Find the Cheapest Homeowners Insurance Quotes in Your Area
We evaluated insurance quotes for a sample 2,000 square foot home in 41 cities in the state of Nebraska in order to determine which cities had the highest and lowest annual home insurance costs. Based on our research, Nebraska homeowners pay on average $2,887 per year for home insurance. Out of the four insurance companies used for quotes, Nationwide had the best rates in Nebraska. Read more about our findings below, or use our quote tool above to start finding homeowners insurance quotes in your area.
- Cheapest Home Insurance Companies
- Homeowners Insurance Rates in Nebraska's Largest Cities
- Top 5 Least Expensive Cities for Home Insurance in Nebraska
- Top 5 Most Expensive Cities for Home Insurance in Nebraska
- Do Nebraska Homeowners Need Flood Insurance?
Cheapest Home Insurance Companies in Nebraska
We collected quotes for our sample home across 41 cities from State Farm, Farmers, Allstate and Nationwide. Quotes from each company were averaged to find which insurance companies had the least expensive home insurance rates in Nebraska. The graph below shows the average annual costs to insure our sample home by company:
Find the Cheapest Homeowners Insurance Quotes in Your Area
Homeowners Insurance Rates in Nebraska's Largest Cities
We assessed homeowners insurance rates across the largest cities in Nebraska. Our study applied control variables to gather quotes and compare to one another. On average, the homeowners in the ten largest cities pay 6% less than the rest of the state for homeowners insurance. The cost of home insurance in the ten largest cities was an average of $2,726 per year.
Omaha is the most populous city in the state of Nebraska. The city lies along the Missouri River and is known for its pioneer history. Omaha is home to four Fortune 500 companies including, Berkshire Hathaway, Kiewit Corporation, Mutual of Omaha, and the Union Pacific Corporation. Based on our research, the average cost of home insurance in Omaha was $2,677 per year, which is 7% less expensive than the state mean.
Nationwide offered the most expensive home insurance quote in the Omaha area at $3,230 annually. State Farm, the most affordable insurer in the city, quoted our sample home an annual cost of $2,311, or $919 lower than Nationwide. Omaha ranks near the middle for affordable home insurance rates in Nebraska, landing at 18th most affordable city of the 41 cities in our study.
Lincoln, the capital of Nebraska, is the second largest city in the state. Many Nebraska state and U.S. government offices are located in this city. The largest employer in Lincoln is the State of Nebraska. On average, residents of Lincoln pay $2,318 for homeowners insurance annually. Home insurance rates in Lincoln are 20% lower than the average in Nebraska.
The most affordable rates in the area are offered by Allstate at $1,528. The second least expensive rate quoted for our sample home was offered by Farmers at $2,298. And the most expensive rate was quoted by Nationwide at $3,146, which is $846 more than State Farm's quote of $2,300. According to our research, Lincoln is the eighth most affordable city for homeowners insurance in Nebraska.
Bellevue is the third largest city in Nebraska. The city is located to the west of the Mississippi River and has over 600 acres of parks which include wooded and paved trails. Based on our study, the average homeowners insurance quote in the city was $2,008, which is $879 less than the state mean for homeowners insurance.
If you’re looking for affordable home insurance rates in Bellevue, we suggest starting with Nationwide which quoted our sample home a premium of $1,624 annually. Farmers offered the least affordable rate at $2,488, which is $864 more per year than Nationwide. Bellevue ranked as the most affordable city for homeowners insurance of the 41 cities in our study.
Grand Island, NE
Grand Island, located in the center of Nebraska, is the fourth most populous city in the state. It has more than 90 manufacturing plants that provide jobs for over 7,000 people in the city. The average annual homeowners insurance quote in Grand Island was $3,277 per year, which is 14% more expensive than the state mean.
Nationwide and Farmers quoted home insurance rates of $2,224 and $2,931 for our sample home, respectively. Allstate's quote of $4,600 was over twice the amount quoted by Nationwide and $1,669 more than the rate offered by Farmers. Grand Island ranked as the third most expensive city for homeowners insurance out of the ten most populous cities in our study.
Kearney is the fifth largest city in the state of Nebraska and home to the University of Nebraska. The city is the self-proclaimed Sandhill Crane Capital of the World due to the crane migration, which brings millions of dollars to the area each year from tourists. In Kearney, the mean home insurance rate was $3,290 per year, which is $404 more than the state average.
Allstate quoted the most expensive rate for our sample home in Kearney at $4,306 annually, which is $2,235 more expensive than the rate of $2,071 provided by Nationwide. According to our study, homeowners in the city of Kearney pay 14% more for their home insurance compared to the state mean.
Fremont is the sixth most populous city within the state of Nebraska. It is located in the eastern section of the state, near to the Platte River, and is approximately 35 miles away from the largest city, Omaha. The average home insurance quote for our sample home in Fremont was $2,558, which is 11% more affordable than the state mean.
Nationwide, the most affordable insurer in the state, quoted our sample home an annual insurance cost of $2,130. Allstate offered the most expensive quote in the city of $2,995. This rate is $684 more than the most affordable quote in Fremont of $2,311, offered by State Farm.
Hastings is the seventh largest city in the state. It is recognized as the "Official Birthplace of Kool-Aid", invented in 1927. Every August, the city holds an event called Kool-Aid Days to celebrate the flavored drink mix. Our research found that the average home insurance premium in Hastings was $3,392, which is $505 more than the average in the state of Nebraska.
Nationwide offered a quote of $2,760, which is $1,162 cheaper than the rate of $3,922 offered by Allstate. State Farm quoted the second most affordable rate of $3,349 for our sample home. Based on our study, Hastings had the most expensive average rate for homeowners insurance out of the ten most populous cities in Nebraska.
North Platte, NE
North Platte is located in the southwestern part of the Nebraska and is the eighth largest city in the state. It is known as a railroad town because the world's largest railroad classification yard, the Bailey Yard owned by Union Pacific Railroad, is located in North Platte. We found the mean annual home insurance cost in North Platte to be $2,727.
State Farm, the least affordable insurer in the state overall, offered the least expensive home insurance quote for our sample home in North Platte at $2,285. Allstate offered the most expensive rate in the city of $3,054 per year. On average, residents of North Platte pay 6% less for their home insurance than the state mean.
Norfolk is the ninth most populous city in the state of Nebraska. The city is located in northeast Nebraska and north of the Elkhorn River. Norfolk has an average homeowners insurance rate that is 17% lower than the state mean. Residents pay an average of $2,393 a year for homeowners insurance.
Nationwide offered the lowest quote in the city at a cost of $2,088 per year. The second most affordable homeowners insurance quote gathered was offered by State Farm at a premium $2,273. Allstate offered the most expensive quote at $2,688 per year, which is $600 more than Nationwide.
Columbus is the tenth largest city in the state of Nebraska. It is known as "the City of Power & Progress", as it is home to three public power districts: Cornhusker Public Power, Nebraska Public Power, and Loup Public Power. The average homeowners insurance rate in Columbus was $2,621. This rate is $266 lower than the state average, which represents an 9% discount.
State Farm quoted the cheapest home insurance quote in the area at $2,303. Allstate offered the most expensive home insurance quote at $3,099, which is $796 more expensive than State Farm’s quote. Columbus ranked in the middle for homeowners insurance compared to the ten largest cities.
Least Expensive Homeowners Insurance in Nebraska: by City
The graph below shows the five most affordable cities in Nebraska of all 41 cities from our study. The cities are listed in order of average price, starting with the lowest mean home insurance rate and ascending. The figures listed in the graph represent the average home insurance rate in each city. Bellevue is the cheapest city in Nebraska for homeowners insurance. On average, residents pay $2,008 annually, which is $879 lower than the state average.
As previously mentioned, Bellevue is the most affordable city in the state of Nebraska for homeowners insurance. On average, residents pay $46 less for their homeowners insurance policy than the next most affordable city in Nebraska, Ashland. Nationwide offered the least expensive quote at $1,624.
Ashland offers the second cheapest rates for home insurance of the 41 cities sample in Nebraska. The mean home insurance quote in the city was $2,054, which is 29% cheaper than the state average. The most affordable quote in Ashland was offered by Nationwide at $1,511 per year.
Papillion ranks as the third least expensive city in Nebraska for homeowners insurance. The average home insurance quote gathered for the city of Papillion was $2,057, which is $830 less than the state mean. On a percentage basis, this represents a 29% discount.
Waverly offers the fourth most affordable home insurance rates in the state of Nebraska. Residents pay on average $2,094 per year, which is $793 less than the state average. The lowest rate in the city was offered by Allstate at $1,390.
Ralston is ranked the fifth least expensive city in Nebraska for home insurance. On average, residents pay $2,103 for home insurance, which represents a 27% lower rate when compared to the state mean. On an annual basis, residents save $784 on homeowners insurance versus the state average.
Most Expensive Homeowners Insurance in Nebraska: by City
The graph below shows the five least affordable places of all 41 cities from our study. The cities are listed in order of price starting with the highest average rate and descending. The figures listed represent the average home insurance rate in each city. The most expensive city for homeowners insurance was Imperial where our research found an average annual rate of $3,924, which is $1,037 higher than the state average.
Do Nebraska Homeowners Need Flood Insurance?
Homeowners insurance policies do not typically cover flood damage, so Nebraskans looking to protect their house and its contents from floods will need to purchase a separate flood insurance policy. The average cost of flood insurance in Nebraska is $998 per year.
Purchasing flood insurance will only be required if either:
- Your lender requires it, or
- You live in an area designated as a Special Flood Hazard Area (SFHA) by the federal government and you have a mortgage from a from a federally regulated or insured lender.
Homeowners can find out their flood zone by entering their address into the FEMA Flood Map Service Center. Whether or not flood insurance is required, we generally recommend its purchase as extra security against the potential costs of flood damage.
If you live in a moderate-to-low risk flood zone, and your lender doesn't mandate you hold flood insurance, you won't be required to purchase it. And most Nebraskan homeowners haven't bought a policy. Nebraska has just over 9,000 flood insurance policies in force versus almost 485 thousand owner-occupied housing units, meaning that less than 2% of the state's homeowners have a flood insurance policy. By contrast, about 98% of them have a home insurance policy.
|Owner-occupied housing units||Home insurance policies in force (share of housing units)||Flood insurance policies in force (share of housing units)|
|484,730||473,594 (98%)||9,525 (2%)|
If you live in a moderate- or low-risk flood zone, purchasing flood insurance for extra security is still recommended. More than 20% of flood insurance claims come from properties inside these zones, so living in a lower risk zone does not necessarily preclude flood damage. And homeowners in these zones may qualify for a discounted Preferred Risk Policy, which can be purchased for $108 per year at its lowest coverage levels.
We studied 41 cities, spread out geographically in the state of Nebraska. The sample home we looked at was built in the year 2000 and had 2,000 square feet. The property cost $200,000 and had an attached garage. Quotes for this home were obtained from State Farm, Farmers, Allstate and Nationwide insurance companies. The rates were then averaged to arrive at a mean value for each city. Below is an alphabetical list of all the cities included in the comparison analysis. We've displayed all cities from Alliance to York with the average annual cost of insurance for the benchmark property and how much each city costs relative to the statewide average.
|Rank||City||Average Insurance Rate||Cost Compared to State Average|
|9||South Sioux City||2,323||-20%|