Nebraska Home Insurance
Don’t let the tourism slogan, “honestly, it’s not for everyone,” fool you. While Nebraska may be chock-full of self-deprecating humor, it’s also packed with gorgeous scenery, miles of riverbeds and some of the friendliest folks around.
Since we greeted the Pioneer State, we’ve loved getting to see all that Nebraska has to offer. Plus, we knew we’d be in great company as soon as we heard about the adorable pygmy hippos at the Henry Doorly Zoo. Below, we created the ultimate guide to Nebraska home insurance.
What is the average cost of homeowners insurance in Nebraska?
Homeowners insurance in Nebraska costs an average of $1,664 a year, or about 333 Runza sandwiches at the renowned Runza fast-food chain (Runza, a ground beef and cabbage sandwich, is a Nebraska delicacy...maybe the state truly isn’t for everyone). And though Nebraska might not be known for a high cost of living compared to states like California and New York, it’s actually the 10th most expensive state for home insurance in the nation. Nebraska's premiums are even 28% higher than Wyoming home insurance premiums, one of its neighboring states!
What factors influence my home insurance rate?
However, home insurance rates will vary, so don’t be surprised if your actual premiums don’t match the state-wide average. Your rate will depend on your unique situation. Factors such as the size, cost and condition of your home will all impact your premium. In addition, your claim history, credit score and insurance score will be taken into account as well.
NebraskaHome Insurance Premiums
What does Nebraska home insurance cover?
It’s safe to say that the state that invented 911 emergency services takes safety seriously. That’s why most of Nebraska's home insurance policies will cover your home’s structure, its contents, additional structures on your property and your liability. You can also get more coverage through insurance riders if you want.
Given Nebraska’s weather and disaster history, some riders will be highly beneficial for homeowners. Windstorm insurance will offer protection from tornadoes, while scheduled personal property coverage and extended replacement cost will offer financial assistance should you have to repair your home and replace your belongings from various types of peril damage.
Nebraska Insurance Coverage Options
Traditional coverage
Physical Structure
Living Expenses
Liability Protection
Additional Structures
Personal Possessions
Supplemental coverage
Fire
Earthquake
Flood
Tips to lower your home insurance premium
When CliffsNotes was invented in 1958 in Nebraska, high schoolers everywhere breathed a sigh of relief. After all, who doesn’t need an abridged version of complicated information every now and then? Though CliffsNotes are typically used for things like English projects, we thought we’d use this same framework on a much more complicated topic: insurance. Consider the below HippoNotes on how to lower your home insurance premiums.
Insurance premiums often reflect the amount of coverage you’re getting, though they don’t always have to. There are plenty of ways to lower how much you pay without sacrificing your home’s protection, such as changing home insurance providers to score a better deal.
Other ways to get that cost down include installing home protection devices such as smart home systems and cameras, updating your roof (if it’s over 20 years old) and making your home more resistant to disasters. Let your insurance provider know when you’ve made these updates and see how it changes your premium. Finally, you can raise your deductible if you’re looking to see that number drop even more.
Nebraska home insurance resources
The Cornhusker State doesn’t leave its homeowners hanging. From the National Flood Insurance Program to the Nebraska Department of Insurance, there are a lot of resources out there for home buyers looking to learn more about how to protect their homes.
However, it’s worth noting that Nebraska doesn’t offer a Fair Access to Insurance Requirements Plan. So, if you’re having trouble getting home insurance coverage, you may end up with force-placed insurance.
The National Flood Insurance Program
It only takes one bad storm to damage a home. In fact, in the spring of 2019, Nebraska (as well as neighboring state Iowa) was hit with extreme flooding, which caused over $1 billion in property damage. This is why flood insurance is so important and is offered on a federal level through the National Flood Insurance Program (NFIP). While it’s not always required for homeowners to get this extra coverage, it’s always a good idea to be safe than sorry.
If you own a home in Nebraska, don’t wait until it's too late to learn what homeowners insurance coverage you really need. When disaster strikes, you need a company that has your back. From our dedicated customer service team to a host of informative articles (ever wondered what to do after a tornado?), we’ve got you covered.
