Nebraska is one of the most expensive states in the country for home insurance, with an average annual premium of $2,816 per year for $250,000 in dwelling coverage, according to 2021 data from Bankrate.com. This is due in part to the high likelihood of home damage that comes from being located in “Tornado Alley.” If you’re looking for the best home insurance company in Nebraska, Reviews.com’s research might be helpful. We’ve analyzed the largest insurance companies in the state by market share to help you make an informed decision.
The 4 Best Homeowners Insurance Companies in Nebraska
To decide which companies are among the best in the state, we first used Bankrate.com’s 2021 average cost data from Quadrant Information Services to get a sense of each company’s typical premium. We then researched coverages, discounts, digital tools, financial strength, and customer satisfaction. We found that the following four companies are some of the best in Nebraska:
- American Family Insurance: Best for Policy Customization
- Allstate: Best for Discounts
- State Farm: Best for Customer Service
- Nationwide: Best for Low Premiums
Compare the Best Home Insurance Companies in Nebraska
Keep in mind that we chose these companies based on our unique research method. The best company for you could be on this list, or it could be another company entirely. Understanding your situation and shopping around is a good strategy for finding an insurer that meets your needs.
| Average Annual Premium* | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power** J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|
| Pin American Family | $1,704 | A | 831 | |
| Pin Allstate | $3,398 | A+ | 829 | |
| Pin State Farm | $3,204 | A++ | 835 | |
| Pin Nationwide | $1,699 | A+ | 812 |
Information accurate as of April 2022
*2021 premium data provided by Bankrate.com for $250,000 in dwelling coverage
**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale.
Best for Policy Customization
WHY WE CHOSE IT
Why we chose it
Pros
- Highly customizable policies
- Low average premium
- Higher-than-average J.D. Power customer satisfaction score
Cons
- AM Best rating is lower than some competitors
- No online purchase option
- Not available in all states
OTHER POLICIES OFFERED
- Auto
- Boat
- Snowmobile
- Manufactured home
STANDOUT DISCOUNTS AVAILABLE
- Smart home
- Age of home
- Loyalty
- Generational
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Diverse discount opportunities
- Informative website and digital tools
- Higher-than-average J.D. Power customer satisfaction score
Cons
- Higher-than-average premium
- Higher-than-average overall NAIC complaint index
- Below-average J.D. Power claims satisfaction score
OTHER POLICIES OFFERED
- Auto
- Condo
- Motorcycle
- Business
STANDOUT DISCOUNTS AVAILABLE
- Welcome & loyalty
- Home buyer
- Early signing
- Claims-free
Best for Customer Service
WHY WE CHOSE IT
Why we chose it
Pros
- Local agencies available
- High J.D. Power customer satisfaction score
- Superior AM Best financial strength
Cons
- Fewer discounts than many competitors
- Higher-than-average premium
- Higher-than-average overall NAIC complaint index
OTHER POLICIES OFFERED
- Rental property
- Personal articles
- Farm and ranch
- Life
STANDOUT DISCOUNTS AVAILABLE
- Multi-line
- Home security
- Roofing discounts
Best for Low Premiums
WHY WE CHOSE IT
Why we chose it
Pros
- Low annual premium
- Several discounts available
- Numerous endorsements available
Cons
- Lowest J.D. Power customer satisfaction score on our list
- Financial strength lower than some competitors
- Higher-than-average overall NAIC complaint index
OTHER POLICIES OFFERED
- Auto
- Classic car
- Renters
- Flood
STANDOUT DISCOUNTS AVAILABLE
- Protective devices
- Prior insurance
- Gated community
- Home renovation
*2021 premium data provided by Bankrate.com for $250,000 in dwelling coverage
**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale.
The Average Cost of Home Insurance in Nebraska
According to 2021 data from Bankrate.com, the average cost of homeowners insurance in Nebraska is $2,816 per year for a policy with $250,000 in dwelling coverage. Its cost is much higher than the national average of $1,312 per year. That’s partly because of Nebraska’s location in Tornado Alley and the prevalence of earthquakes, wind, hail, and flooding damage. Shopping around and comparing home insurance quotes from a few different companies may help you find a cheaper policy.
Top 3 Cheapest Homeowners Insurance Companies in Nebraska
| Company | Average Annual Premium* |
| Nationwide | $1,699 |
| American Family | $1,704 |
| Farmers Mutual of Nebraska | $2,001 |
*Data from Bankrate.com
Top 3 Most Expensive Homeowners Insurance Companies in Nebraska
| Company | Average Annual Premium* |
| Allstate | $3,398 |
| Farmers | $3,370 |
| State Farm | $3,204 |
*Data from Bankrate.com
Key Things to Know About Home Insurance in Nebraska
Nebraska homeowners should know how to prepare themselves and their homes for severe weather. The Insurance Information Institute (Triple-I) reports that, of the 10 most costly tornadoes in U.S. history, four hit Nebraska. Nebraska ranked #8 in the states with the most tornadoes in 2021, with 53 confirmed touchdowns. Tornadoes and severe storms can cause extensive damage to a home, so knowing how to prep your home and having an emergency plan in place is essential.
Home Insurance Coverage Options
Most standard homeowners insurance policies cover damage done by wind and hail. However, some policies differentiate between standard wind damage and tornado damage. Because Nebraska presents a high risk of this type of damage, it’s important to confirm whether your policy considers the two coverages separate.
Flooding is also a serious issue in Nebraska, with many counties at above-average risk for flood damage. You can check this FEMA flood map to see if your home is considered to be at future risk. Because flood damage is excluded from home insurance policies, you may want to consider buying a flood insurance policy for peace of mind.
Finally, Nebraska has a history of earthquake activity because of the fault lines running throughout the state, so you may want to consider adding earthquake coverage as an extra precaution. This can usually be added by endorsement, but if you are in a particularly high-risk area, you may need a separate policy.
Frequently Asked Questions
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, and coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings — Customer ratings are an indication of satisfaction with the overall experience with a company. We measured this using 2021 J.D. Power Home Insurance Study ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the National Association of Insurance Companies National Complaint Index.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
