Most of these policy types offer loss of use protection and your personal possessions are covered against all perils except those specifically excluded in the policy wording. In most cases these policies are not available on older homes.
Roughly 12.6 of policies in Nebraska are HO-5s and the average premium cost is $1,155.
HO-6: The HO-6 is designed for co-op and condo owners. These policies protect your personal property as well as any structural parts of the building that you actually own such as the interior walls of your unit. Coverage is limited to 16 specific perils.
In Nebraska, only 1.4 percent of policies are HO-6s.
Factors to Consider in Nebraska
Severe weather is always a factor Nebraska as it falls into the section of the country referred to as Tornado Alley. Tornadoes and severe thunderstorms can do massive damage to your home and property. Damaged roofs, fallen trees and hail damage are all possible when severe weather strikes.
In edition to severe summer weather, winters can be harsh in certain parts of Nebraska. Freezing temperatures and heavy snowfall can lead to frozen pipes, ice dams and even a collapsed roof due to snow.
You can help minimize the damage from these types of storms while also lowering your premium by making a few changes to your home. Upgrading your roof using wind resistant materials and adding storm shutters can help reduce the damage done by severe weather and your insurance company will usually discount your premium as well.
If you are moving to Omaha, Lincoln, Grand Island, Valentine, York of any of our other lovely towns or cities you will need a great new policy to protect your new home. We can easily help you shop and compare up to 12 different Nebraska home insurance premiums and apply all the available discounts and credits.
Get started today, contact us to get quotes on your homeowners insurance in Nebraska.
Average Homeowners Insurance Premiums in Nebraska
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Nebraska homeowners are paying on average. Did you know that the average homeowners insurance premium in Nebraska is $1586? Nebraska is now ranked 9 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Nebraska is 20.98% more than the national average.
|Year||Average Annual Premium||Average Monthly Premium||State Rank (Overall)|
|2020||$1586 (1.4%)||$ 132||9|
|2019||$1564 (-0.3%)||$ 130||9|
|2018||$1569 (5.77%)||$ 131||9|
|2017||$1481 (5.48%)||$ 123||10|
|2016||$1402 (3.04%)||$ 117||11|
When we combine the state averages over the last decade, the Nebraska overall average is estimated to be around $1,265.87. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Nebraska current state rank compare to the rest of the country is #9. Consider shopping your Nebraska home insurance with us so we can help you save up to 40% or more on your policy.
Find Local NE Homeowners Insurance Quotes & Coverage
For more information on homeowners insurance in your area, choose a county below:
- Box Butte
- Keya Paha
- Red Willow
- Scotts Bluff
Nebraska Homeowners Insurance News & Information
Did you know? Your Home Insurance Doesn’t Cover… Posted on Wednesday 29th November, 2023
While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket. Let’s have a quick look at what your homeowners policy does and doesn’t […]
2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]
What Is the 80/20 Rule In Homeowners Insurance? Posted on Wednesday 8th November, 2023
If you are purchasing a home, your lender will require that you carry homeowners insurance to protect their investment in your home. Homeowners coverage will help cover the cost of repairing or replacing your home if it is damaged or destroyed by a covered peril. Covered perils can include items such as a hurricane or […]
Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023
Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]
Are hardwood floors covered by my homeowners insurance? Posted on Friday 20th October, 2023
Hardwood floors can be expensive to repair or replace if they are damaged and a question that many homeowners have is whether or not hardwood floors are covered by their homeowners insurance. The good news is that in most cases, your damage will be covered as long as it is caused by a covered peril. […]
Nebraska Housing & Real Estate Data
|Total Housing Units||796793|
|Occupied Housing Units||721130|
|Vacant Housing Units||75663|
|Vacant Housing Units for Rent||24404|
|Vacant Housing Units Rented Not Occupied||1279|
|Vacant Housing Units For Sale||9167|
|Vacant Housing Units Sold Not Occupied||2804|
|Vacant Housing Units For Seasonal Occasional Use||13881|
|Vacant Housing Units All Other Vacants||24128|
|Housing Units Homeowner Vacancy Rate Percent||1.8|
|Housing Units Rental Vacancy Rate Percent||9.3|
|Housing Tenure Occupied Units||721130|
|Housing Tenure Occupied Units Owner Occupied||484730|
|Housing Tenure Occupied Units Owner Occupied Population||1252918|
|Housing Tenure Occupied Units Owner Occupied Averge Household Size||2.58|
|Housing Tenure Occupied Units Renter Occupied||236400|
|Housing Tenure Occupied Units Renter Occupied Population||522258|
|Housing Tenure Occupied Units Renter Occupied Average Household Size||2.21|
Understanding Nebraska Homeowners Insurance
When shopping for Nebraska homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Nebraska renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Nebraska, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Nebraska rates and coverage options.