The best homeowners insurance provider in Nebraska is currently American Family Insurance. The reason for this is because of a variety of factors, some of which include customer service, discounts, and independent industry evaluations.
Other top picks include Allstate, State Farm, Nationwide, and Farmers Mutual insurance Company of Nebraska. Our evaluation of each company and homeowner insurance in Nebraska in general is provided below.
The 5 Best Homeowners Insurance Companies in Nebraska
|American Family Insurance||Allstate||State Farm||Nationwide||Farmers Mutual Insurance Company of Nebraska|
|Our review||Our review||Our review||Our review|
|AM Best Financial Strength Rating||A+||A+||A++||A+||A-|
|J.D. Power Overall Customer Satisfaction Score (Relevant region)||3/5||3/5||4/5||2/5||NA|
|Online Quote Tool||✓||✓||✓||✓||X|
|Compare rates||Compare rates||Compare rates||Compare rates||Compare rates|
Average Cost of Homeowners Insurance in Nebraska
The average cost of insurance in Nebraska is $1,481, making it the 10th most expensive state in the U.S.
The national average for homeowners insurance is currently $1,211.
Of course there are a variety of factors that affect how much you’ll pay for homeowners insurance besides what state you’re home is in. They include the following (among others):
- Size, age, construction and specific location of home
- Credit report (a lower credit score has been shown to correspond with a higher claim frequency)
- Deductible (pay a higher premium and you’ll have a lower deductible and vice versa)
Moreover, each insurance company uses its own unique algorithm to determine what you’ll pay each year, so which company you work with can change your annual premium as well.
Home Insurance add-ons that will further protect you-
Nestled within Tornado Alley, Nebraska homes are often prone to earthquakes, wind, hail, and flooding damage (which may contribute to why Nebraska is one of the most expensive states to insure your home). It is for this reason that we strongly consider the following add-ons.
Flooding is a serious issue in Nebraska. So much so, that the Nebraska Department of Insurance has a slew of resources devoted to it on its website:
- Why You Need Flood Insurance
- Resources for Nebraska Flood Victims
- Tips for Individuals Affected by Weather-Related Damages
Flooding in Nebraska cannot be taken lightly. In 2019, a single ‘bomb cyclone’ caused more than $1.3 billion in flood damages throughout both Nebraska and Iowa. According to FEMA in an interview with Omaha World-Herald, “Nebraska and Iowa have seen about a 10% increase this year over last in property owners purchasing federal flood insurance policies.”
Sewer and Water Backup Coverage
You may want to also consider water backup coverage in addition to flood insurance as the two issues often coincide. Plus, if your home is considered uninhabitable because of a sewer and water line backup, this type of coverage would pay for your housing while standard flood insurance would not.
Important: Review your policy for Tornado Damage
Most standard homeowners insurance policies cover damage done by wind and hail. However, some policies differentiate between standard wind damage and tornado damage. It’s important to confirm whether your policy considers the two coverages separate.
Because Nebraska has a history with earthquake activity because of the fault lines running throughout the state, you may want to consider adding earthquake coverage as an extra precaution.
Helpful Resources for Nebraska Homeowners
An important site for every Nebraskan to get well acquainted with is the Nebraska Department of Insurance as it provides valuable information for homeowners.
Should You Apply Online or In-Person
Though you can do everything online, Nebraska is one of the few states where you may want to apply in person. We say this because there are a variety of risks present in Nebraska, and it is helpful to spend a little extra time in person to discuss policy details in-depth.
What do you need to apply?
Information about your home and your needs through and through.
You can make things easier on yourself by having a copy of your home’s inspection report because your inspector will have likely already answered many of the questions the insurance provider is going to ask.
However, if you have done a lot of recent work to the home, you will want a list of everything that has been done to your home and your home’s systems.
Important dates to consider?
Your lender will require you to have homeowners insurance before you can close, so you can’t shop around indefinitely.
If you have already closed on your home but want to switch providers, make sure there aren’t any gaps in coverage (to avoid penalties and fees). Also, keep your lender and escrow agent informed of any changes.
To determine the best homeowners insurance provider in Nebraska, a variety of factors were heavily scrutinized. To start, we analyzed which providers have the largest market share in Nebraska. We then compared each company’s AM Best ratings, as well as its J.D. Power ratings. As a final measure, we compared policies, discounts, and average premiums. These elements all contributed to our selection of top providers.
Best Nebraska Homeowners Insurance Companies
American Family Insurance
- Highly customizable policies
- Bundle options
- Very few complaints filed against it
- Affordable premiums
- Average customer satisfaction ratings
American Family Insurance nosed ahead of the companies below for a few reasons. Members can save with American Family easily, customize their plan, and qualify for numerous discounts, (for things like installing a Ring video doorbell).
Compared to our other top picks though, American Family only receives an average customer satisfaction rating with J.D. Power.
- Many discount opportunities
- Variety of tools and resources for members
- Affordable premiums
- Average customer satisfaction ratings
Allstate makes our list as it is easy to get discounts on your premiums (which are already lower than most in Nebraska), and it offers a slew of online resources and tools for its members to use.
As with American Family Insurance, Allstate receives just average customer satisfaction ratings.
- Easy to achieve discounts
- High AM Best and J.D. Power Ratings
- Good supply of online resources
- Higher than average premiums
State Farm is among our top provider choices as it has the strongest AM Best and J.D. Power ratings compared to the other providers. It also provides a variety of online resources to its members, and attainable discounts to help you save on your premium, which is helpful considering its premiums are higher than average.
- Easy claims process
- Variety of discounts
- Affordable premiums
- Subpar customer satisfaction
Nationwide makes our list as It’s easy to file a claim and to lower your annual premium with this provider. It’s also currently the second cheapest homeowners insurance provider in Nebraska.
Compared to other companies on this list, however, it has received a lower than average customer satisfaction rating.
Farmers Mutual Insurance Company of Nebraska
- Caters to farm and ranch needs
- Extremely low level of customer complaints
- Lack of online resources
- Not reviewed by JD Power
Farmers Mutual Insurance Company of Nebraska offers policies designed for the many farm and ranch property types in Nebraska. The Better Business Bureau gives this provider an “A+” rating as well, indicating high levels of customer satisfaction.
Two drawbacks with Farmers Mutual of Nebraska is that it doesn’t have as many online resources and tools as other companies and it hasn’t been reviewed by J.D. Power yet.
The Cheapest Homeowner Insurance Companies In Nebraska
|Homeowner Insurance Companies||Average Annual Premium|
|American Family Insurance||$1,473.00|
|Farmers Mutual Insurance Company of Nebraska||$2,133.00|
|Farm Bureau Property & Casualty Insurance Company||$2,534.00|
Homeowner Insurance by Age of Home
|Age of Home||Average Annual Premium|
|Average Age of Home||$3,253|
Quadrant home insurance rate data as of 12/01/2019.
Top 3 Cheapest Homeowner Insurance Companies in Nebraska
• American Family Insurance- $1,473.00
• Nationwide- $1,779.00
• Allstate- $1,824.00
Top 3 Most Expensive Homeowner Insurance Companies in Nebraska
• Metropolitan Insurance- $3,836.00
• Farmers Insurance- $3,707.50
• State Farm- $2,616.00
Based on averages, the cheapest insurance provider in Nebraska is currently American Family Insurance, with an average annual premium of $1,473. The most expensive provider is Metropolitan Insurance, with an average annual premium of $3,836.
However, keep in mind that these costs simply represent the average amount Nebraskans pay with each company. To get a more accurate quote of what you yourself would pay, you will need to contact each provider directly.
Homeowners Insurance FAQ
Is homeowners insurance required in Nebraska?
The state government of Nebraska does not mandate that each homeowner purchase homeowners insurance. That said, if you have a mortgage, your lender most likely requires you to have a policy in place.
What is the cheapest homeowners insurance in Nebraska?
The cheapest provider in Nebraska is currently American Family Insurance. At the moment, the average annual premium is $1,473.
Who are the cheapest providers in Nebraska?
The cheapest providers in Nebraska are American Family Insurance, Nationwide, and Allstate.